Professional Documents
Culture Documents
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NATIONAL AFFAIRS
Virtual Meeting of G20 Trade and Investment Ministers: Piyush Goyal participates
On March 31, 2020 The G20 Trade and Investment Ministers meeting was held virtually where Union
Minister of Commerce & Industry Piyush Goyal participated through video conference.
MCA introduces the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement
Scheme, 2020” as a relief measure from COVID-19 for companies and LLPs
In order to provide relief to law-abiding companies and Limited Liability Partnerships (LLPs) from the COVID
19 impact, the Ministry of Corporate Affairs (MCA), has introduced the “Companies Fresh Start Scheme, 2020”
and revised the “LLP Settlement Scheme, 2020”.
Both schemes provide a one-time waiver of additional filing fees for delayed filings by the companies or
LLPs with the Registrar of Companies (ROCs) during the period starting from 1st April, 2020 and ending on
30th September, 2020.
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Govt extended upto Rs 3 lakh crop loan interest benefits to farmers till May 31
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On March 31, 2020, the government has extended the benefit of 2% interest subvention (IS) to banks and 3%
prompt repayment incentive (PRI) to all farmers up to May 31, 2020 for all crop loans up to 3 lakh which have
become due or are becoming due between March 1 and May 31, 2020. The decision has been taken due to the
national lockdown situation to prevent COVID-19 infection.
The lockdown has restricted movement of people therefore farmers are facing difficulty in visiting bank
branches.
Also, the hassle in timely sale and receipt of payment of their produce, farmers may be facing monetary
issues in repayment of their crop loans.
This extension will help farmers to payback the loan and also become eligible for loans in next financial year.
Point to be noted:
The government provides concessional crops loans to farmers through banks with 2% per annum interest
subvention to banks and 3% additional benefit on timely repayment to farmers. So, overall the govt. is
providing loans up to Rs 3 lakh at 4% per annum interest on timely repayment.
Currently, an investor can invest Rs 3.17 lakh crore in Indian corporate bonds through FPI but with this hike
investor can hold Rs 4.29 lakh crore of corporate bonds for the half year ended September 2020, and Rs 5.41
lakh crore for the half year ending March 2021.
RBI enabled FAR for investment by non-residents in G-Secs
Apart from raising FPI limit in corporate bonds, RBI has also enabled a Fully Accessible Route (FAR) for
investment by non-residents in government securities.
All new issuances of government securities of 5-year, 10-year and 30-year tenors from the FY20-21, will be
eligible for investment under the FAR.
The limits for FPI investment in Central Government securities (G-secs) and State Development Loans (SDLs)
for FY 2020-21, separately.
This scheme shall operate along with the two existing routes, viz., the Medium Term Framework (MTF) and the
Voluntary Retention Route (VRR),” the RBI said.
Following table showing the current limit for FPI in G-secs and SDLs
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Category G-Sec General G-Sec Long Term SDL General SDL Long Term
FPI(Crore) 2,46,100 1,15,100 61,200 7,100
What is FPI?
It is an investment by non-residents in Indian securities including shares, government bonds, corporate bonds,
convertible securities, infrastructure securities etc. It should be noted that FPI does not provide direct control
over the assets or the businesses.
In a 1st, BhartPe partners with ICICI lombard to launch ‘COVID-19 protection insurance cover’
for shopkeepers
On March 30, 2020, For the first time, BharatPe, a New Delhi-based startup that is doing payment transaction
business, has entered into the partnership with ICICI Lombard General Insurance Company Limited, a
general insurance company in India, to introduce ‘COVID-19 Protection Insurance Cover’ for shopkeepers,
who are most affected financially due to Coronavirus (COVID-19) outbreak.
Key Points:
i.According to this policy, 100% of the sum assured will be paid to the policyholder for the diagnosis of
Coronavirus. This includes expenses incurred after hospitalization.
ii.The ICICI Lombard Health Cover, available on the BharatPe app, provided at a reasonable cost & offers a
premium starting from Rs 199 and a sum assured of Rs 25,000 and value-added benefits. Along with health
assistance,teleconsultation, ambulance assistance and many attractive offers have been made. It will cover
everyone in the age group of 18 to 65 years.
About BharatPe:
Headquarters– New Delhi
CEO & Co-founder– Ashneer Grover
About ICICI Lombard General Insurance Company Ltd:
Headquarters– Mumbai, Maharashtra
MD– Bhargav Dasgupta
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ADB grants $60 million to Aavas financiers to improve women’s access to housing in India
On March 31, 2020, Asian Development Bank (ADB), a regional development bank, has signed a loan
agreement worth of $60 million with affordable housing loan provider Aavas Financiers Ltd to provide
housing finance to women in low-income communities either as primary borrowers or co-borrowers.
