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Important Current Affairs 11th May 2020

National

India starts “Mission Sagar” to assist island nations in EIO

  • The Government of India has launched Mission Sagar on 10 May 2020 as part of it’s outreach initiative towards assisting five Island nations in the Indian Ocean amidst the ongoing current situation.
  • Under the mission, Indian Naval Ship (INS) Kesari has been deployed, carrying on board two medical assistance teams, essential Food Items and Medicines and Special Ayurvedic Medicines five to Island countries in the Indian Ocean. The five countries are Maldives, Mauritius, Seychelles, Madagascar and Comoros.
  • The mission is inspired by Prime Minister Narendra Modi’s vision of SAGAR (Security and Growth for All in the Region) and is in line with India’s role as the first responder in the region.

Banking and Economy

Government hikes its market borrowing to Rs 12 lakh crore from Rs 7.80 lakh crore for FY 21

  • The Finance Ministry has informed that Government has hiked its estimated gross market borrowing to Rs 12 lakh crore(additional Rs 4.2 lakh crore) from Rs 7.80 lakh crore for Financial Year(FY) 2020-21 as per the Budget Estimates(BE) so as to tackle the expected shortfall in revenue.
  • The borrowing happens by issuing dated securities and treasury bills, the purchase and sale of which is conducted by the Reserve Bank of India (RBI).

Awards

Startup India-Animal Husbandry Grand Challenge awards 

  • Union Minister for Fisheries, Animal Husbandry and Dairying, Giriraj Singh has presented the award to the winners of “Startup India-Animal Husbandry Grand Challenge”.
  • The challenge was open for application to Startups from 11th of September, 2019 to 15th of November, 2019 on the Startup India portal – www.startupindia.gov.in. 

Days

National Technology Day

  • The National Technology Day is observed every year on May 11 since 1999 to mark the anniversary of 1998 Pokhran nuclear tests and India’s technological advancements in space.
  • It was on this day in 1998 that India successfully fired an Operation Shakti missile at the Indian Army’s Pokhran Test Range in Rajasthan. The Test was led by late aerospace engineer and President Dr. APJ Abdul Kalam.

Mother’s day 2020

  • Mother’s day is celebrated on every second Sunday of May month and this year, it’s falling on 10th May 2020. Mother’s Day is widely known to salute the motherhood, to extend the influence of mothers within the society, to extend the maternal bonds to children, etc.
  • In 1914 President Woodrow Wilson declared second Sunday of May as an official holiday in the United States.