5th July National & International Current Affairs

1. What is the name of the mission launched by union government to provide potable water to every rural household by 2024?

Correct! Wrong!

In the Union budget, Finance minister announced the Jal Jeevan Mission to provide potable water to every rural household by 2024. Note: Earlier government has formed a new Ministry to address all water issues- Jal Shakti, which will look at the management of water resources and drinking water supply in a holistic manner. The Ministry formed by integrated other existing Ministries – Water Resources and Ministry of Drinking water and sanitation would work with state governments to ensure Har Ghar Jal’ to all rural households by 2024

2. What is the name of new organization announced in the union budget to promote research in India?

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The government has plans to set up a National Research Foundation (NRF) with an aim to catalyse and energise research and innovation across all academic disciplines, particularly at the university and college levels The idea for setting up the NRF was first mooted in the draft National Education Policy (NEP) 2019, which said an annual grant of ₹20,000 crore, nearly 0.1 per cent of GDP, should be set aside for it. NRF will have autonomy to set its own finance, governance rules and statutes. The initial grant available to NRF will be increased progressively over the next decade as India’s capacity to do quality research grows, NEP suggested. As per the proposed plan, the NRF will have four major divisions — sciences, technology, social sciences and arts and humanities. Other additional divisions such as agriculture and environment can be added if the governing board of the NRF feels so.

3. What is the name of the scheme is launched in union budget to address critical infrastructure gap in fisheries sector?

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Finance Minister Nirmala Sitharaman Friday announced a new scheme to promote processing in the fishery sector and allocated an estimated Rs 3,737 crore for the newly carved out Ministry of Fisheries, Animal Husbandry and Dairying. The new scheme, Pradhan Mantri Matsya Sampada Yojana (PMMSY), will be established under the Department of Fisheries for a robust fisheries management framework

4. Recently Supreme court ruled Lieutenant-Governor bound by ‘aid and advice’ of Council of Ministers. Which article of the constitution grants Special Status to Delhi among UTs?

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For Delhi, There shall be a Council of Ministers consisting of not more than ten percent, of the total number of members in the Legislative Assembly, with the Chief Minister at the head to aid and advise the Lieutenant Governor in the exercise to his functions in relation to matters with respect to which the Legislative Assembly has power to make laws, except in so far as he is, by or under any law, required to act in his discretion.

5. How many countries are present in Asia-Pacific Trade Agreement?

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Asia-Pacific Trade Agreement (APTA), previously named the Bangkok Agreement, signed in 1975 as an initiative of ESCAP, is a preferential tariff arrangement that aims at promoting intra-regional trade through exchange of mutually agreed concessions by member countries. APTA has seven members namely Bangladesh, China, India, Republic of Korea, Lao People's Democratic Republic, Mongolia and Sri Lanka.

6. 2019 International Day of Cooperatives is observed on:

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International Day of Cooperatives is being celebrated on July 6, 2019. The United Nations International Day of Cooperatives is celebrated annually on the first Saturday of July. This year theme of International Day of Cooperatives is Coops 4 decent work.

7. Which state government has introduced the Japanese “Miyawaki” method of forestation to grow urban forests?

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Telangana government has introduced the Japanese “Miyawaki” method of forestation to grow urban forests and expand the green cover as well as to meet the stipulated plantation target under the Telanganaku Haritha Haaram (TKHH).

8. As per economic survey 2019, Beti Bachao Beti Padhao to be renamed as:

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The Economic Survey 2019 has proposed a change in the Beti Bachao Beti Padhao (BBBP) scheme. The campaign, to be labelled BADLAV (Beti Aapki Dhan Lakshmi Aur Vijay Lakshmi), will be used to represent the change towards gender equality. The Survey suggests that BADLAV would draw examples from the imagery of the forms of Hindu goddess Lakshmi that symbolises wealth (Dhan Lakshmi) and victory (Vijay Lakshmi). This will be used as the message of treating women as the forms of Lakshmi. BBBP is a government scheme launched to end female foeticide, infanticide and help promote the education of the girl child. It was launched in 2015.

9. What is the rate of corporate tax for firms with turnover up to Rs 400 crore?

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Union Budget 2019-20 has levied the lower rate of 25 per cent corporate tax to all companies with annual turnover up to Rs 400 crore. However, 0.7 per cent big companies still fall outside this lower tax ambit.

10. How much amount is allocated in the Union Budget 2019 to boost credit in Public Sector Banks?

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Finance Minister Nirmala Sitharaman has allocated ₹70,000 capital infusion in public sector banks to boost credit growth.

11. What is the disinvestment target set by government for the year 2019-20?

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Finance Minister Nirmala Sitharaman increased the disinvestment target to Rs 1,05,000 crore for the financial year 2019-20, over 16 percent from the interim Budget target. As on March, the Centre had exceeded its disinvestment target for the fiscal year 2018-19. Against a target of Rs 80,000 crore for disinvestment, the receipts touched Rs 85,000 crore. In the interim Budget, then stand-in Finance Minister Piyush Goyal had set a disinvestment target of Rs 90,000 crore for 2019-20.

5th July National & International Current Affairs
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