Current Affairs for SSC CGL Exams - 01 August 2020

SSC CGL Current Affairs

Current Affairs for SSC CGL Exams - 01 AUGUST 2020

The National Green Tribunal (NGT) on Friday rapped the Environment Ministry for failing to strengthen the monitoring mechanisms pertaining to the compliance of conditions mentioned in clearances granted for various projects. Stating that the lack of effective enforcement reflected the Centre’s “insensitivity” to the issue, the green panel directed the Ministry to take appropriate steps.
Taking note of an affidavit furnished by the Ministry, a Bench headed by NGT chairperson Justice Adarsh Kumar Goel said, “This only shows insensitivity to the vital constitutional obligation despite repeated directions. Repeated plea of merely having such proposals without effective enforcement on the ground can hardly be held to be satisfactory.”
Following submissions made by the Ministry, that “meaningful steps” had been taken after the filing of the affidavit, the Bench said, “We cannot accept such a statement. If steps have been actually taken, we fail to understand why the same could not be produced at least during the hearing. We record our dissatisfaction at the attitude of the MoEF&CC on the subject.”

Union Housing Minister Hardeep Singh Puri released Affordable Rental Housing Complexes (ARHC) Knowledge Pack on Friday. This includes MoUs to be signed with States and Union Territories to provide ease of living to urban migrants in the country.
The Union Cabinet had approved ARHC as a sub scheme under PradhanMantriAwasYojana (Urban) earlier this month to provide housing facility to migrant workers and urban poor.
Under the first model existing Government funded vacant houses will be converted into ARHCs through Public Private Partnership or by public agencies for a period of 25 years. Under the second model ARHCs will be constructed, operated and maintained by Public or Private Entities on their own available vacant land for a period of 25 years.

The High Level Group (HLEG) on Agricultural Exports set up by the Fifteenth Finance Commission has submitted its report to the Commission on Friday.
The HLEG was set up to recommend measurable performance incentives for states to encourage agricultural exports and to promote crops to enable high import substitution. After intensive research and consultations from stakeholders and the private sector, the HLEG has made its recommendations.
The group has stated that the additional exports generated after implementation of the recommendations is likely to create an estimated 7 to 10 million jobs in the country. It said that it will also lead to higher farm productivity and farmer income.

The Centre’s fiscal deficit for the first three months of fiscal 2020-21 was ₹6.62 lakh crore, which is 83% of the budgeted target for the year, official data show.
Economists said given the government’s additional borrowing plans, both to meet stimulus spending and bridge the revenue shortfall as a result of the pandemic, the fiscal deficit may end up as high as 8% of GDP, far exceeding the budget’s goal of 3.5%.
The Union government has received ₹1.53 lakh crore (in terms of tax, non-tax revenue and loan recoveries) from April to June. This is less than 7% of budget estimates for the full year.
The Centre’s total expenditure for the quarter was ₹8.15 crore, almost 27% of budget estimates for the year, according to the report published by the Controller General of Accounts on Friday.
“The 83% figure is not surprising because it is using a denominator that has already been exceeded,” said D.K. Srivastava, chief economist with Ernst and Young, and a member of the advisory council to the 15th Finance Commission.
D.K. Pant, chief economist at India Ratings, estimated a fiscal deficit of 7.6%, while MadanSabnavis, chief economist of CARE Ratings, said it could go as high as 8% of GDP.

The Asian Development Bank (ADB) has signed a dollar 200 million financing deal with the Reliance Bangladesh LNG and Power Limited (RBLPL) to build and operate a 718 megawatt combined-cycle gas-fired power plant in Bangladesh. Announcing the deal in a press release on Friday, the ADB said that the project will ease ongoing energy shortages and drive further private sector investments in the country’s power sector.
A combined-cycle power plant is a relatively more efficient way of producing electricity. It uses both a gas and a steam turbine together to produce up to 50 percent more electricity from the same fuel than a traditional simple-cycle plant.
The financing deal has two components of dollar 100 million each. While ADB will provide dollar 100 million, it will also administer the other part worth dollar 100 million from the Leading Asia’s Private Infrastructure Fund (LEAP).
LEAP was set up in 2016 with a dollar 1.5 billion capital commitment for the Japan International Cooperation Agency (JICA). The plant is proposed to be located on land allotted by Bangladesh Power Development Board (BPDB), in Meghnaghat, Narayanganj District near Dhaka.

Artificial intelligence (AI) can diagnose Alzheimer's disease faster and improve prognosis, a new study has revealed.Alzheimer's disease is a neurological disorder in which the death of brain cells causes memory loss and cognitive decline.
The main risk factor for many neurological disorders is age, and with populations worldwide living longer than ever before, the number of people with a neurodegenerative disease is expected to hit unprecedented levels.
The number of people living with Alzheimer's alone is predicted to treble to 115 million by 2050, posing a real challenge for the health system, the study noted.
The study, published in the journal Nature Reviews Neurology, highlights how AI technologies, such as machine learning algorithms, can detect neurodegenerative disorders -- which cause part of the brain to die -- before progressive symptoms worsen. This can improve patients' chances of benefitting from successful disease-modifying treatment.
Machine learning algorithms can be trained to recognise changes caused by diseases in medical images, patient movement information, speech recordings or footage showing patient behaviour, making the AI a valuable diagnostic aid.
Algorithms can also listen to patients' speech and analyse their vocabulary and other semantic features to assess their cognitive function. Machine learning can also use information contained within electronic health records or genetic profiles to suggest the best treatments for individual patients.

Canadian Lance Stroll led the way for Mercedes-lookalike Racing Point in the British Grand Prix practice on Friday while Red Bull’s Alex Albon crashed and brought out red flags.
The team owner’s son lapped the former World War Two airfield with a best time of one minute 27.274 seconds, marginally quicker than Max Verstappen’s best effort of the morning for Red Bull.