Current Affairs 11-12 April, 2020

Current Affairs 11-12 April, 2020

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1. International Day of Human Space Flight observed every year on 12 April 

  • The International Day of Human Space Flight is the annual celebration, held on April 12, of the anniversary of the first human space flight by Yuri Gagarin. 
  • It was proclaimed at the 65th session of the United Nations General Assembly on April 7, 2011.
  • Yuri Gagarin crewed the Vostok 1 space flight in 1961, making one orbit around the Earth over 108 minutes in the Vostok 3KA spacecraft launched by Vostok-K launch vehicle.
  • In the Soviet Union, April 12 was commemorated as Cosmonautics Day since 1963, and is still observed in Russia and some former Soviet states.

2. Famed Anak Krakatau Volcano is erupting once again

  • Indonesia's Anak Krakatau volcano spewed a column of ash 500 meters into the sky in the longest eruption since its explosive collapse in 2018. 
  • Anak Krakatau, which means child of Kratakau, is the offspring of the famous Krakatau volcano, whose monumental eruption in 1883 triggered a period of global cooling. 
  • Anak Krakatau volcano is located in the Sunda Strait between the Indonesian islands of Java and Sumatra.
  • In 2018, the volcano’s eruption induced an underwater landslide leading to a massive tsunami along the coasts of Sumatra and Java, and killed 430 people.

3. Top Oil producers except Mexico agree to output cuts: OPEC

  • OPEC said that the major oil producers except Mexico have agreed to cut output in May and June by 10 million barrels per day, after marathon talks to counter collapse in prices.
  • The agreement, which reduces production to eight million barrels per day from July to December, depends on Mexico's support for it to take effect.
  • Global fuel demand has plunged by around 30 million barrels per day, or 30 percent of global supplies, as steps to fight the virus have grounded planes, cut vehicle usage and curbed economic activity. 

Foot Notes: About OPEC
Headquarters: Vienna, Austria
Founded: September 1960, Baghdad, Iraq
Founders: Juan Pablo Pérez Alfonzo, Abdullah Tariki
Members: 13 
Secretary-General: Mohammed Barkindo

4. With 70% annual global production share, India tops Hydroxychloroquine producer, exporter chart

  • India is the largest producer and exporter of Hydroxychloroquine with 70 percent of annual global production. 
  • The Department of Pharmaceuticals has said that there is enough stock of API and manufacturing capacity of Hydroxychloroquine formulations to meet the country's requirement as well as export obligations. 
  • Senior Scientist at ICMR Dr Raman Gangakhedkar told the media in New Delhi that the use of Hydroxychloroquine is as Preventive healthcare and not as treatment.

5. Former Zimbabwean cricketer Jackie du Preez passes away

  • The leg-spinner played for South Africa in Zimbabwe's pre-independence days. 
  • He played two Tests for South Africa in 1967.
  • Du Preez didn't represent South Africa thereafter but enjoyed a long and successful first-class career. 
  • He also enjoyed enough success with the bat so as to be labelled an all-rounder, scoring 4,063 runs in first-class cricket at an average of 23.76, including one century and 19 fifties.

6. SC extended tenure of TDSAT Chairperson Shiva Kirti Singh by three months

  • The Supreme Court of India has extended the tenure of chairperson of TDSAT Justice Shiva Kirti Singh by 3 months who was set to retire on April 20, 2020. This decision has been taken by the bench of Justices L Nageswara Rao, Sanjay Kishan Kaul and Deepak Gupta headed by Chief Justice Sharad Arvind Bobde.
  • The bench also expressed concern over the delay in appointment of administrative and technical members of TDSAT and asked Solicitor General Tushar Mehta to answer on behalf of Centre.
  • The administrative member and a technical member of TDSAT retired in October 2018 and May 2019, respectively. Since then only the chairperson is there and the absence of members is halting the tribunal’s operations.

Foot Notes: About TDSAT
Establishment– 2000
Headquarters: New Delhi
Agency executive: Shiva Kirti Singh (Chairperson)
Composition– It consists of a Chairperson and two Members appointed by the Central Government. The Chairperson should be or should have been a Judge of the Supreme Court or the Chief Justice of a High Court.

