Weekly Current Affairs (22nd to 30th April 2020) Part - 1 Notes | EduRev

Weekly Current Affairs

Current Affairs : Weekly Current Affairs (22nd to 30th April 2020) Part - 1 Notes | EduRev

The document Weekly Current Affairs (22nd to 30th April 2020) Part - 1 Notes | EduRev is a part of the Current Affairs Course Weekly Current Affairs.
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Banking & Financial Awareness

1. The Reserve Bank of India has increased the limit for Ways and Means Advances (WMA) for Central Government to ________Rs 2,00,000 crores.
➢ RBI has increased the limit for Ways and Means Advances (WMA) by 66% for Central Government to Rs 2,00,000 crore from Rs 1,20,000 crore for the remaining part of first half of the financial year 2020-21 to tackle the financial crisis arisen due to COVID-19 pandemic.
➢ Last week, RBI increased the WMA limit of state governments by 60%.
➢ With this move states would get greater financial support to undertake COVID-19 containment and mitigation efforts.
➢ It should be noted that by Fiscal year end (FYE) i.e. on March 31, 2020 the WMA limit for H1 FY21 was increased to Rs 1.20-lakh crore against Rs.75,000 crore.

2. The Reserve Bank of India (RBI) has canceled the license granted to the ________ Mapusa Urban Co-operative Bank of Goa Ltd.

➢ The order came into effect from the close of business on 16 April 2020.
➢ In the sequence of cancellation of license and commencement of liquidation work, the process of payment of amount will be initiated to depositors of Mapusa Bank as per Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961.
➢ During the liquidation, every depositor will be entitled to deposit up to Rs. 5 lakh from the DICGC subject to the general terms and conditions.

3. To issue virtual and physical debit cards to enable its customers to perform secure online transactions Paytm Payments Bank Ltd (PPBL) has collaborated with _______ Mastercard.

➢ PPBL will issue Mastercard virtual debit cards to its new customers to perform secure online transactions for everyday purchases.
➢ After this, Customers will also have an option to request a physical card, for contactless in-store transactions supported by Mastercard’s chip-based technology.
➢ The aim of PPBL is to issue over 10 million digital debit cards in FY 2020-21.

4. Which public sector bank has launched Working Capital demand Loan for agriculture sector ________Indian Overseas Bank (IOB).

➢ It is a special credit facility for the agriculture sector & allied activities as a
relief measure to fight the coronavirus (COVID-19) pandemic.
➢ The loans will be available to all the existing borrowers whose accounts are ‘standard’ and ‘performing’ as of March 2020.
➢ The loans will be available to all the existing borrowers whose accounts are ‘standard’ and ‘performing’ as of March 2020 from poultry, dairy, fisheries and other allied activities and infrastructure activities such as cold storage and rural go-downs.

5. Fitch Ratings Inc in its ‘Global Economic Outlook (GEO)’ has lowered India’s GDP growth forecast to ________0.8 per cent.

➢ It revised its projection due to the global economic downturn caused by the spread of coronavirus (COVID-19) and Lockdown in India.
➢ Prior to this, Fitch had predicted India’s economic growth for the financial year (FY 20) at 4.9 %. However, the agency expects the growth rate in 2021-22 (FY 22) at 6.7 %.

6. The Confederation of Indian Industry (CII) in a paper- A plan for economic recovery has stated that India’s Gross Domestic Product (GDP) growth is likely to grow at ________ 1.5 per cent.

➢ In considering the extent of the damage to the economy from the disruption to business, the GDP growth in FY21 is likely to be the lowest in many decades.
➢ Without an increase in government spending in the near term for economic recovery, government’s revenue will decline and high deficits will be a problem in future.
➢ As the capacity utilization levels may be minimum, any significant recovery in investment activities is unlikely. Consumption demand will be sluggish as people’s incomes are affected.

7. In accordance with the report on impact of COVID-19 on migration and remittances by World Bank, titled “COVID-19 Crisis: Through a Migration Lens” remittances to India are likely to drop by ________23 per cent.

