🌍International
– UN observing ‘Time of Remembrance and Reconciliation for Those Who Lost Their Lives during the Second World War’ on May 8-9
– May 8 is birth anniversary of Henry Dunant, the founder of Red Cross and the winner of first Nobel Peace Prize (1901)
– AIIB approves $500 million loan for India’s Covid-19 response
🇮🇳 India
– 80-km long Dharchula (Uttarakhand)–Lipulekh (China Border) road link curtailing Kailash-Mansarovar pilgrimage time inaugurated
📈 ECONOMY & CORPORATE
– Moody’s Investors Service projects India’s economic growth at 0% in 2020-21
– India’s foreign exchange reserves rise to USD 481.078 billion in the week to May 1
– Govt. hikes market borrowing estimate to Rs 12 lakh crore in 2020-21; Budget target was Rs 7.8 lakh crore
– Gift City is Gujarat International Finance Tec-City
– Govt allows packaging of grains in used gunny sacks, plastic bags this procurement season because of shortage of jute bags
– COVID-19 pandemic: Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) approves USD 500 million loan for India
– Gujarat govt announces exemptions for new projects from provisions of labour laws
🗾 State
– 15 migrant workers, who were sleeping on the railway tracks while going back to their native places, run over by a goods train between Jalna and Aurangabad in Maharashtra
– UP goverment launches “Pravasi Raahat Mitra” App
😔 Honorable Death
– Pandanda Kuttappa, co-founder of Kodava Hockey Festival in Coorg (Karnataka), dies aged 85