CURRENT AFFAIRS: DAYS
World Asthma Day
- World Asthma Day is observed every year on the first Tuesday of May to spread awareness and care about asthma in the world. This year it falls on 5th May.
- An annual event is organised by the Global Initiative for Asthma.
- Asthma, a chronic disease of the lungs causing breathing problems affects about 1.5 to 2 crore people around the world.
- The World Asthma Day 2020 theme is ‘Enough Asthma Death’
CURRENT AFFAIRS: BUSINESS AND ECONOMY
DBS Bank slashes India’s FY21 GDP forecast to 1%
- Singapore-based DBS Bank has cut India’s FY21 GDP forecast to 1 per cent vis-a-vis 5 per cent projected on April 9.
- This forecast is based on its assumption of an end in the lockdown in the June quarter, reopening of all sectors by third quarter (October-December) and catch-up production, normal monsoon, fiscal support measures of at least 3 per cent of GDP and direct lending support by the authorities.
- Risk scenarios point to a possible decline in the headline GDP if the extension prolongs or partial restart is rolled back, DBS Bank stated in a report.
- The report cautioned that the general government (the Centre and States) deficit is likely to rise to 10-10.5 per cent of GDP in FY21 vs around 6 per cent of GDP earlier. This would entail the public debt level to rise from 70 per cent of GDP to 75-80 per cent, with the shrinking GDP (denominator effect) also ballooning the debt burden, it added.
About DBS bank:
- CEO: Piyush Gupta
- Headquarters: Singapore
