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Showing posts with label #BankingGK #CurrentAffairs. Show all posts
Showing posts with label #BankingGK #CurrentAffairs. Show all posts

Wednesday, April 8, 2020

Daily GK Updates - 8th April, 2020


NATIONAL UPDATES:

1. “Swasth ke Sipahi” delivers essential medicines under PMBJP: During the 21 days nationwide lockdown due to COVID-19, pharmacists, popularly known as “Swasth ke Sipahi” of Pradhan Mantri Jan Aushadhi Kendra are delivering essential services and medicines at doorstep of patients and elderly, under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) of the Government of India. Working as part of Pradhan Mantri Jan Aushadhi Kendras (PMJAK), they are extending essential services by making available quality generic medicines at affordable prices to the common People of the country and the elderly persons at their doorstep to fight Corona pandemic.

2. Ministry of Human Resources Development launches “Samadhan” a challenge to fight against covid19 and future challenges: Ministry of Human Resources Development in collaboration with All India Council for Technical Education (AICTE) has launched a mega online challenge – SAMADHAN – to test the ability of students to innovate in relation to COVID-19. The students participating in this challenge will search and develop such measures that can be made available to the government agencies, health services, hospitals and other services for quick solutions to the Coronavirus epidemic and other such calamities. Applications to participate in this competition will start from 7 April 2020. The last date for submission of applications is 14 April 2020.
Note: Chairman of AICTE: Anil Sahasrabudhe.
Union Minister of Human Resource Development: Ramesh Pokhriyal ‘Nishank’.

3. HRD Ministry has designated DigiLocker as National Academic Depository (NAD): The Ministry of Human Resource Development (MHRD) has designated DigiLocker as the sole National Academic Depository (NAD) and has also directed the University Grants Commission (UGC) to implement NAD as a permanent scheme within DigiLocker. DigiLocker is primarily a cloud-based safe, which allows users to store electronic versions of important documents like Aadhaar card, birth certificates, voters ID cards, PAN cards, driving license, property documents and provides access to these on the go. NAD will be implemented as a permanent scheme without the levy of any user charges by DigiLocker through the Ministry of Electronics and IT.
Note: Minister of Human Resource Development: Ramesh Pokhriyal ‘Nishank’.

4. Chhattisgarh’s Janjgir-Champa District Police Creates App ‘Rakhsa Sarv’ to keep an eye on home quarantined people: The district police of Janjgir-Champa in Chhattisgarh has created a mobile application named ‘Rakhsa Sarv’ to keep a tab on those violating the home quarantine order, in a bid to contain the spread of coronavirus. The app has been developed with the help of Noida-based startup Mobcoder. With the help of the Google Map, the district police will be able to track the people kept under home quarantine, after returning from foreign travel. The purpose of launching the app is that a large number of people are kept in home quarantine, and so it is not possible to keep each one under surveillance on a regular basis. A similar mobile app has been developed by the Mohali Police in Punjab named ‘Covid Control’ to keep an eye on home quarantined people to ensure quarantine protocols are being followed properly.
Note: CM of Chhattisgarh: Bhupesh Baghel; Governor of Chhattisgarh: Anusuiya Uikey.

5. Delhi Govt. launches 5T plan to contain COVID-19 crisis: Delhi Chief Minister Arvind Kejriwal unveiled a five-point plan to tackle the coronavirus outbreak. The “5Ts” stands for testing, tracing, treatment, teamwork and tracking & monitoring of the virus.
About the 5Ts: (1) First “T” of the 5T plan stands for “Testing”: Under this “T”, the Delhi government will conduct one lakh rapid tests in hotspot areas like Dilshad Garden and Nizamuddin to contain the spread of the new coronavirus; (2) Second “T” of the 5T plan stands for “Tracing”: Testing process is followed by another key step i.e. tracing under which people are identified who have come in contact with a positive patient and are asked to self-quarantine; (3) Third “T” of the 5T plan stands for “Treatment”: After tracing, there comes the next step i.e. Treatment under which 2,950 beds have been reserved for coronavirus patients and 12,000 hotel rooms will be taken over by the Delhi government. Under this step, serious patients and elderly will be kept in hospitals while those patients with milder symptoms will be kept in hotels and dharamshalas; (4) Fourth “T” of the 5T plan stands for “Teamwork”: In order to contain the spread of novel coronavirus, role of “teamwork” is very important; (5) Fifth “T” of the 5T plan stands for “Tracking & Monitoring“: The developments and the actions taken to stop the spread of the Covid-19 will actively tracked by the the Delhi government.

6. Three permanent judges appointed for J&K High Court: Three newly-appointed judges took oath of office, raising the strength of judges in Jammu and Kashmir High Court to 12 against 17 available positions. Justice Vinod Chatterji Koul, Justice Sanjay Dhar and Justice Puneet Gupta were sworn in as a permanent Judges of the common High Court for the Union territories of Jammu & Kashmir and Ladakh. They were administered oath of office by Chief Justice J&K High Court, Justice Gita Mittal in Jammu wing of the High Court. There are 17 positions in the High Court, including Chief Justice. Of those, 12 are permanent judges and five additional judges.

7. Surat Municipal Corporation takes unique initiatives to fight COVID-19: Surat Municipal Corporation (Gujarat) is using the Integrated Command and Control Centre set up under Smart City Mission as a war room to fight COVID-19. SMC has published an online dashboard having statistics on tested, confirmed, active, recovered and death cases on its website for regular updates of COVID-19 to the citizens. SMC is using this COVID-19 war room to carry out CCTV surveillance of public spaces, and containment clusters.

INTERNATIONAL UPDATES:

1. USAID announces $2.9 million aid to India to fight Covid19: The Washington, DC based United States Agency for International Development (USAID), has announced a grant of $2.9 million to India to help it fight the coronavirus pandemic. The funds will help the Government of India to further support India’s response to COVID-19, slow the spread, provide care for the affected, and support local communities with the tools needed to contain the disease.
Note: Headquarters of USAID: Washington, D.C., United States; Founded of USAID: 3 November 1961; USAID Administrator: Mark Green.

