Current affairs MAR 05 2020

1. Which state government recently abolished the policy of granting service extension to its employees after retirement?

Ans: Punjab (The Punjab government recently scrapped the policy of granting optional extension in service to the state government employees after retirement.This decision is taken with an aim to generate employment for the youth of the state. The state government had earlier allowed service extension to all employees up to the age of 60 or 62. Recently, the state made the retiring age of the employees to 58 from 60.)

2. The Reserve Bank of India is conducting one-year and three-year tenor LTRO to help banks to reduce their lending rates. What does LTRO stand for?

Ans: Long-term Repo operation (The Reserve Bank of India is conducting one-year and three-year tenor LTRO to help banks to reduce their lending rates. In the latest bi-monthly policy review, it announced term repurchase agreements (repos) of one-year and three-year tenors for Rs 1 trillion at the policy repo rate.RBI has conducted three LTRO- Long-term repo operation on February 17, February 24 and March 1. The fourth operation is scheduled on March 9. In the third LTRO of three-year tenor, RBI has received 66 bids amounting to Rs 1.71 trillion.)

3. Ramniklal Solanki, an ‘Order of the British Empire’ awardee, who recently passed away, was associated with which field?

Ans: Journalism ( Veteran journalist in Gujarati-language and pioneer of the Asian media in the United Kingdom, Ramniklal Solanki recently passed away.He served as the London correspondent of the Mumbai-based Janmabhoomi Group of newspapers. He was also the founder-editor of the Garavi Gujarat newsweekly and the Asian Media Group. He was awarded the royal honours of the United Kingdom, the Order of the British Empire (OBE) in 1997 and the highest honour- CBE in 2007.)

4. Pekka Lundmark has been selected as the next President and CEO of global consumer electronics company?

Ans: Nokia (Leading Telecom and consumer electronics company Nokia announced that its board of directors has appointed Pekka Lundmark as the next President and CEO to succeed Rajeev Suri.Rajeev Suri is to step down from his current role on August 31, 2020 and remain as an advisor to the Nokia board till January 1, 2021. Pekka Lundmark is set to take charge from September 2020 and will be based in Espoo, Finland.)

5. The mobile application ‘Humsafar’, which was in news recently, is associated with which service?

Ans: Door Delivery of Fuel (The Labour Minister Santosh Gangwar recently launched the mobile application named ‘Humsafar’. The app is launched with an objective of delivering fuel at the door-steps of Housing societies, hotels and hospitals in the National capital region.The app will ensure the delivery of fuel to other bulk buyers of diesel in various NCR cities. This step would curb the unsafe practices of transporting fuel in the city.)

6. The chairman of the LuLu Group, M A Yusuff Ali became the first Indian to receive premium residency of which country?

Ans: Saudi Arabia (The chairman of the LuLu Group, M A Yusuff Ali recently became the first Indian to receive Saudi Arabia’s premium residency. Abu Dhabi-based Indian retail business-person was also ranked the richest expatriate in the UAE by the Forbes magazine last year.The permit also known as Saudi Green Card, grants expatriates the right to live, work and own business and property in the country without the requirement of a sponsor.)

7. What is India’s economic growth rate for 2020-21, as estimated by OECD (Organisation for Economic Cooperation and Development)?

Ans: 5.1% (International agency OECD recently lowered India’s GDP growth forecast to 5.1 per cent from the earlier projection of 6.2 per cent for 2020-21. For the financial year ending March 2019, OECD has projected a growth rate of 4.9%.The main reason for the cut in rates was the concerns about the impact of coronavirus on the domestic and the global economy. However, the economy of India is to improve to 5.6 per cent in the following year (2021-22).)

8. As of March 2020, the Bureau of Energy Efficiency (BEE) has covered how many appliances under the Star Labelling Programme?

Ans: 26 (The Bureau of Energy Efficiency has formulated the Star Labelling Programme under the Energy Conservation Act, 2001. Recently, on its 19th foundation day, BEE expanded its coverage to 2 more appliances: Deep Freezers and Light Commercial Air Conditioners. The total appliances covered under the programme are 26 now.A database on energy e¬fficiency called ‘Urja Dakshata Information Tool (UDIT)’ was launched by BEE along with World Resources Institute (WRI).)

9. The Exhibition named “EKAM Fest” is organised by which Union Ministry?

Ans: Ministry of Social Justice & Empowerment (A 7-day Exhibition and fair named “EKAM Fest” organized by National Handicapped Finance Development Corporation (NHFDC) under the Ministry of Social Justice & Empowerment recently began in New Delhi.The EKAM Fest is open for public from 2nd March to 9th March, 2020. More than 82 Differently-abled men and women from 17 States/ UTs have showcased their products at the EKAM Fest event. NHFDC has launched several initiatives in the fest including: NHFDC Swavalamban Kendra, Safe Cabs in Delhi and Indore Safe Drinking Water E Carts.)

10. Which tri-state sanctuary has been declared as eco-sensitive zone (ESZ) recently?

Ans: Natinal Chambal sanctuary ( The sanctuary, which is located across the states of Madhya Pradesh, Uttar Pradesh and Rajasthan, is home to 75 per cent of gharials, the fresh water gangetic dolphins, fresh water turtles and more than 180 species of migratory birds. The order said that the areas in the Eco-sensitive Zone shall not be used for commercial, residential or industrial activities.)

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