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1st to 7th May MCQs Friday at 10 AM
Daily Current Affairs @8AM Live
News Time Daily Current Affairs @8AM Live RBI in News
▪ RBI Governor Shaktikanta Das has announced a Covid-19 healthcare package of Rs 50,000 crore on May 05, 2021, for lending to entities such as vaccine makers, medical equipment suppliers, hospitals and related sectors, besides the patients in need of funds for treatment. ▪ The new on-tap special liquidity facility of Rs 50,000 crore will be made available to the banks at the repo rate ▪ Banks can give loans under this facility till March 31, 2022. ▪ This Covid loan will be provided for a tenure of up to 3 years and will be classified as priority sector loan till repayment or maturity. Daily Current Affairs @8AM Live RBI in News
▪ Covid loan book mechanism has also been announced for banks, where banks will have an option to place an equivalent amount as lend to borrowers, with RBI at the reverse repo rate plus 40 basis points. Daily Current Affairs @8AM Live RBI in News
▪ RBI has also opened up another round of restructuring of loans mechanism for individual and small borrowers for up to two years.
▪ Individual borrowers and small businesses with loan outstanding of up to Rs 25 crore, who have not taken restructuring earlier and were standard as of March 2021, will be considered for restructuring till September 30, 2021. Daily Current Affairs @8AM Live RBI in News
▪ A special long-term repo operations (LTRO) has been announced for small finance banks (SFBs) worth Rs 10,000 crore, to provide further lending support to NBFC-microfinance institutions (MFIs) and other MFIs (Societies, Trusts etc.) which are members of RBI recognised ‘Self-Regulatory Organisation’.
▪ These MFIs must have an asset size of Rs 500 crore, as on 31 March 2021. Daily Current Affairs @8AM Live National News
▪ All India Chess Federation launched the 'Checkmate Covid Initiative' to help the chess community affected by the pandemic. ▪ The initiative was launched in the presence of FIDE (World Chess Federation) president Arkady Dvorkovich, 5-time world champion Viswanathan Anand, World Rapid Chess Champion Koneru Humpy, AICF president Sanjay Kapoor and secretary Bharat Singh Chauhan. ▪ Checkmate Covid Initiative' are financial assistance to registered players, arbiters, organisers, coaches and retired players to combat coronavirus, assistance for vaccination of players travelling abroad for tournaments and a committee to sanction medical funds. Daily Current Affairs @8AM Live State in News
▪ Mamata Banerjee, has been sworn-in as the Chief Minister of West Bengal on May 05, 2021 for the third consecutive term, after a massive win in the state assembly elections 2021. ▪ The ruling All India Trinamool Congress (TMC) supremo was administered the oath of office and secrecy by state Governor Jagdeep Dhankhar. ▪ Under the leadership of DIDI, TMC won with a landslide two-thirds majority in the 2021 assembly elections, winning 216 seats out of total 290 Daily Current Affairs @8AM Live Banking News
▪ IDBI Bank back in black after 5 years
▪ LIC-controlled IDBI Bank turned profitable in the fiscal ended in March 2021 after five years, posting a net profit of Rs 1,359 crore for the year.
▪ In the last quarter of the fiscal year 2020-21, the bank reported a nearly four-fold jump in its net profit to Rs 512 crore. Daily Current Affairs @8AM Live National News
▪ Armed Forces Launches Op “CO-JEET” for Mental Health Of COVID Patients
▪ CO-JEET” to aid anti-COVID-19 efforts, like strengthening the medical system in India and oxygen supply chains. Along with these, CO-JEET also take measures to ensure the mental wellbeing of people.
▪ Deputy Chief of Integrated Defence Staff (Medical) Lieutenant General Madhuri ▪ Kanitkar is the third woman to become a three-star general in the armed forces. ▪ Vice Admiral Dr. Punita Arora & Air Marshal Padmavathy Bandopadhyay are the 1st & 2nd. Daily Current Affairs @8AM Live National News
▪ PepsiCo Foundation has partnered with the NGO, Sustainable Environment and Ecological Development Society (SEEDS) to launch a community COVID-19 vaccination drive and set up COVID care centres.
▪ To focus on Maharashtra, Punjab, West Bengal, Uttar Pradesh, and Telangana.
▪ Over 1 lakh vaccines doses will be provided to communities ▪ Over 100 oxygen concentrators will be provided to GOI Daily Current Affairs @8AM Live Obituary
▪ Indian aeronautical scientist, Manas Bihari Verma, who played instrumental role in the development of the Light Combat Aircraft (LCA) – Tejas, has passed away. He was 78.
▪ Mr. Verma worked as a scientist at the Defence Research Development Organization (DRDO) for 35 years in the aeronautical stream.
▪ The noted scientist was conferred the Padma Sri civilian honour in 2018.