Category: All Current Affairs

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

May 28, 2020

• Tejas Mk-1 FOC aircraft has been recruited by the Indian Air Force (IAF) into the newly resurrected No 18 Squadron the “Flying Bullets” at Air Force Station Sulur. Tejas Mk-1 FOC is a single-engine, lightweight, highly agile and all-weather multi-role fighter aircraft.

SN Rajeswari selected as new CMD of Oriental Insurance Company

May 28, 2020

• New India Assurance, General Manager, SN Rajeswari, has been appointed as the Chairman and MD of the Oriental Insurance Company (OIC) by Banks Board Bureau (BBB). She will take place of AV Girija Kumar, who retires this month’s end after reaching 60.

Marcos Troyjo appointed as next President of NDB

May 28, 2020

• Marcos Troyjo has been appointed as the new President of New Development Bank (NDB). He was universally selected during the Special Board of Governors meeting of the NDB which was held through the video-conference.

Flipkart inks MoU with Karnataka Mango Board to support mango farmers

May 28, 2020

• India’s leading web-based business commercial center Flipkart has inked a Memorandum of Understanding (MoU) with Karnataka State Mango Department and Marketing Corporation, to encourage mango farmers to sell their produce online.

Fitch and S&P forecast India’s GDP growth rate to contract 5% in FY21

May 28, 2020

• Fitch and S&P Global Ratings has cut India’s GDP growth rate to 5% in the Fiscal Year 2021. The decline in the growth rates has been made due to a slump in the economic activities in the whole country between lockdown imposed to contain COVID-19 pandemic.

Airtel Payments Bank pairs up with Mastercard for farmers, SMEs

May 28, 2020

• Airtel Payments Bank has tied-up with Mastercard to generate customized financial products for Indian farmers and Small and Medium Enterprises (SMEs). These financial products mainly for those territories where there is less access to bank administrations.

RIL launches WhatsApp chatbot to address rights issue queries

May 28, 2020

• Reliance Industries Ltd (RIL) has released a “WhatsApp chatbot” to address rights issue queries of its 2.6 million shareholders on the offering.

NPCI releases AI virtual Artificial Intelligence assistant PAi

May 28, 2020

• An Artificial Intelligence (AI) based chatbot “PAi” has been released by the National Payment Corporation of India (NPCI).
• This chatbot has been launched to spread awareness around NPCI’s products such as FASTag, RuPay, UPI, AePS on a real time basis, hence growing the digital financial inclusion in India.

Facebook releases calling application “CatchUp”

May 27, 2020

• A calling application titled as “CatchUp” has been released by the social media major Facebook to coordinate call timings with friends and family members, and will allow users to verify availability of time with a group of up to eight people.

Classical musician Shyamala Bhave passes away

May 27, 2020

• Classical musician Shyamala G. Bhave who was having the same control over Hindustani as well as Carnatic music passed away. She had also made music in India’s first Sanskrit serial named “Kadambari”.