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Important Current Affairs 24th March 2020

National

Shivraj Singh Chouhan appointed as Chief Minister of Madhya Pradesh for 4th time

• BJP politician Shivraj Singh Chouhan has been appointed as the Chief Minister of Madhya Pradesh on March 23, 2020. He has been appointed for the fourth time.

• This comes after the Madhya Pradesh chief minister (ex) Kamal Nath resigned from his post on March 20, 2020, as his government fell short of the majority mark.

• The trigger of the downfall of Congress in Madhya Pradesh was Jyotiraditya M. Scindia leaving the Congress on 11 March, taking with him 22 MLAs.

India to be in lockdown for 21 days from 25 March 2020

• Indian Prime Minister Narendra Modi has announced the complete lockdown of the entire nation, as part of government’s stringent efforts to tackle coronavirus disease Covid-19.

• The entire country will be under lockdown from 25 March 2020. This lockdown will be in place for 21 days. This is the second time in a week when he addressed the country on the fast-spreading disease with flu-like symptoms that has infected more than 3.5 lakh people and killed over 16,000.

1st ‘Made in India’ COVID19 Test Kit gets CDSCO approval

• “Mylab PathoDetect COVID-19 Qualitative PCR kit” has become the first ‘Made in India’ COVID19 Test Kit to get the CDSCO approval.

• Central Drugs Standard Control Organisation (CDSCO) has given the commercial approval to the COVID-19 diagnostic test kit made by Mylab Discovery Solutions Pvt Ltd which is also known as the Reverse transcription polymerase chain reaction (RT-PCR) test.

India’s first COVID-19 dedicated hospital comes up in Mumbai by Reliance

• Reliance Industries Limited (RIL) has set up India’s first COVID-19 dedicated hospital in Mumbai.A dedicated 100 bedded COVID-19 centre has been established at Seven Hills Hospital, Mumbai for patients who test positive for COVID-19.

• Sir HN Reliance Foundation Hospital has done this in collaboration with the Brihanmumbai Municipal Corporation (BMC).

• This first-of-its-kind-in-India centre is fully funded by Reliance Foundation and includes a negative pressure room that helps in preventing cross-contamination and helps control infection.

IOC becomes 1st company to begin supply of BS-VI fuel across India

• India’s biggest oil firm, Indian Oil Corporation Limited has started supplying BS-VI fuel across India. With this, Indian Oil Corporation Limited has become 1st company to begin supply of BS-VI fuel across its 28,000 petrol pumps.

•  The Government of India has set 01st April 2020 as the deadline to start the supply of BS-VI emission compliant fuels. Therefore, from 01st April 2020, India will become the part of select league of nations which are using cleanest petrol and diesel across the country to cut vehicular emissions.

International

India-Belgium extradition agreement

• The Union Cabinet chaired by Prime Minister Narendra Modi has approved the signing of Extradition Treaty between India and Belgium.

• The new treaty between India and Belgium will replace the pre-independence treaty signed between Britain and Belgium in the year 1901, which was also applicable to India before independence.

• According to the treaty, each party consents to the extradition of a person from the other party who is accused of an extradition offence in the border area of his or her country.

Banking and Economy

RBI to purchase bonds in advance to boost economy

• The Reserve Bank has decided to buy bonds worth more than thirty thousand crores amid COVID-19 crisis.

• The Reserve Bank said that 15-15 thousand crore rupees will be imposed in two instalments on 24 March and 30 March.

• The Reserve Bank of India will increase the cash flow to maintain financial stability because of Coronavirus infection. Due to the coronavirus, the economy worldwide is going through a phase of lethargy.

UBS predicts India’s FY21 real GDP growth rate at 4%

• UBS Securities has cut India’s growth forecast for FY21 to 4%  from the previous 5.1%. The decrease is due to the coronavirus outbreak.

• UBS predicts India to grow at 4.8% in FY20.

S&P predicts Indias GDP growth forecast for FY21 at 5.2%; FY22- 6.9%; FY23 and FY24 at 7%

• S&P Global Ratings has revised its GDP Growth rate projection for India for FY21 from 6.5% earlier to 5.2%. This is due to the coronavirus outbreak.

• The GDP projection for the following financial years as per S&P is as follows:

• 2021-22 (FY22)- 6.9%

• 2022-23 (FY23)- 7%

• 2023-24 (FY24)- 7%.

Sports

Tokyo Olympics 2020 postponed until 2021

• As per the information shared by an International Olympic Committee (IOC) member Dick Pound, the Tokyo Olympics 2020 might be postponed until 2021.

• The Tokyo Olympics was scheduled to take placed in the mid of 2020. However, due to the outbreak of Covid-19, coronavirus, the games are likely to be rescheduled.

Ranking

India ranked 120 in the 2020 Index of Economic Freedom

• India has been ranked at 120 position in the 2020 Index of Economic Freedom published by Heritage Foundation Index. The index has been topped by Singapore.

• Hong Kong is on second in the ranking followed by New Zealand on the third. North Korea is at the last position at 180th place. Though there are 6 countries that are not ranked.

• The Index was first published in 1995 and Hong Kong has topped the charts ever since. This is the first time that Hong Kong has been replaced from the 1st position.

Days

World Tuberculosis Day

• World Tuberculosis (TB) Day is observed globally on 24th March every year. This day is to raise public awareness about the devastating health, social and economic consequences of TB, and to step up efforts to end the global TB epidemic.

• The theme of World TB Day 2020: ‘It’s time’.

International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims

• International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims is observed annually on 24th March every year.

• This day is observed on 24th March every year to pay tribute to “Monsignor Óscar Arnulfo Romero” as he was murdered on 24 March 1980. He was actively engaged in criticizing violations of the human rights of the most vulnerable individuals in El Salvador.

Books and Authors

A book title ‘Legacy Of Learning’ released

Award-winning businesswoman Savita Chhabra has launched her first novel titled ‘Legacy of Learning’. Savita Chhabra is the chairperson at Hygienic Research Institute Private Limited (HRIPL).

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