Current Affairs in Short: 22 March 2020 www.arvindparmar.com

Current Affairs in Short: 22 March 2020. www.arvindparmar.com

Daily Current Affairs 2020 [Arvind Parmar]

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Daily Current Affairs 2020 [Arvind Parmar]

Current Affairs in Short: 22 March 2020. www.arvindparmar.com

Current Affairs 22^nd March 2020

22^nd March: World Water Day

·         World Water Day is an annual UN observance day (22 March) that highlights the importance of freshwater. The day is used to advocate for the sustainable management of freshwater resources.

·         World Water Day is celebrated around the world with a variety of events. These can be theatrical, musical or lobbying in nature. The day can also include campaigns to raise money for water projects. The first World Water Day, designated by the United Nations, was in 1993.

Theme of 2020: Water and Climate Change

Theme of 2019: Leaving no one behind

A committee sets up by Financial Commission to review the fiscal consolidation road map

·         A committee sets up by Financial Commission to review the fiscal consolidation road map of state and central government on 19^th March, 2020.

·         15^th Financial Commission Chairman N. K. Singh headed the committee.

15^th Financial Commission:

Formed: 27 November 2017

Headquarters: New Delhi

N.K.Singh

Minister: Nirmala Sitharaman (Minister of Finance)

DeputyMinister: Anurag Thakur (Minister of State for Finance)

Chairman: N.K.Singh

Member: 1) Ajay Narayan, 2) Prof. Anoop Singh, 4) Dr. Ashok Lahiri, 3) Prof. Ramesh Chand (Part-time), 5) Arvind Mehta (Secretary)
ParentDepartment: Department of Economic Affairs, Ministry of Finance

Fitch Ratings cuts India’s growth forecast to 5.1% for financial year 2020-21 from 5.6%

·         Fitch Ratings in its Global Economic Outlook 2020 has declined India’s growth forecast to 5.1% for financial year 2020-21 due to the coronavirus outbreak.

·         For FY 2021-22, Fitch has projected India’s growth at 6.4%.

·         Due to coronavirus outbreak, Fitch Ratings lowered the Global Growth forecast for 2020 to 1.3% from 2.5% which is predicted in December 2019.

·         The growth reduce to 1.3% in 2020 which is weaker than 1990 and 2001 global growths.

·         Fitch projected India’s growth at 5.6% for 2020-21 and 6.5% in the FY2021-22 in December 2019.

FITCH Rating:

Industry: Financial services

Founded: 1914; 106years ago

Founder: john Knowles Fitch

Headquarters: 1. New York City, New York, U.S.          2. London, United Kingdom (Dual Headquarters)

CEO: Paul Taylor

President: Ian Linnell

Whatsapp launches Coronavirus Information Hub

·         WhatsApp has launched a plan around helping governments, health organizations and community workers communicate truthful, helpful information to people during the global coronavirus pandemic.

·         The hub, in partnership with World Health Organization, Unicefand UNDP, will be aimed at health workers, educators, community leaders, nonprofits, local governments and local businesses, giving them provide simple and actionable guidance for communicating using WhatsApp during the crisis.

·         The company is also giving $1m to the Poynter Institute's International Fact-Checking Network (IFCN), which it says will be used to fund the #CoronaVirusFacts Alliance, a group which includes 100 local organizations in over 45 countries.

WHO: World Health Organization

Formation: 7 April 1948; 71 years ago

Type: United Nations specialized agency
Headquarters: Geneva, Switzerland

DirectorGeneral: TedrosAdhanom
UNICEF: United Nations International Children’s Emergency Fund

Formation: 11 December 1946; 73 years ago
Type: Fund
Headquarters: New York City, U.S.

DirectorGeneral: Henrietta H. Fore
UNDP: United Nations Development Programme
Formation: 22 November 1965

Type: Programme
Headquarters: New York City, U.S.

Administrator: Achim Steiner

PM Modi formed COVID-19 Economic Response Task Force headed by Finance Minister

·         Prime Minister Narendra Modi has declared the formulation of COVID-19 Economic Response Task Force, to be led by Union Finance Minister Nirmala Sitharaman on March 19, 2020. Its objective is to handle the economic challenges arising because of novel coronavirus outbreak.

