Current Affairs Today 28 May 2020
Hello Aspirants, Here we provide the important and Latest Current Affairs Today 28 May 2020, which have Latest updates of Current Affairs 2020 from all the newspapers such as The Hindu, The Economics Times, PIB, Times of India, Business Standard, Financial Express, Indian Express and all other official Government websites.
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Top 10 Current Affairs of 28 May 2020
National News
“Van Dhan Scheme – Learning for Post COVID-19” Organized by DST, Rajasthan in association with TRIFED
- A Webinar under Know Your Scheme-Lecture Series on “Van Dhan Yojana : Learning For Post Covid-19” was organized today by the Department of Science and Technology, Government of Rajasthan in association with Trifed, Ministry of Tribal Affairs, Government of India. Shri Pravir Krishna, Managing Director of TRIFED, Ministry of Tribal Affairs was the Key Note Speaker detailing the learnings for post Covid-19 and the Webinar was moderated by Ms. Mugdha Sinha, Secretary, Science and Technology, Government of Rajasthan.
- The current crisis situation due to Covid-19 has posed an unprecedented threat across the country. Almost all the States and UTs in India…..Click Here to Read More
Centre to set up Fisheries export hub in North India
- Seeking to double India’s export earning from fisheries, the Centre will expand reach of this sector by investing in critical infrastructure and create export hub in north India especially in Punjab, Haryana, Rajasthan and Uttar Pradesh, where prawn farming can be promoted in saline water in a big way.
- The prawn farming had been introduced in Ludhiana, Jalandhar and Kapurthala districts in Punjab and Hissar district in Haryana long ago for domestic markets such as Chandigarh and Delhi, the renewed attention is expected to expand the operation on a much wider scale…..Click Here to Read More
PFC to fund projects worth Rs 22,000 cr in Madhya Pradesh
- State-owned shadow banking firm Power Finance Corporation (PFC) said it will fund 225 MW hydro electric and other multiple purpose projects worth Rs 22,000 crore in Madhya Pradesh.
- “PFC today entered into an agreement with Narmada Basin Projects Company Ltd (NBPCL), a wholly-owned company of Govt of Madhya Pradesh, to fund projects worth Rs 22,000 crore for 225 MW hydro-electric projects & multipurpose projects in the State of Madhya Pradesh,” the company said in a statement.
- The funds will be deployed by NBPCL for setting…..Click Here to Read More
International News
Taiwan President Tsai Ing-wen Begins Her Second Term
- Taiwan President Tsai Ing-wen took the oath for her second four-year term on Wednesday, buoyed by record-high popularity as the country continues its successful response to the COVID-19 pandemic.
- Tsai also pledged to engage in dialogue with Beijing provided it respects Taiwan’s sovereignty and rejects its “one country, two systems” formula, reiterating the cross-strait stance that fueled her landslide re-election victory in January.
- In a scaled-down inauguration ceremony at which a limited number of participants practiced social distancing, Tsai praised the resilienc…..Click Here to Read More
Business News
OLA Electric Acquires EV Maker ETERGO, Likely to Bring AppScooter to India in 2021
- Ola Electric acquired the Netherlands-based Etergo BV, an innovative electric scooter company known for its award-winning AppScooter for an undisclosed sum, and announced its foray into the premium electric two-wheeler market, both globally and nationally.
- Aiming to launch its global electric two-wheeler in India in 2021, Ola Electric is currently running several pilots to deploy electric vehicles and charging solutions across cities with a focus on two and three wheelers, and aims to build a suite of electric and smart urban mobility solutions for citizens.
- “With electric, digitally connected capabilities, two-wheelers will further emerge as the most preferred urban mobility paradigm around the world and empower every consumer. We look forward to building the best global capabilities in engineering, design, and manufacturing for these products to be made…..Click Here to Read More
NCLT approves sale of IL&FS stake in GIFT City to Gujarat govt
- The Principal Bench of National Company Law Tribunal (NCLT) has approved the stake sale of IL&FS in Gujarat International Finance Tec-City Company Limited (GIFTCL) to the Government of Gujarat.
