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30th May 2020 Current affairs

  1. Central Institute of Plastics Engineering & Technology (CIPET) has been renamed as Central Institute of Petrochemicals Engineering & Technology (CIPET), a premier national institution under the Ministry of Chemicals and Fertilizers, Govt. of India. The announcement was made by the Union Minister for Chemicals and Fertilizers DV Sadananda Gowda.
  1. The Reserve Bank said it has imposed a penalty of Rs 5 crore on state-owned Bank of India for non-compliance with certain provisions, including those related with NPA.
  1. Vakrangee Ltd said it has tied up with Life Insurance Corporation of India (LIC) to distribute micro insurance products in unrepresented and underserved areas through its centres across the country. 
  1. The country’s GDP growth is likely to be at 3.6 per cent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak says a report.
  1. Foreign direct investment (FDI) in India grew by 13% to a record of $49.97 billion in the 2019-20 financial years according to official data. 
  1. The country’s economy, which is likely to contract by 5 per cent in the current fiscal, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. 
  1. The 36th National Games, scheduled to be held in Goa, were postponed indefinitely due to the coronavirus pandemic. 
  1. Sri Lanka’s cricket board suspended pace bowler Shehan Madushanka from all forms of the game, two days after he was arrested allegedly in possession of heroin. 
  1. Kerala Police will get its first woman Director General when R.Sreelekha assumes office as the new head of the Kerala Fire and Rescue Services on 1st June. 
  1. Every year on 29 May, the United Nations commemorates the International Day of United Nations Peacekeepers.


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