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Important Current Affairs 23rd April 2020

National

Violence against healthcare workers will lead to 7 years of jail term

• An ordinance proposing new amendments to the Epidemic Disease Act, 1987 has been approved by the Union Cabinet on April 22, 2020. The amendment ensures the safety of healthcare workers and to end violence against them.

•  It includes the imprisonment of guilty from 6 months to 7 years. The Union Minister Prakash Javadekar shared the news while briefing the media after a cabinet meeting.

International

TCS to power Israel’s first fully digital bank

• Tata Consultancy Services (TCS) will launch Israel’s first fully digital bank. TCS is India’s largest software services firm. The digital bank has not been named yet and will be launched in 2021.

• TCS has been selected by Israel’s Ministry of Finance to transform its banking sector. The digital banking operations platform will be powered by the TCS BaNCS Global Banking Platform.

Banking and Economy

RBI increases deployment time limit under TLTRO 2.0 to 45 days from 30 days

• RBI has extended the time available for banks for deployment of funds under the TLTRO 2.0 scheme from 30 working days to 45 working days from the date of the operation.

• Under TLTRO 2.0 the banks which have borrowed the funds are required to deploy this fund in specific sectors as advised by RBI. The time limit for this deployment of the fund is now 45 days from the date of borrowing.

Appointments and Resignations

Bajaj Auto’s Rakesh Sharma becomes new President of IMMA

• Rakesh Sharma, the Executive Director (ED) at Bajaj Auto, has been appointed as the new President of International Motorcycle Manufacturers Association (IMMA) on 22 April 2020.

• Sharma succeeds Johannes Loman and will hold the office of IMMA President for two years

• He had been holding office as vice-president in IMMA, since May 2019.

Ranking

India ranks 142 in World Press Freedom Index 2020

• World Press Freedom Index has ranked India 142 out of 180. Reporters without borders released the report on April 21. The analysis by the nonprofit organisation acknowledged no reported murders of journalists in India in 2019 which shows the improvement in the security system in India.

•  Reporters without borders is a non-profit organisation that works to promote independent, free, and pluralistic journalism.

Days

World Book and Copyright Day

• World Book and Copyright Day is observed globally on 23 April every year. The purpose of this day to pay tribute to all those writers and authors who have respectable contributed to the social and cultural progress of humanity.

• World Book Capital for 2020: Kuala Lumpur, Malaysia.The slogan for 2020- “KL Baca – caring through reading”.

UN English Language Day

• The UN English Language Day is observed annually on 23 April. It is one of the six official languages used by the United Nations throughout the Organization.

• Each language has been assigned a day of celebration by UN’s Department of Public Information in 2010 to celebrate multilingualism and cultural diversity as well as to promote equal use of all six official languages throughout the Organization.

• For English, 23 April has been chosen to mark both the birthday and date of death of William Shakespeare.

UN Spanish Language Day

UN Spanish Language Day is observed annually on 23 April. For Spanish Language, the Day was chosen because the day is also observed as Hispanic Day in Spain, meaning the Spanish speaking world.

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Important Current Affairs 22nd April 2020

National

IIT-Mandi develops high-speed magnetic RAM

• Indian Institute of Technology (IIT) Mandi, Himachal Pradesh has developed a high-speed magnetic Random Access Memory (RAM).

• This Magnetic Random Access Memory (RAM), is faster, energy-efficient and stores more data in a smaller volume as compared to existing data storage technologies.

Guj Govt's Water Conservation Scheme Begins

• Gujarat Chief Minister Vijay Rupani has given the green signal for the third edition of his government’s ‘Sujalam Sufalam Jal Sanchay Abhiyan’. It is a conservation plan to deepen water bodies in the state before the monsoon.

• The scheme will see the deepening of lakes, check dams and rivers by removing silt. This will be done till June 10, 2020 with people’s participation as well as under MNREGA.

International

US crude oil prices fall below $0 mark

• In a historic first, the US crude oil prices crashed below $0 mark on April 20, 2020. The price of best quality of crude oil West Texas Intermediate (WTI) turned negative to - USD 40.32 a barrel.

