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12th July 2020 Current affairs

  1. The Dubai-based Indian national, Soham Mukherjee managed to break the previous title of 96 for most side to side hops in 30 seconds.
  1. India has been ranked eighth for cancer preparedness among 10 Asia-Pacific countries, according to a new report. Australia ranked 1st. The Economist Intelligence Unit (EIU) report on “Cancer preparedness in Asia-Pacific: Progress towards universal cancer control”, sponsored by Roche, examines the findings from the EIU’s Index of Cancer Preparedness.
  1. BofA Securities, a foreign brokerage, stated that India’s GDP will contract by 3% in FY21 because of the COVID-19 pandemic, assuming the economy is opened up fully from next. The Indian GDP will contract this fiscal, with some estimates ranging up to 7% negative growth. 
  1. Prime Minister Narendra Modi delivered the inaugural address at the India Global Week 2020, a virtual conference which is being organised in the UK. Themed ”Be The Revival: India and a Better New World”, the event have 5,000 global participants from 30 nations and will be addressed by 250 global speakers in 75 sessions. 
  1. The Insurance Regulatory and Development Authority of India (IRDAI) has formed a working group to examine the feasibility of ‘Pandemic Risk Pool’.
    Suresh Mathur, Executive Director- IRDAI, will be the Chairman for the 9-member working group with industry representatives as members. 
  1. According to data from the Reserve Bank of India (RBI), Tamil Nadu has so far raised ₹30,500 crore in the fiscal 2020-21 and has topped market borrowings among States in the country. 
  1. Odisha Chief Minister Naveen Patnaik launched BLUIS – Bhubaneswar Land Use Intelligence System, the flagship development of General Administration and Public grievances departments. 
  1. The Securities and Exchange Board of India (SEBI) announced the signing of a memorandum of understanding (MoU) with the Central Board of Direct Taxes (CBDT) to facilitate the sharing of data between Sebi and CBDT on an automatic and regular basis. 
  1. The Indian Institute of Technology Hyderabad (IITH) is collaborating with NVIDIA, a multinational technology company, to establish India’s first ‘NVIDIA AI Technology Centre’ (NVAITC) to accelerate research on Artificial Intelligence and its commercial adoption.


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