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DAILY CURRENT AFFAIRS – 10th June 2020 : GK UPDATES
1. India’s economy to contract by 3.2 percent in fiscal year 2020-21: World Bank
– The World Bank expects India’s economy to contract by 3.2% in the current fiscal year, a sharp downgrade from its April projection of 1.5%-2.8% growth.
– The Global Economic Prospects (GEP) report released said the lockdowns have severely curtailed economic activity despite fiscal and monetary stimulus.
– The latest report expects the economy to make a modest recovery to 3.1% growth in the next fiscal year.
– A number of firms including Goldman Sachs have projected a contraction of as much as 5% for India in FY21.
The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.
Headquarters: Washington D.C. United States; President: David Malpass
2. India, Denmark sign MoU for developing cooperation in power sector
– India and Denmark have signed an MoU for developing cooperation in the power sector. The MoU signed is to develop a strong, deep and long-term co-operation between two countries in the power sector on the basis of equality, reciprocity and mutual benefit.
– It provides for collaboration in areas like offshore wind, long term energy planning, forecasting, flexibility in the grid, consolidation of grid codes to integrate and operate efficiently variable generation options, flexibility in the power purchase agreements and variability in renewable energy production.
– Indian electricity market will benefit from this cooperation. Under the MoU, a Joint Working Group will also be established.
Denmark Capital: Copenhagen; Currency: Danish krone
3. Coronavirus spread from asymptomatic people appears to be rare: WHO
– The World Health Organization’s technical lead for Coronavirus response and head of the emerging diseases, Maria Van Kerkhove has stated that the spread of COVID-19 by those who do not show any symptoms of being infected by the virus, seems to be rare.
– During a press briefing in Geneva, Maria Van Kerkhove mentioned that from the data that WHO has, it still seems to be rare that an asymptomatic person can actually transmit the virus to the second individual.
– The technical lead of the Coronavirus response also informed that the data also shows that what appears to be an asymptomatic case of COVID-19, they often turn out to be the cases of mild diseases.
The World Health Organization is a specialized agency of the United Nations responsible for international public health.
Headquarters: Geneva, Switzerland
4. Indian Air Force designs & manufactures ARPIT
– The Indian Air Force has designed and manufactured an Airborne Rescue Pod for Isolated Transportation (ARPIT).
– This pod will be utilised for evacuation of critical patients with infectious diseases including COVID-19 from high altitude areas, isolated and remote places.
– Requirement of an air evacuation system with facility to prevent spread of infectious aerosol from a COVID-19 patient during air travel was felt by IAF when COVID-19 was declared as a pandemic.
– This indigenously designed system has been developed at a cost of Rs. 60,000 only. The system has been developed as a lightweight isolation system made from aviation certified material.
5. Govt mandates distinct colour strip on top of sticker carrying details of registration for BS-VI vehicles
– The Ministry of Road Transport and Highways has mandated a strip of green colour of one centimetre width on top of the existing sticker carrying details of registration for BS-VI vehicles of any fuel type.
– For petrol and CNG vehicles, there is a light blue colour sticker and for diesel vehicles, it is of orange colour.
– The Ministry in a statement said that such stickers will now have a green strip of one centimetre width on top for BS VI four wheel vehicles. Green strips of such thickness for BS 6 vehicles for stickers of registration details are being stuck on windshields of 4 wheelers.
6. Monika Kapil Mohta appointed as India’s next Ambassador to Switzerland
– Monika Kapil Mohta has been appointed as the next Ambassador of India to Switzerland, the Ministry of External Affairs announced.
– Mohta is an Indian Foreign Service officer of 1985 batch and is presently India’s Ambassador to Sweden.
– Mohta has served as the Ambassador of India to Poland and Lithuania from July 2011 to January 2015. She has also served at Indian Embassies in France, Nepal and Thailand and in the Permanent Delegation of India to UNESCO.
She was also the Director of The Nehru Centre and Minister (Culture) at the High Commission of India to the United Kingdom from 2006 to 2011.