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Important Current Affairs 5th April 2020

Banking and Economy

After SBI, Govt nominates IOB for collecting donations for PM Cares Fund

• Indian Overseas Bank (IOB), has been nominated by the government for the collection of funds of PM-Cares Fund. Till now only State Bank of India was the nominated bank for the same.

• PM Cares stands for Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM-Cares Fund).

• The contributions can be made by ECS, RTGS, NEFT, IMPS, cheques and demand drafts drawn in favour of PM-Cares Fund.

Summits and Mou’s

Arogya Sanjeevani Policy Cigna launched with IRDAI guidelines

• Manipal Cigna Health Insurance company has announced the launch of its Arogya Sanjeevani Policy, ManipalCigna. This standard health cover policy in line with IRDAI from one of the 29 insurers who have received the go-ahead to launch such policies in the industry.

• Every general insurance company has to launch a standard health plan and has to have an official name Arogya Sanjeevani Policy (name of insurer) for easy comparison by the buyers.

Awards

Naveen Patnaik awarded with ‘Hero to Animals Award’ by PETA India

• Chief Minister of Odisha, Naveen Patnaik has been conferred with ‘Hero to Animals Award’ by animal rights body PETA India.

• He has been awarded by People for the Ethical Treatment of Animals (PETA) for allocating funds to feed community animals in Odisha.

Sports

World Games 2021 Postponed to avoid Clash with Tokyo Olympics

• The International World Games Association (IWGA) - the organizer of the World Games 2021 have decided to postpone the mega sporting event by nearly an year to avoid a clash with Tokyo Olympic Games.

• The 11th Edition of the World Games which had originally been planned to take place from 15–25 July 2021 have now be pushed by an year, and will be held from 7th to 17th July 2022.

• The 11th Edition of the World Games 2021 will be hosted by Birmingham, United States.

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Important Current Affairs 4th April 2020

International

Domino’s Pizza launches ‘Domino’s Essentials’ service

• Domino’s Pizza has partnered with ITC Foods to launch “Domino’s Essentials”.

Highlights of this Partnership:

• Through “Domino’s Essentials” service, everyday grocery essentials offered by ITC Foods will be delivered while leveraging the delivery infrastructure of Domino’s.

• This partnership aims to serve the community by ensuring uninterrupted supply of essential items at their doorsteps, without them having to step outside of their homes.

• The “Domino’s Essentials” service will be available for consumers via “Domino’s Essentials” section on the Domino’s app.

• Domino’s Pizza will leverage its supply chain and delivery network to deliver essential goods to the customers at their home.

Banking and Economy

Fitch Ratings cuts India’s GDP growth forecast to 2% for FY21

• Fitch Ratings has cut its GDP growth forecast for India to 2% for the fiscal year 2021.

• This will be the slowest growth in India over the past 30 years.

ADB Estimates India’s GDP for FY’21 at 4 Percent; 6.2% for FY’22

• The Asian Development Bank (ADB) released its latest Asian Development Outlook (ADO) 2020 for financial year 2020-21 on 3rd April 2020.

• As per ADB, the Gross Domestic Product (GDP) growth in India is likely to slow down to 4 percent in FY21 (2020-21) on the back of the current global health emergency.

• However, ADB expects the Indian economy to further strengthen to 6.2 percent in the FY22 fiscal (2021-22).

Sports

Asian Games 2022 "smart triplets" mascots unveiled in digital ceremony

• The Olympic Council of Asia has announced the official mascots of the 19th Asian Games to be held in Hangzhou in 2022. The three robots namely Congcong, Lianlian and Chenchen which are collectively known as “The Smart Triplets” will be the official mascots of the 19th Asian Games.

• The robot ‘Congcong’ represents the Archaeological Ruins of Liangzhu City. It derives its name from the Cong jade pendant — the quintessential relic unearthed from the ruins dating back 5,000 years. ‘Lianlian’ represents the West Lake and the name signifies a lake full of lush lotus leaves. Green stands for life and nature.The third mascot is ‘Chenchen’, which represents the Beijing-Hangzhou Grand Canal.

Days

International Mine Awareness Day observed globally on 4 April

• International Mine Awareness Day observed globally on 4 April every year. On 8 December 2005, the General Assembly declared that 4 April of each year shall be observed as the International Day for Mine Awareness and Assistance in Mine Action.

• It was first observed on 4 April 2006.

