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The Hindu Newspaper 10th april 2020

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1) Krishna Raja Sagara’ is built on which of the following rivers?

  1. Cauvery
  2. Krishna
  3. Mahanadi
  4. Tapi

2)Consider the following statements with respect to ‘National Tiger Conservation Authority (NTCA)’

  1. It is a statutory body of the Ministry, with an overarching supervisory/coordination role, performing functions as provided in the Wildlife (Protection) Act, 1972.
  2. It is set up under the Chairmanship of the Minister for Environment and Forests
  3. It consulta tiger census every 5 years.

Select the correct statements 

  1. 1 ,2 Only
  2. 2 Only
  3. 1 and 3 only
  4. 1, 2 and 3

3)KAGRA’, is a Gravitational Wave Detector located in

  1. India
  2. Japan
  3. China
  4. South Africa

4)Dard Aryan Tribe, which is in news recently, is from which state/UT?

[A] Arunachal Pradesh
[B] J&K (now Laddakh)
[C] Jharkhand
[D] Himachal Pradesh

5)Which country has gifted Manipur a Museum of Peace built on the memories of Battle of Imphal?

[A] Germany
[B] Japan
[C] France
[D] Poland

Map of the Day :-  GCC

GCC is a regional intergovernmental political and economic union consisting of all Arab states of the Arabian Gulf except Iraq, namely: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

The Charter of the GCC was signed on 25 May 1981, formally establishing the institution.

 

News:- No significant rate of increase in COVID-19 positive cases: ICMR

The Indian Council of Medical Research (ICMR), the apex body in India for the formulation, coordination and promotion of biomedical research, is one of the oldest and largest medical research bodies in the world.

The ICMR is funded by the Government of India through the Department of Health Research, Ministry of Health and Family Welfare.

Formed :- 1911 (as IRFA); 1949 (renamed to ICMR)

2) Kejriwal launches ‘Operation SHIELD’ against COVID-19

The Delhi government will carry out ‘Operation SHIELD’ at 21 locations identified as containment zones in theCapital.

‘Operation SHIELD’,which includes sealing, identifying and quarantining people in containment zones, doorstep delivery of essential items and door-to-door checking of people in those areas.

3)Kerala gets nod for trial of plasma therapy

What happens is that when people recover from a viral disease that means their antibodies have won over the foreign body.

Thus if that antibody from recovered person is transferred to a sick person , the antibodies will recognise the foreign body and again fight against the same. This is the therapy.

Editorial of the Day :-

A time for extraordinary action

First the author has discussed a methodology yo determine the loss because of the Covid-19 and Lockdown

Methodology  is based on the technique of input-output (IO) models, first elaborated by the economist Wassily Leontief.

Such models provide detailed sector-wise information of output and consumption in different sectors of the economy and their interlinkages, along with thesum total of wages, profits, savings, and expenditures in each sector and by each section of final consumers (households, government, etc.).

How to Calculate the Losses : -To calculate the impact of the lockdown, we proceed by constructing four different scenarios of the number of work days lost indifferent sectors. Loss will be calculated by determining the decline in GDP output.

What are the losses as per Author:- As per author loss of GDP ranges from ₹17 lakh crore (7% of GDP) in the most conservative scenario, where theaverage number of output days lost is only 13, to ₹73 lakh crore(33% of GDP) in the most impactful scenario, where the number of days of lost output averages 67.

Measures Needed :-

  • There is a need to compensate and pumpcash into the hands of not only wage workers in the formal and informal sectors, and also into the livelihood activities of the informal sector, but businesses too need to be primed with handouts in the case of small and medium enterprises, and with a variety of concessions even in the case of larger businesses.
  • It is critical to preserve the productive capacities of the Indian economy across the board.
  • The annual budget of the currentyear, already passed, clearly can not cope with such a massive effort and needs to be revisited by suitable parliamentary measures.

Overall author says :- An unprecedented scale of state investment is required to lift up the Indian economy.

Editorial 2 :A double whammy for India-Gulf economic ties

Impact of Covid – 19 on Gulf Countries :- A Goldman Sachs report published estimated that COVID-19 had lowered the world crude consumption by 28 million bpd.

Heads of OPEC and the International Energy Agency (IEA) warned that developing countries’ oil and gas revenues will decline by 50% to 85% in 2020 with potentially far reaching economic and social consequences.

The economic outlook for the Gulf has indeed deteriorated, with Saudi Arabia’s fiscal deficit expected to cross 8% in 2020.

India’s economic ties with the Gulf states have two dominant verticals:

  • the economic symbiosis and
  • India’s expatriate community

The Gulf’s lower oil revenues also presage decreased bilateral trade and investments(Since the oil import bill has decreased) as well as expatriates’ remittances — all of them adding to India’s current financial stress.

Way forward for India Gulf ties:-

In the longer run, it is quite clear that we need to find new drivers for the India Gulf synergy.

This search could begin with cooperation in healthcare and gradually extend outward towards pharmaceutical research and production, petrochemical complexes, building infrastructure in India and in third countries, agriculture, education and skilling as well as the economic activities in bilateral free zones created along our Arabian Sea coast eventually leading to an India Gulf Cooperation Council Free Trade Area.

Friday OPED Discussion:-

Will COVID-19 affect the course of globalisation?

The process of globalisation was already in retreat and last year, the term ‘slowbalisation’ was being used.

World trade had never really recovered since the global financialcrisis — from a 10% growth,

it had been hovering around 1%-2%. Add to that the trade wars and the WTO talks process coming to a grinding halt.

Now, with this pandemic, there is another recognition of the vulnerability that global economic interdependence creates.

Countries will reconfigure their economies to look at import substitution with a greater clarity now, asthe perils and pitfalls of over dependence on foreign supplies become clear. Import substitution, that had become a bad word, may be back incurrency.

7)Prasar Bharati:-

Prasar Bharati:-Prasar Bharati is a statutory autonomous body established under the Prasar Bharati Act and came into existence on 23.11.1997.

It is the Public Service Broadcaster of the country.

The objectives of public service broadcasting are achieved in terms of Prasar Bharati Act through All India Radio and Doordarshan.

All India Radio (AIR), officially known since 1956 as Ākāshvāṇī, is the national public radio broadcaster of India and a division of Prasar Bharati.

Doordarshan is Government of India founded public service broadcaster which is owned by the Broadcasting Ministry of India and is one of two divisions of Prasar Bharati.

It is one of India’s largest broadcasting organisations in terms of studio and transmitter infrastructure, having been established on 15 September 1959.

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