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Weekly Current Affairs PDF March 29 to April04, 2020

Current Affairs PDF- March 29, 2020

National Government Sets up special emergency fund ‘PM CARES Fund’ to Fight Against COVID-19

The Government of India has set up a public charitable trust under the name of ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund)’ on 28 March 2020.

The primary objective of this dedicated national fund is to deal with any kind of emergency or distress situation, like posed by the COVID-19 pandemic.

Prime Minister is the Chairman of this trust while Defence Minister, Home Minister and Finance Minister are its other members.

The fund has been set up to enable micro-donations, allowing a large number of people to be able to contribute with smallest of denominations.

Donations to this fund will be exempted from income tax under section 80(G) of the IT Act.

Citizens and organisations can go to the website pmindia.gov.in and donate to PM CARES Fund.

The country’s largest lender, State Bank of India (SBI) will be hold the account of the PM Cares Fund.

Government of India launches coronavirus risk-tracking app “Corona Kavach”

Government of India has launched a coronavirus risk-tracking app in India and is named “Corona Kavach”.

The app has been developed by the Union Ministry of Electronics and Information Technology and the Union Ministry of Health and Family Welfare.

The app uses a person’s location to assess whether they are in the high-risk geographical zone or not. It will track the data of the users every one hour to alert them of whether they have crossed paths with any person who has tested positive for the infection.

Abbott Labs launches 5-minute coronavirus test

Abbott Laboratories, United States is unveiling a coronavirus test which will tell if someone is infected within 5 minutes. This test is so small and portable it is often utilized in almost any health-care setting.

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The test starts with taking a swab from the nose or the rear of the throat, then mixing it with a chemical solution that breaks open the virus and releases its RNA.

The mixture is inserted into an ID Now system, a small box weighing slightly below 7 pounds that has the technology to spot and amplify select sequences of the coronavirus genome and ignore contamination from other viruses.

Acquisitions and Mergers Mega merger of 10 state-run banks into four lenders will come into force from April 1

The Reserve Bank of India has announced that the schemes for the merger of ten state-run banks into four banks will take effect from 1 April 2020.

The banking regulator has also announced that the branches of merging banks will operate as the branch of the banks in which these have been amalgamated, from the beginning of next fiscal year 2020-21.

After the merger, the total number of PSBs will be reduced to 12 from 27 PSBs, including 7 large PSBs and 5 small PSBs.

Also, the anchor bank Punjab National Bank will become the country’s second largest bank with asset size of Rs 17.94 lakh crore, after SBI (over Rs 52 lakh crore).

The amalgamation is the part of RBI’s consolidation plan to create bigger size stronger banks in the public sector.

The following amalgamation will take place: 1. Oriental Bank of Commerce and United Bank of India will merge with Punjab National

Bank (PNB) branches 2. Syndicate Bank will merge with Canara Bank 3. Andhra Bank and Corporation Bank will merge into Union Bank of India 4. Allahabad Bank will merge into Indian Bank.

Current Affairs PDF- March 30, 2020

National

Government constitutes 11 groups to boost healthcare amid COVID-19 outbreak

The Central Government recently constituted 11 empowered groups for integrated response to Coronavirus pandemic in India. Of these 11 groups, one will be chaired by NITI Aayog CEO, one by NITI Aayog member and 9 will be chaired by Secretary-level officers.

These groups have been set up under the Disaster Management Act.

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DRDO to set up ‘multi-patient ventilators’ for serious COVID-19 patients

Defence Research and Development Organisation (DRDO) will soon develop the 'multi-patient ventilators' for critical Coronavirus patients. These ventilators will provide life support system to several patients at a same time through single unit.

The development of these ventilators is already under process to meet the potential demand in case COVID-19 outbreak goes out of control.

Govt approves Insurance Scheme for Health Workers Fighting COVID-19

Government has approved Insurance Scheme for Health Workers Fighting COVID-19’ as announced under the Pradhan Mantri Garib Kalyan Package. The following conditions exists:

The scheme will provide an insurance cover of Rs. 50 lakh for ninety days (90) to a total of around 22.12 lakh public healthcare providers. It will also include accidental loss of life on account of contracting COVID-19.

