President Ram Nath Kovind and Prime Minister Narendra Modi exchanged messages of felicitations with their Chinese counterparts on the occasion the 70th Anniversary of the establishment of Diplomatic Relations between the two countries.
India is first non-Communist country in Asia to establish ties.
Railways is preparing more than three lakh isolation beds for which work has been started to modify 20 thousand coaches. Five thousand coaches are already being modified which will provide 80 thousand isolation beds. One coach is expected to have 16 beds.
India has only 0.7 beds/1000 people and has targeted for 2/1000.
The government has set up a National Monitoring Dashboard where COVID-19 related grievances received in Centralized Public Grievance Redress and Monitoring System with all ministries, departments, states and UTs are monitored on a priority basis.
DARPG Department of Administrative Reforms and Public Grievances
Launching a report titled "Shared Responsibility, Global Solidarity: Responding to the Socio-Economic Impacts of COVID-19" UN Sect Gen called the pandemic a ‘human crisis’ and the most challenging since WWII and that the pandemic will lead to a recession.
UN has called for a $2.5 trillion rescue package.
UN's COP26 climate change summit due to take place in Glasgow in November has been postponed. Global CO2 emissions needed to drop 45% by 2030 and reach net zero by 2050, to limit temperature rise to a safe cap of 1.5̊ C set as a goal in the Paris accord.
UN Climate Change - Executive Secretary Patricia Espinosa.
The gross GST revenue collected in the month of March 2020 is Rs. 97,597crore falling way short of Rs 1.15 lakh crore target. Gross GST revenue for the month was 8% lower than that of March 19. GST collection grew by 3.7% in FY19.
Goods and Service Tax is an indirect tax and was passed in Mar17
RBI decided to increase the WMA limit for states and UTs by 30% till September 30 & allowed exporters six months extra to realise their export proceeds. Also, banks don’t need to activate countercyclical capital (CCyB) buffers for one more year.
WMA was introduced to meet mismatches in the receipts & payments
Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) has developed a one-step curable anti-microbial covalent coating which when coated on different surfaces such as textile, plastic & so on could kill a range of virus types including COVID 19
It can be synthesized in large scale via Contract Research Org.
Digital Payments Platform PhonePe tied up with Bajaj Allianz General Life Insurance & announced the launch of insurance policy ‘CORONA CARE’ for hospitalisation of those with COVID-19. The policy has an insurance cover of ₹50,000 for persons under 55 years
Payments Bank cannot provide loans to its customers.
Canara Bank appointed Krishnan S as its executive director after its merger with Syndicate Bank. He held the same portfolio at Syndicate Bank since November 2017. Lingam Venkat Prabhakar is the MD and CEO.
Canara Bank HQ: Bangalore
Tagline: Together We can
Wimbledon, the oldest Grand Slam tennis tournament, has been cancelled for the first time since World War-II, confirmed the Tournament Organiser, All England Club. The tournament was due to be played between 29 June & 12 July.
2019 Wimbledon Winner – Novak Djokovic
Sundaram Finance has announced the appointment of D Laxminarayan as the MD of its wholly-owned subsidiary, Sundaram Home Finance. He will take over from Srinivas Acharya. In FY 19 the company posted a total income of ₹1006 cr. & a net profit of ₹145 cr.
Sundaram Finance Headquarters – Chennai, Tamil Nadu.
RBI asked private sector and foreign banks to intimate it 6 month in advance in cases of re-appointment of MD and chief executives as against the present practice of 4 months Also proposals for appointment. of new MD and CEO should contain at least 2 names
The revised format is aligned to requirements of Companies Act.
World Autism Awareness Day (WAAD) is observed every year on 2 April in order to raise public awareness of autism. First WAAD was celebrated in 2008. It highlights the need to help and improve the quality of life of those with autism.
The theme for WAAD 2020 - "The Transition to Adulthood".
The manufacturing Purchasing Managers’ Index (PMI) for India declined to 51.8 in March from 54.5 in February. A figure above 50 indicates expansion, while a sub-50 print signals contraction.
The most common PMI surveys are the manufacturing PMI & services
CBSE has introduced ‘Applied Mathematics’ as a new academic elective from the current academic year for Class XI. The course is designed to enhance the knowledge and skills of Mathematics that are required in different fields.
Chairperson of CBSE: Anita Karwal
The Olympic Council of Asia(OCA) announced that China will host the third edition of the Asian Youth Games in Shantou from November 20-28 next year.The 2021 Asian Youth Games will have 18 sports.The Asian Youth Games were first held in Singapore in 2011.
OCA director-general : Husain Al Musallam.