Daily Current Affairs : 23rd and 24th May 2020 | Daily GK update Quiz

Exp. Lieutenant Governor: Shri Girish Chandra Murmu 

The Jammu & Kashmir government on 19th May notified Jammu and Kashmir Grant of Domicile Certificate (Procedure) Rules, 2020, which specify the conditions and the process to obtain the documents required tor applying to jobs and avail other privileges restricted to residents.

All people who have resided in the UT for 15 years, or have studied for seven years and appeared in class 10th or 12th examination in an educational institution in the region, and their children, are eligible for grant of domicile.

The rules provide a simple procedure for the issuance of the Domicile Certificate. There shall be a timeline of 15 days for issuance of the certificate after which the applicant shall be free to approach an Appellate Authority.

The decision of the Appellate Authority shall be binding upon the issuing authority and the orders of the Appellate Authority are to be complied within seven days, failing which the defaulting officer shall be liable for a penalty of Rs 50,000 out of his salary.

Exp. The number of people who have benefited from the ‘Ayushman Bharat’ scheme has crossed the one crore-mark, Prime Minister Narendra Modi said on 20th May, noting that the initiative has had a positive impact on several lives.

In September 2018, PM Modi had launched the Pradhan Mantri Jan Arogya Yojana-Ayushman Bharat. It has been termed as the biggest government-sponsored healthcare scheme in the world.

Exp. Mukhtar Abbas Naqvi is the current Union Minister of Minority Affairs.

‘Hunar Haat’ a platform for artisans/craftsmen which helps them to generate employment, will return in September with a ‘Local to Global’ theme after an over five-month gap due to the coronavirus pandemic. It is an initiative by the Minority Affairs Ministry.

Minority Affairs Minister Mukhtar Abbas Naqvi said on 23rd May that ‘Hunar Haat’ had provided employment and employment opportunities to more than five lakh Indian artisans, craftspeople, culinary experts in the last five years and had become popular among the people.

Exp. The Covid-19 pandemic is expected to put over 60 million people into extreme poverty globally, the World Bank has said as it announced emergency operations worth $160 billion in 100 developing countries to fight the deadly virus.

Of the 100 countries, home to 70 per cent of the world’s population, 39 are in Sub-Saharan Africa.

Exp. United Nations (UN) in its mid-year report on economic prospects named “World Economic Situation and Prospects (WESP) 2019 Mid-year Update” diminished the global economic growth forecasts for 2019 to 2.7%. In the January predictions, the economic growth was projected at 3% for both years.

The reason behind the lowering of the forecast is high trade tensions, uncertainty over political policies and a complicated confluence of internal and external factors affecting most of the developed and developi ng economies. Among developed economies, United States’ will grow at 2.3%, while the European Union’s overall economy will expand at 1.5%, Japan at 0.8% and Russia at 1.4%.

Exp. United Nations (UN) in its mid-year report on economic prospects named “World Economic Situation and Prospects (WESP) 2019 Mid-year Update” diminished the global economic growth forecasts for 2019 to 2.7% and for 2020 to 2.9%. In the January predictions, the economic growth was projected at 3% for both years.

The reason behind the lowering of the forecast is high trade tensions, uncertainty over political policies and a complicated confluence of internal and external factors affecting most of the developed and developi ng economies. Among developed economies, United States’ will grow at 2.3%, while the European Union’s overall economy will expand at 1.5%, Japan at 0.8% and Russia at 1.4%.

Exp. Microsoft has removed the Huawei laptops it sold on its online store. The move of Microsoft is to comply with the US President’s executive order to crack down on Chinese tech companies.

Google cut off Huawei’s Android license but Microsoft stayed silent on whether it will prevent the Chinese company from obtaining Windows licenses. For now, Huawei has been granted a 90-day extension to provide software updates to Android-powered handsets and maintain continued operation of existing networks and equipment.

Exp. Insurance Regulatory and Development Authority of India (IRDAI) has allowed Union Bank of India’s proposal to continue with its 30 prcent holding in IndiaFirst Life Insurance with the condition that the lender will hold no control in the management of the insurer.

Earlier, the bank was expected to divest either the entire stake in IndiaFirst Life Insurance, or a considerable part of it, as IRDAI guidelines restrict a lender to own more than 10 percent stake in two insurance companies.

The state-owned lender also holds 25.1 percent stake in Star Union Dai-Chi Life and it received a promoter stake in IndiaFirst Life Insurance in April previously held by Andhra Bank following its ‘mega’ merger on April 1 with Andhra Bank and Corporation Bank.

Exp. The Competition Commission of India (CCI) has approved acquisition of 100% of the total issued and paid up share capital of Emami Cement Limited (ECL), on a fully diluted basis, by Nuvoco Vistas Corporation Limited (NVCL).

The proposed combination pertains to the acquisition of 100% of the total issued and paid up share capital of Emami Cement Limited (“ECL”), on a fully diluted basis by Nuvoco Vistas Corporation Limited (“NVCL”).

Exp. Jahnabi Phookan has been appointed as National President of FICCI Ladies Organization (FLO) on 22nd May, the oldest women-led and -focused business chamber of Southeast Asia and the women’s wing of the apex chamber Federation of Indian Chambers of Commerce and Industry (FICCI).

FICCI FLO represents over 8000 women entrepreneurs and professionals across 17 chapters nationally and works aggressively towards promoting economic empowerment and equal opportunities for women.