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Important Current Affairs 25th May 2020

National

Prakash Javadekar launched major initiatives on International Biodiversity Day

The Union Minister of Environment, Forest and Climate Change, Shri Prakash Javadekar virtually launched five key initiatives towards conservation of biodiversity on the occasion of International Day for Biological Diversity on 22 May 2020.

• National Biodiversity Authority (NBA) and United Nations Development Programme (UNDP) ‘Biodiversity Samrakshan Internship Programme which proposes to engage 20 students with postgraduate degrees for a period of one year through an open, transparent, online competitive process.

• Launch of UNEP Campaign on Illegal Trafficking of Endangered Species: ‘Not all Animals Migrate by Choice’.

• A Webinar Series on ‘Biodiversity Conservation and Biological Diversity Act, 2002’

• WWF Model Conference of Parties (MCoP), to involve the younger generation so they engage in conversations around impact of humanity’s footprint on biodiversity.

• An awareness campaign supported by WWF to highlight the crucial role played by nature through its free ecological services provided for humankind.

Andhra Pradesh Launches Rs 1,110 crore Mega ReSTART Package for MSMEs

• In Andhra Pradesh, Chief Minister YS Jagan Mohan Reddy has announced Rs 1,110 crore ReSTART package for MSMEs to strengthen the sector during this emergency situation as well as create employment.

• The government immediately released Rs 450 crore as the first instalment under the scheme, which would benefit nearly 98,000 units. These units employ more than 10 lakh people who were facing hardships.

MoHFW constitutes committee to reform Drug Regulatory System

The Ministry of Health and Family Welfare (MoHFW) has constituted a committee to reform the Drug Regulatory System. The committee comprises of 11 members including the senior health officials, scientists and representatives of the pharmaceutical industry. The committee is being headed by Rajesh Bhushan, Officer on Special Duty to the Union health minister.

Obituary

Hockey legend Balbir Singh Sr dies at 96

• Former Indian hockey player Balbir Singh Dosanjh passed away. He was a part of three-time Olympic gold medal-winning Indian hockey team, i.e. in London Olympics (1948), Helsinki Olympics (1952), and Melbourne Olympics (1956).

• In 1956 Olympics, he was the captain of the Indian team that won the gold medal after defeating Pakistan in the finals. The three-time Olympic-medal winner was battling multiple health issues.

• He is survived by three sons Karanbir, Kanwalbir, and Gurbir and a daughter Sushbir. He was conferred with one of India's prestigious awards, Padma Shri in 1957.

Appointments and Resignations

Indian-origin Siddhartha Mukherjee appointed to Commission on Economic Recovery of New York

• Indian-American physician Siddhartha Mukherjee has been appointed as the Member of Commission on Economic Recovery of New York. The commission focuses on jumpstarting the economy of the state.

• On the other hand, Indian-origin Satish Tripathi has been appointed as the Member of the commission.

Days

International Missing Children’s Day

• Every year, 25 May is observed as International Missing Children’s Day (IMCD) around the world to commemorate the missing children who have found their way home, remember those who have been victims of crime, and continue efforts to find those who are still missing.

• The symbol for IMCD is the forget-me-not flower.

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Important Current Affairs 22nd May 2020

National

Rajiv Gandhi Kisan Nyay Yojana launched in Chhattisgarh

• Chhattisgarh CM Bhupesh Baghel has launched the Rajiv Gandhi Kisan Nyay Yojana to mark the 29th anniversary of former PM Rajiv Gandhi. The scheme launched with financial outlay of Rs. 5,700 crore aims to stimulate the economy of rural areas of the state amid the situation.

• The scheme was announced in the Chhattisgarh Budget 2020-21.

Beneficiaries under Ayushman Bharat crosses 1 crore mark

• The number of beneficiaries under the ‘Ayushman Bharat’ scheme has crossed the one crore mark. This was informed by Prime Minister Narendra Modi.

• Pradhan Mantri Jan Arogya Yojana-Ayushman Bharat was launched in 2018 by PM Modi as the biggest government-sponsored healthcare scheme in the world.