7. IMF MD ropes in Raghuram Rajan, 11 others to key external advisory group

  • IMF MD Kristalina Georgieva named former RBI governor Raghuram Rajan and 11 others to her external advisory group.
  • The group will provide perspectives from around the globe on key developments and policy issues, including responses to the exceptional challenges the world now faces due to the coronavirus pandemic.
  • Rajan, 57, who was the Reserve Bank of India (RBI) governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago.

Footnotes: About IMF
Formation: 27 December 1945; 74 years ago
Headquarters: Washington, D.C. The U.S.
Chief Economist: Gita Gopinath

8. Finance Ministry extends deadline for mandatory minimum deposit in PPF, Sukanya Samriddhi Account till June 30

  • The Finance Ministry has extended the deadline for mandatory minimum deposit in Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA) for 2019-20 by three months up to June 30 in view of the lockdown due to the coronavirus outbreak.
  • The relaxation will be applicable for account holders of PPF, Sukanya Samriddhi Account (SSA) and Recurring Deposits (RDs). 
  • The Government has taken the decision to safeguard the interests of small savings depositors in view of the lockdown.
  • The Sukanya Samriddhi Yojana was launched by the Prime Minister of India on January 22, 2015.
  • It encourages parents of a girl-child to stock a fund for their education and marriage.

Foot notes: About Suknaya Samridhi Yojna
Launch year: 2015
Launched by (Prime Minister): Narendra Modi
Ministry: Ministry of Women and Child Development
Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child.

About Finance Ministry:
Headquarters: New Delhi
Founded: 29 October 1946
Finance Minister: Nirmala Sitharaman

 

9. FIFA’s ranking 2020: Indian football team stats at 108th position; Belgium on top

  • According to the FIFA/Coca-Cola World Ranking 2020, released on April 09, 2020, Indian football team retained its 108th position with 1187 points.
  • While Belgium ranked first and world champion France is in 2nd place and Brazil is at 3rd spot.
  • In the wake of the coronavirus (Covid-19) epidemic, qualifier tournaments have been postponed for the FIFA World Cup and other major games at the international level. Not only this, due to Corona, the Olympic football tournament, CONMEBOL (South American Football Confederation) Copa America and UEFA (Union of European Football Associations) EURO also had to cancel famous events.

Foot Notes: About FIFA (Fédération Internationale de Football Association)
Motto: For the Game. For the World
Headquarter:  Zürich, Switzerland
President: Gianni Infantino

10. Flipkart, ICICI Lombard & Go Digit to offer two COVID-19 health insurance policies

  • Flipkart Private Limited, an e-commerce marketplace in partnership with ICICI Lombard General Insurance Company Limited and Go Digit General Insurance, has launched two health insurance policies namely – ‘COVID-19 Protection Cover’ & ‘Digit Illness Group Insurance’ that specifically cover coronavirus (COVID-19) on its platform.
  • Both the policies provide an easy claim, hospitalization, room or intensive care unit (ICU) expenditure, ambulance assistance and teleconsultation and do not require any medical testing at the time of purchase.
  • COVID-19 protection cover offered by ICICI Lombard, on the positive diagnosis of COVID-19, paid to the customer of Rs. 25,000. It has been priced at an annual premium of Rs 159.
  • Digit Illness Group Insurance cover by Digit Insurance gives consumers the benefit of hospitalization of up to Rs 1 lakh with an annual premium of Rs 511.However, there is no limit to room rent or ICU care. The policy includes 30 days pre-hospitalization and 60 days post-hospitalization fee. Policyholders can also get 1% of the sum assured for ambulance assistance.

Foot Notes: About Flipkart Private Limited
Headquarters: Bengaluru, Karnataka
Founded: October 2007
CEO: Kalyan Krishnamurthy 
Founders: Sachin Bansal, Binny Bansal

About ICICI Lombard:
Parent organization: ICICI ( Industrial Credit and Investment Corporation of India) Bank
Headquarters: Mumbai, Maharashtra
MD & CEO: Bhargav Dasgupta
About Digit general insurance:
Headquarters: Bengaluru, Karnataka, 
Chief Distribution Office: Jasleen Kohli

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