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Weekly Current Affairs Of May 4th week

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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Missile Park ‘Agneeprastha’ to be set up, 2 MW Solar Power Plant inaugurated at INS Kalinga

The foundation stone for a Missile Park named ‘Agneeprastha’ was laid by  Commodore Rajesh Debnath & a 2 MegaWatt(MW) solar photovoltaic plant was commissioned by Vice Admiral Atul Kumar Jain, Flag Officer Commanding-in-Chief, Eastern Naval Command(ENS) at INS Kalinga, Visakhapatnam.

A 2MW plant was commissioned  in line with the initiative of the Union government to promote solar power and an objective to achieve 100 GigaWatt(GW) of solar power by 2022 as part of the National Solar Mission
About Indian Navy:
Headquarters– New Delhi, India
Chief of the Naval Staff(CNS)– Admiral Karambir Singh 

One Sun One World One Grid: India initiated talks on West to SE Asia solar grid

The aim of One Sun One World One Grid’ (OSOWOG) is to provide solar power to nations which lack sunlight, by building a common transmission system.

Minister of State (IC) (Power, New & Renewable Energy)– Raj Kumar Singh
Secretary– Indu Shekhar Chaturvedi

Piyush Goyal attends the Digital Summit on Exports organized by CII through video conference

Union Minister for Commerce & Industry and Railways, Piyush Goyal participated in the Digital Summit on Exports organized by the Confederation of Indian Industry(CII) through a Video Conference.  Export-Import(EXIM) Bank is the  Institutional Partner for the Summit.
ii.Exports are likely to improve in May, with the contraction expected to be 30-35%, after outbound shipments crashed by a record 60% in April.
About CII:
Corporate Office– New Delhi, India
President– Vikram Shreekant(S.) Kirloskar
Director General– Chandrajit Banerjee
About EXIM:
Head Office– Mumbai, Maharashtra
Managing Director(MD) & Chief Executive Officer(CEO)– David Rasquinha

Karnataka to launch State Health Register, a first-of-its-kind in India

i.This decision to launch the standardized health repository of citizens has been taken after the COVID-19 crisis which needed urgent focus on better healthcare for all. 
ii.Pilot project will be implemented in Chikkaballapur district, and Dakshina Kannada or Mangalore districts where door-to-door survey will be carried out by teams comprising Primary Health Centre officials, revenue officials, education department staff and ASHA (accredited social health activist) workers.  
About Karnataka:
Chief Minister Bookanakere Siddalingappa Yediyurappa
Medical Education Minister– Dr. Keshavareddy Sudhakar
Capital– Bengaluru

Nirmala Sitharaman chairs 22nd Meeting of the Financial Stability and Development Council (FSDC)

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).

Rs. 20,050 cr PMMSY detailed by Giriraj Singh:  Fish production target set to 220 LMT by FY24-25

It will be implemented for a period of 5 years i.e. from FY 2020-21 to FY 2024-25 in all states and Union Territories (UTs).

  • India is the 2nd  largest aquaculture and 4th  largest fish exporting nation in the world. 
  • It constituted 7.73% of the global fish production and export earnings of Rs.46,589 Crores (2018-19).

PFC signs MoU with NBPCL to fund hydro electric projects and Multipurpose projects worth Rs 22,000 crore

The Power Finance Corporation(PFC), under the Ministry of Power signed an agreement to fund Rs. 22,000 crore with Narmada Basin Projects Company limited(NBPCL) of Government of Madhya Pradesh for the 225 MW hydro-electric projects and multipurpose projects in the state. The MoU was signed by Rajeev Sharma, CMD, PFC and I.C.P Keshari, MD NBPCL on a virtual platform.
About PFC:
Chairman- Rajeev Sharma
Established- 16th July, 1986
About NBPCL:
Managing Director- I.C.P Keshari,IAS.,(1988 batch)

DST, Rajasthan in association with TRIFED, M/O Tribal Affairs organised Webinar on “Van Dhan Scheme: learnings for post COVID-19” 

The Department of Science and Technology(DST), Government of Rajasthan in association with The Tribal Cooperative Marketing Development Federation of India(TRIFED), under Ministry of Tribal Affairs & Ministry of(M/O) Tribal Affairs, Government of India has organized a webinar  under Know Your Scheme-Lecture Series on “Van Dhan Yojana : Learning For Post Covid-19” to help the tribal people.

Head Office– New Delhi, India
Managing Director– Pravir Krishna 

Chardham Project: BRO constructs 440-meter long tunnel below Chamba town in Uttarakhand

In a big boost to ''Char Dham'' project to connect holy towns of Gangotri, Kedarnath, Yamunotri and Badrinath, the Border Roads Organisation (BRO) has constructed a 440-meter-long tunnel under the Chamba town on Rishikesh-Dharasu road Highway (NH 94) in Uttarakhand even during the coronavirus (COVID-19) epidemic.

About Border Roads Organisation (BRO):
Headquarters- New Delhi
Director General- Lt. Gen.Harpal Singh

Former Supreme Court Justice A K Sikri inaugurates Indian Dispute Resolution Centre

Former Supreme Court Justice A K Sikri, International Judge, Singapore International Commercial Court inaugurates Indian Dispute Resolution Centre(IDRC), first of its kind Institutional Alternative Dispute Resolution(ADR) Centre to provide Offline and e-ADR facility through e-Arbitration, e-Mediation and e-Conciliation software portal.
About IDRC:
Chairperson- Mehar S Rathi
Secretary General- Mona Marwah
Director/Head of Operations- Riya Rathi
Head Office- New Delhi

First Meeting of XVFC’s Committee on Fiscal Consolidation Roadmap held through VC; GDP growth remains -6% to 1% for FY21

The committee headed by Nand Kishore (NK) Singh has recommended the judgement of Reserve Bank of India (RBI) on monetisation of fiscal deficit, as RBI is government’s principal debt manager.