• This is the worst ever slash in crude oil prices in the history of mankind. The last such fall in oil prices was reported right after the World War II.

Acquisitions and Mergers

Facebook buys 9.99% stake in Reliance Jio platform

• Facebook has announced the investment of Rs. 43,474 crores in Reliance Jio for 9.99 per cent stake on April 22. It is the largest Foreign Direct Investment (FDI) in India’s tech sector.

• The announcement of signing a binding agreement for an investment of Rs. 43,474 crore was made by Jio Platform Ltd, Reliance Industries Ltd. and Facebook.

• As per a statement by Reliance Industries Ltd., the investment by Facebook translates into a 9.99% of the equity stake in Jio on a fully diluted basis. The declared investment now values Jio Platforms at Rs. 4.62 lakh crore pre-money enterprise value.

Appointments and Resignations

N Kamakodi to be reappointed as the MD & CEO of City Union Bank

• N Kamakodi will be reappointed as the MD&CEO of City Union Bank. He has been reappointed for a period of three years with effect from May 1, 2020.

• City Union Bank has received approval for this reappointment from the Reserve Bank of India.

David Li becomes new CEO of Huawei India

• David Li has been appointed as the Chief Executive Officer of Huawei Telecommunications India. He has replaced Jay Chen who has been promoted to handle Asia Pacific level business role.

Days

Earth Day

• On 22nd April 2020, World Earth Day will be celebrated across the globe via ‘digital means’.

• PM Narendra Modi expressed his gratitude towards Mother Earth for the abundant gifts given by her. 

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Important Current Affairs 21st April 2020

National

Section 115BAC of IT Act, 1961

• Section 115BAC was recently inserted into the Income-tax Act, 1961, which states that an individual or a person belonging to an undivided family earning income other than the business or profession may opt to be taxed and furnish his or her Income Tax Return under sub-section (I) of Section 139 of IT Act.

• The Section 115BAC provides a concessional rate, if the total income is computed without any specified exemption or deduction.

UP becomes first state to geo-tag community kitchens

• Uttar Pradesh became the first state on April 19, 2020 to geo-tag community kitchens. The state geo-tagged around 7,368 community kitchens and community shelters located across 75 districts. The kitchens produce 12 lakh food packets per day.

• The state has also tied up with Google to 'Geo-map' the locations of all these community kitchens on the Google Maps app for ease of the beneficiaries. The state government mobilised state resources to set up the kitchens through the medium of religious organisations and non-government organisations.

International

China begins testing of digital currency – DC/EP

• People’s Bank of China (Central Bank of China) has started testing its digital currency named Digital Currency Electronic Payment, DC/EP.

• It is built with Blockchain and Cryptographic technology. The currency is pegged 1:1 to the Chinese National Currency – the RenMinBi (RMB).

• China’s official digital currency is undergoing testing and has not been officially released.

Banking and Economy

ICICI Bank launches voice banking services on Amazon Alexa, Google Assistant

• Industrial Credit and Investment Corporation of India(ICICI) bank starts a new feature of voice banking services on Amazon Alexa and Google Assistant for their customers.

• The service will enable customers to #BankWithTheirVoice and get answers to banking queries, check account balance & transactions, credit card due date and more.

Fitch slashes India’s GDP growth forecast to 1.8%

• Fitch solution has reduced its GDP growth forecast for India for FY21 to 1.8% from 4.6% earlier.

Science and Technology

NASA to launch 1st crewed US mission to International Space Station

• The National Aeronautics and Space Administration (NASA) will on May 27, 2020 launch its astronauts Bob Behnken and Doug Hurley for the first crewed mission to International Space Station (ISS) since the retirement of Space Shuttle Program in 2011.

Obituary

BMW India CEO & President Rudratej Singh passes away

• BMW Group President and CEO Rudratej Singh has passed away. Rudratej was the first Indian to lead the BMW India operations. He was appointed as the head of India operations from August 1, 2019.

•  He had also held multiple leadership positions in the automotive as well as non-automotive industry.

Sports

Charles Leclerc wins Chinese Virtual Grand Prix

• Charles Leclerc of Ferrari has won the Chinese Virtual Grand Prix. The series will use the official F1 2019 PC video game, developed by Codemasters.

