Top Current Affairs 23 March 2020: Current Affairs March 2020

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Top Current Affairs 23 March 2020

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Top Current Affairs 23 March 2020

India celebrates “Shaheed Diwas” or “Sarvodaya Diwas” on 23 March.

India celebrates “Shaheed Diwas” or “Sarvodaya Diwas” annually on 23 March to pay tribute to martyrs Bhagat Singh, Sukhdev Thapar, and Shivaram Rajguru. On 23 March 1931, three Indian freedom fighters namely Bhagat Singh, Sukhdev Thapar, and Shivaram Rajguru were hanged by the British rulers in Lahore jail. The three brave freedom fighters were sentenced to death in the Lahore conspiracy case.

World Meteorological Day observed globally on 23 March.

World Meteorological Day observed globally on 23rd March every year. The day underlines the efforts of National Meteorological and Hydrological Services for the safety and well-being of society. This year, World Water Day and World Meteorological Day share the same theme: “Water and Climate Change”.

Production Incentive Scheme for Electronics Manufacturing approved.

The Union Cabinet has approved Production Incentive Scheme for Large Scale Electronics Manufacturing. The Government of India has proposed production linked incentives through Production Incentive Scheme to boost domestic manufacturing and to attract large investments in mobile phone manufacturing. Cabinet has also approved financial assistance to the Modified Electronics Manufacturing Clusters Scheme (EMC2.0) for development of world class infrastructure through Electronics Manufacturing Clusters.

Netflix establishes $100 mn fund for film and TV workers.

Netflix Inc (NFLX.O) has announced the formation of $100 million fund to help workers on film and television productions that have been impacted due to the global coronavirus outbreak. Out of $100 million fund, company will contribute $15 million to third parties and non-profit organizations that were providing emergency relief suspended crew and cast members in countries where Netflix has a large production base.

Punjab becomes 1st state to impose curfew amid COVID-19.

The state government of Punjab has imposed a curfew across the state with no relaxations. The Punjab government has took this decision to stop the spread of coronavirus.

Uttarakhand abolishes quota in promotion for govt employees.

Uttarakhand government has abolished reservation in promotion in the state government jobs. The government employees from the General-OBC category in the state had been staging a protest, demanding the implementation of the Supreme Court’s decision on the issue.

RBI to conduct variable rate Repo auctions for Rs 1,00,000 crores.

The Reserve Bank of India has decided to conduct the variable rate Repo auctions as a preventive measure to bridge over any frictional liquidity requirements caused by COVID-19. The RBI will conduct fine-tuning variable rate Repo auctions for Rs 1,00,000 crores in two tranches.

SBI launches “Covid-19 Emergency Credit Line”.

The State Bank of India has launched an additional liquidity facility “Covid-19 Emergency Credit Line (CECL)” to meet any liquidity mismatch for its borrowers in order to tide over the current crisis situation. With CECL, SBI will facilitate funds up to Rs 200 crore which will be available till June 30, 2020. The facility would be available for all standard accounts which have not been classified as Special Mention Accounts (SMA) 1 or 2 as on March 16, 2020.

Fitch Ratings slashes India’s GDP growth rate to 5.1% for FY21.

Fitch Ratings has reduced India’s GDP growth rate from 5.6% to 5.1% for the fiscal year 2020-21. The reduction in India’s growth outlook has been due to the Covid-19 impact on Indian manufacturers after supply chain disruptions in China.

ICICI Lombard launches policies to cover Covid-19 patients.

ICICI Lombard has launched a 1 year-long “COVID-19 Protection Cover” which will pay 100% of the sum insured to the COVID-19 positive individual, irrespective of hospitalization expenses. The insurance policy will provide value-added benefits such as Health Assistance and CHAT/Virtual assistance, teleconsultation and ambulance assistance, as part of the offering.

SIDBI to launch ‘Swavalamban express’ for new entrepreneurs.

Small Industries Development Bank of India (SIDBI) has decided to launch a special train ‘Swavalamban Express’ to empower budding entrepreneurs under its mission Swavalamban. It will construct an inter-connected small enterprise ecosystem that will include business aspirants, mentors, experts and experience at all.

A book entitled ‘Messiah Modi: A Great tale of expectations’ released.

A book entitled ‘Messiah Modi: A Great Tale of Expectations’ penned by senior journalist & author Tavleen Singh has been released. The book has been published by HarperCollins India. The book talks about helpless dissatisfaction with Narendra Modi the Prime Minister (PM), his cabinet, the story of his first term as a journey from lynchings to demonetization up to Article 370, the foremost controversial law CAA (Citizenship Amendment Act), implementation of National Register of Citizens (NRC) & the guarantees he made in his first term.

Veteran director M.R. Viswanthan passes away.

Veteran director Meenakshisundaram Ramasamy Viswanthan, popularly known as Visu in the Tamil film industry has passed away. He was an actor, director and writer who also hosted live-debates on television. He started his career as an assistant under the legendary filmmaker K Balachander.

Priyanka Chopra works jointly with WHO to spread awareness over COVID-19.

Actor Priyanka Chopra works jointly with the World Health Organisation (WHO) to spread awareness over COVID-19. Priyanka urged followers to rely on authentic sources of information about coronavirus and arranged an Instagram live with top personnel of the World Health Organization (WHO) to raise awareness about the pandemic.

Satyarup Siddhanta becomes 1st Indian to complete volcanic Seven Summit.

Indian mountaineer Satyarup Siddhanta entered ‘Limca Book of Records’ (LBR) for his extraordinary achievements, as the first Indian to climb the highest volcanoes of each of the 7 continents. He also holds the record as the youngest mountaineer in the world to climb both 7 peaks and 7 volcanic summits.

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