Top GKToday’s News Headlines-29 April 2020

Top GKToday’s News Headlines-29 April 2020

CVC

  • Former Andhra Bank MD & CEO Suresh N. Patel appointed as the vigilance commissioner in Central Vigilance Commission (CVC) for a tenure upto December 2022
  • The tenure of vigilance commissioner is of four years or till the incumbent attains the age of 65 years.
  • With Patel’s appointment, the commission will be in its full strength
  • The CVC can have a central vigilance commissioner and two vigilance commissioners
  • While Sanjay Kothari is the Central Vigilance Commissioner, Sharad Kumar is the other vigilance commissioner

INDIA

  • UIDAI permits Aadhaar updation facility through Common Service Centres (CSCs)

ECONOMY & CORPORATE

  • Asian Development Bank approves USD 1.5 billion loan to India to help fund its response to the novel coronavirus pandemic
  • Moody’s Investors Service cuts India growth forecast for calendar year 2020 to 0.2% from 2.5% projected in March; 2021 growth forecast at 6.2%
  • Axis Bank to increase its stake in Max Life Insurance to 30%, remaining 70% to be held by Max Financial Services in the joint venture

SIPRI

  • The total global military expenditure rose by 3.6% to $1,917 billion in 2019, according to the Stockholm International Peace Research Institute (SIPRI).
  • China ($261 billion, 5.1% increase) and India ($71.1 billion, 6.8% increase) were the second- and third-largest spenders, after the US ($732 billion, 5.3% increase).

WORLD

  • External Affairs Minister Dr S Jaishankar attends BRICS Foreign Ministers’ meeting on COVID-19 through video conferencing
  • Minister for Environment, Forest and Climate Change Prakash Javadekar attends first virtual Petersberg Climate Dialogue hosted by Germany
  • World Day for Safety and Health at Work observed by the UN on April 28

SPORTS

  • India loses hosting rights of the 2021 men’s world boxing championship to Serbia

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