Argutes

Monthly current affairs summary – August 2020

Current affairs play a vital role in UPSC civil service exam preparation. The daily current affairs from the daily news’ are one of this important area. This section gives you a very brief summary of the important topics to be covered. You may use this section for revising your preparation. Nevertheless, we recommend you visit our daily current affairs section that gives a comprehensive analysis of the topics needed to be studied for the UPSC civil service exam.

Current affairs summary – 31 August 2020

1. ‘Kandhamal Haladi’ – a GI Tag product reports meager sales due to the COVID-19 pandemic.

GI Tags:

  • Geographical Indication(GI) tag is an indication or a sign which specifies that a product originates from a definite geographical territory.
  • GI tags are used to identify agricultural, natural, handicrafts, or manufactured goods.
  • Geographical Indications are covered as an element of Intellectual Property Rights(IPR) under the TRIPS Agreement (WTO Agreement).
  • Kandhamal Haladi got its GI tag in the agricultural category from Odisha in 2019.

2. Hon’ble PM says India has the potential to be a global toy hub.

Channapatna-Toy city:

  • Channapatna is a town in Ramanagara District in Karnataka.
  • Channapatna is known as the “Town of Toys” or “Toy city” or “Gombbegala Ooru/Nagara”
  • The town is famous for its wooden toys.

Current affairs summary – 30 August 2020

1.Anti-dumping duty:

  • An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.
  • Thus, the purpose of anti-dumping duty is to rectify the trade distortive effect of dumping and re-establish fair trade.
  • The use of anti-dumping measures as an instrument of fair competition is permitted by the WTO.

2. African Baobab

  • African Baobab is known as the Tree of Life.
  • The African Baobab is a keystone tree species of African sub-Saharan regions
  • It can live for a thousand years.
  • It yields fodder, medicinal compounds, and many such products.

3. National Food Security Act 2013:

  • The National Food Security Act, 2013 was notified in 2013 with the objective to provide for food and nutritional security in human life cycle approach, by ensuring access to adequate quantity of quality food at affordable prices to people to live a life with dignity.
  • 75% of Rural and 50% of the Urban population is entitled to receive highly subsidized foodgrains under two categories of beneficiaries – Antodaya Anna Yojana (AAY) households and Priority Households (PHH).
  • The eldest woman of the beneficiary household (18 years or above) is considered as ‘Head of Family’ for the purpose of issuing ration cards.

Current affairs summary – 29 August 2020

1. Pradhan Mantri Fasal Bima Yojana(PMFBY)

  • Pradhan Mantri Fasal Bima Yojana (PMFBY) aims at supporting sustainable production in the agriculture sector by way of –
    • a) providing financial support to farmers suffering crop loss/damage arising out of unforeseen events
    • b) stabilizing the income of farmers to ensure their continuance in farming
    • c) encouraging farmers to adopt innovative and modern agricultural practices
    • d) ensuring the flow of credit to the agriculture sector; which will contribute to food security, crop diversification, and enhancing growth and competitiveness of the agriculture sector besides protecting farmers from production risks.
  • There will be a uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops.
  • In the case of annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%.
  • The scheme covers both yield losses as well as post-harvest losses.
  • Recently revamped guidelines have made the enrollment under the scheme voluntary for all farmers.

Current affairs summary – 28 August 2020

1. Great Andamanese Tribe members tested positive for COVID-19.

Particularly Vulnerable Tribal Groups(PVTG):
  • PVTGs are the most vulnerable among the tribal groups and they live in remote and difficult areas in small and scattered hamlets/habitats.
  • There are 75 tribal groups who have been categorized by the Ministry of Home Affairs as Particularly Vulnerable Tribal Groups (PVTG)s.
  • PVTGs reside in 18 States and UT of A&N Islands.
  • Existence of a pre-agricultural level of technology, stagnant or declining population growth, extremely low level of literacy and a subsistence level of the economy are some of the criteria for PVTGs.

Current affairs summary – 27 August 2020

1. Archaeological Survey of India(ASI) creates 7 new circles.

Archaeological Survey of India (ASI)
  • The Archaeological Survey of India (ASI) is under the Ministry of Culture.
  • ASI is the premier organization for archaeological researches and protection of the cultural heritage of the nation.
  • It regulates all archaeological activities in the country as per the provisions of the Ancient Monuments and Archaeological Sites and Remains Act, 1958.
  • It also regulates Antiquities and Art Treasure Act, 1972.

2. Amazon and antitrust cases by vendors in the Competition Commission of India.

Competition Commission of India(CCI):
  • Competition Commission of India is a statutory body established under the Competition Act 2002.
  • CCI consists of a Chairperson and 6 Members appointed by the Central Government.
  • It is the duty of the Commission to eliminate practices having an adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.

