Top 10 Weekly Current Affairs: 29 June to 04 July 2020

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SAP Launches Global Bharat Program for Indian MSMEs

Recently the Global Bharat program has been launched by the German technology firm SAP India. The program is designed to equip Indian micro, small and medium enterprises (MSMEs) with digital technologies to make them globally competitive. SAP India will be able to provide MSMEs access to their enterprise resource planning (ERP) software under the Global Enterprise Program.




Two-time Olympic badminton champion Lin Dan retired

Recently the world’s number one badminton player and two-time Olympic badminton champion from China, Lin Dan, has announced his retirement from the sport. During his 20-year illustrious national team career, he has also won Olympic singles titles at the 2008 Beijing and 2012 London Games.




Government of India extended Sukhbir Singh Sandhu’s term as NHAI President

Recently the extension of Sukhbir Singh Sandhu’s tenure as the Chairman of the National Highways Authority of India (NHAI) has been approved by the Appointments Committee of the Cabinet (ACC). His tenure has been extended for a period of 6 months from 21 July 2020 to 21 January 2021.




French Prime Minister Edouard Philippe Resigns


Recently, French Prime Minister Edouard Philippe has resigned from his prime minister due to the possibility of President Emmanuel Macron reshuffling the government. According to the announcement made by the French Presidency, Edouard Philippe will now hold government affairs until the formation of the new cabinet.




M Venkaiah Naidu released the book: Future Of Higher Education – Nine Mega Trends


Recently a book titled “Future of Higher Education – Nine Mega Trends” was released online by Vice President M. Venkaiah Naidu. This book is written by CA V Pattabhi Ram. This virtual event was hosted by ICT Academy.




Siddharth Mukherjee and Professor Raj Chetty honored with 2020 Great Emigrants

Recently, the Indian-American Pulitzer Prize-winning author and physician Siddharth Mukherjee and Professor of Economics at Harvard University, Raj Chetty, were awarded the ‘2020 Great Immigrants’ by the Carnegie Corporation of New York for their efforts to prevent the COVID-19 epidemic. Has been awarded with 38 US citizens included in the list.

Special virtual meeting of G-20 education ministers organized

In the field of education too, a special virtual meeting of G-20 Education Ministers was held to address the widespread disruptions caused by the COVID-19 epidemic. Union Human Resource Development Minister Ramesh Pokhriyal ‘Nishank’ represented India at the meeting. During the meeting, the minister shared information on measures taken by the Government of India to create resilience in the education system from the COVID-19 epidemic.




Care ratings forecast, Indian economy to shrink by 6.4%

CARE Ratings forecast the Indian economy to shrink by 6.4% for the FY 2020-21. The rating agency has slashed the GDP growth rate of the Indian economy citing ongoing restrictions in economic activity due to the lockdown caused by the COVID-19 epidemic. It is also expected that positive growth will come only from agriculture and government sector.

Central government declares entire Nagaland a “disturbed area” for next 6 months

The entire Nagaland has been declared a “disturbed area” by the Government of India. This announcement has been made for the next six months i.e. by the end of December. In a notification issued by the Ministry of Home Affairs, it has been said that at present, the whole of Nagaland is in such a turbulent and dangerous situation that the help of the armed forces is necessary to help and protect the common people.

Government of India approves special cash flow scheme for NBFCs / HFCs

The Government of India has approved a special cash flow scheme of Rs 30,000 crore for Non-Banking Financial Company (NBFC) / Housing Finance Company (HFC). Special cash flow scheme has been introduced with the objective of improving the cash flow position of NBFCs / HFCs. The Reserve Bank of India (RBI) will provide funds for the scheme by subscribing for the government guarantee of special securities issued by the trust. An unconditional and irrevocable guarantee will be provided by the Government of India for the special securities issued by the Trust.

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