2. Twitter CEO pledges $1 billion to combat COVID-19 pandemic: Chief Executive Officer of Twitter, Jack Dorsey has pledged to donate $1 billion to charities working towards combatting the global COVID-19 pandemic. The donation seems to be the largest donation pledged by a private individual in the fight against COVID-19 pandemic. Jack Dorsey will move $1 billion of his digital payments group “Square” equity i.e. 28% of his wealth, to #startsmall LLC to fund global COVID-19 relief.

OTHER UPDATES:

SPORTS

1. Englands Ben Stokes named 2020 Wisden’s Leading Cricketer in the World: England’s all-rounder Ben Stokes has been named as the leading cricketer in the world by Wisden for the year 2019. He is the first player from England since 2005 to be named for this award. In Women’s category, Australia’s Ellyse Perry has been named the Wisden’s Leading Female Cricketer in the World. The other Five Cricketers of the Year by Wisden’s are: Jofra Archer (England), Pat Cummins (Australia), Simon Harmer (South Africa), Marnus Labuschagne (Australia) and Ellyse Perry (Australia- female).

2. Test spinner Stephen O'Keefe retires from 1st class cricket: Former Australia Test spinner Stephen O'Keefe (35 years) has retired from first class cricket after being omitted from New South Wales' list of contracted players for the next domestic season. The left armer took 35 wickets in nine tests including 12 in a match against India at Pune in 2017. Nathan Lyon remains New South Wales main spin option.

BANKING AND FINANCE

1. SIDBI to provide emergency working capital to MSMEs: The Small Industries Development Bank of India (SIDBI) will facilitate Micro, Small and Medium Enterprises (MSMEs) with emergency working capital of up to Rs 1 crore against their confirmed government orders. The SIDBI’s new loan product i.e. SIDBI Assistance to Facilitate Emergency response against Coronavirus (SAFE) plus will be provided collateral free and disbursed within 48 hours at an interest rate of 5%. Under its flagship scheme called SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises (Smile), SEBI has opened an additional financial window for the healthcare sector. The scheme will be applicable to MSMEs engaged in hand sanitizers, masks, gloves, head gear, bodysuits, shoe-covers, ventilators and goggles. SIDBI further said it has enhanced the loan limit for MSMEs to Rs 2 crore under its SAFE initiative.
Note: Chairman & Managing Director of SIDBI: Mohammad Mustafa.

2. RBI increases the number of days for which a State/ UT can be in overdraft: The Reserve Bank of India allows State Government to tide over their cashflow mismatches (consider it as a loan) in form of Special Drawing Facility (SDF) and Normal Ways and Means Advances. Now RBI has increased the number of days or which a State/ UT can be in overdraft continuously as under: The number of days for which States/UTs can be in overdraft continuously has been increased to 21 working days from the previous 14 days. The number of days for which a State/ UT can be in overdraft in a quarter has been increased to 50 working days from the previous 36 days. The new arrangement will remain valid till September 30, 2020.

OBITUARIES

1. Kannada actor Bullet Prakash passes away: Kannada actor Bullet Prakash passed away at the age of 44 year. He was suffering from kidney-related ailment. He is known for his comic roles and he was named ‘Bullet’ because of his love for Royal Enfield Bullet motorbikes which he used to ride. He was also a member of the ruling Bhartiya Janata Party (BJP). He was a member of the ruling Bhartiya Janata Party (BJP) in 2015.

2. Malayalam actor Sasi Kalinga passes away: Veteran Malayalam actor Sasi Kalinga (59 years) who has acted in more than 250 films, passed away. He was diagnosed with liver disease and had been undergoing treatment for a long time now. Sasi Kalinga started off his career as a theatre actor and later shot to fame with films like Pranchiyettan, The Saint, Amen, and Vellimoonga.

3. Veteran Indian-American Journalist Brahm Kanchibotla Passes Away: An Indian-American journalist, Brahm Kanchibotla, passed away after being tested positive of Coronavirus in America. He was 66. Kanchibotla was a former contributor to the United News of India news agency and was working as New York and UN correspondent of the United News of India. He got infected with the disease while he was busy doing ground reports for his news agency United News of India (UNI).

Tuesday, April 7, 2020

Daily GK Updates - 7th April, 2020


NATIONAL UPDATES:

1. “Lifeline UDAN” initiative launched by Ministry of Civil Aviation: “Lifeline UDAN” is an initiative which has been launched by the Ministry of Civil Aviation to help India fight against COVID-19. Under this initiative, 132 cargo flights have been operated so far across the country to transport medical cargo including remote and hilly areas. Medical supplies of more than 184 tons have been delivered till date during lockdown period with the support of Air India, Alliance Air, IAF and private airlines.
Note: Minister of State (Independent Charge) of the Ministry of Civil Aviation: Hardeep Singh Puri.

2. Britannia Industries partners with Dunzo to deliver essential items: An online delivery platform, Dunzo has tied up with packaged foods company Britannia Industries to deliver range of products to its customers. Britannia Essentials store have been launched by Britannia Industries that will be available to Dunzo app users. The batch of essential products produced by Britannia Industries will be available at Britannia’s distribution centers and will be sourced by Dunzo from distribution centers to ensure proper handling of goods as well as the availability of these products to the people.
Note: Chairman of Britannia Industries: Nusli N Wadia; Managing Director of Britannia Industries: Varun Berry.

3. NHAI achieves highest ever Construction of National Highways: NHAI has accomplished highest ever construction of 3,979 km of national highways in the financial Year 2019-20. The Ministry of Road Transport and Highways has envisaged an ambitious highway development programme ‘Bharatmala Pariyojana’ which includes development of about 65,000 km national highways. National Highways Authority of India is an autonomous agency of the Government of India, set up in 1988.