The insurance provided under this scheme would be over and above any other insurance cover being availed of by the beneficiary.

Banking and Economy SBI raises $100 million via green bonds

State Bank of India has raised USD 100 million green bonds, the first such bond by any state-owned bank in this fiscal.

The bonds were priced at 3M Libor + 80 basis points. This is the third set of green bond issue by SBI, aggregating USD 700 million.

The proceeds will be used to fund the non-convention energy sector. These bonds will be issued through SBI’s London branch and shall be listed on Singapore Exchange (SGX).

Science and Technology

SpaceX wins NASA award for planned lunar space station A new space capsule from SpaceX has been picked up by National Aeronautics and

Space Administration (NASA) to ferry cargo and supplies to the agency’s planned lunar space station.

Hence, with a $7 billion NASA contract, SpaceX will use its biggest rocket, Falcon Heavy to send spacecraft named as “Dragon XL” to the Lunar Gateway.

This is an outpost that NASA is planning to build and that will orbit the moon sometime within the next decade.

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Obituary Air Vice-Marshal Chandan Singh Rathore passed away

Air Vice Marshall Chandan Singh Rathore passed away at his Jodhpur residence on March 29, 2020. He had served in the Indian Air Force at the time of the 1962 Indo-China war and the 1971 India-Pakistan war.

The Air Vice Marshall had planned and executed helicopter operations during India’s 1971 war with Pakistan for the liberation of Bangladesh.

He had flown 8 missions into the enemy territory during the war to supervise the progress of lifting two companies of troops in the Sylhet area by the Indian Air Force.

He will be awarded the Maha Vir Chakra, the second-highest military award, posthumously for his acts of bravery in the presence of the enemy.

Sports International Table Tennis Federation suspends events till June 30, freezes world rankings • The International Table Tennis Federation has suspended all of its planned events till June 30, 2020 in the wake of the rapid spread of coronavirus across the globe. • The federation has also frozen the world rankings list due to the current uncertainty caused by the COVID-19 pandemic.

Current Affairs PDF- March 31, 2020

National

MCA introduces “Companies Fresh Start Scheme 2020” The Ministry of Corporate Affairs (MCA) has introduced the “Companies Fresh Start

Scheme, 2020”. The new scheme has been introduced to provide relief to law abiding companies and the Limited Liability Partnerships (LLPs) amid COVID-19 pandemic. MCA has also revised “LLP Settlement Scheme, 2020”.

The Fresh Start scheme and revised LLP Settlement Scheme stimulates compliance and lessen the compliance burden during the unprecedented public health situation triggered by COVID-19.

UP CM Yogi Adityanath Constitutes ‘Team-11’ to Fight COVID-19 Spread

Uttar Pradesh Chief Minister Yogi Adityanath has set up “Team-11”, which comprises of

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11 inter-departmental committees to fight the coronavirus spread, by tackling multiple issues ranging from ensuring medicare to victims to the supply of essentials and tackle long marches of jobless workers back home.

Each of the 11 committees will be headed by a senior bureaucrat of the state while the ‘Team 11’ will be headed by the Chief Minister himself.

Jharkhand launches Pragyaam App for delivery of Essential Goods during COVID-19

Jharkhand State Government recently launched Pragyaam mobile app for the delivery of Essential goods during COVID-19 outbreak. The app will offer e-passes to those people who are involved in providing essential services.

The e-passes will be issued by the District Transport Officers of Jharkhand.

DRDO develops casualty evacuation bags

The Defence Research and Development Organisation (DRDO) has designed a casualty evacuation bag to transport or isolate persons infected with COVID-19.

The bag is water and air-proof and treated to deal with biological agents. DRDO will be procuring an initial lot of 500 such bags. DRDO’s Defence Bioengineering and Electromedical Laboratory (DEBEL), which carries out research in aero-medical engineering and life support equipment and Nuclear Chemical and Biological (NBC) protection systems, has developed this bag.

