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Important Current Affairs 22nd March 2020


Government Forms COVID-19 Economic Response Task Force Led By FM Nirmala Sitharaman

• Keeping in mind the economic challenges arising out of the coronavirus epidemic, Prime Minister Narendra Modi has decided to constitute COVID-19 Economic Response Task Force.

• The task force will be led by the Finance Minister Nirmala Sitharaman, to deal with the situation arising out of novel coronavirus outbreak.

• It will ensure that all steps are taken to reduce the economic difficulties and execute them effectively.

IRDAI Constitutes Panel Under Pravin Kutumbe to Review Guidelines on Corporate Governance Systems of Insurers

• The insurance regulator, Insurance Regulation and Development Authority (IRDAI), has set up a 16-member committee to find ways to improve its current guidelines on corporate governance systems of insurers, in a bid to further strengthen the guidelines.

• The committee will be Chaired by Shri Pravin Kutumbe, member-finance and investment at IRDAI.

• It will also consists of six other members from the insurance regulator, members from the Reserve Bank of India and the Securities and Exchange Board of India along with other industry participants.


Priyanka Chopra works jointly with WHO to spread awareness over COVID-19

• Actor Priyanka Chopra works jointly with the World Health Organisation (WHO) to spread awareness over COVID-19. Priyanka urged followers to rely on authentic sources of information about coronavirus and arranged an Instagram live with top personnel of the World Health Organization (WHO) to raise awareness about the pandemic.

• The actor documented her videos on Instagram stories where she expressed the importance of only relying on authentic information about the highly contagious disease.

Banking and Economy

SBI launches COVID 19 Emergency Credit Line (CECL) facility

• State Bank of India has launched an emergency loan facility for its existing loan customers whose business has been hit due to Coronavirus 2019 (COVID 19).

• The loan facility has been named COVID 19 Emergency Credit Line (CECL). It has been launched to meet the temporary liquidity mismatch arising out of covid-19.

• The interest rate under this facility will be 7.25% per annum.

• Which accounts are eligible: All standard accounts as on March 16, 2020 and till the date of sanction are eligible.


UN releases World Happiness Report 2020

• The United Nations (UN) has released the eighth edition of the annual World Happiness Report on 20 March 2020 to rank 156 countries by how happy their citizens perceive themselves to be.

• India has been ranked at 144 position among 156 nations with a score of 3.573 points on a scale of 10.

• Finland has been named as the happiest country in the world for the third year in a row while Afghanistan is the lowest ranking country.

• The World Happiness Report is an annual survey by the Sustainable Development Solutions Network for the United Nations.

• The Report takes into account six factors to rank a country which includes: levels of GDP, life expectancy, generosity, social support, freedom and corruption income.


World Water Day

• World Water Day observed globally on 22nd March every year. World Water Day, held on 22 March every year since 1993, focuses on the importance of freshwater. World Water Day celebrates water and raises awareness of the 2.2 billion people living without access to safe water. This year, World Water Day 2020 theme: “Water and Climate Change”.

• It is about taking action to tackle the global water crisis. A core focus of World Water Day is to support the achievement of Sustainable Development Goal 6: water and sanitation for all by 2030.

 Books and Authors

Book titled ‘Messiah Modi: A Tale of Great Expectations’ Penned by Tavleen Singh

• Tavleen Singh, one of India’s most influential columnists and political reporter and writer has come out with her new work titled “Messiah Modi: A Tale of Great Expectations”.

• The book tells about her early support for Modi the candidate, followed by a helpless disenchantment with Modi the PM and the cabinet he headed.

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