Science and Technology

Sun goes into ‘Solar Minimum’ state

• Space agencies recently reported that the sun has entered the ‘Solar Minimum’ state and is soon going to make entry into the deepest period of sunshine recession.

• The Solar minimum is currently underway and is a deep one.

Sports

NADA Suspends Power lifters Savita Kumari and Ankit Shishodia for violating anti-doping rules

The National Anti-Doping Agency (NADA) has provisionally suspended Power lifters Savita Kumari and Ankit Shishodia for violating anti-doping rules.

Appointments and Resignations

Crisis expert Carmen Reinhart appointed World Bank Chief Economist

• World Bank Group has appointed Carmen Reinhart as its new Vice President and Chief Economist. Her appointment will be effective from June 15, 2020. She was a Senior Policy Advisor and Deputy Director at the IMF and Vice President and Chief Economist of the investment bank Bear Stearns.

• She has been listed among Bloomberg Markets Most Influential 50 in Finance, Foreign Policy’s Top 100 Global Thinkers, and Thomson Reuters’ The World’s Most Influential Scientific Minds.

Govinda Rajulu Chintala appointed NABARD chairman, Shaji KV and PVS Surya kumar appointed as DMD of NABARD

• The appointments committee of the union cabinet appointed Govinda Rajulu Chintala as Chairman of National Bank for Agriculture and Rural Development (NABARD). He was the successor of Harsh Kumar Bhanwala.

• P V S Suryakumar: Suryakumar served as the chief general manager (CGM) of the NABARD, will hold the postof DMD of NABARD till his superannuation on July 31, 2023.

• Presently, Dr. Harsh Kumar Bhanwala is serving as the Chairman of NABARD.

Days

Anti Terrorism Day 2020

• Anti Terrorism Day 2020 is observed on 21st May every year in India. The day marks the death anniversary of India’s seventh Prime Minister Rajiv Gandhi on 21 May 1991.

• He was killed in Tamil Nadu in a campaign by the Tamil Tigers Eelam (LTTE) a terrorist group. After this assassination, V.P. Singh government has decided to observe 21st May as Anti Terrorism Day.

World Metrology Day

• World Metrology Day is observed globally on 20th May every year. Many nations on this day, internationally collaborate to create awareness about metrology and its advancement in the respective field.

• This year theme for World Metrology Day: Measurements for global trade. This theme was chosen to create awareness of the important role measurement plays in facilitating fair global trade, ensuring products meet standards and regulations, and satisfying customer quality expectations.

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Important Current Affairs 14th May 2020

National

Economic Relief Package announced for “Aatmanirbhar Bharat Abhiyan”

In continuation to PM Modi’s announcement of Rs 20 lakh crore boost to the economy, the Finance Minister of India, Smt. Nirmala Sitharaman has made certain announcements for relief and credit support related to businesses, especially MSMEs to support the Indian Economy. These are the announcements made on May 13, 2020.

• Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs-  This will be available to units with uptoRs 25 crore outstanding and turnover of up to Rs 100 crore whose accounts are standard.

• Rs 20,000 crore Subordinate Debt for Stressed MSMEs- Provision made for Rs. 20,000 cr subordinate debt for two lakh MSMEs which are NPA or are stressed. Government will support them with Rs. 4,000 Cr. to Credit Guarantee Trust for Micro and Small enterprises (CGTMSE). Banks are expected to provide the subordinate-debt to promoters of such MSMEs equal to 15% of his existing stake in the unit subject to a maximum of Rs 75 lakhs.

• Rs 50,000 crores equity infusion through MSME Fund of Funds- Govt will set up a Fund of Funds with a corpus of Rs 10,000 crore that will provide equity funding support for MSMEs. The Fund of Funds shall be operated through a Mother and a few Daughter funds.

• New definition of MSME- Definition of MSME will be revised by raising the Investment limit.  Additional criteria of turnover also being introduced. MSME receivables from Government and CPSEs will be released in 45 days

• Employees Provident Fund Support for business and organised workers- The scheme introduced as part of PMGKP under which Government of India contributes 12% of salary each on behalf of both employer and employee to EPF will be extended by another 3 months for salary months of June, July and August 2020. Total benefits accrued is about Rs 2500 crores to 72.22 lakh employees.