Appointments and Resignations

Kapil Dev Tripathi appointed Secretary to the President of India

• Kapil Dev Tripathi has been appointed as the Secretary to the President of India, Ram Nath Kovind. He will replace Sanjay Kothari, who was selected as the Chief Vigilance Commissioner in February.

•  The appointment of Kapil Dev Tripathi has been approved by Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.

Days

World Creativity and Innovation Day

• World Creativity and Innovation Day is observed globally on 21 April every year. 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, also known as the “global goals”.

• The main objective of the day is to encourage people to use new ideas, make new decisions, and do creative thinking. Creativity is what makes the world go ‘round.

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Important Current Affairs 20th April 2020

National

“National List of Intangible Cultural Heritage of India” launched

• The “National List of Intangible Cultural Heritage (ICH) of India” has been launched by the Union Minister for Culture (I/C) Prahlad Singh Patel.

• The National List of Intangible Cultural Heritage of India has been classified in the following 5 broad domains:

a. Oral traditions and expressions, including language as a vehicle of the intangible cultural heritage

b. Performing arts

c. Social practices, rituals and festive events

d. Knowledge and practices concerning nature and the universe

e. Traditional craftsmanship

Uttar Pradesh Becomes First Indian State to Geotag Community Kitchens & Shelters

• Uttar Pradesh has been reported to become the first state in the country to geotag all its community kitchens and community shelters across 75 districts of the state, so as to provide adequate information to the general public regarding the location of shelter homes and community kitchens amid lockdown.

• There are 7,368 community kitchens and community shelters across 75 districts in the state which produce 12 lakh food packets a day.

• The state government has tied up with Google to ‘Geo-map’ the locations of all these establishments on the Google Maps app for ease of beneficiaries.

Banking and Economy

HDFC Bank launches Safety Grid campaign 

• The bank has created physical markers of HDFC Bank logo on the ground using the outer grid logo. This campaign helps people waiting in the queue at a shop or an establishment.

• The Safety Grid will be painted in front of the space leading to various retail outlets such as pharmacies, grocery stores, and ATMs. The safety grid distance of 1 metre is prescribed by the World Health Organization.

Obituary

Oscar-winning Animator and Film director Gene Deitch passes away at 95

• Oscar-winning animator, film director and producer, Gene Deitch passed away. His movie “Munro” won the Oscar award in the animated short film category in 1960.

•  He directed some episodes of “Tom and Jerry” and also some episodes of “Popeye the Sailor” series. He received the Winsor McCay Award for his lifelong contribution to animation in 2004.

Days

UN Chinese Language Day

• UN Chinese Language Day is observed on April 20 annually.The UN Department of Public Information established the day in 2010 to celebrate multilingualism and cultural diversity as well as promote equal use of all six of its official working languages throughout the organization.

• The day has been chosen to pay tribute to Cangjie, who is a mythical figure who is presumed to have invented Chinese characters about 5,000 years ago.

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Important Current Affairs 19th April 2020

National

Government revises FDI Policy, bar automatic investments from neighbouring countries

• The Central Government revised the FDI policy making it difficult for overseas investment from neighbouring countries into Indian firms. 

• The revised rules of FDI policy are applicable only to the countries that are in India’s neighbourhood and share a common land border with India. This includes China and other nations such as Nepal, Bhutan and Myanmar.

• According to reports, the changes in India’s FDI policy are in line with similar measures undertaken by many European countries which aims to restrict foreign investments from China during the on-going crisis and market disruption due to it.

Rs.10 lakhs Compensation for all Postal employees

• The Postal employees including Gramin Dak Sevaks are performing various departmental duties as well as serving the social cause in the crisis times.

• Therefore, it has been decided to grant payment of compensation of Rs. 10 lakhs to all the Postal employees including Gramin Dak Sevaks (GDS) succumbing to the disease while brought on duty. .

Government Amends Credit Guarantee Fund for Micro Units (CGFMU) scheme to Increase Default Coverage to 75%

• The Ministry of Finance has announced amendment in Credit Guarantee Fund for Micro Units (CGFMU) scheme, which covers micro loans up to Rs 10 lakh extended under the Pradhan Mantri Mudra Yojana.

