1) Rs 20 lakh crore self-reliant India relief package announced
Finance Minister Nirmala Sitharaman gave details of the Atmanirbhar Bharat Package worth Rs 20 lakh crore on 13 May. This relief package is 10 percent of the country’s gross domestic product. It is expected to benefit various sections including cottage industry, micro, small and medium enterprises, middle class and industry.
Prime Minister’s address to the nation
Addressing the nation, Prime Minister Narendra Modi announced the ‘Self-reliant India package’. It has been announced in view of the corona virus epidemic.
In his address, the Prime Minister talked about achieving the goal of self-reliant India after Kovid-19. He also requested the countrymen to buy and promote local products. He emphasized that India’s self-reliance would stand on these five pillars:
- Economy, which ensures a quantum leap, not incremental change.
- Infrastructure, which should become the identity of India.
- System, based on 21st century technology driven systems.
- A vibrant population, which is our source of energy for a self-reliant India.
- Demand, under which the power of our supply and supply chain must be used to its full potential.
2) Sania Mirza honored with Fed Cup Heart Award
Indian tennis player Sania Mirza was awarded the Fed Cup Heart Award on 12 May. She is the first Indian player to win this award.
Asia-Oceania defeated Zone Prisca
Sania was nominated from the Asia-Oceania zone along with Prisca Medellin Nyugroho of Indonesia. On the basis of online voting which ran from 1 to 8 May, Sania won the award, leaving behind Prisca.
Sania is a 6-time Grand Slam winner. For the first time since 2016, Sania joined the Fed Cup team for this year. He teamed up with Ankita Raina and led India to the Fed Cup playoffs.
Fed Cup Heart Award: A Vision
The International Tennis Federation (ITF) started the Fed Cup Heart Award in 2009.
3) UK Labor Party’s comment on Kashmir
Newly elected leader of Britain’s opposition Labor Party, Keir Starmer, during his first dialogue with the Labor Friends of India-LFI group, said that Kashmir was ‘such a bilateral issue between India and Pakistan’ Which could have been resolved peacefully ‘.
Starmer, in his statement with the group ‘Labor Friends of India’, emphasized strong trade relations with India. It was emphasized by Keir Starmer that the Labor Party government under his leadership would be determined to cooperate on issues such as climate change on a global stage, besides maintaining strong trade relations with India.
The Labor Party’s relations with the Indian diaspora have been tense for some time.
The tensions in these relations were particularly heightened when its representatives passed an emergency policy resolution in September 2019 criticizing India’s decision to repeal Article 370. The party said that the people of Kashmir should have the right to self-determination.
Importance of Labor Party and Indian Diaspora Relations:
Indians form the largest expatriate ethnic community in Britain, numbering more than 1.5 million.
The percentage of Indians in Britain’s total population is more than 2.3, which can be an important vote bank for any party.
In the 2017 general elections, 50 percent of Indians living in Britain voted for Labor.
4) ‘Global Nutrition Report -2020’
According to the recently released ‘Global Nutrition Report 2020’, India is among 88 countries in the world which may be able to achieve the ‘Global Nutrition Targets’ by 2025. Will not be able to
Nutrition Goals: In the World Health Assembly in the year 2012, 6 nutrition goals were identified in mother, baby and adolescent children, which were to be achieved by 2025.
40% reduction in cases of stunting in children under 5 years of age, 50% reduction in cases of anemia in women aged 19–50, low birth weight infants Ensuring a 30% reduction in cases, completely stopping the rise in obesity cases in children, exclusive breastfeeding in the first 6 months of childbirth (only breast milk to the baby in the first 6 months of birth) Hair up to 50%, hair Reduce cases of child wasting and keep it below 5%.
‘World Nutrition Report -2020’ and India:
According to the World Nutrition Report, India will not be able to achieve any of the four standards for which data are currently available.
These four standards are cases of anemia in children under 5 years of age, cases of anemia in women of reproductive age, obesity in children, and exclusive breastfeeding.
According to this report, India is one of the countries with the highest local inequality in terms of malnutrition.
However, in the past, India had succeeded in reducing the rate of underweight cases in children and adolescents.
5) India’s growth rate to be zero in 2020-21: Moody’s
Moody’s Investors Service has lowered India’s economic growth forecast for the current financial year to zero. According to Moody’s, India’s GDP is likely to be very low this year and the crisis is intensifying due to the Coronavirus (COVID-19) epidemic.
It is noteworthy that due to the impact of COVID-19, rating agencies across the world have expressed concern about the Indian economy. However, Moody’s estimates that the growth rate of the Indian economy will increase in the coming financial year (2021-22) and will reach 6.6 percent. It is important to note that worldwide the statistics of coronavirus infection are increasing day by day and the number of people who die due to this virus is also increasing rapidly.
At the same time, all the economic and non-economic activities of the world have been stopped due to the lockdown implemented to stop the spread of coronavirus, which has a profound impact on the economy of the entire world including India. It is noteworthy that a lot of efforts are being made by the government and RBI to overcome this economic crisis, under which the government has recently announced an economic package of 20 lakh crores.