Top Best Current Affairs 1 June 2020

The Union Ministry of New and Renewable energy proposed the 'One Sun One World One Grid' to interconnect renewable energy by sharing solar resources with more than 140 countries of West Asia and SouthEast Asia. The grid will be interconnected with African power pools. Its aim is to provide solar power to nations which lack sunlight, by building a common transmission system. The proposal was mooted on the lines of PM Modi's announcement on cross-border solar connectivity in October 2019.

NABARD, a development bank focusing primarily on the rural sector of the country, has extended Rs 1,050 crore special liquidity facility to West Bengal so far in the current fiscal year for the welfare of farmers and poor people in the state.

The foundation stone for a Missile Park named 'Agneeprastha' was laid by Commodore Rajesh Debnath & a 2 MegaWatt(MW) solar photovoltaic plant was commissioned by Vice Admiral Atul Kumar Jain, Flag Officer Commanding-in-Chief, Eastern Naval Command at INS Kalinga, Visakhapatnam. Agneeprastha aims to capture glimpses of Missile History of INS Kalinga since its inception in 1981.

Union Minister for Commerce & Industry and Railways, Piyush Goyal participated in the Digital Summit on Exports organized by the Confederation of Indian Industry through a Video Conference. The institutional partner for the summit is Export-Import Bank. President of CII is Vikram Shreekant Kirloskar.

Meeting of the Heads of Tax Authorities of the BRICS countries was held on 29 May 2020. The BRICS Countries that participated in the meeting are Brazil, Russia, India, China, South Africa. The meeting was hosted by the Federal Tax Service of Russia, which currently holds the BRICS Presidency. Dr. Ajay Bhushan Pandey, Finance Secretary, Government of India, represented India at the meeting.

In accordance with the data released by the Department for Promotion of Industry and Internal Trade, the total FDI increased by 18% to $73.46 billion in the FY2019-20. This hike was the highest in the four years. Out of the total FDI, equity inflows through the Foreign Investment Promotion Board, Reserve Bank of India's automatic route of acquisition rose 13% to around $49.98 billion.

World Vape Day was observed on May 30, by Millions of e-cigarette users or vapers across the globe and the day is celebrated, a day before World No Tobacco Day. WVD aims to raise awareness on e-cigarettes or vapes & help smokers who are unable to quit on their own or with currently available smoking cessation tools to change to safer nicotine products.

The United States has joined an international panel of Group of Seven (G7) for setting up ethical guidelines for the use of artificial intelligence. The partnership was launched after a virtual meet of technology ministers of member nations. The aim of this panel is to counter the China's twisting technology in ways that threaten civil liberties.