• Apart from this, the ministry has also reduced the burden of defaults that the lender had to bear under the scheme from the first 5% of the amount in default to 3%.

Books and Authors

‘Shuttling to the Top: The Story of P.V. Sindhu’ Authored by V. Krishnaswamy Released

• The book titled “Shuttling to the Top: The Story of P.V. Sindhu”, written by sports journalist V. Krishnaswamy, was released on 13 April 2020.

• The book narrates the journey of badminton player PV Sindhu, from her early life to becoming a world champion, and what lies ahead.

• The book has been published by HarperCollins Publishers India.

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Important Current Affairs 18th April 2020

National

India removes ban on export of Paracetamol formulations

• The Central Government recently removed the ban on the export of formulations that are made from Paracetamol. The information was shared in a notification released by the Directorate General of Foreign Trade (DGFT).

• The formulations including the fixed-dose combinations will now be made available with immediate effect for export purpose.

Banking and Economy

RBI cuts reverse repo rate by 25 bps to 3.75%, announces Rs 50,000 crore TLTRO 2.0

• On 17 April 2020, the Reserve Bank of India (RBI) Governor Shaktikanta Das took several important decisions to ensure adequate liquidity in the system to ease the financial stress.

• RBI has decided to undertake targeted long-term repo operations (TLTRO-2.0) for total amount of Rs 50,000 crore to begin with in tranches of appropriate sizes. RBI might increase this amount in future as per requirement.

• The funds availed by banks under TLTRO-2.0 should be invested in grade bonds, Commercial Papers, Non-Convertible Debentures of NBFCs with at least 50% going to mid-sized NBFCs and MFIs.

• RBI has announced the allocation of Rs 50,000 crore as special refinance facilities to All India financial institutions (AIFIs) such as NABARD, SIDBI, NHB to enable them to meet sectoral credit needs. These advances to the above organizations will be charged as per the RBI policy repo rate of 4.40%.

• Out of total allocation of Rs 50,000 crore, National Bank for Agriculture and Rural Development (NABARD) will receive the amount of Rs 25,000 crore for the refinancing of Regional Rural Banks, cooperative banks and microfinance institutions.

• Out of total allocation of Rs 50,000 crore,Small Industries Development Bank of India (SIDBI) will receive Rs 15,000 crore or on-lending and refinancing to scheduled commercial banks, non-banks and microfinance institutions.

• The National Housing Bank will receive Rs 10,000 crore to support housing finance companies.

• RBI has also decided to reduce the reverse repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 4% to 3.75% with immediate effect while the policy repo rate will remain unchanged at 4.4%, Marginal Standing Facility (MSF) rate and the Bank rate will remain unchanged at 4.65%.

• The RBI has increased the ways and means advances (WMA) limit of states by 60% over and above the level as on March 31, 2020. The increased limit will be available till September 30, 2020.

• In respect of all accounts for which lending institutions decide to grant moratorium or deferment, and which were standard as on March 1, 2020, it has been decided that the 90-day NPA norm shall exclude the moratorium period. It indicates that there would an asset classification standstill for all such accounts from March 1, 2020 to May 31, 2020.

• RBI decides to extend the period for resolution plan by 90-days, citing the challenges faced during the resolution of stressed assets in the current volatile environment.

• RBI has refrained the scheduled commercial banks and cooperative banks from making any further dividend payouts from profits pertaining to the financial year ended March 31, 2020 until the further instructions.

• To ease the liquidity position at the level of individual institutions, the RBI has brought down the Liquidity Coverage Ratio (LCR) requirement for Scheduled Commercial Banks from 100% to 80% with immediate effect.

Science and Technology

NASA discovers habitable zone planet 300 light years away

• NASA’s Kepler Space Telescope has discovered an Earth-sized planet in a habitable zone around a star that could support liquid water. The exoplanet, named as Kepler-1649c, was discovered by a team of of transatlantic scientists.

• The findings are based on the data provided by Kepler as well as Transiting Exoplanet Survey Satellite (TESS).

