Current Affairs 6 May 2020

We are here for you to provide the important Recent and Latest Current Affairs 6 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 6 May 2020

NATIONAL AFFAIRS

Narendra Modi participates in online Summit of NAM Contact Group

Prime Minister(PM) Narendra Modi participates in the online summit of Non-Aligned Movement(NAM) Contact Group on the theme “United against COVID-19” hosted by the current Chairman of NAM, President of Republic of Azerbaijan HE Ilham Aliyev through videoconference to discuss the response to the COVID-19 pandemic crisis.
About NAM:
It was found in 1961 by initiatives of Gamal Abdel Nasser of Egypt, Kwame Nkrumah of Ghana, Jawaharlal Nehru of India, Ahmed Sukarno of Indonesia and Josip Broz Tito of Yugoslavia & has 120 member states, 17 Observer Countries and 10 Observer organizations….Click here to Read More

Dr Jitendra Singh attended Bamboo Conclave through Video Conference

i.The aim of the conference was to discuss the importance of Bamboo, which will provide an opportunity for India to emerge as an economic power post-COVID-19.
ii.It should be noted that northeast consists of 60% of India’s reserve of Bamboo.
iii.Currently, the total requirement of “Agarbatti” in India is about 2,30,000 per annum and the market value of it is up to Rs 5000 crore, we have been importing a large bulk of it from countries like China and Vietnam…Click here to Read More

IIT Alumni Council Launches India’s first COVID-19 test bus in Mumbai

On 1st May 2020, The Indian Institute of Technology(IIT) Alumni Council launched a “COVID-19 test bus”  in Mumbai, Maharashtra and inaugurated by Chief Minister UddhavThackery, Health Minister Rajesh Tope and Praveen Pardeshi…Click here to Read More
PAN IIT ALumni India:
Pan IIT Alumni India is an organisation representing alumni of all IIT.
Chairman– Ramnath S Mani
Vice-Chairman– Pawan Kumar
Registered on– 20 September 2006
Headquarters– IIT Delhi, New Delhi

BANKING & FINANCE

‘India SME Services Platform’ to be launched: SIDBI

The Small Industries Development Bank of India(SIDBI) informed that it will launch ‘India SME Services Platform’, a digital platform to educate stakeholders in the small and medium enterprises(SME) ecosystem and have information on coronavirus-related initiatives for the sector….Click here to Read More
About SIDBI:
Headquarters– Lucknow, Uttar Pradesh
Chairman & Managing Director (MD)– Mohammad Mustafa

ECONOMY & BUSINESS

DBS Bank slashes India’s FY21 GDP forecast to 1% from 1.5%; another Rs 1.5-3 lakh-cr relief package required

i.The general government (the Centre and States) deficit is likely to rise to 10-10.5% of GDP in FY21 vs around 6% of GDP earlier.
ii.Public debt level to rise from 70% of GDP to 75-80%.
iii.Creation of a special purpose vehicle (SPV) is required to directly purchase corporate bonds (to arrest widening spreads vs government securities and temper volatility)….Click here to Read More
About DBS:
Headquarters– Singapore
Former Name– Development Bank of Singapore (DBS)
Chief Executive Officer (CEO)– Piyush Gupta

AWARDS & RECOGNITIONS        

2020 Pulitzer Prizes announced: 3 photojournalists from Jammu & Kashmir won the feature photography

i.The three Indian photojournalists namely Dar Yasin, Mukhtar Khan and ChanniAnandfrom Jammu and Kashmir who work for Associated Press (AP) have won the 2020 Pulitzer Prize in feature photography for their striking images of life” in the valley.
ii.Colson Whitehead became the rare author to receive Pulitzers for consecutive books when his novel about a brutal Florida reform school during the Jim Crow era, ‘The Nickel Boys,’ was awarded the fiction prize 2020. In 2017, he won for his Civil War era novel ‘The Underground Railroad’.
iii.Late Ida Bell Wells-Barnett, who was an American investigative journalist, was honored for her outstanding and courageous reporting on the horrific and vicious violence against African Americans during the era of lynching. She died in 1931….Click here to Read More

Vladimir Putin awards commemorative World War II medal to North Korean leader Kim Jong-un

On May 5, 2020, The Russian embassy in Pyongyang, North Korea announced that the Russian President Vladimir Putin has awarded North Korean Leader Kim Jong-un a commemorative war medal marking the 75^th anniversary of the victory over Nazi Germany….Click here to Read More
About North Korea:
Capital– Pyongyang.
Currency– North Korean won.