• EPF Contribution to be reduced for Employers and Employees for 3 months- Statutory PF contribution of both employer and employee reduced to 10% each from existing 12% each for all establishments covered by EPFO for next 3 months. This will provide liquidity of about Rs.2250 Crore per month.

• Rs 30,000 crores Special Liquidity Scheme for NBFC/HFC/MFIs- Government will launch Rs 30,000 crore Special Liquidity Scheme, liquidity being provided by RBI. This will be 100 percent guaranteed by the Government of India.

• Rs 45,000 crores Partial credit guarantee Scheme 2.0 for Liabilities of NBFCs/MFIs- Existing Partial Credit Guarantee scheme is being revamped and now will be extended to cover the borrowings of lower rated NBFCs, HFCs and other Micro Finance Institutions (MFIs). Government of India will provide 20 percent first loss sovereign guarantee to Public Sector Banks.

• Rs 90,000 crore Liquidity Injection for DISCOMs- Power Finance Corporation and Rural Electrification Corporation will infuse liquidity in the DISCOMS to the extent of Rs 90000 crores in two equal instalments. This amount will be used by DISCOMS to pay their dues to Transmission and Generation companies. Further, CPSE GENCOs will give a rebate to DISCOMS on the condition that the same is passed on to the final consumers as a relief towards their fixed charges.

• The TDS rates for all non-salaried payment to residents, and tax collected at source rate will be reduced by 25 percent of the specified rates for the remaining period of FY 20-21.This will provided liquidity to the tune of Rs 50,000 Crore.

• Tax related measures- The due date of all Income Tax Returns for Assessment Year 2020-21 will be extended to 30 November, 2020.

Telangana becomes first Indian state to regulate crop cultivation

• Telangana recently became the first Indian state to tell farmers what to grow as a part of its pilot project. The government will now be regulating the cultivation of crops and will limit the growing of paddy crops to just 50 lakh acres.

• The state government has also regulated the cultivation of Red Gram to 10 lakh acres.

Banking and Economy

BRICS' Bank provides USD 1 billion loan to India

• The BRICS’s New Development Bank has decided to provide USD 1 billion emergency assistance loan to India to reduce human, social and economic losses.

• The 'Emergency Assistance Program Loan' to India was approved by the Board of Directors of the bank on April 30, 2020. “The loan was approved in response to the immediate financing needs of the Indian Government," said NDB Vice President and CEO Xian Zhu.

Awards

Sania Mirza becomes 1st Indian to win Fed Cup Heart Award

• Tennis player Sania Mirza on Monday became the first Indian to win the Fed Cup Heart Award for her successful return to the court post motherhood.

• Sania won the award for Asia/Oceania zone after securing a whopping 10,000 plus votes out of the total 16,985 cast for this year's three regional Group I nominees.

• She  is one of 4 winners chosen by a public vote, alongside AnastasijaSevastova of Latvia (wins Qualifiers award), Estonian AnettKontaveit (Europe/Africa I zone) and Mexico’s Fernanda Contreras Gomez (Americas I zone).

Obituary

Grammy-winning singer Betty Wright passes away

• The Grammy-winning soul singer, Betty Wright passed away. Her real name is Bessie Regina Norris. She is an R&B (Rhythm & blues) singer, songwriter and background vocalist.

• She received her first Grammy Award for the Best Song, “Where is the Love?”.

Appointments and Resignations

Manoj Ahuja appointed as new Chairman of CBSE

•  Manoj Ahuja was appointed as the new Chairman of Central Board of Secondary Education (CBSE) on May 12, 2020. He will be replacing IAS officer Anita Karwal, who has been appointed as the Secretary, Department of School Education and Literacy under Human Resource Development Ministry.