Obituary

Freedom Fighter RV Bhuskute passes away at 94

• Freedom fighter R V Bhuskute, who had participated in the Quit India Movement, has passed away of prolonged illness. He was 94

• Hailing from Maharashtra’s Raigadh district, Bhuskute has also written several books on land laws.

Sports

Mascot for Hangzhou 2022 Asian Para Games unveiled

• “Feifei” to be the mascot for Hangzhou 2022 Asian Para Games, China. The 4th Asian Para Games are going to be held from October 9-15, 2022, featuring 22 sports with Taekwondo and Para-Canoe to form their Games debuts. The mascot helps to bring the Games to life for everybody, from the athletes to the spectators.

• Theme 2020- Shared Cultures, Shared Heritage, Shared Responsibility.

Days

International Day For Monuments and Sites

• The International Day for Monuments and Sites (World Heritage Day) is observed on 18 April each year to promote awareness about the diversity of cultural heritage of humanity, their vulnerability and the efforts required for their protection and conservation.

• Theme 2020- Shared Cultures, Shared Heritage, Shared Responsibility.

• The International Day for Monuments and Sites was proposed by the International Council on Monuments and Sites (ICOMOS) on 18 April 1982 and approved by the General Assembly of UNESCO in 1983.

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Important Current Affairs 17th April 2020

National

Government sets foodgrain production target at 298.3 mb tons for 2020-21 crop year

• The agriculture ministry has set a target to increase foodgrain production to record 298.3 million tonnes in the 2020-21 crop year (July-June). This is more by 6.35 million tonnes from the previous years’ estimate.

• To be bifurcated, the target is 149.92 million tonnes of foodgrain production in the Kharif (summer) season and 148.4 million tonnes in the rabi (winter) season.

• The foodgrain output in the 2019-20 crop year is estimated at 291.95 million tonnes.

Finance Minister attends 2nd G20 Finance Ministerial Meeting

• Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman represented India in the virtual session of the 2nd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting.

• The 2nd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting was held under the presidency of Saudi Arabia.

International

South Korean President’s party wins absolute majority in Parliamentary Elections

• South Korean President, Moon Jae-in’s party won an absolute majority in the recent Parliamentary Elections.

• Moon Jae-in’s left-leaning Democratic party and its allies won 180 seats in the 300-member National Assembly, while the conservative opposition coalition won 103 seats. The Democratic party has 120 seats currently.

• The provisional results were released by the National Election Commission on April 16, 2020.

Banking and Economy

Goldman Sachs downgrades India from ‘overweight’ to ‘marketweight’

• Goldman Sachs has downgraded its stance on the Indian market from ‘overweight’ to ‘marketweight’ due to “delayed recovery and extended valuations.”

• Golman Sachs says that the domestic equities could underperform, unless India unleashes a big stimulus package.

Awards

Viswanathan Anand Joins WWF India As Ambassador For Environment Education

• Five-time world chess champion Viswanathan Anand has joined WWF (World Wide Fund) India as its ambassador for environment education programme.

• WWF India is celebrating its 50 years of conservation in India and it is delighted to see Anand lend his support to conservation and protection of the environment. 

• In the midst of the coronavirus pandemic, governments, development organisations, corporates and individuals around the world are doing their bit to prevent the spread of the disease.     

Obituary

Actor Ranjit Chowdhry passes away

• Actor-writer Ranjit Chowdhry passed away at the age of 65 years on April 15, 2020 in Mumbai. He was the son of veteran theatre artiste Pearl Padamsee and stepson of Theatre and ad world stalwart Alyque Padamsee.

• Chowdhry will be remembered for his roles in Hrishikesh Mukherjee's 'Khubsoorat', Mira Nair's 'Mississippi Masala' starring Denzel Washington, Basu Chatterjee's 'Khatta Meetha' and 'Baton Baton Mein'.

National Football League’s Hall of Famer Willie Davis Passes Away at 85

• Former American football defensive player, Willie Davis, passed away. He was 85.

• Davis was inducted into the National Football League’s Pro Football Hall of Fame in 1981.He spent 12 seasons in the National Football League (NFL) and played for the Cleveland Browns (1958-59) and the Green Bay Packers (1960-69).

