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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.
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- 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.
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- "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.
- 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.
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- 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.
- 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.
- RBI's Monetary Policy Committee has cut the repo rate by 40 basis points to 4%, Governor Shaktikanta Das announced today. Highlights :
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- 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.
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- 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.
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- 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.
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- 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.
- Health Minister Dr Harsh Vardhan today took charge as the Chairman of the World Health Organization (WHO) Executive Board.
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- 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.
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- He will take over from November 2020 and will replace Gerard Kleisterlee.
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