Current Affairs 31 May 2020

We are here for you to provide the important Recent and Latest Current Affairs 31 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 10 Current Affairs of 31 May 2020

NATIONAL AFFAIRS

Missile Park ‘Agneeprastha’ to be set up, 2 MW Solar Power Plant inaugurated at INS Kalinga

i.The foundation stone for a Missile Park named ‘Agneeprastha’ was laid by  Commodore Rajesh Debnath & a 2 MegaWatt(MW) solar photovoltaic plant was commissioned by Vice Admiral Atul Kumar Jain, Flag Officer Commanding-in-Chief, Eastern Naval Command(ENS) at INS Kalinga, Visakhapatnam.
ii.A 2MW plant was commissioned  in line with the initiative of the Union government to promote solar power and an objective to achieve 100 GigaWatt(GW) of solar power by 2022 as part of the National Solar Mission. 
About Indian Navy:
Headquarters– New Delhi, India
Chief of the Naval Staff(CNS)– Admiral Karambir Singh 
<< Read Full News >>

One Sun One World One Grid: India initiated talks on West to SE Asia solar grid

i.The aim of One Sun One World One Grid’ (OSOWOG) is to provide solar power to nations which lack sunlight, by building a common transmission system.
ii.For the implementation of proposed OSOWOG, the MNRE has invited proposals from consulting firms for making a long-term OSOWOG road map, and identify two or three cross-border projects that can be initiated within one or two years.
About MNRE:
Minister of State (IC) (Power, New & Renewable Energy)– Raj Kumar Singh
Secretary– Indu Shekhar Chaturvedi
<< Read Full News >>

Piyush Goyal attends the Digital Summit on Exports organized by CII through video conference

i.Union Minister for Commerce & Industry and Railways, Piyush Goyal participated in the Digital Summit on Exports organized by the Confederation of Indian Industry(CII) through a Video Conference.  Export-Import(EXIM) Bank is the  Institutional Partner for the Summit.
ii.Exports are likely to improve in May, with the contraction expected to be 30-35%, after outbound shipments crashed by a record 60% in April.
About CII:
Corporate Office– New Delhi, India
President– Vikram Shreekant(S.) Kirloskar
Director General– Chandrajit Banerjee
About EXIM:
Head Office– Mumbai, Maharashtra
Managing Director(MD) & Chief Executive Officer(CEO)– David Rasquinha
About NASSCOM:

Headquarters: Noida , Uttar Pradesh
Chairman– UB Pravin Rao
President– Debjani Ghosh 
Constituency:
Piyush Goyal– Rajya Sabha (Maharashtra)
<< Read Full News >>

INTERNATIONAL AFFAIRS

U.S. joins G7 artificial intelligence group to counter China

i.The aim of this panel is to counter China’s twisting technology in ways that threaten civil liberties.
ii.The involvement of US in this panel was important because of the large role that American tech firms play globally and its historic advocacy for human rights.
About G7:
The Group of Seven (G7) is an international intergovernmental economic organization consisting of the seven largest economies in the world: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. European Union is an invitee to G7.
<< Read Full News >>

BANKING & FINANCE

NABARD grants Rs 1,050 crore to West Bengal during FY 21 for the benefit of farmers & poor people

National Bank for Agriculture and Rural Development (NABARD) has extended Rs 1,050 crore special liquidity facility (SLF) to West Bengal (WB) so far in the current fiscal year (FY 21) for the welfare of farmers and poor people in the state.
i.The credit support will help farmers for taking up pre-monsoon and kharif(summer sown crops) 2020 operations.
About NABARD:
Headquarters– Mumbai, Maharashtra
Chairman– Govinda Rajulu Chintala
About West Bengal (WB):
Capital– Kolkata
Chief Minister– Mamata Banerjee
Governor– Jagdeep Dhankhar
<< Read Full News >>

ECONOMY & BUSINESS

India’s GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1 in 2019-20%: NSO

According to the Provisional Estimates of National Income for the financial year 2019-20 by National Statistical Office(NSO), Ministry of Statistics and Programme Implementation(MoSPI) India’s Gross Domestic Product(GDP) growth has slowed to an 11-year low of 4.2% in 2019-20 & in the final quarter(Q4- January to March) the GDP’s growth rate fell to 3.1%, against 6.2% in the 2018-19, which reflects the impact of the first week of the COVID-19 lockdown which began on March 25.
Fiscal deficit widens to 4.6%(4.59) of GDP in 2019-20: CGA
According to the Controller General of Accounts(CGA) data, the fiscal deficit for 2019-20 
which signifies the gap between government revenue and expenditure has  widened to 4.59%(4.6) of GDP, higher than the revised estimate of 3.8 %. 
Static:
NSO– It is responsible for conducting large scale sample surveys in diverse fields on an All India basis.
Controller General of Accounts– Soma Roy Burman
<< Read Full News >>

