Daily Current Affairs 3rd May, 2020

Daily Current Affairs 3 May 2020 for Banking/Insurance/SSC and other related exams.


World Bank approves USD 400 million to enhance India’s coastal resources
The World Bank (WB) has approved multiannual financial support of $400 million for India to improve and safeguard its coastal and marine resources.

  • The multi-year financial support responds to the growing need to safeguard India’s coastal and marine assets over the next decade.
  • The program will help protect coastal resources by focusing on the rehabilitation of coastal beaches and mangroves.

RBI cancels licence of Mumbai-based The CKP Co-operative Bank
The Reserve Bank said it has cancelled the licence of city-based The CKP Co-operative Bank Ltd as its financial position is unsustainable and also not in a position to pay its depositors.

  • The bank is not satisfying the stipulated minimum regulatory capital requirement of 9 per cent, the RBI said while cancelling the licence from the close of business on April 30.
  • On liquidation, every depositor is entitled to repayment of his/her deposits up to a monetary ceiling of Rs 5,00,000 from the Deposit Insurance and Credit Guarantee Corporation (DICGC) as per usual terms and conditions


CSIR launches Kisan Sabha App to connect farmers to supply chain, transportation Management System
Council of Scientific and Industrial Research (CSIR) has launched Kisan Sabha App to connect farmers to supply chain and freight transportation Management System.

  • It aims to provide the most economical and timely logistics support to the farmers and increase their profit margins by minimizing interference of middlemen and directly connecting with the institutional buyers.


American Academy of Arts and Sciences elects three Indians
Three Indians have been elected for the prestigious membership of the American Academy of Arts and Sciences this year. Two of them are in the sciences: Biman Bagchi from the Solid State and Structural Chemistry Unit of the Indian Institute of Science, Bengaluru, and Shobhana Narasimhan from the Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), Bengaluru. Kavita Singh, from the School of Arts and Aesthetics at the Jawaharlal Nehru University, Delhi, has been selected for the Humanities and Arts stream.

  • The prestigious International Honorary Membership counts Albert Einstein, Akira Kurosawa, Nelson Mandela and Charles Darwin among some of its past members, and the elected members aim to work together to solve problems faced by the world at large.

Kashmir saffron gets GI tag
Kashmir saffron, which is cultivated and harvested in the Karewa (highlands) of Jammu and Kashmir, has been given the Geographical Indication (GI) tag by the Geographical Indications Registry. The spice is grown in some regions of Kashmir, including Pulwama, Budgam, Kishtwar and Srinagar.

  • Iran is the largest producer of saffron and India is a close competitor. With the GI tag, Kashmir saffron would gain more prominence in the export market


Lokpal Member Justice AK Tripathi, Who Tested Positive for Covid-19 Last Month, passes away
In a first high-profile death due to coronavirus in the country, Lokpal member Justice AK Tripathi (retd) passed away at the All India Institute of Medical Sciences .

  • Justice Tripathi had also served as an Additional Advocate General in Bihar. Later, he was elevated as Additional Judge of the Patna High Court and later the Chief Justice. He was appointed the Judicial Member of the Lokpal on March 23 last year.

Odia dramatist Bijay Mishra dies at 83
Eminent Odia dramatist lyricist and screenwriter Bijay Mishra died at a hospital following a prolonged illness.He was 83.

  • Regarded as one of the pioneers of the modern theatre movement in Odisha and playwright in the Odia film industry, Mishra was a recipient of Odisha Sahitya Akademi and Kendra Sangeet Natak Akademi Awards.
  • Recipient of many awards, he was also honoured with the prestigious Jayadev Award for his lifetime contribution to the Odia film industry during the Odisha State Film Awards last year.


Union Culture Minister launches e-book “Prof. B.B. Lal: India Rediscovered”
On the occasion of centenary year of great archaeologist Professor B. B. Lal, Union Culture Minister Prahlad Singh Patel released an e-book “Prof. B. B. Lal -India Rediscovered” in New Delhi.

  • The book is a centenary special edition which has been prepared by Ministry of culture in collaboration with Prof B B Lal Centenary Celebration Committee. The book is a tribute from Ministry of culture for his immense contribution to the field of archaeology.

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