Nicholas C. Coops, Joseph J. Landsberg and Richard H. Waring shares the Marcus Wallenberg Prize 2020

Professors Nicholas C. Coops from Canada,  Richard H. Waring from the United Nations of America(USA), Joseph J. Landsberg from Australia shares the ‘Marcus Wallenberg Prize(MWP) 2020’ for 3-PG (Physiological Principles Predicting Growth), a model to predict forest growth in a changing climate.
About the MWP:
It was instituted by Stora Kopparbergs Bergslags AB at its annual meeting in 1980 to commemorate the services rendered by Dr. Marcus Wallenberg during his long term as member and chairman of the Board of Directors….Click here to Read More

APPOINTMENTS & RESIGNATIONS

7 member committee formed to enhance audit independence and accountability: MCA

The Ministry of Corporate Affairs(MCA) has constituted a 7 member committee to examine the comments received on the consultation paper floated by it & make recommendations which require any amendments in law, rules and standards so as to enhance audit independence and accountability….Click here to Read More
About MCA:
Union Minister– Nirmala Sitharaman (Constituency- Karnataka, Rajya Sabha)
Minister of State– Anurag Singh Thakur(Constituency- Hamirpur, Himachal Pradesh )

Panel formed to frame standard professional indemnity policy: IRDAI

The Insurance Regulatory and Development Authority of India(IRDAI) has set up a panel to frame standard professional indemnity policy for insurance intermediaries that can be issued by all the insurers. It is headed by  Yegnapriya Bharat, CGM (Non-Life), IRDAI….Click here to Read More
About IRDAI:
Headquarters– Hyderabad, Telangana.
Chairman– Subhash Chandra(C). Khuntia

Indian-American lawyer Ashok Michael Pinto as US representative to World Bank’s lending arm IBRD

On May 5, 2020, United States President Donald Trump nominated Indian-American lawyer Ashok Michael Pinto as a representative to the International Bank for Reconstruction and Development (IBRD), the World Bank’s lending arm. He was nominated as US Alternate Executive Director of IBRD for a period of 2 years….Click here to Read More
About World Bank:
Headquarters– Washington D.C., US.
President– David Robert Malpass.
Motto– Working for a World Free of Poverty.

Krishnan Ramachandran appointed as Managing Director & Chief Executive Officer of Max Bupa

Max Bupa Health Insurance appointed Krishnan Ramachandran as its new managing director(MD)  and Chief Executive Officer(CEO). He succeeds Ashish Mehrotra, after almost 5 years of service in its company….Click here to Read More
About Max Bupa Health Insurance:
Headquarters– New Delhi, India

       ACQUISITIONS & MERGERS        

KPTL completes sale of 100 percent stake in Kalpataru Satpura Transco to CLP India

On 5th May 2020, Kalpataru Power Transmission Limited(KPTL) announced the successful completion of the sale of the entire stake in Kalpataru Satpura Transco Private Limited(KSTPL) to CLP India Private Limited of CLP groups, one of  Asia’s largest investor-owned power business and from November 20, 2019, KSTPL ceased to be a subsidiary of the company….Click here to Read More
About CDPQ:
Chairman– Robert Tessier
President and CEO– Charles Emond
Founded in– 1965
Headquarters– Québec,Canada

SCIENCE & TECHNOLOGY

Union Minister Narendra Singh Tomar launched “The Saras Collection” on GeM portal from New Delhi

i.It aims to provide SHGs in rural areas with market access to Central and State Government buyers.
ii.TheSaras Collection is an initiative of GeM and the DeenDayalAntyodayaYojana-National Rural Livelihoods Mission (DAY-NRLM).
iii.The first phase is a pilot stage under which 913 SHGs from 11 States have already registered as sellers and 442 products have been on-boarded.
About DAY-NRLM:
DAY-NLRM aims to reduce poverty through promotion of diversified and gainful self-employment.
About GeM:
Government e Marketplace (GeM) is a 100 percent Government owned Section 8 Company set up as the National Public Procurement Portal to provide online, end to end solution for procurement of goods and services for all Central Government and State Government Ministries….Click here to Read More

DRDO Develops “UV blaster”,  Ultraviolet Disinfection Tower

On 4th May 2020, The Laser Science & Technology Centre(LASTEC), Delhi-based laboratory of the  Defence Research and Development Organisation(DRDO), Defence ministry with the assistance of New Age Instruments and Material Private Ltd., Gurugram developed “UV blaster” an ultraviolet(UV) disinfection tower for a quick and chemical-free sanitization of areas that are highly prone to the infection of novel coronavirus in method….Click here to Read More
About DRDO:
Defence Minister– Rajnath Singh
Chairman– G. Satheesh Reddy
Formed– 1958
Headquarters– New Delhi