•  Manoj Ahuja is a 1990 batch IAS officer of Odisha cadre. He is currently serving as the Special Director at the Lal Bahadur  Shastri National Academy of Administration under the Department of Personnel and Training.

V. Vidyavathi becomes new DG of Archaeological Survey of India

IAS officer V. Vidyavathi is appointed as the new Director-General of Archaeological Survey of India(ASI) effective from 12th May 2020. She is a 1991 batch Karnataka cadre officer.

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Important Current Affairs 4th May 2020

National

‘One nation, one ration card’ scheme: 5 more states & UT’s added to the initiative

• 'One nation, one ration card' scheme will help 60 crore beneficiaries to purchase subsidized food grains using their existing ration card from the fair price shops anywhere in these 17 states and UT's.

• The newly approved states/UTs under this plan are Uttar Pradesh, Bihar, Punjab, Himachal Pradesh and Dadra & Nagar Haveli and Daman & Diu.

• Already this plan has been initiated in 12 states viz. Andhra Pradesh, Goa, Gujarat, Haryana, Jharkhand, Kerala, Karnataka Madhya Pradesh, Maharashtra, Rajasthan, Telangana and Tripura.

Banking and Economy

RBI permits Visa, Mastercard and NPCI for contact-free payments for any amount

•The Reserve Bank of India has permitted the country’s payment networks — Visa, Mastercard and NPCI to allow tap-and-go functionality on card payments for all purchases at retail stores and shopping centers.

•Earlier this facility was available for card payment up to amount Rs 2000. Now tap-and-go functionality will be available even for purchases made above Rs 2000.

•However, the transactions with are about Rs 2,000 shall be authenticated by PIN.

Awards

Indian-origin girl Vaneeza Rupani names NASA’s 1st Mars Helicopter

• 17-year-old, Indian-origin girl, VaneezaRupani has been honoured of naming the NASA’s 1st Mars helicopter ‘Ingenuity’. she submitted her essay into NASA’s “Name the Rover” contest.

• She has suggested the name ‘INGENUITY’ for the helicopter, which has been liked and accepted by NASA. She is a high school junior from Northport, Alabama.

Sports

Former World Snooker champion Peter Ebdon announces retirement

• Former World Snooker Champion Peter Ebdon has announced his retirement from professional snooker. He has announced his retirement after suffering from various neck and back injuries.

• Peter Ebdon was the winner of 2002 World Snooker championship when he defeated Stephen Hendry in an 18-17 final thriller.

Appointments and Resignations

Neeraj Dhawan appointed as Chief Risk Officer at Yes Bank

• Neeraj Dhawan has been appointed as the chief risk officer of Yes Bank with immediate effect.

• He will replace Ashish Agarwal and serve at the position for 3 years.

Days

World Press Freedom Day

• The World Press Freedom Day is observed on May 3 annually to raise awareness of the importance of freedom of the press and remind governments of their duty to respect and uphold the right to freedom of expression.

• The Day was proclaimed by the UN General Assembly in December 1993.The theme of World Press Freedom Day 2020 is Journalism Without Fear or Favour.

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Important Current Affairs 1st May 2020

National

Chhattisgarh top state in providing employment to workers under MGNREGS

• Chhattisgarh has topped the list of states in providing employment to unskilled labourers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).

• The data was released by the Union Rural Development Ministry. Chhattisgarh has provided employment to 18.51 lakh workers under MGNREGS.

• Rajasthan is on second while Uttar Pradesh is on the third.

MP govt launches ‘Jeevan Amrit Yojana’ to boost Immune system

• Madhya Pradesh government has launched ‘Jeevan Amrit Yojana’ to boost the immune system of people to fight disease.

• A target has been set to distribute this packet of 50 grams to 1 crore families of the state.

International

US to host world's largest maritime exercises this year

•The US Navy announced recently that it will host the world’s largest maritime exercises in Hawaii again this year. The drills will be held only at sea.

•The US Navy has hosted the Rim of the Pacific exercises in Hawaii every two years since the early 1970s.

•The military exercise is aimed at being a meaningful exercise with maximum training value and minimum risk to the force, allies and partners, and the people of Hawaii.

