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Current Affairs 25th March 2020

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1. Shivraj Singh Chauhan takes oath as CM of Madhya Pradesh
  • For the fourth time.
  • Governor Lalji Tandon administered him the oath of office.
  • He will succeed Kamal Nath.
  • Chouhan worked as the CM of the state for almost 13 years.
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2. Lok Sabha passes Finance Bill, 2020
  • The government proposed to spend Rs 30,42,230 Cr in the next FY,
  • 12.7% higher than the revised estimate of 2019-20.
  • By passing the Bill, these financial proposals have been given effect.
  • Government expects that receipts will increase by 16.3%.
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3. SBI commits 0.25% of FY20 annual profit to help fight COVID-19
  • SBI will provide 0.25% of its annual profit for 2019-20 to fight the coronavirus outbreak in India.
  • The government notified spending by companies to deal with the coronavirus outbreak as CSR activity under the company’s law.
  • Entities should give at least 2% of their 3-year net profit.
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4. Fitch Ratings assigns stable outlook to Tata Chemicals
  • TCL is the world’s third-largest soda ash producer.
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5. IRDAI asks insurers to provide 1-month grace period for renewal premium payments
  • IRDAI = Insurance Regulatory Development Authority of India
  • IRDAI asked life insurers to provide another month for paying renewal premiums.
  • In view of troubles caused by lockdowns.
  • Board meetings due till June 30 could be held through videoconferencing.
  • IRDAI Chairman : Subhash Chandra Khuntia.
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6. United Nations to create global coronavirus fund
  • UN will create a fund to prevent the spread of COVID-19 & support the treatment of patients globally.
  • Norway suggested to create the global coronavirus fund.
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7. Amazon teams up with Bill Gates-backed group to deliver coronavirus test kits
  • Amazon.com Inc is teaming up with a research program funded by Bill Gates to pick up and deliver coronavirus test kits in Seattle.
  • The Seattle Coronavirus Assessment Network is collecting nasal swabs from a sample of people across King County.
  • Seattle : Group of medical, health & research organizations.
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8. ICMR recommends use of hydroxychloroquine to treat Coronavirus
  • The national task force for COVID-19 constituted by Indian Council for Medical Research has recommended hydroxy-chloroquine
  • As a preventive medication for high-risk population.
  • DGCI approved the recommendation.
  • DGCI- Drug Controller General of India.
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9. Canada becomes first country to withdraw from 2020 Tokyo Olympic
  • Canada became the first major country to withdraw due to the outbreak of COVID-19.
  • Japan’s PM Shinzo Abe has admitted for the 1st time that the games could be postponed.
  • The games are currently due to begin on 24th July 2020.
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10. Veteran Tamil actor, writer and director Visu passed away
  • Tamil actor, writer & director Meenakshisundaram Ramasamy Viswanathan, popularly known as Visu, passed away.
  • Visu passed away at the age of 75.
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11. 24 March: World Tuberculosis Day
  • World Tuberculosis Day, falling on 24 March each year, commemorates the day in 1882.
  • When Dr Robert Koch astounded the scientific community by announcing that he had discovered the cause of tuberculosis, the TB bacillus.
  • 2020 Theme: It’s Time.
  • Aim: To raise public awareness about TB epidemic.
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12. Cabinet approved extradition treaty between India & Belgium
  • The Union cabinet, chaired by PM Narendra Modi,
  • The treaty would provide a legal framework for seeking extradition of terrorists, economic offenders and other criminals from and to Belgium.
  • Belgium Capital : Brussels.
  • Currency : Euro.
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13. Bridge constructed by BRO over Teesta River in North Sikkim opened for traffic
  • The BRO opened a 360-feet long bailey suspension bridge over the Teesta river for traffic in Munshithang near Chungthang town.
  • BRO = Border Roads Organisation.
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14. Singapore tops Economic Freedom Index
  • Singapore overtook Hong Kong as the world’s freest economy for the first time since 1995.
  • Report has come from the latest Heritage Foundation Index of Economic Freedom.
  • The Index was first published in 1995 and Hong Kong has topped the charts ever since; that is until 2020.
  • India is at the 120th place among the 186 countries.
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15. Karur Vysya Bank launches pre-paid card Enkasu in Karur
  • Karur Vysya Bank (KVB) has launched Enkasu, a pre-paid card in Karur.
  • In response to the digital initiative of the Government of India,
  • The bank undertook a Quit Cash Movement in Karur – a movement to reduce the usage of cash in the district of Karur.
  • Enkasu works on Near Field Communication Technology.
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16. IOC becomes 1st company to begin supply of BS-VI fuel across country
  • BS- VI is the world’s cleanest petrol & diesel.
  • All 28,000 petrol stations of IOC’s across India are dispensing BS-VI.
  • BS- VI is ultra-low sulphur grade fuel.
  • To reduce the pollution from vehicles in the air.
  • April 1, 2020 is the deadline for starting supply of Euro- VI.
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17. 2020 Abel Prize to Furstenberg and Margulis
  • The Norwegian Academy of Science and Letters has awarded Abel Prize for 2020.
  • The Abel Prize for 2020 to Hillel Furstenberg, Hebrew University of Jerusalem & Gregory Margulis, Yale University, USA.
  • Due to the corona pandemic there will not be a physical Laureate ceremony.
  • Honouring of the Abel Prize Laureates will be announced later.
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