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Weekly Current Affairs 15th To 21st April 2020

Weekly Current Affairs 15th To 21st April 2020

National News

"DekhoApnaDesh" Webinar Series---By Ministry of Tourism

  • Ministry of Tourism has launched its "DekhoApnaDesh" webinar series. The series has been launched to provide information about various destinations of our Incredible India and to detail and expand the cultural heritage of India.

Additional Benefits to Policy Holders and Agents—By Tata AIA Insurance

  • Tata AIA Insurance announced to grant additional benefits related to COVID-19 for its policyholders and agents. These benefits are granted by the insurance company are with no additional cost. And hence, by doing this, Tata AIA Insurance becomes the first one to do so.

Personal Protective Coverall Suit—By CSIR-NAL and MAF Clothing Pvt Ltd

  • CSIR-NAL (CSIR-National Aerospace Laboratories) and MAF Clothing Pvt Ltd have developed a Personal Protective Coverall Suit.
  • It has been tested at SITRA, Coimbatore through stringent testing.

‘Assess Koro Na’---By Delhi Government

  • Delhi Government has launched ‘Assess Koro Na’ mobile application which is utilized to do the door-to-door survey in COVID-19 containment zones of Delhi.

High-Protein Biscuits—By CSIR-CFTRI for COVID-19 Patients

  • Mysuru-based CSIR-Central Food Technological Research Institute (CFTRI) has made available high-protein biscuits to the COVID-19 patients in the All India Institute of Medical Science (AIIMS), New Delhi.

Agreement—UP Government and Google for Geotag Community Kitchens

  • Uttar Pradesh government has signed an agreement with tech giant Google to form geotag community kitchens and community shelters across the state.
  • By doing so, Uttar Pradesh has become the first state in India to geotag its 7,368 community kitchens and community shelters which produce 12 lakh food packets a day.

Banking

India’s growth at 1.5% to 2.8%---By World Bank

  • World Bank has released its report called ‘South Asia Economic Focus’. In that, it has forecasted India’s growth for FY21 at 1.5% to 2.8%.
  • Initially, World Bank had projected the growth of India to be 6.3% about 6 months ago, but it has now projected a fall to 1.5% to 2.8%.

RBI Launches Sovereign Gold Bond Scheme 2020-21

  • Reserve Bank of India has launched the Sovereign Gold Bond Scheme for 2020-2021. The Bonds will be issued in six tranches from April 2020 to September 2020.
  • The schemes describe the assured return of 2.5 percent to investors along with appreciation in the price of the bond in line with the movement of gold prices.

IMF Forecasted a 7.6% Expansion in Asian Economic Growth in 2021

  • International Monetary Fund reported that the COVID-19 pandemic will lead to a halt in the economic growth all over Asia for 2020. The organization has forecasted a 7.6% expansion in Asian economic growth in 2021.

RBI Eases Fund Flow for Cash-Starved Real Estate Sector

  • RBI governor Shaktikanta Das announced TLTRO of Rs 50,000 crore, saying the funds availed by banks should be put in investment-grade bonds companies, and at least half of the funds should go to small non-banking financial companies (NBFCs) and microfinance institutions (MFIs).
  • RBI has allotted Rs 10,000 crore to National Housing Bank.

AIIB grants $500 million to India to Combat COVID-19

  • Asian Infrastructure Investment Bank (AIIB) has announced a financial help of $500 million projects to India to improve its health care systems.
  • With this, AIIB has doubled its funds under the COVID-19 Crisis Recovery Facility.

RBI Launched 49th Round of OBICUS of Manufacturing Sector

  • RBI launched the 49th round of quarterly OBICUS (Order books, inventories, and capacity utilization survey) of the manufacturing sector which includes the reference period January-March 2020.
  • In this OBICUS a total of 704 manufacturing companies were considered to manipulate the data.

RBI Cancels License of Mapusa Co-operative Bank

  • Reserve Bank of India has canceled the license of Goa-based Mapusa Urban Co-operative Bank.
  • The central bank has restricted Mapusa Urban Co-operative Bank from carrying out any banking operations and businesses with an effect from 16th April 2020.

CBDT Refunds Five Thousand 204 crore Rupees to MSMEs

  • Central Board of Direct Taxes has announced that income-tax refunds are obtained over eight lakh small businesses worth over five thousand 204 crore rupees issued in the last ten days.

RBI Raises Ways and Means Advances (WMA) Limit for States

  • The Reserve Bank of India (RBI) has increased WMA for state government by another 30%.
  • This action by RBI will help state governments as will not have to bunch up auctioning of bonds.

India’s GDP at 1.8%---By Fitch

  • Fitch Solutions has forecasted India’s economic growth forecast to 1.8% for FY 2020-21.
  • Fitch has also reduced to GDP forecast for China for FY 2020 from 2.6% to 1.1%.
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