Banking and Economy

KVG bank launches “Vikas Abhaya” loan scheme

• Karnataka VikasGrameenaBank(KVGB) has launched ‘VikasAbhaya’ a loan scheme to provide some relief to Micro, Small and Medium Enterprise(MSME) borrowers.

• This scheme is for those borrowers whose business activities are disrupted on account of the current situation in Dharwad, Karnataka.

Obituary

Legendary footballer Chuni Goswami passed away at 82

• Former India footballer Chuni Goswami passed away at the age of 82 years. Apart from playing football, he had also played first-class cricket for Bengal.

• He has captained the 1962 Asian Games gold-winning Indian football team. He played 50 matches for India as a footballer from 1956 to 1964.

Appointments and Resignations

Former Axis Bank CEO Shikha Sharma named advisor to Google Pay India

Former Axis Bank CEO, Shikha Sharma named advisor to Google Pay India. Google Pay is one of the leading apps on Unified Payments Payments Interface (UPI), battling with the likes of Amazon Pay, Paytm, etc.

Ranking

India ranks 53rd in budget transparency, accountability: IBP survey

• International Budget Partnership (IBP) has provided a transparency score of 49 out of 100 to India’s Union budget process. The provided score to India is higher than the global average score of 45.

• New Zealand has topped the chart. It has a score of 87 out of 100.

Karnataka tops in total installed renewable capacity:  CRISIL

• According to a CRISIL Research report, Karnataka retained its 1st position in terms of total installed renewable capacity in FY20 followed by Tamil Nadu(2nd) & Gujarat(3rd).

• The top 3 states in overall solar energy capacity addition are Rajasthan, Tamil Nadu and Karnataka & in wind energy- Gujarat, Tamil Nadu and Maharashtra.

• Karnataka’s total renewable energy installed capacity stood at 15,232 MegaWatt(MW) as on March 31, 2020, against 13,845 MW as on March 31, 2019. It has the highest installed capacity for solar at 7,278 MW, up from 6,096 MW a year ago. Its wind energy capacity is at 4,791 MW.

Days

Ayushman Bharat Diwas is celebrated on 30 April.

• The day aims to promote affordable medical facilities in remote areas of the country based on the Socio-Economic Caste Census database.

• It will also promote health and wellness and provide insurance benefits to the poor.

• Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PMJAY), also known as the National Health Protection Mission (AB-NHPM), was launched by PM Narendra Modi on 14 April 2018, at Bijapur, Chhattisgarh.

International Workers’ Day

• The International Workers’ Day is held annually on May 1 worldwide to honour the contributions of the labourers or working class people.

• This day is also known as Workers’ Day, Labour Day as well as May Day in some of the countries.

• India celebrated the first Labour day in the year 1923 and the day is referred nationally as Antarrashtriya Shramik Diwas or Kamgar Din.

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Important Current Affairs 25th April 2020

National

E-Gram Swaraj Portal/App & Swamitva Scheme Launched

• Prime Minister Narendra Modi on April 24, 2020 to mark the National Panchayati Raj Day 2020 launched the E-Gram Swaraj Portal/App and Swamitva Scheme for the development of rural areas of the country.

• The E-Gram Swaraj Portal will contain the details of all development works carries out in villaged panchayats and the Swamitva Scheme will contain all the land records of villages. It will use drones in surveying and mapping of properties in villages and will help in reducing disputes over property.

CISF launches app ‘e-karyalay’ for movement of files

• Central Industrial Security Force (CISF) has launched an e-office application named ‘e-karyalay’. This application helps to enables the movement of files and documents of CISF without physical touch.

MyBookMyFriend campaign launched on World Book Day

• The Union Minister of Human Resource Development, Ramesh Pokhriyal Nishank has launched a campaign on Twitter called #MyBookMyFriend, on the occasion of the World Book Day on 23 April.

• He has also urged everyone to read at least one book on the World Book Day and share the same on social media using the ‘#MyBookMyFriend’.