- The crisis-ridden IL&FS holds 50 per cent stake in GIFTCL. Notwithstanding the liability of GIFTCL, the Gujarat Government has agreed to pay positive equity value of 100 per cent of the IL&FS stake in GIFTCL, by which, the positive equity value of over Rs 32.70 crore will come to IL&FS.
- In its order the tribunal said that the applicant, IL&FS had submitted that the sale resolution has been conducted to ensure a fair resolution upholding the key principles of the value maximisation, commercial viability and financial…..Click Here to Read More
ITC to acquire 100% equity of Sunrise Foods by share purchase agreement
- ITC share price added nearly 5 percent in early trade on May 26 after the company said it is going to acquire 100 percent stake in Sunrise Foods.
- ITC has entered into a share purchase agreement (SPA) on May 23, 2020 to acquire 100 percent of the equity share capital of Sunrise Foods Private Limited (SFPL), a company primarily engaged in the business of spices under the trademark ‘Sunrise’, subject to fulfilment of various terms and conditions as specified in the SPA, as per company release.
- Sunrise is a market leader in eastern India in the…..Click Here to Read More
Science & Technology
IIT Madras develops alloy that might replace steel, aluminium in auto industry
- A group of researchers at the Indian Institute of Technology Madras (IITM) have claimed to have developed a high-performance magnesium alloy that can replace steel and aluminium in the automobile industry.
- In a statement issued by the institution, IIT-M said its researchers working with University of North Texas and US Army Research Laboratory Teams have developed an engineered magnesium alloy.
- According to the group, the current industrial application of wrought magnesium alloys in structural components is very limited due to their poor moderate or low strength, poor ductility, yield strength asymmetry and lack of high…..Click Here to Read More
Books & Authors
JK Rowling releases children’s book ‘The Ickabog’ online for Free
- “Harry Potter” author JK Rowling has announced a new story called “The Ickabog” to entertain children during coronavirus lockdown.
- Rowling started writing “The Ickabog” while she was still completing the original Wizarding World series, and intended to publish it following the seventh – and final – “Harry Potter” book.
- However, she decided to step back from children’s books and left a draft of “The Ickabog” in the attic, where it remained for nearly a decade, according to a statement on her website.
- It is her first book aimed at children…..Click Here to Read More
Obituary
Macau gambling king Stanley Ho dies aged 98
- Ho, one of Asia’s richest men, was known as the “king of gambling”.
- He was the head of one of the world’s most lucrative gaming businesses, SJM Holdings, valued at about $6bn (£4.9bn).
- “My father has passed away peacefully just now at around 1pm at Hong Kong Sanatorium and Hospital,” Ho’s daughter Pansy told reporters.”As Stanley Ho’s family member, we are really sad to inform you of this.”
- Ho dominated the casino business in the former Portuguese colony of Macau after winning a government monopoly licence in the 1960s.
- As his fortune grew, he expanded beyond Macau, building residential and office buildings in Hong Kong as well as operating casinos in…..Click Here to Read More
Padma Shri awardee, Urdu writer Mujtaba Hussain passes away aged 83
- Renowned Urdu writer and satirist Mujtaba Hussain, who had returned the Padma Shri award to the union government last year, passed away at his residence here on Wednesday after a cardiac arrest, family sources said.
- He was 83 and is survived by his wife, two sons and two daughters.
- Hussain had been bed ridden for the last five months due to old-age related and other problems and the end came on Wednesday morning after he suffered a cardiac arrest, his elder son Hadi Hussain told reporters.
- Hussain was awarded the Padma Shri, the fourth…..Click Here to Read More
Former Tamil Nadu footballer Shanmugam passes away at 77
- Former Tamil Nadu football player and coach R Shanmugam passed away here on Saturday due to age-related illness.
- He was 77 and is survived by two sons and a daughter.
- Shanmugam, who was born in Burma (now Myanmar) in 1943, had represented the Burmese junior and senior national teams in 1966-’67.
- According to B Ravikumar David, former General Secretary of Tamil Nadu Football Association, Shanmugam had played for Indian Railways…..Click Here to Read More
Current Affairs Today
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