4. CSIR-CFTRI to provide testing equipment for COVID-19 detection: Mysuru-based CSIR-Central Food Technological Research Institute (CSIR-CFTRI) has joined hands with the district administration by providing equipment needed for testing of samples. CSIR-CFTRI is providing two PCR (Polymerase Chain Reaction) machines, 1 RNA extraction unit and two skilled people along with necessary chemicals to the district administration for coping with the large number of samples to be tested in the district.

5. JNCASR develops versatile coating to stop spread of viruses: An antimicrobial coating has been developed by Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), Bangalore. It has shown excellent results in tackling the spread of deadly influenza virus, the root cause of severe respiratory infections, by inactivating large loads of influenza virus. The proven efficiency of the coating in 100% destruction of influenza virus (an enveloped virus) shows that the coating may be effective in destroying COVID 19.

INTERNATIONAL UPDATES:

1. NASA unveils plan for “Artemis” base camp on the moon by 2024: NASA has unveiled its plans to setup the first human base camp “Artemis” on Moon’s south pole by year 2024. The space agency is working on the Artemis program that aims to land humans on the moon by 2024. It has also submitted a 13-page report to the National Space Council. As per the report, the base camp will demonstrate the US’s continued leadership in space as well as help them prepare to undertake humanity’s first mission to Mars.
Note: The administrator of the National Aeronautics and Space Administration (NASA): Jim Bridenstine; Headquarters of NASA: Washington D.C., United States.

2. International Day of Reflection on the 1994 Genocide against the Tutsi in Rwanda: 7 April: International Day of Reflection on the 1994 Genocide against the Tutsi in Rwanda is being observed globally on 7 April every year. The day was announced by the United General Assembly in 2003. Through the day, UNESCO aims to educate the world population regarding genocides and the consequences of the crime.
Note: UNESCO formation: 4 November 1946; UNESCO Headquarters: Paris, France; UNESCO Director-General: Audrey Azoulay.

3. World Health Day: 7 April: The World Health Day is a global health awareness day which is being celebrated on 7th of April every year. On this day, governmental as well as non-governmental health organizations organize events that aim to promote healthier habits of living. The theme of World Health Day 2020 is “Support Nurses And Midwives”. The WHO has named the year 2020 as the ‘International Year of the Nurse and the Midwife’.
Note: The World Health Day also marks the establishment of the World Health Organization (WHO) on 7 April 1948.
President of the World Health Organisation: Tedros Adhanom Trending; Headquarters of WHO: Geneva, Switzerland; WHO founded: 7 April 1948.

OTHER UPDATES:

SPORTS

1. IWF Bans Thailand, Malaysia From Weightlifting Event At Tokyo Olympics: The Independent Member Federation Sanctions Panel (IMFSP) of the International Weightlifting Federation (IWF) has imposed disciplinary sanctions on Thailand and Malaysia. And so both the countries has been banned from participating in weightlifting events at the Tokyo Olympics. Apart from this, IMFSP has also suspended the Thai Amateur Weightlifting Association (TAWA) for three years, while the Malaysian Weightlifting Federation (MWF) has been given a one-year ban. This ban will be effective from 1 April 2020. Due to the doping violations, the membership status of Thai Amateur Weightlifting Association (TAWA) has been suspended for 3 years till 1 April 2023 while Malaysian Weightlifting Federation (MWF) is suspended for a period 12 months till 1 April 2021.
Note: The Tokyo Olympics 2020 will commence from July 23 to August 8 in 2021 while the Paralympics Games will be held from August 24 to September 5, 2021.
Capital of Thailand: Bangkok; Currency: Thai baht; Prime Minister: Prayut Chan-o-cha.
Capital of Malaysia: Kuala Lumpur; Currency: Malaysian Ringgit; Prime Minister: Tan Sri Muhyiddin Yassin.

BANKING AND FINANCE

1. PNB Housing Finance signs agreement with JICA to raise $75 million: Punjab National Bank Housing Finance has signed a pact with Japan International Cooperation Agency (JICA) to raise 75 million dollars (about ₹568 crore) to finance mortgage loans in the affordable housing segment. The Citibank will be co-financing 25 million dollars in order to finance the mortgage loans in the affordable housing segment. The tie-up also states first debt funding ever done by Japan International Cooperation Agency (JICA) in the housing finance sector in India. This will be JICA's first debt funding in the housing finance sector in India.
Note: Managing Director of PNB Housing Finance: Sanjaya Gupta.

BUSINESS AND ECONOMY

1. Supreme Court Extends Tenure of Justice Shiva Kirti Singh as TDSAT Chairman by 3 Months: The Supreme Court of India has extended the tenure of current Chairperson of Telecom Disputes Settlement and Appellate Tribunal (TDSAT), Justice Shiva Kirti Singh, by three more months. This decision has been taken by a bench comprising Chief Justice SA Bobde, Justices Sanjay K. Kaul & Deepak Gupta on 7 April 2020. The 3 years term of Justice Shiva Kirti Singh (former Supreme Court judge) as TDSAT Chairperson was coming to an end on April 20, 2020. He had assumed the office on April 21, 2017. The Supreme Court bench has also directed the union government to expedite the process of appointment for TDSAT members.
Note: TDSAT was established to adjudicate disputes and dispose of appeals to protect the interests of service providers and consumers and to promote growth of the telecom sector.

2. Infosys COO, U.B. Pravin Rao Appointed Chairman of Nasscom for FY’21: The IT services industry body Nasscom (National Association of Software and Services Companies) has appointed UB Pravin Rao, as the new Chairman of the company for the current financial year 2020-21. UB Pravin Rao is the Chief Operating Officer (COO) at Infosys. He will succeed Keshav Murugesh, Group CEO, WNS Global Services. Besides this, Chairman and Senior Managing Director, Accenture India, Rekha M Menon, has been appointed as the Vice-Chairperson for the industry body for this fiscal. The newly appointed leadership, along with President Debjani Ghosh, will help the industry body achieve its 2025 vision for the industry.
Note: NASSCOM Headquarters: New Delhi; NASSCOM Founded: 1 March 1988.

