Daily Current Affairs – May 21, 2020

National Anti-Terrorism Day is observed on 21 May
National Anti-Terrorism Day is observed on 21 May every year in India. The day aims to raise awareness about the anti-social act of terrorism and its impact on human suffering and lives. The day marks the death anniversary of Rajiv Gandhi, the Former Prime Minister of India. The day also aims to spread the message of peace and humanity and to promote unity among people.

 

International Tea Day is observed on 21 May
International Tea Day is observed on 21 May every year. The day provides an opportunity to celebrate the cultural heritage, health benefits, and economic importance of tea. The day is celebrated by the United Nations Food and Agriculture Organisation (FAO).

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World Day for Cultural Diversity for Dialogue and Development is observed on 21 May
World Day for Cultural Diversity for Dialogue and Development is observed on 21 May. The day celebrates the richness of the world’s cultures and the essential role of intercultural dialogue for achieving peace and sustainable development. The day aims to promote culture and highlight the significance of its diversity as an agent of inclusion and positive change.

 

SCTIMST launched Agappe Chitra Magna
Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) launched the “Agappe Chitra Magna”, a magnetic nanoparticle-based RNA extraction kit for use during testing for detection of COVID-19. The RNA extraction kit was developed by SCTIMST along with Agappe Diagnostics Ltd, an in vitro diagnostics manufacturing company based in Cochin.

 

MoD approves 26 Defence items from local suppliers to boost Make in India
Ministry of Defence (MoD) has approved the procurement of 26 defence items only from local suppliers to boost the “Make in India” initiative. GoI has issued Public Procurement (Preference to Make in India) Order 2017 to promote the manufacturing and production of goods and services in India. MoD has notified 127 items where purchase preference is given to local suppliers as per PPP-MII 2017.

 

Cabinet approves Special Liquidity Scheme for NBFCs, HFCs to address their Liquidity Stress
The Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal of the Ministry of Finance (MoF) to launch a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs). The scheme aims to improve the liquidity position of the NBFCs/HFCs.
The Government has proposed a framework for addressing the liquidity constraints of NBFCs/HFCs through a Special Liquidity Scheme.
♦ As per the scheme, a Special Purpose Vehicle (SPV) would be set up to manage a Stressed Asset Fund (SAF) whose special securities would be guaranteed by the Government of India (GoI) and purchased by the Reserve Bank of India (RBI) only.
♦ The SPV will proceed with the sale of such securities to acquire short-term debt of NBFCs/HFCs.
♦ The Scheme will be administered by the Department of Financial Services, MoF. GoI will issue the detailed guidelines.
♦ A large public sector bank would set up an SPV to manage a stressed asset fund that would issue interest-bearing special securities guaranteed by the Government of India, to be purchased by RBI only.
♦ The SPV would issue securities as per requirement subject to the total amount of securities outstanding not exceeding Rs.30,000 crore to be extended by the amount required as per the need.
♦ The securities that are issued by the SPV would be purchased by RBI. And the proceeds would be used by the SPV to acquire the debt of at least investment grade of the short duration of eligible NBFCs/HFCs.

 

GoI launches scheme to solarise entire Konark Temple
GoI has launched a scheme for the solarisation of Konark Sun Temple and Konark town in Odisha. The announcement was made by the Ministry of New and Renewable Energy. The main objective of the scheme is to develop the historical Sun temple town of Konark in Odisha as ‘Surya Nagri’.

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