Daily Current Affairs : 5th March 2020 |Daily GK update Quiz

Exp.The Chief Minister of Uttarakhand Trivendra Singh Rawat made a major announcement during the Uttarakhand budget session on March 04, 2020. The CM declared Gairsain as the summer capital of Uttarakhand during the budget session.

Exp.Luxembourg has become the first country with a free public transport system, with all fares for trams, trains and buses abolished as of February 29 2020. The one exception is first-class train travel, which will cost £2.60 (€3) per journey.

Exp.The National Bank for Agriculture and Rural Development (Nabard) on 4th March announced that it had infused `1.46 lakh crore in the rural banking system so far in FY20, which helps augment credit flow into agriculture and other economic activities in the rural areas.

Exp.Cabinet approved Mega Consolidation in Public Sector Banks (PSBs) with effect from 1.4.2020. The Union cabinet on Wednesday approved the consolidation of 10 public sector banks (PSBs) into four entities, a move aimed at having fewer but stronger lenders in India. “The amalgamation is being done so that customers are able to reap the benefit of larger banks being scaled up and more funds being available for credit.

Exp.Ride-hailing major Uber sold its food delivery business in India to food-tech giant Zomato for $206 million according to the firm’s recent regulatory filings.

Exp.Environmental activist Jadav Payeng, popularly called the ‘Forest Man’, was named as the 128th Commonwealth Points of Light Award winner. Queen Elizabeth II has honored Payeng for his exceptional voluntary service to environmental conservation. Based in Assam’s Jorhat district, 57-year-old Payeng has transformed a treeless sandbar along the Brahmaputra river into a 1,360-acre vibrant wildlife haven.

Exp.Mumbai will be hosting the International Olympic Committee’s (IOC) session in 2023. The announcement was passed by IOC president Thomas Bach.

Exp.Government of India appointed the current Revenue Secretary Ajay Bhushan Pandey as the new Finance Secretary.Pandey replaces current Finance Secretary Rajiv Kumar. The Appointments Committee of the Cabinet has approved the appointment.

Exp.NRIs permitted to acquire upto 100% in Air India. To permit foreign investment upto 100% by those NRIs, who are Indian Nationals, in case of Air India, the Union Cabinet, chaired by the Prime Minister, Narendra Modi has approved to amend the extant FDI Policy to permit Foreign Investment (s) in Air India by NRIs, who are Indian Nationals, upto to 100% under automatic route.

Exp.Capital: Luxembourg      Currency: Euro