Top Best Current Affairs 12 July 2020

Maharashtra Housing Minister Jitendra Awhad announced that the state govt and State Bank of India (SBI) will set up a stress fund to revive Slum Rehabilitation Authority (SRA) projects (about 370 projects) in the Mumbai Metropolitan Region (MMR) and other urban areas of the state. For this purpose, the state govt will inject Rs 700 crore to Rs 1,000 crore in this fund as a financial support. SRA will act as the nodal agency under the Housing Ministry to implement the slum redevelopment schemes.

The Hockey India(HI) in its Executive Board meeting named Manipur's Gyanendro Ningombam, who was senior vice-president in the federation, as officiating president till the end of September 2022 after Mohd Mushtaque Ahmad resigned on July 07, 2020 due to personal and family commitments.

Asian Development Bank (ADB), a regional development bank has renewed a memorandum of understanding (MOU) for 3 years with the Paris (France) based International Energy Agency (IEA) during IEA's Clean Energy Transitions Summit 2020 with the aim to further increase the collaboration on sustainability with a focus on energy sector resilience in Asia and the Pacific as this sector is a key promoter of growth and human development, especially during recovery from the impacts of the coronavirus (COVID-19) pandemic.

The RBI Governor said repo rate has been cut overall since February 2019 by 250 basis points to alleviate liquidity stress and provide financial stability in the economy. The main aim behind the move was to tackle the economic growth slowdown.

The United Nations Interim Force in Lebanon (UNIFIL) Head of Mission and Force Commander Major General Stefano Del Col awarded the annual environment awards of UNIFIL to 7 mission entities. An Indian Battalion (INDBATT) stationed with UNIFIL is declared first for environmental contributions.

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed all general and health insurance companies to increase the sum insured on the Standard Individual Health Insurance Product namely "Arogya Sanjeevani" beyond Rs 5 lakh.This decision has been taken in view of the increasing cost of healthcare in the country amid the covid-19 pandemic.

Manipur Chief Minister (CM) N. Biren Singh inaugurates 5 Water Supply projects worth Rs 48.39 crore, which have a total capacity of more than 26.15 millions of liters per day(MLD) through video conferencing from the Chief Minister's Secretariat, Imphal. With addition to the projects one office building of Weight and Measures Department and Rapid Antigen Detection Testing Centre at Jiribam were also inaugurated.

Under the National Mission for Manuscripts, The Ministry of Culture has taken up the project of re-printing 108 volumes of Mongolian Kanjur. A set of First Five manuscripts were presented to Shri Ram Nath Kovind, the President of India on Guru Purnima (Dharma Chakra Day) on 4th July 2020.A set was then handed over to His Excellency Mr. Gonching Ganbold, Ambassador of Mongolia to India by the Minister of State (Independent Charge) of Ministry of Culture and Minister of State (Independent Charge) of Ministry of Tourism, Shri Prahlad Singh Patel in presence of Minister of State for Minority Affairs, Shri Kiren Rijiju.