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Current affairs of March 28

 Theatre day


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 March 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


YES Bank reconstitutes its BOD with 8 members

Board of Directors(BOD) 

The 8 members comprise of;
  • Prashant Kumar- Managing Director and Chief Executive Officer(CEO),
  • Sunil Mehta- Non-Executive Chairman,
  • Mahesh Krishnamurti- Non-Executive Director,
  • Atul Bheda- Non-Executive Director,
  • R Gandhi- Additional Director appointed by Reserve Bank of India(RBI),
  • Ananth Narayan Gopalakrishnan- Additional Director appointed by RBI,
  • Partha Pratim Sengupta- Director nominated by State Bank of India(SBI),
  • Swaminathan Janakiraman as Director nominated by SBI.

Highlights of Seventh Bi-monthly Monetary Policy Statement -2019-20; EMIs on hold for three months



Following table showing the policy rate changed in 7th Bi-monthly Monetary Policy
Following table showing the policy rate changed in 7th Bi-monthly Monetary Policy
Policy rateNew RatePrevious RateChange in Basis points (bps)
Policy Repo Rate      4.40 %5.15%75
Reverse Repo Rate   4%4.90%90
Marginal Standing Facility Rate  4.65%5.40%25
Bank Rate     4.65%5.40%25
CRR  4%3%100

RBI increased March 26, 2020 repo auction amount to Rs 50,000 cr from Rs 25,000 cr




ECONOMY & BUSINESS

CRISIL trims India’s GDP growth estimate for FY 21 to 3.5 % from 5.2%


About CRISIL:Headquarters– Mumbai,Maharashtra
MD and CEO– Ashu Suyash
Chief economist– Dharmakirti Joshi



Moody’s again slashes India GDP growth to 2.5% from 5.3% in 2020: COVID-19

About Moody’s:
Headquarters– NewYork, United States
President & Chief Executive Officer (CEO)– Raymond W. McDaniel, Jr.


India’s GDP growth rate may fall sharply to 2.6 % in 2020-21: SBI’s Ecowrap


About SBI (State Bank of India):Headquarters– Mumbai, Maharashtra.
Chairman– Rajnish Kumar.
Tagline– The banker to every Indian; With you all the way; Purely banking nothing else; The nation banks on us.
NATIONAL AFFAIRS

Finance Minister provided Rs 1.70 Lakh Cr relief package under PMGaribKalyanYojana for the poor to tackle Corona Virus

Insurance Cover of Rs 50 Lakh per healthcare worker workers fighting COVID-19 in Govt Hospitals & health centres

Farmers to get first instalment of Rs 2000 under PM KISAN in April 2020

Increase in MNREGA wage to Rs 202 a day from Rs 182 to benefit 13.62 crore families


PM Modi participated in Virtual G20 Leaders’ Summit to develop action plan against COVID-19; over USD 5 trillion to be injected

Current Presidency– Saudi Arabia
2020 G20 Presidency theme– Realizing Opportunities of the 21st Century for All
Chairman– Saudi Arabia King Salman bin Abdulaziz Al Saud (2020)2
2019 G20 Summit– Osaka, Japan



India and France conduct joint patrols for the first time

For the 1st time India & France conducted joint patrol from the Reunion Island in February 2020 by P-8I aircraft with French Navy personnel to maintain the security of international maritime routes for trade and communications.


Odisha to set up the largest COVID-19 hospital in the country

The Odisha Government announced that it is readying to set up the largest Covid-19 hospital in India due to the outbreak of the Coronavirus in the country. The state-level hospitals will have 1000 beds in Bhubaneswar, Odisha and will be functional in a fortnight.

About Odisha:
Capital– Bhubaneswar.
Chief Minister (CM)– Naveen Patnaik.
State flower– Ashoka.
State bird– Indian roller.


ACQUISITIONS & MERGERS

NTPC acquires Govt’s stake in THDC, NEEPCO for a total of Rs 11,500 Crore

NTPC ( formerly known as National Thermal Power Corporation Limited), India’s largest energy conglomerate, has inked a share purchase agreement (SPAs) worth of Rs 11,500 crore with the central government.
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.

About NTPC Limited:Headquarters– New Delhi
Chairman & MD– Gurdeep Singh
About THDC India Limited:
Headquarters– Rishikesh, Uttarakhand
Chairman & MD– Dhirendra Veer Singh
About NEEPCO:Headquarters– Shillong, Meghalaya
Chairman– Vinod Kumar Singh

SCIENCE & TECHNOLOGY

US launches advanced satellite for communication: AEHF-6

The United States (US) Space Force launched its 1st national security by sending an ultra-secure military communication satellite into orbit called Advanced Extremely High Frequency (AEHF)-6 from Cape Canaveral, Florida on the Atlas V551 rocket.

About US:
Capital– Washington
President– Donald Trump


OBITUARY

Padma Vibhushan awardee Satish Gujral passed away at 94

He was a Renowned artist and architect


BOOKS & AUTHORS


Savita Chhabra authored her first book titled “Legacy Of Learning”

Savita Chhabra, Chairperson of HRIPL (Hygienic Research Institute Private Limited) and an award-winning businesswoman, has authored & launched her first book titled “Legacy Of Learning” (selected verses from Srimad Bhagavad Gita).



IMPORTANT DAYS


World Theatre Day 2020: March 27

The messages given by renowned theatre artists focus on the theme of “Theatre and a Culture of Peace”.