Daily Current Affairs – Dec 4th, 2020

Salesforce to acquire workplace chat app Slack for $27.7 billion

Cloud computing giant Salesforce will acquire workplace chat app Slack for $27.7 billion. The deal marks one of the most consequential acquisitions in business software industries in recent years & Salesforce’s biggest purchase ever.

Did you Know

Salesforce CEO: Marc Benioff;
HQs: California, United States.

Sidbi floats asset reconstruction company for MSMEs

The Small Industries Development Bank of India (Sidbi) has floated the country’s first asset reconstruction company focussing on non-performing assets of micro, small and medium enterprises, christened India SME Asset Reconstruction Company.

Did you Know

SIDBI Founded: 2 April 1990;
HQs: Lucknow.

HexGn, AFC India join hands to promote 1,000 agri-tech start-ups over the next 5 years.

HexGn & AFC India have joined hands to promote 1,000 agriculture-related entrepreneurship start-ups over the next 5 yrs in India. HexGn will host a series of programs & initiatives to increase the capabilities & skills of 1st generation agri-tech entrepreneurs.

Did you Know

AFC India Ltd is wholly-owned by NABARD and EXIM Bank

RBI predicts the economy to contract at 7.5% for the Fiscal Year 2020-21, growth to turn positive in the second half

RBI has revised its forecast of economic growth for FY 2020-21 to (-)7.5% compared to its earlier forecast of (-)9.5%. 2nd half of FY is expected to show positive growth. Change in forecast has been prompted by a surge in demand in both rural & urban areas

Did you Know

The economy declined by a massive 23.9% in 1st quarter.

HAL Delivers Biggest Ever Cryogenic Propellant Tank to ISRO

Hindustan Aeronautics Ltd has delivered the biggest developmental cryogenic propellant tank (C32 LH2) of aluminium alloy designed for improving the payload capability of GSLV MK-III launching vehicle ever fabricated by the company to ISRO.

Did you Know

ISRO Founded: 15 August 1969;
Director: Kailasavadivoo Sivan.

India records the largest reduction in malaria cases in South-East Asia between 2000-19: WHO’s World Malaria Report 2020

India made impressive gains in the global fight against malaria, recording the largest reduction in cases in South-East Asia from 20 million in 2000 to about 5.6 million last year, according to the World Health Organisation’s The World Malaria Report 2020.

Did you Know

Malaria: A disease caused by a plasmodium parasite.

Nitin Gadkari inaugurated & laid foundation stones of 15 National Highway projects of Nagaland

Union Minister for Road Transport & Highways, MSME, Nitin Gadkari along with Nagaland CM Neiphiu Rio virtually inaugurated and laid the foundation stones of 15 National Highway projects of Nagaland. Projects have a total length of 270kms.

Did you Know

The project will connect Kohima to Phek District & Myanmar border

India extends anti-dumping duty on steel products from China, US

India has extended anti-dumping duty on imports of cold-rolled flat products of stainless steel of width 600-1250 mm & above 1250 mm of non-bonafide usage, from China, Korea, European Union, S. Africa, Taiwan, Thailand, and the US, till January 31, 2021.

Did you Know

Anti-dumping duty was first imposed in 2015.

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