Uttarakhand becomes the 1st state to release report on conservation of endemic, threatened floras

About Uttarakhand
Capital– Dehradun(winter capital), Gairsain(summer capital)
Chief Minister– Trivendra Singh Rawat
Governor– Baby Rani Maurya

1 crore treatments provided under AB-PMJAY, created webinar, launched Ask Ayushman & Hospital Ranking Dashboard: Harsh Vardhan

Ayushman Bharat Pradhan Mantri Jan Arogya Yojana(AB-PMJAY)

Launched ‘Ask Ayushman’ a chatbot on Whatsapp & “Hospital Ranking Dashboard”. Minister of State(HFW), Ashwini Kumar Choubey was present during the webinar.

Rajnath Singh participates in  MSMEs E-conclave “SIDM MSME Conclave 2020”

 “Society of Indian Defence Manufacturers (SIDM) MSME Conclave 2020“, jointly organised by SIDM, Confederation of Indian Industry (CII) and Department of Defence Production.

The Theme of the E-conclave is ‘Business Continuity for MSMEs in Defence & Aerospace Sector’ in which more than 800 Defence MSMEs participated.

About CII:
Corporate Office– New Delhi, India
President– Vikram S. Kirloskar

Union Minister Dr. Harsh Vardhan participates in NAM health ministers meeting through video conference

Union Minister of Health & Family Welfare, Dr. Harsh Vardhan participated in the Non-Aligned Movement (NAM) Health Ministers meeting through video conference. The NAM Summit is organised in a time when international community faces a pandemic and the meeting was chaired by Minister of Health, Republic of Azerbaijan, Mr. Ogtay Shiraliyev

Govt amends rules to ban global tender for procurement up to Rs 200 crores to benefit MSMEs

World Bank announces $160 billion assistance to 100 countries

The World Bank announced emergency operations worth USD (United States Dollar) 160 billion to 100 developing countries over a 15-month period to fight the deadly Coronavirus. The coronavirus pandemic and shutdown is expected to put over 60 million into extreme poverty globally.

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

Centre launches scheme for 100% solarisation of Konark sun temple & Konark town in Odisha

The implementation of this scheme will be done by Odisha Renewable Energy Development Agency (OREDA).

About The Ministry of New and Renewable Energy (MNRE) 

Minister of State- Raj Kumar Singh (Minister of State – Skill Development and Entrepreneurship)
Secretary- Indu Shekhar Chaturvedi
Headquarters- New Delhi

Defence Ministry approves procurement of 26 defence items from local suppliers to boost ‘Make in India’

About Defence Ministry:
Union minister– Rajnath Singh(Constituency- Lucknow,  Uttar Pradesh)
Minister of State– Shripad Yesso Naik(Constituency- North Goa, Goa)

Centre gives environmental clearance for drilling & testing of hydrocarbons in Assam’s Dibru Saikhowa Park

Oil India Ltd(OIL) informed that the Ministry of Environment, Forest and Climate Change(MoEF&CC) gave environmental clearance for extension drilling and testing of hydrocarbons at 7 locations inside Assam’s Dibru-Saikhowa National Park(NP).

About Ministry of Environment, Forest and Climate Change(MoEF&CC)

Union Minister– Prakash Javadekar(Constituency- Maharashtra)
Minister of State– Babul Supriyo(Constituency- Asansol, West Bengal)


U.S. joins G7 artificial intelligence group to counter China

The aim of this panel is to counter the China’s twisting technology in ways that threaten civil liberties.

About G7:
The Group of Seven (G7) is an international intergovernmental economic organization consisting of the seven largest economies in the world: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. European Union is an invitee to G7.

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

Taiwan President Tsai Ing-wen re-elected for second term; 2 Indian MPs sent congratulatory video messages

About Taiwan:
Capital– Taipei
Currency– New Taiwan dollar
About China
Capital– Beijing
Currency– Renminbi
President– Xi Jinping

US left open skies surveillance treaty due to non-compliance of Russia towards treaty

US submitted a notice of its decision to withdraw from the Treaty on Open Skies to the Treaty Depositories i.e. Canada and Hungary, and to all other states party to the Treaty.

It is a treaty of 34 nations while a 35th, Kyrgyzstan, has signed but not ratified it. It enables them to operate unarmed aerial surveillance flights over the entire territory of its participants.

It should be noted that India is not a part of this treaty.
About US:
Capital- Washington, D.C.
Currency- United States Dollar
President- Donald John Trump
About Russia:
Capital- Moscow
Currency- Russian Rouble
President- Vladimir Vladimirovich Putin

India sets up military war game centre called ‘INDIA’ for Ugandan Defence forces in Jinja

The Indian Association Uganda (IAU) and Indian Military Advisory and Training Team for Uganda Peoples Defence Forces (UPDF) have jointly set up military war game centre called ‘INDIA’ at the Uganda Senior Command and Staff College in Kimaka in Jinja District of Uganda with a cost of over 1 billion Ugandan shillings or $2,65,000.
The centre was inaugurated by the Ugandan President Yoweri Kaguta Museveni.
About Uganda:Capital– Kampala
Currency– Ugandan shilling

India’s crude steel output slips 65.2% to 3.13 MT in Apr: Worldsteel April 2020 report

The report included 64 steel production nations reporting to the worldsteel.

