Top GKToday’s News Headlines-23 May 2020

Top GKToday’s News Headlines-23 May 2020


  • 7 services hosted on web site of IMD onboarded to government’s UMANG Application
  • 7 services are: Current Weather, Nowcast, City Forecast, Rainfall Information, Tourism Forecast, Warnings & Cyclone


  • Over 2 lakhs medical, engineering aspirants downloaded National Test Abyaas App within 72 hours of launch by HRD Ministry’s National Testing Agency (NTA)


  • Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das cuts benchmark lending rate by 40 basis points
  • Following the 0.4% reduction, the repo rate has come down to 4% and the reverse repo rate has been cut to 3.35% from 3.75%
  • Six-member MPC voted 5:1 in favour of 40 bps cut in interest rate
  • Moratorium on loan repayments extended by three more months to August 31, 2020.
  • GDP growth in 2020-21 is estimated to remain in the negative territory
  • RBI to roll over Rs 15,000-crore refinance facility for SIDBI for 90 days
  • Pre and post-shipment of credits for exports increased from 1 year to 15 months
  • RBI to extend Rs 15,000-cr line of credit to EXIM Bank


  • Country’s foreign exchange reserves increased by USD 1.73 billion to USD 487.04 billion in the week to May 15
  • Foreign currency assets rose by USD 1.12 billion to USD 448.67 billion
  • Gold reserves rose USD 616 million to USD 32.91 billion
  • Special drawing rights with the International Monetary Fund (IMF) was up by USD 2 million to USD 1.42 billion
  • The country’s reserve position with the IMF dipped by USD 13 million to USD 4.04 billion


  • ONGC, NTPC sign MOU to set up joint venture for renewable energy business
  • US private equity giant KKR & Co. Inc. picks 2.32% stake in Jio Platforms for Rs 11,367 crore


  • Union Health Minister Harsh Vardhan takes charge as the Chairman of the 34-member WHO Executive Board
  • Pakistan International Airlines (PIA) Airbus A320 plane coming from Lahore with 107 people on board crashes near Jinnah International Airport in Karachi
  • International Day for Biological Diversity celebrated on May 22; theme: ‘Our solutions are in nature’


  • Former Australian tennis player Ashley Cooper died aged 83; had won 4 Grand Slams singles titles & 4 in doubles in 1950s


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