1)The Department of Posts, Government of India and Department of Horticulture, Government of Bihar have joined hands to supply ''Shahi Lichi'' from Muzaffarpur and "Zardalu Mango" from Bhagalpur to the people at doorstep. The ''Shahi Lichi'' of Muzaffarpur (Bihar) and "Zardalu Mango" of Bhagalpur(Bihar) are famous in world by virtue of their unique fragrance and demand everywhere. Zardalu Mango has received GI tag. This facility of online delivery will be initially available to people of Muzaffarpur & Patna for ''Shahi Lichi'' & Patna & Bhagalpur for "Zardalu Mango". Lichi will be booked minimum for 2 kgs and mangoes for 5 kgs.
2)Economists around the world are searching for the right terminology to describe the biggest economic crisis since the Great Depression. The IMF calls it the Great Lockdown. At its spring meetings in April - held virtually this year - the International Monetary Fund used that phrase to summarize how the world economy had been upended. Morgan Stanley says it’s the Great Covid-19 Recession, or GCR for short to reflects its expectations for the deepest peacetime contraction in global growth since the Great Depression. Ed Yardeni has named this the Great Virus Crisis. There’s even a suggestion to call it a Pandession, as suggested by economist David McWilliams, who previously worked for the Central Bank of Ireland. A Pandession is a new word because it is a new thing.
3)Farmers in Chhattisgarh would get up to ₹13,000 an acre a year under the Rajiv Gandhi Kisan Nyaya Yojana, a new income support programme announced by the State government. In the first instalment, ₹1,500 crore would be distributed among 18 lakh farmers, more than 80% of them small and marginal. The annual cost of the scheme would be ₹5,700 crore. The scheme would cover rice, maize and sugarcane farmers to begin with, and would expand to other crops later. Rice and maize farmers would get ₹10,000 an acre, while sugarcane farmers would get ₹13,000. The money would be distributed in four instalments. This will help them through the agricultural cycle and help with extension activities. The additional income to farmers would increase rural demand and also act as a stimulus for the State’s economy
4)e payroll data of the Employees State Insurance Corporation (ESIC) was released. The data says that around 821,000 new members have joined ESIC social security scheme. The data was released by National Statistical Office (NSO). The Employment State Insurance Scheme was launched in 1952 under the Employees State Insurance Act, 1948. The act was the first legislative social security step for workers in India. The scheme was designed to help employees fight against their sickness, disablement, maternity and death due to employment.
5)World Steel Association released the World Steel Report. According to the report, the crude steel report of India declined by 65%. During April 2020, the steel output of India was 3.13 million tonnes. China has reported 1.7% fall in steel production. This is the first time China is facing an output decline. US faced a decline of 32%. South Korea’s steel production declined by 8.4%. The other global steel producers such as European Union, France, Italy, Turkey, Spain, Russia, Ukraine and Brazil also faced decline in their output. India is currently operating under its National Steel Policy 2017. Under the policy, India is to increase its steel production to 300 million tonnes by 2030. It also aims to make India selfsufficient in steel. It also aims to build a globally competitive steel industrial output in the country.
2)Economists around the world are searching for the right terminology to describe the biggest economic crisis since the Great Depression. The IMF calls it the Great Lockdown. At its spring meetings in April - held virtually this year - the International Monetary Fund used that phrase to summarize how the world economy had been upended. Morgan Stanley says it’s the Great Covid-19 Recession, or GCR for short to reflects its expectations for the deepest peacetime contraction in global growth since the Great Depression. Ed Yardeni has named this the Great Virus Crisis. There’s even a suggestion to call it a Pandession, as suggested by economist David McWilliams, who previously worked for the Central Bank of Ireland. A Pandession is a new word because it is a new thing.
3)Farmers in Chhattisgarh would get up to ₹13,000 an acre a year under the Rajiv Gandhi Kisan Nyaya Yojana, a new income support programme announced by the State government. In the first instalment, ₹1,500 crore would be distributed among 18 lakh farmers, more than 80% of them small and marginal. The annual cost of the scheme would be ₹5,700 crore. The scheme would cover rice, maize and sugarcane farmers to begin with, and would expand to other crops later. Rice and maize farmers would get ₹10,000 an acre, while sugarcane farmers would get ₹13,000. The money would be distributed in four instalments. This will help them through the agricultural cycle and help with extension activities. The additional income to farmers would increase rural demand and also act as a stimulus for the State’s economy
4)e payroll data of the Employees State Insurance Corporation (ESIC) was released. The data says that around 821,000 new members have joined ESIC social security scheme. The data was released by National Statistical Office (NSO). The Employment State Insurance Scheme was launched in 1952 under the Employees State Insurance Act, 1948. The act was the first legislative social security step for workers in India. The scheme was designed to help employees fight against their sickness, disablement, maternity and death due to employment.
5)World Steel Association released the World Steel Report. According to the report, the crude steel report of India declined by 65%. During April 2020, the steel output of India was 3.13 million tonnes. China has reported 1.7% fall in steel production. This is the first time China is facing an output decline. US faced a decline of 32%. South Korea’s steel production declined by 8.4%. The other global steel producers such as European Union, France, Italy, Turkey, Spain, Russia, Ukraine and Brazil also faced decline in their output. India is currently operating under its National Steel Policy 2017. Under the policy, India is to increase its steel production to 300 million tonnes by 2030. It also aims to make India selfsufficient in steel. It also aims to build a globally competitive steel industrial output in the country.
6)Ministry of Road Transport and Highways notified emission norms for L7 category for BS VI. With the notification, the BS VI process L, M and N category vehicles in the country gets completed. The emission norms will encourage the production of quadricycles. The quadricycle segment in India was introduced in less than 2 years. Thus, the full-fledged production has not completely begun. The quadricycle segment was introduced in 2018 for both commercial and private use.
7)The World Health Organization (WHO) recently announced eight candidates to enter human trials. Several people step forward to participate in human challenge trial as the race to develop new vaccine for the virus is increasing. The trial involves infecting volunteers intentionally with COVID-19 virus. This is done to speed up the process of vaccine development.
8)Union Minister of Food Processing Industries(MoFPI), appreciated the initiative taken by Indian Institute of Food Processing Technology (IIFPT) to manufacture nutrient rich foods for COVID-19 patients at a time when the need for healthy and immunity boosting foods is indispensable. • IIFPT is a premier national Institute for promoting research and education in food processing. • It works under the administrative control of Union Ministry of Food Processing Industries (MoFPI). • HQ: Thanjavur, Tamil Nadu.
9)Facebook founder Mark Zuckerberg has announced the launch of Facebook Shops. • Facebook Shops is a platform that small mom-and-pop stores across the world could leverage to sell things directly across its apps, such as WhatsApp, Instagram and Facebook too. • For small store owners in developing countries, the launch of this platform could mean easy access to the large customer base of the social media giant, Facebook. • With WhatsApp and Instagram, the trio makes a formidable presence on the internet. • The launch of this platform coincides with the plans of many other global conglomerates to launch themselves in the Medium, Small and Micro Enterprises (MSME) segment, by providing some kind of platform or training space- It is unclear if Facebook Shops would be launched in India as well.
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