Current Affairs 2020

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This post contains important current affairs of 3 July 2020. It includes all Major National, International, Business and Sports related current affairs of 3 July 2020. We have collected the latest current affairs and compiled them date wise. These current affairs are important for all competitive exams like bank, ssc, ibps, sbi exams. The GK current affairs will help you score more in these competitive exams. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 3 July 2020 Current affairs test.

Karnataka govt launches portal to connect job seekers and employers
Karnataka Chief Minister BS Yediyurappa launched ‘Skill Connect Forum’, a portal that connects job seekers with employers on a common platform. The Skill Connect Forum portal provides information on available jobs

Urban forest created at polluted ITO in Delhi
The Union Minister of Environment, Forest and Climate Change Prakash Javadekar along with CAG Rajiv Mehri inaugurated the dense urban forest. The forest has been created in a park adjacent to the ITO metro station, Delhi. It has been created by planting at least 12,000 saplings of 59 indigenous tree species. It has been built by the government’s official auditor comptroller and auditor general.

NHAI to set up InvIT, Committee formed to select best talent for the Board
National Highway Authority of India (NHAI) is to set up an Infrastructure Investment Trust (InvIT) with an aim to facilitate investment in the highway sector. As part of the structure, a new company will be set up to act as the Investment Manager to the proposed InvIT.

Centre provided tap connections to 19 lakh households under JJM amid the COVID-19 pandemic
Government of India has provided 19 lakh households tap connections under Jal Jeevan Mission (JJM). JJM aims to provide functional household tap connections (FHTCs) to every rural household of the country by the year 2024. It aims to ensure potable water supply in adequate quantity, which is 55 lpcd (Litres per capita per day), of prescribed quality on a long-term and regular basis. The programme will benefit all rural people.

Private Train Operations Likely To Begin By April 2023
Private train operations in the country will begin by April 2023, and the ticket fares in these trains will be competitive with airfares on similar routes.

ICICI Bank launches instant loan facility against mutual funds
ICICI Bank has launched a facility that enables retail customers to get loan of up to 1 crore instantaneously by pledging their holdings in both debt and equity mutual funds. The fully digital and paperless facility empowers the customers to avail this loan as an overdraft (OD) in a matter of few minutes, without visiting a branch and submitting physical documents. ICICI Bank has launched ‘Insta Loans against Mutual Funds’ in partnership with ‘Computer Age Management Services’ (CAMS).

Kotak Mahindra Bank, Innoviti tie up to offer EMIs
Kotak Mahindra Bank and Innoviti Payment Solutions announced that they have collaborated to offer equated monthly instalments (EMI) billing options on Kotak debit
cards swiped on Innoviti POS terminals. The facility will allow over 1 crore Kotak customers to pay for their purchases in instalments by using the EMIs on debit cards facility at over 70,000 Innoviti POS terminals across more than 1,000 cities.

Fitch slashes India’s growth projection from 9.5% to 8% for FY22
Fitch Ratings cut India’s growth forecast for 2021-22 fiscal to 8 per cent from 9.5 per cent projected last month. It retained its projection of Indian economy contracting by 5 per cent in the current fiscal. Indian economic growth stood at an estimated 4.2 per cent in 2019-20. In its June update of Global Economic Outlook, Fitch projected Indian economy to grow 5.5 per cent in 2022-23.

Intel Capital to invest Rs 1,894 cr in Jio Platforms
Reliance Industries Limited and Jio Platforms Limited announced that Intel Capital will invest Rs. 1,894.50 crore in Jio Platforms at an equity value of 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. Intel Capital’s investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis.

Prof Sanjay Dwivedi appointed Director General of IIMC
Professor Sanjay Dwivedi was appointed as the Director General of the Indian Institute of Mass Communication (IIMC). Prof. Dwivedi is at present Registrar of Makhanlal Chaturvedi National University of Journalism and Communication, Bhopal.

Karnam Sekar retires as Indian Overseas Bank MD & CEO
Public sector Indian Overseas Bank’s (IOB) managing director and chief executive Karnam Sekar retired on June 30. Mr. Sekar was appointed as OSD of IOB after merger of Dena Bank and Vijaya Bank into Bank of Baroda.

DCGI approved Zydus Healthcare’s COVID-19 vaccine for human clinical trials
Drugs Controller General of India (DCGI) approved a potential COVID-19 vaccine indigenously developed by the Ahmedabad-based Zydus Cadila Healthcare Ltd. The vaccine will be used for human clinical trials. The approval process was fast-tracked after the recommendation by the subject expert committee on COVID-19. It considered the emergency medical need during the COVID-19 pandemic.

Centre launched Drug Discovery Hackathon for supporting drug discovery process
Centre launched Drug Discovery Hackathon on 2 July 2020 in the presence of Union Minister for Science and Technology Dr. Harsh Vardhan and Union Minister for Human Resource Development Shri Ramesh Pokhriyal ‘Nishank’.

IIT-Roorkee researchers develop sterilizing system for personal belongings
IIT-Roorkee has developed a disinfection box that can be used for sterilizing a wide variety of personal belongings including medical equipment, Personal Protection Equipment, apparels among others, against coronavirus. Termed as the ‘Unisaviour’ box, it comprises a metal coated with specially- designed highly reflective geometry to allow the calibrated passage of UVC light to disinfect personal belongings.

Bollywood choreographer Saroj Khan dies at 72 in Mumbai
Bollywood choreographer Saroj Khan passed away after suffering a cardiac arrest in Mumbai. She was a recipient of three National Awards for films Devdas, Jab We Met and Sringaram (Tamil). She won Filmfare Awards for movies like Hum Dil De Chuke Sanam, Guru, Khalnayak and Chaalbaaz.