9 PM Current Affairs Brief – April 26th, 2020

Good Evening Friends! We are posting Todays 9pm Current Affair Brief

Trade and Development Report

News:The United Nations Conference on Trade and Development(UNCTAD) has released its updated Trade and Development Report.

Facts:

• The Trade and Development Report (TDR) is issued every year since 1981.
• Aim: To analyse current economic trends and major policy issues of international concern and make suggestions for addressing these issues at various levels.

Additional Facts:

UNCTAD:

• It is a permanent intergovernmental body established by the United Nations General Assembly in 1964.
• It is part of the UN Secretariat and also the United Nations Development Group(UNDP).
• It reports to the UN General Assembly and the Economic and Social Council but has its own membership, leadership, and budget.
• Headquarters:Geneva, Switzerland
• Reports:
  • The Trade and Development Report
  • The World Investment Report
  • Technology and Innovation Report
  • Digital Economy Report

World Intellectual Property Day

News:World Intellectual Property Day 2020 is being celebrated on April 26, 2020.

Facts:

• World Intellectual Property Day was established by the World Intellectual Property Organization (WIPO) in 2000.
• Aim:To raise awareness of how patents, copyright, trademarks and designs impact on daily life.
• Theme:Innovate for a Green future.

Additional Facts:

WIPO:

• It is the global forum established in 1967 for intellectual property(IP) services, policy, information and cooperation.
• It is a self-funding agency of the United Nations with 193 member states.
• Headquarters: Geneva, Switzerland.
• Parent organization:United Nations Economic and Social Council.

Bill of Lading

News:The government is fast tracking a plan to implement electronic Bill of Lading(eBL) to facilitate business continuity in the trade documentation process.

Facts:

• A Bill of Lading is the key legal document in the global trade.
• It is issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried.

Additional Facts:

Port Community System(PCS1x):

• It has been launched by Indian Ports Association(IPA) under the guidance of the Ministry of Shipping.
• It is a cloud based platform which integrates stakeholders from the maritime trade on a single platform by offering services such as notification engine, workflow, mobile application, track and trace among others.

Routes of Transmission from Covid-19 Patients

News:World Health Organization(WHO) recognises three stages of COVID-19 transmission — symptomatic, presymptomatic and asymptomatic.

Facts:

• Symptomatic transmission: It refers to transmission from a person while they are experiencing symptoms.
• Presymptomatic transmission: It happens when a person spreads the disease before symptoms appear and eventually develops symptoms themselves.
• Asymptomatic transmission: Itrefers to transmission of the virus from a person who does not develop any symptoms.

Commodity Markets Outlook Report

News:World Bank has released its Commodity Markets Outlook report.

Facts:

• The report is published every year in the month of April and October.
• Aim: To provide market analysis for major commodity groups such as energy, metals, agriculture, precious metals, oil, fertilizers among others.

Additional Facts:

World Bank:

• It is an International financial Institution that was created at the 1944 Bretton Woods Conference along with the International Monetary Fund (IMF).
• Headquarters: Washington D.C, USA
• Reports:
  • Ease of Doing Business
  • World Development Report
  • Global Economic Prospects(GEP) report.