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Current Affairs 24th March 2020

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1. RBI to inject additional Rs 30,000 Cr to maintain financial stability in wake of COVID-19 outbreak
  • RBI will conduct purchase of government securities under Open Market Operations in 2 tranches of Rs 15,000 Cr each in March.
  • RBI Governor : Shaktikanta Das.
  • RBI HQ : Mumbai.
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2. SAARC Disaster Management Centre launches website for information related to COVID- 19
  • The website is ‘www.covid19-sdmc.org.
  • Shows the number of coronavirus cases in the member states while updating the numbers regularly.
  • Headquarters of SAARC Secretariat is in Kathmandu, Nepal.
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3. Non-life insurance premium rises 14% to Rs 1.73 lakh Cr during Apr-Feb FY20
  • Rise during April-February this fiscal, according to IRDAI data.
  • 34 non-life insurance companies had collected a total premium of over Rs 1.52 lakh Cr in 2018-19.
  • Public sector insurance firms witnessed a rise of 11%.
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4. Draft DPP 2020 introduces ‘leasing’ as category to get defence equipment at affordable rates
  • Govt issued draft Defence Procurement Procedure 2020,
  • Wherein it introduced ‘leasing’ as another category to get defence equipment at affordable rates.
  • Indigenous content stipulated in various categories of purchasing was enhanced to support Make in India.
  • Category that gets the highest priority: Buy (Indian-IDDM).
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5. IRDAI sets up panel on governance at insurers
  • Country’s insurance regulator has set up a 16-member committee headed by Pravin Kutumbe
  • To find ways to improve corporate governance systems of insurers,
  • primarily on making key functions such as risk management & internal audits independent of each other.
  • It has been asked to submit the report to IRDAI in 3 months.
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6. Tamil Nadu launches Covid-19 health portal
  • The web portal is – http://stopcoronatn.in/
  • To provide updates on Covid-19
  • The portal has a link to global cases by the Center for Systems Science and Engineering at Johns Hopkins University, which monitors the Covid-19 cases.
  • Johns Hopkins is the America’s first research university.
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7. Vasant Rao appointed MD for IDC India and South Asia
  • Effective on March 18, 2020.
  • He will be based out of IDC’s Bengaluru office and will be reporting to Eva Au-Managing Director, IDC Asia/Pacific.
  • IDC of the United States provides market research services.
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8. GoAir appoints Sanjiv Kapoor as Advisor
  • He was at Vistara as its Chief Strategy & Commercial Officer.
  • His career spanned for over 2 decades with airlines in Asia, Europe, and the US as investment advisor, portfolio manager & management consultant.
  • Chief Executive Officer of GoAir : Vinay Dube.
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9. TRIFED launches ‘Tech for Tribals’ program to bring technology to tribal entrepreneurs
  • It was launched by TRIFED & IIT-Kanpur along with IIT-Roorkee, IIM Indore, Kalinga Institute of Social Science, Bhubaneshwar & SRIJAN, Jaipur.
  • It is supported by the Ministry of MSME.
  • TRIFED = The Tribal Cooperative Marketing Development Federation of India.
  • It is a national-level apex organization functioning under the administrative control of Ministry of Tribal Affairs, Govt. of India.
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10. India Ranks poorly in UN’s World Happiness Report 2020, Finland Bags Top Spot once again
  • India (3.573) ranked 144th position &
  • Finland (7.809) topped for the 3rd time in the UN World Happiness Report
  • Report released in accordance with International Day of Happiness.
  • WHR is a landmark survey of the state of global happiness that ranks 156 countries.
  • Survey grades using Gallup World Poll & six other factors.
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11. SpaceX plans first manned flight to space station in May
  • SpaceX will launch a Falcon 9 rocket to transport NASA astronauts Bob Behnken & Doug Hurley.
  • Since the last US space shuttle mission in 2011 only the Russians have been going back & forth to ISS.
  • Construction began on the ISS in 1998.
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12. IITM hosts India’s first Hyperloop Pod Competition
  • IITM = Indian Institute of Technology Madras.
  • To increase awareness & enthusiasm about Hyperloop in India.
  • Competition is open globally & the final round will take place in the IIT Madras campus in July 2020.
  • Hyperloop is the 5th mode of transportation.
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13. March 23: World Meteorological Day
  • 2020 Theme: Climate and Water.
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14. Britain to co-chair India-led global climate initiative
  • Britain on Friday was confirmed as the first co-chair of the Governing Council on the India-led global Coalition for Disaster Resilient Infrastructure (CDRI).
  • CDRI- a international grouping, linking govts, UN agencies, banks, private sector groups & academia to develop the spirit of infrastructure systems to climate & disaster risks.
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15. RAISE 2020: First AI Summit of India postponed due to Corona Virus
  • RAISE 2020 = Responsible AI for Social Empowerment 2020’-
  • That was scheduled to be held in the Capital in October amid the growing coronavirus (COVID-19) pandemic.
  • The summit aims to create a data-rich environment.
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16. Cabinet approves inclusion of AYUSH health, wellness centres in NAM
  • The proposal entails an expenditure of Rs. 3399.35 Crore.
  • Rs.2209.58 Crore as Central Share and Rs. 1189.77 crore as State share.
  • Operationalization of AYUSH HWCs is within a period of 5 years.

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