Daily Current Affairs : 9th April 2020 |Daily GK update Quiz

Exp. Odisha, the state that took the lead in announcing a lockdown to combat the Covid-19 pandemic, has also become the first to extend it till April 30.

Exp. The global coronavirus pandemic is causing an economic crisis unlike any in the past century and will require a massive response to ensure recovery, IMF chief Kristalina Georgieva said on 8th April. She warned that “global growth will turn sharply negative in 2020,” with 170 of the International Monetary Fund’s 180 members experiencing a decline in per capita income.

Exp. In COVID-19 times, Jeff Bezos has maintained his top slot as world’s richest man with a net worth of $113 billion, followed by Bill Gates at $98 billion, according to the latest Forbes 34th annual worlds billionaires list. Bernard Arnault, Chairman and CEO of luxury magnate LVMH (LVMHF), moved up the list as the third-wealthiest person with $76 billion fortune. At $67.5 billion, Warren Buffett’s fortune landed at fourth place. Oracle Founder and CTO Larry Ellison is at fifth position with a net worth of $59 billion.

Exp. The South Asian Association for Regional Cooperation (SAARC) Development Fund (SDF) has allocated $5 million for Covid-19 related projects in its member states. “The objective of the US$ 5 million allocations is to provide fund support to the Member States in their efforts and to protect the people of the SAARC Member States by mitigating the financial losses and severe socio-economic impact of the COVID-19 pandemic.

Exp. The Competition Commission of India (CCI) has approved acquisition of 80.1% stake by Hitachi in the power grid business of Swiss power major ABB Limited. Hitachi and ABB had signed the acquisition agreement in year 2018. The acquisition is expected to close in the first half of 2020, Hitachi had stated earlier.

Exp. JSW Energy Ltd has signed a share-purchase agreement with GMR Energy Ltd to acquire 100% stake in the latter’s subsidiary GMR Kamalanga Energy Ltd, which owns and operates a 1,050 MW thermal power plant in Odisha, JSW Energy informed the stock exchanges. The transaction, the discussions of which had started in October, is valued at ₹5,321 crore, subject to working capital and other adjustments, and is expected to be completed in three months.

Exp. Headquarters: Washington, D.C., US

Exp. Bharti AXA Life Insurance, a private life insurer, has a new Managing Director and CEO in Parag Raja. Prior to this appointment, Raja was the Chief Distribution Officer at Aditya Birla Sun Life Insurance (ABSLI).

Exp. Ben Stokes has ended Virat Kohli’s three-year reign as Wisden’s leading cricketer in the world after playing a starring role in England’s World Cup win last year. He is the first England player to receive the honour since Andrew Flintoff in 2005. Stokes in January had won the ICC player of the year award.

Exp. Australia’s Ellyse Perry reclaimed the leading women’s cricketer in the world title from Smriti Mandhana.

Exp. Jeff Bezos (Amazon Founder and CEO, net worth of $113 billion)

Exp. Governor of Odisha: Ganeshi Lal.

Exp. Headquarters: Kathmandu, Nepal