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One Liners of the Day, 28 March 2020

Economy

  • CRISIL has cut India’s base-case Gross Domestic Product (GDP) growth forecast for fiscal 2021 to - 3.5% (from 5.2%).
  • The RBI allowed banks to put on hold EMI payments on all term loans for - three months.
  • The benchmark repurchase or repo rate was slashed by 75 basis points to - 4.40%.
  • The Cash Reserve Ratio (CRR) was slashed by 100 basis points to - 3%.
  • Amount that will be infused into the financial system by Reserve Bank of India to deal with the COVID-19 pandemic - about Rs 3.74 lakh crore.
  • Moody's Investors Service slashed its estimate of India's GDP growth during 2020 calendar year to - 2.5% (from 5.3%).
  • Responsive to the need of the hour to fight Corona Virus from all fronts, Small Industries Development Bank of India (SIDBI) has launched - SAFE (SIDBI Assistance to Facilitate Emergency response against Corona Virus) scheme.

International

  • This financial institution has launched a ____Policy tracker to monitor the steps various governments have taken to fight the COVID-19 pandemic - International Monetary Fund.

National

  • This industries association has set up a fund to assist rehabilitation of micro, small and medium enterprises - Confederation of Indian Industries.

State Current Affairs

  • "SMC COVID-19 Tracker" application launched by - Gujarat government.
  • The “Mo Jeeban” Programme launched by - Odisha Government.

Science

  • This Indian company will manufacture in-house 'ambu bag' ventilators for less than Rs 7,500 - Mahindra & Mahindra (M&M).
  • The Indian institute has developed an "infection-proof fabric" to be used at hospitals to prevent hospital-acquired infections (HAIs) - Indian Institute of Technology (IIT) Delhi.
  • The Lockheed Martin Advanced Extremely High Frequency (AEHF) satellite was launched by - United States Space Force.

General Knowledge

  • Small Industries Development Bank of India (SIDBI) - Founded: 02 April 1990; Headquarters: Lucknow, UP.
  • Reserve Bank of India (RBI) - Founded: 01 April 1935; Headquarters: Mumbai.
  • Confederation of Indian Industries (CII) - Founded: 1895; Headquarters: New Delhi.
  • Gujarat - Founded: 01 May 1960; Capital: Gandhinagar.
  • Odisha - Founded: 01 April 1936; Capital: Bhubaneswar.

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