OBITUARIES

1. American actor Forrest Compton passes away: Veteran American actor Forrest Compton, who was popular for playing the role of district attorney Mike Karr in the long-running soap opera “The Edge of Night”, passed away due to COVID-19 complications. He has served in France with the 103rd Infantry Division during the World War II and then started learning acting at the Yale Drama School alongside cinema legend Paul Newman. His other popular works includes “One Lie to Live”, “As the World Turns” and “All My Children”.

2. Malayalam music composer Arjunan Master passes away: Veteran Malayalam music composer MK Arjunan, popularly known as Arjunan Master, passed away. He was 84. He scored music for more than 300 plays and 200 movies in his long and highly successful career. He was awarded the Kerala State Film Award in 2017 for his work in director Jayaraj’s Bhayanakam.

3. Former Libya Prime Minister Mahmoud Jibril Passes Away: Former Libya Prime Minister Mahmoud Jibril who was the former head of the Libyan rebel government that ousted the long term ruler Muammar Gaddafi in 2011, passed away due to COVID-19. He was 68. Jibril served as the interim Prime Minister of Libya for seven and a half months during the Libyan Civil War, from 5 March to 23 October 2011. Before joining the revolution in 2011, Jibril served the Gaddafi government as an economic advisor in its final years and later led the rebel National Transitional Council, the interim government that toppled and killed Muammar Gaddafi.
Note: Capital of Libya: Tripoli; Currency: Libyan dinar; Prime Minister of Libya: Fayez al-Sarraj.

4. Former New Zealand cricketer Jock Edwards passes away: The former New Zealand wicket-keeper batsman Jock Edwards (64 years) passed away. The right-hand batsman, Edwards played eight Test matches and six One Day Internationals (ODIs) for the Kiwi team. His last Test as well as ODI match was against India in the year 1981 each. He was also a member of the Nelson side that held on to the Hawke Cup for 14 matches between February 1979 and February 1983. In his international career, Jock scored 377 runs in Tests and 138 runs in ODIs which he played against Australia, England and India.

Monday, April 6, 2020

Daily GK Updates - 6th April, 2020


NATIONAL UPDATES:

1. Cabinet Approves Ordinance to Reduce Salaries of President, PM, Governors, Ministers, MPs by 30% for 1 year Effective from April 1: The Union Cabinet, on April 6, 2020, approved an ordinance to amend the Salary, Allowances and Pension of Members of Parliament Act, 1954, to reduce the allowances and pension of all MPs by 30% for a period of one year, with effect from April 1, 2020. The President, Vice President, Governors of States have also voluntarily decided to take a pay cut of 30 percent as a social responsibility for one year. Sharing this information, the Union Information and Broadcasting Minister Prakash Javadekar also announced that all these money will go to Consolidated Fund of India, for managing health and the adverse impact of outbreak of COVID-19 in India. Besides, this, the Cabinet has also decided to temporarily suspend the MPLAD (Members of Parliament Local Area Development Scheme) Fund for two years, that means during 2020-21 & 2021-22. The consolidated amount of MPLAD Funds accumulated during this 2 years period will be Rs 7900 crores. This amount will also go to Consolidated Fund of India to fight COVID-19.

2. Govt approves Rs 11,092 crore for all states to deal with COVID-19 challenge: Union Home Minister Amit Shah approved release of Rs 11,092 crore to all states under the State Disaster Risk Management Fund (SDRMF) for setting up quarantine facilities and arranging other facilities for checking the spread of coronavirus. This fund is allowed to be utilised for setting up quarantine facilities, sample collection and screening; setting up additional testing laboratories, cost of consumables; purchase of personal protection equipment for healthcare, municipal, police and fire authorities; purchase of thermal scanners, ventilators, air purifiers, and consumables for government hospitals.

3. DRDO Laboratory designs full body disinfection chamber: Vehicle Research Development Establishment (VRDE), DRDO Laboratory has designed full body disinfection chamber called as PSE for personnel decontamination. This is a portable system equipped with sanitizer and soap dispenser. The system has been manufactured with the help of M/s Dass Hitachi Ltd, Ghaziabad, within a time span of four days. This can be used in controlled ingress and egress like entry-exit to hospitals, malls, office buildings, etc.

4. Anurag Srivastava takes charge as the MEA Spokesman: Senior diplomat Anurag Srivastava (1999 batch IFS officer) took charge as the spokesperson of the Ministry of External Affairs succeeding Raveesh Kumar. He was Indian envoy to Ethiopia and was part of the Finance Division of the MEA which is tasked to administer it''s annual budget of about USD 2 billion. He had also served at the India's Permanent Mission to the United Nations in Geneva.

5. Nation observed ‘9pm 9minute’ by lightening diyas and candles: Millions of Indians across the country switched off lights at their homes and lit candles and diyas or turned on mobile phone torches on Sunday night, responding to Prime Minister Narendra Modi's appeal to show the nation's "collective resolve and solidarity" in its fight against coronavirus with this symbolic gesture.

6. FCI sets all-time record in transportation of food grains: FCI has sets record in single day movement by moving 70 rakes carrying 1.93 Lakh Metric Tonnes (LMT) continuously to ensure food grain stocks during countrywide lockdown. Punjab accounted for about 46% of total food grain movement followed by Haryana, Telangana and Chhattisgarh. FCI is providing food grains under National Food Security Act (NFSA) and PM Garib Kalyan Ann Yojana (PMGKAY) with wheat and rice at Open Market sale rates.

