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Current Affairs 22nd March 2020

1. RBI names R Gandhi, Ananth Gopalkrishnan additional directors on YES Bank Board
  • For a period of two years.
  • Prashant Kumar was earlier appointed as CEO & MD of Yes Bank
  • SBI is biggest investor in YES Bank via reconstruction scheme
2. 15th Finance Commission constitutes committee to review fiscal consolidation roadmap
  • The committee, to be headed by chairman of the FC, NK Singh, will recommend a debt & fiscal consolidation roadmap for FY 2021-25 for the government
  • Debt is the accumulation of years of deficit.
3. India extends Covid assistance worth $ 1 million under SAARC emergency fund
  • India, within days of Modi’s announcement of creation of $10 million SAARC Emergency Fund to fight Covid-19,
  • India has supplied various medical supplies, testing equipment and other items to Maldives, Sri Lanka, Afghanistan, Nepal, Bangladesh and Sri Lanka.
  • MEA has a team of 75 officials working in HQ for Covid cell
4. SBI to provide lifeline emergency credit to coronavirus-hit borrowers
  • Loans to be granted at 7.25% p.a. fixed rate.
  • The ad-hoc loan facility named – COVID 19 Emergency Credit Line is aimed at meeting temporary liquidity mismatch
  • Maximum loan that could be availed under it is Rs 200 crores
5. Pilot shopping festival planned in FY21: Smriti Irani
  • The festival will organised at Bengaluru in 2020-21,
  • Which will subsequently be organized in other cities
  • Focusing on various sectors including gems & jewellery, textiles and Ayurvedic products.
  • GoI allotted Rs 1,480 Cr to National Technical Textiles Mission
6. French Language Day is observed on 20th March every year
  • Established in 2010 by the United Nations’ Department of Public Information, the UN’s goal was to honour multilingualism, cultural diversity, & supports equal usage of its 6 official languages
  • Approximately 45% of English words have a French origin
7. 10 earth-observing satellites among 36 missions lined up by ISRO for FY21
  • Besides 10 earth observation satellites, the space agency lined up 3 communication satellites,
  • 3 space science satellite,
  • 2 navigation satellite, and
  • 1 technology demonstration satellite.
  • Gaganyaan (unmanned) is also part of ISRO’s mission for 2020-21.
8. Government says Rs 6.16 lakh Cr investment approved under PMAY(U)
  • Mantri Awas Yojana (Urban) or PMAY(U) provides houses to economically weaker sections in urban areas.
  • Minister of Housing & Urban Affairs & Civil Aviation : Hardeep Singh Puri 
9. Ex-SBI chief Arundhati Bhattacharya resigns from CRISIL board
  • She became the CEO of Salesforce recently.
10. Ashok Leyland to buy 19% additional stake in HLFL for up to Rs 1,200 Cr
  • HLFL = Hinduja Leyland Finance Ltd, a subsidiary company, from the existing shareholders, in tranches.
  • It is for a consideration not exceeding Rs 1,200 Cr.
11. J&K announces Rs 5 Lakhs free health insurance for residents
  • Under the chairmanship of  LG Girish Chander Murmu sanctioned to roll out the J&K Health Scheme to provide free of cost Health Coverage to all residents under Ayushman Bharat-PMJAY.
  • 1.25 crore residents of J&K will be provided the same benefits.
12. Odisha’s Konark sun temple & Statue of Unity in Gujarat finds place in iconic tourism sites list
  • According to the Union Minister of State (I/C) for tourism & culture, Prahlad Singh Patel,
  • the central government has included grand Konark Sun Temple, the UNESCO world heritage site in Odisha & Statue of Unity in Gujarat in the Iconic Tourist Sites list.
13. World Cities Summit 2020 to be held in Singapore from July 5 to 9
  • The World Cities Summit (WCS) is an exclusive platform held biennially in Singapore.
  • The summit brings together government leaders and industry experts from around the world.
  • Theme of WCS- 2020 is = ‘Livable and Sustainable Cities: Adapting to a Disrupted World’.
  • UP CM Yogi Adityanath has been invited for the WCS.



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