Daily Current Affairs – 29th April 2020

1) SIPRI report released on military expenditure, India among the top three countries

The Global Think-Tank ‘SIPRI’ (Stockholm International Peace Research Institute) has recently released a global study report on military expenditure in 2019. According to this study, the global military expenditure in 2019 was $ 1,917 billion, which is 3.6 percent more than the global military expenditure of the year 2018. This is the highest annual increase in the current decade.

According to this study report, America is first in the world in terms of military expenditure, China is second and India is in third place. This is the first time India has joined the top three countries in the world with more military expenditure. India was fourth in 2018. According to the report, Russia ranks fourth and Saudi Arabia is fifth in terms of military expenditure.

The main findings of the SIPRI report are as follows:

The increase in global military spending of 2019 (3.6 percent) is the highest since 2010. Since 1989, the field of military spending is increasing every year.

The United States spent $ 732 billion in military in the year 2019, which is 5.3 percent more than in 2018. This amount is 38 percent of the worldwide military expenditure.

Asia’s dominance in terms of military expenditure is increasing gradually. China’s military spending increased 5.1 percent in 2019 to $ 261 billion in 2018.

India has also increased its military spending by 6.8 percent. In 2019, India’s military spending has reached $ 71.1 billion. It accounts for 2.4% of the country’s gross domestic product (GDP). The increase in military spending is natural due to tensions with India’s neighboring countries Pakistan and China.

Russia (65.1 billion dollars) and Saudi Arabia (billion dollars) are ranked fifth, after America, China and India among the top five countries in the world with the highest military spending. These five countries account for 62 percent of the total military expenditure in the world.

Among the Asian countries, apart from China and India, Japan and South Korea are also among the highest military spenders. Japan and South Korea’s military spending in 2019 was $ 47.6 billion and $ 43.9 billion respectively.

2) 28 April: World Workplace Health and Safety Day

Every year on 28 April, World Day for Safety and Health at Work is celebrated all over the world. The purpose of celebrating this day is to draw attention to the safety and health of workers at work places.

Main theme of 2020

The main theme of World Workplace Health and Safety Day in this year i.e. 2020 is ‘Stop the Pandemic: Safety and Health at work Can Save Lives’. It mainly focuses on the ‘COVID-19’ epidemic.

International Labor Organization (ILO): a vision

The International Labor Organization (ILO) was announced to celebrate World Workplace Health and Safety Day. It is being celebrated every year since 2003.

The ILO is the only three-party body of the United Nations. It carries organized the governments, owners and workers of 187 member countries to set labor values, develop policies and design programs that promote decent work for all women and men.

ILO was established on 29 October 1919. It is headquartered in Geneva, Switzerland. It has a total of 187 members.

3) Pakistan’s anti-ship missile test

Recently the Pakistan Navy has successfully tested a series of anti ship missiles in the North Arabian Sea. Giving information in this regard, the spokesman of the Pakistani Navy said that these missiles were fired by ships standing on the surface of the sea and stationary and rotary-wing aircraft. Pakistani Navy Chief Zafar Mahmoud Abbasi was also present on the occasion. Anti-ship missiles are missiles that are used against large boats and ships.

It is important to note that the first anti-ship missiles were developed by Germany during Hitler’s reign. According to Pakistani Navy officials, this missile will significantly increase the capacity of Pakistan’s Navy. India also has a number of important anti-ship missiles, including BrahMos, Nirbhay, Dhanush and BrahMos II. BrahMos (BRAHMOS) is a joint venture between the Defense Research and Development Organization (DRDO) and NPOM of Russia, named after the Brahmaputra and Moskva rivers. Its actual range is 290 km, but when it is fired from a fighter aircraft it becomes about 400 km. It is planned to extend it to 600 km in the future.

4) Banking Industry Services – Public Utility Services Announced

The central government has declared the banking industry as a Public Utility Service for a period of six months till October 21, under the provisions of the Industrial Disputes Act. This announcement made by the Central Government means that no strike will be organized by the employees and officers of the banking industry till the period the Act remains in force.

The decision has been taken by the Ministry of Labor and Employment in the wake of the Coronavirus (COVID-19) epidemic, noting that as a result of the lockdown implemented due to Coronavirus, India’s economic activities have been greatly affected. The main objective of declaring banking industry as a public utility service is to provide security and better service to customers facing economic crisis as a result of COVID-19 epidemic. It is noteworthy that there are more than a dozen employees and officers union unions in the banking industry, who periodically register their protest in the form of a strike on issues related to the topics like salary of the members, but after this rule of 6 months This will not be possible for the duration.

5) Start of the new nuclear weapons race

A recent report released by the United States Department of State has expressed concern that China violated the ‘Comprehensive Nuclear-Test-Ban Treaty- CTBT’ rules by Lop Noor. (Lop Nur) is conducting a nuclear test at a test site.

The report claimed that apart from China, Russia has also carried out ‘low-impact nuclear tests’, thus this type of nuclear test is a ‘zero effect’ inherent in CTBT. Are incompatible with the concept of.

However, the report does not mention exactly how many nuclear tests have been conducted by these countries.

Russia and China have rejected the US claims, but the report points to renewed competition for nuclear weapons with the increasing rivalry between major nuclear powers.

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