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Current Affairs 16 May 2020

Current Affairs 16 May 2020

Dear aspirants, to crack any type of competitive examination current affairs plays a significant role and for that we are providing daily important news that are most important for your examination. So we are here for you to provide the important Recent and Latest Current Affairs 16 May 2020.

Current Affairs 16 May 2020 includes all newspapers such as The Hindu, The Economic Times, Business Standard, Times of India, PTI, Indian Express, and all Government official websites.

Current Affairs 16 May 2020
1. Armed Forces Day (Third Saturday of the May)
  • Armed Forces Day is celebrated on the third Saturday of every May.
  • This day is celebrated to pay tribute to the men and women who served the United States Armed Forces.
Current Affairs 16 May 2020
2. FM announces second tranche of economic stimulus for farmers, migrant workers, traders
  • This is under the Atma-Nirbhar Bharat, Self-reliant India campaign.
  • It is expected to benefit 8 cr. migrant workers.
  • One Nation One Ration Card to be fully operational by Mar 2021.
Current Affairs 16 May 2020
3. 2% interest subvention on smallest category of MUDRA-Shishu loans
  • FM announced Rs 1500 crore interest subvention for MUDRA-Shishu loan payees of up to Rs 50,000, for a period of 12 months as part of the stimulus package given by the Centre.
  • Government to provide interest subvention of 2% for prompt payees of the loan.
  • This could cost the government at least Rs 1500 crore annually.
Current Affairs 16 May 2020
4. Dr Harsh Vardhan participates in 32nd Commonwealth Health Ministers’ meeting via VC
  • He highlighted the pro-active measures taken by India towards COVID-19 management.
  • The theme was “Delivering a co-ordinated Commonwealth COVID-19 response”.
  • There are 54 member countries in the commonwealth.
Current Affairs 16 May 2020
5. EAM Jaishankar participates in SCO video conference on COVID-19
  • External Affairs Minister S. Jaishankar participated in a virtual conference of Foreign Ministers Shanghai Cooperation Organisation (SCO) hosted by Russia.
  • Member states insisted on the collective action against the terrorism and the security challenges.
  • Secretary-General of SCO : Vladimir Norov.
Current Affairs 16 May 2020
6. Deforestation rate globally declined between 2015 and 2020: FAO report
  • The rate of forest loss in 2015-2020 declined to an estimated 10 million hectares (MHA).
  • Down from 12 MHA in 2010-2015, according to Global Forest Resources Assessment 2020 (FRA).
  • It was released by the United Nations Food and Agriculture Organization.
  • World’s total forest area is 4.06 bha, which is 31% of the total land area.
Current Affairs 16 May 2020
7. Ericsson Educate: digital learning program for students launched
  • Ericsson joined the UNESCO-led Global Education Coalition & launched its latest Connect to Learn initiative.
  • Ericsson Educate is a digital program delivering online learning content focused on improving digital skills for students in schools and universities.
  • UNESCO Headquarters : Paris, France.
Current Affairs 16 May 2020
8. Gujarat govt forms six-member committee to revive post-CoVID economy
  • Gujarat is the most Industrialised state in India.
  • The committee consists of 6 members.
  • Committee is headed by former finance secretary, Hasmukh Adhia.
Current Affairs 16 May 2020
9. Gujarat CM announces Atma-Nirbhar Gujarat Sahay Yojana
  • Gujarat announced Atma-Nirbhar Gujarat Sahay Yojana, a scheme for small shop keepers and self-employed hit by the lockdown.
  • Under the scheme, Rs. 1 lakh collateral-free loan will be given at two per cent for the beneficiaries for three years.
  • Over 10 lakh self-employed & shop keepers to be benefited.
Current Affairs 16 May 2020
10. West Bengal govt launches Matir Smristi scheme
  • Under the scheme, 50,000 acres of barren land in six districts to be utilised for income-generating activities like horticulture and pisciculture.
  • The scheme will benefit around 2.5 lakh people in rural Bengal.
  • Governor of West Bengal: Jagdeep Dhankhar.
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11. RBI extends interest subsidy scheme for exporters till March 31, 2021
  • Exporters get the subsidy under the ‘Interest Equalisation Scheme for pre and Post Shipment Rupee Export Credit’.
  • The scheme announced in November 2018 & this applies to all exports to the MSME sector.
  • It has been extended till March 31, 2021.
  • Federation of Indian Export Organisations (FIEO) DG : Ajay Sahai.
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12. Federal Bank, MoneyGram tie up for direct-to-bank account credit service
  • MoneyGram Payment Systems has tied up with Federal Bank to offer a cost-effective direct-to-bank account credit option for customers.
  • Through this partnership, customers can receive deposits directly in their bank accounts without leaving their homes.
  • Federal Bank has over 15% share of country’s remittance market.
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13. Vice Admiral GM Hiranandani Memorial Rolling Trophy 2020
  • Lieutenant commander Akshay Kumar of Anti-Submarine Warfare School of Southern Naval Command (SNC) at Kochi was awarded the coveted Vice Admiral GM Hiranandani Memorial Rolling Award for the year 2020.
  • The trophy was instituted in the year 2013.
  • Chief of the Indian Naval Staff : Admiral Karambir Singh.
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14. Roberto Azevêdo quits as WTO chief a year early
  • Roberto Azevedo, the Head of the World Trade Organization (WTO), has decided to resign, a year before his term expires.
  • He is a former diplomat from Brazil.
  • He has been the Director-General of WTO since September 2103 and will step down on August 31st.
  • WTO’s function is to help negotiate multilateral trade deals.
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15. Kerala launches portal for non-residents to book cabs for home
  • Kerala Tourism launched an online platform to enable non-residents Keralites to book vehicles of tour operators to travel back to the state.
  • Keralites stranded in other parts of the country can submit enquiries through the department’s website.
  • Kerala CM : Pinarayi Vijayan.
  • Governor : Arif Mohammad Khan.
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16. Tencent launches video conferencing app VooV Meeting in India
  • China’s Tencent launched VooV Meeting, a Zoom-like video conferencing platform with advanced features across Apple App Store and Google Play in more than 100 countries.
  • The app allows attendees a duration per meeting of 9999 minutes without any charges.
  • The platform supports up to 25 attendees at a time.
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17. The last news of Current Affairs 16 May 2020 is : Professional sumo wrestler Shobushi dies at 28 after contracting Covid-19
  • The Japan Sumo Association (JSA) confirmed the death of wrestler as Shobushi, whose real name was Kiyotaka Suetake.
  • He is reported to have been the first sumo wrestler to die from the virus, and the first person in his 20s to die in Japan from Covid-19.
  • Japan Sumo Association (JSA) chairman : Hakkaku.

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