7. Bengaluru startup launches home screening kit for COVID-19: Bengaluru-based startup firm Bione Ventures Pvt Ltd has launched a rapid at-home screening kit for COVID-19 that delivers results within minutes. The simple point-of-care home screening kit renders quick results, without having to step out in the wake of the lockdown. It will foster timely detection of the disease while acting as a preventive tool for others in proximity to the user, by isolating the carrier immediately.

8. UGC directs Universities to set up mental health helplines for students: The University Grants Commission (UGC) has directed all universities and colleges to set up mental health helplines to address psycho-social concerns of students during the COVID-19 lockdown. Helpline will be regularly monitored and managed by counsellors and identified faculty members.

9. 3D protection shields for health workers designed: 3D protection shield for doctors and health workers working to prevent and treat COVID-19 pandemic have been designed in Coimbatore, Tamil Nadu. The design is formulated by Shri Ebin of Eachanari, a suburb of Coimbatore. The design has been given to 60 organizations in various parts of the country and efforts are on to produce 20,000 shields as soon as possible.

INTERNATIONAL UPDATES:

1. UNSC to hold its first meeting on coronavirus pandemic: UN Security Council will hold its first meeting on the coronavirus pandemic on April 9, after weeks of divisions among its five permanent members. Last week resolution titled 'Global solidarity to fight the coronavirus disease 2019 (COVID-19)' was the first such document on the global pandemic to be adopted by the world organization. Also exasperated by the back-and-forth that has paralyzed the Council between China and the United States, nine of the 10 non-permanent members formally requested a meeting featuring a presentation by Secretary-General Antonio Guterres.

2. International Day of Sport for Development and Peace: 6 April: The International Day of Sport for Development and Peace (IDSDP) is observed annually on April 6, to celebrate the power of sport to drive social change, community development and to foster peace and understanding. To celebrate International Day of Sport for Development and Peace 2020, a request has been made by the United Nations to people around the world asking them to be active, stay healthy and exhibit solidarity during this period of physical and social distancing as this team spirit is going to help us all in getting through the current challenges together. For the International Day of Sport 2020, the UN has appealed to people to #BeActive and healthy to beat #COVID19.
Note: This day was created by the United Nations General Assembly in 23 August 2013, and supported by the International Olympic Committee since 6 April 2014. The date commemorates the inauguration of the first Olympic games of the modern era, in Athens, (Greece) in 1896.

3. Tiger at New York's Bronx Zoo tested positive for COVID-19: Global pandemic COVID-19 has not even left animal kindgdom untouched. A tiger at New York's Bronx Zoo has tested positive for COVID-19 and is believed to have contracted the virus from a caretaker who was asymptomatic at the time. The Wildlife Conservation Society that runs the city's zoos said that the four-year-old Malayan tiger named Nadia along with her sister Azul, two Amur tigers and three African lions all developed dry coughs and are expected to fully recover. It is not known how this disease will develop in big cats since different species can react differently to novel infections, but the zoo will continue to monitor them closely and anticipate full recoveries.

OTHER UPDATES:

SPORTS

1. 2021 World Games Shifted to 2022 to Avoid Clash with Rescheduled 2020 Toyko Olympics: The 2021 World Games, which were scheduled to take place in Birmingham, Alabama, from 15–25 July 2021, have now been postponed to 7-17 July, 2022. The games have been pushed back to 2022 to avoid clashing with the 2020 Tokyo Olympics which were rescheduled to 2021 due to the coronavirus pandemic. The World Games are held every four years and feature 32 sports that are not part of the Olympic program. The World Games are organised and governed by the International World Games Association (IWGA), recognized by the International Olympic Committee (IOC).

BANKING AND FINANCE

1. Airtel Payments Bank ties up with Bharti AXA General Insurance for health insurance plans: Airtel Payments Bank said it has partnered with Bharti AXA General Insurance to offer health insurance plans to provide cover and give financial protection against COVID-19. Under the tie-up, the companies are offering two health insurance plans — Bharti AXA Group Health Assure which offers lump sum benefit of Rs 25,000 and Group Hospital Cash which provides daily benefit starting Rs 500 per day — to provide protection against COVID-19.

2. SBI pegs FY21 growth at 2.6%: SBI house economists have pegged the growth forecast for January-March at 2.5 per cent and for 2020-21 at 2.6 per cent given the massive disruptions to businesses and the economy due to the COVID-19-driven lockdowns, which has upended at least 70 per cent of the economy. The 21-day lockdown will cost the economy at least Rs 8 lakh crore, according to a report by SBI Research, which says at least 70 per cent of the economy is on a standstill because of this. The country’s share in global GDP currently is 3.5 per cent.

OBITUARIES

1. Former Honduras President Rafael Callejas passes Away: The former President of Honduras, Rafael Callejas, has passed away of heart attack. He was 76. Callejas served the country from 27 January 1990 to 27 January 1994, representing the National Party of Honduras (PNH). He was the head of country’s football federation from 2002 to 2015 and was also accused of the vast football corruption scandal known as FIFAgate. 

Saturday, April 4, 2020

Daily GK Updates - 4th April, 2020


NATIONAL UPDATES:

1. DST sets up rapid response centre CAWACH to combat COVID-19: The Department of Science & Technology (DST), Government of India, has approved setting up of a Centre for Augmenting WAR with COVID-19 Health Crisis (CAWACH), to support startups that address COVID-19 challenges. CAWACH will be set up at a total cost of Rs 56 Crore. The Society for Innovation and Entrepreneurship (SINE), a technology business incubator at IIT Bombay, supported by DST, has been identified as the Implementing Agency of the CAWACH.
The CAWACH programme of DST will scout, evaluate and support the innovations and start-ups that are in the area of novel, low cost, safe and effective ventilators, respiratory aids, protective gears, novel solutions for sanitizers, disinfectants, diagnostics, therapeutics, informatics and any effective interventions to control COVID-19. It will leverage the youthful energy, intelligence and extraordinary innovative potential of our technology incubators and startups and empower them for scale-up to speedily address the multi-dimensional challenges of COVID-19. Requisite financial assistance and fund deployment will be made available for innovations that are deployable in the market within next 6 months. They will be provided access to pan-India networks for testing, trial and market deployment of these products and solutions in the identified areas of priority COVID-19 solutions.