International

China donates USD 30 million more for WHO

• China on April 23, 2020 announced to donate USD 30 million more to the global health agency World Health Organization (WHO).

• Earlier, China had donated USD 20 million to the WHO, which seeks funding of over USD 1 billion.

Banking and Economy

RBI permits banks to issue Electronic Cards for Overdraft Accounts

• The Reserve Bank of India has allowed banks to issue electronic cards to natural persons having Overdraft Accounts. Such accounts must be of the nature of personal loan without any specific end-use restrictions.

• Earlier banks were allowed to issue debit cards to customers having Saving Bank/Current Accounts but not to cash credit/loan, account holders.

Sports

Iran’s Alireza Firouzja beats Magnus Carlsen in Banter Blitz Cup final

• 16-year-old Iranian refugee, Alireza Firouzja beats World Chess Champion Magnus Carlsen in the final of the Banter Blitz Cup 2020 and to claim the $14,000 prize.

• Firouzja, an Iranian now living in Paris, is is the second-youngest player to reach a rating of 2700 from Fédération Internationale des Échecs (FIDE), the body that governs international chess competition. He is ranked 21st in the world.

Days

Manipur commemorates “Khongjom Day”

• Manipur commemorated the “Khongjom Day” on April 23, 2020. The day is observed to pay tribute to the state’s warriors who fought in the 1891 Anglo-Manipur war.

• The Anglo-Manipur war was fought between the Kingdom of Manipur and the British Government.

World Malaria Day

• World Malaria Day (WMD) is commemorated every year on 25 April to recognize global efforts to control malaria. It is a grassroots campaign with an objective to keep malaria high on political agenda, mobilize additional resources ane empower communities to take ownership of malaria prevention and care.

• Theme 2020: Zero Malaria Starts with Me.

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Important Current Affairs 23rd April 2020

National

Violence against healthcare workers will lead to 7 years of jail term

• An ordinance proposing new amendments to the Epidemic Disease Act, 1987 has been approved by the Union Cabinet on April 22, 2020. The amendment ensures the safety of healthcare workers and to end violence against them.

•  It includes the imprisonment of guilty from 6 months to 7 years. The Union Minister Prakash Javadekar shared the news while briefing the media after a cabinet meeting.

International

TCS to power Israel’s first fully digital bank

• Tata Consultancy Services (TCS) will launch Israel’s first fully digital bank. TCS is India’s largest software services firm. The digital bank has not been named yet and will be launched in 2021.

• TCS has been selected by Israel’s Ministry of Finance to transform its banking sector. The digital banking operations platform will be powered by the TCS BaNCS Global Banking Platform.

Banking and Economy

RBI increases deployment time limit under TLTRO 2.0 to 45 days from 30 days

• RBI has extended the time available for banks for deployment of funds under the TLTRO 2.0 scheme from 30 working days to 45 working days from the date of the operation.

• Under TLTRO 2.0 the banks which have borrowed the funds are required to deploy this fund in specific sectors as advised by RBI. The time limit for this deployment of the fund is now 45 days from the date of borrowing.

Appointments and Resignations

Bajaj Auto’s Rakesh Sharma becomes new President of IMMA

• Rakesh Sharma, the Executive Director (ED) at Bajaj Auto, has been appointed as the new President of International Motorcycle Manufacturers Association (IMMA) on 22 April 2020.

• Sharma succeeds Johannes Loman and will hold the office of IMMA President for two years

• He had been holding office as vice-president in IMMA, since May 2019.

Ranking

India ranks 142 in World Press Freedom Index 2020

• World Press Freedom Index has ranked India 142 out of 180. Reporters without borders released the report on April 21. The analysis by the nonprofit organisation acknowledged no reported murders of journalists in India in 2019 which shows the improvement in the security system in India.

•  Reporters without borders is a non-profit organisation that works to promote independent, free, and pluralistic journalism.

Days

World Book and Copyright Day

• World Book and Copyright Day is observed globally on 23 April every year. The purpose of this day to pay tribute to all those writers and authors who have respectable contributed to the social and cultural progress of humanity.

