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May 21, 2020

21st May 2020 Daily Current Affairs

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Dear Great Ambitionists, here are today's (21st May 2020) Important Current Affairs updates. Check complete Daily Current Affairs of the year 2020 from HERE. Happy Reading :)

Daily Current Affairs of 21st May 2020

International Current Affairs
  • Today (21st May) is World Day for Cultural Diversity for Dialogue and Development.
    • This day is a United Nations–sanctioned international holiday to help people learn about the importance of cultural diversity and harmony.
  • The positive coronavirus cases have crossed 5 million globally, while the number of deaths due to it has exceeded 3,28,100.
    • At least 188 countries/regions have reported cases and over 18,99,300 patients have recovered globally.
    • The US has recorded the most number of coronavirus cases, followed by Russia and Brazil.
  • The Chinese city of Wuhan, where coronavirus was first detected, has imposed a ban on wildlife trade and consumption for 5 years. 
    • Hunting wild animals without a valid reason, such as scientific research, has also been prohibited. 
  • Cambridge University has become the 1st British university to cancel all face-to-face lectures until summer 2021 due to 'rigid social distancing'.  
    • Lectures will be live-streamed and will also be recorded and uploaded for students to view in their own time.
National Current Affairs
  • Anti-Terrorism Day being observed across India today (21st May 2020).
    • Former Prime Minister of India, Rajiv Gandhi, was assassinated by a female suicide bomber on this day (21st May) 1991, while conducting an election campaign in Sriperumbudur in Tamil Nadu. 
    • The bomb attack was carried out by Thenmozhi Rajaratnam, also known as Dhanu, who was reportedly a member of the Sri Lankan militant organisation Liberation Tigers of Tamil Eelam (LTTE).
  • Health and Family Welfare Ministry today announced that a total 45,300 people affected with corona virus have cured and the recovery rate reached to 40.31 per cent in the country. 
    • During the last twenty four hours, 3,002 people have recovered and 5,609 fresh cases of Covid-19 have been reported taking the total number of cases to 1,12,359
    • A total 132 deaths have been registered in last 24 hours taking the nationwide toll to three thousand 435.  
    • Note : At present, mortality rate in India is 3.06 percent, which is much lower in comparison to the global mortality rate of 6.65 per cent.
Banking, Business & Economic Affairs
  • Senior US diplomat Alice Wells today said India will have to reduce tariffs and adopt more welcoming policies to build trusted supply chain relationships in the post-coronavirus world. 
    • Companies want to diversify their supply chains post-Covid-19, this really represents "a golden opportunity for India", Wells said. 
  • Canada's inflation turned negative and dropped 0.2% in April for the first time since the 2009 recession amid the coronavirus pandemic.
    • The fall comes amid a record 39.3% drop in gasoline prices and a 23.7% drop in energy prices. 
    • Note : Canada's annual inflation was last recorded negative when prices fell by 0.9% in September 2009.
  • In a major development, Kotak Mahindra Bank (Kotak) has announced the introduction of Video KYC to open a full-fledged Kotak 811 savings account – a first in Indian banking
    • This initiative, presently being launched on a pilot basis for savings accounts, is in line with Kotak’s digital-first strategy and is a start-to-end fully integrated, zero-contact, completely digital and paperless account opening + Full KYC journey. 
  • US Senate has passed a bill to delist Chinese companies from American stock exchanges.
    • The senate has unanimously approved the bill brought by Republican Senator John Kennedy and Democrat Senator, Chris Van Hollen.
    • The legislation requires companies to certify that they are not owned or controlled by a foreign government.
New Appointments
  • The World Bank has named former Bear Stearns executive Carmen Reinhart as its Chief Economist.
    • She is a professor at Harvard University and previously worked with IMF. 
  • J&K Government has appointed B R Sharma, former IAS Officer, as Chairman Public Service Commission for the UT of J&K.
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