On global front, steel output also declined by 13% to 137.09 MT as compared with 157.67 MT in April 2019.
About World Steel Association:
Headquarters– Brussels, Belgium
Director General– Dr Edwin Basson

WHO and IOC team up to improve health through sport amidst COVID-19 Pandemic

The World Health Organization (WHO) and the International Olympic Committee (IOC) have teamed up to fight the battle against Covid-19 and have signed an agreement to work together to promote health through sport and physical activity.
About WHO:
Headquarters– Geneva, Switzerland.
Director-General– Tedros Adhanom Ghebreyesus.

India, Bangladesh sign pact to operationalise 5 more ports of call & 2 new routes

India Bangladesh signed the 2nd Addendum to the Protocol on Inland Water Transit and Trade in Dhaka.
About Bangladesh:
Capital– Dhaka
Currency– Bangladeshi Taka
Prime Minister– Sheikh Hasina
President– Abdul Hamid

Airtel Africa with UNICEF extends e-learning support to students

United Nations Children’s emergency Fund (UNICEF) partnered with Bharti Airtel’s Africa Arm to support the school children in the coronavirus affected areas and provide them access to remote learning and financial assistance to their families through mobile cash transfer.

The United Nations Children’s Fund formerly known as United Nations International Children’s Emergency Fund (UNICEF)
President- Rabab Fatima
Secretary- Hai Kyung Jun
Headquarters- New York
About Airtel Africa:
CEO & MD- Raghunath Mandava
CFO- Jaideep Paul
Headquarters- Nairobi


NABARD grants Rs 1,050 crore to West Bengal during FY 21 for the benefit of farmers & poor people

Headquarters– Mumbai, Maharashtra
Chairman– Govinda Rajulu Chintala
About West Bengal (WB):
Capital– Kolkata
Chief Minister– Mamata Banerjee
Governor– Jagdeep Dhankhar

Annual listing fee reduced by 25% for SMEs: BSE & NSE

The Bombay Stock Exchange(BSE) and National Stock Exchange(NSE) announced that they will reduce the annual listing fee by 25% for Small and Medium Enterprises(SMEs) companies, it is as a part of their attempts to lower the compliance costs for companies during the ongoing COVID-19 pandemic.

About BSE:
Headquarters– Mumbai, Maharashtra
Managing Director(MD) & Chief Executive Officer(CEO)– Ashishkumar Chauhan 
About NSE:
Headquarters– Mumbai,  Maharashtra
MD and CEO– Vikram Limay

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

Airtel Payments Bank joined hands with Mastercard to develop customised  payment solutions for farmers, SMEs

Airtel Payments Bank (APBL) has joined hands with Mastercard to develop a special type of payment solutions such as contact less payments via NFC (Near Field Communication), credit facility and other neighbourhood banking services for Indian farmers and small and medium enterprises (SMEs).

About Airtel Payments Bank:
Headquarters- New Delhi
MD and CEO– Anubrata Biswas
About Mastercard:
Headquarters– New York, U.S.
President and CEO– Ajaypal Singh Banga 

LIC launches modified PM Vaya Vandana Yojana pension scheme

Life Insurance Corporation of India(LIC) announced the launch of the Pradhan Mantri Vaya Vandana Yojana-PMVVY (Modified- 2020) Scheme for those over and above 60 years old. 
The sale will be available from May 26 for 3 financial years(up to March 31, 2023). 
About LIC:
Corporate Office- Mumbai, Maharashtra
Chairman- M R Kumar

Maruti Suzuki partners with ICICI Bank to provide retail financing schemes to customers

Maruti Suzuki India Limited (MSIL) announced its partnership with ICICI Bank to offer retail financing schemes to its customers. ICICI bank offers a flexible EMI scheme allowing the customers to pay minimum EMI initially to support them in the liquidity stress during COVID-19 situation.
About Maruti Suzuki:
Chairman- R.C Bhargava
MD & CEO- Kenichi Ayukawa
Head office- New Delhi
About ICICI Bank:
MD & CEO- Sandeep Bakhshi
Formed- 1955

Franklin Templeton appoints Kotak Bank as an advisor to assist in monetising assets of 6 Wind-up Schemes

Franklin Templeton Trustee Services Pvt. Ltd. has appointed an independent advisor Kotak Mahindra Bank to work together with Franklin Templeton Asset Management (India) Pvt. Ltd (the AMC), to assist the Trustees in monetizing portfolios of the 6 schemes  that are being wound up & make payouts to the affected investors.

About Franklin Templeton
Executive Chairman and Chairman of the Board– Gregory E. Johnson
President, India– Sanjay Sapre

IBM ties up with Intellect Design Arena to launch iTurmeric FinCloud platform for cloud services of banks, financial institutions

IBM (International Business Machines) ties up with the Intellect Design Arena Limited, a full spectrum banking and insurance products company, has launched iTurmeric FinCloud platform through IBM public cloud targeting financial institutions which are looking to switch to the latest tools and technologies.
About IBM:
Headquarters– Armonk, New York, United States (US).
President– Jim Whitehurst.
Chief Executive Officers (CEO)– Arvind Krishna.