FDI raised 18% to $73.46 billion in FY20: DPIIT

i.This hike was the highest in the four years.
ii.Total FDI has doubled from FY13-14 when it was only $36 billion.
iii.Singapore again emerged as the largest equity FDI source, contributing to inflows of $14.67. However, this is a drop from the $16.22 billion Singapore contributed in 2018-19.
About DPIIT
Parent organization– Ministry of Commerce and Industry
Minister of Commerce and Industry– Piyush Goyal
Headquarter– New Delhi
<< Read Full News >>

  APPOINTMENTS & RESIGNATIONS         

PFC board appoints RS Dhillon as CMD 

i.State-run Power Finance Corporation (PFC) announced the appointment of Ravinder Singh Dhillon as chairman and Managing Director (CMD) from June 1, 2020. 
ii.He will be the successor of Rajeev Sharma as he retires on May 31, 2020.
About PFC:
Power Finance Corporation Ltd. (PFC) is an Indian financial institution. It was established in 1986 & it is the financial backbone of Indian Power Sector.
Headquarters– New Delhi.
<< Read Full News >>

SN Rajeshwari appointed as new CMD of Oriental Insurance 

i.The Banks Board Bureau (BBB) appointed SN Rajeshwari as the new Chairman and Managing Director (CMD) of Delhi-based Oriental Insurance Company (OIC). 
ii.She will be the successor of AV Girija Kumar, 60 years old, who retires on May 2020.
About OIC:
i.The Oriental Insurance Company Ltd. was incorporated at Mumbai on 12th September 1947. The Company was a wholly owned subsidiary of The Oriental Government Security Life Assurance Company Ltd. 
ii.It has 29 regional offices and more than 1800 active branches across the country. 
Headquarters– New Delhi.
<< Read Full News >>

SCIENCE & TECHNOLOGY

India Observatory launches GIS-enabled dashboard, CoAST India

i.India Observatory, an open-source database, launched a GIS-enabled dashboard,  CoAST India(Collaboration/Covid Action Support Group) in collaboration with Anand-based Forest Ecological Security(FES) as its main nodal point, to help administrators, civil society organisations & volunteers to plan urgent steps to get the stranded migrant population to safety & care.
ii.The dashboard provides a repository of migrants data & requirements linked to the relevant service providers. 
iii.It also visualises facilities like schools & hospitals, road networks, relief camps, quarantine centers & healthcare workers.
About India Observatory:

• It is the country’s 1st socio, economic, ecological open source integrated Geospatial data platform, set up in December 2019, in the GeoSmart India conference. 

Headquarters– Gujarat, India
<< Read Full News >>

OBITUARY

Famous Lyricist Yogesh Gaur passes away at 77 

i.Famous Indian Lyricist and writer Yogesh Gaur, commonly known as Yogesh in the film industry passed away at the age of 77 in Mumbai, Maharashtra. He was born on March 19, 1943 in Lucknow, Uttar Pradesh (UP).
ii.He wrote the lyrics of hit songs “Kahin duur jab din dhal jaye” and “Zindagi kaisi hai paheli” that defined the superhit film Anand (1971).
About Maharashtra:
Capital– Mumbai.
Governor– Bhagat Singh Koshyari. 
Chief Minister (CM)– Uddhav Bal Thackeray.
<< Read Full News >>

IMPORTANT DAYS

World Digestive Health Day 2020, May 29

Every year 29th May is celebrated as the World Digestive Health Day (WDHD) by the World Gastroenterology Organisation(WGO) with the WGO Foundation (WGOF) to commemorate the 45th anniversary of the creation of WGO in 1958.
The First WDHD was celebrated on 29th May 2005.
The theme of the WDHD 2020 is “Gut Microbiome – A Global Perspective”
About WGO:
President– Prof. Naima Amrani
Secretary General– Prof. Geoffrey Metz
Headquarters– Milwaukee, United States of America
About WGOF:
Chair– Guilherme Macedo (President-Elect of WGO)
Vice-Chair– Richard Hunt
Headquarters– Milwaukee, United States of America
<< Read Full News >>

World Vape Day 2020: May 30

i.World Vape Day (WVD) was observed on May 30, by Millions of e-cigarette users or vapers across the globe and the day is celebrated, a day before World No Tobacco Day.  
ii.WVD aims to raise awareness on e-cigarettes or vapes & help smokers who are unable to quit on their own or with currently available smoking cessation tools to change to safer nicotine products.
<< Read Full News >>

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