Weekly Current Affairs (22nd to 31st March 2020) Part - 1 Notes | EduRev

Weekly Current Affairs

Current Affairs : Weekly Current Affairs (22nd to 31st March 2020) Part - 1 Notes | EduRev

The document Weekly Current Affairs (22nd to 31st March 2020) Part - 1 Notes | EduRev is a part of the Current Affairs Course Weekly Current Affairs.
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Banking & Financial Awareness

1. Which health insurance company has launched ‘Star Novel Coronavirus Insurance Policy’ that provides coverage for hospitalized patients who test positive for the current pandemic COVID-19 ________ Star Health and Allied Insurance Co Ltd.

➢ The company has set a premium of Rs 459 plus GST (Goods and Services Tax) for a sum insured of Rs. 21,000 and a premium of Rs 918 plus GST for a sum insured of Rs 42,000.
➢ Anyone aged 18-65 years can avail this policy online at www.starhealth.in or through the company’s network of insurance agents.
➢ However, this coverage does not apply to those who have traveled overseas.

2. Due to the coronavirus pandemic Crisil downgraded India’s GDP for FY 2021 to ______ 5.2%.

➢ As per Crisil, if the COVID 19 if not tackled by April-June 2020 globally then it may lead to a severe slowdown.
➢ CRISIL says that it is spreading rapidly in India causing adverse effects on domestic consumption, investment, and production and slowing the financial markets.

3. Which bank has launched India’s 1st prepaid wallet card ‘Enkasu’ _______Karur Vysya Bank (KVB).

➢ In a bid to promote digital India initiative of the central Government, Karur Vysya Bank (KVB), a Scheduled Commercial Bank in India, has launched India’s 1st prepaid wallet card ‘Enkasu’.
➢ The card functions based on Near Field Communication Technology (NFC) in a semi closed loop & the customers buying this card can make ‘tap & go’ payments for even small purchases to merchants from an amount of Rs. 1 to doing away with the need for cash & small change.
➢ These cards are special in a sense that it can be accepted ‘online’ & ‘offline’ as well.

4. The Reserve Bank of India has extended the 6-month regulatory restrictions on _______ PMC Bank.

➢ Now, the restriction is extended for three more months i.e. from March 23, 2020 to June 22, 2020 to work out a revival scheme.
➢ The restriction has been imposed under Section 35A of the Banking Regulation Act, 1949 on withdrawal and lending.
➢ RBI also superseded the board and the management of PMCbank and appointed an ex-RBI official JB Bhoria as the administrator at the bank.

5. Which bank becomes the first bank to launch COVID 19 emergency credit line (CECL) to provide funds to businesses affected by the infectious coronavirus ______State Bank of India.

➢ Under this emergency credit line, loan will be given at a fixed interest rate of 7.25 % for a period of 12 months. Maximum loan amount of up to Rs 200 crore or 10 % of the existing fund-based working capital limits (FBWC) will be provided and such facility will be available by 30 June 2020.

6. What amount RBI has injected through open market operations (OMOs) in the economy _______30,000 crores.

➢ The RBI will purchase government securities under OMOs in two tranches of Rs 15,000 crore each. OMO is the sale and purchase of government securities and treasury bills by the central bank of the country.
➢ Already, RBI infused Rs 10,000 crore through open market operations, last week.
➢ RBI will purchase securities with a coupon rate of 6.84 per cent (maturity December 19, 2022); 7.72 per cent (May 25, 2025); 8.33 per cent (July 9, 2026) and 7.26 per cent (January 14, 2029).

7. Which oil company becomes the first company to begin the supply of BS-VI fuel across country ______Indian Oil Corporation (IOC).

➢ All 28,000 petrol stations of IOC’s across the country are dispensing BS-VI (Bharat Stage- VI) ultra-low sulphur grade fuel in order to reduce the pollution from vehicles in the air.
➢ Key Points:
➢ India has switched to the cleanest fuel as other fuel retailers such as Bharat Petroleum Corporation Limited(BPCL) and Hindustan Petroleum Corporation Limited (HPCL) are also supplying BS-VI grade fuel.
➢ The Government of India had set April 1, 2020 as the deadline for starting supply of Euro- VI (equivalent to BS-VI grade) fuels in all petrol stations.