India’s GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1 in 2019-20%: NSO

FDI raised 18% to $73.46 billion in FY20: DPIIT

Singapore again emerged as the largest equity FDI source, contributing to inflows of $14.67. However, this is a drop from the $16.22 billion Singapore contributed in 2018-19.
Parent organization– Ministry of Commerce and Industry
Minister of Commerce and Industry– Piyush Goyal
Headquarter– New Delhi

Indian economy to contract by 5% in FY21 by Fitch’s GEO and Crisil

About Fitch Ratings:
Headquarters- New York, US
President- Ian Linnell

Headquarters– Mumbai
Managing Director and Chief Executive Officer (CEO)– Ashu Suyash

Infosys ties-up with Zurich-based Avaloq for digital wealth management services

Infosys Limited, a global leader in next-generation digital services and consulting, has entered into the partnership with Avaloq, a Swiss company that develops and provides software for core banking, to offer end-to-end (e2e) products and services as Software-as-a-Service (SaaS) across the world to its clients.
About Infosys Limited:
Headquarters– Bangalore, Karnataka
President– Mohit Joshi
About Avaloq:
Headquarters– Freienbach, Switzerland
Chief Executive Officer(CEO)- Juerg Hunziker

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)

REC Ltd ties up with TajSATS to provide nutritious meals to medical staff in New Delhi

Fintech startup Zaggle ties up with Visa to launch innovative payments solutions for SMEs & startups

Fintech startup Zaggle informed that it has partnered with payments technology major Visa to launch innovative payment solutions for Small and Medium Enterprises(SMEs) and startups

About Zaggle:
Headquarters– Mumbai, Maharashtra
Founder & Chairman– Raj N Phani
Managing Director & CEO– Avinash Godkhindi
About Visa:
Headquarters- Foster City, California
Chairman and CEO- Alfred F. Kelly, Jr.

ONGC, NTPC signs MoU to start joint venture for renewable energy business

Oil and Natural Gas Corporation Limited (ONGC) and NTPC have signed a preliminary agreement to set up a joint venture for a renewable energy project 

About ONGC:
Chairman & Managing Director – Sashi Shanker

About NTPC:
Chairman & Managing Director – Gurdeep Singh

Ircon signs MoU with RZD International for joint development of railways

State-owned Ircon International Limited (IRCON) has signed a Memorandum of Understanding (MoU) with RZD International L.L.C. (Limited Liability Company), a subsidiary of government-owned Russian Railways Company, to explore opportunities for joint development of railways and other infrastructure projects in Asia, Africa and Latin America.
About Ircon:
Headquarters– New Delhi.
Chairman and Managing Director (CMD)– S.K. Chaudhary.
About RZD International LLC:
Headquarters– Moscow, Russia.
Director-General– Sergey Stolyarov.

ICRA sharply cuts India’s GDP growth forecast for FY21 at -5%

ICRA Limited ( Investment Information and Credit Rating Agency) 

About ICRA Limited:Headquarters– Gurugram, Haryana
Non-Executive chairman and independent director– Arun Duggal

Indian exports to fall by 20% during FY 21: FIEO

The Federation of Indian Export Organisations(FIEO), apex body of exporters informed that Indian exports are expected to fall by 20%  in the current fiscal, in value terms it will be  around USD 50 to 60 billion

About FIEO:
Headquarters– Niryat Bhawan, NewDelhi
President– Sharad Kumar Saraf

Bharat Biotech and Thomas Jefferson University to develop a new vaccine candidate for COVID-19

Vaccine manufacturer Bharat Biotech and Thomas Jefferson University of Philadelphia have signed an exclusive deal to develop a new vaccine candidate for COVID-19 at Jefferson with the support from the Department of Biotechnology

About Bharat Biotech:
Founder- Dr. Krishna M. Ella
Executive Director- Dr. V. Krishna Mohan 
Founded in- 1996
Headquarters- Hyderabad


Ola Electric acquires AppScooter maker Etergo, to launch 2-wheeler EV in 2021

Etergo BV has developed an all-electric state-of-the-art AppScooter, which has won multiple awards across the world for its innovative design and engineering. It uses a swappable, high energy battery that delivers a range of up to 240 km (149 miles).
About Ola Electric:
Chairman– Bhavish Aggarwal
Headquarter– Bengaluru, Karnataka
About Etergo BV:
Co-founder and CEO– Bart Jacobsz Rosier
Headquarter– Amsterdam, Netherlands

NCLT gives nod to sell IL&FS’s 50% stake in GIFTCL to Gujarat government

The principal bench of National Company Law Tribunal (NCLT) has given its nod to sell 50% stake in Gujarat International Finance Tec-City Co Ltd (GIFT City) held by crisis hit Infrastructure Leasing and Financial Services (IL&FS) to the Gujarat state government.
About Infrastructure Leasing & Financial Services (IL&FS):
Headquarters– Mumbai, Maharashtra
Chairman– Uday Kotak

ITC to acquire 100% equity of Sunrise Foods by share purchase agreement

ITC Limited entered into a Share Purchase Agreement(SPA) to acquire 100% of the equity share capital of Sunrise Foods Private Ltd(SFPL), which is primarily engaged in spices under the trademark ‘Sunrise’. 
About SFPL:
Headquarters– Kolkata, West Bengal
About ITC:
Registered Office– Kolkata, West Bengal
Chairman & MD– Sanjiv Puri 

Facebook acquires popular GIF database GIPHY 

Facebook has acquired New York based GIF database GIPHY for $400 million to integrate its GIF library into Instagram and other  Facebook apps, Vishal Shah, Instagram’s VP of product.

