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Daily GK Updates - 02nd April Current Affairs

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Today GK Updates – 02nd April Current Affairs

1. Govt extends existing foreign trade policy (2015-20) for one year till March 2021

– The Government has extended the existing foreign trade policy (2015-20) for one year till March 2021 amid coronavirus outbreak and the lockdown.

– The existing foreign trade policy 2015-20 which is valid up to March 31 this year is extended up to March 31, 2021.

– Exports during April-February this fiscal dipped by 1.5 per cent to 292.91 billion dollars.

– Imports during the period declined by 7.30 per cent to 436 billion dollars, leaving a trade deficit of 143.12 billion dollars.

GKToday For SSC CGL Exams

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. Wimbledon Tennis tournament cancelled for the first time since World War-II

– Wimbledon, the oldest Grand Slam tennis tournament, has been cancelled for the first time since World War-II because of the Coronavirus pandemic.

– Tournament organizer, All England Club (AELTC) after an emergency meeting announced that the Championships 2020 will be cancelled due to public health concerns linked to the Novel Coronavirus epidemic.

– The tournament was due to be played between 29 June and 12 July. The entire grass-court season has been abandoned, and there will be no professional tennis anywhere in the world until at least 13 July.

Daily Current Affairs for SBI CLERK Exams

Wimbledon is the oldest tennis tournament in the world. Founded: 1877
Headquarters location: London, United Kingdom


3. Utkal Dibasa (Foundation day of Odisha): 01st April

– Every year on April 1, Odisha celebrates Utkal Dibasa to mark the day the state was born as a separate entity on linguistic basis. The state was carved out of the combined Bengal-Bihar-Orissa province.

– This year marks the 83rd Utkal Dibasa, or the foundation day of Odisha. Odisha was born as a separate state on April 1, 1936, on linguistic basis.

GKToday for SBI PO Exams

Odisha Capital: Bhubaneswar; Number of Districts: 30; Governor: Ganeshi Lal; Chief Minister: Naveen Patnaik; Members of the Legislative Assembly: 147; Lok Sabha Seats: 21; Rajya Sabha Seats: 10


4. RBI announces measures to tackle COVID-19 pandemic

– The RBI has announced three important measures to tackle the COVID-19 pandemic and reduce its impact on the Indian economy. The three measures include:-

– The extension of realisation period of export proceeds made up to or on July 31, 2020 to 15 months from the date of the export because of trade disruption.

– Review of way and means limits of all the states and union territories increased by 30%.

– Lastly implementation of the countercyclical capital buffer framework. Under the framework, the countercyclical capital buffer will be activated when required.

GKToday For SSC CGL Exams:

The Reserve Bank of India is India’s central bank, which controls the issue and supply of the Indian rupee. RBI is the regulator of entire Banking in India.
Headquarters: Mumbai


5. World Bank offers $1bn for proposed India project

– The World Bank has offered $1 billion to the Indian government for a proposed India Covid-19 emergency response and health systems preparedness project.

РThe idea of the project will be to respond and mitigate the Covid-19 threat and strengthen national systems for public health preparedness in India. This four-year project aims to develop the preparedness of India’s health care systems in the time of the pandemic.

– The World Bank funding is from its Covid-19 fast-track facility where both the entities (World Bank and the government of India) will work on following the best international practice.

GKToday For SSC CHSL Exams:

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)