Current Affairs 2021: Today’s News Headlines: May 6, 2021

Here are Today’s News Headlines by GK Today for May 6, 2021:

India

  • Supreme Court strikes down Maharashtra law on grant of quota to Marathas; says no exceptional circumstances or the case was made out to breach the 50% cap on reservation.
  • Mamata Banerjee sworn-in as CM of West Bengal for 3rd consecutive term by Governor Jagdeep Dhankhar
  • Cabinet approves MoU between India and United Kingdom of Great Britain and Northern Ireland on Migration and Mobility Partnership
  • Former head of the Malankara Mar Thoma Syrian Church Dr Philipose Mar Chrysostom dies at 103 in Kerala; awarded Padma Bhushan in 2018

Economy & corporate

  • RBI announces Covid-19 healthcare loan package of Rs 50,000 crore for vaccine makers, medical equipment suppliers, hospitals and patients in need of funds
  • RBI eases compliance norms for customer KYC verifications, advising banks against physical presence of customers
  • RBI extends scope of video KYC known as V-CIP (video-based customer identification process) for new categories of customers
  • Cabinet approves strategic disinvestment and transfer of management control in IDBI Bank Limited; Centre and LIC together own 94% equity of IDBI Bank
  • Cabinet approves allocation of additional foodgrain to NFSA beneficiaries under Pradhan Mantri Garib Kalyan Anna Yojana (Phase III) for another period of two months – May and June, 2021
  • Labour and Employment Ministry authorised to collect Aadhaar details of beneficiaries for social security schemes
  • Citibank announces additional Rs 200 cr aid for COVID relief efforts in India
  • S&P Global Ratings slashes India’s GDP growth forecast for 2021-22 to 9.8% from 11% earlier
  • British Trade Secretary Liz Truss and Commerce Minister Piyush Goyal sign U.K.-India Enhanced Trade Partnership (ETP) agreement
  • 20 entities granted permission to conduct Beyond Visual Line of Sight (BVLOS) experimental flights of drones

World

  • ADB President Masatsugu Asakawa outlines 5-point agenda for lasting recovery in Asia-Pacific region
  • UNESCO celebrates May 5 as “World Portuguese Language Day”
  • Oversight Board upholds Donald Trump’s suspension from Facebook and Instagram
  • Nepal: PM K. P. Sharma Oli’s govt. loses majority support after Maoist Center party withdraws support

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