2. Uber will provide transportation service to public healthcare workers: The National Health Authority (NHA) has inked pact with ride hailing app “Uber” to provide transportation service to public healthcare workers who are involved in treatment of COVID-19 patients. Uber will initially facilitate the provision of 150 cars free of cost to support medical facilities in certain cities including New Delhi, Noida, Ghaziabad, Kanpur, Lucknow, Prayagraj and Patna through its UberMedic service.
Note: Chief Executive Officer of UBER: Dara Khosrowshahi.

3. Indian Railways’ Chittaranjan Locomotive creates world record of producing highest number of locos in FY’20: The Chittaranjan Locomotive Works (CLW) of Indian Railways’ has sets new world record of making the highest number of locomotives in the financial year 2019-20. The Asansol, West Bengal based CLW locomotive factory produced a total of 431 locomotives in the financial year 2019-20, to be recognized by Limca Book of Records as World Record. It surpassed its own record of manufacturing a number of 402 locomotives in the financial year 2018-19, which itself was a world record. The production of locomotives by CLW has witnessed a jump of 75 percent over the last six years from 250 locomotives in 2014-15 to 431 locomotives in 2019-20, under the ‘Make in India’ initiative.

4. Government Extends Tenure of Acting President of NCLT, BSV Prakash Kumar, for 3 Months: The Ministry of Corporate Affairs (MCA) has extended the tenure of BSV Prakash Kumar as the Acting President of National Company Law Tribunal (NCLT) for another three months with effect from 5 April 2020, or till the joining of new President, whichever is earlier. Kumar was appointed as acting President for a period of three months on January 5 after the retirement of Justice MM Kumar as the NCLT President.

5. AICTE launches “MHRD AICTE COVID-19 Student Helpline Portal”: All India Council for Technical Education (AICTE) has launched “MHRD AICTE COVID-19 Student Helpline Portal” to address the issues faced by students due to closure of colleges and hostels amid national lockdown due to COVID-19 outbreak. The portal has been developed within a day and will provide help students regarding the issue of Accommodation, Food, online Classes, Attendance, Examinations, Scholarships, Health, Transport, Harassment etc. The portal link is here: https://helpline.aicte-india.org
Note: Chairman of AICTE: Anil Sahasrabudhe.
Union Minister of Human Resource Development: Ramesh Pokhriyal ‘Nishank’.

6. Online Hackathon “Hack the Crisis-India” launched: Online Hackathon “Hack the Crisis-India”, a part of a global initiative has been launched to find the working solutions to overcome the COVID 19 pandemic. The hackathon was launched by Minister of State Electronics & Information Technology, Communications and Human Resource Development, Sanjay Dhotre. The “Hack the Crisis-India” hackathon will be organised by ‘Hack A Cause-India’ and ‘Ficci Ladies Organization Pune’ along with the support of Ministry of Electronics & Information Technology, Government of India (MEITY). Over 2000 teams and over 15000 participants will be participated in 48 hour hackathon with expert from India, Estonia and Finland.
Note: Union Minister of Electronics & Information Technology: Ravi Shankar Prasad.

7. Book Titled ‘Sridevi: The Eternal Screen Goddess’ Authored by Satyarth Nayak: Noted Indian author and screenwriter Satyarth Nayak has penned his first non-fiction book titled ‘Sridevi: The Eternal Screen Goddess’. The book reveals the journey of pan-Indian female superstar Sridevi, from child star to one of our greatest movie luminaries who forever changed the narrative of Indian cinema. The author is known for his bestselling debut novel The Emperor’s Riddles.

INTERNATIONAL UPDATES:

1. ADB warns global cost of virus could top $4 trillion: The coronavirus pandemic could cost the global economy $4.1 trillion as it ravages United States, Europe and other major economies, the Asian Development Bank warned. The estimated impact is equivalent to nearly five percent of worldwide output based on a range of scenarios, but the lender said losses from “the worst pandemic in a century” could be higher. The Manila-based bank said a shorter containment period could pare the losses to $2 trillion.

2. International Day for Mine Awareness and Assistance in Mine Action: 4 April: International Mine Awareness Day is commemorated every year on 4 April to spread awareness about the threat caused by landmines to the safety, health and lives of civilian populations and encourages state Governments to develop mine clearing programmes. “Mine action” refers to a range of efforts to clear landmines and explosive remnants of war and to mark and fence off dangerous areas. The theme for 2020 is “Advancing Protection, Peace and Development.”
Note: On 8 December 2005, the UN General Assembly declared 4 April to be observed as the International Day for Mine Awareness and Assistance in Mine Action every year and it was first observed in 2006. 
Daniel Craig is the first UN Global Advocate for the Elimination of Mines and Explosive Hazards.

OTHER UPDATES:

SPORTS

1. ‘Smart Triplets’ Launched As Official Mascots of 19th Asian Games, Hangzhou: The Olympic Council of Asia (OCA) digitally unveiled the official mascots, of the 19th Asian Games in Hangzhou, China on 3rd April 2020. The official mascot comprise of three sporty robots named Congcong, Lianlian and Chenchen, collectively named as the ‘smart triplets’. Mascots: They represents the UNESCO World Heritage sites of Hangzhou in eastern China. The first mascot is yellow colored robot ‘Congcong’ which represents the archaeological ruins of Liangzhu city. The second mascot, Green ‘Lianlian’ represents the West Lake and the name signifies a lake full of lush lotus leaves. The third mascot is ‘Chenchen’, which represents the Beijing-Hangzhou Grand Canal, where Blue represents science and technology.
Asian Games 2020: The 19th Asian Games will be held in Hangzhou, China from September 10 to 25, 2022. It will be the third Asian Games to be hosted by China following Beijing in 1990 and Guangzhou in 2010.

