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Current affairs of may 24

We  bring you the complete and important daily Current Affairs of  April 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 may 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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Prakash Javadekar launched five key initiatives to conserve biodiversity during IDB virtual celebration on May 22, 2020

“International Day for Biological Diversity (IDB)” on the theme “Our solutions are in nature”.

Maruti Suzuki ties-up with Cholamandalam Investment & Finance to launch ‘Buy Now Pay Later’ offer

About Cholamandalam Investment and Finance Company (CIFCL):
Headquarters– Chennai, Tamil Nadu
Managing Director– Arun Alagappan
Executive Director– Ravindra Kundu
About Maruti Suzuki India Limited:
Headquarters– New Delhi
Managing Director & CEO- Kenichi Ayukawa
Executive Director (Marketing & Sales)-Shashank Srivastava

Edelweiss General Insurance launched app-based OD floater policy

Edelweiss General Insurance launched ‘Edelweiss SWITCH’, an app-based motor insurance own damage (OD) floater policy under IRDAI’s sandbox regulations. This driver-based motor insurance allows the owners of the vehicles to cover multiple vehicles under a single policy.

About Edelweiss General Insurance:
Executive Director & CEO – Shanai Ghosh
Chief Financial Officer(CFO) – Jitendra Attra
Corporate Office – Mumbai

ICICI introduced ‘ICICI Bank Golden Years FD’ a special FD with interest rate of 6.55% pa for senior citizens

The Private sector  ICICI bank as introduced  a special fixed deposit (FD) scheme for senior citizens called ‘ICICI Bank Golden Years FD’ which offers an  interest rate of 6.55% per annum(p.a) for deposits up to Rs 2 crores with a tenure of more than 5 years to 10 years. It is applicable for resident Indians & is available from May 20 to September 30, 2020.

About ICICI:
Corporate Office- Mumbai, Maharashtra
Registered Office– Vadodara, Gujarat
Managing Director & CEO– Sandeep Bakhshi
Chairman– Girish Chandra Chaturvedi

IRDAI’s working committee recommended enhancing trade credit policy (TCI) cover to 90% from 85%

Insurance Regulatory and Development Authority of India (IRDAI) formulated nine-member expert panel headed by New India Assurance (NIA) Chairman & Managing Director (CMD) Atul Sahai has recommended an increase in  indemnity (protection against finances) being provided to the policyholders under Trade Credit Insurance (TCI) from existing 85% of the trade receivables from each buyer to 90%.

For Micro and small enterprises (MSEs), 95% indemnity is proposed to provide relief in the event of loss which is beyond their control.

About IRDAI:
Headquarters– Hyderabad, Telangana
Chairman– Dr. Subhash Chandra Khuntia

UN declares Khudol initiative of Manipur as one of the top 10 global initiatives to fight against COVID-19

Jayathma Wickramanayake of Sri Lanka, United Nations (UN) Secretary-General’s Envoy on Youth, has listed Khudol (gift),a crowdfunded initiative of Imphal (Manipur) based NGO Ya_All, among the top 10 global initiatives for an inclusive fight against the coronavirus (COVID-19) pandemic.

NGO (Non Governmental Organization )Ya_All’s this initiate aims to provide food, health and hygiene of the LGBTQI+ (lesbian, gay, bisexual and transgender) community, people living with HIV (Human immunodeficiency virus), daily-wage earners, children and adolescents.

Through the network of 100 volunteers, the organization has provided over 1,000 health kits, 6,500 sanitary pads and 1,500 condoms to 2,000 families and individuals.

About United Nations (UN):
Headquarters– New York, United States
Secretary general– António Guterres
About Manipur:
Capital– Imphal
Governor– Najma Heptulla
Chief minister– N. Biren Singh

Forbes: Tennis star Naomi Osaka becomes world’s highest paid female athlete

Japanese tennis star Naomi Osaka, 22 years old, became the highest paid female athlete in the world, topping American great Serena Williams. Osaka has been ranked No.1 by the Women’s Tennis Association (WTA).

Osaka earned $37.4 million in the last 12 months from prize money and endorsements, $1.4 million more than Williams, setting an all-time earnings record for a female athlete in a single year. Maria Sharapova previously held the record with $29.7 million in 2015.

About Japan:
Capital– Tokyo.
Prime Minister (PM)– Abe Shinzo.
Currency– Japanese Yen.

11 member high-level committee under the chairmanship of Rajesh Bhushan formed to reform drug regulatory system in India

The centre has constituted a 11 member high-level committee to “simplify and expedite” the drug approval process in India. The committee chaired by Rajesh Bhushan, Officer on Special Duty, Ministry of Health was set up by the Ministry of Health and Family Welfare(MoHFW)

About MoHFW:
Union Minister–  Harsh Vardhan(Constituency- Chandni Chowk, New Delhi)
Minister of state– Ashwini Kumar Choubey(Constituency- Buxar, Bihar)

World Bank names Carmen Reinhart as chief economist and vice president

The World Bank named former Bear Stearns executive Carmen Reinhart as its new Vice President (VP) and chief economist, tapping an expert on financial crises who also serves on the advisory board of the New York Federal Reserve. Reinhart’s appointment is effective on June 15, 2020.

About World Bank:
Headquarters– Washington D.C., United States (US).
Motto– Working for a World Free of Poverty.
President– David Malpass.

Jahnabi Phookan appointed as National President of FICCI FLO

Jahnabi Phookan was appointed as the 37th National President of Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organization (FLO). She took over the position from Harjinder Kaur Talwar at the 36th FLO session in the presence of Om Birla, Lok Sabha Speaker. 

About FLO:
President – Jahnabi Phookan
Sr. Vice-President – Ujjwala Singhania
Executive Director – Rashmi Sarita