May 2020 | Page 7 of 78

Manipur listed as one of top 10 global initiatives to fight COVID-19

The United Nations Secretary-General’s Envoy on Youth has listed Manipur’s Khudol (gift) among the top 10 global initiatives for an inclusive fight against the COVID-19 pandemic. Khudol is a crowdfunded initiative of Ya All. The initiative aims to ensure food supplies and health services for the people living with HIV, daily-wage earners, LGBTQI+ community, children, […]

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New method developed by IIT-G to prevent memory loss due to Alzheimer

Indian Institute of Technology (IIT) Guwahati scientists have discovered a new method to help prevent or reduce short-term memory losses associated with Alzheimer’s disease. In this method, the researchers used ‘Trojan peptides’ to arrest the aggregation of the neurotoxic molecules. The idea of using ‘Trojan peptide’ was initiated from the mythological “Trojan Horse” used as

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World Day for Cultural Diversity for Dialogue and Development 2020

World Day for Cultural Diversity for Dialogue and Development is observed on 21 May to promote culture and highlight the significance of its diversity as an agent of inclusion and positive change. The day celebrates the richness of the world’s cultures and the essential role of intercultural dialogue for achieving peace and sustainable development. The

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International Tea Day 2020

International Tea Day is observed on 21 May every year by the United Nations Food and Agriculture Organisation (FAO). The day provides an opportunity to celebrate the cultural heritage, health benefits, and economic importance of tea. The origins of tea go back to more than 5,000 years. Tea contributes to health, culture, and socioeconomic development.

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International Day for Biological Diversity 2020

International Day for Biological Diversity (IDB) is observed on 22 May to increase understanding and awareness of biodiversity issues. It calls people to re-examine human relationship to the natural world. The theme for 2020 International Day for Biological Diversity is “Our solutions are in nature”. The theme emphasizes hope, solidarity, and the importance of working

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NTPC Ltd signed MoU with ONGC for Renewable Energy business

India’s top oil and gas producer ONGC and country’s biggest electricity generator have signed a preliminary agreement to set up a joint venture company for renewable energy projects. The MoU will enable NTPC and ONGC to accelerate their footprint in Renewable Energy. As per the MoU, NTPC and ONGC will explore the setting up of

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RBI announced LoC to EXIM Bank to raise its resources

The Reserve Bank has announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade. The EXIM Bank will be given LoC of Rs.15,000 crore for a period of 90 days from the date of availing with rollover up to a maximum period of one year. It

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MP launched ‘Everybody will get employment’ scheme

Madhya Pradesh Chief Minister has inaugurated the ‘Everybody will get employment’ scheme through video conferencing. Under this scheme, MNREGA job cards will be distributed to the labourers. The scheme aims to provide employment to migrant labourers and those labourers who have gone out of the state in search of employment, in their village and gram

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RBI cut repo rate to a record low by 40 bps

The Reserve Bank of India has announced a 40 basis points reduction in key policy rates while estimating that Indian economy will shrink in 2020-21. The repo reduction marked the lowest repo rate or the key interest rate at which the RBI lends short-term funds to commercial banks. This is the reduction that has been

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Special Liquidity Scheme for NBFCs, HFCs to address their Liquidity Stress

Union Cabinet has approved the new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs). The scheme aims to improve the liquidity position of the NBFCs/HFCs. The Government has proposed a framework for addressing the liquidity constraints of NBFCs/HFCs through a Special Liquidity Scheme. As per the scheme, a Special Purpose

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