Current Affairs 24 & 25 May 2020

We are here for you to provide the important Recent and Latest Current Affairs 24 & 25 May 2020, which have unique updates of Latest Current Affairs 2020 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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Top 20 Current Affairs of 24 & 25 May 2020

NATIONAL AFFAIRS

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AffairsCloud confirms the below one is the theme of World Bee Day 2020 which commemorated on May 20th 2020. Theme of World Bee Day 2020 is “Bee Engaged”.

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Prakash Javadekar launched five key initiatives to conserve biodiversity during IDB virtual celebration on May 22, 2020

i.On May 22, 2020 Union Environment, Forest, and Climate Change Minister Prakash Javadekar launched the following five key initiatives towards conservation of biodiversity during the virtual celebration of “International Day for Biological Diversity (IDB)” on the theme “Our solutions are in nature”.

• Launch of Samrakshan Internship Programme
• Launch of UNEP Campaign on Illegal Trafficking of Endangered Species
• Launch of WWF Model Conference of Parties (MCoP)
• Launch of awareness campaign
• Launch of webinar initiatives

About NBA:
Headquarter– Chennai, Tamil Nadu
Chairperson– Dr. V. B. Mathur
About UNDP:
Headquarters– New York, United States (US)
Administrator– Achim Steiner
About UNEP:
Headquarters– Nairobi, Kenya
Executive Director– Inger Andersen
About WCCB:
Headquarters– New Delhi
Additional Director– Tilotama Varma
<< Read Full News >>

BANKING & FINANCE

Maruti Suzuki ties-up with Cholamandalam Investment & Finance to launch ‘Buy Now Pay Later’ offer

Maruti Suzuki India Limited has joined hands with the Cholamandalam Investment and Finance Company Limited (CIFCL) to launch ‘Buy Now Pay Later’ financing scheme to make the purchase of its cars even more convenient.
i.Under the scheme, customers have the option to avail a 60-day surcharge on their EMI. However, this offer is available on select Maruti Suzuki models and is applicable on loan payments due on or before 30 June 2020.
About Cholamandalam Investment and Finance Company Limited  (CIFCL):
Headquarters– Chennai, Tamil Nadu
Managing Director– Arun Alagappan
About Maruti Suzuki India Limited:
Headquarters– New Delhi
Managing Director & CEO- Kenichi Ayukawa
<< Read Full News >>

Edelweiss General Insurance launched app-based OD floater policy

On 21st May 2020, Edelweiss General Insurance launched ‘Edelweiss SWITCH’, an app-based motor insurance own damage (OD) floater policy under IRDAI’s sandbox regulations. This driver-based motor insurance allows the owners of the vehicles to cover multiple vehicles in a single policy.
About Edelweiss General Insurance:
Executive Director & CEO – Shanai Ghosh
Chief Financial Officer(CFO) – Jitendra Attra
Corporate Office – Mumbai
<< Read Full News >>

ICICI introduced ‘ICICI Bank Golden Years FD’ a special FD with interest rate of 6.55% pa for senior citizens

i.The Private sector ICICI bank as introduced  a special fixed deposit (FD) scheme for senior citizens called ‘ICICI Bank Golden Years FD’
ii.The scheme offers an interest rate of 6.55% per annum(p.a) for deposits up to Rs 2 crores with a tenure of more than 5 years to 10 years.
About ICICI:
Corporate Office- Mumbai, Maharashtra
Registered Office– Vadodara, Gujarat
Managing Director & CEO– Sandeep Bakhshi
Chairman– Girish Chandra Chaturvedi
<< Read Full News >>

ECONOMY & BUSINESS

IRDAI’s working committee recommended enhancing trade credit policy (TCI) cover to 90% from 85%

i.For Micro and small enterprises (MSEs), 95% indemnity is proposed to provide relief in the event of loss which is beyond their control.
ii.The committee also recommended creation of a Buyer Default Database with Insurance Information Bureau (IIB) as a measure to keep a check on defaulters.
iii.The recommendations are aimed at improving the overall business environment by protecting suppliers as well as lenders against payment defaults.
About IRDAI:
Headquarters– Hyderabad, Telangana
Chairman– Dr. Subhash Chandra Khuntia
<< Read Full News >>

AWARDS & RECOGNITIONS

UN declares Khudol initiative of Manipur as one of the top 10 global initiatives to fight against COVID-19