IRDAI approves Union Bank to continue with its 30% holding in IndiaFirst Life Insurance 

About UBI:
Headquarters– Mumbai, Maharashtra
Chairman & Part time Non-Official Director- Kewal Handa
Managing Director(MD) & Chief Executive Officer(CEO)– Rajkiran Rai G.
About IndiaFirst Life Insurance:
Headquarters– Mumbai, Maharashtra
MD & CEO– RM Vishakha
About IRDAI:
Headquarters–  Hyderabad, Telangana
Chairman– Subhash C. Khuntia

KKR buys 2.32% in Jio Platforms for Rs 11,367 crores

Reliance Industries Limited(RIL) announced the sale of a 2.32 % stake in its digital unit, Jio Platforms to US private equity giant KKR for Rs 11,367 crores, which is the 5th deal of Jio since 22 April that will inject Rs 78,562 crores in RIL to cut debt.

About RIL:
Corporate Office– Mumbai, Maharashtra
Chairman & MD– Mukesh D. Ambani
About KKR: 
Managing Director(MD), Private Equity, Mumbai- Rupen Jhaveri
Co-Chairman and Co-CEO–  George Roberts

Airtel acquires 10% stakes in conversational AI startup Voicezen

About Bharti Airtel Limited:
CEO & MD – Gopal Vittal(India and South Asia)
COO – Ajay Puri
Global CIO – Harmeen Mehta (Head of Digital)
Headquarters – New Delhi

CCI approves 100% acquisition of Emami Cement by Nuvoco Vistas Corporation Limited

The Competition Commission of India(CCI) has approved 100% acquisition of the total issued and paid up share capital of Emami Cement Limited(ECL)on a fully diluted basis, by Nuvoco Vistas Corporation Limited(NVCL) for an enterprise value of Rs 5,500 crore.

Tata Power International Pte Ltd acquires 10% stake in Adjaristsqali Netherlands BV

Tata Power announced that its subsidiary Tata Power International Pte Ltd(TPIPL) has acquired a 10% stake in Adjaristsqali Netherlands BV(ABV) from the International Finance Corporation(IFC) for USD 150,000 (about Rs 1.13 crore).

About Tata Power:
Registered Office– Mumbai, Maharashtra
CEO & Managing Director– Praveer Sinha
About ABV:
Headquarters– Amsterdam, Netherlands
Chairman– Kyrre Olaf Johansen

Union HRD Minister launches IGNOU’s Online Master’s Programme in Hindi

Union HRD (Human Resource Development Minister) Shri Ramesh Pokhriyal Nishank launched IGNOU’S (Indira Gandhi National Open University) Online Programme for Master of Arts (MA) in Hindi, through facebook live session. 

About HRD Ministry:
Minister– Ramesh Pokhriyal Nishank (Constituency- Haridwar, Uttarakhand).
Minister of State– Sanjay Dhotre (Constituency- Akola, Maharashtra).

Researcher of CSIRO develops “heat resistant” coral to fight bleaching

A team of scientists of Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Australia’s national science agency, the Australian Institute of Marine Science (AIMS) and the University of Melbourne successfully discovered corals with increased heat tolerance which has potential to reduce the impacts of coral reef bleaching due to climatic change. The research was funded  by the CSIRO, Paul G. Allen Family Foundation (USA), AIMS and the University of Melbourne.
About CSIRO:
Chairman- David Thodey AO
Deputy Chairperson- Shirley In’t Veld
Chief Executive- Larry Marshall
Founded- 1916
Headquarters- Australia


PFC board appoints RS Dhillon’s as CMD 

State-run Power Finance Corporation (PFC) announced the appointment of Ravinder Singh Dhillon as chairman and Managing Director (CMD) from June 1, 2020. 

SN Rajeshwari appointed as new CMD of Oriental Insurance 


Thierry Delaporte, COO of Capgemini becomes the new CEO and MD of Wipro

About Wipro:
Chairman- Rishad Premji
Founder Chairman- Azim H. Premji
Headquarters- Bengaluru, Karnataka
Established- 1945

Sandip Mukund Pradhan gets two-year extension as Director General of SAI

SAI announced Rs.30,000 each for 2,749 Khelo India athletes
The Sports Authority of India (SAI) has deposited Rs 30,000 each as out of pocket allowance (OPA) in accounts of 2749 Khelo India athletes, a total of Rs. 8.25 crores. The allowance is for the first quarter of 2020-21.     

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.


Indian Army Major Suman Gawani becomes the 1st Indian peacekeeper to receive UN Military Gender Advocate award 2019

Brazilian Naval Officer Commander Carla Monteiro de Castro Araujo has also been selected for the prestigious award

Dr. Rajiv Joshi won the Inventor of the year Award, NYIPLA 2020

IBM Academy of Technology member Dr. Rajiv Joshi won The New York Intellectual Property Law Association(NYIPLA) 2020 Inventor of the Year Award, to honour for his work in advancing the electronic industry and improving artificial intelligence(AI) capabilities. He received the award through an online interview.
President- Colman B. Ragan
President-Elect- Robert M.Isackson


A new species of small freshwater fish “Puntius sanctus” discovered in Velankanni, Tamil Nadu

Cyclone Amphan causes havoc in India and Bangladesh

About Indian Meteorological Department (IMD):
Headquarters– New Delhi
Director General- Mrutyunjay Mohapatra


AI virtual assistant PAi launched: NPCI 

To create awareness around its products like FASTag, RuPay, Unified Payments Interface(UPI), Aadhaar Enabled Payment System(AePS) on a real time basis & to improve digital financial inclusion in India. 
It is developed by Bengaluru based startup CoRover Private Limited.

