Important Monthly Current Affairs Capsule – May 2020 S. No Topics Page No 1 Important Days 2 2 Important Banking News 4 3 Important Financial & Economy Affairs 17 4 Important Business News 23 5 Important State Wise National News 28 6 Important International News 69 7 Important Appointments 78 8 Important Awards and Honours 81 9 Important MOU’s 84 10 Important Summit & Conference 92 11 Important Defence News 95 12 Important Science and Technology 99 13 Important Ranking and Indexes 110 14 Important Books And Authors 116 15 Important Sports News 117 16 Important Peoples’ in News 122 17 Important Mergers and Acquisitions 126 18 Important Web portals and Mobile Apps 131 19 Important Obituaries 139 Click Here for High Quality Mock Test Series for RBI Assistant Mains 2020 Click Here for High Quality Mock Test Series for SBI Clerk Mains 2020 Follow us: Telegram , Facebook , Twitter , Instagram 1 Important Monthly Current Affairs Capsule – May 2020 Important Days Date Day Theme/Others May 1 International Labour Day/May Coronavirus Day May 2 World Tuna Day Observed 1st time in 2017. May 2 International Astronomy Day Next Astronom Day – September 26 (Spring) May 3 World Press Freedom Day Journalism without Fear or Favour 1st Sunday of International Dawn Chorus Day NA May 1st Sunday of World Laughter Day 1st celebration took place at Mumbai in 1998 May May 4 Coal Miners Day NA May 4 Intrnational Firefighters’ Day NA May 5 World Asthma Day Enough Asthma Death (Organized by Global Initiative for Asthma) May 5 International MidWife Day Midwives with women: celebrate, (Celebrated since demonstrate, mobilise, unite – our time is 1991) NOW! May 5 World Hand Hygiene Day Save Lives: Clean Your Hands May 6 International No Diet Day 1st NND celebrated in the UK (1992) May 7 World Athletics Day Athletics for a Better World May 7 Vesak (Day of Full Moon in May) Observed by United Nations May 8 World Red Cross Day Founder of Red Cross was Henry Dunant May 8 International Thalassaemia Day The dawning of a new era for thalassaemia: Time for a global effort to make novel therapies accessible and affordable to patients 2nd Saturday of World Migratory Bird Day Birds Connect Our World (Celebrated twice May a year - May & October) 2nd Sunday of International Mother’s Day - May May 11 National Technology Day - May 12 International Nurses Day Nurses: A Voice to Lead – Nursing the World to Health May 15 International Day of Families Families in Development: Copenhagen & Beijing + 25 3rd Fridayof May National Endangered Speies NA Day Click Here for High Quality Mock Test Series for RBI Assistant Mains 2020 Click Here for High Quality Mock Test Series for SBI Clerk Mains 2020 Follow us: Telegram , Facebook , Twitter , Instagram 2 Important Monthly Current Affairs Capsule – May 2020 3rd Saturday of Armed Forces Day Tribute to the men and women who served May the United States Armed Forces May 16 National Dengue Day Suggested by the Union Health Ministry May 16 International Day of Living NA Together in Peace May 16 International Day of Light #IDL2020 and#SEETHELIGHT. May 17 World Hypertension Day Measure Your Blood Pressure, Control It, Live Longer May 17 World Telecommunication and Connect 2030: ICTs for the Sustainable Information Society Day Development Goals (SDGs) May 18 International Museum Day Museums for Equality: Diversity and (Coordinated by International Inclusion Council of Museums) May 18 World AIDS Vaccine Day/HIV 1st celebrated in May 1998 Vaccine Awareness Day May 20 World Metrology Day Measurements for Global Trade May 20 World Bee Day (Birthday of Save the Bees (1st celebrated in 20180 Slovenian apiculture pioneer Anton Janša) May 21 Anti-Terrorism Day Death anniversary of former PM Rajiv Gandhi May 21 International Tea Day At first, December 15 was observed as International Tea Day May 21 World Day for Cultural Diversity Declared by UNESCO in 2001 for Dialogue and Development May 22 International Day for Biological Our solutions are in nature Diversity May 23 World turtle Day NA May 23 International Day to End End gender inequality! End health inequities! Obstetric Fistula End Fistula now! (Observed since 2013) May 25 International Missing Children's First observed in 2001 Day May 25 World Thyroid Day NA May 28 World Hunger Day NA May 28 World Menstrual Hygiene Day Periods in Pandemic May 29 International Day of United Women in Peacekeeping – A Key to Peace Nations Peacekeepers May 29 World Digestive Health Day Gut Microbiome: A Global Perspective May 29 International Everest Day Declared in the memory of Sherpa Tenzing Norgay of Nepal and Edmund Hillary of New Click Here for High Quality Mock Test Series for RBI Assistant Mains 2020 Click Here for High Quality Mock Test Series for SBI Clerk Mains 2020 Follow us: Telegram , Facebook , Twitter , Instagram 3 Important Monthly Current Affairs Capsule – May 2020 Zealand May 30 World Vape Day NA May 31 World No Tobacco Day #Tobacco Exposed May 25 - 31 International Thyroid Awareness NA Week Important Banking News RBI RBI cuts repo rate by 40 bps to 4% ● Reserve Bank of India cut the repo rate by 40 basis points from 4.4 per cent to 4 per cent, reducing the reverse repo rate at 3.35 per cent to maintain accommodative stance. The RBI Governor Shaktikanta Das stated that the six- member Monetary Policy Committee voted 5:1 in favour of 40 bps cut in interest rate. ● The RBI Governor stated, private consumption has seen biggest blow due to COVID-19 outbreak, following investment demand has halted big time impacting the government revenues severely due to slowdown in economic activity. ● The inflation outlook is highly uncertain with elevated level of inflation in pulses being worrisome and therefore requires review of import duties. ● GDP growth in 2020-21 goes in negative territory. The headline inflation may remain firm in first half of year; ease in the second half, falling below 4 per cent in Q3/Q4 of financial year 20-21. RBI extends benefits under SLF-MF to all banks ● The RBI allowed regulatory benefits to banks meeting the liquidity needs of mutual funds without using RBI’s Special Liquidity Facility for MFs (SLF-MFs). ● This means banks using their own funds to meet liquidity needs of mutual funds, and purchasing investment-grade corporate bonds, commercial papers (CP), debentures and certificates of deposit (CD) held by MFs can claim the regulatory benefits available under SLF-MF scheme. The decision was taken based on requests received from banks, RBI stated in a statement. ● RBI opened a special liquidity facility of Rs 50,000 crore to ease the liquidity strain on mutual funds, which had intensified due to redemption pressures sparked by the closure of some debt schemes. ● The central bank also granted certain regulatory benefits to banks using the window. The liquidity availed under this window could be classified as held-to-maturity (HTM) even beyond 25 per cent of the total investment permitted in the HTM portfolio. The exposures under the facility won’t be reckoned under the Large Exposure Framework (LEF). ● Meanwhile, RBI extended the amended market trading hours until further notice and will review it when the government announces directions pertaining to the lockdown. As per the revised timings, RBI regulated market opens at 10 am instead of 9 am earlier, while the closing timings have been revised to 2 pm for all segments. ● The amended trading hours i.e., from 10.00 am to 2.00 pm for RBI-regulated markets that were effective till the close of business on April 30, 2020, shall be extended till further notice, it stated. RBI cancels licence of Mumbai-based CKP Cooperative Bank Click Here for High Quality Mock Test Series for RBI Assistant Mains 2020 Click Here for High Quality Mock Test Series for SBI Clerk Mains 2020 Follow us: Telegram , Facebook , Twitter , Instagram 4 Important Monthly Current Affairs Capsule – May 2020 ● The Reserve Bank of India (RBI) cancelled the licence of Mumbai-based CKP Co-operative Bank Ltd. The licence of CKP Co-operative Bank Ltd has been cancelled with effect from the close of business on April 30, 2020, as the bank's financial position had worsened. ● In its order, the central bank has maintained that the CKP Co-operative Bank Ltd was not in a position to pay its present and future depositors due to its financial instability. ● The RBI stated, The CKP Co-operative Bank Ltd., Mumbai, is prohibited from conducting the business of ‘banking’ which includes acceptance of deposits and repayment of deposits. ● The Registrar of Co-operative Societies, Pune, Maharashtra, has also been requested to issue an order for winding up the affairs of CKP Co-operative Bank Ltd. and appoint a liquidator for the bank. ● The bank is not satisfying the requirement of minimum capital and reserves....The bank is not in a position to pay its present and future depositors, thereby not complying with Section 22(3) (a) read with Section 56 of the Act, the RBI stated. ● The central bank further stated that the CKP Co-operative Bank’s efforts for revival have been far from adequate though it was given ample time and opportunity and dispensations. RBI extends moratorium for 3 more months ● The Reserve Bank of India (RBI) has extended the moratorium on term loans and deferment of interest on working capital facilities by three more months to August 31, 2020. The three month moratorium and deferment was to come to an end on May 31. ● The RBI also stated the deferred interest on the working capital facility can be converted into funded interest on term loan, repayable by March 31, 2021.