India has retained its position as the 3rd-largest economy in the world in terms of purchasing power parity, even as it is way behind the US & China. India accounts for 6.7% ($ 8,051-b) out of the world's total of $119,547 billion of GDP in terms of PPP.
World Bank has released new PPPs for the reference year 2017.
India has announced contributing 10 million US dollar to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) over the coming two years. India provides 250 annual scholarships to Palestinian youth and officials.
UNRWA was established on December 1949.
China has decided to join a global pact on regulations of arms sales showing its willingness to address the poorly regulated international arms trade after the United States pulled out last year. Arms Trade Treaty entered into force on December 24, 2014.
ATT regulates the international trade in conventional arms.
Serbia's president Aleksandar Vucic declared a landslide victory for his right-wing party, in a controversial parliamentary election held amid concerns over a boycott by much of the opposition. His party won 190 seats in a total of 250.
Serbia Capital- Belgrade, Currency- Serbian dinar.
China launched the last satellite of the BeiDou Navigation Satellite System from the Xichang Satellite Launch Center. The satellite, carried by a Long March-3B carrier rocket, is the 30th BDS-3 satellite and the 55th of the whole BeiDou satellite family.
Final BDS satellite is the largest of its kind in the family.
India's GDP will contract 3.1% in 2020, according to Moody's Global Macro Outlook report for June, which notes that the global economy has started showing signs of life, but the recovery will be long & bumpy. G20 economies will contract by 4.6% in 2020.
India’s GDP is seen bouncing back to 6.9 percent in 2021.
The PM-CARES Fund Trust has allocated Rs. 2,000 crores for supply of 50,000 ‘Made-in-India’ ventilators to government run COVID hospitals in all States and UTs. In addition, Rs. 1,000 crores have been allocated for the welfare of migrant labourers.
Larger portion of the fund was allocated to Maharashtra.
Human Resource Development Minister, Ramesh Pokhriyal ‘Nishank’, launched ‘YUKTI 2.0’ initiative to help systematically assimilate technologies having commercial potential & information related to incubated start-ups in our higher education institutions.
Minister had launched the YUKTI web portal on April 2020.
Rajasthan CM Ashok Gehlot announced that government will soon launch the Indira Rasoi Yojna for the poor to ensure that ‘no one sleeps hungry’ in the state. Under this scheme, pure & nutritious food on concessional rates will be provided twice a day.
Government will spend Rs 100 crore every year.
A research team at the IISc, Bengaluru has developed nanozymes that destroy the cell membrane of bacteria by directly targeting its phospholipids. Nanozymes are nanomaterials that can disintegrate the cell membranes of a range of diseases causing bacteria.
Study was published in ACS Applied BioMaterials journal.