Current Affairs 28 May 2020

We are here for you to provide the important Recent and Latest Current Affairs 28 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.

Our Current Affairs May 2020 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Latest Current Affairs Quiz and Monthly Current Affairs 2020 PDF which will be a pedestrian to crack your exams.

Date-Wise Current Affairs May 2020 PDF for Paid Users – Click Here to Know More

Top 15 Current Affairs of 28 May 2020

NATIONAL AFFAIRS

Rs. 20,050 cr PMMSY detailed by Giriraj Singh:  Fish production target set to 220 LMT by FY24-25

i.It will be implemented for a period of 5 years i.e. from FY 2020-21 to FY 2024-25 in all states and Union Territories (UTs).
ii.PMMSY is dedicated to the fishers, fish farmers, fish workers, fish vendors and other stakeholders associated with the fisheries sector.
iii.Importantly, the scheme is providing insurance coverage for fishing vessels, which is being introduced for the first time.
iv.A booklet on PMMSY was also released during the conference.
Current status of India in fisheries sector:

• India is the 2nd  largest aquaculture and 4th  largest fish exporting nation in the world. 
• It constituted 7.73% of the global fish production and export earnings of Rs.46,589 Crores (2018-19).

<< Read Full News >>

PFC signs MoU with NBPCL to fund hydro electric projects and Multipurpose projects worth Rs 22,000 crore

On 26th May 2020, The Power Finance Corporation(PFC), under the Ministry of Power signed an agreement to fund Rs. 22,000 crore with Narmada Basin Projects Company limited(NBPCL) of Government of Madhya Pradesh for the 225 MW hydro-electric projects and multipurpose projects in the state. The MoU was signed by Rajeev Sharma, CMD, PFC and I.C.P Keshari, MD NBPCL on a virtual platform.
About PFC:
Chairman and MD – Rajeev Sharma
Established- 16th July, 1986.
About NBPCL:
Managing Director- I.C.P Keshari,IAS.,(1988 batch)
<< Read Full News >>

DST, Rajasthan in association with TRIFED, M/O Tribal Affairs organised Webinar on “Van Dhan Scheme: learnings for post COVID-19” 

The Department of Science and Technology(DST), Government of Rajasthan in association with The Tribal Cooperative Marketing Development Federation of India(TRIFED), under Ministry of(M/O) Tribal Affairs, Government of India has organized a webinar  under Know Your Scheme-Lecture Series on “Van Dhan Yojana : Learning For Post Covid-19” to help the tribal people.
About Van Dhan Yojana:
It is an initiative of the Ministry of Tribal Affairs and TRIFED.  It was launched on 14th April, 2018 to improve tribal incomes through value addition of tribal products.
About TRIFED:
Head Office– New Delhi, India
Managing Director– Pravir Krishna 
<< Read Full News >>

INTERNATIONAL AFFAIRS

Taiwan President Tsai Ing-wen re-elected for second term; 2 Indian MPs sent congratulatory video messages

i.Under Tsai Ing-Wen presidency, Taiwan has tackled the COVID-19 pandemic successfully as the nation has confirmed just 440 cases and 7 deaths. It has recorded no new cases since May 7, 2020 and has not seen a locally transmitted case since April 12, 2020.
ii.Apart from video recordings, there was also a virtual ceremony which was attended by Sohang Sen, the acting director general of the India Taipei Association from India. 
About Taiwan:
Capital– Taipei
Currency– New Taiwan dollar
About China
Capital– Beijing
Currency– Renminbi
President– Xi Jinping
<< Read Full News >>

BANKING & FINANCE

Airtel Payments Bank joined hands with Mastercard to develop customised  payment solutions for farmers, SMEs

Airtel Payments Bank (APBL) has joined hands with Mastercard to develop a special type of payment solutions such as contact less payments via NFC (Near Field Communication), credit facility and other neighbourhood banking services for Indian farmers and small and medium enterprises (SMEs).
i.This will enable Airtel Payments Bank’s 4 crore customers to access a larger market base, receive payments easily into their bank accounts and get easy access to credit.
About Airtel Payments Bank Limited :
Headquarters- New Delhi
MD and CEO– Anubrata Biswas
About Mastercard:
Headquarters– New York, U.S.
President and CEO– Ajaypal Singh Banga 
<< Read Full News >>

ACQUISITIONS & MERGERS        

Ola Electric acquires AppScooter maker Etergo, to launch 2-wheeler EV in India in 2021

i.Ola electric aims to build a suite of electric and smart urban mobility solutions for citizens with a focus on two and three wheelers.
ii.Etergo BV has developed an all-electric state-of-the-art AppScooter, which has won multiple awards across the world for its innovative design and engineering. It uses a swappable, high energy battery that delivers a range of up to 240 km (149 miles).
About Ola Electric:
Chairman– Bhavish Aggarwal
Headquarter– Bengaluru, Karnataka
About Etergo BV:
Co-founder and CEO– Bart Jacobsz Rosier
Headquarter– Amsterdam, Netherlands
<< Read Full News >>

NCLT gives nod to sell IL&FS’s 50% stake in GIFTCL to Gujarat government

The principal bench of National Company Law Tribunal (NCLT) has given its nod to sell 50% stake in Gujarat International Finance Tec-City Co Ltd (GIFT City) held by crisis hit Infrastructure Leasing and Financial Services (IL&FS) to the Gujarat state government.
About Infrastructure Leasing & Financial Services (IL&FS):
Headquarters– Mumbai, Maharashtra
Chairman– Uday Kotak
<< Read Full News >>

