Search your Topic HERE....

May 22, 2020

22nd May 2020 Daily Current Affairs

Leave a Comment

sponsored links

Dear Great Ambitionists, here are today's (22nd May 2020) Important Current Affairs updates. Check complete Daily Current Affairs of the year 2020 from HERE. Happy Reading :)

Daily Current Affairs of 22nd May 2020

International Current Affairs
  • Today (22nd May) is International Day for Biological Diversity.
    • The United Nations has proclaimed May 22 The International Day for Biological Diversity (IDB) to increase understanding and awareness of biodiversity issues.
    • Theme of International Day for Biological Diversity 2020 : "Our Solutions Are In Nature"
  • The White House said that China is engaged in provocative and coercive military and paramilitary activities with neighbouring countries including India
    • "Beijing's actions belie Chinese leaders' proclamations that they...are committed to resolving disputes through peaceful dialogue," it added in its report. 
    • Note : Earlier, a top US diplomat backed India's move to strongly resist Chinese aggression.
National Current Affairs
  • As many as 6,088 coronavirus cases were confirmed in India in the last 24 hours, marking the biggest one-day jump so far and taking the total number of cases to 1,18,447
    • Meanwhile, 148 deaths have been recorded in the last 24 hours, taking the death toll to 3,583. Out of the total cases, 66,330 cases are active.
Banking, Business & Economic Affairs
  • RBI's Monetary Policy Committee has cut the repo rate by 40 basis points to 4%, Governor Shaktikanta Das announced today. Highlights :
    • Repo rate cut by 40 basis points
    • Reverse Repo gets adjusted to 3.35 percent.
    • Loan moratorium extended for 3 months
    • India GDP growth in 2020-21 is estimated to remain in negative territory.
  • The RBI has extended a ₹15,000-crore line of credit to the Export-Import Bank of India (EXIM Bank) for a period of 90 days to help meet its foreign exchange requirements amid the coronavirus pandemic. 
    • The line of credit has a rollover of up to one year to enable the EXIM Bank to avail a US dollar swap facility.
  • New Zealand may distribute free cash directly to individuals as a way of policy stimulus to help boost the economy reeling from a COVID-19 pandemic driven contraction, Finance Minister Grant Robertson announced today. 
  • China will not set an economic growth target for the current year due to the "great uncertainty" caused by coronavirus pandemic, Premier Li Keqiang announced. 
    • It's the first time that Beijing hasn't set a gross domestic product (GDP) target since 1990 when records began. 
    • Note : The world's second-largest economy shrank by 6.8% in the first quarter, the first contraction since 1976.
  • After Twitter, Canadian e-commerce website Shopify has also announced that it will allow its employees to work from home permanently
  • India Post has resumed booking for international speed post to 15 countries and international tracked packet services to already available destinations amid COVID-19 pandemic.
  • India and Bangladesh have added 5 new ports of call on either sides and increased protocol routes from 8 to 10 to boost trade. 
    • The two countries signed the Second Addendum to Protocol on Transit and Trade through inland waterways in Dhaka yesterday. 
    • The Sonamura (Tripura)-Daudkandi (Bangladesh) stretch of Gumti river was included as route number 9 and 10.
  • Ministry of Textiles today announced that India has become world's second-largest manufacturer of personal protective equipment body coveralls, next only to China, within two months. 
  • Franklin Templeton Trustee Services has appointed Kotak Mahindra Bank as an adviser to assist the mutual fund in monetising portfolios of six debt schemes that were shuttered in April.
New Appointments
  • Health Minister Dr Harsh Vardhan today took charge as the Chairman of the World Health Organization (WHO) Executive Board
    • He has replaced Dr Hiroki Nakatani of Japan, who formerly headed the 34-member WHO Executive Board. 
    • Note : Earlier this week, India was elected to the WHO Executive Board along with nine other nations.
  • The Vodafone Group has named Heineken CEO Jean-Francois Van Boxmeer as its new chairman. 
    • He will take over from November 2020 and will replace Gerard Kleisterlee.
      sponsored links

      0 Responses:

      Post a Comment

      Related Posts Plugin for WordPress, Blogger...