About NPCI:
Registered Office– Mumbai, Maharashtra
Managing Director(MD) & Chief Executive Officer(CEO)– Dilip Asbe

Western Naval Command sets up Ultraviolet sanitisation Bay at the Naval Dockyard

The Indian Navy has set up an Ultraviolet(UV) sanitisation Bay at the Naval Dockyard, Mumbai to decontaminate the coveralls, tools, personal gadgets, masks, cloths and other items of the workers who will resume their works after the life of lockdown in the Dockyards and other naval establishments to control the spread of COVID-19.

NASA renames its WFIRST Telescope after ‘Mother of Hubble’ Nancy Grace Roman

The National Aeronautics and Space Administration(NASA) renamed its Wide Field Infrared Survey Telescope(WFIRST), a next-generation space telescope as Nancy Grace Roman Space Telescope or Roman Space Telescope to honor Nancy Grace Roman(“Mother” of NASA’s Hubble Space Telescope)

About NASA:
Headquarters– Washington, United States.
Administrator– James Frederick “Jim” Bridenstine(13th administrator)

Kochi Startup Devaditek Innovations develops decontamination device ‘Lumos’ to check COVID-19 spread

In order to prevent infectious coronavirus (COVID-19) breakout, Devaditek Innovations Private Limited, a start-up company focusing on technology transfer in the areas of medical devices, based in Maker village Kochi (Kerala), has developed a multi-purpose decontamination device called ‘Lumos’ that can sanitize items ranging from N95 masks to vegetables by using UVGI technology.

About Devaditek Innovations Private Limited:
Director– Sumith C Mohan

ISRO receives patent for highland soil simulant for future lunar missions

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

CSIR-IIIM & Reliance Industries Limited (RIL) to develop RT-LAMP based test for Coronavirus

The Institute of Integrative Medicine (IIM) in Jammu has collaborated with Reliance Industries Limited (RIL) to develop and increase a new Reverse Transcriptase-Loop Mediated Isothermal Amplification (RT-LAMP)- based COVID-19 diagnostic kit. 

IIT Madras develops magnesium alloy to replace steel, aluminium in cars

The research team of Dr. Sushanta Kumar Panigrahi, Associate Professor, Department of Mechanical Engineering at Indian Institute of Technology (IIT), Madras, Professor Rajiv Mishra, University of North Texas and K.Cho, the United States(US) Army Research Laboratory has engineered a magnesium alloy to replace the steel and aluminium in the automobile industry to reduce the carbon footprint and increase fuel efficiency.
About IIT Madras:
Director- Bhaskar Ramamurthi
Inaugurated- 1959

Researchers of INST found a route to fabricate precisely controlled nanostructure of desired geometry and location on 2D materials

Researchers team led byDr.Kiran Hazra, of Institute of Nano Science and Technology (INST), Mohali an autonomous institute under the Department of Science and Technology (DST) found an innovative route to fabricate precisely controlled nanostructure of the required geometry and location on two dimensional(2D) materials using one-step low power laser writing process.

About INST:
Director- Amitava Patra
Location- Mohali, Punjab

Mumbai based start-up VAMS Global develops world's 1st contactless visitor management software 'VAMS SafeGuard'

VAMS (Visitor Authentication & Management Systems) Global, a Mumbai based startup offering specialized solutions for Corporates & Commercial Buildings, has developed world's 1st contactless Visitor Management Software called 'VAMS SafeGuard' that checks body temperature, scans faces with mask compliance & monitors social distancing on the premise.

About VAMS Global:
Location- Mumbai, Maharashtra
CEO- Nikhil Kothary

US Navy successfully tests 1st solid state laser weapon system to destroy aircraft mid-flight

i.USS Portland (LPD-27) of the United States (US) Navy successfully destroyed an unmanned aerial vehicle (UAV) with a solid-state laser, “Laser Weapon System Demonstrator (LWSD)” from Pacific.
ii.Lasers, also known as, directed energy weapons (DEW), are effective defenses against drones or armed small boats.
iii.LWSD was developed by Northrop Grumman.

About Northrop Grumman:
Headquarters– Virginia, United States
Chairman, Chief Executive Officer (CEO) and President– Kathy J. Warden

DRDO’s RCI develops ‘AINA’ AI-based Attendance Application

The Research Centre Imarat (RCI), DRDO (Defense Research and Development Organization) laboratory, Hyderabad, Telangana, developed an AI (Artificial Intelligence)-based Attendance application (AINA) which allows non-contact based personnel verification, using facial features of the person in the wake of COVID-19 pandemic.
About RCI:
Director– BHVS Narayana Murthy.

Indian Navy made breathable PPE kit “NavRakshak”

Indian Navy made “NavRakshak” PPE kit made with innovative breathable fabric material, to provide comfort to healthcare workers working against COVID-19 pandemic wearing multi-layered coverall PPE treating patients in the hot and humid condition for more than 12 hours.

