Global Day of Parents 2020-
Global Day of Parents is celebrated every year on June 1 globally. The day was organized by the United Nations (UN) to emphasize the critical role that the family has the primary responsibility for the nurturing and protection of children.
One Nation-One Ration Card’ scheme-
The Union Minister of Consumer Affairs, Food & Public Distribution Ram Vilas Paswan informed that Odisha, Sikkim and Mizoram have joined the ‘One Nation-One Ration Card’ scheme on ‘Integrated Management of Public Distribution System’(IM-PDS) a total of 20 states/Union Territories(UTs) in the scheme.
India ranked 23rd for world’s best startup ecosystems-
The ranking has been topped by the United States (US), followed by the United Kingdom (UK), and Israel at 2nd and 3rd position. India’s ranking is contrary to its annual Ease of Doing Business ranking, which continues to be on an improving path.
Among the top 100 startup cities, only four India cities were named in “2020 Cities Global Ranking of Startup Ecosystem”.
Moody’s -
Rating agency Moody’s expects India’s real Gross Domestic Product(GDP) to contract by 4% in fiscal 2021 due to the COVID-19 pandemic and related lockdown measures.
ii.India’s foreign-currency and local-currency long-term issuer ratings have been downgraded to Baa3 from Baa2.
iii.Meanwhile India’s local-currency senior unsecured rating was also reduced to Baa3 from Baa2, and its short-term local currency rating to Prime(P)-3 from P-2. The outlook remains negative
Real time electricity market-
Indian Energy Exchange Limited (IEX) has started a real-time market (RTM) to meet the demand for electricity. This will enable the power companies to buy and sell electricity according to their needs only one hour before.
i.There will be 48 auction sessions throughout the day & the power delivery will be done within one hour of the end of the bidding session. This will help in reducing dependency in case of grid fluctuations for power companies.
Lakshmi Vilas Bank’s MD and CEO-
On June 1, 2020, The Reserve Bank of India (RBI) approved the extension of tenure for Lakshmi Vilas Bank (LVB) Managing Director (MD) and Chief Executive Officer (CEO), Subramanian Sundar by 6 months from May 31, 2020 to November 30, 2020.
Tata Power acquires 51% stake in Odisha’s TPCODL-
On June 1, 2020, Tata Power Limited has acquired 51% stake in TP Central Odisha Distribution Ltd (TPCODL), a wholly-owned subsidiary of Grid Corporation of Odisha (GRIDCO), for a consideration of Rs 178.5 crore. The remaining 49 % stake in TPCODL will be held by GRIDCO.
PM Modi Launches ‘CHAMPIONS’ portal to empower MSMEs-
Prime Minister (PM) Narendra Modi has launched CHAMPIONS (Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength) to help the smaller MSMEs (Micro, Small and Medium Enterprises) by resolving their grievances and the complaints received on the portal will also be redressed within the prescribed limit.
DRDO develops ‘Ultra Swachh’ to disinfect PPE and other materials-
Institute of Nuclear Medicine and Allied Science(INMAS) Delhi based laboratory of Defence Research and Development Organisation (DRDO) developed “Ultra Swachh” a disinfection unit to disinfect Personal Protective Equipments (PPEs), electronic items, fabrics and other materials.
World Dugong Day 2020-
On May 28, World Dugong Day 2020 is observed to raise awareness and conserve an endangered marine species from extinction. The dugongs commonly known as the sea cow and its Scientific name is Dugong dugon, which is the world’s only vegetarian marine mammal threatened with extinction and is fighting for its survival in Indian waters.Unless conserve, one day become extinct.