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Important Current Affairs 3rd April 2020

Summits and Mou’s

UN Cop26 Climate Change Summit in Glasgow Postponed until 2021

• The 2020 United Nations Climate Change Conference (UN COP26), which was scheduled to be held in Glasgow, Scotland from 9 to 20 November 2020 under the presidency of the UK government, has been postponed.

• The Cop26 Climate Change Summit has now be pushed back to 2021 and the new dates for the conference would be decided in due course.

• The announcement was made by the Cop26 president-designate and UK Business and Energy Secretary Alok Sharma.

Obituary

Gurbani maestro Nirmal Singh Khalsa passes away

• Nirmal Singh Khalsa, a noted singer of Sikh 'Gurbani' hymns, passed away on April 2, 2020. He was detected with the infection just a day before his death. He was 62.

• Nirmal Singh Khalsa was a former priest at the Golden Temple in Amritsar. He was known to have the knowledge of the 31 'raags' in the Gurbani of the Guru Granth Sahib.

• He was honoured with the prestigious Padma Shri in 2009 for his outstanding contribution to the field of Gurbani music.

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Important Current Affairs 2nd April 2020

National

DGCA allows cargo operations using passenger category aircraft

• The Director General of Civil Aviation on April 1, 2020 granted special permission to conduct cargo operations using passenger category aircraft.

• The decision was taken to meet the increasing demand for cargo operations for transportation of essential goods and medical equipment.

IIT Kanpur to develop low-cost portable ventilator

• the Indian Institute of Technology (IIT)-Kanpur is developing portable ventilators which will be significantly cheaper than the ones available in the market.

• The prototype of this ventilator will be ready very soon and just after assembling, it can be used as a life support system.

• The ventilator is a very important medical equipment especially those who are old.

Banking and Economy

Nomura lowers India’s 2020 GDP growth forecast to -0.5%

• Nomura has predicted India’s GDP growth rate for the year 2020 at -0.5%. The earlier prediction was 4.5%.

• The announcement was made by Sonal Varma, MD and chief India economist at Nomura.

Centre Extends Foreign Trade Policy for One Year till March 2021

• The government has extended the existing foreign trade policy (2015-20) for one year till March 2021.

• The foreign trade policy 2015-20 was earlier valid up to March 31, 2020.

RBI sets WMA for Central Government at Rs 1,20,000 crore for first half of FY21

•    The Reserve Bank of India has fixed the Ways and Means Advances (WMA) for Central Government for the first half of the financial year 2020-21 (April 2020 to September 2020) at Rs. 1,20,000 crore.
•    The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilizes 75% of the WMA limit.
•    Apart from this, for State Government’s WMA, RBI has increased the WMA limit by 30 percent from the existing limit for all States/UTs. It must be noted that every state government has a different WMA limit.  The revised limits will come into force with effect from April 1, 2020 and will be valid till September 30, 2020.

Science and Technology

NASA Announces Mission SunRISE to Study Causes of Giant Solar Particle Storms
•    US space agency National Aeronautics and Space Administration (NASA) has selected a new mission called the Sun Radio Interferometer Space Experiment (SunRISE) to study how the Sun generates and releases giant space weather storms, known as solar particle storms, into planetary space.
•    SunRise is an array of six CubeSats operating as one very large radio telescope.
•    NASA has sanctioned USD 62.6 million to design, build and launch SunRISE.It will be launched after July 1, 2023.
 

Sports

2021 World Athletics Championships Being Moved to 2022

• The World Athletics has informed that the 2021 world athletics championships in Eugene, Oregon, United States, is now being shifted to 2022 to accommodate the re-arranged Tokyo Olympics.

• The world athletics championships was earlier scheduled to take place in Eugene on August 6-15, 2021. It will now take place in August 2022.

Days

World Autism Awareness Day is observed on 2 April

•    World Autism Awareness Day is observed on 2 April.
•    The day aims to recognize and celebrate the rights of persons with autism.
•    The day makes people understand, recognize, and accept people with autism.
•    This year the day is commemorated by the Department of Community Development, Abu Dhabi, the UAE.

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Important Current Affairs 1st April 2020

National

GoI extends validity of expired Driving Licences and Vehicle Registration till 30 June

• The Ministry of Road Transport and Highways has announced an extension on the validity of documents like driving licenses, permits and registration that are expired since 1 February.

