Current Affairs Daily Digest – May 23 & 24 2020

Current Affairs Daily Digest – May 23 & 24 2020

Latest Current Affairs

1. India: The Second Largest Manufacturer of PPE in the world

India became the second largest producer of Personal Protective Equipment in the world. China is the leading producer of PPE in the world. The Ministry of Textiles has been taking several measures to maintain the quality of PPE alongside manufacturing.

Initially India faced several challenges in increasing quality PPE products. This includes importing machines from China and also increasing prices. Apart from these, there were delay in imports and non-availability of domestic manufacturers.

2. International Day to End Obstetric Fistulais is observed on May 23

The United Nations has observed the International Day to End Obstetric Fistula since 2013. The day, 23 May, is meant to raise awareness of this issue and mobilize support around the globe.

3. Chintala Govinda Rajulu is new chairman of Nabard

A senior agriculture scientist from the state, Chintala Govinda Rajulu has been named as next chairman of National Bank for Agriculture and Rural Development (NABARD).

Govinda Rajulu is presently serving as deputy managing director of the Nabard based at Mumbai. Banks Board Bureau (BBB) headed by retired IAS officer BP Sharma with financial services secretary Rajiv Kumar, public enterprises secretary Shailesh, RBI deputy governor NS Viswanathan has recommended Govinda Rajulu’s name for the ..

4. KKR-Reliance Jio Deal of Rs 11,367 crore for 2.32% stake

New York-based Private equity firm KKR has announced to invest Rs 11367 crore or USD 1.5 billion in Jio Platforms for a stake of 2.32%. The deal will be finalised after it get regulatory and customary approvals. This is fifth such investment in Reliance Jio followed by Facebook, Silver Lake, Vista Equity Partners and General Atlantic. More such deals can be expected in future.

5. Indian economist appointed as World Bank’s Practice Manager for Climate Change in South Asia

Indian economist Abhas Jha has been appointed by the World Bank to a key position on climate change and disaster management in South Asia region. The announcement was made by the World Bank on May 22, 2020.

6. UN lists khudol of Manipur as one of top 10 global initiatives to fight COVID-19 pandemic

The United Nations (UN) has listed Manipur’s “khudol” (gift) among the top 10 global initiatives for an inclusive fight against the COVID-19 pandemic. It was listed by the United Nations Secretary-General’s Envoy on Youth.

Khudol is a crowdfunded initiative of Ya_All. The initiative aims to ensure food supplies and health services for the people living with HIV, daily-wage earners, LGBTQI+ community, children, and adolescents.

7. Commonwealth Day in India is observed on May 24

Commonwealth Day, replacing the former Empire Day, is the annual celebration of the Commonwealth of Nations, often held on the second Monday in March. It is marked by an Anglican service in Westminster Abbey, normally attended by Queen Elizabeth II as Head of the Commonwealth along with the Commonwealth Secretary-General and Commonwealth High Commissioners in London.

8. Tata Power arm TPIPL acquires 10% equity in ABV; total stake rises to 50%

Tata Power said its arm Tata Power International Pte Ltd (TPIPL) has acquired 10 per cent stake in Adjaristsqali Netherlands BV (ABV) from the International Finance Corporation (IFC) for USD 150,000 (about Rs 1.13 crore). The 10 per cent stake acquisition has increased TPIPL’s shareholding in ABV to 50 per cent.

9. Naomi Osaka became the best-paid athlete in the history of women’s sport

Japanese tennis star Naomi Osaka has become the highest-paid female athlete in sporting history, raking in $37.4 million in prize money and endorsements in the past 12 months, according to Forbes.

In becoming the highest-paid female athlete of all time, Osaka leapfrogs fellow tennis stars Serena Williams and Maria Sharapova, who have dominated the best-paid athlete rankings for a decade.

10. Actor Mohit Baghel, Who Co-Starred With Salman Khan In Ready, Dies At 26

Actor Mohit Baghel, best known for playing Amar Chaudhary in superstar Salman Khan’s Ready, died of cancer, reported news agency PTI. He was 26. Writer-director Raaj Shaandilyaa told PTI that the actor passed away in his hometown Mathura, Uttar Pradesh.

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