8. For Yes Bank the Reserve Bank of India has an emergency line of credit of ________ Rs. 59,000 crores.

➢ After the Reserve Bank of India’s (RBI) reconstruction plan for Yes Bank, the latter has resumed its standard operations from last week. Now, to keep the liquidity of the bank for paying back to its depositors stable, RBI has opened an emergency line of credit of Rs 59,000 crore.
➢ This liquidity support to Yes Bank is an additional liquidity arsenal provided under Section 17 (4) of the RBI Act, 1934 as the bank has no solvency problem or any other issue except liquidity.

9. For building rural infrastructure in the FY 2019-20 the National Bank for Agriculture and Rural Development (NABARD) provides financial support of _______ Rs. 42,313 crores.

➢ In this FY, NABARD has provided Rs 20,869 crore for irrigation related projects, in addition to Rs 5,686 crore for rural connectivity.
➢ Apart from this it has released Rs 10,935 crore for Pradhan Mantri Aawas Yojana Gramin (PMAYG) to provide “housing for all by 2022” & for Swachh Bharat Mission to provide clean water and sanitation facilities.

10. Global Ratings agency, Standard & Poor’s (S&P) has slashed India’s economic growth forecast to ______5.2 %.

➢ The agency has estimated a permanent loss of about $ 620 billion in the Asia Pacific region due to Covid- 19 pandemic.
➢ It has also reduced the growth forecast for 2021-22 to 6.9% from 7%.At the same time GDP growth could remain at 7% percent in the financial year 2022-23 and 2023-24.
➢ The agency believes that in the next financial year, the average inflation rate will come down to 4.4 % from 4.7 % in 2020.

11. Which small finance bank in partnership with National Payment Corporation of India (NPCI), has launched a UPI QR-based loan installment payment facility __________ Jana Small Finance Bank (SFB).
➢ Now the bank’s customers can generate UPI QR code for their loan account and make instalment payments instantly using any of the UPI applications.
➢ The UPI QR-based payment mode is available for person to person (P2P) and person to merchant (P2M) payments.

12. Which agency has launched “The Invest India Business Immunity Platform” in order to minimise the impacts & crisis in business due to COVID-19 (Coronavirus) ________ National Investment Promotion & Facilitation Agency.

➢ The platform was hosted on the Invest India website, providing the latest initiative of the State and Central Governments.
➢ The Business Immunity Platform (BIP) is the active platform for business issue redressal which operates 24/7, with a team of dedicated sector experts & responds to queries at the earliest through emails and on WhatsApp.

13. Which bank has launched five special emergency loans for large corporates, medium enterprises, MSMEs, salaried and pensioners ______Indian Bank.

➢ This is as a support to its customers effecting through economic slump and lockdown because of COVID-19 pandemic.
➢ Earlier, State Bank of India (SBI), Union Bank of India (UBI), Bank of India (BOI) initiated schemes to provide liquidity relief to borrowers.

14. As per the Seventh Bi-monthly Monetary Policy Statement what is the current repo rate _______4.40 percent.

➢ Reserve Bank of India (RBI) has released the Seventh Bi-monthly Monetary Policy Statement, 2019-20 Resolution of the Monetary Policy Committee (MPC).
➢ RBI under which MPC has decided rate changes with immediate effect due to the current and evolving macroeconomic situation impacted by COVID-19.

15. CRISIL has reduced India’s GDP growth to _______ 3.5%.

➢ CRISIL has reduced India’s GDP (Gross Domestic Product) growth by 170 bps (basis points) to 3.5% for fiscal year-FY 2020-21 from 5.2 % estimated earlier.
➢ It revised downwards its projection due to the damaging impact of the coronavirus (COVID-19) outbreak .

16. Moody’s Global Macro Outlook 2020-21 again slashed India’s Gross Domestic Product (GDP) to _______2.5%.
➢ It revised its estimate of India’s GDP to 5.3% from 5.4% in February 2020 & also stated that the growth of the country can slow down to 5% in the absence of virus in the country.
➢ Moody’s anticipate the global economy to shrink 0.5% of real GDP by 2020, then rise to 3.2% by 2021.
➢ China’s growth forecast is again lowered to 3.3% in 2020 from 4.8%.

17. Which financial institutions will invest 100 million US Dollars in India’s infrastructure sector through the governmentpromoted National Investment and Infrastructure Fund (NIIF) ______Asian Development Bank.

➢ With this, the National Investment and Infrastructure Fund has now received a total of $700 million in commitments.
➢ The investment comes at a time when India’s economy is expected to suffer huge losses due to the coronavirus (COVID-19) epidemic.
➢ This will help in increasing the capital of domestic private equity funds in India. It will also contribute a great deal in providing long term growth financing for private sector companies, social infrastructure development and economic development.