New space defense unit launched:Japan 

Japan has launched a new space defense unity to monitor and counter threats to the country’s satellites. The main role of the unit is to monitor and protect Japanese satellites from enemy attacks or space debris and also to conduct satellite-based navigation and communications for other troops in the field.

IIT Guwahati discovers methods to prevent memory loss due to Alzheimer

The research team of Indian Institute of Technology (IIT) Guwahati headed by Professor Vibin Ramakrishnan

SCTIMST commercially launched RNA extraction Kit ‘Agappe Chitra Magna’ for detection of COVID-19

Sree Chitra Tirunal Institute for Medical Science and Technology (SCTIMST), Trivandrum with Agappe Diagnostics Ltd, Cochin, a vitro diagnostics manufacturing company organised the commercial launch of The Agappe Chitra Manga, a magnetic nanoparticle-based RNA extraction Kit for the detection of COVID-19 at the Biomedical Technology Wing of SCTIMST.

Researchers at IIT-Madras develop solar parabolic trough collector

Researchers at the Indian Institute of Technology-Madras (ITT-M), developed a solar ‘parabolic trough collector’ (PTC) system for concentrating solar energy for industrial applications like desalination, space heating and space cooling.
About IIT-Madras:
Motto– Success is born out of action.
Chairman– Dr Pawan Goenka.
Director-Bhaskar Ramamurthi.

A rare palm from Andamans ‘Pinanga andamanensis’ replanted at Kerala’s JNTBGRI

A rare palm of South Andaman Island ‘Pinanga andamanensis’ will be grown in Palode (Kerala) with the help of  Jawaharlal Nehru Tropical Botanic Garden and Research Institute (JNTBGRI).

About JNTBGRI:Location– Thiruvananthapuram,Kerala
Director– R. Prakashkumar


Union HRD Minister releases three handbooks prepared by CBSE on Cyber security for students, 21st Century Skills and Principals’ handbook


World Digestive Health Day 2020, May 29

The theme of the WDHD 2020 is “Gut Microbiome – A Global Perspective”

World Vape Day 2020: May 30

International Day of UN Peacekeepers 2020 May 29

The theme of 2020 International Day of UN Peacekeepers is “Women in Peacekeeping – A key to Peace”.

World Menstrual Hygiene Day 2020: May 28

The theme of MH day, 2020 is ‘’Periods in Pandemic – it is time to take action!”

World Hunger Day 2020: May 28

World Thyroid Day 2020, May 25

International Missing Children’s Day 2020: May 25

International Day for Biological Diversity 2020: May 22

Theme for the year 2020: Our solutions are in nature.

World Day for Cultural Diversity for Dialogue and Development 2020: May 21

Headquarters– Paris, France.
Director-General– Audrey Azoulay.

International Tea Day 2020, May 21

About Tea Board of India:
Chairman- Prabhat Kamal Bezhoruah
Deputy Chairman- Arun Kumar Ray
Director (Tea Development)- S Soundararajan
Headquarters- Kolkata

National Anti Terrorism Day 2020: May 21


Famous Lyricist Yogesh Gaur passes away at 77 

Chhattisgarh’s First CM Ajit Jogi passed away at 74

About Chhattisgarh:
Capital– Raipur.
Governor– Anusuiya Uikey.
Chief Minister (CM)– Bhupesh Baghel.

Rajya Sabha member M.P. Veerendra Kumar passes away at 83

Padma Shri awardee, Noted Urdu satirist Mujtaba Hussain passes away at 84

Former Tamil Nadu footballer Shanmugam passes away at 77

Hong Kong’s “King of Gambling”, Stanley Ho passed away at 98

Renowned vocalist Shyamala Bhave passes away at 76

Hockey Icon Padma Shri Balbir Singh Sr passed away at 96

About Hockey India:
President- Mushtaque Ahmad
Secretary General- Rajinder Singh
Formed- May 20, 2009
Headquarters- New Delhi

Former Inter coach Gigi Simoni passed away at 81

Former Inter head coach Gigi Simoni, who led a Ronaldo-inspired team to UEFA (Union of European Football Associations) Cup glory in 1998, passed away at the age of 81 in Pisa, Italy.

About Italy:
Capital– Rome.
President– Sergio Mattarella.
Prime Minister (PM)– Giuseppe Conte.


JK Rowling releases children’s book ‘The Ickabog’ online for free

Harry Potter author JK Rowling released a new online Children’s book named ‘The Ickabog’ to entertain children during Coronavirus lockdown.

Ruskin Bond’s new book ‘Hop On: My Adventures on Boats, Trains and Planes’ released on his 86th birthday


Chief Minister of Madhya Pradesh launches ‘Rozgar Setu Yojana’ for skilled workers

About Madhya Pradesh:
Governor- Lal Ji Tandon  
Chief Minister- Shivraj Singh Chauhan
Capital- Bhopal

Uttarakhand launches Mukhyamantri Swarozgar Yojana for returnee migrants

Uttarakhand Chief Minister (CM) Trivendra Singh Rawat, launched the scheme named “Mukhyamantri Swarozgar Yojana” to retain the migrants who have returned to the state during the lockdown.  

About Uttarakhand:
Capital- Dehradun (winter capital), Gairsain (summer capital).
Governor- Baby Rani Maurya.

