Daily Current Affairs – 2020
Topic: For Prelims and Mains
Why in news
A total amount of Rs 2.3 crores has been sanctioned for the scheme SFURTI in the budget 2020.
About the SFURTI Scheme:
Ministry – MSME (Micro, Small and Medium Enterprises)
- The scheme SFURTI-Scheme of Fund for Regeneration of Traditional industries was launched in 2005 with the view to promote Cluster development.
- Under the Scheme, financial assistance is provided for development of Khadi, coir and village Industries clusters.
- The following schemes are being merged into SFURTI
- The Scheme for Enhancing Productivity and Competitiveness of Khadi Industry and Artisans.
- The Scheme for Product Development, Design Intervention and Packaging (PRODIP).
- The Scheme for Rural Industries Service Center (RISC)
- Other small interventions like Ready Warp Units, Ready to Wear Mission, etc.
Objectives of Scheme:
- To organize the traditional industries and artisans into clusters to make them competitive and provide support for their long term sustainability
- To provide sustained employment for traditional industry artisans and rural entrepreneurs.
- To enhance marketability of products of such clusters.
- To equip traditional artisans of the associated clusters with the improved skills.
- To make provision for common facilities and improved tools and equipment for artisans.
Who can apply?
- Non-Government organizations (NGOs)
- Institutions of the Central and State Governments
- Semi-Government institutions
- Field functionaries of State and Central Govt.
- Panchayati Raj institutions (PRIs)
Group of Seven (G7)
Why in News?
The economic performance across G7 nations and leading emerging markets is expected to be muted.
- The Group of Seven (G7) comprises seven leading industrialised nations: the United States of America, the United Kingdom, France, Italy, Japan, Canada and Germany.
- In addition, the European Union sends representatives to all the meetings.
- The G7 Summit 2019 in France and in 2020 USA.
- The G7 countries represent over 46% of the gross domestic product globally based on nominal values.
- These countries represent over 32% of the GDP based on Purchasing Power Parity (PPP).
- The countries in this group have more than 62% of the global net wealth.
Goals of the G7:
- The G7 sees itself as a community of values that stands for peace, security and a self-determined life all around the world.
- Freedom and human rights, democracy and the rule of law, as well as prosperity and sustainable development are key principles of the G7.
- In 1975 the then French President Valéry Giscard d’Estaing and the then German Chancellor Helmut Schmidt invited other countries to join them for the first World Economic Summit, which later evolved into the G7 and then the G8.
- The other founding members of this Group of Six (G6) were the United Kingdom, Italy, Japan and the United States of America.
- When Canada joined in 1976, it became the Group of Seven (G7). Russia became the eighth member at the 1998 Summit in Birmingham, UK, turning the G7 into the G8.
Russia and G7:
- In March 2014 the G7 decided that, in view of Russia’s illegal annexation of Crimea, meaningful discussions within the context of the G8 are currently not possible. Since then the meetings have continued in the G7 format.
Classical Swine Fever
Why in news?
Indian Veterinary Research Institute (IVRI) releases live attenuated Classical Swine Fever (CSF) cell culture vaccine (Indigenous strain).
- Classical swine fever (CSF) is one of the most important diseases of pigs causing high mortality with annual loss of approx. Rs.4.3 billion.
- A lapinized CSF vaccine (Weybridge strain, UK) is being used in India since 1964 for controlling the disease.
- The vaccine is produced by sacrificing large numbers of rabbits for each batch.
- Country’s total requirements is 22 million doses per year and hardly 1.2 million doses are produced per year by the lapinized vaccine, as only 50 doses are produced from a single rabbit spleen.
- In order to do away sacrificing of rabbits and increase the productivity, IVRI had earlier developed a cell culture CSF vaccine by adapting the lapinized vaccine virus in cell culture.
- Since the cell culture vaccine is from a foreign strain (Weybridge Strain, UK), IVRI has further developed a new CSF Cell Culture Vaccine by attenuating an indigenous virulent CSF virus in cell culture.
- The vaccine virus has very high titre and lakhs of doses can be produced very easily in cell culture and country’s requirement can be easily fulfilled using this new vaccine.
- The new vaccine will nip the spread of the virus at animal stage so that it does not pass on to the human population.
- The new vaccine is ready for release and commercial production will be completed in less than a year.
- The vaccine would be the best choice for use in the CSF Control Programme (CSF-CP) already launched by Department of Animal Husbandry and Dairying(DAHD).
- The vaccine is safe, potent, does not revert to virulence and provide protective immunity from day 14 of the vaccination till 24 months studied so far.