 

Current affairs summary – 26 August 2020

1. Shanghai Cooperation Organisation(SCO) Foreign Ministers meet likely to be in September.
SCO:
  • Shanghai Cooperation Organisation is a permanent intergovernmental international organization which entered into force in 2003.
  • The organization has two permanent bodies —
    • the SCO Secretariat based in Beijing and
    • the Executive Committee of the Regional Anti-Terrorist Structure (RATS) based in Tashkent.
  • SCO has eight permanent members namely the Republic of India, the Republic of Kazakhstan, the People’s Republic of China, the Kyrgyz Republic, the Islamic Republic of Pakistan, the Russian Federation, the Republic of Tajikistan, and the Republic of Uzbekistan.
  • Apart from this SCO has 4 observer states and 6 dialogue partners.
  • Strengthening mutual confidence and good-neighborly relations among the member countries; promoting effective cooperation in politics, trade and economy, science and technology, culture as well as education, energy, transportation, tourism, environmental protection, and other fields are some of the significant goals of SCO.

Current affairs summary – 25 August 2020

1. DNA Technology Draft Bill,2019

DNA Technology (Use and Application) Regulation Bill, 2019:

  • DNA Technology (Use and Application) Regulation Bill, 2019 provides the regulation of the use of DNA technology for establishing the identity of certain persons.
  • The Bill has several provisions regarding
    • DNA Regulatory boards,
    • DNA Laboratories,
    • National DNA Data Bank and Regional Data Banks,
    • sources and manner of collection of samples for DNA testing,
    • List of Matters for DNA testing,
    • Scrutiny and confidentiality of information,
    • Offenses and penalties for misuse of DNA data,
    • DNA Regulatory board Fund, etc.

Current affairs summary – 24 August 2020

1. National Council for Transgender persons:
  • The Ministry of Social Justice and Empowerment has constituted the National Council for Transgender persons in the exercise of the powers conferred by the Transgender Persons (Protection of Rights) Act, 2019.
  • Chairperson: Hon’ble Minister of Social Justice and Empowerment
  • Members: Officials from some other ministries
  • Five Nominated members who are part of the Council are as follows:
    • Laxmi Narayan Tripathi,
    • Gopi Shankar Madurai,
    • Meera Parida,
    • Zainab Javid Patel and
    • Kak Chingtabam Shyamcand Sharma
2. State of Food Security and Nutrition in the World Report:
  • The State of Food Security and Nutrition in the World 2020 was jointly prepared by the Food and Agriculture Organization of the United Nations (FAO), the International Fund for Agricultural Development (IFAD), the United Nations Children’s Fund (UNICEF), the World Food Programme (WFP) and the World Health Organization (WHO) to inform on progress towards ending hunger, achieving food security and improving nutrition and to provide in-depth analysis on key challenges for achieving this goal in the context of the 2030 Agenda for Sustainable Development.
  • This joint report is issued annually.

Current affairs summary – 22 August 2020

1. Investments via P-Notes rise to Rs.63000 crores:
P-Notes:
  • A Participatory Note (PN or P-Note) in the Indian context, is a derivative instrument issued in foreign jurisdictions, by a SEBI registered Foreign Institutional Investor (FII) or its sub-accounts or one of its associates, against underlying Indian securities.
  • The investor in PN does not own the underlying Indian security, which is held by the FII who issues the PN
  • Thus the investors in PNs derive the economic benefits of investing in the security without actually holding it.
  • But this also raises concerns about the identity of the owner and the source of funds.

Refer detailed version of these topics for more information.

Current affairs summary – 21 August 2020

1. Monetary Policy Committee:
  • The Monetary Policy Committee (MPC) is a committee of the Reserve Bank of India having six members, headed by the RBI Governor
  • It is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level.
2. National Strategy for Financial Education:2020- 2025:
  • National Strategy for Financial Education(NSFE): 2020-2025 is a document released by RBI
  • Its aim is to create a financially aware and empowered India
  • It has recommended a ‘5 C’ approach for financial education in the country
  • Content, Capacity, Community, Communication, and Collaboration are the ‘5 Cs’ specified in NSFE document
3.Swachh Survekshan 2020:
  • Swachh Survekshan 2020 is the fifth edition of the annual cleanliness urban survey.
  • It is conducted by the Ministry of Housing and Urban Affairs (MoHUA).
  • It is the world’s largest cleanliness survey.
  • Indore has been ranked the cleanest city in India in the Swachh Survekshan 2020 report.

Refer detailed version of these topics for more information.

Current affairs summary – 20 August 2020 (Important topics):

1. The Government of India approves setting up National Recruitment Agency
  • National Recruitment Agency will be a Society registered under the Societies Registration Act.
  • It will be headed by a Chairman of the rank of the Secretary to the Government of India.
2. GST Council to meet on 27th August 2020
  • 41st GST Council will likely to be held over Video Conferencing on 27th August 2020.
  • This meeting will likely discuss the compensation payout to states and the methods to overcome the shortfall crisis by bringing in more items under the Compensation cess, rationalizing GST rates, etc.

Refer detailed version of these topics for more information.

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