Daily Current Affairs 24 May 2020: We have collected the latest current affairs for 24 May 2020 that are important for all competitive exams like Bank, SSC, IBPS, SBI exams. The GK current affairs will help you score more in these competitive exams. Improve your general knowledge with our daily online current affairs.

Today Current Affairs 24th May 2020

National News

India becomes world’s second largest manufacturer of PPE body coveralls after China

• India has become the second-largest producer of Personal Protection Equiptment (PPE) kits in the world, only behind China.
• The Ministry of Textile has taken several steps to ensure both quality and quantity of PPE coveralls, to help India rise from zero to second largest in the world, within a very short span of time of two months.
• The ministry is also taking steps to ensure that only certified players across the entire supply chain are allowed to supply body coveralls to governments.

Govt amends General Financial Rules to ensure procurement of goods & services below Rs 200 crore from domestic firms

• The government has notified amendments to General Financial Rules (GFR) 2017 to ensure that goods and services valued less than Rs 200 crore are procured from domestic firms. This will give big boost to domestic suppliers, especially micro, small and medium enterprises (MSMEs).
• The amendments will ensure that henceforth global tenders will be disallowed in government procurement up to Rs 200 crore, as announced in the Aatma Nirbhar Bharat Package.

Govt forms high level panel to recommend reforms in India’s drug regulatory system; Head- Rajesh Bhushan

• The central government has formed a high-level committee of experts to recommend reforms in India’s drug regulatory system so that approval processes can be fast-tracked.
• The committee is headed by Rajesh Bhushan, the OSD to the Union health minister.
• The committee will study the current drug regulatory system and submit recommendations for reforms, so as to bring the system in line with global standards and make it more efficient.

Appointment

Indian economist, Abhas Jha appointed to key World Bank position in South Asia

• Indian economist, Abhas Jha has been appointed as the Practice Manager for Climate Change and Disaster Risk Management for South Asia at World Bank.
• Abhas Jha’s appointment comes at a time when Cyclone Amphan has badly hit West Bengal, Orissa in India and Bangladesh.

Sports

Naomi Osaka tops Forbes world’s highest-paid female athlete list 2020

• Japanese tennis player Naomi Osaka has become the world’s highest-paid female athlete. She has replaced US rival, Serena Williams, from the top spot.
• Osaka’s had an earning of $37.4 million while Serena Williams had an earning of $36 million.

Obituary

Actor Mohit Baghel passes away at 26

• Bollywood actor Mohit Baghel passed away at the age of 26 years due to cancer.
• He is best known for playing Amar Chaudhary in Salman Khan’s movie “Ready”. He has also worked in “Comedy Circus” and “Jabariya Jodi”.

Former TN footballer and coach Shanmugam passes away at 77

• Former Tamil Nadu football player and coach R Shanmugam passed away at the age of 77 years due to age-related issues.
• Shanmugam, who was born in Burma (now Myanmar) in 1943, had represented the Burmese junior and senior national teams in 1966-’67.
• He coached ICF, Tamil Nadu and Indian Railways in the Santosh trophy and also served as selector for Tamil Nadu and Railways.

Australian tennis player Ashley Cooper passes away at 83

• Australian tennis player Ashley Cooper passed away at the age of 83 years.
• Ashley Cooper won the Australian championship, Wimbledon and U.S. Nationals in 1958. He is one of only 11 men to claim three Grand Slam crowns in a calendar year.
• Cooper had won all four of his Grand Slam crowns by beating compatriots in the final.