25-26 April 2020 Current Affairs

Franklin Templeton | Mutual Fund | Panchayat Portal | New CVC | Banking Services |

Posted on Apr 26, 2020 04:03 IST in Current Affairs.

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1) Which mutual fund entity voluntarily decided to wind up six debt funds due to severe market dislocation and illiquidity and thus became first mutual fund in India to do so? - Franklin Templeton Mutual Fund (Citing severe market dislocation and illiquidity" caused by the coronavirus, Franklin Templeton Mutual Fund voluntarily decided to wind up six yield-oriented managed credit funds with nearly Rs. 31,000 crore in assets under management (AUM) effective 23 March 2020. It thus became the first mutual fund in Indian market to take such step. Franklin Templeton said that this decision was taken to protect value for investors via a managed sale of the portfolio as these funds carried high credit risks)

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2) Prime Minister Narendra Modi on 24 April 2020 launched which portal that aims to digitalize all Gram Panchayats? – “e-Gram Swaraj Portal” (e-Gram Swaraj Portal was launched by Prime Minister Narendra Modi on the occasion of Panchayati Raj Day on 24 April 2020. On this occasion the PM also interacted with select Sarpanchs from across the nation. e-Gram Swaraj Portal is a step towards complete digitization of villages and will maintain all records of all developmental activities of villages and will be accessible on mobile phones)

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3) Who took over as the new Chief Vigilance Commissioner (CVC) of India on 25 April 2020? - Sanjay Kothari (Retired IAS officer Sanjay Kothari took oath as the Central Vigilance Commissioner (CVC) at a ceremony at Rashtrapati Bhavan on 25 April 2020. He was secretary to President Ram Nath Kovind before being nominated to the new role. The post of CVC has been lying vacant since June 2019 when CVC K.V. Chowdary superannuated from this post and Vigilance Commissioner Sharad Kumar was holding the interim charge from then)

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4) The Union Government during April 2020 declared banking industry as a public utility service for six months till 21 October 2020. What is the main purpose of this decision? – To prevent bank employees from going on strike (The order to declare banking industry as a public utility service was done under the provisions of Industrial Disputes Act. With this move, employees and officers of the highly unionised banking sector would not be able to go on strike besides certain other activities)

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5) What is the name given to China's first Mars exploration mission as was announced by China National Space Administration (CNSA) on 24 April 2020? - Tianwen-1 (Tianwen-1 is the name of China’s first Mars exploration mission. China plans to launch the Mars probe in this year, aiming to complete orbiting, landing and roving in one mission)

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