International

China recommends Bear Bile as a cure for COVID-19 China has recommended the use of Bear bile as a possible cure for COVID-19 virus. The

Chinese government has put out a list of medicines that will be used to treat COVID-19. The list includes both China’s traditional medicines and western medicines. One of these

medicines, ‘Tan Re Qing’ is identified to be the best cure. The ‘Tan Re Quig’ traditional medicine carries bear bile. Bear bile has been used in

Chinese medicine for more than 1300 years. The liver secretes bile juice and it is stored in the gall bladder.

According to China, the ursodeoxycholic acid present in the bear bile can possibly cure COVID-19. It is also called Ursodiol. The acid is generally used for treating liver diseases and dissolving gall bladder stones.

COVID-19 crisis in Asia and Pacific far from over: WHO

The World Health Organisation has warned that while the west, especially Western European nations and North America appear to be the new epicentres of the

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coronavirus outbreak, the pandemic is far from over in Asia and the Pacific. WHO’s Regional Director for the Western Pacific, Dr Takeshi Kasai has urged the

governments to stay engaged in their efforts to combat COVID-19, calling it a long-term battle.

WHO says there is no one-size-fits-all approach but there are common practices that can help fight the pandemic and reiterated that countries need to still prepare for large-scale community transmission

Banking and Economy

IMF declares that World is now in “Recession” The International Monetary Fund (IMF) has announced that the world has clearly

entered a recession due to the coronavirus pandemic. It has emphasized that the current recession is even worse than that of 2009.

The statements about the world economy were made after the meeting of governing body of the IMF, the International Monetary and Financial Committee.

Summits and Mou’s Tata Power JV starts Shuakhevi HPP in Georgia

Adjaristsqali Georgia LLC, a Joint Venture between Tata Power, Norway’s Clean Energy Invest (CEI), and International Financial Corporation (IFC) has announced the start of commercial operation of the 178 MW Shuakhevi Hydro Power Project (Shuakhevi HPP) located in southwest Georgia.

The project will generate around 450 GWh of clean energy to reduce the emission of greenhouse gases by more than 200,000 tonnes a year.

Science and Technology

IIT Bombay develops mobile app ‘CORONTINE’ A team at IIT Bombay has developed a mobile app named ‘CORONTINE’. The ‘CORONTINE’ app aims to help the authorities in tracking the asymptomatic carriers and prevent the spread of the COVID-19 disease.

Books and Authors Book titled “The Death of Jesus” by Nobel laureate J M Coetzee released

The book titled “The Death of Jesus” authored by Nobel laureate J M Coetzee has been released. It is the third book of the series.

The earlier two book were, “The Childhood of Jesus”, published in 2014 and The

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Schooldays of Jesus, in 2018.

Current Affairs PDF- April01, 2020

National GoI extends validity of expired Driving Licences and Vehicle Registration till 30 June

The Ministry of Road Transport and Highways has announced an extension on the validity of documents like driving licenses, permits and registration that are expired since 1 February.

The Ministry has directed all states and Union Territories (UT) to treat the documents as valid till 30 June.

Karnataka government launches ‘Corona Watch’ app

The state government of Karnataka has launched a mobile application ‘Corona Watch’. The mobile application aims to track the movement history of persons tested positive, before their detection in order to take precautions and to contain the coronavirus outbreak.

The app will also provide the date and time of visit to spots by the patients. ‘Corona Watch’ app also comprises a list of government designated first response hospitals for COVID-19 where citizen with symptoms can visit.

Banking and Economy Mega merger of 10 PSU Banks comes into effect

The mega merger of 10 PSU banks into 4 comes into effect from April 1, 2020. As per the merger, the Oriental Bank of Commerce and the United Bank of India have now be merged with the Punjab National Bank with the latter being the Head Bank.

In another merger, Corporation Bank and Andhra Bank are merged into Union Bank of India. The branches of the merged banks will work as the branches of Head or Anchor bank.

