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Important Current Affairs 27th May 2020

National

AarogyaSetu becomes open source

• The Government has decided to make the AarogyaSetu app an open source to show its commitment towards the core design principles of AraogyaSetu- which are transparency, privacy and security.

• Making the AarogyaSetu app open source means that the government will publish it on a public code repository and release the source code in the public domain. This move will allow developers to inspect the source code of the app and modify it for changes.

• The announcement was made by NITI Aayog CEO Amitabh Kant on May 26, 2020.

NitinGadkari inaugurates tunnel under ChardhamPariyojana in Chamba

• Union Minister of Road Transport and Highways of India NitinGadkari inaugurated the 440 metre-long tunnel, constructed below the busy town of Chamba, on Rishikesh-Dharasu road Highway(NH 94) as part of the Chardham Connectivity Project.

• The tunnel has been developed by the Border Roads Organisation (BRO).Of this BRO is constructing 250 Km of National Highways leading to holy shrine Gangotri and Badrinath.

• The Rs 12,000 croreChardham Project includes construction of National Highway with approximate length of 889 Km, to connect Gangotri, Kedarnath, Yamunotri and Badrinath.

Army Commanders’ Conference begins in New Delhi

The Army Commanders’ Conference has commenced in New Delhi. This is the first phase of the conference which has been scheduled from 27 to 29 May 2020. The Army Commanders’ Conference is an apex level biannual event that was earlier scheduled to be held in April 2020.

PFC signs MoU with NBPCL to fund various projects in Madhya Pradesh

• Power Finance Corporation (PFC), the central PSU under Ministry of Power has signed anMoU with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya Pradesh, to fund various power projects to be executed in the State of Madhya Pradesh.

• The funds of worth Rs 22,000 crore will be deployed by NBPCL for setting up hydroelectric projects of 225 MW along with power components of 12 other major multipurpose projects to be executed in Madhya Pradesh.

Banking and Economy

Worst recession hits India in the current fiscal year: CRISIL

• The research and rating agency CRISIL has revised its forecast downwards again and expects Indian economy to contract 5 percent in fiscal 2020-21. This was 1.8 percent in last prediction.

• This means India’s GDP growth for FY21 has been estimated to be -5%.It also said that the pre- gross domestic product (GDP) rate in India will not be possible for the next three fiscals.

• Extension in , higher economic costs and an economic package are the three basic reasons for the downward revision.

Days

NGMA commemorates 115th Birth Anniversary of Ramkinkar Baij

• The National Gallery of Modern Art organised a virtual tour to commemorate the 115th Birth Anniversary of iconic artist Ramkinkar Baij. The virtual tour was titled as “Ramkinkar Baij | Journey through silent transformation and expressions”.

• The virtual tour was conducted in five different themes namely: Portrait, LifeStudy, Abstract & Structural Composition, Nature Study & Landscape and Sculptures.