Dollar Swap Agreement between India and US
•Dollar swap is a kind of currency swap. The word swap means exchange.
•Currency swap between the two countries is an agreement to exchange currencies with predetermined terms and conditions
•India is working with the United States to secure a dollar (currency) swap line that would help in providing an additional comfort in an event of any abrupt outflow of funds.
[India already has a currency swap facility with other central banks like Japan, UAE etc.]
•In a dollar swap arrangement, the US Federal Reserve will provide dollars to a foreign central bank. At the same time, the foreign central bank(RBI in indian case) provides the equivalent amount of funds in its currency to the Fed, based on the market exchange rate at the time of the transaction
National Board for Wildlife (NBWL)
•It is a statutory Board constituted officially in 2003 under the Wild Life (Protection) Act, 1972.
•The NBWL is chaired by the Prime Minister and is responsible for promotion of conservation and development of wildlife and forests.
•The board is ‘advisory’ in nature and can only advise the Government on policy making for conservation of wildlife.
•Recently, the Standing Committee of the National Board for Wildlife (NBWL) had its first ever video-conferencing meet.
[ In the meet the NBWL cleared infrastructure projects in 11 States]
Fall Armyworm (FAW) attack on crops in Assam
•The armyworm caterpillar is the larval stage of several species of moths.
•It has a huge appetite and can feed on more than 80 species of plants according to the entomologists.[Entomology is a branch of zoology which involves the scientific study of insects.]
•The weather is a factor because there are no pre-monsoon rains in Assam yet and the temperature is very high now. The armyworm can cause more damage in the absence of rain.
[Another major issue is reaching out to farmers. All the roads and gaps have been blocked due to the fear of contracting coronavirus.]
•【Directorate of Agriculture has reported an armyworm attack on the standing crops in the northeastern Dhemaji district of Assam】
70th foundation day of Indian Council for Cultural Relations (ICCR)
•ICCR is an autonomous organisation of the Government of India, involved in India’s external cultural relations (cultural diplomacy), through cultural exchange with other countries and their peoples.
•Due to Covid-19 pandemic it has decided not to hold any celebrations to mark the occasion.(9th April 2020.)
•It was founded in 1950 by Maulana Abul Kalam Azad, independent India’s first Education Minister.
•Maulana Azad was a brilliant debater, as indicated by his name — “Abul Kalam” which literally means “Lord of Dialogues”
[Maulana Abul Kalam Azad was posthumously awarded India’s highest civilian honour, Bharat Ratna in 1992]
Madhuban Gajar, a biofortified carrot variety
•The Madhuvan Gajar🥕 is a highly nutritious carrot variety developed through the selection method with higher β-carotene content (277.75 mg/kg, source of Vitamin A) and iron content (276.7 mg/kg)
•It was developed by Shri Vallabhhai Vasrambhai Marvaniya, a farmer scientist from Junagadh district, Gujarat
[He was also conferred with Padma Shri in the year 2019 for his extraordinary work]
•Biofortification is the process by which the nutritional quality of food crops is improved through agronomic practices, conventional plant breeding, or modern biotechnology
Kendriya Bhandar in COVID-19 Pandamic
•Kendriya Bhandar is the Central Government Employees Consumer Cooperative Society Ltd, established in 1963.
•It is the largest Consumer Cooperative Society in the country. It is a Multi State Consumer Cooperative Society, i.e. functioning in more than one state.
•It functions under the Department of Personnel and Training (DoPT), Ministry of Personnel, Public Grievances and Pensions
•Its aim is to serve the interest of the poorer sections of society through the principle of self-help and mutual help.
•Kendriya Bhandar prepared 2200 essential kits for distribution to needy families in Delhi in the wake of COVID-19.
•Each such Kit consisting of 9 items is meant to assist one needy family for some time.
【9 items in the kit are Rice, Wheat Flour, Dal, Cooking Oil, Chiwda/Poha, Salt, Bathing Soap bar, Detergent Soap bar, and Biscuits.】