As per the consolidation scheme, the details of 10 state-run banks into 4 are mentioned below-

United Bank of India and Oriental Bank of Commerce will merge into Punjab National Bank

Syndicate Bank will merge into Canara Bank Allahabad Bank into Indian Bank Corporation and Andhra Banks will be merged in Union Bank of India

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The objective behind the merger: The major objectives of the merger are:

To help India make a USD 5 trillion economy Reducing the lending cost Enhancing the capacity in order to increase credit To bring next-generation technology for the banking sector Banks that have strong national and international reach To improve the ability to raise market resources.

Government cuts Interest Rates on Small Saving Schemes

The Central Government recently slashed the interest rates on small saving schemes such as PPF for the April-June quarter of 2020-2021.

The Small Saving Schemes include Public Provident Fund (PPF), Kisan Vikas Patra, Senior Citizen Saving schemes (SCSS) and Sukanya Samriddhi Yojana.

UN report states India, China will stay away from world recession

The United Nations Trade report titled “The COVID-19 Shock to Developing Countries: Towards a whatever it takes program” stated that the world economy will go into recession in 2020 with a predicted loss of trillions of dollars of global income due to the COVID-19 pandemic.

It also predicted serious problems for developing countries with the likely exception of India and China.

Summits and Mou’s Ministry of Tourism launches ‘Stranded in India’ portal

The Ministry of Tourism has launched a portal ‘Stranded in India’ to help foreign tourists who are stuck in various parts of the country.

Its web address is strandedinindia.com. The COVID-19 helpline number for foreign tourists stuck in India is +91-11-23978046 or 1075.

Obituary

Legendary historian Arjun Dev passes away The legendary historian and educationist, Professor Arjun Dev passed away. He was

born on November 12, 1938, in Leiah, West Punjab (now in Pakistan). He served as a historian at the National Council of Education Research and Training

(NCERT).

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Days International Transgender Day of Visibility

International Transgender Day of Visibility observed globally on 31st March every year. The day is dedicated to celebrating transgender people and raising awareness of

discrimination faced by transgender people worldwide, as well as a celebration of their contributions to society.

Utkal Divas or Odisha Day is celebrated on 1 April

Utkal Divas (Odisha Day) is celebrated every year on 1st April all over Odisha. Odisha Day is celebrated in the memory of the formation of the state as a separate province on 1 April 1936.

This year marks the 83rd Utkal Divas or the foundation day of Odisha. Odisha was born as a separate state on April 1, 1936, on a linguistic basis.

The state was carved out of the combined Bengal-Bihar-Orissa province.

Current Affairs PDF- April02, 2020

National

DGCA allows cargo operations using passenger category aircraft The Director General of Civil Aviation on April 1, 2020 granted special permission to

conduct cargo operations using passenger category aircraft in the wake of the COVID-19 crisis.

The decision was taken to meet the increasing demand for cargo operations for transportation of essential goods and medical equipment during the lockdown period.

IIT Kanpur to develop low-cost portable ventilator

Amidst the rising cases of COVID-19 in the country, the Indian Institute of Technology (IIT)-Kanpur is developing portable ventilators which will be significantly cheaper than the ones available in the market.

The prototype of this ventilator will be ready very soon and just after assembling, it can be used as a life support system.

The ventilator is a very important medical equipment for COVID-19 Patients, especially those who are old and the virus can prove fatal to them.

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Banking and Economy

Nomura lowers India’s 2020 GDP growth forecast to -0.5% Nomura has predicted India’s GDP growth rate for the year 2020 at -0.5%. The earlier

prediction was 4.5%. The announcement was made by Sonal Varma, MD and chief India economist at

Nomura.

BhartPe & ICICI lombard tie up to launch COVID-19 insurance

BharatPe inks partnership with ICICI Lombard General Insurance Company Limited to introduce ‘COVID-19 Protection Insurance Cover’.

This Insurance cover for shopkeepers, who are most affected financially due to Coronavirus (COVID-19) outbreak.

