Major Events happened in 2020 in India

Major events that happened in India ( Jan-April)

Current affairs play a crucial role in an individual’s if he is preparing for competitive exams. General awareness is a must these days. Even exams conducted for jobs and interviews also have questions of general knowledge. As a result, it is a must that you are well aware of what is happening in and around the world. You may not need to know the minute details of every event but the basic idea of what is going on should be clear.

Get your facts straight and do not fall for misinformation. No information at all is still better than false information. The source from which you get informed should be credible enough to be trusted. Studying current events also help you understand the importance of people, society and issues in the country.

In this article, we will learn about the major events that happened in India in 2020. Let us take a walk down the memory lane of prime events which occurred in the year 2020:

January 2020

• The union government released the‘State Energy Efficiency Index 2019’. The index was released in New Delhi during the ‘Review, Planning and Monitoring’ meeting.  This index is developed by the Bureau of Energy Efficiency (BEE) along with Alliance for an Energy-Efficient Economy (AEEE).

• The Reserve Bank of India (RBI) gave permission for 24*7-rupee trading through select banks in Indian rupee to Indians which will help them safeguard their foreign exchange risks at any time.
• India is listed as the 5^thlargest Geopolitical Risk of 2020. The listing is done by Eurasia Group in their reports. The report states top ten risks of the year 2020. The Eurasia Group releases a report considering the geopolitical factors that include global investors, multinational firms and various financial and business consultancies.
• Economist Intelligence Unit (EIU) released the 12^thedition of ‘Democracy Index 2019: A year of democratic setbacks and popular protests.’ India ranked 51^st in EIUs Democratic Index 2019. The index is based on the functioning of the government, election process, political participation and culture, and civil liberties in a country.

Read more: Important schemes/policies launched in Budget 2020-21

February 2020

• The Reserve Bank of India released the 6^thbi-monthly monetary policy 2019-20. In this policy, the RBI decided to keep the repo rate unchanged to 5.15%. This step of keeping the rate unchanged was taken under the influence of revival of the economy and growth, ensuring that the inflation remains within the target.

• As per the World Steel Association data, India ranked the second-largest producer of Crude Steel after China in 2019. India’s crude steel production in 2019 was at 111.2 MT, an increase of 1.7 per cent from 109.3 MT in 2018. China remains number one with 996.3 million tonnes in 2019. The United States and Russia rank fourth and fifth respectively.

• India ranks 40^thout of the 53^r countries on a global intellectual property index 2020. India was at 36^th position in 2019 among the top 50 countries. This index was released as a part of an annual report prepared by the Global Innovation Policy Centre (GIPC) of the US Chambers of Commerce.

• According to the UN report, India is at the 77^thposition in the Sustainability Index 2020 and 131^st at the flourishing index. The sustainability index considers the per capita carbon emissions and ability of children to live a healthy life.

March 2020

• The expected date of launch of Chandrayaan-3 was announced from the Prime Minister’s office by Jitendra Singh. Singh clearly mentioned that the possible date of the launch will be the first half of 2021.

• The Prime Minister announced a nationwide lockdown i.e.‘People’s Curfew’ effective from 22^nd March 2020 as a fight against the pandemic COVID-19. He also announced that the government will set up a Covid-19 Economic Response Task Force which will be headed by the Finance Minister of India.

• The Reserve Bank of India (RBI) will infuse liquidity of Rs 30,000 crore to maintain financial stability in the Indian Economy.This decision was taken to distress the market that was largely affected by the COVID-19 outbreak.

• India is on the 12^thrank in the world as per the study named ‘Women on Board 2020.’ This report was launched by MyHiringClub and Sarkari-Naukri. The study was based on the number of women in the company’s board globally.

April 2020

• RBI announced a number of measures that will help tackle the COVID-19 pandemic. The main aim of these measures was to facilitate and incentivize bank credit flows, ease the financial stress and enable the formal functioning of the market.

• The Government of India has granted the extension to the Foreign Trade Policy (FTP) by another one year i.e. up to 31st March 2021. The FTP was implemented on 1st April, 2015 for 5 years and was valid up to 31st March 2020.The decision to extend the validity of the Foreign Trade Policy (FTP) was taken in view of the unprecedented current situation arising out of the pandemic Novel Covid-19.

• The Asian Development Bank released its annual economic publication‘Asian Development Outlook 2020’ and projected India’s growth rate will slow down by 4% in the current financial year.

• The government of India announced a Rs 15,000 crore package to give a boost to the health infrastructure. These initiatives were taken collectively under the umbrella of the Ministry of Health and Family Welfare.

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