Uttar Pradesh Government develops 800 Km roads as Herbal roads

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

Tamil Nadu govt inks 17 investment MoUs worth ₹15,128 cr with corporates

With the impact of Coronavirus (COVID-19) on the Industry and the economy,the state government of Tamil Nadu (TN) has inked 17 memorandum of understandings (MOUs) worth ₹15,128 crore with various companies based in Germany, Finland, Taiwan, China, France, South Korea, Japan, USA, Australia, England and Netherlands with the aim to provide employment opportunities to 47,150 people.
About Tamil Nadu (TN):
Capital– Chennai
Chief minister– Edappadi K. Palaniswami
Governor– Banwarilal Purohit

Flipkart signs MoU with Karnataka State Mango Department to support mango farmers

The Karnataka State Mango Department and Marketing Corporation Ltd.(KSMD&MCL) and Flipkart signed a memorandum of understanding (MoU) to support the mango farmers in this mango season to sell their produce through the online platform of Flipkart.

SKIMS in Srinagar gets its first of it’s kind Infectious Disease Block facility

Jammu and Kashmir (J&K) Lieutenant Governor's adviser Baseer Ahmad Khan inaugurated first of it’s kind Infectious Disease Block (IDB) facility at Sher-i-Kashmir Institute of Medical Sciences (SKIMS) at Soura in Srinagar, J&K. 

About SKIMS:
Director- Dr AG Ahangar.
DeanDr Omar Javed Shah.

Tamil Nadu starts Implementation of Solar Fence Farmland Protection Programme

The Government of Tamil Nadu started the preliminary works on implementing the Solar Fence Farmland Protection Programme, under the Central Agriculture Improvement Scheme.

About Tamilnadu Industrial Investment Corporation Ltd (TIIC):
Chairman- N. Muruganandam, 
Managing Director- Dr.M. Aarthi

‘Hunar Haat’ with the theme “Local to Global”to restart from September 2020

A flagship initiative ‘Hunar Haat’ by the Minority Affairs Ministry will make a comeback in September 2020 with a theme ‘Local to Global’, which is a platform for artisans and craftsmen from various parts of the country to showcase their art and craft and to generate employment for master craftspeople.

Voicebot ‘TIA’ on Whatsapp launched: Tata Capital 

Tata Capital, Private Non-Banking Financial Company (NBFC), has launched a voicebot “TIA” on WhatsApp.The voicebot offers a range of services to its customers like opting for a new loan or getting queries resolved etc to provide seamless and interactive services on the widely used messaging platform, Whatsapp.

A song titled 'Jayatu Jayatu Bharatam - Vasudev Kutumbakkam' penned by Prasoon Joshi

A song titled 'Jayatu Jayatu Bharatam - Vasudev Kutumbakkam' was released.The song lyrics penned by  Prasoon Joshi and composed by Shankar Mahadevan, as many as 211 singers involved like legendary singer Lata Mangeshkar to increase the nation's will power and evoke the spirit of self-reliance in this difficult time(COVID-19 pandemic).

Mizoram becomes the 1st state to give industry status to sports 

Mizoram sports minister Robert Romawia Royte informed that the state cabinet has cleared the proposal of the Sports and Youth Service department to grant sports an industry status to boost the sports sector & generate employment among others. It becomes the 1st state to do so.

About Mizoram:
Capital– Aizawl
Governor– Kummanam Rajasekharan

India Post & Bihar’s Horticulture dept. partnered to supply ”Shahi Litchi” &  “Zardalu Mango” to the people at doorstep

The Department of Posts, Government of India and Department of Horticulture, Government of Bihar has partnered to supply ”Shahi Litchi” of Muzaffarpur &  “Zardalu Mango” of Bhagalpur at the doorstep of people.

About Bihar:
Capital– Patna
Chief Minister– Nitish Kumar
Governor– Phagu Chauhan

UP govt to create migration commission to provide employment to migrant workers

The state government of Uttar Pradesh (UP) has decided to set up a ‘Migration Commission’ to provide employment and social security to over 23 lakh migrant workers in the state.

About Uttar Pradesh (UP):Capital– Lucknow
Governor– Anandiben Patel

MP Chief Minister Shivraj Singh Chouhan to inaugurate ‘Everybody will get employment’ scheme through video conferencing

Madhya Pradesh(MP) Chief Minister(CM) Shivraj Singh Chouhan will inaugurate the ‘Everybody will get employment’(Sabko Milega Rozgar) scheme through video conferencing. Under this scheme, Mahatma Gandhi National Rural Employment Guarantee Act, 2005(MNREGA) job cards will be distributed to the labourers.
About MP:
Capital– Bhopal
Governor– Lal Ji Tandon

Alibaba co-founder Jack Ma to resign from SoftBank’s Board

UP launches ‘Startup Fund’ signs MoU with SIDBI to promoted young entrepreneurs

About SIDBI:
Chairman & Managing Director(MD)- Mohammad Mustafa
Deputy Managing Director- Manoj Mittal
Founded- 2nd April 1990
Headquarters- Lucknow

Madhya Pradesh : Rural Livelihood Mission begins Didi Vehicle Service for safe delivery of rural women

About Madhya Pradesh (MP):
Capital– Bhopal.
Chief Minister (CM)– Shivraj Singh Chouhan.
Governor– Lalji Tandon.

Chhattisgarh Govt rolls out Rajiv Gandhi Kisaan Nyay Yojana for farmers

Under this scheme, an amount of Rs 5700 crore will be transferred directly to their accounts in four installments to 19 lakh farmers of the state.
About Chhattisgarh:
Capital– Raipur
Governor– Anusuiya Uikey
Chief minister– Bhupesh Baghel