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Important Current Affairs 28th May 2020

International

Facebook Launches its Audio-only Calling App ‘CatchUp’

• The internal R&D group of Facebook, the NPE (New Product Experimentation) Team, has come up with a calling application called Catch-Up.

• This audio-only unique app has been developed to coordinate call timings with friends and family members and enables to set up group calls with up to 8 people. The CatchUp app has currently been launched in the United States for testing purpose.

• CatchUp won’t need a Facebook account to use the service and the app works with your phone’s contacts list. Through this app, user will get to know who all in their contact list are free to talk, and which contact is offline.

Banking and Economy

Fitch forecasts India’s GDP growth rate to contract 5% in FY21

• American credit rating agency Fitch ratings has drastically projects India’s economic growth forecast to contract 5 percent in the current fiscal year 2020-21 due to a prolonged .

• This means India’s GDP is estimated to be -5% in FY21.Earlier it had predicted the same at 0.8%

S&P forecasts Indian economy to contract 5% in FY21

S&P Global Ratings has slashed India’s GDP growth rate to 5% in the Fiscal Year 2021. The reduction in the growth rates has been made due to slump in the economic activities in the whole country amid  imposed.

SBI Research Downgrades India’s GDP at -6.8% for FY21

• SBI Research has slashed India’s economic growth forecast in the current fiscal year 2020-21 to contract to 6.8 percent from earlier 4.7 percent.

• This means, as per SBI Research Report, India’s GDP is estimated at -6.8% in FY21.

Science and Technology

NASA renamed its telescope after ‘Mother of Hubble’ Nancy Grace Roman

• US Space agency NASA has announced to name its next-generation space telescop, the Wide Field Infrared Survey Telescope (WFIRST), currently under development, in honor of Nancy Grace Roman, NASA’s first chief astronomer, who paved the way for space telescopes focused on the broader universe.

• The WFIRST Telescope will now be called Nancy Grace Roman Space Telescope (or Roman Space Telescope, for short). It is set to be launched in the mid-2020s.It will be the successor to NASA’s Hubble and Webb Telescopes.

Obituary

Padma Shri awardee, Urdu Writer Mujtaba Hussain passes away

• Noted Urdu author, humorist and satirist Mujtaba Hussain passed away. He was born on July 15, 1936, in Hyderabad, Telangana. Hussain was described as the Mark Twain of Urdu.

• He began his literary career from “Siasat”, a leading Urdu daily published from Hyderabad.

Ranking

AarogyaSetu becomes world's largest contact tracing app

• Union Health Minister Dr. Harsh Vardhan said on May 27, 2020 that India’s AarogyaSetu has become the world's largest contact tracing app, reaching over 11 crore 40 lakh people in just 40 days.

• The Minister tweeted saying that the application is a classic example of coordination between government, industry and citizens. The app was recently made an open source.

• The Health Minister stated that the iOS version of the open source app will be released in the next two weeks. He further added saying that the use of the app is continuously increasing and a large number of people are benefiting from it.

Books and Authors

JK Rowling to release her latest book “The Ickabog”

• The “Harry Potter” author, JK Rowling will release her latest book, “The Ickabog”, online for free, for the children during this  period. The Ickabog’ is a story about truth and the abuse of power.

• Rowling has pledged to donate all royalties when the book is published to “groups who’ve been particularly impacted.”

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