18. The mega bank consolidation plan is all set to come into force from _______April 1, 2020.

➢ The branches of merging banks will operate as of the banks in which these have been amalgamated.
➢ Also, the customers of merging banks will be treated as customers of the banks in which these banks have been merged with effect from April 1, 2020.
➢ The government on March 4 had notified the amalgamation schemes for 10 state-owned banks into four as part of its consolidation plan to create bigger size stronger banks in the public sector.

19. Which bank has launched a new logo before the mega merger of the bank with the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC) _______Punjab National Bank.

➢ The new logo will have signages of all the 3 banks.
➢ With the merger, PNB will be the 2nd largest bank in the country with a total business and size of Rs 17.94 lakh crore.
➢ Currently, State Bank of India (SBI) is the largest bank in the country, whose total business is about 52 lakh crore rupees.

20. Fitch Ratings Inc has lowered India’s GDP (Gross Domestic Product) growth forecast to _______ 4.6%.

➢ It cuts the rate due to weak domestic demand and private consumption, which put pressure on the investment amid the coronavirus (COVID-19) outbreak.
➢ Earlier on March 2, 2020, Fitch has lowered India’s GDP growth forecast to 4.9% for the fiscal year –FY20 (2019- 2020) ending March 31, 2020 from 5.1% due to coronavirus and supply disruptions.


1. Meenakshisundaram Ramasamy Viswanathan, popularly known as Visu passed away recently, he was a veteran _______Actor.
➢ Famous actor, director and stage artiste Meenakshisundaram Ramasamy Viswanathan, popularly known as Visu passed away at the age of 75 in Chennai, Tamil Nadu (TN).
➢ He was a writer for films such as Pattina Pravesam & Thillu Mullu, he also began acting, directing and had also assisted director K. Balachander on a few films.

2. Kenneth Ray Rogers passed away recently, he was a veteran _______Actor.

➢ He was inducted to the Country Music Hall of Fame in 2013, for his “distinctive & husky voice”.
➢ Kenneth Rogers was a six-times Country Music Awards (CMA) winner and 3 times Grammy award winner.
➢ He is well-known for his hits like ‘Lady’, ‘The Gambler’, ‘Islands in the Stream’, ‘Lucile’, ‘She Believes in Me’ and ‘Through the years’ and has 24 number-one hits, throughout his career.

3. Name the French comic book artist, scriptwriter, the co-creator and illustrator of the “Asterix and Obelix” who passed away recently _________ Alberto Aleandro Uderzo.

➢ Albert Uderzo created Asterix in 1959 with the fellow Frenchman and writer Rene Goscinny, who gave life to the French-Belgian comics magazine Pilote.
➢ Both Alberto and Rene Goscinny were considered as founding fathers of modern comics.

4. Name the former India football player and 1970 Asian games bronze medallist passed away recently _______Abdul Latif.

➢ He also represented India in Asia Cup Qualifier in 1968 in Myanmar and Merdeka Cup in 1969 in Kuala Lumpur.
➢ He was born on June 20 of 1947 in Mysore, Karnataka.He played as a midfielder and also played for the two famous Kolkata clubs Mohammedan Sporting Club and Mohun Bagan.
➢ He was the coach of the Assam team which won the junior & sub-junior national titles under his guidance.

5. Nawab Banoo alias Nimmi passed away recently was a famous _______ Bollywood actress.

➢ She was also known as Nimmi, who was popular in the early 1950s & 1960s of Hindi films. She was born on February 18, 1933 in Agra, Uttar Pradesh (UP).
➢ She made her debut with legendary actor- director, Raj Kapoor’s “Barsaat” in 1949, who had given her the screen name of Nimmi and her last screen appearance was in Love and God (1986).

6. Nemai Ghosh passed away recently, was a veteran _______Photographer.
➢ He is known for working with director Satyajit Ray as a still photographer who captured the director, framing actors over 2 decades.
➢ He debuted with “Goopy Gyne Bagha Byne” (1969) and was with Satyajit Ray till his last film “Agantuk” (1991).

7. Rajyogini Dadi Janki passed away recently, she was chief of which spiritual organization ________ Brahmakumaris Sansthan.

8. Former Union Minister, Beni Prasad Verma passed away recently, was the founding member of which political party _________ Samajwadi Party.

➢ He was considered close to party patriarch Mulayam Singh Yadav.
➢ Verma served as the telecom minister between 1996-1998 in then Prime Minister (PM) H D Deva Gowda’s Cabinet and was the steel minister Congress- led UPA (United Progressive Alliance) government.

