Daily Current Affairs - 03rd Aug 2020

11 Women entrepreneurs awarded by Women Entrepreneurship and Empowerment cohort

  • The Women Entrepreneurship and Empowerment, WEE cohort initiative helps women ranging from college going students to middle-aged housewives to take up entrepreneurship as a viable, fulfilling career option.
  • It is India’s first of its kind initiative to strengthen women's ecosystem at IIT Delhi, supported and sponsored by the Department of Science and Technology. The cash awards in the form of a grant totalling Rs 25 lakh have been presented to 11 Women entrepreneurs.

Aviation security regulator BCAS issues guidelines for drone operating systems

  • Aviation security regulator BCAS has issued guidelines for drone operating systems, which act like cockpits on the ground to remotely pilot the unmanned aerial vehicle.
  • The BCAS has listed out rules that should be followed for cyber security, storage facility, training and background check of staff for drone operating systems or remotely piloted aircraft systems.

Bangladesh to construct modern food storage system with USD 202 million World Bank financial support

  • Bangladesh will be constructing five modern food storage systems in the country in addition to the three already under construction with financing support from the World Bank to enhance the storage capacity and improve the efficiency of grain storage.
  • The World Bank has approved a dollar 202 million additional financing for the modern food storage facilities project in Bangladesh.

BCCI issues SOPs for resuming domestic cricket activities

  • Board of Control for Cricket in India (BCCI) has issued SOPs to all state associations for resuming domestic cricket activities. BCCI issued the Standard Operating Procedures with the clarification that training will only resume subject to getting approval from the local administration.
  • According to the BCCI guidelines, the players will have to sign the form acknowledging the risks involved with training resumption amid the COVID-19 pandemic. Support staff, officials and ground staff over 60 years of age and with individuals with underlying medical conditions are barred from attending training camps until suitable guidelines are issued by the Government, as per the SOP.

Credit guarantee extended to larger firms, self-employed

  • The Centre has expanded its credit guarantee scheme for micro, small and medium enterprises (MSMEs) to cover loans given to larger firms, as well as to self-employed people and professionals who have taken loans for business purposes.
  • The Emergency Credit Line Guarantee Scheme was rolled out in May as part of the Centre’s Aatmanirbhar package in response to the COVID-19 crisis. It has a corpus of Rs.41,600 crore and provides fully guaranteed additional funding of up to Rs.3 lakh crore.

DCGI gives permission to Serum Institute of India to conduct phase 2 and 3 human clinical trial of Corona vaccine developed by Oxford university

  • Drugs Controller General of India (DCGI) has given nod to the Serum Institute of India (SII) to conduct phase 2 and 3 human clinical trials of COVID-19 vaccine developed by Oxford University.
  • The expert panel at the Central Drugs Standard Control Organisation (CDSCO) had recommended granting permission for phase 2 and 3 clinical trials of the vaccine - Covishield on healthy adults in India.

Deadlocked WTO fails to agree on appointing interim head

  • The beleaguered World Trade Organization said its members failed to agree on appointing one of the four deputy directors-general as an interim chief -- underlining the deadlock in the institution.
  • Already engulfed in multiple crises, the WTO could be left with nobody at the helm if the global trade body fails to find a replacement before Director-General Roberto Azevedo steps down at the end of August.

Dipankar Ghose, PARI win Prem Bhatia award for outstanding journalism

  • Indian Express reporter Dipankar Ghose and People’s Archive of Rural India, a non-profit journalism website dedicated to reporting on rural India, has won this year’s Prem Bhatia award for outstanding journalism.
  • Mr. Ghose has been given the award for his coverage of the migrant labour crisis and other COVID-19-related issues. The People’s Archive of Rural India (PARI), a non-profit journalism website dedicated to reporting on rural India, has been awarded for its extensive field reporting, including its reporting on the effects of climate change and the impact of the pandemic on rural India.

