Current Affairs Exams

 The National Highways Authority of India (NHAI) has been penalised with amount of Rs 7 lakh by the Securities and Exchange Board of India (SEBI). SEBI has imposed the penalty on NHAI for delay in disclosing half yearly financial results between FY16 and FY19. The penalty has been imposed on the basis of SEBI’s listing obligation and disclosure norms (LODR) according to which half yearly results have to be filed within 45 days from the end of the half year. The National Highways Authority of India (NHAI) delayed in disclosing half yearly financial results ranging from 4 days to 78 days.

 Airtel Payments Bank has collaborated with Mastercard to create customised financial products for Indian farmers and Small and Medium Enterprises (SMEs). These financial products particularly for those territories where there is less access to bank administrations. The coordinated effort will unite Mastercard’s worldwide and nearby involvement with developing advanced financial solutions and Airtel Payments Bank’s circulation system to arrive at the last mile and its large customer base. The association targets constructing a computerized stage which gives farmers information about advanced farming techniques and association with commercial centres, while at the same time empowering them to receive payments directly in their Airtel Payments Bank account.

 Indian-American IBM scientist, Rajiv Joshi has bagged the prestigious NYIPLA “Inventor of the Year award” for the year 2020. This award is given for his contribution to advancing the electronic industry and improving artificial intelligence (AI) capabilities. Dr Joshi works at the IBM Thomson Watson Research Center in New York. This award is presented by the New York Intellectual Property Law Association (NYIPLA). The inventor of the year is awarded every year to honour the contribution of an inventor towards society and the winner will be awarded $5,000.

 Indian Army officer Major Suman Gawani is going to be awarded the UN Military Gender Advocate of the Year 2019. This will be the first time that an Indian Peace Guard will be awarded this award. Major Suman was stationed in South Sudan under the United Nations Mission. Recently she has completed her mission. Gawani joined the Indian Army in 2011 where she graduated from the Officers Training Academy, then joined the Army Signal Corps. She hails from Pokhar village in Tehri Garwhal, Uttarakhand. The award is going to be presented to Major Suman Gawani and Brazilian military officer Commander Carla Monteiro de Castro Araujo during a web ceremony chaired by UN Secretary-General Guterres on May 29, the International Day of the United Nations Peacekeepers. These two women peacekeepers were described as “powerful role models” by the UN Chief Antonio Guterres. Major Suman Gawani is that the first Indian peacekeeper to win the award. She is a Military Observer, formerly deployed to the UN Mission in South Sudan (UNMISS). Military Supervisor Suman Gawani has recently completed a mission in South Sudan in addition to his tenure with UNMISS.

 Power Finance Corporation (PFC), the central PSU under Ministry of Power has signed an MoU with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya Pradesh, to fund various power projects to be executed in the State of Madhya Pradesh. The funds of worth Rs 22,000 crore will be deployed by NBPCL for setting up hydroelectric projects of 225 MW along with power components of 12 other major multipurpose projects to be executed in Madhya Pradesh. Some of the major multipurpose projects for which PFC has signed MoU with NBPCL includes Chinki Boras Multipurpose Project Narsinghpur Raisen Hoshangabad, Dudhi Project Chhindwara Hoshangabad, Basaniya Multipurpose Project Dindori, Sakkar Pench Link Narsinghpur Chhindwara etc.

  Life Insurance Corporation of India (LIC) has announced the launch of the Pradhan Mantri Vaya Vandana Yojana, which is a social security scheme for senior citizens. This plan starts from May 26 for three financial years up to March 31, 2023. LIC is solely authorised to work this scheme, which works as a Non-Linked, Non-Participating, Pension Scheme subsidised by the Centre. The policy term is of 10 years and for policies sold during the first financial year up to March 31, 2021, the scheme will provide an assured rate of return of 7.40 per cent once a year payable monthly (which is like 7.66 per cent per annum) for the whole duration of 10 years.

 Ministry of Minority Affairs flagship programme ‘Hunar Haat’ will restart from September 2020 with the theme of “Local to Global”. This Platform is for artisans and craftsmen from various parts of the country to showcase their art and craft. This platform has provided employment and employment opportunities to more than five lakh Indian artisans, craftsmen, culinary experts and other people associated with them in the last five years. Hunar Haat provides market and opportunity to master artisans and craftsmen from remote areas of the country, has become a credible brand of rare exquisite indigenous handmade products. There will be a special “Jaan Bhi, Jahaan Bhi” pavilion to create health awareness among the people with the theme of “Say no to panic, yes to precautions”.

 Union Minister for Road Transport, Nitin Gadkari has inaugurated the 440 metre-long tunnel as part of the Chardham Connectivity Project in Chamba. The tunnel will significantly reduce the time taken by travellers on the Rishikesh-Dharasu and Gangotri stretch of the Chardham Highway (NH 94). Under the Chardham Project costing around 12 thousand crore rupees approximately 889 Kilometres of Highway Construction is to be done. BRO has been entrusted for construction of 250 Kilometre-stretch leading to holy shrine Gangotri and Badrinath. The tunnel has been developed by the Border Roads Organisation (BRO). 

 Micro, Small and Medium Enterprises (MSMEs) E-conclave was chaired by the Raksha Mantri Rajnath Singh. The virtual conference of MSMEs E-conclave was organised jointly by the Department of Defence Production, Confederation of Indian Industry (CII) and Society of Indian Defence Manufacturers (SIDM). The E-conclave was held with the theme ‘Business Continuity for MSMEs in Defence & Aerospace Sector’. The conclave featured the participation of more than 800 Defence MSMEs units. During the conclave, Raksha Mantri Rajnath Singh emphasized and applauded the role played by Society of Indian Defence Manufacturers (SIDM) and other Micro, Small and Medium Enterprises (MSMEs) in India’s fight against global COVID-19 pandemic.

 REC Limited has partnered with TajSATS, a joint venture of IHCL and SATS Ltd, to provide nutritious meals to frontline healthcare workers. Both entities are leading the mission to provide meals to the medical staff in key government hospitals along with poor daily wage labourers across the nation. Over 18,000 meals are planned to be delivered in New Delhi through this initiative. REC Limited is a Navratna NBFC which has distributed more than 4.58 lacs Kilograms of food grains, 1.26 lac meal packets, 9600 litres of sanitizers, 3400 PPE kits and 83000 masks across the nation amid the nationwide lockdown due to COVID-19 pandemic.


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