• Davis become the first African-American captain in Green Bay Packers’ history in 1965.

Sports

BCCI suspends IPL 2020 indefinitely

• The Indian Premier League (IPL) governing council of the Board of Control for Cricket in India (BCCI) has decided that the IPL 2020 Season will be suspended till “further notice”. 

•  The IPL was set to start on March 29 and end on May 24, but it was first postponed till April 15.

Appointments and Resignations

BSNL CMD P K Purwar takes additional charge of MTNL

• P. K. Purwar, the chairman and managing director of BSNL has been given the additional charge as CMD of Mahanagar Telephone Nigam Limited.

• He has been given the additional charge w.e.f April 13, 2020. In the last 6 years, this is the third time that Purwar has been given charge of MTNL CMD.

Days

World Hemophilia Day

• World Hemophilia Day is an international day held annually on April 17 to raise awareness for hemophilia and other bleeding disorders and bring understanding and attention for proper care for these rare inherited bleeding disorders community.

• The theme of World Hemophilia Day 2020 is “Get+involved”.

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Important Current Affairs 16th April 2020

National

Dekho Apna Desh: Tourism Ministry launches webinar series; next on City of Kolkata

• A webinar series titled “#DekhoApnaDesh” has been launched by the Indian Tourism Ministry. This unique series has been launched by the tourism ministry to provide information on many destinations and culture & heritage of Incredible India.

• The first such seminar of the #DekhoApnaDesh webinar series was held with the title “City of Cities: Delhi’s Personal Diary”.

Banking and Economy

Equitas Small Finance Bank launches Selfe FD and Selfe Savings Account

• Equitas Small Finance Bank has launched two new digital banking services- Selfe FD and Selfe Savings Account. This would enable the customers of the bank to avoid visiting branches.

• Under the “Selfe FD” option- customers can open Selfe Fixed Deposit online for value upto Rs 90,000 by providing Aadhar and PAN details. It will provide an interest rate of 7.75% for one year.

• Under the “Selfe Savings Account” option, a person can open savings account with Equitas Small Finance Bank by web based interactive video form by registering one’s Aadhaar number, PAN and other basic details. The interest rate is 7.5% and no minimum balance.

Sports

India will host Asian Boxing Championship in November

• India will host the 31st edition of the Asian Boxing Championships in November- December 2020.

• This announcement was made by the Boxing Federation of India (BFI) President Ajay Singh on 13 April.

• The host city will be decided by the Boxing Federation of India. India hosted men’s Asia boxing championship in Mumbai in 1980. It hosted the women’s event in Hisar in 2003.

Tour de France postponed

• Tour de France, world’s most famous cycling race has been postponed

• The three-week race was scheduled to begin from June 27 in Nice, France. The race has now been postponed for August. The 2020 race comprises 21 stages, the longest one being for 218 km.

Appointments and Resignations

Vineet Arora becomes new MD & CEO of Paytm General Insurance Ltd

• Paytm has appointed Vineet Arora as new managing director and chief executive officer of Paytm General Insurance Ltd. Prior to this, he has served as managing director and chief executive officer of Aegon Life Insurance Company.

• The appointment is a step for Paytm to further its journey into the insurance sector with an instantaneous specialise in general insurance.

Ajay Mahajan becomes news MD & CEO of “CARE Ratings”

• Ajay Mahajan has been appointed as the managing director and chief executive of Care Ratings.

• Ajay Mahanjan earlier worked at IDFC First Bank.He replaces Rajesh Mokashi, who resigned in December 2019.

Days

World Art Day: 15 April

• World Art Day is observed every year on 15 April to celebrate fine arts and promote awareness of creative activity around the world.

• The day was declared by the International Association of Art (IAA), an NGO working in official partnership with UNESCO.

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Important Current Affairs 15th April 2020

National

Atal Innovation Mission, NITI Aayog & National Informatics Centre (NIC) jointly launches CollabCAD

• The Atal Innovation Mission (AIM), NITI Aayog and National Informatics Centre (NIC) have come together to jointly launch an innovative platform called CollabCAD for ATL schools to enable students create 3D Computer Aided Designs. It will enable students to utilize indigenous, state-of-the-art made-in-India software for 3D modeling/slicing to use 3D printing.