Centre Extends Foreign Trade Policy for One Year till March 2021

The government has extended the existing foreign trade policy (2015-20) for one year till March 2021.

The foreign trade policy 2015-20 was earlier valid up to March 31, 2020. The extension has been given amid coronavirus outbreak and the lockdown to contain

the virus spread.

Sports 2021 World Athletics Championships Being Moved to 2022

The World Athletics has informed that the 2021 world athletics championships in Eugene, Oregon, United States, is now being shifted to 2022 to accommodate the re-arranged Tokyo Olympics.

The 2020 Tokyo Games has been postponed because of the coronavirus pandemic and will now take place on July 23-August 8, 2021.

The world athletics championships was earlier scheduled to take place in Eugene on August 6-15, 2021. It will now take place in August 2022.

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Current Affairs PDF- April03, 2020

National GoI launches “AarogyaSetu” app to track Covid-19

“AarogyaSetu” is the official COVID-19 tracking app that has been launched by the Government of India. The “AarogyaSetu” app has been developed by the National e-Governance Division of the Ministry of Electronics and Information Technology in association with the Ministry of Health and Family Welfare.

The mobile application aims to inform the users of the app regarding the risks, best practices along with the relevant advisories related to the containment of COVID-19.

Banking and Economy

S&P Further Slashes India’s GDP Forecast to 3.5% from 5.2% for FY21 S&P Global Ratings has further slashed India’s growth forecast to 3.5% from a previous

downgrade to 5.2% for the fiscal year 2020-21. The latest downgrade is due to the slump in demand, because of the Covid-19 outbreak,

which is leading to declining credit quality and rising defaults particularly among non financial corporates with weaker credit profiles.

For the Financial year 2019-20, the rating agency has estimated growth forecast of 5%. However the S&P expects the Indian economy to bounce back to 5% in FY20, 3.5% in

FY21 and 7.3% in FY22.

PhonePe launches coronavirus hospitalisation insurance policy ‘Corona Care’

PhonePe has launched a unique coronavirus hospitalization insurance policy named “Corona Care.”

PhonePe has partnered with Bajaj Allianz General Insurance for this “Corona Care”. “Corona Care” plan is priced at Rs 156 with an insurance cover of Rs 50,000 for a person

aged under 55 years.

Obituary

Gurbani maestro Nirmal Singh Khalsa passes away Nirmal Singh Khalsa, a noted singer of Sikh 'Gurbani' hymns, passed away on April 2,

2020 due to coronavirus. He was detected with the infection just a day before his death. He was 62.

Nirmal Singh Khalsa was a former priest at the Golden Temple in Amritsar. He was known to have the knowledge of the 31 'raags' in the Gurbani of the Guru Granth Sahib.

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He was honoured with the prestigious Padma Shri in 2009 for his outstanding contribution to the field of Gurbani music.

Summits and Mou’s

UN Cop26 Climate Change Summit in Glasgow Postponed until 2021 The 2020 United Nations Climate Change Conference (UN COP26), which was scheduled

to be held in Glasgow, Scotland from 9 to 20 November 2020 under the presidency of the UK government, has been postponed due to the coronavirus pandemic.

The Cop26 Climate Change Summit has now be pushed back to 2021 and the new dates for the conference would be decided in due course.

The announcement was made by the Cop26 president-designate and UK Business and Energy Secretary Alok Sharma.

Sports

Wimbledon Championship canceled due to Coronavirus pandemic The Wimbledon Tennis Championship 2020 has been cancelled due to the novel

Coronavirus (COVID-19) outbreak. The announcement regarding the cancellation of championship was made by the All England lawn Tennis and Croquet Club (AELTC). The tennis tournament was scheduled to begin from June 29, 2020 in the United Kingdom.

It marks the first time that the Wimbledon tournament had been called off since World War II.

Wimbledon is one of the four Grand Slam tennis tournaments, the others being the Australian Open, the French Open and the US Open. Wimbledon is the only major still played on grass-court.