Jayathma Wickramanayake of Sri Lanka, United Nations (UN) Secretary-General’s Envoy on Youth, has listed Khudol (gift), a crowdfunded initiative of Imphal (Manipur) based NGO Ya_All, among the top 10 global initiatives for an inclusive fight against the coronavirus (COVID-19) pandemic.
i.Khudol aims to provide food, health and hygiene of the LGBTQI+ community, people living with HIV,children and adolescents.
About United Nations (UN):
Headquarters– New York, United States
Secretary general– António Guterres
About Manipur:
Capital– Imphal
Governor– Najma Heptulla
Chief Minister– N. Biren Singh
<< Read Full News >>

Forbes: Tennis star Naomi Osaka becomes world’s highest paid female athlete

On May 23, 2020, Japanese tennis star Naomi Osaka, 22 years old, became the highest paid female athlete in the world, topping American great Serena Williams. Osaka has been ranked No.1 by the Women’s Tennis Association (WTA). The complete Forbes list, due to be released next week.
About Forbes: 
Headquarters– Jersey City, New Jersey, US (United States).
CEO (Chief Executive Officer)– Mike Federle.
<< Read Full News >>

APPOINTMENTS & RESIGNATIONS

11 member high-level committee under the chairmanship of Rajesh Bhushan formed to reform drug regulatory system in India

The centre has constituted a 11 member high-level committee to “simplify and expedite” the drug approval process in India. The committee chaired by Rajesh Bhushan, Officer on Special Duty, Ministry of Health was set up by the Ministry of Health and Family Welfare(MoHFW) on May 11 as a measure to reform the drug regulatory system in India.
About MoHFW:
Union Minister–  Harsh Vardhan(Constituency- Chandni Chowk, New Delhi)
Minister of state– Ashwini Kumar Choubey(Constituency- Buxar, Bihar)
About CDSCO:
Headquarters– New Delhi, India
Drugs Controller General of India– Dr. V. G. Somani
<< Read Full News >>

World Bank names Carmen Reinhart as chief economist and vice president

On May 21, 2020, The World Bank named former Bear Stearns executive Carmen Reinhart as its new Vice President (VP) and chief economist, tapping an expert on financial crisis who also serves on the advisory board of the New York Federal Reserve. Reinhart’s appointment is effective on June 15, 2020.
About World Bank:
Headquarters– Washington D.C., United States (US).
Motto– Working for a World Free of Poverty.
President– David Malpass.
<< Read Full News >>

Jahnabi Phookan appointed as National President of FICCI FLO

On 22nd May 2020, Jahnabi Phookan was appointed as the 37th National President of Federation of Indian Chambers of Commerce and Industry(FICCI) Ladies Organization (FLO). She took over the position from Harjinder Kaur Talwar at the 36th FLO session in the presence of Om Birla, Lok Sabha Speaker. She was the founder member and founder Vice Chairperson of FLO North East chapter in 2007.
About FLO:
President – Jahnabi Phookan
Sr. Vice-President – Ujjwala Singhania
Executive Director – Rashmi Sarita
Established in  – 1983
Head Office – New Delhi
<< Read Full News >>

Abhas Jha appointed as Key position in South Asia by World Bank

On 23rd May 2020, Abhas Jha, Indian economist was appointed to a key position on Climate change and disaster management in South Asia by the World Bank. Previously He served as the Practice Manager for Urban Development and Disaster Risk Management in East Asia and Pacific region.
Key Points:
i.His appointment came during the Amphan Cyclone situation in Bangladesh, West Bengal and Odisha(Indian coastal states).
ii.His role is to encourage and support the South Asia region(SAR) in Disaster Management and Climate Change team support and collaborate across the Global Practice boundaries.
iii.He is expected to provide response to the client demands and strengthen disaster risk management and climate actions in the SAR
<< Read Full News >>

ACQUISITIONS & MERGERS

RITES signed pact to acquire 24% stake in Indian Railway Station Development Corporation

i.IRSDC, a joint venture of Rail Land Development Authority (RLDA) and IRCON International is tasked with redeveloping railway stations across the country.
ii.During the lockdown, RITES delivered the 188 route kilometre Vijaypur-Pachore Road-Maksi section railway electrification project in Madhya Pradesh.
About RITES Ltd.
Chairman & Managing Director (CMD)– Rajeev Mehrotra
Headquarter– Gurugram, Haryana
About IRSDC:
Chairman– Vishwesh Chaube
Headquarter– New Delhi
<< Read Full News >>

