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Current Affairs 24 May 2020

Current Affairs 24 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 24 May 2020.

Current Affairs 24 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 24 May 2020
1. Commonwealth Day
  • Commonwealth Day, replacing the former Empire Day, is the annual celebration of the Commonwealth of Nations.
  • 2020 Theme : Delivering a Common Future
Current Affairs 24 May 2020
2. Delhi HC judge Sangita Dhingra Sehgal named president of Delhi State Consumer Commission
  • The retirement age of a high court judge is 62 years.
Current Affairs 24 May 2020
3. Govinda Rajulu Chintala appointed NABARD chairman
  • The Appointments Committee of the cabinet cleared Chintala’s appointment for 2 years.
  • Chintala – currently CGM at NABARD.
  • It also cleared the appointment of Shaji KV as Deputy Managing Director at NABARD for 5 years.
  • Shaji KV – currently General Manager at Canara Bank,
  • NABARD = National Bank for Agriculture and Rural Development.
Current Affairs 24 May 2020
4. RBI cuts repo rate by 40 bps to 4 per cent
  • Also reduces the reverse repo rate at 3.35 per cent to maintain accommodative stance.
  • The six-member Monetary Policy Committee voted 5:1 in favour of 40 bps cut in interest rate.
  • RBI to extend 15,000 crore rupee line of credit to EXIM Bank.
Current Affairs 24 May 2020
5. ONGC and NTPC to Form JV for Renewable Energy Business
  • This will enable both companies to achieve their targets in renewable energy sector.
  • ONGC CEO: Shashi Shankar.
  • NTPC Chief : Gurdeep Singh.
Current Affairs 24 May 2020
6. HRD Min Launches CBSE handbooks on Cybersecurity for Students, 21st Century Skills
  • Union HRD Minister Ramesh Nishank released three handbooks – ‘Cyber safety – A handbook for students’, ‘In pursuit of Excellence’ and ‘21st Century skills’.
  • Ramesh ‘Pokhriyal’ Nishank Constituency : Haridwar, Uttarakhand.
Current Affairs 24 May 2020
7. Centre clears OIL plans for drilling in Assam’s Dibru Saikhowa Park
  • Drilling in Dibru Saikhowa National Park in Assam as part of Centre’s target to reduce 10% imports & Northeast Vision 2030.
  • It houses 36 different species & is a major tourist attraction.
Current Affairs 24 May 2020
8. IIT Guwahati discovers new ways to prevent memory loss due to Alzheimer
  • They explored ways to prevent accumulation of neurotoxic molecules in brain associated with short-term memory loss.
  • It can help prevent or reduce short-term memory losses.
  • India has 3rd highest number of patients after China and the US.
Current Affairs 24 May 2020
9. US to withdraw from Open Skies Treaty
  • It is the third arms control pact Trump has abrogated since coming to office.
  • This 18-year-old pact was designed to improve military transparency & confidence between superpowers.
  • Including Russia & United States, the treaty has 35 signatories.
Current Affairs 24 May 2020
10. HDFC Bank launches special FD scheme for senior citizens
  • Name of the scheme is ‘Senior Citizen Care FD’.
  • According to this scheme, the bank is offering an additional 75 basis points for deposits with more than 5-year tenors with investments up to Rs 5 crore.
  • HDFC bank CEO : Aditya Puri.
Current Affairs 24 May 2020
11. CCI approves acquisition of Emami Cement Limited by Nuvoco Vistas Corporation Limited
  • CCI approves acquisition of 100% of the total issued and paid up share capital of Emami Cement Ltd, on fully diluted basis, by Nuvoco Vistas Corp Ltd.
  • NVCL is a Nirma promoter group company engaged in manufacturing and sale of variety of grey cements.
  • CCI Headquarters : New Delhi.
  • Chairman : Ashok Kumar Gupta.
Current Affairs 24 May 2020
12. ICICI Bank launches special FD scheme with higher rate for senior citizens
  • Name of the scheme is ‘ICICI Bank Golden Years FD’.
  • It offers them an interest rate of 6.55% p.a. for deposits up to Rs 2 crore with a tenure of more than 5 to 10 years.
  • It offers 0.80% higher interest than applicable to general public.
  • ICICI Bank Founded on June 1994 in Vadodara.
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13. KKR to invest Rs 11,367 crore in Jio Platforms for 2.32% stake
  • This will be the fifth investment in Reliance company business in rapid succession, following Facebook, Silver Lake, Vista Equity Partners and General Atlantic.
  • It is KKR’s largest investment in Asia.
  • KKR formerly known as Kohlberg Kravis Roberts & Co.
  • KKR was founded in 1976.
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14. Intel acquires Rivet Networks, the maker of ‘Killer’ WiFi cards
  • Intel has bought the company behind the popular Killer brand of Wi-Fi products found in laptops from Alienware, Dell, Lenovo, HP and more.
  • Rivet Networks, which was previously acquired by Qualcomm in 2011, makes network interface cards (NICs).
  • Its technology boasts gaming-centric features.
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15. World Turtle Day : 23 May
  • World Turtle Day is observed on May 23rd each year and is celebrated throughout the world.
  • It was started in 2000 by American Tortoise Rescue.
  • American Tortoise Rescue, Headquarters : California, United States.
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16. FIEO expects 20 per cent fall in export during FY21
  • FIEO = Federation of Indian Export Organisations.
  • The outlook is “extremely negative” at the moment and fall in export to be accompanied by a decline in import.
  • FIEO director general and chief executive officer : Ajay Sahai.
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17. Former U.P. minister Naipal Singh passes away
  • Former Uttar Pradesh minister Naipal Singh passed away.
  • Mr. Singh had served in the State cabinet headed by Kalyan Singh and Rajnath Singh.
  • In 2014, he became a member of parliament from Rampur Lok Sabha seat.
  • He was 5-time member of the Uttar Pradesh Legislative Council.
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18. Aussie Grand Slam winner Ashley Cooper dies
  • 8-time Grand Slam-winning Australian tennis player Ashley Cooper has died.
  • Tennis Australia CEO : Craig Tiley.
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19. This is the last news of Current Affairs 24 May 2020 : Renowned vocalist Shyamala G Bhave no more
  • She had an equal command over Hindustani and Carnatic music.
  • She was 79.
  • Her mother Lakshmi Bhave was also a classical vocalist.

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