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#Economy_Current #PT2020

1. V Kamath Committee

- constituted by the RBI
- to make recommendations on norms for the resolution of COVID-19 related stressed loans.

2. Kavkaz 2020

- It is the Russian strategic command-post exercise.
- India will take part in the exercise next month.
#Economy_Current #PT2020

Business confidence index

- By National Council for Applied Economic Research (NCAER) 
- on a quarterly basis since 1991

- It tracks the business sentiments of around 600 Indian companies to compute the composite index.

- It stood at 46.4 in the first quarter of 2020-21, a drop of 40.1 per cent from its level of 77.4 in the previous quarter.

- It fell 62 per cent in the June 2020 quarter on a year-on-year (y-o-y) basis,
#IR_InNews #PT2020

Gulf Cooperation Council

It is a political and economic alliance in the Arabian Peninsula.

established in 1981

Aim - to foster socioeconomic, security, and cultural cooperation.

Members: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).

News
Recently, GCC has backed United Nations Security Council's (UNSC) arms embargo on Iran.
Quit India Movement

News
On 8th Aug 2020, India completed 78 years of Quit India Movement.

Taking inspiration from the QIM, the Prime Minister gave a new slogan of "slogan karenge aur karake rahenge" in place of Gandhi’s "slogan of karo ya maro" (Do or Die).
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#Govt_Initiative #PT2020

SURAKHSYA

- Launched by the Ministry of Environment

- Its a National Portal on Human Elephant conflict.

- Aim - to collect real time information and manage conflicts on real time basis.
#PT2020 #SnT_Currents

E-Sanjeevani Platform

- Telemedicine Platform
- It facilitates doctor-to-doctor and patient-to-doctor tele-consultations.
#PT2020 #Govt_Initiative

Gandagi Mukt Bharat:

- a week-long campaign for ‘swachhata’ in the run-up to Independence Day.

- During this week, each day till August 15 will have special ‘swachhata’ initiatives in urban and rural India.
#PT2020 #Geography_Current #2MinRead

Mount Sinabung Volcano

- Location - Sumatra Island, Indonesia - Recently, It erupted.
- had been inactive for centuries together but it first erupted recently in 2010. 

Types of Volcanoes

1. Active volcano
- had at least one eruption during the past 10000 years.

2. Erupting volcano
- should be erupting all the time, a

3. Dormant volcano
not erupting but might erupt again in future.
#Geography_Current #PT2020

Pacific Ring of Fire

- It is an area near the Pacific Ocean where most of the volcanic eruptions in the world take place.
- also known as circum-Pacific belt

- It is home to around 450 volcanoes including three of world’s four most active volcanoes
1. Mount St. Helens (USA)
2. Mount Fuji in Japan
3. Mount Pinatubo in the Philippines.
#Polity_Basics #PT2020 #2MinRead

Lok Adalats

- to settle dispute through conciliation and compromise.
- First Lok Adalat in 1982(Gujarat)
- accepts the cases pending in the regular courts within their jurisdiction

- presided over by a sitting or retired judicial officer
- Members - a lawyer and a social worker.

Main condition - both parties in dispute should agree for settlement.
- No court fee.
- The procedural laws are not strictly followed

- The decision is binding on the parties and its order is capable of execution through legal process.
- No appeal lies against the order of the Lok Adalat.
#IR_Basics #PT2020

International North-South Transport Corridor (INSTC)

- It is a multi modal transportation corridor.
- Established in 2000 by Iran, Russia and India

- Purpose - promoting transportation cooperation among the Member States.

- Connects India Ocean and Persian Gulf to the Caspian Sea, and Baltic sea

- New Members included
Azerbaijan, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Ukraine, Belarus, Oman, Syria, Bulgaria (Observer).
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#SnT_Currents #PT2020

Sputnik V

-It is a new coronavirus vaccine launched by Russia.

- world’s first such vaccine.

- It is named Sputnik V, as a reference to the first orbital satellite, launched by the Soviet Union in 1957.
#SnT_Currents #PT2020 #2MinRead

SpaceX Starshipis

- It's a reusable transportation system for crew and cargo to the Earth’s orbit, Moon and Mars.

- under development by SpaceX since 2012
- self-funded private spaceflight project.

- It can ferry both cargo and crew.

News - Recently, its prototype completed its first test flight to 500 feet in about 60 sec.
#Environment_Current #PT2020

Papum Reserve Forest

- in Arunachal Pradesh.
- surrounded by Itanagar Wildlife Sanctuary to the east and Pakke Wildlife Sanctuary to the west.

- It is a part of the Indo-Burma Biodiversity hotspot in India.
- It forms part of the Eastern Himalayas Endemic Bird Area.

4- Biodiversity Hostpots in India
- Himalaya
- Indo-Burma
- Sundalands (Nicobar islands)
- Western Ghats.
#SnT_Currents #PT2020

SFTS virus

- Severe fever with thrombocytopenia syndrome virus (SFTSV) 
- belongs to Bunyavirus family
- transmitted to humans through tick bites.
- First identified by in China over a decade ago.

Spread
- An Asian tick Haemaphysalis longicornis is the primary vector(carrier) of the virus.
- Its transmitted to humans from animals like goats, cattle, deer and sheep.

Symptoms
- incubation period 7-13 days
- fever, fatigue, chill, headache, lymphadenopathy, anorexia, nausea, myalgia, diarrhea, vomiting, abdominal pain, gingival hemorrhage, conjunctival congestion, and so on.

Treatment
antiviral drug Ribavirin is known to be effective in treating the illness.