Key Points:
i.The grant, provided under the ADB’s supporting access to housing finance for women and in lagging states
project, will help increase higher rates of property ownership for women in lower-income groups.
ii.At present, India saw the acute housing shortage of 18.7 million units in urban region & 43.7 million units in
rural region, that mostly affecting low-income groups, who are facing major problems in receiving mortgages
including a lack of documents to prove their incomes.
iii.Earlier the ADB announced to invest $100 million in Indian infrastructure sector through National
Investment and Infrastructure Fund (NIIF).
About Aavas Financiers Ltd:
Headquarters– Jaipur, Rajasthan
Managing Director and CEO– Sushil Kumar Agarwal
About Asian Development Bank (ADB):
Headquarters– Mandaluyong, Philippines
President– Masatsugu Asakawa
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The Ministry of Tourism has launched a portal ‘Stranded in India’ as a support network to help foreign
tourists who are stuck in various parts of India. Its web address is strandedinindia.com.
The portal consists of information around Covid-19 helpline numbers and call centres that foreign tourists can
reach out for help, information around Ministry of External Affairs (MEA) control centers along with their
contact information and information around state-based/regional tourism support infrastructure.
The COVID-19 helpline number for foreign tourists stuck in India is +91-11-23978046 or 1075.
Pune Woman behind First Indian made testing tool “Pathodetect Covid-19 Kit”
Virologist Minal Dakhave Bhosale from Pune had headed the designing team for the corona virus testing kit
called ‘Mylab PathoDetect COVID-19 Qualitative PCR kit’.She is the research and development chief
of Mylab Discovery Solutions in Pune, the first Indian company has received full approval to make and sell
Covid-19 testing kits.
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Key Points:
i.Mylab Discovery Solutions , Pune-based molecular diagnostics company had created a history by developing
the first made in India for Covid-19 diagnostic test kits (also known as the Reverse transcription
polymerase chain reaction (RT-PCR) tests) in a six weeks of time period.
ii.This became the first kit which obtained a commercial approval from Indian FDA/ Central Drugs Standard
Control Organisation (CDSCO) and is named as’ Mylab PathoDetect COVID-19 Qualitative PCR kit’.
Also Germany’s Altona Diagnostics is other company to get the approval for same.
iii.Mylab has received clearance from Drugs Controller General of India (DCGI) to manufacture the COVID-
19 Qualitative kit. The Mylab COVID-19 kit has been evaluated at Indian Council of Medical Research (ICMR).
iv.‘Mylab PathoDetect COVID-19 Qualitative PCR kit screens and detects the infection within 2.5 hours,
compared to 7+ hours taken by current protocols and Mylab could manufacture up to 1 lakh test kits in a week.
v.Minal Dakhave Bhosale submitted the complete design of the kit a day before giving birth to her daughter.
Motive behind the invention:
India is currently testing 6.8 per million populations which considered as lowest compared to other countries
in this difficult circumstance. Indian government is receiving millions of testing kits from Germany to diagnose
Corona virus patients.
Additional Info about Mylab
Mylab has an experience of several years in manufacturing of RTPCR kits and manufactures a range of kits at
the facility approved by Indian FDA/CDSCO and compliant with MDR 2017 regulation for manufacturing
medical devices of Class C and D, the most stringent and regulated products by the government. Mylab
currently manufactures ID-NAT screening kits for blood banks/hospitals, Quantitative HIV, HBV and HCV kits.
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not.
v.One colour will identify a user who has never come in contact with an infected person, another will indicate if
a user is in close proximity.
SPORTS
IOC: Tokyo Olympics rescheduled to July 23- August 8 in 2021
On March 30, 2020, The IOC (International Olympic Committee) and the Japanese organisers
of Tokyo Olympic & Paralympic games headed by Yoshiro Mori, announced the rescheduled dates of the
32nd edition of Tokyo Olympics that will be held in Tokyo, Japan from July 23 to August 8, 2021, almost exactly
a year after the games were to commence in 2020.
The Paralympics dates were also confirmed from August 24 to September 5, 2021.
Key Points:
i.The Tokyo Olympics were postponed due to Coronavirus (COVID -19).
ii.The motto of the Tokyo Olympics is “United by Emotion”.
iii.World Swimming Championships: The International Swimming Federation has postponed the World
Swimming Championships to 2022, as it was scheduled on July 16 to August 1, 2021 in Fukuoka, Japan.