2. FIFA Under-17 Women's World Cup postponed: The FIFA Under-17 Women's World Cup scheduled to be played in India in November (2nd to 21st) has been postponed due to the Coronavirus pandemic by FIFA-Confederations working group. FIFA Under-20 Women’s World Cup has also been postponed which was about to be held in Panama and Costa Rica. Under-17 Women's World Cup was scheduled to be played in India across five host cities - Navi Mumbai, Guwahati, Ahmedabad, Kolkata and Bhubaneswar.

BANKING AND FINANCE

1. Pravin Jadhav resigns as MD and CEO of Paytm Money: Paytm Money managing director and CEO Pravin Jadhav has resigned over rumoured differences with the company. Jadhav, who built Paytm’s wealth management arm into India’s leading mutual fund platform, reportedly quit over issues related to employee stock options (ESOPs) and remuneration.

2. 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. All such contributions will be entitled to 100 per cent income tax exemption under Section 80G of the Income Tax Act.

BUSINESS AND ECONOMY

1. IIM-B & ICICI Securities teams up to launch program for fintech startups: As a part of its Corporate Social Responsibility (CSR) initiative, ICICI Securities (I-Sec) has partnered with IIM Bangalore’s startup hub N S Raghavan Centre of Entrepreneurial Learning (NSRCEL) to launch program for fintech startups having the duration of 15 months. The startups working in the fields of insurance, personal finance, banking, trading, wealth advisory, payments, lending and taxation can avail the benefits of the program.
Note: MD & CEO of ICICI Securities: Vijay Chandok.

2. 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).
Note: President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.

OBITUARIES

1. Veteran Indian-origin virologist Gita Ramjee Passes Away: Gita Ramjee, a world-renowned Indian-origin South African virologist has passed away due to coronavirus complications. She was 63. She was a “Vaccine” scientist, an HIV prevention research leader and unit director of the Clinical Trial Unit of the HIV Prevention Research Unit of the South African Medical Research Council (SAMRC) in Durban. In 2018, she was awarded with the Outstanding Female Scientist Award in Lisbon for her lifetime commitment towards finding new HIV prevention methods. 

Friday, April 3, 2020

Daily GK Updates - 3rd April, 2020


NATIONAL UPDATES:

1. Naval Dockyard Visakhapatnam Develops Oxygen Cylinder MOM for COVID-19 patients: The Personnel of the Naval Dockyard Visakhapatnam (NDV), Andhra Pradesh has designed an innovative device called ‘Portable Multi-feed Oxygen Manifold’ (MOM). MOM is an oxygen cylinder that could be used to supply oxygen to six patients simultaneously, using a 6-way radial header fitted to a single cylinder. The device will enable critical care management to a larger number of Covid-19 patients with the existing limited resources. After successful trials, Naval Dockyard, Visakhapatnam has commenced manufacture of 10 portable MOM with two 6-way radial headers catering for 120 patients at makeshift locations. The preliminary trials were conducted at MI Room at NDV, followed by rapid trials at the Naval Hospital INHS Kalyani, where it was successfully installed within 30 minutes.
Note: Capital of Andhra Pradesh: Amaravati; Chief Minister of Andhra Pradesh: Y.S. Jagan Mohan Reddy; Governor of Andhra Pradesh: Biswa Bhusan Harichandan.

2. DRDO develops bio suit “Personal Protective Equipment”: A bio suit named as “Personal Protective Equipment” has been developed by the Defence Research and Development Organisation (DRDO). The bio suit has been fabricated by DRDO to keep the medical, paramedical and other personnel engaged in combating COVID-19 safe from the deadly virus. DRDO is seeking biosuits to serve as robust line of defence for the medics, paramedics and other personnel engaged in combating COVID-19. The current production capacity is 7,000 suits per day. The suit has been subjected to rigorous testing for textile parameters as well as protection against synthetic blood exceeding the criteria defined for body suits by Ministry of Health and Family Welfare.
Note: Chairman of Defence Research and Development Organisation (DRDO): G Satheesh Reddy; Established: 1958; Headquarters: New Delhi.

3. Government Launches Mobile App ‘AarogyaSetu’ To Help People Track Spread Of Coronavirus: In an effort to contain the spread of coronavirus, the Ministry of Electronics and IT has launched a mobile app called ‘AarogyaSetu’ which will enable people in identifying the risk of their getting affected by the CoronaVirus infection. AarogyaSetu is a Sanskrit term which translates to ‘A bridge of health’. This app, developed in public-private partnership, is a coronavirus tracker based on mobile location. Once installed in a smartphone, the app detects other devices with AarogyaSetu installed that come in the proximity of that phone. Using your phone location data and Bluetooth to assess if you’ve been near a person who was infected by COVID-19, the app will calculate the risk, using cutting edge Bluetooth technology, algorithms and artificial intelligence. The app is available in 11 languages and has been launched on both Andriod and ioS.

4. ‘Watson Assistant for Citizens’ to address COVID-19 queries: IBM has introduced ‘Watson Assistant for Citizens’ in India free of cost to address COVID-19 queries. ‘Watson Assistant for Citizens’ is an Artificial Intelligence platform which provides reliable information on COVID-19 related queries. ‘Watson Assistant for Citizens’ unites Watson Assistant, Natural Language Processing as well as Artificial Intelligence (AI) search capabilities that helps in understanding and responding to common queries about COVID-19. IBM is already delivering this service across the US, as well as engaging with organisations globally in Czech Republic, Finland, Greece, Italy, Poland, Spain and others. The initial solution is available in English and is being tailored to include Indian languages as well such as Hindi.
Note: Union Minister of Health and Family Welfare: Harsh Vardhan.

