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Current affairs of may 9

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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Nitin Gadkari sets road construction target for next 2 years at Rs 15 lakh crore during virtual meet of MoRTH & SIAM

The objective of the meet was to discuss challenges being faced by the auto industry affected by COVID-19 pandemic along with few suggestions and requested support from the government to keep the smooth working of the sector.

About Ministry of MSME:
Minister of State– Pratap Chandra Sarangi
About SIAM:
President– Rajan Wadhera
Headquarter– New Delhi

Defence Minister Rajnath Singh inaugurates 80 km link road for Kailash Mansarovar through VC

Defence Minister Shri Rajnath Singh has inaugurated 80km strategically crucial road link connecting Lipulekh pass (China Border) with Dharchula in Uttarakhand through video conferencing (VC).

About Ministry of Defence:Headquarters– New Delhi
Minister of State– Subhash Bhamre

SC Ruling: Cooperative banks come under SARFAESI Act, 2002; Parliament can prescribe recovery process for cooperative banks

Section 2(1)(c) of SARFAESI Act of 2002 empowers the cooperative banks with recovery procedures including seize and sell defaulters’ assets. The recovery procedure u/s (under section) 13 of the Act is also applicable to such banks.

Raksha Mantri Shri Rajnath Singh approves abolition of 9,304 posts in Military Engineering Service

On the recommendation of the Committee of Experts (CoE), headed by Lt General DB Shekatkar, Raksha Mantri (Minister of Defence) Rajnath Singh has approved the proposal of Engineer-in-Chief of Military Engineering Services (MES), Lt Gen Sanjeev Kumar Shrivastava, for abolition of 9,304 posts in MES.


AIIB grants $500 mn loan to India to deal with coronavirus disaster

Asian Infrastructure Investment Bank (AIIB) has approved a loan worth of $500 million for India’s ‘COVID-19 Emergency Response and Health Systems Preparedness Project’ to assist nation’s efforts to stop the risk posed by coronavirus (Covid-19).

Co-financed by the World Bank (WB)

About Asian Infrastructure Investment Bank (AIIB):Headquarters– Beijing, China
Membership– 78 Members
President– Jin Liqun

NABARD disburses Rs 12,767 crore to State Co-op Banks & RRBs to extend credit to farmers

The National Bank for Agriculture and Rural Development(NABARD) disburses Rs 12,767crore to State Co-operative(Co-op) Banks & Regional Rural Banks(RRBs) across the country to increase their resources for extending credit to farmers during the lockdown due to the outbreak of COVID-19 pandemic

Headquarters– Mumbai, Maharashtra
Chairman– Harsh Kumar Bhanwala


Moody’s slashes India’s GDP growth to zero in FY 21 from 2.6%

Moody’s slashed down India’s Gross Domestic Product(GDP) growth to zero for the current fiscal 2020-21 from its earlier forecast of 2.6%. In 2021-22 India’s GDP growth rate will bounce back to 6.6%
About Moody’s:
Headquarters– NewYork, United States
President & CEO– Raymond W. McDaniel, Jr.

Coir Board signs MoU with IIT Madras to establish CoE for Coir applications

Ministry of MSME (Micro, Small and Medium Enterprises) announced the signing of a Memorandum of Understanding (MoU) between the Coir Board and IIT (Indian Institute of Technology) Madras for setting up a Centre of Excellence (CoE) to boost the use of Coir applications

About MSME:
Headquarters– New Delhi.
Union Minister– Nitin Jairam Gadkari (Constituency- Nagpur, Maharashtra).
Minister of State (MoS)– Pratap Chandra Sarangi (Constituency- Balasore, Odisha).