➢ In 2019, the remittances were increased by 5.5%.
➢ Importantly, India is the world’s biggest recipient of remittances, which bolster the country’s foreign exchange reserves and help fund its current account deficit.
➢ Remittance flows are expected to fall across all regions, mostly in Europe and Central Asia (27.5%), followed by Sub-Saharan Africa (23.1%), South Asia (22.1%), the Middle East and North Africa (19.6%), Latin America and the Caribbean (19.3%), and East Asia and the Pacific (13%).

8. To establish innovation centres Tech Mahindra Limited has entered into the partnership with US based _________IBM

➢ Both the firms have decided to open a 1st such centre in Bengaluru (Karnataka) later in 2020, which showcases transformation solutions built with IBM Cloud Paks, enterprise-ready containerized software solutions running on Red Hat OpenShift.
➢ More such centres will be opened throughout North America and the United Kingdom(UK) sometime in 2020.
➢ The tie-up is in line with Tech Mahindra’s TechMNxt charter, which aims on providing solutions that enable digital transformation and meet the customer’s evolving and dynamic needs.

9. Which institutions has approved Rs 585 cr for Himachal Pradesh State Roads Transformation Project ______World Bank.

➢ Under tranche-I of HPSRTP, Road construction work of Barotiwala-Baddi-Sain-Ramshehar with length of 45 kms, Dadol-Ladraurr Road with length of 14.5 kms, Mandi- Riwalsar-Kalkhar of length 28 kms and RaghunathpuraMandi- Harpura-Bharari road with length of 3.5 kms would be undertaken.
➢ Also, the construction of 4,960-km roads has been fixed under Pradhan Mantri Gram SadakYojna (PMGSY) for FY 2020-21 for which financial allocation of Rs 1,666 crore had been made.

10. Bajaj Allianz General Insurance launched a preventive healthcare platform ‘BAGIC GOQii Co-pay Option’ in partnership with a smart health company ______GOQii.

➢ Objective of the product is to reward the customers with a healthy lifestyle in the form of co-pay deduction in their health insurance policy named Health Ensure policy.
➢ The option is an add-on cover which can be opted by the holders of company’s existing health insurance policy.
➢ If the policyholder agrees for the add-on cover, GOQii will on-board the customer on their app to monitor their engagement level and also send them the health band.

11. Which institutions has launched has launched special liquidity schemes to support MSMEs due to lockdown ______SIDBI.

➢ The schemes will cover all eligible entities with investment-grade ratings irrespective of the entity’s size & the quantum of the loans is 90 days.
➢ Small Industries Development Bank of India (SIDBI) has received Rs 15,000 crore from the Reserve Bank of India (RBI) to provide financial aid to MSMEs.
➢ The central bank provided the capital through a Special Liquidity Facility (SLF).
➢ SIDBI will provide the financing to MSMEs through banks, non-banking finance companies (NBFCs) and microfinance institutions (MFIs).

12. Which becomes the 1st non-bank company to receive Reserve Bank of India(RBI) nod to enter into co-branding arrangements for prepaid Instruments ________Transcorp International Ltd(TIL).
➢ It will launch Application Programming Interface (API) based co-branded partnerships for digital, physical and contactless cards with select marquee clients in its own Bank Identification Number (BINs).
➢ These cards can be used by partners, financial institutions and corporate houses to ease their core business activities & facilitates the accounting department to manage expenses by not having to check every individual bill & eliminates cash as a medium of paying for company expenses

13. The CARE Ratings has projected the gross domestic product (GDP) of India for Fiscal Year (FY) 2020-2021 between__________1.1%-1.2%.

➢ Gross Value Added (GVA) has been estimated to grow at 1.4% for FY21.
➢ Overall growth is expected to be driven only by the government expenditure.
➢ The agency also revised the GDP forecast for FY20 by declining it to 4.7% from 5% with GVA growth expected at 4.6%.

