Current Affairs 24th&25th June 2019
Important Current Affairs
Current Affairs 24th&25th June 2019
Saudi launches residency scheme to boost revenue:
Saudi Arabia has launched a new special residency scheme aimed at luring wealthy expats as it seeks to boost non-oil revenue.
The scheme offers a permanent residency for 800,000 riyals ($213,000) and a one-year renewable residency costing 100,000 riyals ($27,000), according to the online portal for registrations.
The scheme will allow expats to do business without a Saudi sponsor, buy property and sponsor visas for relatives.
Mexico became the first country to ratify the trade deal to replace NAFTA
Mexico became the first country to ratify the trade deal to replace 25-year-old North American Free Trade Agreement (NAFTA).
The trade deal is known as the United States- Mexico-Canada Agreement (USMCA).
The USMCA (NAFTA 2.0) modified for automakers, stricter labor, and environmental standards, intellectual property protections, and digital trade provisions.
US President Donald Trump and Canadian Prime Minister Justin Trudeau and Mexico's and President Enrique Pena Nieto signed the deal in November 2018 need to ratified by all three governments.
Device to trap ocean plastic relaunches:
A floating device designed to catch plastic waste has been redeployed in a second attempt to clean up an island of trash swirling in the Pacific Ocean between California and Hawaii.
It is part of the Ocean Cleanup Project.
Ocean currents concentrate plastic in five areas in the world: the subtropical gyres, also known as the world’s “ocean garbage patches”.
The Ocean Cleanup is a non-profit organization, developing advanced technologies to rid the world’s oceans of plastic.
Indias first iron ore mine discovered in Bangladesh
Iron ore mine discovered at Isabpur village in Dinajpur.
This announcement was made by the Geological Survey of Bangladesh.
After the effect of extensive drilling over two months in the area. A 400-foot thick iron layer was found in Bangladesh after the result of the Geological Survey.
Around 1,750 feet beneath the surface stretched over an area of 6-10 square kilometer.
The percentage of iron in the mine around 65.
It indicates the high quality of the ore. The other countries like Canada, China, Brazil, Sweden, and Australia have the percentage of iron ore is below the level of 50.
Other minerals such as gold, copper, nickel, and chromium also found at various levels of the mining.
The discovery of the iron mine opened up economic prospects for the country.
The iron concentration in the magnetite ore is 65 percent.
Odisha flood hazard atlas:
Odisha has come out with a unique flood hazard atlas on the basis of historic flood inundation captured through satellite imagery over the period from 2001 to 2018, which is expected to help the State manage floods more efficiently.
The National Remote Sensing Centre (NRSC) of the Indian Space Research Organisation (ISRO), Hyderabad had taken the study on flood hazard zonation for Odisha.
Background: Vast areas of the State are inundated when there is flooding every year in major rivers, namely, the Mahanadi, Brahmani, Baitarani, Subarnarekha and Rushikulya. Some of the rivers like the Vamsadhara and Budhabalanga, also cause flash floods due to instant run-off from their hilly catchments.