Day June 4, 2020

Syama Prasad Mookerjee Port

• The Union Cabinet has given its approval to rename Kolkata Port as Syama Prasad Mookerjee Port. About: • The Kolkata Port is the first Major Port as well as the only riverine port of the country. • It came…

SWADES

• Union Government has launched a new initiative SWADES- Skilled Workers Arrival Database for Employment Support to conduct a skill mapping exercise of the returning citizens under the Vande Bharat Mission. About: • This is a joint initiative of the…

Global Economic Prospects report

• The World Bank released its Global Economic Prospects (GEP) June 2020 report. Key highlights of the report: • The COVID-19 pandemic is expected to have “severe” short and long-term effects on economic growth. • Current estimates show that 60…

Moody’s downgraded India’s rating

• Moody’s Investors Service (“Moody’s”) downgraded the Government of India’s foreign-currency and local-currency long-term issuer ratings to “Baa3” from “Baa2”. It stated that the outlook remained “negative”. About: • The latest downgrade reduces India to the lowest investment grade of…