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Important Current Affairs 29th April 2020

National

SC rules adoption of ‘one nation, one ration card’ scheme

• Supreme Court recently directed the central government to adopt the ‘one nation, one ration card’ scheme. The scheme will benefit the stranded migrant workers who cannot get basic amenities and also help EWS section to get subsidised food.

• The scheme was expected to be launched in June 2020..

UIDAI permits Aadhaar updation facility through CSC

•The Unique Identification Authority of India has decided to make Aadhaarupdation facility available through Common Service Centre (CSCs). The decision has been taken to make the Aadhaar updation process easier for citizens.

•The Common Service Centre are designated banking correspondents of banks. Over 20,000 CSCs will now be able to offer this service to the citizens.

•The CSC Village Level Entrepreneurs have also been urged to start the Aadhaar work with responsibility, as per instructions issued by UIDAI in this regard.

Airtel partners with Nokia to enhance network capacity

• Nokia and BhartiAirtelhas signed a deal of about $1 billion in order to enhance the network capacity of BhartiAirtel.

• A multi-year agreement has been signed by the two companies to deploy Nokia’s SRAN solution across nine circles in India.

• This $1 billion deal aims to improve customer experience of BhartiAirtel’s customers by providing them best-in-class connectivity.

Maruti Suzuki partners with AgVA Healthcare to make 10,000 ventilators per month

Automobile giant Maruti Suzuki has developed low-cost ventilators for helping the government. The production is going on in Gautam Buddha Nagar of Uttar Pradesh, where the company is supporting a start-up Agva Healthcare to scale-up ventilator production.

Banking and Economy

ADB approves USD 1.5 bn loan to India

•The Asian Development Bank (ADB) on April 28, 2020 approved USD 1.5 billion loan to India.

•The loan has been sanctioned to support immediate priorities such as containment, prevention and social protection of the poor and economically vulnerable sections, especially and disadvantaged groups.

•The fund is part of a larger package of support that ADB will provide in close coordination with the government and other development partners.

Axis Bank to pick about 30 per cent stake in Max Life Insurance for Rs 1,600 crore

• Axis Bank would acquire a 29% additional stake in Max Life Insurance for an estimated price of Rs 1,592 crore. The deal will increase the Axis Bank‘s stake in Max Life to 30%. Max Financial Services will hold the remaining 70% in the joint venture.

• The acquisition may be completed in 6-9 months & Post the deal, Max Financial Services and Axis Bank will get to nominate four and three directors respectively on the Max Life board. The total premium generated from both companies exceeded Rs 38,000 crore.

CRISIL cuts India’s GDP growth forecast for FY21 to 1.8%

• Rating agency CRISIL has cut the GDP growth rate forecast for India for 2020-21 (FY21) to 1.8% from the previous prediction of 3.5%.

• CRISIL has projected a total losses of Rs 10 lakh crore or Rs 7,000 per person.

Science and Technology

Everest sized Asteroid 1998 OR2 to fly-by Earth Today

• According to the details shared by NASA's Center for Near-Earth Object Studies, an Everest sized Asteroid 1998 OR2 will fly-by Earth today i.e. on 29th April 2020.

• NASA and other researchers have ruled out any potential threat to the planet due to the asteroid.

Obituary

Former Liverpool player Michael Robinson passes away

• Former Liverpool striker, Michael Robinson passed away. He was born on July 12, 1958, in Leicester, England. He has featured in more than 300 official matches in England for five clubs, including Liverpool.

• Robinson was part of the Liverpool squad that captured the league, League Cup and European Cup treble in 1984.

Appointments and Resignations

Shiv Das Meena becomes new CMD of HUDCO

Ministry of Housing and Urban Affairs, additional secretary, Shiv Das Meena has been appointed as chairman and managing director of Housing and Urban Development Corporation (HUDCO) for a period of six months with immediate effect.

Neeraj Kumar 1 Months ago
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