Lenders see small and medium businesses making a recovery soon

• The government has already pledged ₹3 trillion support to the MSME sector, the backbone of the Indian economy
• MSMEs are also worried about sourcing raw material from China, amid calls to boycott its products in the wake of the Ladakh border clash

India’s forecast bleak, but there is a silver lining

The IMF updated its World Economic Outlook, sharpening India’s economic contraction to 4.5% in FY21. It forecasts global growth to shrink 4.9%. Mint explores the issue
 The International Monetary Fund updated its World Economic Outlook, sharpening India’s economic contraction to 4.5% in FY21. It forecasts global growth to shrink 4.9% and projects a deeper recession in 2020, followed by a gradual recovery. Mint explores the issue.

India and China dig in for the long haul amid troop build-up

• Government warns continuation of conflict will damage ties, acknowledges massing of Chinese troops along LAC is in violation of a 1993 agreement
• Rising tension between the two neighbours is seen as the worst in decades with a major breakdown in trust
•  India on Thursday made the normalization of ties with China conditional on the restoration of the status quo along the line of actual control, or LAC, and disengagement of troops, signalling a hardening of position amid a massive buildup of Chinese troops, tanks and artillery near the un-demarcated border.

NEW DELHI:

In the wake of pandemic, all regular time-tabled passenger services, including Mail/Express trains, passenger and suburban services stand cancelled until 12 August, the Railway Board said on Thursday.

“It has been decided that regular time-tabled passenger services including Mail/Express, passenger and suburban services stand cancelled up to 12.08.2020,” the Railway Board said in a statement.

Also, all the tickets booked for the regular time-tabled trains from 1 July-12 August stand cancelled.

“It has also been decided that all the tickets booked for the regular time-tabled trains for the journey date from 01.07.20 to 12.08.20 also stand cancelled and full refund will be generated,” said the Railway Board.

However, the 230 special trains that have been put in motion during the lockdown will continue to run, the national transporter said. Special Rajdhani and Special Mail/Express services were started on 12 May and 1 June, respectively.

Railways Cancels All Tickets For Regular Trains From July 1 To August 12:

230 special trains announced in May and June will continue, the Indian Railways said.

coronavirus: India had suspended train services in March.

The United Nations (UN) was officially came into existence on 24 October 1945 as an intergovernmental organization to maintain international peace and security. The Council is composed of 15 Members. It has 5 permanent and 10 non permanent members. India is chosen as the non permanent member for two years on 17 June 2020.

NATURAL DISASTER:

Natural calamities are universal events all over the world. It may be in the form of Odisha Super Cyclone (1999), Gujarat Earthquake (2001), Indian Ocean Tsunami (2004), Maharashtra Drought (2013) and Uttarakhand Flash Floods (2013).

CHINESE ECONOMY:

The Chinese economy is the second-largest economy in the world in terms of nominal GDP. 

China is the largest foreign exchange reserve holder in the world also. Read this article to know some important facts about the Chinese economy

What is Kashmir 4G Internet Controversy Case?

In the month of May 2020 the Foundation for Media Professionals and Jammu Kashmir Private School Association have appealed to the Supreme Court that 2G services are causing problems in running a business and the online education of children. So 4G internet service should be restored in Jammu and Kashmir.

What is the science behind social distancing?

Prime Minister Boris Johnson has announced that the two metres rule for social distancing in England is being reduced to “one metre plus”. Now the people won’t stay two metres far apart from each other to avoid the spread of coronavirus