Current Affairs Quiz - April, 2020

Notes:
Punjab National Bank has unveiled its new logo ahead of its merger with the United Bank of India and the Oriental Bank of Commerce.
The new logo bears the symbols of all the three public sector banks. The Reserve Bank of India (RBI) has issued a notification that the merger of ten banks into four will be carried out as scheduled, on April 1, 2020. After the amalgamation process, PNB will become the second largest lender in India after the State Bank of India.

Notes:
United Nations Conference on Trade and Development (UNCTAD) has released an analysis report titled ‘The COVID-19 Shock to Developing Countries: Towards a ‘whatever it takes’ programme for the two-thirds of the world’s population being left behind’.
As per its analysis, the world economy will go into recession this year except India and China. The loss to be incurred is estimated to be several trillions of dollars due to the coronavirus pandemic.

Notes:
As per the recent notification of the Reserve Bank of India, the Centre has extended the tenure of Reserve Bank Deputy Governor B P Kanungo by a year with effect from April 3, 2020.
Kanungo assumed charge as a Deputy Governor in 2017 and his term was to end at April 2. Now he has been re-appointed as the Deputy Governor for a period of 1 year. Other three Deputy Governors are N S Vishwanathan, M K Jain and Michael Debabrata Patra.

Notes:
The National Investigation Agency (NIA) has registered its first overseas case and has started investigation into the terrorist attack on a gurdwara at Kabul, Afghanistan.
On March 25, 2020, some gunmen entered a gurdwara in Kabul and fired, which killed 27 devotees and injured several others. The recent amendments in NIA Act have permitted NIA to investigate cases against the Indian citizens or affecting the interest of India, which are committed at places outside India.

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:
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:
An online hackathon to find working solutions for overcoming COVID-19 pandemic, called ‘Hack the Crisis- India’ has been recently launched.
This hackathon is being organised by ‘Hack A Cause – India’ and ‘FICCI Ladies Organization Pune’. It is supported by Ministry of Electronics and Information Technology. Minister of State of HRD and IT Sanjay Dhotre who launched the hackathon said that over 2,000 teams and 15,000 participants will be participating in 48-hour hackathon.

Notes:
The Ministry of Electronics and Information Technology has notified three incentive schemes to boost electronics manufacturing namely Production Linked Incentive Scheme (PLI), Electronics Manufacturing Clusters 2.0 (EMC 2.0), Scheme for Promotion of Manufacturing of Electronics Components and Semiconductors (SPECS).
The schemes which were cleared by the Cabinet last month, include incentives worth more than Rs 48,000 crore. PLI is the largest scheme with an outlay of Rs 40,000 crore which will give incentives of 4-6% on incremental sales on mobile phones and specified electronic components.

Notes:
A four-year-old female tiger named Nadia from the Bronx Zoo in New York City, has been tested positive for the coronavirus.
This is claimed to be the first known case where transmission of the coronavirus from human to an animal has been confirmed. The tiger is believed to have been infected by an asymptomatic zoo-keeper. Later, six other animals, including lions and tigers, have also been showing symptoms.

Notes:
One of the leading aid agencies in the world, USAID of the United States government, has announced a grant of USD 2.9 million to India to help it tackle the effect of coronavirus pandemic.
This assistance was announced by the US Ambassador to India Kenneth Juster. The aid agency will also support the World Health Organization (WHO) initiatives in India. The proposed funds will help the Indian Government of India in curbing the spread of COVID-19.