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Current Affairs [PDF] - March 16-31, 2020

of COVID-19
Reverse repo rate reduced 90 basis points to 4%
Cash reserve ratio (CRR) of all banks reduced by 100 basis points to 3% with effect from March 28 for
1 year
Minimum daily CRR balance requirement reduced from 90% to 80%, a one-time dispensation up to
June 2020
Banks allowed three-month moratorium on EMI (equated monthly instalment) payments on all term
loans
Economy & Corporate
Govt exempts procurement agencies, mandis, farming operations, farm workers from lockdown rules
sells its entire 74.5% stake in state-owned power company THDC India Ltd (THDCIL) to NTPC for Rs
7,500 crore
sells 100% stake in state-owned power company NEEPCO (North Eastern Electric Power Corp) for Rs
4,000 crore to PSU NTPC
sells 66.67% stake in Kamrajar Port Ltd to Chennai Port Trust for Rs 2,383 crore
Japanese government funding agency JICA signs 3 agreements totalling Rs 15,295 crore with the
Indian government for three mega rail infrastructure projects
Coronavirus impact: ICRA forecasts –4.5% growth rate for India’s GDP in April-June 2020 quarter; 2%
in 2020-21
Moody’s Investor Service (Moody’s) estimates 2.5% growth rate for the Indian economy in calendar
year 2020 (CY20), 5.8% in CY21
SC allows sale of BS IV compliant vehicles for 10 days, barring in Delhi-NCR, after coronavirus
lockdown is lifted
Country’s foreign exchange reserves declined USD 11.98 billion to USD 469.909 billion in the week to
March 20
World
US Space Force launches Lockheed Martin Advanced Extremely High Frequency (AEHF) satellite (a
military communication satellite) aboard an Atlas V551 rocket from Cape Canaveral in Florida
Moody’s estimates global economic growth at –0.5% in calendar year 2020 (CY20), 3.2% growth in
CY21
Actor Mark Blum dies of complications from COVID-19 in US at the age of 69
Britain: Prime Minister Boris Johnson (55), Health Secretary Matt Hancock (41) test positive for
coronavirus
Current Affairs: News Headlines-29 March 2020
India
PM urges people to donate to PM-CARES (PM-Citizen Assistance & Relief in Emergency Situations)
Fund for fight against coronavirus
Actor Akshay Kumar announced donation of Rs 25 crore to PM-CARES Fund
Union Minister of Health & Family Welfare Dr. Harsh Vardhan launches CoNTeC (COVID-19 National
Teleconsultation Centre) to review COVID-19 preparedness across the country
exempts agriculture-farming and allied activities from coronavirus lockdown to ensure uninterrupted
harvesting of crops
Rajasthan police launches RajCop citizens mobile app for people to take permission for venturing out
during coronavirus lockdown
Mirza Waheed wins ‘The Hindu Prize 2019’ in Fiction for ‘Tell Her Everything’

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