• CollabCAD is a collaborative network, computer enabled software system to provide a total engineering solution ranging from 2D drafting and detailing to 3D product design.

• The initiative will provide a great platform for students of Atal Tinkering Labs (ATLs) across the country to create and modify 3d designs with free flow of creativity and imagination.

Banking and Economy

Global Economy to shrink in 2020, India to grow at 1.9%

• International Monetary Fund (IMF) on April 14 has mentioned that the world economy is expected to shrink by 3.0% in 2020. 

• In its 2020 World Economic Outlook, IMF predicted the partial rebound in 2021 with the world economy growing at a rate of 5.8%. But it mentioned that the predictions are marked with uncertainty.

• While projecting the economic growth of countries, the IMF has forecasted the Indian economy to grow by 1.9% in 2020-2021. Its estimate for India is in the line with forecasts made by other International agencies.

Barclays predicts India’s GDP growth for CY2020 at 0%; For FY21 at 0.8%

• Barclays has predicted the GDP growth for India in Calendar Year 2020 at 0%. It means no economic growth.

• For FY21, Barclays has predicted GDP growth for India at 0.8%.

Appointments and Resignations

Birupaksha Mishra becomes new Executive Director of Union Bank of India

• Birupaksha Mishra becomes new Executive Director of Union Bank of India, after its amalgamation with Corporation Bank and Andhra Bank. Prior to this, Birupaksha Mishra was Executive Director at Corporation Bank.

• He started his banking career as a Probationary Officer in the year 1984. He has worked in various parts of the country and has handled Credit and Credit Monitoring Portfolio of the Bank and headed  IT vertical of the Bank.

Days

First Edition of World Chagas Disease Day Observed on 14 April 2020

• The first-ever World Chagas Disease Day is being held on 14 April 2020 and henceforth, it will be held annually.

• The aim of the day is to raise the visibility and public awareness of people with Chagas Disease (also called American trypanosomiasis) and the resources needed for the prevention, control or elimination of the disease.

• The WHO approved the designation of Chagas Disease Day on May 24, 2019 at the 72nd World Health Assembly.

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Important Current Affairs 14th April 2020

National

Prasar Bharti launches new channel “DD Retro”

• India’s Public service broadcaster Prasar Bharti has rolled out a new channel called DD Retro.

• The new channel “DD Retro” would be specifically dedicated to old classics of Doordarshan.The channel has been launched by Prasar Bharti to keep viewers engaged.

• After the return of memorable classics likes mythological epics Ramayana and Mahabharat, historical drama Chanakya and superhero series Shaktimaan, Doordarshan has also emerged as the most watched channel in India, surpassing any other genre in the Hindi-speaking markets.

Ahmedabad station becomes 1st station to get sanitizing tunnel

• The Ahmedabad railway station at Kalupur has installed a Walk Through Mass Sanitizing Tunnel.

• The Sanitizer Tunnel has been set up by Ahmedabad division of the Western Railway and is the first station on Indian Railways to get such tunnel.

Obituary

Former US Baseball Player Glenn Beckert Dies at 79

• America’s former professional baseball player Glenn Alfred Beckert, has passed away at the age of 79.

• He played in Major League Baseball as a second baseman for the Chicago Cubs for nine seasons from 1965 to 1973 before ending his career with the San Diego Padres in 1975.

Legendary driver Stirling Moss passes away

• The legendary motor-racing driver, Sir Stirling Moss has passed away. Moss was widely regarded as the greatest driver never to win the Formula One drivers’ world championship.

• The British driver took part in Formula One from 1951 to 1961 and also made 67 starts in the F1 World Championship, claiming victory winning 16 races and claiming 16 pole positions and 24 podium positions.

Days

April 13, 2020 marked the 101st anniversary of Jallianwala Bagh Massacre

• 13 April 2020 marked the 101st anniversary of the Jallianwala Bagh Massacre.

• On this day, the martyrs who were killed mercilessly in Jallianwala Bagh are remembered.

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