Latest Current Affairs Daily Update

Daily Current Affairs Headlines 10th and 11th May 2020

Important Days

 Mother’s day 2020 celebrated on 10 May

Every year on the second Sunday of May month the International Mother’s Day was celebrated. This year, the day will be celebrated on May 10.

National Technology Day 

National Technology Day is observed on May 11, every year, across the country. This day marks the anniversary of Pokhran nuclear tests of 1998 and India’s technological advancements in space.

National Current Affairs Headlines

“Mission Sagar” started by India to assist island nations in EIO

To provide assistance due to this pandemic situation for Eastern Indian Ocean Region Nations “Mission Sagar” has been initiated by the Government of India. In this mission, Indian Naval Ship (INS) Kesari has been deployed, carrying on board two medical assistance teams, essential Food Items and COVID related Medicines and Special Ayurvedic Medicines to five Island countries in the Indian Ocean.

The all five islands are Maldives, Mauritius, Seychelles, Madagascar and Comoros.

Useful Notes for all competitive exams:

  • Chief of Naval Staff: Admiral Karambir Singh.

Government Hikes 2020-21 Market Borrowing Limit To Rs 12 Lakh Crore Amid COVID-19

Due to this pandemic situation, India is now facing a financial crisis like more other countries and for the same reason, the government increased its market borrowing estimate by staggering Rs 4.2 lakh crore to Rs 12 lakh crore for the current financial year to deal with the expected shortfall in revenue due to the impact of COVID-19 crisis on the economy.

While announcing the budget 2020-21, finance minister Mr Nirmala Sitaraman announced that the estimated gross market borrowing in the financial year 2020-21 will be 7.80 lakh crore.

The government has also increased the weekly borrowing target to Rs 30,000 crore from Rs 21,000 crore fixed on March 31.

Supreme Court announcement brings Cooperative Banks under “SARFAESI Act” 

The Supreme Court of India judgment has brought the state and multi-state cooperative banks under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. The ruling aims to remove the delays caused by going through the civil court or summary procedure under the Cooperative Societies Act.

Useful Notes for all competitive exams:

  • The present CJI is Justice Sharad Arvind Bobde.

Internationl Current Affairs Headlines

UN Agencies Release Commemorative Stamp On 40th Anniversary Of Smallpox Eradication

The United Nations Postal Administration (UNPA) and The World Health Organization (WHO) have published a memorial Postage Stamp on the 40th anniversary of the eradication of smallpox. The stamp serves to acknowledge the millions of people working together, from world leaders and international organizations to rural doctors and community doctors to eradicate smallpox.

Useful Notes for all competitive exams:

  • Headquarters of WHO: Geneva, Switzerland.
  • Director-general of WHO: Tedros Adhanom.

Banking and Business Headlines

GSK Sells $3.35 Billion Stake In Hindustan Unilever

British pharmaceutical giant GlaxoSmithKline PLC is selling its 5.7% stake in Hindustan Unilever Ltd. for about 254.8 billion Indian rupees (US$3.35 billion). The stake was part of the payment for a portfolio sold by GlaxoSmithKline Consumer Healthcare Ltd. to Unilever.

SBI General Insurance rolls out Health Insurance Policy “Arogya Sanjeevani”

Aarogya Sanjeevani” standard health insurance has been announced by the State Bank of India General Insurance. The insurance will cover your hospitalisation anywhere in India with sums insured ranging from Rs. 1 lakh to Rs. 5 lakh. It will also cover the hospitalisation treatment cost of COVID–19, hence will help in making affordable health care more accessible in times like these.

Useful Notes for all competitive exams:

  • Chairman of State Bank of India: Rajnish Kumar.
  • Headquarters: Mumbai; Founded: 1 July 1955.

Awards and Honours

Union Minister for Fisheries, Animal Husbandry and Dairying, Giriraj Singh has given the award to the winners of “Startup India-Animal Husbandry Grand Challenge”.

Here is the complete list of winners:

1Value Added ProductsKrushak Mitra Agro Services Pvt. Ltd., Mumbai
2Eliminating Milk AdulterationWhite Gold Technologies LLP, Mumbai
3Product TraceabilityEmerTech Solutions Pvt. Ltd., Mumbai
4E-commerce SolutionsMoooFarm, Gurugram, Haryana
5Breed Improvement & Animal NutritionAdis Technologies, Belagavi, Karnataka

Useful Notes for all competitive exams:

  • Union Minister of State of Fisheries, Animal Husbandry and Dairying: Sanjeev Kumar Balyan.

Science and Technology Headlines

ICMR partners with Bharat Biotech for Indian COVID-19 vaccine

ICMR – Indian Council for Medical Research has collaborated with Bharat Biotech International Limited to produce COVID-19 vaccine.

Useful Notes for all competitive exams:

  • Director-General of ICMR: Balram Bhargava.
  • Headquarters of ICMR: New Delhi.

DRDO lab develops automated UV systems to sanitise electronic gadgets, papers & currency notes

Hyderabad based Defence Research and Development Organisation (DRDO) lab has developed automated Ultraviolet systems to sanitise electronic gadgets, papers and currency notes

Sports Headlines

Narinder Batra to continue work as FIH’s President till 2021

Narinder Batra’s term as the President of International Hockey Federation has been extended until May 2021. The Executive Board of the International Hockey Federation (FIH) has also decided to postpone the 47th FIH Congress, initially planned on 28 October-1 November 2020 in New Delhi, to May 2021.

Useful Notes for all competitive exams:

  • FIH Headquarters: Lausanne, Switzerland.
  • FIH founded: 7 January 1924.
  • CEO of FIH: Thierry Weil.

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