International Current Affairs - 2020
Latest International Current Affairs 2019 with news summaries and current events in International developments, geopolitical, organizations, groupings and fora related updates for India and world with all important national news updates and events for the year 2019.
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On March 29, 2020, the Union Minister Dharmendra Pradhan announced that Saudi Arabia has assured India on uninterrupted LPG supply amidst growing threat of COVID-19.
LPG in India
India is the second largest importer of LPG in the world. It fulfils half of its requirements from the middle east countries such as Qatar, Saudi Arabia, Oman, Kuwait.
LPG Imports of India
With Government of India promoting cleaner fuel, the usage of LPG in India has increased. In the year 2018-19, the usage of LPG in the country increased by 6.9% as compared to the previous year. In 2020, it increased by 6.7%. The imports increased by 15.9% as compared to the earlier year.
In 2018-19, India consumed 24.9 million tonnes of LPG. The consumption has increased greatly after the introduction of Ujjwala Programme.
LPG and Kerosene
With increased usage of LPG, the usage of Kerosene began to decrease. The sales of Kerosene decreased by 10% in 2018-19. GoI is slowly trying to stop selling Kerosene as domestic fuel. Kerosene is currently sold at subsidized rates in pubic distribution shops operated by GoI.
Tags: Dharmendra Pradhan • Energy Security • Imports • India-Saudi Arabia • LPG
US President Donald Trump invoked the Defence Production Act recently. The act has been invoked in order to direct General Motors, a Multinational Corporation to manufacture ventilators needed to fight COVID-19.
The act was enacted in 1950 in response to Korean War. Under the act, President Truman established defence mobilization and also imposed price controls and regulated heavy industries.
In 2011, President Obama invoked the law to force the telecommunications industries to provide information related to the use of foreign-manufactured hardware and software in the networks of the companies.
Three Major Sections of the act
- The act authorizes the president of the United States to make or even force a business to accept and prioritize contracts that are essential for defence of the country.
- It authorizes the President to frame regulations, order to allocate services, materials and facilities that will promote defence of the country.
- It also authorizes the President to force industries to expand production, impose price controls and control consumers to allocate raw materials to fulfill the needs of the country.
Tags: Barack Obama • Cold War • Corona Virus • COVID-19 • Donald Trump