Daily Current Affairs 05 April 2019: We have collected the latest current affairs for 05 April 2019 that are important for all competitive exams like bank, ssc, ibps, sbi exams. The GK current affairs will help you score more in these competitive exams. Improve your general knowledge with our daily online current affairs. You can also read the current affairs on our mobile app.
Current Affairs 05 April 2019
RBI provides additional 2 per cent liquidity under LCR norm
- The Reserve Bank of India has provided additional 2 per cent liquidity window to the lenders by tweaking liquidity coverage ratio (LCR) norms. The step has been taken to further improve the cash position of banks
‘Experimental learning’ to be punch line for CBSE in 2019-20
- Central Board of Secondary Education (CBSE) secretary Anurag Tripathi has announced that from now, every year CBSE board will have a punch line.
- The punch line for the 2019-20 session of CBSE is “Experiential learning”
Global Report on Food Crises 2019
The Global Report on Food Crises 2019 was released on April 2, 2019 jointly by the European Union, the Food and Agriculture Organization of the United Nations (FAO), and the UN World Food Programme (WFP).
Key Findings of the Report
- Around 113 million people in 53 countries experienced acute food crises in 2018. This figure was 124 million in 2017.
- Though the number of people declined in 2018, still the world facing food crises has remained well over 100 million in the last three years, and the number of countries affected has risen.
- An additional 143 million people in another 42 countries are just one step away from facing acute hunger.
- Around two-thirds of population facing acute hunger are in just 8 countries: Afghanistan, the Democratic Republic of the Congo, Ethiopia, Nigeria, South Sudan, Sudan, Syria and Yemen.
- In 17 countries, acute hunger either remained the same or increased.
- Climate and natural disasters has led about 29 million people into acute food insecurity in 2018.
****Note – Acute food insecurity is when a person’s inability to consume adequate food puts their lives or livelihoods in immediate danger.
CS Rajan appointed Managing Director Of IL&FS
- The board of IL&FS has appointed CS Rajan as Managing Director to oversee the ongoing asset monetisation process. Apart from this Bijay Kumar has been appointed as the deputy managing director.
Vikram Kirloskar Takes Charge as President of CII for 2019-20
- The Confederation of Indian Industry (CII) has appointed Vikram Kirloskar as its President for 2019-20.
- Kirloskar is the Chairman and Managing Director of Kirloskar Systems Ltd, and Vice Chairman of Toyota Kirloskar Motor.
- He takes over from Rakesh Bharti Mittal, Vice Chairman, Bharti Enterprises.
- Other CII appointments for 2019-20 includes:
- Uday Kotak, the founder and MD & CEO of Kotak Mahindra Bank – President-Designate
- T.V. Narendran, the CEO & MD of Tata Steel – Vice President
Keshav Murugesh appointed Chairman of NASSCOM
- Keshav Murugesh has been appointed as the Chairman of IT industry body Nasscom for 2019-20. He has succeeded Rishad Premji.
- UB Pravin Rao has been appointed as the Vice-Chairman of NASSCOM.
BSE & India INX Becomes 1st Indian Exchanges to Sign MoU with Moscow Exchange
- India’s premier exchange, BSE and The India International Exchange (IFSC) Limited (India INX), India’s first international exchange based in the International Financial Services Centre (IFSC), have signed a memorandum of understanding (MoU) with Moscow Exchange (MOEX) on April 3, 2019.
- The purpose of the MoU is to bring together the investors’ community and companies in both countries for setting capital formation platform on a larger scale.
- With this, BSE and India INX has become the first Indian Exchanges to enter into the MoU with Moscow exchange and will facilitate the development of channels of communication.
- The MoU will help to boost professional intermediaries in both markets to share their know-how and expand their client network in their home market and abroad.
Reliance Jio Acquires AI-Based Startup Haptik For Rs. 700 Crore
- Reliance Jio Digital Services Limited, the subsidiary of Reliance Industries Limited, has acquired artificial intelligence (AI) firm Haptik for Rs 700 crore on April 3, 2019.
- With this Reliance will become the majority stake holder of Haptik, holding about 87% of the business.
- The rest stake will be held by the company’s founders and employees.
- RIL has already paid Rs 230 crore as the consideration for the initial business transfer from Haptik to Jio.
- The rest amount of Rs 470 crore will be paid over the next 5 years and will be used for business expansion.
Government sells Rs 1,150 crore worth enemy shares in Wipro
- The Government of India has sold enemy shares worth around Rs 1,150 crore in IT major Wipro to Life Insurance Corporation, General Insurance Corporation and The New India Assurance Corporation.
- The Custodian of Enemy Property for India is an entity of the central government which looks after enemy property and shares.
- In November 2018, GOI had approved a mechanism for sale of enemy shares in companies.
- According to Enemy Property Act, 1968, “enemy property” refers to any property belonging to, held or managed on behalf of an enemy, an enemy subject or an enemy firm.
- Sale proceeds are to be deposited as disinvestment proceeds in the government account maintained by the Ministry of Finance.
- The Department of Investment and Public Asset Management has been authorised to sell the shares.
Lakshmi Vilas Bank approves merger with Indiabulls Housing Finance
- The board of The Lakshmi Vilas Bank Ltd. has approved a scheme of amalgamation with Indiabulls Housing Finance Ltd. The proposed name of the new entity thus formed is Indiabulls Lakshmi Vilas Bank. However, the name will be finalised after getting clearance from regulatory authorities.
- For every one share of Rs 10 each, shareholders of Lakshmi Vilas Bank will receive 0.14 equity share of Rs 2 each of Indiabulls Housing Finance.
- The merged entity’s net worth will be Rs 19,472 crore, with 14,302 employees and a loan book of Rs 1.23 lakh crore.
- Note: The merger is subject to approval from shareholders, Competition Commission of India (CCI), National Housing Bank (NHB) and National Company Law Tribunal (NCLT)
National Maritime Day of India: April 5
- India celebrates the National Maritime Day on April 5 every year.
- It was on this day in 1919 that Indian shipping history was created when SS Loyalty, the first ship of The Scindia Steam Navigation Company Ltd., sailed to the United Kingdom from Mumbai (then British Bombay) when sea routes were controlled by the British.
- The theme of the National Maritime Day 2019 celebrations is “Indian Ocean-An Ocean of opportunity”.
Economist Viharidas Gopaldas Patel passed away
- Noted economist and ‘Father of Entrepreneurship Movement’ in India, Viharidas Gopaldas Patel, passed away at the age of 79.
- He had won Padma Shri in 2017 for his contribution to the entrepreneurship movement.