#relations and functions class 12 bihar board | Explore Tumblr posts and blogs

vignaniasacademy · 5 years ago

Text

20-05-2020 Current affairs & Daily News Analysis

Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Gadkari Days after changing the definition of Micro, Small and Medium Enterprises (MSMEs), the government has decided to further revise the criteria for medium units by enhancing the investment and turnover limits to up to ₹50 crore and ₹200 crore respectively.

About: As per the revised definition, any firm with investment up to ₹1 crore and turnover under ₹5 crore will be classified as “micro”. A company with investment up to ₹10 crore and turnover up to ₹50 crore will be classified as “small” and a firm with investment up to ₹20 crore and turnover under ₹100 crore will be classified as “medium”. The previous criteria for classifying enterprises in the “medium” category was investment up to ₹10 crore and turnover of up to ₹5 crore. Source : The Hindu ( Economy ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy Govt launches National Test Abhyas mobile app for candidates to take mock tests for JEE Main and NEET Union Human Resource Development (HRD) Minister launched a new mobile app called the ‘National Test Abhyas'.

About: The AI-powered mobile App has been developed by National Testing Agency (NTA) to enable candidates to take mock tests for upcoming exams such as JEE Main, NEET under the NTA’s purview. The app has been launched to facilitate candidates’ access to high quality mock tests in their homes since there was a demand for making up the loss to students due to closure of educational institutions and NTA’s Test-Practice Centers (TPCs) due to the continuing lockdown. Source : PIB ( Education ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy mRNA-1273 US stock markets went soaring on the back of promising results from mRNA-1273 vaccine against novel coronavirus disease (Covid-19) developed by US pharmaceutical company Moderna.

About: mRNA-1273 is the working name of Moderna’s vaccine, which is currently in Phase 1 clinical trials under the aegis of the US National Institute of Allergy and Infectious Diseases (NIAID). The mRNA in the name means messenger RNA, which carries the genetic formula for the coding of a specific protein. In this vaccine, the particular mRNA used codes for the most distinguishing feature of the SARS-CoV2 — the spike protein — which is also the appendage that the virus uses to enter the cell and replicate. The vaccine, when injected into a person, codes for the spike protein. Thus even without the introduction of an attenuated (recognisable but not harmful) virus into the body, the body learns what the virus looks like and arms itself with the antibodies that are required to act against it. Source : Indian Express ( Health ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy India resumes purchase of Malaysian palm oil: Report Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices.

About: The renewed purchases come amid improving trade relations between the two countries after the formation of a new government in Kuala Lumpur, with Malaysia signing a deal last week to buy a record 100,000 tonnes of Indian rice. Leading Indian importers last week contracted up to 200,000 tonnes of crude palm oil from Malaysia, the world’s No.2 producer after Indonesia, to be shipped in June and July. A restart to buying by India, the world’s biggest edible oil importer, could further support Malaysian palm oil prices. India buys more than 9 million tonnes of palm oil a year, accounting for nearly two-thirds of its total edible oil imports, and took a record 4.4 million tonnes of Malaysian palm oil in 2019. Source : Times of India ( Economy ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy EMPLOYEES PROVIDENT FUND (EPF) Government has notified cut in Employees Provident Fund (EPF) contribution to 10% for May, June, July.

About: The Centre has notified the reduction in statutory rate of contributions from 12 per cent to 10 per cent for wage months period from May to July, 2020 for all class of establishments covered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952 . Reduction in rate of EPF contributions from 12 per cent to 10 percent of basic wages and Dearness allowances is intended to benefit both 4.3 Crore employees. As a result of reduction in statutory rate of contributions, the employee will have a higher take home pay. Important Info : Exemptions? This reduction of rate of contribution is not applicable to establishments like Central and State Public Sector enterprises or any other establishment owned or controlled by or under control of the Central or State Government.The reduced rate is also not applicable for Pradhan Mantri Garib Kalyan Yojana-PMGKY beneficiaries. Source : All India Radio ( Economy ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy WAG12 The Indian Railways has operationalised its first 12,000 hp electric locomotive manufactured locally by French rolling stock manufacturer Alstom. The loco is named WAG12 with Number 60027.

