Questions of the Day :-
Consider the following statements with respect to ‘Adjusted Gross Revenue (AGR)’
- Telecom operators pay 2% of the AGR as licence fee.
- It includes all revenue earned by an operator, including that from non-core telecom operations.
Select the correct statements
a) 1 Only (incorrect since Licence Fee is 8% of AGR)
b) 2 Only
2)The Brown to Green Report 2019’ is released by
a) International Institute for Sustainable Development
b) Climate Transparency
c) World Economic Forum
d) SDG Knowledge Hub
3)National Waterway 2 (NW-2)’ is on which of the following rivers?
4)The ‘Global Microscope on Financial Inclusion report’ is published by
a) World Economic Forum (WEF)
b) Economist Intelligence Unit (EIU)
c) World Bank (WB)
d) International Monetary Fund (IMF)
1) News : Sensex slumps 2,919 points,Nifty sinks to 33 month low.
Aday after the World HealthOrganization (WHO) declared the corona virus outbreak a pandemic, equity markets worldwide went into a bear phase — denoted by more than 20% fall from the recent highs of the benchmarks.
About NIFTY :-
The NIFTY 50 index National Stock Exchange of India’s benchmark broad based stock market index for the Indian equity market. Full form of NIFTY is National Index Fifty. It represents the weighted average of 50 Indian company stocks in 13 sectors and is one of the two main stock indices used in India, the other being the BSE Sensex.
Nifty is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.
The NIFTY 50 index is a free float market capitalisation weighted index.
The base period for the CNX Nifty index is 3 November 1995, which marked the completion of one year of operations of National Stock Exchange Equity Market Segment. The base value of the index has been set at 1000.
2)Delhi declares COVID-19 an epidemic,shuts schools, colleges and cinemas.Epidemic:- An epidemic is a regional outbreak of an illness that spreads unexpectedly, according to the WHO. The Centers for Disease Control and Prevention defines it as an increase, often sudden, in the number of cases of a disease above normal expectations in a set population.
What is Epidemic :- An epidemic is a regional outbreak of an illness that spreads unexpectedly, according to the WHO.
The Centers for Disease Control and Prevention defines it as an increase, often sudden, in the number of cases of a disease above normal expectations in a set population.
3)News :- ‘COVID19 vaccine at least 2 years away’.
In this News ICMR was Mentioned.
About ICMR :- It is India’s apex scientific body for the formulation, coordination and promotion of biomedical research.
It was established in 1911 as Indian Research Fund Association (IRFA) making it one of oldest and largest medical research bodies in the world.
The ICMR functions under Department of Health Research, Ministry of Health and Family Welfare.
It is headquartered in New Delhi.
Its Governing Body is presided over by Health Minister.
4)News :- New environment law cuts time for hearings
The draft EIA notification proposes to be an update to the EIA of 2006, which specifies a “minimum of 30 days” for people to respond.
The current version of the update, which will likely become law in 60 days, gives a “minimum of 20 days” of notice period.
It also requires that the publichearing process be wrapped upin 40 days, as opposed tothe existing norm of 45 days. Under the process, an organisation has to submit adetailed plane explaining the nature, need, and remedial measures, if their proposed project could significantly impact a region.
Factual News of the Day from different Newspapers :
5)CSIR develops Bi-Luminescent Security ink to Curb Fake Currency Notes :- The ink is white in colour when placed under normal white light. When placed under Ultraviolet light, it turns red. Later it turns Green when the UV light is turned off.
The ink produced by mixing two different colours namely green and red in the ratio 3:1.
This mixture was hated to 400-degree Celsius.
6)Kisan Rail :- The Kisan Rail is being launched by the GoI to set up national cold supply chain in the country.
The Centre is planning to transport fish, milk and meat under the scheme. The scheme is to be implemented under Public-Private Partnership.
7)UNCTAD: FDI inflows are to drop by 15% due to Corona Virus.
UNCTAD releases a report
World Investment report
Digital Economy Report
Least Developed Countries Report
8)Explainer : Why Are the Oil Prices Coming Down
As it was clear that Russia was not ready to cut its output further, the Saudis moved to the attack mode.
The plan is to flood the markets with Saudi oil and depress the prices, which would hurt all oil exporters.
Riyadh may have multiple targets.
One is to exert pressure on Russia and make itcome back to the negotiation table. And if both sidesagree to a new deal, they canreverse the decision to rampup production and collectively take steps to pump upprices.
Second if the Russians do not blink, the planis to capture market sharefrom Russia with discounts.
Third, bleed the U.S. shaleoil producers who could notsustain production at depressed prices.