Latest Current Affairs Daily Update

29 May 2020 Current Affairs in English

Business and Economy Headlines

Reliance Industry launched WhatsApp chatbot to address rights issue queries

Reliance Industries Ltd (RIL) has started a “WhatsApp chatbot” to inscribe rights problem questions of its 2.6 million shareholders on the offering which has been developed by Jio Haptik Technologies.

Useful Notes for all competitive exams:

  • Chairman & Managing Director of Reliance Industries Ltd: Mukesh D. Ambani.

Airtel Payments Bank joint iwth Mastercard for farmers, SMEs

Airtel Payments Bank has collaborated with Mastercard to create customised financial products for Indian farmers and Small and Medium Enterprises (SMEs).

Useful Notes for all competitive exams:

  • Airtel Payments Bank Headquarters: New Delhi.
  • Airtel Payments Bank MD and CEO: Anubrata Biswas.
  • Mastercard Headquarters: New York, U.S.
  • Mastercard President and CEO: Ajaypal Singh Banga.

SEBI imposes penalty of Rs 7 lakh on NHAI

The National Highways Authority of India (NHAI) has been punished with by the Securities and Exchange Board of India (SEBI) and have to pay Rs. 7lakh as a penalty charged. SEBI has imposed the penalty on NHAI for the delay in disclosing half-yearly financial results between FY16 and FY19.

Useful Notes for all competitive exams:

  • Chairman of Securities and Exchange Board of India: Ajay Tyagi; Headquarter: Mumbai.
  • Chairman of National Highways Authority of India: Sukhbir Singh Sandhu.

Fitch forecasts India’s GDP growth rate to contract 5% in FY21

Fitch Ratings has released its latest Global Economic Outlook (GEO). In its Global Economic Outlook, the rating agency has forecasted the GDP growth rate of the world and individual countries.

S&P forecasts Indian economy to contract 5% in FY21

S&P Global Ratings has slashed India’s GDP growth rate to 5% in the Fiscal Year 2021. The moderation in the growth rates has been made due to a fall in the economic activities in the whole country due to lockdown forced to contain Covid-19 pandemic.


Banking Headlines

NPCI rolls out AI virtual Artificial Intelligence assistant PAi

The National Payment Corporation of India (NPCI) has launched an Artificial Intelligence (AI) based chatbot “PAi”. It has been developed by Bengaluru based startup CoRover Private Limited

The idea behind to develop this chatbot is to create awareness around NPCI’s products such as FASTag, RuPay, UPI, AePS on a real-time basis, hence improving the digital financial inclusion in India.

Useful Notes for all competitive exams:

  • Founder & CEO of CoRover: Ankush Sabharwal.
  • MD & CEO of National Payments Corporation of India: Dilip Asbe.

Agreements and Appointments

Flipkart signs MoU with Karnataka Mango Board to support mango farmers

Flipkart an e-commerce company has signed an MoU with Karnataka State Mango Department and Marketing Corporation, to empower mango farmers to sell their produce online.

Useful Notes for all competitive exams:

  • Flipkart established: October 2007; Headquarter of Flipkart: Bengaluru.
  • Chief Executive Officer (CEO) of Flipkart: Kalyan Krishnamurthy.

SN Rajeswari becomes new CMD of Oriental Insurance Company

SN Rajeswari has been selected as the Chairman and MD of the Oriental Insurance Company (OIC) by Banks Board Bureau (BBB). Earlier, Girija Kumar was working on this post but as he retires this month-end after reaching 60 SN Rajeswari takes his place.

Useful Notes for all competitive exams:

  • OIC Headquarters: New Delhi.
  • OIC Founded: 12 September 1947.

Defence Headlines

IAF inducts Tejas Mk-1 FOC aircraft in Squadron “Flying Bullets”

Tejas Mk-1 FOC aircraft has been inducted by the Indian Air Force (IAF) into the recently resurrected No 18 Squadron the “Flying Bullets” at Air Force Station Sulur. Tejas Mk-1 FOC is a single engine, light weight, highly agile and all weather multi role fighter aircraft. The aircraft is capable of air-to-air refueling and hence makes the Squadron the first in the IAF to induct this platform.


Sports Headlines

Sri Lanka’s Shehan Madushanka suspended after heroin arrest

Sri Lankan fast bowler, Shehan Madushanka has been discontinued from all forms of cricket with direct effect for alleged possession of heroin. The decision to suspend will stand until the board conducts a full inquiry of the matter.

Useful Notes for all competitive exams:

  • President of Sri Lanka: Gotabaya Rajapaksa.
  • Prime Minister of Sri Lanka: Mahinda Rajapaksa.
  • Capital of Sri Lanka: Sri Jayawardenepura Kotte.
  • The currency of Sri Lanka:  Sri Lankan rupee.

Obituaries News

Padma Shri awardee, Urdu Writer Mujtaba Hussain passes away

Mujtaba Hussain passed away. He was born on July 15, 1936, in Hyderabad, Telangana. Hussain was described as the Mark Twain of Urdu. He began his literary career from “Siasat”, a leading Urdu daily published from Hyderabad.

Former Tamil Nadu footballer Shanmugam passes away

Former Tamil Nadu footballer and coach R. Shanmugam passed away. Shanmugam, who was born in Burma in 1943, represented the Burmese junior and senior national teams in 1966-67.


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