9. Paravai Muniyamma who passed away recently, was a famous ______ Tamil Folk Singer.

➢ She was born on June 26, 1937, in Paravai, Madurai, Tamil Nadu (TN). The acting career of Muniyamma began in the year 2003 in the film Dhool.
➢ Her song “Madurai Veeran” became a huge hit. She had appeared in over 50 films, usually playing grandmother roles. In March 2019, Muniyamma was honoured with the Kalaimamani title by the Tamil Nadu government.

Important Days

1. The World Poetry Day is observed every year on ________21st March.

➢ United Nations Educational Scientific and Cultural Organization (UNESCO) observes World Poetry Day to encourage people to read, write, teach, publish poetry & also to recognize poetry’s unique ability which captures the creative spirit of the human mind.
➢ It aims to support linguistic diversity by poetic expression & increase the chance for endangered languages to be heard

2. The International Day for the Elimination of Racial Discrimination is observed annually on _______21st March.

➢ The day remembers the Sharpeville massacre on 21st March 1960, which involved killing of 69 people by police, at a peaceful demonstration against the Apartheid regime (a regime which embraced racial discrimination) in Sharpeville, South Africa.
➢ The UN (United Nations) General Assembly proclaimed the day as a UN Day of observance in 1966.

3. The International Day of Forests (IDF) is observed annually on _______ 21st March.

➢ This day is celebrated to raise awareness of the importance of all types of forests and of trees outside forests.
➢ The theme of the day this year is “Forests and Biodiversity”.

4. The World Down Syndrome Day (WDSD) is observed annually on _______ 21st March.
➢ The day has been observed based on the theme ‘We Decide’ by the UN.
➢ The day aims to raise awareness and provide support to the patients suffering from Down syndrome, a congenital disorder caused by having an extra 21st chromosome.
➢ The theme for this year has been inspired by the United Nations Convention on the Rights of Persons with Disabilities (CRPD) that supports better participation as a core human right.

5. The World Puppetry Day is observed annually on _______ 21st March.

➢ The day was celebrated with the aim to raise interest and encourage the kids and youngsters towards the comicart-entertainment form.
➢ The idea of celebrating this day came in the mind of its founder, Iran’s puppet theater Artist Javad Zolfaghari.
➢ He conceived the idea at the 18th Union Internationale de la Marionnette (UNIMA) conference in Magdeburg, Germany in 2000.

6. The International Day of Nowruz was celebrated on _______ 21st March.

➢ The word Nowruz (new day) is the name of the Iranian new year or Persian new year which is celebrated worldwide by various ethnolinguistic groups.
➢ The UN (United Nations) general assembly recognized March 21 as International Day of Nowruz in 2010.

7. The World Water Day is observed globally every year on ______ March 22.

➢ The day is observe to highlight the importance of freshwater.
➢ Theme of the year 2020: “Water and Climate Change”.

8. The World Meteorological Day (WMD 2020) is observed every year on _______ 23rd March.

➢ The was first organized by the World Meteorological Organization (WMO) in the year 1950.
➢ The theme of WMD 2020 is “Climate and Water”.
➢ It is celebrated globally to showcase the efforts of National Meteorological and Hydrological Services to the safety and wellbeing of society.

9. The World Tuberculosis Day is observed globally on ______ March 24

➢ The day is observed to raise awareness of Tuberculosis (TB) disease and the efforts made to eliminate the disease.
➢ The date marks the day in 1882 when Dr Robert Koch announced that he had discovered the bacterium that causes TB.
➢ World TB Day is one of the 8 official global health campaigns marked by the World Health Organization (WHO).

10. The International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade is observed on _______ 25th March.

➢ The 2020 Theme of the day is “Confronting Slavery’s Legacy of Racism Together”
➢ The day aims to create awareness of the dangers of racism and prejudice today.
➢ The United Nations General Assembly designated March 25 as the day on December 17, 2007

11. World Theatre Day (WTD) is celebrated every year on ______27th March.

➢ The day promotes the values of arts and its forms across the world. The day was initiated by ITI in 1961.
➢ Every year, various national and international events are organized on this day and ITI selects an outstanding theatre personality to write the message for World Theatre Day.
➢ The messages given by renowned theatre artists focus on the theme of “Theatre and a Culture of Peace”.

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Weekly Current Affairs (22nd to 31st March 2020) Part - 1 Notes | EduRev




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