World athletics championships get postponed to 2022
The World Athletics organization announced that the new Tokyo Olympic dates will conflict with the scheduled
World athletics championships going to be held in Eugene, Oregon, US (United States) will be postponed to
2022. The World Athletics Championships were scheduled on August 6 to August 15, 2021.
About International Olympics Committee (IOC):
Headquarters– Lausanne, Switzerland.
President– Thomas Bach.
About World Athletics:
Headquarters– Monaco.
President– Sebastian Coe.
OBITUARY
Legendary historian Arjun Dev passes away at 81
On March 29, 2020, Professor Arjun Dev, the legendary historian and educationist passed away at the age of
81 in Noida, Uttar Pradesh (UP). He was born on November 12, 1938 in Leiah, West Punjab (now in Pakistan).
Key Points:
i.About Arjun Dev: He served as a historian at the National Council of Education Research and Training
(NCERT). He also co-wrote some of the extremely popular textbooks with his wife Indira Arjun Dev.
ii.Arjun Dev served as Member Secretary of the National Steering Committee on Textbook evaluation.
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iii.One of his books, which was discontinued by NCERT and was republished by Orient Blackswan as “History of
the World: From the Late 19th to the Early 20th century”, has remained a widely read text.
Key Points
i.She becomes the 1st Iranian author to be named in the Prize. She has authored essays, articles, & children’s
books.
ii.It is her 1st novel to be translated in English which was originally written in Farsi(Persian) & also was
shortlisted for Australia’s Stella Prize for Fiction.
iii.The novel is about the unbreakable connection between the living and the dead. The core of the story is
based on the hardships and sorrows of everyday life in Iran after the Islamic Revolution in 1979 which is
narrated by the ghost of a 13-year-old girl, Bahar.
iv.The prize is given to a single novel or short-story collection translated into English and published in Britain
or Ireland.
The book titled- ‘Backstage: The Story Behind India’s High Growth Years’ authored by Padma
Vibhushan Montek Singh Ahluwalia
The Economist, civil servant & Deputy Chairman of the Indian Planning Commission, with the rank of Cabinet
Minister, from July 2004 to May 2014 & Padma Vibhushan awardee(2011) Montek Singh Ahluwalia authored
a book titled ‘Backstage: The Story Behind India’s High Growth Years’ which captures the essence of
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Key Points
i.The book states about India’s spectacular economic growth and its historic achievements in poverty
alleviation during the 10-year tenure of the United Progressive Alliance (UPA), as well as allegations of policy
freeze and corruption in India’s recent history & is published by Rupa Publication.
ii.He has served in a number of positions in Government of India like, – Special Secretary to the Prime Minister,
Commerce Secretary etc., and also worked with the World Bank & the International Monetary Fund.
Key Points:
i.The book states about her cinematic journey from child star to megastar & also give glimpses of her as a
person, sister, mother & wife.
ii.Satyarth Nayak is known for his bestselling novel The Emperor’s Riddles(2014), a historical thriller.
iii.He has won the Youth Inspiration Award (Literature) 2017, Shri Award for Men Achievers (Literature)
2016,South Asian Association for Regional Cooperation (SAARC)Heal Honour Award 2008.
STATE NEWS
Nagaland CM launched Self Declaration COVID-19 App
Nagaland CM (Chief Minister) Neiphiu Rio launched the Self Declaration COVID-19 application at Kohima,
Nagaland. The app is crucial for tracking and surveillance of high-risk cases.
Key Points:
i.The app will be mandatory for any person who entered Nagaland after March 6, 2020.
ii.The app can be downloaded from the website nagalandhealthproject.org. The user will be directed to click
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AC GAZE
PM Modi holds first ever video conference with 130 heads of Indian missions
Prime Minister Narendra Modi held a video conference with 130 heads of India’s diplomatic missions and
urged them to assist Indian nationals who are stranded in various countries that are severely affected by the
outbreak COVID-19 pandemic.
Princess Maria Teresa of Spain becomes 1st royal to pass away from COVID-19
Spanish Princess Maria Teresa of Bourbon-Parma has become the first royal to pass away due to Covid-19
complications who was born on July 28, 1933, and studied in France and became a professor at Paris’ Sorbonne
as well as a professor of Sociology at Madrid’s Complutense University. She was known for her outspoken views
and activist work, which led to her nickname the “Red Princess.”
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