Yes Bank appoints Neeraj Dhawan as chief risk officer

the Yes Bank appointed Neeraj Dhawan, as Chief Risk Officer(CRO) for a period of three years with immediate effect replacing Ashish Agarwal, the current Chief Risk Officer

About Yes Bank:
MD & CEO– Prashant Kumar
COO– Anita Pai
Headquarters– Mumbai
Founded– 2004


US-based Vista Equity Partners to buy 2.32% stake in Jio Platforms for  Rs 11,367 crore

The US-based private equity firm Vista Equity Partners to buy 2.32% stake in Reliance’s  Jio Platforms, for Rs 11,367 crore which will make Vista the largest investor in Jio Platforms after Reliance Industries and Facebook

About Vista Equity Partners:
Founder, Chairman & CEO– Robert F. Smith
About Reliance:
Corporate Office– Mumbai, Maharashtra
Chairman & Managing Director(MD)– Mukesh D. Ambani


China successfully launches ‘Long March 5B’ rocket to space as it steps up Moon landing plans

China has successfully launched a powerful white-large cargo rocket ‘Long March 5B’and prototype spacecraft towards the space from the Wenchang Space Launch Center on the coast of southern China’s island province of Hainan at 6 p.m. (Beijing Time).

About China:Capital– Beijing
Currency– Renminbi
President– Xi Jinping 

JNCASR Researchers Invent Economical, Energy-Efficient Wafer-Scale Photo detector for security

the Researchers of Jawaharlal Nehru Centre for Advanced Scientific Researcher(JNCASR) under the Department of Science and Technology, for security applications, invented an economical and energy efficient wafer-scale photo detector to detect weak scattered light and indicate unwanted activity. The photo detector is self powered and has fabricated gold-silicon which are highly photosensitive

Jawaharlal Nehru Centre for Advanced Scientific Researcher(JNCASR) is a multidisciplinary research institute
President– G U Kulkarni
Dean Research & Development– Chandra bhas Narayana
Location– Jakkur, Karnataka


World Red Cross and Red Crescent Day 2020, May 8

Globally May 8th is celebrated as the World Red Cross Day and Red Crescent Day every year this day is to celebrate and acknowledge the volunteers who help the people in need and to commemorate the birth anniversary of Henry Dunant the founder of International Committee of the Red Cross(ICRC) born on 8 May 1828. The first Red Cross Day was adopted on May 8, 1948

About ICRC:
President– Peter Maurer
Vice President– Gilles Carbonnier
Founder– Henry Dunant
Headquarters– Geneva, Switzerland
Created in– 1863

World Thalassaemia Day 2020: May 8

Theme for the year 2020: “The dawning of a new era for thalassaemia: Time for a global effort to make novel therapies accessible and affordable to patients”

About Thalassaemia International Federation (TIF):
President– Mr Panos Englezos.
Executive Director– Dr Androulla Eleftheriou.

World Hand Hygiene Day 2020: May 5

Theme for the year 2020: “SAVE LIVES: Clean your hands”

About World Health Organization (WHO):
Headquarters– Geneva, Switzerland.
Director-General– Tedros Adhanom Ghebreyesus.


UP passes ordinance to suspend most Labour Laws for 3 years

The Uttar Pradesh(UP) government has passed an ordinance ‘Uttar Pradesh Temporary Exemption from Certain Labour Laws Ordinance, 2020’, to suspend most of the labour laws for 3 years, where all factories & manufacturing  establishments will be exempt from existing labour laws

About UP:
National Parks (NP)– Dudhwa NP, Lakhimpur Kheri
Wildlife Sanctuary (WS)– Katarniaghat WS, Bahraich; Chambal WS,  Etawah; Chandra Prabha WS, Chandauli.
Tiger Reserve (TR)– Pilibhit TR, Pilibhit district

Yogi Adityanath launches ‘Pravasi Raahat Mitra’ app for migrant Workers

About Uttar Pradesh
Chief Minister(CM)– Yogi Adityanath
Governor– Anandiben Mafatbhai Patel
Capital– Lucknow
Official Animal– Barasingha
Official Bird– Sarus crane

Himanta Biswa Sarma presented Rs 1,03,762 cr Assam Budget for FY 2020-2021

Assam finance minister Himanta Biswa Sarma presented Budget for Assam for the financial year 2020-21.

About Assam:
Capital– Dispur
State animal– One-horned rhinoceros
State bird– White-winged duck

UP becomes first state to provide facility of beds with ventilators in each district