Current Affairs May 2020 - CSEET

1. India 53rd in budget transparency, accountability in IBP survey (Top- New Zealand)

2. AIIA organises “AYURAKSHA” programme was organized for Delhi Police

3. Ramayan On Doordarshan Creates World Record As The Highest Viewed Entertainment Program Globally

4. Kashmiri Saffron Gets GI Tag

5. Ravi Shankar Prasad attended an extraordinary virtual ‘G20 Digital Economy Ministers’ meet

6. HP govt to launch ‘Mukhya Mantri Shahari Rojgar Guarantee Yojna ‘ for urban employment

7. India for the 1st time has more internet users in rural areas than urban: IAMAI report

8. Indian-origin girl Vaneeza names NASA’s 1st Mars helicopter as ‘Ingenuity’

9. US President Trump nominates Indian-American lawyer Ashok Michael Pinto as US representative for IBRD

10. Mustafa Al Kadhimi chosen as Iraq’s new Prime Minister

11. Iran’s parliament introduces new currency, Toman, to tackle inflation

12. Govt task force projects Rs 111 lakh cr infrastructure investment over five years to FY2025: Finance ministry

13. Manulife picks 49% stake in Mahindra AMC for Rs 265 crore • RBI cancels licence of Mumbai-based CKP Cooperative Bank

14. CCI approves BP Global’s proposed 49% acquisition of Reliance BP Mobility Limited

15. CCI approves proposed acquisition of 100% shares and control of Tech Data Corporation by Tiger Midco LLC

16. World Bank supports USD 400 million to improve coastal resources in India

17. Finance Ministry internally projects FY21 GDP growth at 2-3%

18. Icra expects India’s GDP 2% fall in FY21

19. US-based Silver Lake buys 1.15% stake in Jio Platforms for Rs 5,656 cr

20. Polycab India buys 50% stake in Ryker from Trafigura

21. DBS Bank slashes India’s FY21 GDP forecast to 1%

22. Nomura predicts Indian GDP for FY21 at -5.2%

23. Moody’s pegs FY21 GDP growth at 0%

24. Government of India & AIIB sign agreement for $500 million COVID-19 support for India

25. Ramesh Babu appointed as NTPC director operations

26. Giridhar Aramane assumed charge as Secretary, Ministry of Road Transport and Highways

27. Yes Bank appointed Neeraj Dhawan as its Chief Risk Officer

28. Lt Gen Raj Shukla assumes charge of ARTRAC

29. The Ministry of Corporate Affairs (MCA) has constituted a seven-member committee to examine the comments received on the consultation paper floated by it for enhancing audit independence and accountability in the country.

30. Max Bupa appoints Krishnan Ramachandran as MD & CEO

31. IIT Bombay professor wins Young Career Award by the government for his work in nano science

32. Number of Tigers in the Sundarbans Rises From 88 to 96

33. IIM-Bangalore only Indian institute in top 50 of FT Executive Education Ranking

34. SC orders setting up of high-powered committee to consider restoration of 4G internet services in J&K

35. IIT-Guwahati organized Poster Making Competition under Ek Bharat Shreshtha Bharat Campaign

36. Jaishankar participates in virtual SCO Foreign Ministers meet on COVID-19

37. Nabard disburses ₹12,767 cr to State Co-op Banks, RRBs

38. Vista Equity Partners picks 2.32% stake in Jio Platforms for Rs 11,367 cr

39. Goldman Sachs slashes India’s GDP growth forecast for 2020-21 to -0.4%

40. Carlyle to buy 74% stake in SeQuent for Rs 1,587 crore

41. India Raises FY21 Gross Borrowing Target To Rs 12 Lakh Crore

42. Centre releases Rs 6,195 crore to 14 states as additional resources to fight virus’ impact

43. BRICS’ New Development Bank provides USD 1 billion loan to India to fight COVID-19

44. India to grow at 1.2% in CY20, global GDP to shrink by 3.2%, says UN

45. Federal Bank, MoneyGram tie up for direct-to-bank account credit service

46. World Bank approves $1 billion loan to support India’s fight against COVID-19

47. Wipro CEO Abidali Neemuchwala to step down

48. Patanjali’s digital platform OrderMe starts with 10K daily transaction

49. Maruti Suzuki ties-up with Cholamandalam Investment & Finance to launch ‘Buy Now Pay Later’ offer

50. RITES signs pact to acquire 24% stake in Indian Railway Station Development

51. PFC signs MoU with NBPCL to fund projects worth ₹ 22,000 crore for 225 MW hydro-electric projects in MP

52. Infosys partners with a Switzerland-based wealth management software provider

53. India’s GDP growth seen at (-) 6.8% for FY21: SBI report

54. Fintech startup Zaggle joins hands with Visa to launch payment solutions for SMEs

55. India’s GDP to contract by 5% in FY21: Crisil

56. Fitch projects Indian economy to contract 5% this fiscal

57. ADB, India sign $177 million loan for state road improvements in Maharashtra

58. Sebi imposes a penalty of Rs 7 lacs on NHAI for disclosure lapses

59. S&P projects Indian economy to contract 5% in FY21

60. Ola Electric acquires Etergo, to launch electric two wheeler in 2021

61. ITC to acquire 100% equity share capital of Sunrise Foods

62. Flipkart, Karnataka Mango Board tie up to help farmers sell online

63. FDI in India jumps 13% to record USD 49.98 bn in 2019-20

64. Facebook launches Collab, app that lets you make short music videos like TIKTOK

65. Microsoft investing $2 billion in Reliance Jio for a 2.5% stake.

66. Vakrangee ties up with LIC for micro insurance products

67. Fiscal deficit widens to 4.6% of GDP in 2019-20

68. RBI slaps penalties on Bank of India (5cr), Karnataka Bank (1.2cr), Saraswat Cooperative Bank for non-compliance (30lacs)

69. NABARD sanctions Rs 1,050 crore credit support to West Bengal

70. India’s GDP growth slows to 11-year low of 4.2 per cent in 2019- 20: National statistical office

71. Abhas Jha has been appointed by the World Bank to a key position on climate change and disaster management in South Asia

72. Brazil’s Marcos Troyjo is NDB’s new President, India’s Anil Kishora is VP