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Current Affairs Of May 29




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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NATIONAL AFFAIRS

Government withdrew 7.75% Savings (Taxable) Bonds scheme due to declining interest rates

These bonds offered higher interest rate as compared to bank fixed deposits and other financial investment instruments offering equal degree of safety.

About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Formation– 1 April 1935
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, one is yet to be appointed).

CIPET renamed as Central Institute of Petrochemicals Engineering &Technology

Central Institute of Plastics Engineering & Technology (CIPET) was renamed as Central Institute of Petrochemicals Engineering and Technology. CIPET is a premier national institution under the Ministry of Chemicals and Fertilizers, Government of India (GOI).
About CIPET:
Director- General– S. K. Nayak.
Headquarters– Guindy, Chennai, Tamil Nadu (TN).

INTERNATIONAL AFFAIRS

672 million children will be trapped in to poverty by the end of 2020 due to COVID-19 Impact: UNICEF report

According to the report “Children in monetary poor households and COVID-19: Technical Note” released jointly by the UNICEF (United Nations Children’s Fund) & Save the Children, the economic crisis caused by the coronavirus  (COVID-19) epidemic may increase the number of children living in poor households in low- and middle-income countries by 86 million (or an increase of 15%) to reach 672 million by the end of 2020.

About United Nations Children’s Fund (UNICEF):
Headquarters– New York, US
Executive Director– Henrietta Fore

BANKING & FINANCE

ADB & India signs USD 177 million loan for road improvements in Maharashtra

The Asian Development Bank(ADB) and the Government of India signed a  USD 177 million loan to upgrade  11 state highways & 2 major district roads  with a combined length of 450 km, to 2-lane standard across seven districts of Maharashtra. 
About ADB:
Headquarters– Mandaluyong, Metro Manila, Philippine
President– Masatsugu Asakawa


ECONOMY & BUSINESS

India’s GDP growth to contract 5% in FY21: S&P Global Ratings

About S&P Global Ratings:
Headquarters– New York, U.S.
President– John Berisford


Tech firm Vakrangee joins hands with LIC to distribute micro insurance products

Tech firm Vakrangee Limited (VL) has entered into the Corporate Agency (Registration Code CA0249) partnership with Life Insurance Corporation of India (LIC) to distribute latter’s micro insurance products in unserved and underserved areas through its Nextgen Vakrangee Kendra network spread across India.
About Vakrangee Limited:
Managing Director & CEO– Mr. Dinesh Nandwana
About Life Insurance Corporation of India (LIC):
Headquarters– Mumbai, Maharashtra     
Chairman– M R Kumar 

HIL(India) to supply 25 tonnes of pesticides to Iran to control locust invasion

HIL, (India) Limited (Formerly- Hindustan Insecticides Limited) a Public sector undertakings(PSU) under Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers is in process to produce & supply 25  MT  Malathion Technical  to Iran  for the Locust Control Program under government arrangements.

About MEA:
Union Minister– Subrahmanyam Jaishankar
Minister of State– V. Muraleedharan(Constituency- Vadakara, Kerala)

APPOINTMENTS & RESIGNATIONS          

Brazil’s Marcos Prado Troyjo elected as new President of NDB; SBI’s Anil Kishora vice-prez

Marcos Prado Troyjo will succeed eminent Indian banker Kundapur Vaman Kamath who took over as the first president of the bank in 2015.

About NDB:
Formation– July 2015
Headquarters– Shanghai, China
Membership– Brazil Russia India China South Africa (BRICS)

IOC appoints Narinder Batra as member of Olympic Channel Commission

Indian Olympic Association (IOA) President Dr Narinder Dhruv Batra, 63 years old, was appointed as a member of the Olympic Channel Commission. Badra also heads the International Hockey Federation (FIH).
About International Olympic Committee (IOC):
Headquarters– Lausanne, Switzerland.
President– Thomas Bach.


JP Morgan’s Kalpana Morparia to retire & Leo Puri to take over

Leo Puri, the former Managing Director(MD) and Chief Executive Officer(CEO) of UTI Mutual Fund, will take charge as the chairman of JP Morgan, South and Southeast Asia after Kalpana Morparia(70 years old) retirement in 2021. 

Zomato elevates food-delivery CEO Mohit Gupta as co-founder

Deepinder Goyal, Founder and (CEO) Chief Executive Officer of food ordering platform Zomato has virtually- appointed Mohit Gupta, the CEO- of its food delivery business as one of its co-founder. 

About Zomato:
Headquarters– Gurugram, Haryana.
Founders– Deepinder Goyal and Pankaj Chaddah.



SCIENCE & TECHNOLOGY

ISRO receives patent for highland soil simulant for future lunar missions

About ISRO:
Headquarters Bengaluru, Karnataka
Parent organisation Department of Space
Director– Kailasavadivoo Sivan


IMPORTANT DAYS

World Hunger Day 2020: May 28



STATE NEWS

Ladakh inaugurates the 1st Solar Lift Irrigation Plant of Kargil

Ladakh’s Director of Animal, Sheep Husbandry and Fisheries Mohammad Raza inaugurated the 1st Solar Lift Irrigation Plant of Kargil with five kilowatt(KW) Solar Plant and 3 Horsepower(HP) Submersible Pump(installed by Kargil Renewable Energy Agency- KREDA)  at Yak Breeding Farm, Bodh Kharboo.

The Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 modified by Maharashtra Gov.

Maharashtra Governor Bhagat Singh Koshyari has made certain modifications in Section 6 of the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006, (also called as Forest Rights Act-FRA) in its application to the Scheduled Areas of the State of Maharashtra.
About Maharashtra:
Capital– Mumbai
Chief Minister– Uddhav Thackeray

Senior IAS officer Vishwas Mehta appointed as new Chief Secretary of Kerala