14. Which public sector bank has launched a special borrowing programme for Self Help Groups (SHGs) with better records __________Indian Overseas Bank (IOB).

➢ Under this scheme, a member of SHG will be given a maximum loan of Rs 5,000 & the limit for the group has been fixed at Rs 1 lakh.
➢ This loan will be sanctioned with an interest rate of 9.4 % for 1 year.
➢ It has been disbursed in 6 working days & the benefit can be availed till June 30, 2020.
➢ SHGs with better records and at least twice the loan from IOB will be able to avail this facility.

15. India Ratings and Research (Ind-Ra) has revised India’s gross domestic product (GDP) growth forecasts for the fiscal year 2020-21 (FY 21) to ________1.9 per cent.

➢ The ratings, which is lowest in the last 29 years, based on the assumption that the partial lockdown will continue till mid-May 2020. However, if the lockdown continues even after mid-May, the country will register a negative growth of 2.1% lowest in the last 41 years, and only the sixth instance of contraction since fiscal year 1957-58.
➢ It is noteworthy that in the financial year 1991-92, the pace of economic growth of the country was just 1.1 %.

16. Which entity has called for a global expression of interest (EoI) to buy 10 Hydrogen Fuel Cell (FC) based electric buses & 10 Hydrogen Fuel Cell-based electric cars to operate them in Delhi and Leh _______NTPC Vidyut Vyapar Nigam.

➢ It is a wholly-owned subsidiary of NTPC Limited.
➢ The procurement is the first of its kind project in India to develop a complete solution ranging from green energy to fuel cell vehicles & aims to reduce carbon emissions in the transportation sector.
➢ Other cities for release of FCEVs (fuel cell electric vehicles) at other locations may also be included.

17. Which entity has approved the loan of 1.5 Billion USD to India to support the response actions of the Government of India against the COVID-19 pandemic ______Asian Development Bank.

➢ The President ADB, Masatsugu Asakawa assured that the ADB is committed to support the Government of India’s novel coronavirus response programs and to provide support to the people of India.
➢ The disbursing of the fund is a part of the package of support form the ADB in coordination with the government and the other development partners.

18. To provide better power connection in rural areas the Asian Development Bank (ADB) has approved a loan worth of $346 million for which state _________Maharashtra.

➢ The loan, which is ADB’s first results-based lending (RBL) modality in South Asia’s energy sector, will be sanctioned as part of the Maharashtra Rural Connectivity Improvement Project & Maharashtra Agribusiness Network Project.
➢ It will support the state’s high voltage distribution system (HVDS) program, in which some 46,800km of highvoltage 11 kilovolts (kV) energy distribution systems will be installed and 121 substations of 33/11 kV modernized by the Maharashtra State Electricity Distribution Company Limited (MSEDCL).
➢ Maharashtra Energy Department and MSEDCL will implement this project,


1. Name the former prime minister of Fiji who passed away recently ________Laisenia Qarase.

➢ The founder of the Soqosoqo Duavata Ni Lewenivanua Party & former Fiji Prime Minister (2000-2006) Laisenia Qarase passed away at 79 in Oceania Hospital, Suva due to an illness. He hails from Mavana, Vanuabalavu, Lau.
➢ He was the former Managing Director (MD) of Fiji Development Bank, served on the board of Fijian Holdings Limited, was a former Chairman of Fiji Television Limited, was the MD of Merchant Finance & also served as a senator after being nominated by the Great Council of Chiefs.

2. Renowned personality Eugene Merril Deitch passed away recently he was famous for _______ Animation film Director.

➢ He was one of the directors behind world’s most popular cartoons and directed 13 episodes of Tom and Jerry.
➢ Deitch directed multiple episodes of the ‘Popeye the Sailor’ series and also directed popular animator cartoons such as Munro, Tom Terrific and Nudnik.
➢ Deitch received the “Winsor McCay” Award for his lifetime contribution to animation in 2004. He also won the ‘Academy Award’ for his Best Animated Short Film named “Munro” in 1960.