ITC to acquire 100% equity of Sunrise Foods by share purchase agreement

ITC Limited entered into a Share Purchase Agreement(SPA) to acquire 100% of the equity share capital of Sunrise Foods Private Ltd(SFPL), which is primarily engaged in spices under the trademark ‘Sunrise’. 
About SFPL:
Headquarters– Kolkata, West Bengal
About ITC:
Registered Office– Kolkata, West Bengal
Chairman & MD– Sanjiv Puri 
<< Read Full News >>

SCIENCE & TECHNOLOGY

CSIR-IIIM & Reliance Industries Limited (RIL) to develop RT-LAMP based test for Coronavirus

i.The Indian Institute of Integrative Medicine (IIIM) in Jammu has collaborated with Reliance Industries Limited (RIL) to develop and increase a new Reverse Transcriptase-Loop Mediated Isothermal Amplification (RT-LAMP)- based COVID-19 diagnostic kit. 
ii.A Memorandum of Understanding (MoU) has also been signed between CSIR-IIM, Jammu and RIL.
About Reliance Industries Limited (RIL):
Headquarters– Mumbai, Maharashtra.
Founder– Dhirubhai Ambani.
Chairman & Managing Director (MD)– Mukesh Ambani.
<< Read Full News >>

IIT Madras develops magnesium alloy to replace steel, aluminium in cars

The research team of Dr. Sushanta Kumar Panigrahi, Associate Professor, Department of Mechanical Engineering at Indian Institute of Technology (IIT), Madras, Professor Rajiv Mishra, University of North Texas and K.Cho, the United States(US) Army Research Laboratory has engineered a magnesium alloy to replace the steel and aluminium in the automobile industry to reduce the carbon footprint and increase fuel efficiency.
About IIT Madras:
Director- Bhaskar Ramamurthi
Inaugurated- 1959
<< Read Full News >>

OBITUARY

Padma Shri awardee, Noted Urdu satirist Mujtaba Hussain passes away at 84

On May 27, 2020, Famous Urdu author, humorist and satirist Mujtaba Hussain, who returned his Padma Shri passed away at the age of 84, after a prolonged illness in Hyderabad, Telangana. Hussain was often described as the Mark Twain of Urdu. He was born on July 15, 1936, in Hyderabad, Telangana.
About Telangana:
Capital– Hyderabad.
Governor– Dr Tamilisai Soundararajan.
Chief Minister (CM)– Kalvakuntla Chandrashekhar Rao.
<< Read Full News >>

Former Tamil Nadu footballer Shanmugam passes away at 77 

On May 23, 2020, Former Tamil Nadu Footballer and coach R.Shanmugam passed away at the age of 77 due to age-related illness in Chennai, Tamil Nadu (TN). He was born in Burma (now Myanmar) in 1943. 
About Tamil Nadu (TN):
Capital– Chennai.
State Sport– Kabaddi.
<< Read Full News >>

Hong Kong’s “King of Gambling”, Stanley Ho passed away at 98

On 26th May 2020, Stanley Ho, one of the richest men in Asia, the head of Sociedade de Jogos de Macau(SJM) holdings and famously known as the Casino kingpin of Gambling Capital Macau passed away at the age of 98 at the Kong Sanatorium and Hospital. He was born in 1921 in Hong Kong.
About Macau SAR:
Chief Executive- Ho Iat Seng
President of Legislative Assembly- Kou Hoi In
<< Read Full News >>

BOOKS & AUTHORS

JK Rowling releases children’s book ‘The Ickabog’ online for free

i.Harry Potter author JK Rowling released a new online Children’s book named ‘The Ickabog’ to entertain children during Coronavirus lockdown. 
ii.The new story will be serialized with a couple of chapters released for free online and posted on “The Ickabog” website every weekday from May 26, 2020 to July 10, 2020 in instalments.
<< Read Full News >>

STATE NEWS

Tamil Nadu govt inks 17 investment MoUs worth ₹15,128 cr with corporates

With the impact of Coronavirus (COVID-19) on the Industry and the economy,the state government of Tamil Nadu (TN) has inked 17 memorandum of understandings (MOUs) worth ₹15,128 crore with various companies based in Germany, Finland, Taiwan, China, France, South Korea, Japan, USA, Australia, England and Netherlands with the aim to provide employment opportunities to 47,150 people.
About Tamil Nadu (TN):
Capital– Chennai
Chief Minister– Edappadi K. Palaniswami
Governor– Banwarilal Purohit
State Fruit– Jackfruit
State Tree– Palm Tree
<< Read Full News >>

Flipkart signs MoU with Karnataka State Mango Department to support mango farmers

On 26th May 2020, The Karnataka State Mango Department and Marketing Corporation Ltd.(KSMD&MCL) and Flipkart signed a memorandum of understanding (MoU) to support the mango farmers in this mango season to sell their produce through the online platform of Flipkart.
About KSMD&MCL:
Chairman- Rajendra Kataria
Established- January 19, 2011
Head Office- Bangalore, Karnataka
<< Read Full News >>

*******

Current Affairs Today (AffairsCloud Today)

Share Our “AffairsCloud Today” to Your Friends