5. NCC offers its cadets to fight COVID-19 under ‘Ex NCC Yogdan’: National Cadet Corps (NCC) has offered its volunteer cadets for national duty to fight COVID-19 under ‘Exercise NCC Yogdan’. It has issued guidelines for temporary employment of its cadets to augment relief efforts and functioning of various agencies involved in battling the pandemic. Only Senior Division volunteer cadets above 18 years of age will be employed.
Note: Director-General of NCC: Lt Gen Rajeev Chopra; Headquarters of NCC: New Delhi; NCC founded: 16 April 1948.

6. Domino’s Pizza launches ‘Domino’s Essentials’ service: Domino’s Pizza has partnered with ITC Foods to launch “Domino’s Essentials”. 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.

7. NTPC appoints Dilip Kumar Patel as director HR: National Thermal Power Corporation (NTPC) Limited appointed Dilip Kumar Patel as its Director Human resources on 1 April. Patel has been the HR Head in various NTPC projects like NSPCL Bhilai, Sipat, and Tanda for around 12 years. He was also the Regional Head of HR in the Eastern Region-2 before he was appointed as the Director (HR).
Note: NTPC Ltd Founded: 7 November 1975; NTPC Ltd Headquarters: New Delhi, India; Chairman & MD NTPC Ltd: Gurdeep Singh.

8. Maharashtra Government launched COVID-19 self-assessment tool: Maharashtra Government in collaboration with Apollo 24X7 launched a COVID-19 self-assessment tool through which citizens can assess their symptoms from the comfort of their homes and later contact authorities if they have any doubts about their condition. It is available at https://covid-19.maharashtra.gov.in/. Immediate medical advice and other relevant contact information are also available on this link.

9. New features of e-NAM platform launched: Agriculture Minister launched new features of National Agriculture Market (e-NAM). It has introduced two modules: Warehouse based module to facilitate trade from e-NWR and FPO trade module to provide trade facility at their centre reducing their need to come to wholesale mandis for selling their harvested produce. Enhanced version of logistic module has been also released to help users to avail trackable transport facilities for transporting their produce.

10. NBT released questionnaires to evaluate COVID-19 Psycho-Social impact: NBT Study Group has released a set of Questionnaires in Hindi & English of seven segments to assess Psycho-Social Impact of COVID-19 and the Lockdown and How to Cope. The Public circulation of the Questionnaire is intended to create a conducive environment for community participation and sharing of emotions in the lockdown period. The link to access the questionnaire is https://nbtindia.gov.in/home__92__on-line-questionnaire-for-nbt-study.nbt.

INTERNATIONAL UPDATES:

1. World Bank Rolls out USD 160 billion emergency aid over 15 months to deal with global coronavirus pandemic: The Washington-based development lender World Bank has approved USD 160 billion in emergency aid over 15 months to help countries deal with the impact of the global coronavirus pandemic. In the first set of fast-track crisis funding, World Bank on 2nd April 2020, approved USD 1.9 billion for projects in 25 countries. The initiative will gradually move forward in another 40 nations in coming 15 months. The largest amount of assistance approved in first set was USD 1 billion for India. This was followed by USD 200 million for Pakistan, USD 129 million for Sri Lanka, USD 100 million for Afghanistan and USD 83 million for Ethiopia.

2. UK based 112-year-old Bob Weighton officially recognised as world’s oldest man by Guinness
The Guinness World Records has been officially confirmed Bob Weighton, from the United Kingdom, as the oldest person living (male) at 112 Years and 1 day as of 30 March 2020. Bob Weighton received the record title after Mr. Chitetsu Watanabe of Japan passed away on February 23rd 2020 at 112 years and 355 days.

OTHER UPDATES:

BANKING AND FINANCE

1. Govt cuts interest rates on small savings schemes for Apr-Jun quarter of FY21: The government has cut the interest rates on select small savings schemes by 80-140 basis points (0.8-1.4 percentage point) for the first quarter of 2020-21 (April-June 2020). The new interest rate will be effective from April 1, 2020. Interest rates for small savings schemes are notified on a quarterly basis. Percentage change in Small Savings schemes interest rates is as given below:

Instrument
Interest rate (%) from Jan 1, 2020
Interest rate (%) from April 1, 2020
Change (%)
Compounding Frequency
Savings deposit
4
4
0
Annually
1 year Time Deposit
6.9
5.5
-1.4
Quarterly
2 year Time Deposit
6.9
5.5
-1.4
Quarterly
3 year Time Deposit
6.9
5.5
-1.4
Quarterly
5 year Time Deposit
7.7
6.7
-1
Quarterly
5 year Recurring Deposit
7.2
5.8
-1.4
Quarterly
5 year Senior Citizen Savings Scheme
8.6
7.4
-1.2
Quarterly and Paid
5 year Monthly Income Account
7.6
6.6
-1
Monthly and Paid
5 year National Savings Certificate
7.9
6.8
-1.1
Annually
Public Provident Fund
7.9
7.1
-0.8
Annually
Kisan Vikas Patra
7.6
6.9
-0.7
Annually
Sukanya Samriddhi Yojana
8.4
7.6
-0.8
Annually


2. 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.

OBITUARIES

1. Tony Lewis, one of the inventors of Duckworth-Lewis-Stern method, passes away: Tony Lewis, one of the founding members behind the Duckworth-Lewis-Stern method used in weather-affected limited overs cricket matches, has passed away. He was 78. The former England Captain and Welsh cricketer, Tony invented the method along with fellow mathematician Frank Duckworth. The Duckworth-Lewis method was introduced in 1997 and adopted officially by the ICC (International Cricket Council) in 1999. It was renamed as the Duckworth-Lewis-Stern Method in 2014. DLS method is a mathematical formula used to calculate the target score for the team batting second in a limited over’s cricket match interrupted by weather or other circumstances.