Focus Merit

Category: All Current Affairs

NCAER forecasts India’s GDP growth at 1.3% in FY21

June 28, 2020
GDP
  • National Council of Applied Economic Research (NCAER) announced the Indian economy could be developing at 1.3% in FY21 as a base case scenario. This prediction is based on the incorporation of the monetary and fiscal stimulus measures undertaken by the Reserve Bank of India (RBI) and the central government.

NASA’s headquarter building identified after ‘Mary W.Jackson’

June 28, 2020
NASA
  • NASA declared that its headquarters will be entitled after one of its history-making engineers. In a news release, NASA Administrator Jim Bridenstine told that the agency’s Washington, D.C., headquarters building will be named after Mary W. Jackson, its first African American female engineer.

India slides down at 77th place in estimating money in Swiss banks

June 28, 2020
Swiss National Bank
  • India has rolled down three spots to 77th rank in terms of money deposited by its citizens and enterprises with Swiss banks at the end of 2019, while the UK has maintained its top position, as per the recent data from Switzerland’s central bank. India was placed 74th in the previous year.

‘Sankalp Parva’ on the call of Prime Minister by Ministry of Culture from 28th June to 12th July 2020

June 28, 2020
Plantation
  • The Union Ministry of Culture has declared on 27th June 2020 that on the call of Prime Minister Narendra Modi the Ministry has selected to commemorate a 2-week long tree plantation campaign called ‘Sankalp Parva’ from 28th June to 12th July 2020. This was told by the Union Minister of State for Culture (Independent Charge) Prahlad Joshi.

Indians’ money in Swiss Banks down 6% at Rs 6,625 Crore in 2019

June 28, 2020
Swiss National Bank
  • Funds deposited by Indian individuals and enterprises in Swiss banks, including through India-based branches, sank nearly 6 percent in 2019 to 899 million Swiss francs (Rs 6,625 crore), annual data from Swiss National Bank revealed on 25th June.

Pakistan to stay on FATF’s ‘grey list’; fails to check terror funding

June 28, 2020
FATF
  • Pakistan got another extension on the “grey list”, as the Financial Action Task Force (FATF) plenary session on 24th June finalized to maintain all countries under scrutiny for Terror Financing and Money Laundering until October 2020.

1971 war hero Sqn Ldr Parvez Jamasji passes away

June 27, 2020
Sqn Ldr Parvez Jamasji
  • Sqn Ldr Parvez Jamasji (retd), who was honored with the Vir Chakra for gallantry during the 1971 Indo-Pakistan war, has passed away. He was 77.

27th June is observed as Micro-Small and Medium-sized Enterprises Day

June 27, 2020
Micro-Small and Medium-sized Enterprises Day
  • The UN General Assembly, seeing the necessity to enhance small business development, planned to designate 27 June as Micro-, Small and Medium-sized Enterprises Day. The goal is to promote member states to facilitate observance of the day by growing awareness and actions to support small businesses.

Yes Bank pairs-up with UDMA to release ‘Yuva Pay’ mobile app

June 27, 2020
Yes Bank
  • Private lender Yes Bank has tied hands with UDMA technologies to release digital wallet solution ‘Yuva Pay’. This new product from the lender will support the customers with contactless payments. The digital wallet is published under minimum KYC regulations to Yes Bank.

Russia’s Energia Space Corporation plans to take the first tourist on a spacewalk in 2023

June 27, 2020
space
  • Energia Space Corporation in Russia declared on June 25 that it is preparing on taking the first tourist on a spacewalk in 2023, under the terms of a new agreement with a United States partner.