RBI puts penalties on Bank of India, Karnataka Bank, Saraswat Cooperative Bank for non-compliance
May 31, 2020

- The Reserve Bank of India (RBI) put monetary penalties on Bank of India, Karnataka Bank and Saraswat Cooperative Bank for non-compliance on Income Recognition and Asset Classification (IRAC) measures.
PFC board clarifies RS Dhillon’s appointment as CMD from June 1
May 31, 2020

- State-run Power Finance Corporation on 29th May declared the appointment of Ravinder Singh Dhillon as Chairman and Managing Director from June 1 following superannuation of Rajeev Sharma present month.
Kohli only cricket in Forbes first 100 highest-paid athletes; Federer top
May 31, 2020

- India captain Virat Kohli stayed the only cricketer to be involved in the list of top 100 highest-paid athletes of 2020 made forward by Forbes magazine. According to Forbes, Kohli had calculated total earnings of $26 million ($24m from endorsements and $2m from salary/winnings- June 1, 2019, until June 1, 2020).
31st May is observed as World No Tobacco Day 2020
May 31, 2020

- World No Tobacco Day is a yearly event that is commemorated on May 31st. It targets to grow awareness about the harmful effects of tobacco on health.
- Theme: “Protecting youth from industry manipulation and preventing them from tobacco and nicotine use.”
Petroleum Minister gives to the nation, 56 CNG stations
May 31, 2020

- Petroleum and Natural Gas Minister Dharmendra Pradhan committed to the nation, 56 CNG stations scattered over 11 States and Union Territories. These stations are in Gujarat, Haryana, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, New Delhi, Punjab, Rajasthan, Telangana and Uttar Pradesh.
U.S. enters G7 artificial intelligence group to counter China
May 31, 2020

- The US has entered an international panel for setting ethical guidelines for the usage of artificial intelligence. The Trump administration had earlier dismissed the idea.
Google releases a new app ‘Sodar’ that will aid you to maintain social distance
May 31, 2020

- Google is supporting people to maintain their social distance. The tech giant has released a new app called ‘SODAR’ that will encourage people to maintain distance in real life using augmented reality.
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