3. Name the Indian theatre director-actor and activist who passed away recently ________Usha Ganguly.

➢ Usha Ganguly, was an Indian theatre director-actor and activist, most known for her work in Hindi theatre in the 1970s and 1980s, passed away at the age of 75 in Kolkata, West Bengal. She was born in Jodhpur, Rajasthan in 1945.
➢ She founded Rangakarmee theatre group in 1976, known for its productions like Mahabhoj, Rudali, Court Martial and Antaryatra.

4. Famous sportsperson Michael John passed away recently, he was associated with which sports ______Football.

➢ Former Republic of Ireland and Liverpool forward footballer Michael John Robinson passed away at the age of 61 in Marbella, Spain. He was born on July 12, 1958 in Leicester, England.
➢ He appeared in more than 300 official matches in England for five clubs, including Liverpool, and played the last three seasons of his career in Spain with Osasuna (Spanish Football Club).
➢ Robinson received the XIII International Vázquez Montalbán prize for Sports Journalism, awarded by FC Barcelona in December 2017. He was the winner of the 2018 Vazquez Montalban International Journalism Award.

5. Renowned personality Irfan Khan passed away recently, he was a famous _______Actor.

➢ The actor was admitted to Kokilaben Hospital in Mumbai after suffering from colon infection.
➢ He has acted in several remarkable movies like Maqbool, Paan Singh Tomar, The Lunchbox, Haider, Piku, Hindi Medium, Slumdog Millionaire, Jurassic World, The Amazing Spiderman and Life of Pi.
➢ He was honoured with various awards along with Padma Shri which is the fourth highest civilian award of India.

6. Renowned personality Rishi Kapoor passed away recently, he was a famous _______Actor.

➢ Rishi breathed his last at the Sir HN Reliance Foundation Hospital in Mumbai. His wife and actor Neetu Kapoor was by his side.
➢ Born in the first family of Hindi cinema, Rishi Kapoor was the son of the man India call the showman, Raj Kapoor, and grandson of the famous Prithviraj Kapoor. Rishi was the second son of Raj and the sibling of Randhir, Ritu Nanda, Rima Jain and Rajeev Kapoor.

Important Days

1. Which Day is celebrated all across the world on April 21 _______ World Creativity and Innovation Day (WCID).

➢ World Creativity and Innovation Day (WCID) is a global United Nation (UN) day celebrated on April 21.
➢ This day is celebrated to raise awareness around the importance of creativity and innovation in problem solving with respect to advancing the United Nations sustainable development goals.
➢ The day was first created with UN resolution 71/284 with the support of 80 countries and the first WCID was celebrated on April 21, 2018.

2. The National Civil Service Day is celebrated every year on ______21st April.

➢ The Day celebrated to celebrate the civil servants who dedicate their lives to serve the government and the citizens of the nation and to honour them for their services and to encourage them to continue to do their service with commitments and excellence.
➢ This is also to encourage the passion of the Indians to get into civil service.
➢ On April 21, 1947, The Home member of Parliament, Sardar VallabhBhai Patel inaugrated the All India Service and referred the civil servants as the ‘Steel Frame of India’ in his speech addressing the Administrative Services Officers at Metcalf.
➢ On April 21, 2006 the First National Civil Service Day was celebrated at Vigyan Bhawan, New Delhi.

3. Mother Earth Day is celebrated every year on ______22nd April.

➢ The Day is celebrated every year in order to create awareness about pollution and to celebrate the environment of our planet.
➢ This year is a special occasion as it marks the 50th Anniversary of Earth Day and events was coordinated globally by the Earth Day Network in more than 193 countries.
➢ The theme for Earth Day 2020 is “Climate Action”.

