National e-commerce marketplace ‘bharatmarket’ to be launched by CAIT 

1 Eco Daily Current Affairs Update | 06 May 2020

The marketplace will integrate 95% of retail traders onboard the national platform

It will provide end-to-end services in the logistics as well as supply chains from manufacturers to end consumers.

CAIT expects an enrollment of one crore retailers on the national platform in 2020, making it the world’s largest and most-unique e-marketplace ever

Quick Fact: CAIT (Confederation of All India Traders) is the leading advocate for small traders and businesses in India.

2.Science and Technology

Israel isolates key antibody of COVID-19

2 Science Daily Current Affairs Update | 06 May 2020

Israel Institute of Biological Research has isolated the key monoclonal neutralizing COVID-19 antibody

Monoclonal antibodies have greater potent values in treating the disease

This is the first monoclonal antibody to have been isolated

Quick Fact: Monoclonal antibodies are antibodies that are made from a unique parent cell and often bind to the same epitope in the antigen.


Commonwealth Youth Games postponed to 2023

3 Sports Daily Current Affairs Update | 06 May 2020

The 17th Commonwealth youth games were to be held from 1st August 2021 in Tobago and Trinidad.

However, they have been cancelled to avoid a clash with Tokyo Olympics

Commonwealth Youth Games is an international sport event organized by the Commonwealth Games Federation

Quick Fact: The first commonwealth games were held in Edinburgh, Scotland.

4.International Affairs

Global Report on Food Crisis 2020 released

4 International Daily Current Affairs Update | 06 May 2020

The report was released by the Global Network against Food Crisis

As per the report, around 135 million people are living under food crisis

Yemen has the highest number of such people, with around 53% of the population under food stress

Quick Fact: The Global Network against Food Crisis was launched by European Union, World Food Programme, and Food and Agriculture Organization.

5.Person in News

Ashok Michael Pinto appointed as US representative to IBRD

5 Person In News 1 Daily Current Affairs Update | 06 May 2020

Ashok Michael Pinto is an Indian American who was serving as Counselor to Under Secretary for International Affairs.

The Five major member institutions that make up the World Bank include International Bank for Reconstruction and Development (IBRD), Multilateral Investment Guarantee Agency (MIGA), International Development Association (IDA), International Finance Corporation (IFC) and International Centre for Settlement of Investment Disputes.

Quick Fact: IBRD was established in 1944 and is headquartered in Washington DC.

6.National Affairs

Smart City Programme: Control rooms for Lock Down 3.0

6 National Affairs Daily Current Affairs Update | 06 May 2020

Control rooms, designed by the private firm Honeywell, have been set up in Smart Cities

The rooms have sophisticated monitoring systems which use artificial intelligence and camera feeds to monitor the city.

This data helps policymakers make informed decisions and check programme efficacy.

Quick Fact: India’s first smart city was in Gujarat

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