Current Affairs PDF- April04, 2020

National

DST sets up rapid response centre CAWACH to combat COVID-19 The Department of Science & Technology (DST), Government of India, has approved

setting up of a Centre for Augmenting WAR with COVID-19 Health Crisis (CAWACH), to support startups that address COVID-19 challenges.

CAWACH will be set up at a total cost of Rs 56 Crore. The Society for Innovation and Entrepreneurship (SINE), a technology business

incubator at IIT Bombay, supported by DST, has been identified as the Implementing Agency of the CAWACH.

CAWACH

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The CAWACH programme of DST will scout, evaluate and support the innovations and start-ups that are in the area of novel, low cost, safe and effective ventilators, respiratory aids, protective gears, novel solutions for sanitizers, disinfectants, diagnostics, therapeutics, informatics and any effective interventions to control COVID-19.

International

Domino’s Pizza launches ‘Domino’s Essentials’ service Domino’s Pizza has partnered with ITC Foods to launch “Domino’s Essentials”.

Highlights of this Partnership: Through “Domino’s Essentials” service, everyday grocery essentials offered by ITC

Foods will be delivered while leveraging the delivery infrastructure of Domino’s. This partnership aims to serve the community by ensuring uninterrupted supply of

essential items at their doorsteps, without them having to step outside of their homes. The “Domino’s Essentials” service will be available for consumers via “Domino’s

Essentials” section on the Domino’s app. Domino’s Pizza will leverage its supply chain and delivery network to deliver essential

goods to the customers at their home. This service is an effort which aligns with the government’s decision of nationwide

lockdown to contain the COVID-19 pandemic.

Banking and Economy

Fitch Ratings cuts India’s GDP growth forecast to 2% for FY21 Fitch Ratings has cut its GDP growth forecast for India to 2% for the fiscal year 2021. This will be the slowest growth in India over the past 30 years.

ADB Estimates India’s GDP for FY’21 at 4 Percent; 6.2% for FY’22

The Asian Development Bank (ADB) released its latest Asian Development Outlook (ADO) 2020 for financial year 2020-21 on 3rd April 2020.

As per ADB, the Gross Domestic Product (GDP) growth in India is likely to slow down to 4 percent in FY21 (2020-21) on the back of the current global health emergency.

However, ADB expects the Indian economy to further strengthen to 6.2 percent in the FY22 fiscal (2021-22).

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Obituary Prominent virologist Gita Ramjee dies from coronavirus

World renowned virologist Gita Ramjee passed away after contracting the novel coronavirus. The South African “Vaccine” scientist and an HIV prevention research leader was working as the chief scientific officer at the Aurum Institute.

In 2018, the European Development Clinical Trials Partnerships (EDCTP) awarded Gita Ramjee with the Outstanding Female Scientist Award in Lisbon for her lifetime commitment towards finding new HIV prevention methods.

Sports

Asian Games 2022 "smart triplets" mascots unveiled in digital ceremony

The Olympic Council of Asia has announced the official mascots of the 19th Asian Games to be held in Hangzhou in 2022. The three robots namely Congcong, Lianlian and Chenchen which are collectively known as “The Smart Triplets” will be the official mascots of the 19th Asian Games.

The mascot was unveiled by Olympic Council of Asia at a digital launch ceremony in Hangzhou, China. The ceremony was held digitally due to the COVID-19 pandemic that has brought the whole world to a stand still.

The robot ‘Congcong’ represents the Archaeological Ruins of Liangzhu City. It derives its name from the Cong jade pendant — the quintessential relic unearthed from the ruins dating back 5,000 years. ‘Lianlian’ represents the West Lake and the name signifies a lake full of lush lotus leaves. Green stands for life and nature.The third mascot is ‘Chenchen’, which represents the Beijing-Hangzhou Grand Canal.

Days

International Mine Awareness Day observed globally on 4 April International Mine Awareness Day observed globally on 4 April every year. On 8

December 2005, the General Assembly declared that 4 April of each year shall be observed as the International Day for Mine Awareness and Assistance in Mine Action.

It was first observed on 4 April 2006.