Daily Current Affairs 4th 5th July 2020: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 4th 5th July 2020. It includes all Major National, International, Business and Sports related current affairs of 4th 5th July 2020. 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 4th 5th July 2020 Current affairs test.

International News

1. Prime Minister of France

  • Jean Castex has been appointed as Prime Minister of France.
  • France: Capital: Paris || Currencies: Euro, CFP franc

2. Network for Greening the Financial System

  • Asian Development Bank has become Observer for Network for Greening the Financial System.
  • ADB: Headquarters: Mandaluyong, Philippines || President: Masatsugu Asakawa
  • At the Paris “One Planet Summit” in December 2017, eight central banks and supervisors established the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). Since then, the membership of the Network has grown dramatically, across the five continents
  • The Network’s purpose is to help strengthening the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development.

Financial News

1. Special liquidity scheme for NBFCs/HFCs

  • Indian Government has approved Special liquidity scheme of Rs 30000 crore for Non-Banking Financial Company/Housing Finance Companies.
  • The most important difference between non-banking financial companies and banks is that NBFCs don’t take demand deposits.

2. MSME Emergency Response program by World Bank

  • World Bank has approved $750 Million Emergency Response Program for MSME.
  • The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.
  • President of World Bank: David Malpass.

Book Launch

1. Book ‘The Future of Higher Education’

  • Book ‘The Future of Higher Education’ is authored by CA V Pattabhi Ram.
  • Vice President M Venkaiah Naidu has virtually released it.

Important Appointments

1. UN chief to scientific group for 2021 food summit

  • Two Agricultural experts from India named by UN chief to scientific group for 2021 food summit
  • 1. World Food Prize 2020 Laureate Prof Rattan Lal of Ohio State University
  • 2. Dr Uma Lele of the International Association of Agricultural Economists (IAAE)

2. Director General of the Indian Institute of Mass Communication

  • Professor Sanjay Dwivedi has been appointed as the Director General of the Indian Institute of Mass Communication.
  • Indian Institute of Mass Communication is an Indian media centre of learning funded and promoted by the Government of India in New Delhi. The IIMC is an autonomous society under the Ministry of Information and Broadcasting.

3. Chairman of NHAI

  • Sukhbir Singh Sandhu has been re-appointed as National Highways Authority of India Chairman
  • The National Highways Authority of India is an autonomous agency of the Government of India, set up in 1988 and is responsible for management of a network of over 50,000 km of National Highways out of 1,15,000 km in India. It is a nodal agency of the Ministry of Road Transport and Highways.

Important Days

1. International Co-operative Day

  • International Co-operative Day is an annual celebration of the co-operative movement observed on the first Saturday in July since 1923 by the International Co-operative Alliance.
  • Theme: ‘Cooperatives For Climate Action’.

Obituaries

1. Saroj Khan passes away

  • Veteran Choreographer Saroj Khan passed away.
  • Saroj Khan was a leading Indian dance choreographer in Hindi cinema. She was born in Bombay State, India. She was also known as “The mother of Choreography in India”. With a career spanning over forty years, she choreographed more than 2000 songs.

Military Exercises

1. Passing Exercise PASSEX

  • The Indian and Japanese navies have conducted Passing Exercise PASSEX.
  • Japan: Prime minister: Shinzō Abe || Capital: Tokyo || Currency: Japanese yen

Sports News

1. Lin Dan retires

  • Chinese Badminton Player Lin Dan has retired.
  • Lin Dan is a former Chinese professional badminton player. He is a two-time Olympic champion, five-time World champion, as well as a six-time All England champion.

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