SRB CURRENT AFFAIRS
27th March 2020(COVID-19 CRISIS)
SRB Current Affairs
Indian Post Offices providing basic amenities and services during the Covid-19 lock down • The Post Offices across the country are providing all basic postal and financial services. Amid the Covid-19 crisis generated 21-day lockdown which has been declared by the Union Government. As informed by the Ministry of Communications on March 27th, 2020.
• The postal offices will be having the priority to delivery of essential items.
• The post offices are also permitting withdrawal and deposit via Post Office Savings Bank as well as India Post Payments Bank.
• Apart from this, many other services such as Aadhar Enabled Payment System and ATM facility are also made available in post offices for withdrawal of money from any bank account.
High-level committee approves Rs. 5,751 crore worth fund for 8 states
A Top-level committee, chaired by Home Minister Amit Shah has recently approved funds worth Rs 5,751 Crore for eight states of India for COVID-19 calamity damage relief.
• Apart from this centre has approved additional assistance under the National Disaster Response Fund.
• They will be given to eight states which were severely affected by drought, floods, landslides and cyclones in 2019.
• These states includes Kerala, Bihar, Nagaland, Odisha, Maharashtra, Rajasthan, West Bengal and Karnataka.
IIT Gandhinagar launches Project ‘Isaac’
The Indian Institute of Technology, Gandhinagar (IITGN) has launched ‘Project Isaac’ to bring in the students in creative projects amid the COVID-19 lockdown.
• The IIT Gandhinagar project aims to boost up the student’s skills while they are confined in their homes.
• The project is inspired by Sir Isaac Newton, who was similarly sent home due to the Great Plague of London in 1665.
• During that year, Newton had devloped some of his most significant discoveries including early calculus and his theories of gravity and optics. India’s GDP growth slashed to 2.5 percent in 2020• Moody’s Investors Service on March 27, 2020 reduced India’s GDP growth in 2020 to 2.5 percent from the earlier estimate of 5.3 percent.
• Moody’s said that the COVID-19 pandemic will cause unprecedented shock to the global economy including the Indian economy.
• It said in its Global Macro Outlook 2020-21 that India will see a sharp fall in incomes at an estimated 2.5 percent growth rate.
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