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CURRENT AFFAIRS OF MARCH 25


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.

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INTERNATIONAL AFFAIRS


Sri Lanka contributes $5 mn to SAARC corona emergency fund


About SAARC:Establishment– 8 December 1985
Headquarters– Kathmandu, Nepal
SecretaryGeneral– H.E. Mr. Amjad Hussain B.Sial
Members (8)– Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
About Sri Lanka:
Capitals– Colombo, Sri Jayawardenepura Kotte
Currency– Sri Lankan rupee
President– Nandasena Gotabaya Rajapaksa
Prime minister– Mahinda Rajapaksa


BANKING & FINANCE


On lending by banks to NBFCs is classified as priority sector in FY21


As per the revised norms, on-lending by NBFCs for ‘term lending’ component under agriculture will be allowed up to Rs 10 lakh per borrower.
-In case of micro and small enterprises (MSEs) the limit will be Rs 20 lakh per borrower.
-In the housing sector, the limit has been enhanced from Rs 10 lakh to Rs 20 lakh per borrower for classification of the loan as priority sector lending.




RBI opens Rs 59000cr emergency credit line for Yes Bank; a move after 16 years


The move comes after 16 years when a similar credit line was opened for Global Trust Bank in 2004 after which the bank merged with Oriental Bank of Commerce.




NABARD provides Rs 42,213 crore for building rural infrastructure



ECONOMY & BUSINESS




S&P slashes India’s GDP growth estimate for FY21 to 5.2 % from 6.5%


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


India’s first dedicated COVID-19 Centre set up by Reliance in Mumbai, Maharashtra; to produce 1,00,000 face-masks per day






Make in India: Pune-based Mylab becomes the 1st Indian firm to make diagnostic test kits for coronavirus




AWARDS & RECOGNITIONS   




Author Ruchika Tomar wins PEN/Hemingway Award 2020


for her 1st novel (debut) ”A Prayer for Travelers”





Zoya Akhter honoured with IIFTC Tourism Impact Award 2020 held in Mumbai, Maharashtra



APPOINTMENTS & RESIGNATIONS        




Shivraj Singh Chouhan becomes the CM of MadhyaPradesh


NATIONAL AFFAIRS


ICMR recommended hydroxychloroquine for caregivers of COVID-19 patients

Indian Council of Medical Research (ICMR)

This protocol has been approved by the Drug Controller General of India (DGCI), Dr. V. G. Somani.


IIT-Madras to organize India’s 1st Global Hyperloop Pod Competition

to increase the awareness & enthusiasm about Hyperloop in India.


SCIENCE & TECHNOLOGY




US successfully tested its first nuclear-capable hypersonic missile


In a major development, the United States (US) Navy and Armyhas successfully tested its common hypersonic glide body (C-HGB), a first unarmed prototype of a hypersonic missile capable of carrying nuclear warheads.


SPORTS




Canada becomes 1st country to back out of Tokyo Olympics 2020


due to the spread of Coronavirus disease rapidly across the world. Thus, Canada becomes the first country to back out of Tokyo Olympics 2020.


IMPORTANT DAYS



World Tuberculosis Day 2020: March 24


Theme of the year 2020: ‘It’s time’.




International Day for Achievers 2020: March 24




International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims 2020: March 24




SBI commits 0.25% of annual profit for FY 2019-20: COVID-19