·         Sitharaman held a meeting with the Ministry of Micro, Small and Medium Enterprises (MSME) Minister Nitin Gadkari, Civil Aviation Minister Hardeep Singh Puri, Animal Husbandry Minister Giriraj Singh and Tourism Minister Prahlad Singh Patel to assess the situation.

Roles of task force:

·         It should maintain a regular touch with all stakeholders, take their feedback and make decisions accordingly.

·         The task force is mandated to execute measures to reduce the economic difficulties facing by various sectors.

‘COVID-19 Protection cover’ introduced by ICICI Lombard for Coronavirus positive cases

·         ICICI (Industrial Credit and Investment Corporation of India) Lombard company has introduced a 1 year-long “COVID-19 Protection Cover”.

·         This policy will pay 100% of the sum insured to the COVID-19 positive individual, irrespective of hospitalization expenses.

·         It provides a sum insured of 25,000 including value-added benefits such as Health Assistance and CHAT/Virtual assistance, teleconsultation and ambulance assistance, as part of the offering.

·         18 to 75 year’s age group are eligible for COVID-19 protection cover.

·         At a premium of Rs. 149. Launched in group insurance mode

·         This policy is about 1 year long and limited to geographical boundaries of India.

·         It does not include people with travel history to any overseas location post-December 31, 2019, people quarantined for suspected COVID-19 or diagnosed with COVID-19 prior to the risk inception date or within the initial 14-Day waiting period.

·         “NibhaayeVaade”: This policy is introduced on the lines of ICICI Lombard’s ethics.

ICICI Lombard: Industry: Insurance

Founded: 2001

Headquarters: ICICI Bank Towers, Bandra, Mumbai

MD: BhargavDasgupta

Parent: ICICI Bank

ICICI:

Industry: Banking, Financial services

Founded: 5 January 1994, 26 years ago

Headquarters: ICICI Bank Towers, Bandra, Mumbai

Chairman: Girish Chandra Chaturvedi

MD&CEO: Sandeep Bakhshi

Indian mountaineer SatyarupSiddhanta enters ‘Limca Book of Records’

·         Satyarup is the first Indian to climb the highest volcanoes of each of the seven continents.

·         Satyarup also have the record as the youngest mountaineer in the world to climb both 7 peaks and 7 volcanoes.

7       volcanic summits of Satyarup Shiddhanta:

Styarup Siddh

1)      Mount Pico de Orizaba (5636 m), Mexico - North America

2)      Ojos-del-Salado (6893 m), Chile - South America

3)      Mount Elbrus (5642 m), Russia – Europe

4)      Mount Damavand (5610 m), Iran – Asia

5)      Mount Kilimanjaro (5895 m), Tanzania - Africa,

6)      Mount Giluwe (4367 m), Papua New Guinea – Australia

7)      Mount Sidley (4285 m) - Antarctica.

SatyarupSiddhanta:
Born: 29^th April, 1983, Kolkata
Nationality: Indian
Occupation: Mountaineer/Engineer
Records: Guinness Book of World Records, Asia book of records, India book of Records, Champion Book of Records, British Book of Records etc.,

Limca Book of Records:

Editor: VatsalaKaul Banerjee
Country: India
Language: English
Subject: National Records by Indian
Published: 1990 – present
Publisher: Coca – Cola India

Short Notes

·         Road and Transport Minister Nitin Gadkari informed that after the introduction of new Motor Vehicles Act, The number of accidental deaths have been reduced by 10%.

·         As per the ‘World Population Prospects 2019’ report, India’s population reached 1.36 billion (136 crore) in mid-2019.

·         Himachal Pradesh State government launched Police Station Visitor Survey System and e-Night Beat checking System for Himachal police in Shimla.

·         The Cannes film festival will not take place as planned in May because of the coronavirus. Cannes film festival was scheduled to take place in France.

·         Recently,P.K.Banerjee passed away. He was associated with Football. The 1962 Asian Games gold medalist was conferred with Arjuna award and Padma Shree.