Top GKToday’s News Headlines-15 May 2020

Top GKToday’s News Headlines-15 May 2020

INDIA

  • Maharashtra CM Uddhav Thackeray, 8 others declared elected unopposed to the state Legislative Council
  • Defence Ministry patents low cost PPE (personal protective equipment) developed by Navy to move towards its mass production
  • Dr Harsh Vardhan dedicates COBAS-6800 testing machine for COVID-19 cases to the nation at the National Centre for Disease Control (NCDC) in New Delhi

ECONOMIC PACKAGE

  • Migrant workers, who had to leave their workplaces after imposition of the lockdown on March 25, will get 5 kg grains and 1 kg pulses free for two months
  • Government will make ration cards portable under the initiative ‘One Nation, One Ration Card’ to allow migrant workers to access their ration across the country
  • 50 lakh street vendors who were rendered jobless as the government ordered stay-at-home would be given a working capital loan of Rs 10,000 each to restart businesses.
  • Scheme to provide homes to migrant labour/urban poor at affordable rent announced. Government-funded housing in the cities will be converted into Affordable Rental Housing Complexes (ARHCs) under the PPP mode through concessionaires.
  • Credit Linked Subsidy Scheme (CLSS) under PMAY for middle-income (annual income of Rs 6-18 lakh) families extended till March 2021
  • NABARD (National Bank for Agriculture and Rural Development) to provide Rs 30,000 crore additional emergency working capital funding to rural cooperative banks and regional rural banks

ECONOMY & CORPORATE

  • BRICS’ Shanghai-based New Development Bank (NDB) provides $1 bn loan to India to fight Covid-19
  • WORLD
  • UN’s World Economic Situation and Prospects report forecasts 1.2% growth for Indian economy in 2020; –3.2% for world economy
  • Padma Bhushan recipient Professor Anisuzzaman passes away in Bangladesh at the age of 83
  • Dr Harsh Vardhan participates in 32nd Commonwealth Health Ministers’ meeting through video conference
  • Commerce and Industry Minister Piyush Goyal participates in 2nd G-20 Virtual Trade and Investment Ministers Meeting through video-conferencing

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