Daily Current Affairs – 4th May 2020

1) Germany bans Hezbollah, Hezbollah short order

Germany has recently banned Hezbollah, a Lebanese terrorist organization. This restriction has been imposed in the country in view of the possibility of this terrorist organization carrying out an attack. Iran has described this decision of Germany as a step taken under pressure from Israel and America.

Germany blames Hezbollah for many attacks and kidnappings around the world. Prior to this decision, Germany had banned the military activities of this organization. Because of this, it was politically active here.

German security agencies suspect that about 1000 members of this organization are present in the country. They have been using Germany as a safe place where they make plans, find new members and deposit money through criminal activities.

Pressure to ban European Union too

Before Germany, America, Israel, Saudi Arabia and some other countries have banned this terrorist organization. This move by Germany will increase the pressure on the European Union to ban it as well. The US and Israel have praised Germany’s move. While Israel has described Germany’s move as an important one in the global war against terrorism, the United States has instructed the European Union to learn from it.

Hezbollah: Short order

To understand the beginning of Hezbollah, a look at the history of Lebanese Republic is necessary. It was decided in Lebanon under an agreement in 1943 that only a Sunni Muslim in the country could become Prime Minister. In addition, the Christian President and the Speaker of the Parliament can be Shia Muslims.

Gradually, the number of Sunni Muslims came from Palestine in Lebanon and the Shia Muslims were afraid of going to their margins. Christians were already minorities here. This fear triggered a civil war in Lebanon in 1975, which lasted for 15 years.

In 1978 Israel occupied the southern part of Lebanon. Earlier, Palestinians used this area to attack Israel.

2) Bannerghatta Biological Park ‘issue

Bannerghatta Biological Park has granted citizens permission to take home the wildlife of the park for one year under the Animal Adoption Program.

It is to be noted that citizens will have to pay some money to take home the wildlife of Bannerghatta Biological Park.

Indian cobra and Asiatic Elephant will have to pay 2 thousand and 1.75 lakh rupees per year respectively to take home.

From the Bannerghatta Biological Park, the king cobra, wild cat, Assamese langur, black buck, sambar etc. can be adopted for one year.

According to the park, 21 elephants are currently available for adoption through the Internet.

A provision has also been made to give gifts to encourage the wildlife of the park to take them home. For example, free entry to the park, certificate, free entry to important garden gardens for 3 years, etc.

According to the ‘Animal Adoption Program’, the park has an opportunity to be involved in the maintenance of wildlife, medical care expenses in which tax exemption under Section 80G (relating to donations) of the Income Tax Act for the participating people There is also a provision for giving.

3) The first merger of two black holes with uneven mass

Recently the merger of two unequal-mass black holes has been first detected by gravity wave observatories located at the Laser Interferometer Gravitational-Wave Observatory (LIGO).

This is the first such discovery involving two black holes of unequal mass.

The incident is named GW190412. This incident was detected in the year 2019.

About 5 years ago the Gravitational Observatory at LIGO first detected gravitational waves.

The mass of both these black holes was 8 solar masses and 30 solar masses respectively.

Solar mass refers to the mass of the Sun, which is 2 × 108 kilograms.

It is a standard unit of mass in astronomy.

The merger of the two black holes was discovered at a distance of about 2.5 billion light years.

Importance of search:

This will make it possible to find many more things. like-

More accurate determination of distance from the event.

Angular momentum of black holes with greater mass, etc.

4) Expenditure on R&D in India

According to the ‘Research and Development Statistics and Indicators’ 2019-20 based on the National Science and Technology Survey’ 2018, India’s gross expenditure in research and development- R&D has tripled between 2008 and 2018.

The survey has been done under the ‘National Science and Technology Management Information System’ (National Science and Technology Management Information System) under the Department of Science and Technology- DST.

India’s gross expenditure in research and development has almost tripled from 2008 to 2018.

The gross expenditure on research and development in the country (Gross Expenditure on Research and Development- GERD) has increased from Rs 39,437.77 crore in the financial year 2007-08 to Rs 1,13,825.03 crore in the financial year 2017-18.

India’s per capita R&D expenditure increased from $ 29.2 in fiscal year 2007-08 to $ 47.2 in fiscal year 2017-18.

India spent 0.7% of its gross domestic product (GDP) on research and development in the BRICS countries in the financial year 2017-18, while in other countries Brazil accounted for 1.3%, Russian Federation 1.1%, China. 2.1% and South Africa spent 0.8%.

5) 6.5% decline in key areas of production

According to figures recently released by the Ministry of Commerce and Industry, eight major sectors of the economy recorded a 6.5% decline (in production) in March 2020.

Significantly, in March 2020, steel, electricity, cement, natural gas, fertilizer, crude oil and refinery and petroleum production declined. However, coal production has increased.

It is important to note that during the financial year 2019-20, the growth rate in eight major sectors was 0.6%, while in February 2020, the production growth rate in these areas was 5.5%.

Due to the lockdown across the country, the movement of goods has been affected, as well as a decrease in demand for goods has also been recorded, which has led to a decrease in production.

It is noteworthy that despite the relaxation of power and steel production during the lockdown, these sectors have declined.

The major sector of the economy accounts for 40.27% in the Index of Industrial Production- IIP. Therefore, the impact of the decline recorded in these areas is also certain to affect the IIP data.

The famous economist ‘D.K. According to Srivastava ‘(D.K. Srivastava), both the state and central governments can compensate for the decrease in tax revenue due to the decline in production of key sectors by a reduction in capital expenditure.

6) China’s digital currency

Coronavirus (COVID-19) Amidst the epidemic and the global financial crisis, China is preparing to launch the world’s first digital currency in the times to come.

This digital currency or digital yuan is officially known as the Digital Currency / Electronic Payment-DC / EP project.

According to the People’s Bank of China-PBC, China’s central bank, research and development of China’s official digital currency is proceeding rapidly, and four cities in China (Shenzhen, Suzhou, Chengdu and Xinjiang) It is being tested inAccording to reports, China’s central bank has been conducting research on its digital currency since 2014.

This Chinese digital currency is very similar to Bitcoin and Facebook’s digital currency Libra.

Like other digital currencies, this new currency of China can also be stored in Digital Wallet.

The most prominent difference between China’s new digital currency and other currently prevailing digital currencies is that China’s currency will be controlled by the Chinese government and its central bank, but existing digital currencies are not controlled by any bank or government .

It is to be noted that China has not yet made any official announcement in this regard nor has released any specific details regarding its currency.

Leave a Comment