Current Affairs Today 29 May 2020
Hello Aspirants, Here we provide the important and Latest Current Affairs Today 29 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 29 May 2020
National News
CIPET renamed as Central Institute of Petrochemicals Engineering &Technology
- Central Institute of Plastics Engineering and Technology (CIPET) has been renamed as Central Institute of Petrochemicals Engineering and Technology (CIPET), a premier national institution under the Ministry of Chemicals and Fertilizers, Government of India.
- The changed name has been registered under the Tamil Nadu Societies Registration Act 1975 ( Tamil Nadu Act 27 of 1975), a statement from the Ministry of Chemicals and Fertilizers said.
- Union Minister for Chemicals and Fertilizers…..Click Here to Read More
Government to withdraw 7.75% Savings (Taxable) Bonds scheme
- The government has decided to withdraw 7.75% Savings (Taxable) Bonds scheme from the close of banking business on Thursday due to declining interest rates.
- The scheme, commonly known as RBI Bonds or GOI bonds, is popular among retail investors who looking for safety of principal and a regular income. NRIs, however, are not eligible for making investments in these bonds.
- “The Government of India, hereby notifies that the 7.75% Savings (Taxable) Bonds, 2018…shall cease for subscription with effect from the…..Click Here to Read More
International News
Due to Covid-19 Impact – 672 Million Children will be trapped in the Poverty by the end of 2020
- The economic fallout of the COVID-19 pandemic could push up to 86 million more children into household poverty by the end of 2020, an increase of 15 per cent, according to a new analysis released today by Save the Children and UNICEF.
- The analysis highlights that, without urgent action to protect families from the financial hardships caused by the pandemic, the total number of children living below the national poverty line in low- and middle-income countries could reach 672 million by year-end. Nearly two-thirds of these children live in sub-Saharan Africa and South Asia.
- Countries across Europe and Central Asia could see the most significant increase, up to 44 per cent across the region. Latin America…..Click Here to Read More
Business News
ADB, India sign US $ 177 million loan deal to upgrade roads in Maharashtra
- The Asian Development Bank (ADB) and the Government of India today signed a $177 million loan to upgrade 450 kilometers (km) of state highways and major district roads in the state of Maharashtra.
- The project is expected to improve connectivity between rural areas and urban centers in the state enabling rural communities to better access markets, employment opportunities and services.
- Improved mobility will expand development and livelihood opportunities outside of the state’s major urban centers to second-tier…..Click Here to Read More
Vakrangee ties up with LIC for micro insurance products
- Vakrangee announced Corporate Agency (Registration Code CA0249) tie up with Life Insurance Corporation of India (LIC) to distribute Micro Insurance products through Nextgen Vakrangee Kendra network.
- Tie-up with Life Insurance Corporation of India, which has a strong product portfolio with adequate and flexible products to cater to all kinds of customer needs will support especially in unserved and underserved areas.
- Vakrangee shall provide the Solicitation and sale of the LIC’s micro insurance products. Further it also includes, Follow up for Collection and remittance…..Click Here to Read More
HIL Ltd to supply 25 tonnes of pesticides to Iran to control locust invasion
- HIL Ltd will supply 25 tonnes of pesticides to Iran to control locust.
- Tie-up with Life Insurance Corporation of India, which has a strong product portfolio with adequate and flexible products to cater to all kinds of customer needs will support especially in unserved and underserved areas.
- “HIL is now in the process of production and supply of 25 tonnes Malathion Technical for supply to locust control programme to Iran under Government to Government arrangement,” an official statement said.
- The External Affairs ministry has approached HIL for manufacturing and supply of this commodity to Iran.
- Despite logistics and other challenges posed…..Click Here to Read More
Indian economy likely to contract 5% in FY21 – S&P Global Ratings
- Global ratings agency S&P on Thursday lowered its growth forecast for India for the current fiscal and estimates the economy to contract 5%, sharply down from its April projection of 1.8% growth.
- S&P attributed the contraction to the impact of the lockdown. “The pandemic in India and two months of lockdown have led to a sudden stop in the economy. That means growth will contract sharply in this fiscal year. Economic activity will face ongoing disruption over the next year as the country transitions to a post-Covid-19 world.
- S&P Global Ratings expects varying degrees of containment measures and economic resumption across India during this transition…..Click Here to Read More
Appointments
Zomato elevates food-delivery CEO Mohit Gupta as Founder
- Food ordering platform Zomato has elevated Mohit Gupta, the CEO of its food delivery business by making him a co-founder.
- Deepinder Goyal, cofounder and chief executive of Zomato, said: “While the foundation of Zomato was built before Mohit Gupta joined us, he has been instrumental in significantly strengthening it over the last two years…When I introduced the Founders Programme a little over a year ago, I outlined a few qualities that all founders must exhibit.
- Gupta had joined Zomato in 2018, from online travel portal MakeMyTrip where he was serving as the chief operating officer.
- “MG (Mohit Gupta) is very committed towards building…..Click Here to Read More
Brazil’s Marcos Troyjo is NDB’s new President, India’s Anil Kishora is VP
- Marcos Prado Troyjo, former deputy economy minister of Brazil will replace KV Kamath as the president of the New Development Bank’s (NDB), a multilateral financial institution set up to mobilise resources for infrastructure and sustainable development projects in BRICS and other emerging economies, according to an official statement.
- The board of governors also appointed Anil Kishora, an Indian, as vice president of the NDB. Kishora, a banker, has 38 years of experience at India’s largest bank, State Bank of India (SBI).
- Before joining the NDB, he worked as the deputy managing director……….Click Here to Read More
IOC appoints Narinder Batra as member of Olympic Channel Commission
- Indian Olympic Association (IOA) president Narinder Batra has been appointed as a member of the Olympic Channel Commission.
- In a letter to International Olympic Committee president Thomas Bach, Batra, who had become an IOC member in June last year, expressed his gratitude after being selected for the role.
- “I am deeply honoured and thankful to be appointed as a Member of the Olympic Channel Commission and happily accept this…..Click Here to Read More
JPMorgan’s Kalpana Morparia set to retire, Leo Puri to take over
- Kalpana Morparia (pictured), chairman of JP Morgan South Asia and South East Asia, plans to hang up her boots by early next year. Leo Puri, former chief executive officer (CEO) of UTI Mutual Fund, will replace her.
- The global banking major said in a statement Morparia, 72, had expressed her desire to retire, but agreed to stay until Q1 2021.She would oversee the smooth transition of her India, and South and South East Asia responsibilities.
- Murali Maiya will become the new CEO for South and South East Asia…..Click Here to Read More
Important Days
World Hunger Day 2020 – Significance of World Hunger Day
- As we observe the World Hunger Day on May 28 amidst the pandemic’s onslaught, it is time to revisit the structural challenges behind this human crisis. According to the United Nations website, till 2015 the number of people suffering from hunger was falling consistently and has only risen after the passage of that period.
- Nearly 135 million people also face chronic hunger owing to calamities caused by armed conflict and climate change. The World Food Programme predicts the current statistic of 135 million could go up by another 130 million…..Click Here to Read More
Current Affairs Today
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