Current Affairs Quiz - April, 2020

Notes:
The Government of India lowered the interest rates on various small savings schemes for the first quarter of 2020-21.
As per the revision, the interest rate for the flagship Sukanya Samriddhi Account scheme has been reduced to 7.6% against 8.4% earlier. Investments in PPF will earn 7.1% against 7.9%; the five-year National Savings Certificate will earn 6.8% against 7.9% earlier; KVP will earn 6.9% against 7.6% earlier and five-year Senior Citizens Savings Scheme will return 7.6% against 8.6% earlier.

Notes:
The Reserve Bank of India recently released some measures to deal with the consequence of the coronavirus pandemic. As per the new export norms, the exporters can take 15 months to realise their export proceeds, for exports made up to July 31 against the earlier 9 months.
RBI also increased the Ways and Means Advances limit for state governments and UTs by 30 % till September 30. It also said that the banks are not required to activate counter-cyclical capital buffers for one more year.

Notes:
As per a recent survey conducted by the World Economic Forum (WEF), about one-fourth of the consumers in India pay for news at present but nearly two-third of the population are willing to pay.
Amidst the ongoing coronavirus pandemic, the role of media has become vital in the society. The World Economic Forum (WEF) conducted a survey of news and entertainment consumers in six markets including China, Germany, India, South Korea, the UK and the US. It also revealed that 60% of consumers registered for a media service.

Notes:
Tony Lewis devised the Duckworth-Lewis along with a mathematician Frank Duckworth, which is a mathematical formula used to determine the winner in cricket games that are affected by bad weather.
The method was introduced in 1997 and adopted by the International cricket council (ICC) in 1999. It was renamed as Duckworth-Lewis-Stern Method in 2014. Tony Lewis was a recipient of the MBE (Member of the Order of the British Empire) for his outstanding work in the field of Mathematics and Cricket.

Notes:
The 2021 World Games which were initially scheduled to be held in the city of Birmingham in the state of Alabama in the United States have now been rescheduled to 2022.
This postponement has been announced to avoid clashing with the Tokyo Olympics, which were also rescheduled to 2021, against this year, due to the coronavirus pandemic. The World Games are held every four years and comprises of 32 sports that are not included in the Olympic program.

Notes:
The official mascots of the 2022 Asian Games were released at a digital launch ceremony in China recently.
Congcong, Lianlian and Chenchen are named as the mascots of the 19th Asian Games, which is scheduled to be held at Hangzhou, China. Three robots nicknamed as ‘Smart Triplets’, representing the mascots were unveiled, to highlight the expertise of the city.

Notes:
The United Nations General Assembly has unanimously adopted a resolution on COVID-19 recently, which was titled ‘Global solidarity to fight the coronavirus disease 2019 (COVID-19)’.
The resolution was co-sponsored by 188 member nations including India. The 193-member United Nations assembly has called for intensified international cooperation to fight the pandemic. This resolution, which was made under silent procedure, is the first such document on the global pandemic adopted by the UN.

Notes:
The National Highways Authority of India (NHAI) has recently announced that it has completed the construction of 3979 km of highways in the financial year 2019-20.
Its official statement also read that this is the highest ever highway construction achieved in a financial year by NHAI, since its inception in 1995. Though NHAI could not meet the target of 4500 km for the current fiscal, it has seen a steady growth in the construction phase.

Notes:
Kolkata Port Trust has recently declared force majeure at its Haldia Dock Complex from 06:00 Hrs on 22 March to 06:00 Hrs on 15 April 2020, thereby becoming the first state-owned major port trust to invoke the clause, at the backdrop of coronavirus outbreak.
The force majeure clause is invoked when the firms are not able to meet their contractual commitments for reasons beyond their control. During the nationwide lockdown, as the trade is grippled, several private ports and terminals operating in the country already invoked the clause.

Notes:
The Prime Minister of Japan Shinzo Abe recently declared a state of emergency in the country, due to the rise in the coronavirus cases.
A month-long state of emergency starting from April 7 has been declared in the capital city Tokyo and six other parts of the country. This move gives powers to local governments to contain the spread of the coronavirus, by urging residents to stay at home and calling for businesses to close.