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Important Current Affairs 28th April 2020

National

Madhya Pradesh govt launches Jivan Shakti Yojana for women

• Madhya Pradesh government has launched the “Jivan Shakti Yojana” for women and aims at providing home-based employment for women.

• Under this scheme, women entrepreneurs of urban areas in MP can start the construction of masks by registering themselves on a portal.

JioMart becomes live of WhatsApp

• Following the Facebook-Jio deal, Reliance Industries has now launched its e-commerce platform Jiomart on WhatsApp for retail of grocery items. The JioMart WhatsApp number is 8850008000.

• In order to place order through JioMart, customers need to add this number on their phones. As of now, the JioMart services will be available only in suburban areas of Mumbai

• JioMart, introduced in January 2020, is an Online-to-Offline (O2O) e-Commerce platform of Reliance that deals retail of groceries through local Kirana stores. JioMart is a joint venture between Reliance  Retail and Reliance Jio Platforms.

Banking and Economy

RBI announces Rs 50,000 crore special liquidity support to mutual funds

• The Reserve Bank of India recently allocated Rs 50000 crore funds as a special liquidity facility for mutual funds to ease of the liquidity strains. The closure of some debt Mutual Funds has intensified the liquidity pressure on mutual funds.

• Banks can use the funds available under the SLF-MF for meeting the liquidity requirements of MFs by:

 extending loans, and

 undertaking outright purchase of and/or repos against the collateral of

o investment-grade corporate bonds,

o commercial papers (CPs),

o debentures and

o certificates of Deposit (CDs) held by MFs.

Ind-Ra cuts India's FY21 GDP growth further to 1.9%, lowest in 29 yrs

• India Ratings and Research (Ind-Ra) has predicted India’s GDP growth rate for 2020-21 (FY21) at 1.9%. Earlier this was 3.6%.

• According to Ind-Ra, India’s GDP growth rate has been in contraction (means negative) for 5 times. These 5 years are-> in 1957-58 was negative 0.4%, in 1965-66 it was negative 2.6%, in 1966-67 it was negative 0.1%, in 1972-73 it was negative 0.6%, and in 1979-80 it was negative 5.2%.

Science and Technology

NASA’s Hubble Space Telescope Completes 30 Years in Orbit

• The Hubble Space Telescope, built by the United States space agency NASA with contributions from the European Space Agency (ESA), has completed 30th year in orbit on 25 April 2020.

• The Hubble Space Telescope was deployed on 25 April 1990.

• This space telescope was named after American astronomer Edwin P Hubble, who confirmed that our universe was constantly expanding.

Ranking

India third-largest military spender after US, China in 2019: SIPRI report

•India has become the third-largest military spender in the world after the United States and China, as per Stockholm International Peace Research Institute (SIPRI) report. India and China were for the first time among the top three military spenders.

•India’s military spending grew by 6.8 percent to $71.1 billion in 2019, as per the SIPRO report on “Trends in World Military Expenditure, 2019”. This was the highest expenditure on the military in South Asia.

•The total global military expenditure rose to $1,917 billion in 2019, an increase of 3.6 percent from 2018, the largest annual growth since 2010. The five largest military spenders, including Russia and Saudi Arabia, accounted for 62 percent of the global military expenditure in 2019.

Days

World Day For Safety And Health At Work

• Every year the International Labour Organization (ILO) celebrates the World Day for Safety and Health at Work on 28 April to promote the prevention of occupational accidents and diseases globally, and raise awareness to ensure health and safety at workplace.

Workers’ Memorial Day

• The Workers’ Memorial Day, also known as International Commemoration Day for Dead and Injured Workers occurs every year on 28 April.