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Today GK Updates - 14th April 2020 Current Affairs

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Today GK Updates – 14th April 2020 Current Affairs

1. Lockdown in the country is to be extended till 3rd May: PM Modi

– Prime Minister Narendra Modi addressed the nation and announced that after considering all aspects the lockdown in the country is to be extended till 3rd May.

– Prime Minister lauds patience and discipline observed by citizens in making lockdown successful. Prime Minister said that tight Vigil has to be kept on all hotspots and containment zones.

– Every district will be analysed over the number of hotspots till 20th April. From 20th April, the restricted relaxations in few districts will be allowed. Detailed guideline regarding the extended lockdown and relaxations will be released tomorrow.

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Severe Acute Respiratory Syndrome Coronavirus-2 (SARS-CoV-2) is the name given to the 2019 novel coronavirus. COVID-19 is the name given to the disease associated with the virus. SARS-CoV-2 is a new strain of coronavirus that has not been previously identified in humans.


2. India to report slowest growth in FY21: World Bank

– World Bank in its South Asia Economic Focus report has stated that India will be recording its worst growth performance in FY21 since the 1991 economic reforms. The slow growth will be the result of a Coronavirus outbreak which has disrupted the economy severely.

– As per World Bank, India’s economy is expected to grow 1.5 percent to 2.8 percent in FY21 which started on April 1. The earlier estimated growth for India was 4.8 percent to 5 percent in 2019-20 FY that ended on March 30.

– World Bank also added that the economic result in the prolonged lockdown will be much worse than the given prediction.

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The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.
Headquarters: Washington, D.C., United States
Membership: 189 countries (IBRD); 173 countries (IDA)


3. HRD Minister launches web portal ‘YUKTI’

– Minister for Human Resource Development Ramesh Pokhriyal Nishank has launched a web-portal YUKTI (Young India Combating COVID with Knowledge, Technology and Innovation) in New Delhi.

– The portal and dashboard will monitor and record the efforts and initiatives of the Ministry of HRD.

– The Minister informed that it will cover the various initiatives and efforts of the institutions in academics, research especially related to COVID-19, social initiatives and measures taken for the betterment of the total well being of the students. The portal will cover both qualitative and quantitative parameters for effective delivery of services to the academic community at large.


4. Chinese Central Bank now owns 1.01% stake in HDFC

– The People’s Bank of China (PBOC) has bought 1.01 per cent stake in the Housing Development Finance Corporation (HDFC).

– PBOC held 1.75 crore shares of HDFC during the quarter that ended in March.

– HDFC Vice Chairman and CEO Keki Mistry said the PBOC has been an existing shareholder and had owned 0.8 per cent in the company as of March 2019.

– Due to the coronavirus crisis, HDFC shares fell nearly 39.87 per cent this year from a high of Rs 2,493 to a low of Rs 1,499 last week.

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HDFC Headquarters: Mumbai; Founded: August 1994


5. Nation pays tribute to Martyrs of Jallianwala Bagh Massacre

– The Jallianwala Bagh massacre took place on 13 April 1919.

– Troops of the British Indian Army, under the command of Colonel Reginald Dyer, fired machine guns into a crowd of unarmed protesters and pilgrims who had gathered in Jallianwala Bagh in Punjab’s Amritsar on the occasion of Baisakhi.

– The crowd had assembled peacefully at the venue to condemn the arrest of two national leaders, Satya Pal and Saifuddin Kitchlew, when they were fired indiscriminately by General Dyer and his men.

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According to British government records, 379 people including men, women, and children were killed while 1,200 were wounded in the firing. Other sources place the number of dead at well over 1,000.


6. OPEC Deal: Oil price war ends with historic deal to cut production

– A historic deal between the OPEC+ alliance, the world’s top oil producers, will cut global oil production and end the oil price war. The OPEC deal came through after week-long bilateral talks and four days of video conferences between ministers from across the world including the OPEC+ alliance and G20 nations.

– The OPEC+ nations will cut global crude output by 9.7 million barrels a day, a little less than the initial plan of 10 million barrels. The deal is aimed at bringing an end to the oil price war that gripped the world due to the COVID-19 pandemic.

– The deal is expected to pave the way for stability in both oil-producing nations and most oil-consuming nations.

Static GK:

The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 13 nations, founded on 14 September 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria.