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20th May Current Affairs

1. UN Secretary-General suggests world leaders to send video statements for 75th meeting

UN Secretary-General Antonio Guterres has suggested world leaders to send video statements for the world body’s 75th annual September meeting this year as there is ‘high unlikely’ chances that they will be able to travel to New York, the UN Headquarters during the Corona virus pandemic.

In a letter to the President of General Assembly, Tijjani Muhammad-Bande, Mr Guterres suggested that the heads of state and government deliver their pre-recorded messages instead, with only one New York-based diplomat from each of the 193 UN member nations present in the General Assembly Hall.

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The United Nations is an intergovernmental organization that aims to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations.
Headquarters: New York, United States


2. Kotak Bank launches India’s first zero-contact, video KYC Savings Account

Kotak Mahindra Bank announced the introduction of Video KYC to open a full-fledged Kotak 811 savings account, a first in Indian banking industry.

This initiative, presently being launched on a pilot basis for savings accounts, is in line with Kotak’s digital-first strategy and is a start-to-end fully integrated, zero-contact, completely digital and paperless account opening. The Video KYC process to onboard new customers will be extended to other products in a phased manner.

With Video KYC, verification of KYC documents and recording of the customer’s signature are completed via a video call with the bank, eliminating the need for a visit to the branch.

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Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. In February 2003, the Reserve Bank of India issued a banking licence to Kotak Mahindra Finance Ltd.


3. Centre reduces EPFO contributions from 12% to 10% from May to July

The Centre has notified the reduction in statutory rate of contributions from 12 percent to 10 per cent for wage months period from May to July, 2020 for all class of establishments covered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952.

Ministry of Labour and Employment in a statement said reduction in rate of EPF contributions from 12 percent to 10 percent of basic wages and Dearness allowances is intended to benefit both 4.3 Crore employees and employers of 6.5 lakhs establishments to tide over the immediate liquidity crisis to some extent.

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EPFO Founded on: 4 March 1952; Headquarters: New Delhi


4. Anil Kumble led ICC committee recommends ban on saliva due to COVID-19 pandemic

Cricket is set to do away with one of its oldest practices, the use of saliva to shine the ball, as an Anil Kumble led ICC committee recommended banning it owing to the COVID-19 pandemic.

The committee also pushed for bringing back two non-neutral umpires (both from the host nation) for all international matches, as DRS ensures more accurate decision making.

In line with its proposal, the committee has recommended an increase in the use of DRS review per innings, from two to three.

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The International Cricket Council is the world governing body of cricket. It was founded as the Imperial Cricket Conference in 1909 by representatives from Australia, England and South Africa. It was renamed as the International Cricket Conference in 1965, and took up its current name in 1989.

Chairperson: Shashank Manohar
Headquarters: Dubai, United Arab Emirates


5. Noted Marathi writer Ratnakar Matkari passes away

– Noted Marathi dramatist, litterateur, theatre personality and National Award-winning director, Ratnakar Matkari passed away in Mumbai. He had tested COVID-19 positive four days ago and was undergoing treatment.

– A versatile writer, Mr. Ratnakar Matkari has the honour of being decorated by both Sangeet Natak Akademi and Sahitya Akademi for his wide range of works. His film ‘Investment’ bagged the National Award in the Regional Category section.

– Some of his noted Marathi dramas include ‘Arannyak’ based on Mahabharata, ‘Lok Katha 78’, ‘Dubhang’, ‘Ashwamedh’, Chaar Diwas Premache’ and ‘Indira’.