1st April, 2020 Current Affairs News download

1. Government has reduced interest rate on the small savings for the period of April – June
a. Public Provident Fund – Reduced to 7.1 percent from 7.9

b. Senior Citizen Savings Scheme – Reduced to 7.4 percent from 8.6

c. National Savings Certificate – Reduced to 6.8 percent from 7.9

d. Kisan Vikas Patra – Reduced to 6.9 percent from 7.6

e. Sukanya Samriddhi Scheme – Reduced to 7.6 percent from 8.4\

2. RBI has opened up Government Security instrument (G-Secs) of 5, 10 and 30 year maturity to Non-residents

3. RBI has also raised the limit for Foreign Portfolio Investors investment in corporate bonds to 15%

4. India and China Presidents are expected to exchange letters of greetings to mark the celebrations of 70th year of Sino-India ties on 1st April, 2020

5. Covid-19 pandemic is considered as the most challenging crisis after World War 2 according to United Nations Secretary General Antonio Guterres

1. Government has reduced interest rate on the small savings for the period of April – June
a. Public Provident Fund – Reduced to 7.1 percent from 7.9

b. Senior Citizen Savings Scheme – Reduced to 7.4 percent from 8.6

c. National Savings Certificate – Reduced to 6.8 percent from 7.9

d. Kisan Vikas Patra – Reduced to 6.9 percent from 7.6

e. Sukanya Samriddhi Scheme – Reduced to 7.6 percent from 8.4\

2. RBI has opened up Government Security instrument (G-Secs) of 5, 10 and 30 year maturity to Non-residents

3. RBI has also raised the limit for Foreign Portfolio Investors investment in corporate bonds to 15%

4. India and China Presidents are expected to exchange letters of greetings to mark the celebrations of 70th year of Sino-India ties on 1st April, 2020

5. Covid-19 pandemic is considered as the most challenging crisis after World War 2 according to United Nations Secretary General Antonio Guterres

6. US President Donald Trump has announced that Whitehouse has projected around 1,00,000 to 2,40,000 deaths in the US from Corona Virus pandemic

7. Sports Authority of India has handed over Delhi’s Nehru Stadium to government as a quarantine center for Covid-19 patients

8. Six Banks will be merged with 4 banks as part of the Government’s mega consolidation plan which coming into effect from 1st April, 2020

a. Andhra Bank and Corporation Bank will be merged with Union Bank of India

b. Allahabad Bank will be merged with Indian Bank

c. Oriental Bank of Commerce and Unite Bank of India will be merged with Punjab National Bank

d. Syndicate Bank will be merged with Canara Bank

9. All foreign billings for digital services provided in the country would attract 2%tax from 1st April, 2020

10. Nykaa lifestyle retailer has raised funding of Rs.100 crore from UK based Steadview Capital

11. Government has extended the date for linking Aadhaar and PAN to 30th June, 2020

12. Government has extended the last date for filing original and revised IT returns for the FY 2018-19 to 30th June, 2020

13. Foreign Direct Investment has increased to US$284 billion during the period 2014-2019 

Leave a Reply 0

Your email address will not be published. Required fields are marked *