SCIENCE & TECHNOLOGY

MeitY launched seven weather services of IMD in UMANG app

i.The IMD services (hosted at http://mausam.imd.gov.in) on the onboarded UMANG app has been inaugurated by Dr. Madhavan Nair Rajeevan, Secretary Ministry of Earth Sciences (MoES).
ii.The seven services are Current Weather, Nowcast, City Forecast, Rainfall Information, Tourism Forecast, Warnings, Cyclone.
iii.Launched in 2017, Unified Mobile Application for New-age Governance (UMANG) App’s aim is to make the government accessible on the mobile phone of citizens.
About MoES:
Union Minister- Dr. Harsh Vardhan
IMD is the agency of Ministry of Earth Sciences.
<< Read Full News >>

Electrochemical sensing platform developed to detect carcinogenic & mutagenic compounds in food: IASST

i.The Institute of Advanced Study in Science and Technology(IASST) has developed an electrochemical sensing platform to detect carcinogenic or mutagenic compounds N-nitrosodimethylamine(NDMA) and N-nitrosodiethanolamine(NDEA).
ii.The development was achieved by developing a modified electrode by immobilizing carbon nanomaterials(carbon dots) in DeoxyriboNucleic Acid(DNA).
About IASST:
Headquarters– Guwahati, Assam
Director– N.C. Talukdar
<< Read Full News >>

SPORTS

Aritz Aduriz, Spanish footballer announces retirement

On 21st May 2020, Spanish footballer, athletic Bilbao striker Artiz Aduriz announced his retirement at the age of 39 after finding out that he requires prosthetic hip replacement surgery.
About Spain:
Fourth largest country in Europe
President – Pedro Sanchez
Capital – Madrid
Official language – Spanish
<< Read Full News >>

OBITUARY

Former Australian tennis player & 4-times Grand Slam singles champion Ashley Cooper passed away at 83

On May 22, 2020, Famous Australian Tennis player Ashley John Cooper, passed away at the age of 83 in Sydney, Australia. Cooper, the former Ranked No.1 player, won 8 Grand Slam titles- 4 Grand Slam singles and 4 Grand Slam doubles titles. He was born on September 15, 1936, in Melbourne, Australia.
About Australia:
Capital– Canberra.
Prime Minister– Scott John Morrison.
Currency– Australian dollar (AUD).
<< Read Full News >>

IMPORTANT DAYS

World Turtle Day 2020, May 23

May 23 of every year is celebrated as World Turtle day since 2000 by the American Tortoise Rescue(ATR), a nonprofit organisation, to celebrate and protect the turtles, tortoises and their habitats which is now celebrated throughout the world in the countries like United States, Canada, Pakistan, India, Australia and others.
The ATR’s World Turtle day 2020 is focusing on bringing attention and increasing respect and knowledge for tortoises and turtles. In addition, Motivating humans to come and help them survive.
About ATR:
Founders – Susan Tellem and Marshall Thompson
Founded in – 1990
Located – Malibu, California
About IUCN:
President – Zhang Xinsheng(China)
Acting Director General – Grethel Aguilar
Established in – 5th October 1948
<< Read Full News >>

International Day to End Obstetric Fistula 2020: May 23

International Day to End Obstetric Fistula is observed every year on May 23 globally to significantly raise awareness and intensify actions towards ending obstetric fistula, as well as urging post-surgery follow-up and tracking of fistula patients. The day was organized by the UN (United Nations).
Theme for the year 2020: “End gender inequality! End health inequities! End Fistula now!”.
About UNFPA:
Headquarters– New York City, United States.
Executive Director– Dr. Natalia Kanem.
<< Read Full News >>

STATE NEWS

AP’s CM Jagan Mohan Reddy launches Rs 1,110 crores ‘ReStart’  to revive MSME sector

On May 22, 2020 Andhra Pradesh(AP)’s Chief Minister(CM) Y.S. Jagan Mohan Reddy has launched Rs 1,110 crores ‘ReStart’ a new programme to support & boost the Micro, Small and Medium Enterprise(MSME) sector in the State.
About AP:
Capital– Amaravati
Governor– Biswa Bhusan Harichandan
About SIDBI:
Headquarters– Lucknow,  Uttar Pradesh
Chairman & Managing Director–  Mohammad Mustafa
<< Read Full News >>

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