Dr Harsh Vardhan launched 'Vidyarthi Vigyan Manthan 2020-21

  • Health and Family Welfare Minister Dr Harsh Vardhan launched 'Vidyarthi Vigyan Manthan, 2020-21. This initiative is a national programme for popularizing science among school students of Class 6th to 11th.
  • It was designed to identify the bright minds with a scientific aptitude among the student community.

Govt. notifies e-invoicing for companies with Rs 500-crore turnover

  • The government has notified an e-invoicing system under the Goods and Services Tax regime which makes it compulsory for the large-scale businesses with a turnover of more than Rs 500 crore to submit the invoices on electronic mode only.
  • The e-invoicing mechanism would also help business and taxpayers by pre-populating the returns, resulting in reducing reconciliation problems.

ICMR plans to set up registry of hospitalised patients

  • The ICMR in collaboration with the Health Ministry and the AIIMS is planning to set up the National Clinical Registry which will help researchers and policy makers understand effectiveness of investigational therapies, adverse effects taking place and generate evidence for improving the treatment of COVID-19 patients.
  • The 15 institutions would be the registry sites and would be mentoring around 100 COVID-19 hospitals which would be called satellite centres from where the data would be collected as part of the exercise.

India, Israel Conducting Trials for Rapid Testing That Detects COVID in 30 Seconds

  • Israel and India are conducting trials in New Delhi on a large sample of patients for four different kinds of technologies that have the potential to detect COVID-19 in about 30 seconds, including a breath analyser and a voice test.
  • The rapid testing is being jointly developed in cooperation with the Defence Research and Development Directorate of the Israeli Ministry of Defence, India's Defence Research and Development Organisation, Council of Scientific and Industrial Research and Principal Scientific Advisor, India -- coordinated by the ministries of foreign affairs of Israel and India.

IPL 2020 to be played from September 19 to November 10 this year

  • IPL 2020 will be played from September 19 to November 10 this year. The decision to this effect was taken at a virtual meeting of the IPL Governing Council.
  • The meeting was organised to give a final shape to the schedule and discuss other arrangements for the event to be held in the UAE this year. Women’s T20 Challenge will also take place in the UAE and will comprise three teams with four matches to be played during the IPL Playoff week.

Khadi Agarbatti Atma Nirbhar Mission approved by Govt. to generate employment and make India self-reliant in agarbatti production

  • MSME Minister Nitin Gadkari has approved a unique employment generation program proposed by Khadi and Village Industries Commission, KVIC to make India Atma Nirbhar in Agarbatti production. The program named as Khadi Agarbatti Atma Nirbhar Mission aims at creating employment for unemployed and migrant workers in different parts of the country.
  • Under the scheme, KVIC will provide Automatic Agarbatti making machines and powder mixing machines to the artisans through the successful private Agarbatti manufacturers who will sign the agreement as business partners.

Lewis Hamilton wins British Grand Prix 2020

  • Mercedes driver, Lewis Hamilton has won the Formula One British Grand Prix 2020 held at the Silverstone Circuit, United Kingdom. Max Verstappen (Red bull) ended up second in this F1 race while Charles Leclerc (Ferrari) came third.

Listed entities get 3 years to meet criteria of minimum 25% public shareholding

  • The government has notified changes in the Securities Contracts (Regulation) Rules, 1957, providing more time to listed entities to meet criteria of minimum public shareholding of 25 per cent.
  • Once a company is listed, its promoters are required to bring down their shareholding down to 75 per cent within the stipulated minimum shareholding period so as to meet minimum public float of 25 per cent.

Samsung, Foxconn, 20 others apply under incentive scheme

  • The government said that a total of 22 companies, including Samsung, Apple’s three contract manufacturers Foxconn, Pegatron and Wistron, Lava and Micromax, have filed applications under the Production-Linked Incentive (PLI) scheme that aims to boost local manufacturing of mobile phones and components.
  • The PLI scheme, which has a budgetary outlay of Rs.40,995 crore for five years and notified on April 1, 2020, offers an incentive of 4% to 6% on incremental sales of goods manufactured in India.