SNBNCBS develops Nanomedicine to alter oxidative stress to treat COVID-19

On 30 th April 2020, The Scientists of S. N. Bose National Centre for Basic Sciences (SNBNCBS), Kolkata developed a nanomedicine, safe and cost-effective, to treat many diseases by altering oxidative stress in the body and the research will support the combat against the COVID-19 in India….Click here to Read More
About SNBNCBS:
Director– Samit Kumar Ray
Dean– BiswajitChakraborty
Established in– 1986
Location– Kolkata

COVID-19: CIMAP’s Herbal products ‘CIM-Paushak’ and ‘Herbal Cough Syrup’ boost immunity

Researchers at Central Institute of Medicinal and Aromatic Plants (CIMAP), Lucknow, have developed scientifically proven two herbal products ‘CIM-Paushak’ and ‘Herbal Cough Syrup’ which can boost the immunity of the persons as well as helps in reducing the dry cough symptom generally associated with the coronavirus infection….Click here to Read More
About Uttar Pradesh (UP):
Capital– Lucknow.
Chief Minister (CM)– Yogi Adityanath.
Governor– Anandiben Patel.

IMPORTANT DAYS

World Asthma Day 2020: May 5

World Asthma Day is observed annually on the first Tuesday of May and this year it was celebrated on May 5, 2020. The day is organized by the Global Initiative for Asthma (GINA) to improve asthma awareness and care around the world.
Theme for the year 2020: Enough Asthma Deaths.
About GINA:
GINA was launched in 1993 in collaboration with the National Heart, Lung, and Blood Institute (NHLBI), National Institutes of Health, USA, and the World Health Organization (WHO)….Click here to Read More

International Day of the Midwife 2020: May 5

The International Day of the Midwife is globally observed on 5th May of every year since 1992 to acknowledge the works of midwives and to raise awareness about their status. The First International Midwives Day was celebrated in 1991. The idea of this day was proposed in International Confederation of Midwives(ICM) Conference, the Netherlands in 1987. The theme of this year is “Midwives with women: celebrate, demonstrate, mobilise, unite – our time is now”. The World Health Organization (WHO) to commemorate the 200th birth anniversary of Florence Nightingale has designed the year 2020 as the “Year of Nurse and Midwife”….Click here to Read More
About ICM:
President– FrankaCadee
Vice President– Mary Kirk
Chief Executive– Dr. Sally Pairman
Headquarters– Hague, Netherlands

STATE NEWS

Jharkhand launches three schemes for rural job creation

On 4th May 2020, In Ranchi, Chief Minister, Hemant Soren launches three schemes, BirsaHarit Gram Yojana(BHGY), Neelambar Pitambar JAL Sammridhi Yojana(NPJSY) and Veer Sahid PotoHo Khel Vikas Scheme (VSPHKVS) to prove wage employment for the workers in the rural area devised in convergence with the Mahatma Gandhi National Rural Employment Guarantee Scheme(MGNREGA) in the presence of rural development minister Alamgir Alam, water resources minister Mithilesh Thankur and other administrative officials….Click here to Read More
About Jharkhand:
Capital– Ranchi
Official Bird– Asian Koel
Official Animal– Indian Elephant

West Bengal govt launches exit app for stranded people of other states

On May 5, 2020, The West Bengal (WB) state Home Secretary, Alapan Bandopadhyay announced that the WB Government (govt) launched an “exit app” for people of other states who are stranded in the state due to the lockdown and want to return to their native place.
Key Points:
i.About Exit app: The app can be downloaded from the state government’s ‘Egiye Bangla’ website.
ii.Persons willing to go back to their native states can apply online through this ‘Exit app’ and permission for the same will be practically automatic and extremely easy.
iii.The home secretary also requested the nodal officers of all neighbouring states to ease the exit of such people for reaching their native places.
About West Bengal:
Capital– Kolkata.
Chief Minister (CM)– Mamata Banerjee.
Governor– Jagdeep Dhankhar.

AC GAZE

Government hikes MSP for minor forest produce of 49 items

As per the order issued by Tribal Affairs Ministry, The Minimum Support Price(MSP) for Minor Forest Produce(MFP) of 49 items was raised in view of circumstances arising out of COVID 19, which also stated that the MSP for MFPs is revised once in every 3 years by the Pricing Cell constituted under the Ministry of Tribal Affairs. The increase across various items of MFP ranges from 16 % to 66%.

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