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Current Affairs 23rd March 2020

1. Georgia declares nationwide emergency over Novel Coronavirus pandemic
  • The Black Sea nation of some 3.7 million people has so far reported 48 cases of COVID-19,
  • 2,000 people are under quarantine.
  • Georgia : President Salome Zurabishvili ,
  • PM : Giorgi Gakharia.
2. SEBI takes measures to check short selling, curb volatility
  • SEBI = Security and Exchange Board of India
  • SEBI lowered the limit of positions that can be taken in the futures & options market,
  • It increased margin requirements and capped derivatives exposure.
  • SEBI’s measures are largely to curb extreme volatility in individual stocks and index derivatives segment.
  • SEBI, Headquarters:Mumbai
3. RBI opens ₹60,000-crore emergency credit line for Yes Bank
  • To meet any liquidity crisis in paying back its depositors.
  • The move comes after 16 years when a similar credit line was opened for Global Trust Bank in 2004.
  • Additional liquidity, under Section 17 (4) of the RBI Act.
4. Romesh Sobti to have advisory role at IndusInd Bank
  • He will hold the post after retirement on March 24.
  • Sobti took over as IndusInd Bank CEO at the end of 2007 after serving as the head of ABN Amro in India.
  • Sumant Kathpalia newly appointed CEO of IndusInd Bank.
5. Afghanistan, Maldives pledge to contribute USD 1.2 million to SAARC Corona Emergency Fund
  • South Asian Association for Regional Cooperation (SAARC).
6. Cabinet approves scheme to make India electronic manufacturing hub
  • Cabinet approved 3 schemes for the hub.
  • Attract fresh investments worth at least ₹50,000 cr. in the sector.
  • Funds allocated are to be used over 5 yrs.
  • Scheme has the potential of creating 8,00,00 direct & indirect jobs.
  • Electronics & information technology min. : Ravi Shankar Prasad.
7. RBI extends restrictions on PMC Bank for three more months
  • PMC = Punjab and Maharashtra Cooperative Bank.
  • The validity of directive dated 23 September, 2019, stands modified from 23 March, 2020 to 22 June, 2020.
  • J B Bhoria, administrator of PMC Bank.
8. MyGov Corona Helpdesk launched on Whatsapp to provide COVID-19 information
  • Government launched an official chatbot on popular instant messaging application WhatsApp.
  • The person in need is only required to save the number – 9013151515 in their contact list and send a message to the MyGov Corona Helpdesk.
  • launched on : 26 July 2014.
9. Cabinet approves relaunch of bulk drug park scheme
  • Scheme to set up 3 bulk drug parks and 4 medical device parks for a total outlay of ₹3,400 cr.over 5 years.
  • Bulk drug and medical devices park schemes were first suggested in Feb. 2015
  • By a committee headed by V.M. Katoch.
  • Chemicals minister : D.V. Sadananda Gowda.
10. Government announces a production-linked incentive scheme (2) to boost domestic manufacturing
  • Domestic manufacturing of critical key starting materials (KSMs), drug intermediates and active pharmaceutical ingredients (APIs).
  • PLI scheme would have a financial implication of ₹6,940 crore.
  • China supplies, 2/3rd of India’s pharmaceutical raw materials.
11. Yogi Adityanath announces relief measures for UP’s daily wage earners
  • Rs 1,000 would be provided to each of the 20.37 lakh construction workers
  • Who are registered with the labour department &
  • And to each of the 15 lakh self employed cart owners, small shop owners and rickshaw pullers.
  • Anandiben Patel,current Governor of Uttar Pradesh.
12. Jammu and Kashmir approves adoption of IT/ITeS policy
  • Administrative Council headed by Lt Governor accorded approval to the adoption of J-K IT/ITeS policy.
  • The policy provides for creation and up-gradation of IT infrastructure
  • To meet existing & future needs of the Union Territory in e-governance among others.
  • Jammu and Kashmir, Lt Governor : G C Murmu.
13. Legendary country music singer Kenny Rogers dies at 81
  • Kenny Rogers, best known for global hits such as “Lucille”, “Lady”, “The Gambler” and “Islands in the Stream”.
  • He had his 1st gold single with a song called “That Crazy Feeling” under the name Kenneth Rogers.
  • Rogers won three Grammys and six CMA Awards.
14. World Water Day 2020 – Water and Climate Change
  • Focusing attention on the importance of water.
  • Theme = ‘Water and Climate Change’,
  • Water is our most precious resource-we must use more responsibly.
  • For first time World water day held on 22 March 1993.



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