GS2: Government Schemes

Union HRD Minister chairs the review meeting on SWAYAM and SWAYAM  Prabha in New Delhi (PIB) The SWAYAM PRABHA is a group of 32 DTH channels devoted to telecasting of high-quality educational programmes on 24X7 basis using the GSAT-15 satellite. Every day, there will be new content for at least (4) hours which would be repeated 5 more times in a day, allowing the students to choose the time of their convenience.


GS2: International Relations

Smt. Nirmala Sitharaman attends the 5th Annual Meeting of Board of  Governors of New Development Bank through video-conference (The Hindu Business Line) Established by the BRICS countries (Brazil, Russia, India, China and South Africa) in 2014, the bank''s purpose of the Bank is to mobilise resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries to complement the existing efforts of multilateral and regional financial institutions for global growth and development. NDB has so far approved 14 projects of India for an amount of $4,183 million.


GS2: Polity

Advisory Council of the 15th Finance Commission to meet on 23-24 April, 2020(PIB) The likely agenda for the Advisory Council Meeting is -  

  • Implications of the pandemic for GDP growth in 2020-21 and 2021-22.  Uncertainty about macro variables over time.
  • Possible assumptions for tax buoyancy and revenue in the current year and next year.


GS3: Economy

The occasion to revisit the sovereign’s role(The Hindu) COVID-19 threatens to push the world into a deep recession. If the lockdown continues, the world economy will contract by as much as 6?cording to the International Monetary Fund.

Government amends the extant FDI policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic  Present Position 

  • A non-resident entity can invest in India, subject to the FDI Policy except in those sectors/activities which are prohibited. 
  • However, a citizen of Bangladesh or an entity incorporated in Bangladesh can invest only under the Government route. Further, a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the Government route, in sectors/activities other than defence, space, atomic energy and sectors/activities prohibited for foreign investment.

Explained: How COVID-19 is hurting the rupee’s exchange rate with other  currencies (Indian Express) Coronavirus (COVID-19): The Reserve Bank of India tabulates the rupee’s Nominal Effective Exchange Rate (NEER) in relation to the currencies of 36 trading partner countries.


GS3: Science and Technology
Masks that use electrostatics of materials to protect healthy individuals  from COVID 19 - Triboelectricity A team of researchers at the Centre for Nano and Soft Matter Sciences (CeNS), Bangalore, an autonomous institute of the Department of Science and Technology (DST), have come up with a recipe for making face masks, termed as TriboE Mask, that can hold electric charges to restrict the entry of infections but interestingly, without any external power.