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Current Affairs 19 May 2020

Current Affairs 19 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 19 May 2020.

Current Affairs 19 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 19 May 2020
1. ‘Wuhan Diary’: Book Offers Eyewitness’ Account of Life Amid COVID-19 Outbreak
  • An eyewitness account of events as they unfolded in Wuhan is now available as an e-book.
  • The book called ‘Wuhan Diary: Dispatches from a Quarantined City’ is a compilation of online diary entries and social media posts by Chinese Literary writer Fang Fang.
  • It captures the challenges of daily life of being quarantined.
Current Affairs 19 May 2020
2. Rajnath Singh approves Rs 400-crore defence testing infrastructure scheme
  • To provide private sector defence and aerospace companies affordable facilities to test and validate weaponry they are designing for.
  • Each project to receive 75% of its cost as government funding.
Current Affairs 19 May 2020
3. Finance Minister announces fifth and final tranche of Atma-Nirbhar Bharat Package
  • FM outlined structural reforms with focus on seven areas of MNREGA, Health and Education, Business during CoVID, Decriminalisation of Company Act, Ease of doing business, Policy related to Public Sector Units, State government and resources related to it.
  • An additional Rs 40,000 crore will be allocated under MNREGA.
Current Affairs 19 May 2020
4. India’s Ultra Mega Solar Parks a $700-bn investment opportunity
  • India’s ultra-mega solar parks have attracted foreign capital and provided investors with an opportunity to join.
  • A $500-700 billion renewable energy and grid infrastructure investment boom in the coming decade, according to the latest report by IEEFA.
  • Govt set target to install 175 GW of renewable energy by FY22.
Current Affairs 19 May 2020
5. Madhya Pradesh launches Charan Paduka initiative for migrant labourers
  • In Madhya Pradesh, in a first of its kind of initiative, Charan Paduka campaign has been started for the migrant labourers passing through the state.
  • Under this, migrant labourers going barefoot are providing shoes and slippers to reduce their pain.
  • This campaign is being conducted by the police in most places.
Current Affairs 19 May 2020
6. Centre, West Bengal govt, AIIB ink loan agreement for $145 mn project
  • To improve irrigation services and flood management in the Damodar Valley Command Area (DVCA) in West Bengal.
  • Total value – $413.8 million financed by AIIB, IBRD & WB Govt.
Current Affairs 19 May 2020
7. NABARD sanctions Rs 1,500 cr for Punjab to ensure credit flow to farmers
  • The fund will transfer through state cooperative banks.
  • This is part of NABARD’s Rs 25,000 crore nationwide SLF, made available ensure the flow of credit to farmers during the pandemic.
  • Chairperson of NABARD : Harsh Kumar Bhanwala.
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8. Zubair Iqbal appointed MD J-K Bank, Chibber to continue as chairman
  • The Jammu and Kashmir administration approved the appointment of senior vice president of HDFC Bank Zubair Iqbal as its new managing director with three-year tenure.
  • R K Chibber will continue as the bank’s chairman for the next three years.
  • Headquarters of Jammu & Kashmir Bank : Srinagar.
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9. GCPL acquires balance 25% stake in Kenya-based Canon Chemicals
  • FMCG major Godrej Consumer Products Ltd (GCPL) announced the acquisition of the balance 25% stake in Kenya-based Canon Chemicals Ltd for an undisclosed sum.
  • FMCG = Fast-Moving Consumer Goods
  • Through this transaction, Canon Chemicals would now be a wholly-owned subsidiary of the company.
  • Godrej Group firm had earlier acquired 75% stake in the company.
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10. GA to invest ₹6,598.38 cr. for 1.34% stake in Jio Platforms
  • General Atlantic, a leading global growth equity firm, has agreed to invest ₹6598.38 crores in Jio Platforms Ltd for a 1.34% stake, valuing the company at ₹5.16 lakh crore.
  • With this Jio Platforms raised ₹67194.75 crores from leading technology investors.
  • CEO of General Atlantic : Bill Ford.
  • Headquarters : New York, USA.
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11. The last important news of Current Affairs 19 May 2020 is : CSIR joins hands with IIIT-H and Intel
  • CSIR is working with Intel India and IIIT, Hyderabad to help achieve faster and less expensive COVID-19 testing and coronavirus genome sequencing.
  • To understand the epidemiology and AI-based risk stratification for patients with co-morbidities.
  • CSIR = Council of Scientific and Industrial Research.
  • Intel Headquarters : California, USA.

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