• The Ministry has directed all states and Union Territories (UT) to treat the documents as valid till 30 June.

Banking and Economy

Mega merger of 10 PSU Banks comes into effect

• The mega merger of 10 PSU banks into 4 comes into effect from April 1, 2020. As per the merger, the Oriental Bank of Commerce and the United Bank of India have now be merged with the Punjab National Bank with the latter being the Head Bank.

• In another merger, Corporation Bank and Andhra Bank are merged into Union Bank of India. The branches of the merged banks will work as the branches of Head or Anchor bank.

As per the consolidation scheme, the details of 10 state-run banks into 4 are mentioned below-

• United Bank of India and Oriental Bank of Commerce will merge into Punjab National Bank

• Syndicate Bank will merge into Canara Bank

• Allahabad Bank into Indian Bank

• Corporation and Andhra Banks will be merged in Union Bank of India

The objective behind the merger:

The major objectives of the merger are:

• To help India make a USD 5 trillion economy

• Reducing the lending cost

• Enhancing the capacity in order to increase credit

• To bring next-generation technology for the banking sector

• Banks that have strong national and international reach

• To improve the ability to raise market resources.

Government cuts Interest Rates on Small Saving Schemes

• The Central Government recently slashed the interest rates on small saving schemes such as PPF for the April-June quarter of 2020-2021.

• The Small Saving Schemes include Public Provident Fund (PPF), Kisan Vikas Patra, Senior Citizen Saving schemes (SCSS) and Sukanya Samriddhi Yojana.

Obituary

Legendary historian Arjun Dev passes away

• The legendary historian and educationist, Professor Arjun Dev passed away. He was born on November 12, 1938, in Leiah, West Punjab (now in Pakistan).

•  He served as a historian at the National Council of Education Research and Training (NCERT).

Days

International Transgender Day of Visibility

• International Transgender Day of Visibility observed globally on 31st March every year.

• The day is dedicated to celebrating transgender people and raising awareness of discrimination faced by transgender people worldwide, as well as a celebration of their contributions to society.

Utkal Divas or Odisha Day is celebrated on 1 April

• Utkal Divas (Odisha Day) is celebrated every year on 1st April all over Odisha. Odisha Day is celebrated in the memory of the formation of the state as a separate province on 1 April 1936.

•  This year marks the 83rd Utkal Divas or the foundation day of Odisha. Odisha was born as a separate state on April 1, 1936, on a linguistic basis.

•  The state was carved out of the combined Bengal-Bihar-Orissa province.

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Important Current Affairs 31st March 2020

Summits and Mou’s

Tata Power JV starts Shuakhevi HPP in Georgia

• Adjaristsqali Georgia LLC, a Joint Venture between Tata Power, Norway’s Clean Energy Invest (CEI), and International Financial Corporation (IFC) has announced the start of commercial operation of the 178 MW Shuakhevi Hydro Power Project (Shuakhevi HPP) located in southwest Georgia.

• The project will generate around 450 GWh of clean energy to reduce the emission of greenhouse gases by more than 200,000 tonnes a year.

Books and Authors

Book titled “The Death of Jesus” by Nobel laureate J M Coetzee released

• The book titled “The Death of Jesus” authored by Nobel laureate J M Coetzee has been released. It is the third book of the series.

• The earlier two book were, “The Childhood of Jesus”, published in 2014 and The Schooldays of Jesus, in 2018.

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Important Current Affairs 30th March 2020

Banking and Economy

SBI raises $100 million via green bonds

• State Bank of India has raised USD 100 million green bonds, the first such bond by any state-owned bank in this fiscal.

• The bonds were priced at 3M Libor + 80 basis points. This is the third set of green bond issue by SBI, aggregating USD 700 million.

• The proceeds will be used to fund the non-convention energy sector. These bonds will be issued through SBI’s London branch and shall be listed on Singapore Exchange (SGX).

Science and Technology

SpaceX wins NASA award for planned lunar space station

• A new space capsule from SpaceX has been picked up by National Aeronautics and Space Administration (NASA) to ferry cargo and supplies to the agency’s planned lunar space station.

• Hence, with a $7 billion NASA contract, SpaceX will use its biggest rocket, Falcon Heavy to send spacecraft named as “Dragon XL” to the Lunar Gateway.

• This is an outpost that NASA is planning to build and that will orbit the moon sometime within the next decade.

