Daily Current Affairs - 24th May 2020

American tennis player Jamie Hampton announces retirement

  • American tennis player Jamie Hampton has proclaimed that she is taking retirement from the professional tennis.
  • Former World Top 25 player played her last official match 6 yrs ago when she was ranked 24th in the world. The right hander player then suffered numerous injuries and was unable to play against Venus Williams in the semi finals of ASB Classic in Auckland in 2014.
  • She won five International Tennis Federation titles during her professional tennis career.

Andhra Pradesh launches mega restart package for MSMEs

  • Andhra Pradesh (AP)’s Chief Minister (CM) Y.S. Jagan Mohan Reddy has launched Rs 1,110 crores ‘ReStart’ a new programme to support & boost the Micro, Small and Medium Enterprise (MSME) sector in the State.
  • The government will be immediately releasing Rs 450 crore as the first installment which would benefit nearly 98,000 units. These units employ more than 10 lakh people who were facing hardships due to the lockdown.

Antarctic Impulsive Transient Antenna (ANTIA) finds high energy particles from ice

  • The NASA researchers have found high energy particles erupting from ice in the Antarctic region. The researchers believe that these particles are proof to parallel universe.
  • The ANTIA is high-energy cosmic neutrino that detect radio pulses that are being emitted by Antarctic ice sheet. The neutrinos in the ice produce radio pulses due to Askaryan effect.
  • The ANTIA instrument detect cosmic-ray neutrinos through a scientific ballon that is flying in the region of Antarctica. It is the first NASA observatory of neutrinos.

Australian tennis player Ashley Cooper passes away at 83

  • Former No. 1-ranked player and Australian tennis star Ashley Cooper passed away. He was among a group of players including Lew Hoad, Frank Sedgman and Ken Rosewall who ruled the world in tennis during the period of 1950s to 1970s. His career concluded in 1959 after suffering from a back injury.
  • Ashley Cooper won four Grand Slam singles titles including the Australian, Wimbledon and U.S. championships in 1958. He was also the administrator of the game for a long period.

Commonwealth Day in India: May 24

  • The Commonwealth Day is celebrated on May 24 of every year. This day is celebrated by all the countries that were once under the reign of the British Empire, Commonwealth Day is celebrated on the birth date of Queen Victoria, who was born on May 24, 1819.
  • Commonwealth Day is celebrated on different dates across the world. UK, Australia and Canada celebrate the day on the second Monday of March. On the other hand, India, along with countries like Belize celebrate Commonwealth Day on May 24.
  • Commonwealth Day 2020 theme is ‘Delivering a Common Future’.

Enrolments in ESIC Social Security Scheme increases to 821,000

  • The 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). According to the data the subscribers to the scheme in 2018-19 were 14.9 million and it increased to 38.3 million in March 2020.
  • The NSO report issues data of several social security schemes such as PFRDA, EPFO. This is being done since 2018 covering the period 2017-18.

ICMR to replace HCQ with anti-HIV drug; Kangra Tea Suggested

  • The Indian Council of Medical Research recently revised its advisories on Hydroxychloroquine. The Council is considering replacing the drug with anti-HIV drugs.
  • The HCQ drug was recommended for asymptomatic health care workers. However, the ineffectiveness and side effects of the drug is making the council look into alternatives.
  • The anti-HIV drugs are being recommended to replace HCQ. Apart from these drugs, the Kangra Tea has also been suggested.
  • Kangra Tea is a tea variety from Kangra district of Himachal Pradesh. The tea received GI tag in 2005.

India: The Second Largest Manufacturer of PPE in the world

  • India became the second largest producer of Personal Protective Equipment in the world. China is the leading producer of PPE in the world.
  • India is now producing 2.06 lakh PPE kits every day. This is the maximum capacity of the country. On an average, India produces 1 lakh kits. A PPE kit consists of shoe cover, gloves, eye shield, mask and gown. The data was provided by the Ministry of Health.
  • In January 2020, India had 2.75 lakh PPE kits and they were then being imported. Today India has more than 15.96 lakh PPE kits as stock buffer.

International Day to End Obstetric Fistula: 23 May

  • The United Nations observes International Day to End Obstetric Fistula on 23 May every year. The day is being observed to significantly raise awareness and intensify actions towards ending obstetric fistula, as well as urging post-surgery follow-up and tracking of fistula patients. Obstetric fistula is one of the most serious and tragic injuries that can occur during childbirth.
  • The theme for International Day to End Obstetric Fistula 2020 is “End gender inequality! End health inequities! End Fistula now!”.

IRDAI panel for enhancing trade credit policy cover limit

  • A working group of insurance regulator IRDAI that revisited guidelines on Trade Credit Insurance (TCI) has recommended an increase in the indemnity provided to the policyholders from existing 85% of the trade receivables from each buyer to 90%.
  • While this will be for all the policyholders, for micro and small enterprises (MSEs) alone it has proposed a 95% cover for losses resulting from political risk.
  • The committee also recommended creation of a Buyer Default Database with Insurance Information Bureau (IIB) as a measure to keep a check on defaulters.

Jahnabi Phookan appointed as National President of FICCI FLO

  • Jahnabi Phookan was appointed as the 37th National President of Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organization (FLO).
  • She took over the position from Harjinder Kaur Talwar at the 36th FLO session in the presence of Om Birla, Lok Sabha Speaker. She was the founder member and founder Vice Chairperson of FLO North East chapter in 2007.

Naomi Osaka becomes world’s highest-paid female athlete

  • Japanese tennis star Naomi Osaka has become the highest paid female athlete in the world, topping American great Serena Williams.
  • According to the Forbes magazine, Osaka earned $37.4 million in the last 12 months from prize money and endorsements, $1.4 million more than Williams, setting an all-time earnings record for a female athlete in a single year. Maria Sharapova previously held the record with $29.7 million in 2015.
  • Osaka, the winner of 2018 US Open and 2019 Australian Open, has secured lucrative deals with global brands like Procter & Gamble, All Nippon Airways and Nissin.

Status Paper on Government Debt released

  • The Ministry of Finance released Status Paper on Government Debt 2018-19. According to the report, the overall debt of centres and states declined by 68.7% in March 2018 to 68.6% in 2019.
  • The Status Paper on Government Debt is being produced by the Ministry of Finance since 2010. Current debt of India stands at Rs 1.3 crore crore.
  • The Average Interest Cost of the centre remained unchanged in the year 2018 to 2019. Around 94% of centre’s liabilities were of domestic debts. The tenure of the longest security was 37 years.

World Steel report: India’s steel output declined by 65%

  • The World Steel Association released the World Steel Report. According to the report, the crude steel output of India declined by 65%. During April 2020, the steel output of India was 3.13 million tonnes.
  • In April 2019, according to the report, India produced 9.02 million tonnes. In March 2020, India faced a decline of 14% steel output as compared to March 2019. The report also says that the global steel output declined by 13%.
  • 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 s steel production declined by 8.4%.

World Turtle Day: 23 May

  • World Turtle Day is being celebrated every year on 23 May every year by American Tortoise Rescue, a nonprofit organization. The day was created as an annual observance to help people celebrate and protect turtles and tortoises as well as their disappearing habitats around the world. The day was celebrated for the first time in year 2000.