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Current Affairs 18th April 2020

1. PayTm General Insurance names Vineet Arora as its MD, CEO
  • Arora served as the MD, CEO of Aegon Life Insurance Company.
  • He will lead the efforts to provide industry-leading solutions.
2. MNRE appoints IREDA to handle its CPSU Scheme II
  • Which is aimed at setting up of 12,000MW grid-connected solar PV power projects with Viability Gap Funding support
  • MNRE = Ministry of New and Renewable Energy
  • IREDA = Indian Renewable Energy Development Agency
  • SPSU = central public sector undertaking
  • VGF – One-time grant to support infrastructure projects.
3. Centre releases Rs 7,300 cr. to states & UTs under MGNREGA
  • MGNREGA = Mahatma Gandhi National Rural Employment Guarantee Act
  • Also, under PM Awaas Yojna (Gramin) Rs 800 cr has been released to the states.
  • Rural Development Minister : Narendra Singh Tomar.
4. South Korea’s ruling party wins an absolute majority in parliamentary elections
  • In South Korea, President Moon Jae-In’s left-leaning party won an absolute majority in Parliamentary elections.
  • South Korea Capital : Seoul.
  • Currency : South Korean Won.
5. IL & FS sells entire stake in IWPSL to ORIX Corp for Rs 6.05 cr.
  • IL & FS = Infrastructure Leasing & Financial Services
  • It sold its 100% stake in IL&FS Wind Power Services Ltd(IWPSL) to Orix Corporation of Japan for Rs 6.05 cr.
  • IWPSL is a wholly-owned subsidiary of  IL&FS Energy Development Company.
  • IWPSL, classified as a ‘green company’ has no outstanding debt.
6. Weightlifting: IWF President Ajan resigns during corruption investigation
  • Tamas Ajan has resigned as President of the International Weightlifting Federation during an ongoing corruption investigation.
  • Ajan, from Hungary, has been serving as the President for 20 years.
  • Ursula Papandrea, first woman to lead IWF, is Acting President.
7. Mascot for Hangzhou 2022 Asian Para Games unveiled
  • The Mascot for the 4th Asian Para Games starting in October was unveiled.
  • The design of ‘FeiFei’ is inspired by the motif of the Divine Bird in the Liangzhu culture.
  • It is also viewed as a messenger of joy and cultural distinction.
  • The Para Games will be held in October featuring 22 sports.
8. Viswanathan Anand named ambassador for WWF India
  • WWF = World Wide Fund
  • WWF is India’s Environment Education Programme.
  • Environment Education reaches out to children & citizens to create environmentally conscious children.
  • It impacts over 5 million children across 2000 schools.
9. Rohit Sharma becomes Dubai-based coaching academy’s brand ambassador
  • It has Mumbai medium pacer Dhawal Kulkarni as one of its mentors
10. HDFC Bank launches safety grid campaign to reiterate Social Distancing
  • HDFC Bank launched #HDFCBankSafetyGrid
  • To reinforce #SocialDistancing.
  • Using the outer grid, the bank has created physical markers on the ground to help maintain Social distancing while waiting in a queue at a shop.
  • HDFC Bank CEO : Aditya Puri.
11. Kotak Mahindra Bank joins the list of banks providing ‘ATM on Wheels’ Service
  • Joining a series of other banks such as HDFC, Axis, ICICI, Kotak Mahindra Bank announced the launch of its first ‘ATM on Wheels’ service.
  • This will bring cash withdrawal facility to various neighbourhoods.
  • It is presently operational in Mumbai.
  • Kotak Mahindra Bank CEO : Uday Kotak.
  • HQ: Mumbai.
12. SBI sees FY21 real GDP growth at 1.1%
  • SBI Head Office : Mumbai.
13. Asia expected to witness 0% growth in 2020:IMF
  • In IMF’s blog titled ‘COVID-19 Pandemic and the Asia-Pacific Region: Lowest Growth since the 1960s.
  • It has noted that Asia is expected to witness 0% growth in 2020.
  • This is the worst performance in almost 60 years.
  • Asia to fare better than other regions in terms of activity : IMF.
14. CeNS to develop a compact solid-state sensor to detect the heavy metal ions in water
  • CeNS = Centre for Nano and Soft Matter Sciences
  • CeNS developed a portable device which can help onsite detection of heavy metal ions in remote areas.
  • It can detect lead ions down to 0.4 parts per billion (ppb) for onsite detection.
  • CeNS is located in Bangalore, Karnataka.
15. Veteran Actor Ranjit Choudhry dies in the US
  • Veteran Actor, Ranjeet Choudhry died in the US.
  • He was a part of Hindi Classic movies like Khubsoorat, Khatta Meetha, etc.
  • He was also a part of popular American Drama Prison Break.
  • Ranjit’s last Bollywood film was Kaante.



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