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Current affairs of April 1

 Current affairs of April 1

Current Affairs 1 April 2020


We bring you the complete and important daily Current Affairs of  MARCH 2020 Quiz to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We prepare it based on our daily current affairs.Hope you like it.Current Affairs of March 2020 with Latest Current affairs March 2020 PDF for preparation of Bank Exam – PO & clerk, SSC, Railways & Insurance. Our Current Affairs of April 2020 PDF covers various sections like National March Current Affairs 2020, business & economy, Indian and International affairs 2020, defense, environment current affairs, persons and many for competitive exams preparing aspirants.



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 BANKING FINANCE


FPI limit in corporate bonds enhanced to 15% from 9% for FY21; FAR initiated for investment in G-Secs by non-residents

foreign portfolio investment (FPI) 



ICICI Bank launches banking services on WhatsApp

the ICICI Bank has launched Whatsapp banking to assist its customers in meeting the banking needs from homes during the lockdown.

About ICICI bank
Headquarters– Mumbai, Maharashtra
Managing Director & Chief Executive Officer (CEO)– Sandeep Bakhshi

In a 1st, BhartPe partners with ICICI lombard to launch ‘COVID-19 protection insurance cover’ for shopkeepers

 to introduce ‘COVID-19 Protection Insurance Cover’ for shopkeepers, who are most affected financially due to Coronavirus (COVID-19) outbreak.

About BharatPe:Headquarters– New Delhi
CEO & Co-founder– Ashneer Grover
About ICICI Lombard General Insurance Company Ltd:
Headquarters– Mumbai, Maharashtra
MD– Bhargav Dasgupta

ADB grants $60 million to Aavas financiers to improve women’s access to housing in India

About Aavas Financiers Ltd:Headquarters– Jaipur, Rajasthan
Managing Director and CEO– Sushil Kumar Agarwal
About Asian Development Bank (ADB):Headquarters– Mandaluyong, Philippines
President– Masatsugu Asakawa

NATIONAL AFFAIRS


Govt extended upto Rs 3 lakh crop loan interest benefits to farmers till May 31

the government has extended the benefit of 2% interest subvention (IS) to banks and 3% prompt repaymentincentive (PRI) to all farmers up to May 31, 2020 for all crop loans up to 3 lakh which have become due or are becoming due between March 1 and May 31, 2020. The decision has been taken due to the national lockdown situation to prevent Covid-19 infection.

ECONOMY & BUSINESS


S&P lowers India’s growth forecast for FY21 to 3.5% from 5.2% 

About S&P:
Headquarters– New York, United States
President and Chief Executive Officer(CEO)– Douglas L. Peterson


ACQUISITIONS & MERGERS 


IAG sold its 26% stake in SBI General Insurance for $310 mn

Insurance Australia General (IAG) 

About SBI General Insurance
It was a joint venture between SBI and Insurance Australia Group where SBI owns 70% stake.
Establishment– 2010
Headquarter– Mumbai, Maharashtra
Chairman– Rajnish Kumar
Managing Director (MD) & Chief Executive Officer (CEO)– PushanMahapatra


HDFC Trustee company acquires 5.45% stake in SpiceJet

HDFC Trustee Company Ltd, a wholly owned subsidiary of Housing Development Finance Corporation Limited (HDFC), has acquired 3.4 crore shares or 5.45% stake in Indian low-cost airline SpiceJet.

About HDFC Trustee Company Limited:Headquarters– Mumbai,Maharashtra
It is an arm of HDFC Mutual Fund.
About SpiceJet:Headquarters– Gurugram, Haryana
Chairman & Managing Director– Mr Ajay Singh


SCIENCE & TECHNOLOGY


Ministry of Tourism launched ‘Stranded in India’ portal to help foreign tourists stuck in India




Pune Woman behind First Indian made testing tool “Pathodetect Covid-19 Kit”

Virologist Minal Dakhave Bhosale from Pune had headed the designing team for the coronavirus testing kit called ‘Mylab PathoDetect COVID-19 Qualitative PCR kit’.She is the research and development chief of Mylab Discovery Solutions in Pune, the first Indian company have received full approval to make and sell Covid-19 testing kits.



Government of India launches coronavirus tracking app Corona Kavach

The app was jointly developed by the Union Ministry of Electronics and Information Technology (MeitY) & the Union Ministry of Health and Family Welfare (MoHFW).

The app uses a person’s location to assess whether they are in the high risk geographical zone or not and the app is available on the Google Play Store.


OBITUARY


Legendary historian Arjun Dev passes away at 81


BOOKS & AUTHORS


Shokoofeh Azar authored a book titled- The Enlightenment of The Greengage Tree



The book titled- ‘Backstage: The Story Behind India’s High Growth Years’ authored by Padma Vibhushan Montek Singh Ahluwalia



Satyarth Nayak authored a book- ‘Sridevi: The Eternal Screen Goddess’



STATE NEWS


Nagaland CM launched Self Declaration COVID-19 App

Nagaland CM (Chief Minister) Neiphiu Rio launched the Self Declaration COVID-19 application at Kohima, Nagaland. The app is crucial for tracking and surveillance of high-risk cases.

About Nagaland:
Capital– Kohima.
Governor– Ravindra Narayana Ravi.

PM Modi holds first ever video conference with 130 heads of Indian missions



Princess Maria Teresa of Spain becomes 1st royal to pass away from COVID-19