• World Book Capital for 2020: Kuala Lumpur, Malaysia.The slogan for 2020- “KL Baca – caring through reading”.

UN English Language Day

• The UN English Language Day is observed annually on 23 April. It is one of the six official languages used by the United Nations throughout the Organization.

• Each language has been assigned a day of celebration by UN’s Department of Public Information in 2010 to celebrate multilingualism and cultural diversity as well as to promote equal use of all six official languages throughout the Organization.

• For English, 23 April has been chosen to mark both the birthday and date of death of William Shakespeare.

UN Spanish Language Day

UN Spanish Language Day is observed annually on 23 April. For Spanish Language, the Day was chosen because the day is also observed as Hispanic Day in Spain, meaning the Spanish speaking world.

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Important Current Affairs 16th April 2020

National

Dekho Apna Desh: Tourism Ministry launches webinar series; next on City of Kolkata

• A webinar series titled “#DekhoApnaDesh” has been launched by the Indian Tourism Ministry. This unique series has been launched by the tourism ministry to provide information on many destinations and culture & heritage of Incredible India.

• The first such seminar of the #DekhoApnaDesh webinar series was held with the title “City of Cities: Delhi’s Personal Diary”.

Banking and Economy

Equitas Small Finance Bank launches Selfe FD and Selfe Savings Account

• Equitas Small Finance Bank has launched two new digital banking services- Selfe FD and Selfe Savings Account. This would enable the customers of the bank to avoid visiting branches.

• Under the “Selfe FD” option- customers can open Selfe Fixed Deposit online for value upto Rs 90,000 by providing Aadhar and PAN details. It will provide an interest rate of 7.75% for one year.

• Under the “Selfe Savings Account” option, a person can open savings account with Equitas Small Finance Bank by web based interactive video form by registering one’s Aadhaar number, PAN and other basic details. The interest rate is 7.5% and no minimum balance.

Sports

India will host Asian Boxing Championship in November

• India will host the 31st edition of the Asian Boxing Championships in November- December 2020.

• This announcement was made by the Boxing Federation of India (BFI) President Ajay Singh on 13 April.

• The host city will be decided by the Boxing Federation of India. India hosted men’s Asia boxing championship in Mumbai in 1980. It hosted the women’s event in Hisar in 2003.

Tour de France postponed

• Tour de France, world’s most famous cycling race has been postponed

• The three-week race was scheduled to begin from June 27 in Nice, France. The race has now been postponed for August. The 2020 race comprises 21 stages, the longest one being for 218 km.

Appointments and Resignations

Vineet Arora becomes new MD & CEO of Paytm General Insurance Ltd

• Paytm has appointed Vineet Arora as new managing director and chief executive officer of Paytm General Insurance Ltd. Prior to this, he has served as managing director and chief executive officer of Aegon Life Insurance Company.

• The appointment is a step for Paytm to further its journey into the insurance sector with an instantaneous specialise in general insurance.

Ajay Mahajan becomes news MD & CEO of “CARE Ratings”

• Ajay Mahajan has been appointed as the managing director and chief executive of Care Ratings.

• Ajay Mahanjan earlier worked at IDFC First Bank.He replaces Rajesh Mokashi, who resigned in December 2019.

Days

World Art Day: 15 April

• World Art Day is observed every year on 15 April to celebrate fine arts and promote awareness of creative activity around the world.

• The day was declared by the International Association of Art (IAA), an NGO working in official partnership with UNESCO.

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Important Current Affairs 14th April 2020

National

Prasar Bharti launches new channel “DD Retro”

• India’s Public service broadcaster Prasar Bharti has rolled out a new channel called DD Retro.

• The new channel “DD Retro” would be specifically dedicated to old classics of Doordarshan.The channel has been launched by Prasar Bharti to keep viewers engaged.

• After the return of memorable classics likes mythological epics Ramayana and Mahabharat, historical drama Chanakya and superhero series Shaktimaan, Doordarshan has also emerged as the most watched channel in India, surpassing any other genre in the Hindi-speaking markets.