4. World Book and Copyright Day is celebrated every year on _______ 23rd April.

➢ This event is organized by the United Nations Educational, Scientific and Cultural Organisation (UNESCO) and the day aims to promote reading, publishing and copyright.
➢ Each year, UNESCO and the international organisations representing the 3 major sectors of the book industrypublishers, book sellers and libraries, select the World Book Capital for a period of one year from April 23.
➢ World Book Capital 2020: Kuala Lumpur, Malaysia.

5. Every year the United Nation Celebrates the UN English Language Day and UN Spanish Language Day on ______23rd April.

➢ The UN English Language Day is celebrated on the 23rd April every year which is traditionally observed as the birth and death anniversary of William Shakespeare.
➢ The celebration of English language day is aimed to educate the people on the history, culture and the achievements associated with the language and to encourage the books, poetry and the literature exchange like activities to promote the language.

6. The World Day of Laboratory Animals has been observed annually on ______ 24th April.

➢ This World Day for Animals in Laboratories was established by the People for the Ethical Treatment of Animals (PETA) to educate the public and Governments about the animal tests and the alternatives for the past 40 years.
➢ The National Anti-Vivisection Society (NAVS) is the first organisation in the world to campaign against Vivisection, the act of operating on animals for experimental purposes.
➢ The society was formed in Victoria Street, London under the name of Victoria Street Society.

7. National Panchayati Raj Day (NPRD) is observed annually on _______24th April.

➢ The day is organized by the Ministry of Panchayati Raj to mark a defining moment in the history of decentralization of political power at the rural level.
➢ On this day PM Narendra Modi launched the e-Gram Swaraj Portal and mobile app and the Swamitva scheme.
➢ The Unified Portal is a new initiative of the Ministry of Panchayati Raj which will provide the Gram Panchayats with a single interface to prepare and implement their Gram Panchayat Development Plan (GPDP).

8. Every year 25th April is celebrated as ______ World Malaria Day.

➢ 25th April 2020 is observed as World Malaria Day to recognise the global efforts made to control malaria and to commemorate the Africa Malaria Day.
➢ It is one of the eight official global public health campaigns recognised by the World Health Organisation(WHO).
➢ The theme of World Malaria Day 2020 is “Zero Malaria Starts with Me”

9. World Intellectual Property Day established by the World Intellectual Property Organization (WIPO), is celebrated every year on _________26th April.

➢ The Day is celebrated to educate and learn about the role that Intellectual Property (IP) rights that support and encourage innovation and creativity in creating a green future.
➢ The day coincides with the date on which the convention establishing the WIPO entered into force in 1970.
➢ The theme of this year is “Innovate for a Green Future”

10. International Chernobyl Disaster Remembrance Day is observed every year on ________ 26th April.

➢ The day remembers the explosion at the No.4 reactor in the Chernobyl Nuclear Power Plant near the city of Pripyat in the north of Soviet Ukraine, in 1986 which spread a radioactive cloud over large parts of the Soviet Union Federation.
➢ This year marks the 34th anniversary of the Chernobyl disaster.
➢ On December 8, 2016, the United Nations (UN) General Assembly adopted a resolution designating April 26 as International Chernobyl Disaster Remembrance Day.

11. 25th April of every year is celebrated as _________World Penguin Day.

➢ The Day is celebrated to create awareness about the threat to the existence of these flightless birds.
➢ The Antarctic and Southern Ocean Coalition (ASOC), a non governmental organisation mentions that this day coincides with the annual northern migration of Adelie penguins of Antarctica.
➢ The day is celebrated by individuals and organisations by sharing the facts about the penguins and images and videos of penguins on social media.

12. The World Day for Safety and Health at Work (WDSHW) is observed every year on _______28th April.

➢ The day is observed by the ILO to raise awareness on the adoption of safe practices in workplaces, focusing on the COVID-19 pandemic.
➢ April 28 is also the International Commemoration Day for Dead and Injured Workers organized worldwide by the trade union movement since 1996.
➢ Theme of the Day for the year 2020 is Stop the pandemic: Safety and health at work can save lives.

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