Obituary

Air Vice-Marshal Chandan Singh Rathore passed away

• Air Vice Marshall Chandan Singh Rathore passed away at his Jodhpur residence on March 29, 2020. He had served in the Indian Air Force at the time of the 1962 Indo-China war and the 1971 India-Pakistan war.

• The Air Vice Marshall had planned and executed helicopter operations during India’s 1971 war with Pakistan for the liberation of Bangladesh.

• He had flown 8 missions into the enemy territory during the war to supervise the progress of lifting two companies of troops in the Sylhet area by the Indian Air Force.

• He will be awarded the Maha Vir Chakra, the second-highest military award, posthumously for his acts of bravery in the presence of the enemy.

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Important Current Affairs 29th March 2020

Mega merger of 10 state-run banks into four lenders will come into force from April 1

• The Reserve Bank of India has announced that the schemes for the merger of ten state-run banks into four banks will take effect from 1 April 2020.

• The banking regulator has also announced that the branches of merging banks will operate as the branch of the banks in which these have been amalgamated, from the beginning of next fiscal year 2020-21.

• After the merger, the total number of PSBs will be reduced to 12 from 27 PSBs, including 7 large PSBs and 5 small PSBs.

• Also, the anchor bank Punjab National Bank will become the country’s second largest bank with asset size of Rs 17.94 lakh crore, after SBI (over Rs 52 lakh crore).

• The amalgamation is the part of RBI’s consolidation plan to create bigger size stronger banks in the public sector.

• The following amalgamation will take place:

1. Oriental Bank of Commerce and United Bank of India will merge with Punjab National Bank (PNB) branches

2. Syndicate Bank will merge with Canara Bank

3. Andhra Bank and Corporation Bank will merge into Union Bank of India

4. Allahabad Bank will merge into Indian Bank.

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Important Current Affairs 28th March 2020

International

Summits and Mou’s

NTPC concludes acquisition of govt’s stake in THDC, NEEPCO at Rs 11,500 cr

• National Thermal Power Corporation Limited (NTPC) concluded the acquisition of Centre’s entire stake in two hydropower generating firms, Tehri Hydro Power Complex (THDC) India and North Eastern Electric Power Corporation (NEEPCO), at Rs 11,500 crore.

• Under the deal, NTPC acquired the latter’s 74.496 % equity stake in THDC India Ltd (THDCIL) for Rs 7,500 crore & its 100% equity in North-Eastern Electric Power Corporation Limited (NEEPC) for Rs 4,000 crore respectively.

Obituary

Samajwadi Party founding member Beni Prasad passes away

• Former Union Minister and founding member of the Samajwadi party, Beni Prasad Verma passed away on March 27, 2020. He was 79.

• The Samajwadi Party tweeted condoling the death of the senior party leader saying that the demise of the leader is an irreparable loss.

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Important Current Affairs 27th March 2020

National

Jana SFB rolls out UPI QR-based loan instalment payment facility

• Jana Small Finance Bank has rolled out a Unified Payments Interface (UPI) QR-based loan installment payment facility along with National Payment Corporation of India (NPCI) for its customers.

• Initially the UPI QR-based loan installment payment facility will be only available to over 40 lakh customers of the Jana Small Finance Bank.

Days

World Theatre Day

• The World Theatre Day is celebrated all over the world on the 27th of March since 1962 to promote the art form “theatre” accross the world.

• The day was initiated in 1961 by the International Theatre Institute (ITI).

• Every year the Executive Council of ITI choses an outstanding theatre personality to write the message for World Theatre Day.

• The author of the Message of World Theatre Day 2020 is: Shahid NADEEM (Playwright), Pakistan.

Books and Authors

Senior Journalist Chander Suta Dogra Pens Book ‘Missing in Action: The Prisoners Who Never Came Back’

• Chander Suta Dogra, a senior Indian journalist has come up with her meticulously-researched new book titled Missing in Action: The Prisoners Who Never Came Back.

• The book is a story of India’s soldiers who went missing during the 1965 and 1971 Indo-Pak wars.

• They are called “the missing 54” Indian soldiers, who have been forgotten in the fog of past wars with Pakistan.

• With the help of the book, the author tries to answer the key question: what happened to these men?

• Chander Suta Dogra is a journalist and author and has worked for various publications, including Outlook, Indian Express, Hindu and Hindustan Times.

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