Weekly Current Affairs 15th To 21st May 2020

Published on Friday, May 22, 2020
Weekly Current Affairs 15th To 21st May 2020

National News

Federal Bank Partners with Money Gram

  • Federal Bank has entered into a partnership with money transfer company MoneyGram Payment Systems which is a wholly-owned subsidiary of Money Gram International.
  • Both the finance entities have entered into a partnership for direct-to-bank deposit service.

2nd and 3rd Tranche of Aatma Nirbhar Bharat Abhiyan—By FM Minister

  • Prime Minister Narendra Modi had announced a special economic package of Rs 20 lakh Crore to drive the nation in the pandemic situation of COVID-19.
  • Centre allocated Rs.4000 crore for the promotion of herbal cultivation. Under this, 10,00,000 hectares will be covered in the next 2 years.

GOAL Programme —By MoTA and Facebook

  • Ministry of Tribal Affairs (MoTA) in partnership with Facebook launched the GOAL Programme.
  • The GOAL Programme stands for ‘Going Online As Leaders’. The launching of the programme was made by Union Minister for Tribal Affairs Arjun Mundaat a Webinar in New Delhi.

4th and 5th Tranche of Aatma Nirbhar Bharat Abhiyan—By FM Minister

  • Fourth and the fifth part of the economic relief package for Aatma Nirbhar Bharat Abhiyan was launched by Finance Minister Nirmala Sitharaman.
  • The decision to bring commercial mining under the coal sector by introducing a revenue-sharing mechanism was introduced in the fourth part of the economic relief package.

NRAI Partners with DotPe—To Develop Tech Platform

  • National Restaurants Association of India (NRAI) has signed an agreement with DotPe which is and Fintech startup platform to develop its own tech platform.
  • The tech platform will be used to support paying online bills, digital ordering, bill settlements, and contactless dinning.

India Gives $2 million to support UNRWA

  • India provided support of USD 2 million that is Rs 15 crore to the United Nations Relief and Work Agency (UNRWA) in order to offer support to Palestinian Refugees.
  • The amount given to UNRWA will be utilised for education and health in the pandemic situation of COVID-19.

Indian Economy to Contract by 5% for FY21

  • Goldman Sachs has predicted that Indian economy to contract by 5% for the financial year 2021. This has been marked as the worst performance by the country ever.
  • It has also predicted that India’s GDP will contract by 45% in the second quarter from the prior three months compared to the previous forecast which was predicted to be 20%.

‘Rail-Bot’ --- Developed by South Central Railway

  • South Central Railway has developed ‘Rail-Bot’ or ’R-BOT’ which is a robotic device to help in the hospitals in order to manage activities like supplying medicines, medical accessories, to serve food to the patients, thus help in reducing physical contact of doctors and health worker with the positive COVID-19 patients.

Digital Motor Insurance Policy –By Flipkart and Bajaj Allianz

  • E-commerce platform Flipkart has entered into a partnership with Bajaj Allianz General Insurance to offer a digital motor insurance policy to the customers of Flipkart.
  • This will offer seamless and accessible and flexible insurance to the vehicles of Flipkart consumers.

‘SUKOON’ COVID-19 Beat the Stress Initiative—By Jammu and Kashmir

  • Jammu and Kashmir have launched an initiative called ‘SUKOON’ COVID-19 Beat the Stress.
  • It has been launched in coordination with the Department of Information and Public Relations (DIPR).

‘National Test Abhyas’ Mobile App--- By HRD Ministry

  • The Human Resource Development Ministry has launched a new mobile phone application called ‘National Test Abhyas’.
  • The mobile application is developed by National Testing Agency.

Charan Paduka campaign –By Madhya Pradesh

  • Madhya Pradesh has launched Charan Paduka campaign for the migrant workers passing through the state.
  • In this campaign, the state government has decided to offer shoes and slippers to the migrating workers who are travelling barefoot.

AA+ COVID-19 Testing Solution – Launched by ESDS Software Solution

  • ESDS, A software and IT solution form has developed and launched AA+ COVID-19 Testing Solution.
  • AA+ COVID-19 Testing Solution is an Artificial Intelligence-based tool which helps to detect the COVID-19 from Chest X-rays.

Karnataka Launched First Accelerator for Cyber Security Start-up

  • Karnataka’s Center of Excellence in Cybersecurity (CS-CoE) has launched the first accelerator for cybersecurity for start-ups in India.
  • ‘H.A.C.K.’ is an Accelerator for Cyber Security in Karnataka which is comprised of 21 start-ups on board across 10x cohort, 0-1 cohort and virtual cohort.


$145 Million Loan Agreement Between AIIB, GOI and West Bengal

  • Asian Infrastructure Investment Bank (AIIB) has approved a loan agreement of $145 million with the Government of India and West Bengal state government.
  • The loan is approved for the purpose of improving flood management strategies and irrigation services in the Damodar Valley Command Area (DVCA) in West Bengal state.

NABARD Sanctioned Rs 1,500 crores to the Farmers of Punjab

  • The National Bank for Agriculture and Rural Development(NABARD) has sanctioned an amount of Rs 1,500 crores to the farmers of Punjab state.
  • The amount will help to ensure the continuous credit flow to the farmers in the lockdown situation of COVID-19.

Rs 20,500 crore to Co-Op Banks and RRBs –By NABARD

  • National Bank for Agriculture and Rural Development has released Rs 20,500 crore to the co-operative banks and Regional Rural Banks for the lending process.
  • Out of the total Rs 20,500 crore, the co-operative bank has received Rs 15,200 crore and RRBs has received Rs 5,300 crore.

Gold Loan Business Vertical – By Canara Bank

  • Canara Bank has started a special business vertical dedicated to gold loans.
  • The interest rate offered under this campaign is as low as 7.85% per annum.

Index and Ranking

Energy Transition Index—Released by WEF

  • This time, India has ranked 74th position on the global Energy Transition Index (ETI). In the previous year, it was ranked at 76th position.
  • Sweden is followed by Switzerland and Finland in the second and third positions respectively.

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