Ahmedabad station becomes 1st station to get sanitizing tunnel

• The Ahmedabad railway station at Kalupur has installed a Walk Through Mass Sanitizing Tunnel.

• The Sanitizer Tunnel has been set up by Ahmedabad division of the Western Railway and is the first station on Indian Railways to get such tunnel.

Obituary

Former US Baseball Player Glenn Beckert Dies at 79

• America’s former professional baseball player Glenn Alfred Beckert, has passed away at the age of 79.

• He played in Major League Baseball as a second baseman for the Chicago Cubs for nine seasons from 1965 to 1973 before ending his career with the San Diego Padres in 1975.

Legendary driver Stirling Moss passes away

• The legendary motor-racing driver, Sir Stirling Moss has passed away. Moss was widely regarded as the greatest driver never to win the Formula One drivers’ world championship.

• The British driver took part in Formula One from 1951 to 1961 and also made 67 starts in the F1 World Championship, claiming victory winning 16 races and claiming 16 pole positions and 24 podium positions.

Days

April 13, 2020 marked the 101st anniversary of Jallianwala Bagh Massacre

• 13 April 2020 marked the 101st anniversary of the Jallianwala Bagh Massacre.

• On this day, the martyrs who were killed mercilessly in Jallianwala Bagh are remembered.

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Important Current Affairs 11th April 2020

National

HRD Minister launches Bharat Padhe Online campaign

• The Ministry of Human Resources Development on April 10, 2020 launched a week-long Bharat Padhe Online campaign to crowdsource ideas for improving the online education ecosystem of India. The HRD Minister Ramesh Pokhriyal Nishank launched the campaign.

• The campaign aims to invite the best suggestions and solutions to overcome the constraints of online education while promoting the available digital education platforms.

• The HRD Minister requested the educators across the country to come forward and contribute with their expertise in the field of education.

International

Google to launch new virtual Braille Keyboard

• Google has announced the launch of a virtual Braille keyboard for Android users with low vision or blindness. This new keyboard will enable these people to type on their phones without additional hardware.

• A standard 6-key layout has been used in this keyboard with each key representing one of 6 braille dots which, when tapped, can make any letter or symbol.

Banking and Economy

Goldman Sachs cuts real GDP growth forecast for India in FY21 to 1.6%

• Goldman Sachs has predicted India’s Real GDP growth projection for FY21 at 1.6%.

• Goldman Sachs has predicted the Global GDP growth at -1.8% in 2020.

RBI launches twitter campaign for Digital Payment

• The Reserve Bank of India on April 09, 2020 launched a twitter campaign urging bank customers to adopt digital modes of payment that are convenient and safe.

• The face of the campaign is Bollywood actor Amitabh Bachchan.

• The RBI, through the campaign, reiterated the multiple digital payment options such as NEFT, IMPS, UPI and BBPS that are available 24*7.

Obituary

Padma Shri classical singer Shanti Hiranand passes away at 87

• Renowned Hindustani classical singer Shanti Hiranand Chawla passed away at the age of 87 years.

• She was a Padma Shri awardee and trained in thumri, dadra and ghazal singing.

• She had also penned a book titled “Begum Akhtar: The Story of My Ammi.” which depicts her journey with her music guru, Begum Akhtar.

Ranking

FIFA’s ranking: India at 108th

• India football team retained its 108th spot in the latest FIFA rankings. While Belgium ranked first and world champion France is in 2nd place and Brazil is at 3rd spot.

Days

National Safe Motherhood Day

• The day aims to raise awareness about the proper healthcare of women and maternity facilities to pregnant and lactating women.

• The day also aims to spread awareness about healthcare facilities for women. India became the first country to officially declare a National Safe Motherhood Day in the world.

National Pet Day

• National Pet Day is celebrated on 11 April every year.The day encourages people to help reduce the number of animals in shelters.On this day, the pet owners celebrate their animal companion.

• A survey by the National Institutes of Health (NIH) determined that the animals contribute to the physical and mental benefits to overall cardiovascular health by lowering cortisol, cholesterol, and blood pressure levels.

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