About: The locomotive made its maiden commercial run between Deen Dayal Upadhyaya Station to Shivpur. India became the sixth country in the world to join the club of countries producing high horsepower locomotive indigenously. It has been manufactured at the Madhepura Electric Locomotive Pvt. Ltd. (MELPL), in Bihar, which is a joint venture between the French major and the Indian railways holding an equity share of 74% and 26% respectively. The joint venture remains the largest Foreign Direct Investment in the railways sector. Entry of WAG 12B (e-loco) into the Indian Railways fleet will allow faster and safer movement of heavier freight trains capable to haul around 6000 tonnes at a top speed of 120 kmph. It is the first time, high horse power locomotive has been operationalised on broad gauge track in the world. Source : Economic Times ( Economy ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy 73rd WORLD HEALTH ASSEMBLY Dr. Harsh Vardhan, Union Minister of Health participated in the 73rd World Health Assembly (WHA) through Video Conference.

About: The World Health Assembly is the decision-making body of World Health Organization (WHO). It is attended by delegations from all WHO Member States and focuses on a specific health agenda prepared by the Executive Board. The main functions of the World Health Assembly are to determine the policies of the Organization, appoint the Director-General, supervise financial policies, and review and approve the proposed programme budget. The Health Assembly is held annually in Geneva, Switzerland. Important Info : At the assembly, more than 100 countries including India backed a resolution drafted by the European Union calling for an independent inquiry into the pandemic, which has claimed more than 3 lakh lives globally so far. Source : PIB ( International ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy WORLD BEE DAY 2020 World Bee Day 2020 is being celebated on May 20 under the theme “Save the Bees.”

About: To raise awareness of the importance of Bees and other pollinators, such as butterflies, bats and hummingbirds, the threats they face and their contribution to sustainable development, the UN designated 20 May as World Bee Day. Why 20 May? 20 May coincides with the birthday of Anton Janša, who in the 18th century pioneered modern beekeeping techniques in his native Slovenia and praised the bees for their ability to work so hard, while needing so little attention. Important Info : Recognizing the dimensions of the pollination crisis and its links to biodiversity and human livelihoods, the Convention on Biological Diversity has made the conservation and sustainable use of pollinators a priority.In 2000, the International Pollinator Initiative (IPI) was established at the Fifth Conference of Parties (COP V) as a cross-cutting initiative to promote the sustainable use of pollinators in agriculture and related ecosystems. Source : United Nations ( Environment ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy NEPAL-INDIA BORDER DISPUTE The Nepal government has decided it will release a new, updated political map which will include the disputed areas of Lipulekh, Kalapani and Limpiyadhura as part of Nepali territory.

About: This comes after the Indian defence ministry recently inaugurated a link road to the China border that passes through Lipulekh. The Kalapani territory is an area under Indian administration as part of Pithoragarh district in the Uttarakhand state. Following the road inauguration, the Nepal government released a press note stating that the eastern area from Mahakali River belongs to Nepal as per the Sugauli Treaty, 1816. But the Indian government said that it had constructed the road in its own territory. A few days later, the Indian Army chief General M.M. Naravane accused Nepal of acting ‘at the behest of someone else,’ a thinly veiled reference to China. Source : The Wire ( International ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy SOLAR MINIMUM The sun is said to have gone into a state called the 'solar minimum' and is about to enter the deepest period of 'sunshine recession' as sunspots are virtually not visibly at all. Some reports suggest that it has been almost 100 days this year when the sun has shown zero sunspots.

About: Sun has a cycle that lasts on average 11 years, and right now we are at the peak of that cycle. Every 11 years or so, sunspots fade away, bringing a period of relative calm. This is called the solar minimum. And it’s a regular part of the sunspot cycle. While intense activity such as sunspots and solar flares subside during solar minimum, that doesn’t mean the sun becomes dull. Solar activity simply changes form. For instance, during solar minimum we can see the development of long-lived coronal holes. This may cause health risks to astronauts travelling through space as "the sun’s magnetic field weakens and provides less shielding from these cosmic rays. Source : Times Now ( Science & Technology ) Read UPSC Current affairs and Daily News Analysis from Best IAS Academy in Bangalore Vignan IAS Academy Daily Current affairs and News Analysis Best IAS Coaching institutes in Bangalore Vignan IAS Academy Contact Vignan IAS Academy Enroll For IAS Foundation Course from Best IFS Academy in Bangalore Read the full article

#BestIASAcademyinBangalore #bestiascoachingcentreinbangalore #bestiascoachinginbangalore #bestupsccoachinginbangalore #BestUPSCCoaching

0 notes