Latest Current Affairs: 31 March 2020

Current Affairs: 31st March 2020
PM-CARES Fund: Fund to fight COVID-19 Outbreak formulated by PM Modi
  • Prime Minister Narendra Modi has formulated fund named Prime Minister’s Citizen Assistance and relief in Emergency Situation Fund (PM-CARES) where people can contribute and help government‘s fight against COVID-19.
  • This emergency fund has PM Modi as the chairman and defence minister Rajnath singh, home minister Amit Shah and the finance minister Nirmala Sitharaman as its member. State Bank of India is the banking partner of PM-CARES.
  • Anyone can visit pmindia.gov.in to make contributions using debit card, credit card, UPI and net banking.

Medical Insurance Scheme for health workers dealing with COVID-19 approved by centre.
  • The centre has approved Rs.50 lakh medical insurance scheme for healthcare workers who are dealing with coronavirus pandemic.
  • The approval made is a part of measures under Pradhan Mantri Garib Kalyan Package of Rs. 1.7 lakhs announced by finance minister Nirmala Sitharaman.
  • It provides insurance cover for 90 days to around 22.12 lakh public healthcare providers, Accredited Social Health Activist (ASHA) workers & community health workers who will have to be in direct contact with the affected patients & who may be at risk of being impacted & lose their lives.
  • Due to the unprecedented situation, the insurance scheme will also cover private hospital staff, retirees, volunteers, contract workers, daily wagers and outsourced staff hired by the central, state governments and autonomous hospitals of Central, States, Union territories (UT), All India Institute of Medical Sciences (AIIMS) & hospitals of Central Ministries and the cases reported will be subject to the numbers indicated by the Ministry of Health and Family Welfare.
  • The scheme will be funded by the National Disaster Response Fund (NDRF) budget which is operated by the ministry for this purpose.

Employees Provident Fund Scheme, 2020 comes into force
  • The Employees Provident Fund (Amendment) scheme, 2020, has come into force by amending Employees’ Provident Funds (EPF) Scheme 1952.A sub-paragraph (3) under paragraph 68L has been added in the EPF scheme, 1952. This amendment has been made by the Ministry of Labor and Employment.
  • This amendment allows the withdrawal of non-refundable advance by EPF members in the wake of COVID-19 pandemic in the country.
  • This non-refundable withdrawal should not exceed the basic wages and dearness allowance (DA) for three months or up to 75% of the amounts standing to the credit of their EPF account, whichever is less.

RBI merge 10 state banks in to 4 banks from 1st April
  • The mega bank consolidation plan is all set to come into force from April 1, 2020.  The branches of merging banks will operate as of the banks in which these have been amalgamated. Also, the customers of merging banks will be treated as customers of the banks in which these banks have been merged with effect from April 1, 2020.
  • As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra Bank and Corporation Bank into Union Bank of India.

RBI: Reserve Bank of India
Established: 1st April, 1935
Act: Reserve Bank of India Act, 1934
Currency: Indian rupee
Headquarters: Mumbai, Maharashtra
Governor: Shaktikanta Das

DRDO developed N99 masks, Ventilator and hand sanitizer to fight against COVID-19 
  • Defence Research and Development Organization made 4000 liter hand sanitizer and N99 masks having 5 layers. DRDO manufacture 10,000 masks per day, one of 70 rupee.

DRDO: Defence Research and Development
: 1958
Headquarters: New Delhi
Defence Minister: Rajnath Singh
Agency Executive: Dr. G. Satheesh Reddy
Motto: Balasya Mulam Vignyanam

Short Notes
  • 30 March: State formation of Rajsthan.
  • India extends ban on international flights till 14 April.
  • Chennai Port Trust has acquired from the Centre 67% stake in Kamarajar Port Ltd for INR 2,383 crore making the latter its wholly-owned subsidiary.
  • Navin Chikara has been named for four years for failing a dope test who is associated with Shot Putt.
  • Indian Cricketer Mayank Agarwal appointed as a Brand Ambassador of Aeronutrix’s Fast & Up.
  • Mirza Waheed and Santanu Das win The Hindu Prize 2019.
  • COVID-19: IIT Bombay develops two apps “Corontine” and “Safe” to track violations by those in quarantine.

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