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The Hindu Newspaper 05th April 2020

1) According to Economic Survey 2019-20, arrange in the descending order, India’s top five imports.
1. Gold
2. Petroleum Products
3. Crude Petroleum
4. Coal
5. Coke and briquettes
Select the correct answer code:
a) 1-3-4-2-5
b) 3-1-2-4-5
c) 1-2-1-4-5
d) 1-2-3-4-5

2)According to Economic Survey 2019-20, arrange in the decreasing order, India’s top five exports.
1. Gold and precious metals
2. Drug formulations and biologicals
3. Petroleum products
4. precious stones
5. Iron and steel
Select the correct answer code:
a) 1-2-3-4-5
b) 3-4-2-1-5
c) 4-3-2-1-5
d) 3-4-1-2-3

3)‘United for Biodiversity’ coalition, recently seen in news is the initiative of
a) UN Environment
b) World Bank
c) Intergovernmental Panel on Climate Change (IPCC)
d) European Commission (EC)

MAP of the Day :-

Baltic Sea Countries :- 

  • The countries that have shorelines along the Baltic Sea: Denmark, Estonia, Latvia, Finland, Germany, Lithuania, Poland, Russia, and Sweden.
  • The group of countries presently referred to by the shorthand Baltic states: Estonia, Latvia, and Lithuania.

1) News:- 42% of patients between 21 & 40 years

About 42% of those confirmed positive for COVID19in India are between the agesof 2140 years old, the Union Health Ministry said on Saturday, for the first time throwing light on the demography of the disease in India. Only 17% of those testing positive were over 60.

2)India Meteorological Department:- 

The India Meteorological Department (IMD) is an agency of the Ministry of Earth Sciences of the Government of India.

It is the principal agency responsible for meteorological observations, weather forecasting and seismology.

IMD is headquartered in Delhi and operates hundreds of observation stations across India and Antarctica. Regional offices are at Mumbai, Kolkata, Nagpur and Pune.

Formed in 1875.

3)Novel coronavirus can be transmitted even before symptoms show up:-

The existence of pre-symptomatic or asymptomatic transmission makes contact tracing more challenging.

4) Important Issue :- Bounty from oil plunge

Central question:- Why has India reacted to decliningglobal crude prices by raising excise duties?

So what has happened is that we know that oil prices have gone down at the global level but in India that price down is not reflected in the Prices of Diesel and Petrol.

This is because govt. Increased Excise duty.

Why the excise duty hike?Even before the virus induced lockdown paralysed the economy, the government had been battling a fiscal deficit problem.

Reasons:-The nearly four year old Goods and Services Tax has not immediately yielded robust collections;

consumer demand has fallen and there have been calls to put more money in the hands of the consumer, fuelling expectation of a tax cut.

The Centre could not afford a blanket cut in income tax rates but it did offer taxpayers the option of moving to a lower tax slab without deductions or rebates.

With international oil prices declining, the{government has used the opportunity to keep end user fuel prices stable while increasing its own prospects for collection.

So govt. Wanted to use this Oil price drop as an opportunity to make windfall gain( by increasing the Excise duty and thus keeping it’s collection at the same level).

With consumer inflation being largely influenced by poorer supply of specific food items, and not necessarily by rising fuel prices, the government has chosen to keep Indian enduser fuel prices stable with higher taxes to augment its otherwise emaciated kitty.

5)Why must COVID-19 clusters be identified? 

What is a disease cluster?A disease cluster is defined as “an aggregation of cases in an identifiable sub-population.” Dr. Daniel Wartenberg, coined this definition.

The word ‘cases’ in the definition stands for people with similar symptoms or a medical condition and ‘sub-population’ points to those who share or belong to the samespace, time, family, workplaces, etc.

Reports show that the novel coronavirus can travelabout six-feet from a diseased person and cause infection between two and four individuals.

All patients who belong to a disease cluster need not have shared space and time.

What are the challenges after identifying a cluster?Discovering a cluster is akin to a fire alarm going off.

Every moment wasted will spread the fire further. The faster the infected individuals are identified and quarantined, the lesser the number of future contacts.

In the Part B of Graphic above attached :- 

Part B of the graphicshows detailed activity trails of all the primary, secondary and tertiary contacts.

Such mapping also helps in calculating the time taken by each individual to show symptoms, or to be declared as suffering from COVID-19, from the time he or she was infected. This information impacts how future cases are handled.

6)IRDAI:-

IRDA is an apex statutory body that regulates and develops insurance industry in India.

It was constituted as per provisions of Insurance Regulatory and Development Authority Act, 1999.

Its headquarter is in Hyderabad.

Functions of IRDA:-

  • Protect the rights of insurance policy holders.
  • Provide registration certification to life insurance companies
  • Renew, modify, cancel or suspend this registration certificate as and when appropriate; promote efficiency in conduct of insurance business
  • Promote and regulate professional organisations connected with insurance and reinsurance business; regulate investment of funds by insurance companies
  • Adjudication of disputes between insurers and intermediaries or insurance intermediaries.

 

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