{"id":58235,"date":"2020-04-05T21:00:07","date_gmt":"2020-04-05T15:30:07","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=58235"},"modified":"2020-04-05T20:54:14","modified_gmt":"2020-04-05T15:24:14","slug":"9-pm-current-affairs-brief-april-5th-2020","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/9-pm-current-affairs-brief-april-5th-2020\/","title":{"rendered":"9 PM Current Affairs Brief \u2013 April 5th, 2020"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Good Evening Friends<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We are posting Todays 9pm Current Affair Brief<\/span><\/p>\n<p><b>About 9pm Current Affair Brief<\/b><span style=\"font-weight: 400;\"> &#8211; This initiative provides a brief of all the relevant articles of day in a clear, concise and easily consumable format. Students don\u2019t need to look anywhere more for your daily news bytes. It will help students in their prelims and mains preparation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For old Archives of 9pm Current Affair Brief, Click on \u201cArchives\u201d<\/span><\/p>\n<p><a href=\"https:\/\/forumias.com\/blog\/9-pm-brief\/\"><span style=\"font-weight: 400;\">9pm Current Affair Briefs Archives<\/span><\/a><span style=\"font-weight: 400;\"> \u2192<\/span><\/p>\n<p><a href=\"https:\/\/indianexpress.com\/article\/explained\/coronavirus-lockdown-economy-crisis-great-depression-explained-6347511\/\"><b>The Great Depression 1929<\/b><\/a><\/p>\n<p><b>News: <\/b><span style=\"font-weight: 400;\">Economists have been comparing the current crisis with the Great Depression of 1929.<\/span><\/p>\n<p><b>Facts:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The Great Depression was a major economic crisis that began in the United States in 1929 and went to have a worldwide impact until 1939.<\/span><\/li>\n<li><b>Reasons:<span style=\"font-weight: 400;\"> a) U.S Stock Market Crash of 1929 b) Bank Failures c) Reduction in Purchasing Across the Board d) United States Economic Policy with Europe and e) Drought Conditions.<\/span><\/b><\/li>\n<li><span style=\"font-weight: bold;\">Impact: <\/span><span>a) Increase in Unemployment b) Extreme Human Suffering c) Deflation d) Political upheavals such as rise of fascism in Europe among others.<\/span><\/li>\n<li><span style=\"font-weight: bold;\">Impact on India:<\/span><span> a) Drastic fall in agricultural prices and a severe credit contraction which led to peasants protest b) Launch of Civil Disobedience movement c) No Rent campaigns in many parts of the country d) Landslide victory of the Indian National Congress in the 1936-37 provincial election among others.<\/span><\/li>\n<\/ul>\n<p>[read more]<\/p>\n<p><a href=\"https:\/\/pib.gov.in\/PressReleaseIframePage.aspx?PRID=1610716\"><b>Centre for Augmenting WAR with COVID-19 Health Crisis(CAWACH)<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">Department of Science &amp; Technology(DST) has decided to set up a Centre for Augmenting WAR with COVID-19 Health Crisis(CAWACH).<\/span><\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Aim:<span style=\"font-weight: 400;\">To evaluate and support the innovations and start-ups that address COVID-19 challenges.<\/span><\/b><\/li>\n<li><span style=\"font-weight: bold;\">Implementation:<\/span><span>The Society for Innovation and Entrepreneurship (SINE), a technology business incubator at IIT Bombay supported by DST.<\/span><\/li>\n<li><span style=\"font-weight: bold;\">Mandate:<\/span><span>It will extend to startups by way of the requisite financial assistance and fund deployment targeting innovations that are deployable in the market within the next 6 months.<\/span><\/li>\n<\/ul>\n<p><b>Additional Facts:<\/b><\/p>\n<p><b>CARUNA Initiative:<\/b><span style=\"font-weight: 400;\">Caruna stands for Civil Services Associations Reach to Support in Natural Disasters.It represents a collaborative platform on which civil servants, industry leaders among others have come together to support the government&#8217;s efforts in fighting coronavirus.<\/span><\/p>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/india\/in-a-relief-for-ndtv-sc-quashes-i-t-dept-notice-alleging-roundtripping-of-money-5106141.html\"><b>Explained:What is Round Tripping?<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">Supreme Court has rejected the Income Tax department notice against a News Channel alleging round tripping of money.<\/span><\/p>\n<p><b>Facts:<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Round tripping refers to money that leaves the country through various channels and makes its way back into the country often as foreign investment.<\/span><\/li>\n<li><b>Reasons:<\/b><span style=\"font-weight: 400;\">There are various reasons that promote round tripping.Mainly, Tax concessions allowed in the foreign country encourages individuals to park money there and then reroute it.<\/span><\/li>\n<li><b>Ways:<span style=\"font-weight: 400;\"> Round Tripping money could be invested in offshore funds that in turn invest in Indian assets.Participatory Notes(P-Notes) is one of the routes that have been used in the past.<\/span><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Additional Facts:<\/b><\/p>\n<p><b>Participatory notes(P-notes)<\/b><span style=\"font-weight: 400;\">: These are issued by registered foreign portfolio investors(FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves with the market regulator(Securities and Exchange Board of India).<\/span><\/p>\n<p>[\/read]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good Evening Friends We are posting Todays 9pm Current Affair Brief About 9pm Current Affair Brief &#8211; This initiative provides a brief of all the relevant articles of day in a clear, concise and easily consumable format. Students don\u2019t need to look anywhere more for your daily news bytes. It will help students in their&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/9-pm-current-affairs-brief-april-5th-2020\/\">Continue reading <span class=\"screen-reader-text\">9 PM Current Affairs Brief \u2013 April 5th, 2020<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":48116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[14,9],"tags":[],"class_list":["post-58235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-9-pm-brief","category-public","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2019\/06\/9-PM-Brief.png?fit=1000%2C500&ssl=1","views":{"total":0,"cached_at":"","cached_date":1704911560},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/58235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=58235"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/58235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/48116"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=58235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=58235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=58235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}