Current Affairs: June 26, 2020

Notes:
Union Minister of Human Resource Development, Ramesh Pokhriyal Nishank has recently launched an initiative named ‘YUKTI 2.0’.
YUKTI stands for ‘Young India combating COVID with Knowledge, Technology and Innovation’. Earlier, the Minister launched the YUKTI portal on April 11, 2020. The 2.0 portal will serve as an online depository for innovative ideas and help students, teachers and researchers in higher educational institutions.

Notes:
Government e-Marketplace (GeM), the online procurement platform for government bodies, has made the sellers mandatory to mention the ‘country of origin’ while registering all new products.
GeM is a special purpose vehicle under the Ministry of Commerce and Industry. Besides mandating fresh sellers, the GeM also mandates the sellers who had already uploaded their products to update the ‘country of origin’, with a warning that their products shall be removed if they fail to update.

Notes:
The PM CARES Fund Trust has allocated Rs 1000 crore for the welfare of migrant labourers, to all states and UTs.
The distribution of the fund is based on the formula of 50% weightage for the population as per 2011 census, 40% weightage for number of positive COVID-19 cases and 10% for equal distribution among all the States/UTs. This fund will be deployed for arranging accommodation, food, medical treatment and transportation of the migrants.

Notes:
The PM CARES Fund Trust has allocated Rs 2000 crore for supply of 50000 ‘Made-in-India’ ventilators to government-run COVID hospitals in all States and UTs.
Out of the 50,000 ventilators ordered, 30,000 ventilators are being manufactured by Bharat Electronics Limited (BEL). The remaining ventilators are being jointly manufactured by other Indian companies including AgVa Healthcare and AMTZ Basic among others. Maharashtra, Delhi and Gujarat received maximum out of 1340 ventilators distributed.

Notes:
The National Statistical Office (NSO) has recently announced that India has retained its position as the third-largest economy after China and the US in terms of purchasing power parity (PPP) for 2017.
The government quoted the World Bank data and said that India accounted for 6.7 per cent (USD 8,051 billion out of the total of USD 119,547 billion) of global GDP in terms of PPP. India is also third-largest economy in terms of its PPP-based share in global actual individual consumption and global gross capital formation.