Current Affairs – July, 2020

Unemployment Rate fell to 10.9 % in June from 23.5 % in May 2020

With Unlock 1 from 8th June 2020, economic activities have resumed in the country as a result of which after two months the unemployment rate has fallen significantly. As per the data for the month of June 2020 released by the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in June 2020 was 10.9 Read More…

World Bank Group approves USD 400 million for SNGRBP

Last week the Board of Executive Directors of the World Bank Group has approved a loan of USD 400 million for the rejuvenation of the Ganga River under the NAMAMI Gange Program of the Government of India. The loan approved by the World Bank Group is for strengthening the river basin. Back in 2015, the Read More…

NAFTA 2.0 comes into effect from 1st July 2020

A new free trade agreement between the United States, Mexico, and Canada comes into effect from 1st July 2020 onwards. It replaced the earlier 26 years old free trade agreement between the three countries- North America Free Trade Agreement (NAFTA). The new free trade agreement has been ratified by all three countries. All three signatories Read More…

Kerala Government announced ‘Dream Kerala’ Project

The Kerala State Government Cabinet on 1st July 2020 has decided to roll out a project for the rehabilitation of Non-Resident Indian’s (NRI’s) returning to the state following the loss of employment due to the COVID-19 outbreak. The project has been named as ‘Dream Kerala’ Project’. Important of NRI Remittances For Kerala, the importance of Read More…

77.95% Russians Voted in Favour of Constitutional Amendment, Putin can lead Russia until 2036

Constitutional Referendum as proposed by the President of Russia Vladimir Putin during his address to the Federal Assembly on 15th January 2020 was held from 25th June to 1st July 2020. As per the votes during the Referendum, 77.95 percent of Russian citizens have voted in support of the Amendments to the 1993 Constitution of Read More…