Current Affairs Quiz - April, 2020

Notes:
The World Bank recently announced that it estimates that remittances to South Asia will drop 22% by this year.
India is the largest recipient of remittances of the world, which increases the foreign exchange reserves of the country. The reserves are used to fund the current account deficit of the country. After the lock-down and the resulting economic slow-down, the loss of income of expatriate Indians who work in foreign countries will affect the remittances. About 12% of the total inflow is the remittances form people working abroad. The Bank also estimated that Global remittances would drop by 20%.

Notes:
The Fitch Ratings Agency has recently slashed its growth forecast for India in the financial year 2020-21 to 0.8%, amid the estimated severe global recession.
Earlier, the ratings agency had estimated the forecast for India to be 2%, which was claimed to be the lowest forecast for thirty years. The agency estimated that the economy of China would grow at 0.7% in 2020-21.

Notes:
Defence Research and Development Organisation has collaborated with the ESIC medical college & hospital, Hyderabad and developed the country’s first COVID-19 sample collection mobile lab.
The mobile lab has been named “Mobile BSL-3 VRDL Lab” and was inaugurated by the Union Defence Minister Rajnath Singh. The lab has been approved by the Indian Council of Medical Research (ICMR) and can process over 1000 samples a day. The lab has been developed in a record 15 days and can be positioned at any place.

Notes:
International Girls in ICT Day is the flagship initiative of the Geneva-based International Telecommunication Union, ITU.
This year, the International Girls in ICT Day is celebrated on 23 April. The day is celebrated to sensitise people and empower girls to take up their career in Information and Communication Technologies. ITU hosted an online dialogue on “Girls in ICT: Inspiring the Next Generation”.

Notes:
Prime Minister Narendra Modi has launched the mobile portal called E-Gram Swaraj Portal and Swamitva Scheme on April 24, which is also celebrated as the Panchayati Raj Day.
Swamitva Yojana is launched with an aim of creating a record of property ownership of land in rural areas. The lands in rural areas are to be mapped using modern technology. The E-Gram Swaraj platform will provide records of projects implemented in every village panchayat under Gram Panchayati Development Plan (GPDP). General public can create an account in the mobile portal and view the projects.

Notes:
An e-office application called ‘e-karyalay’ has been launched by Central Industrial Security Force (CISF) to prevent coronavirus infection.
The e-office application enables digital movement of files in offices, which is similar to the physical and traditional file movement in CISF offices. The application has been developed by the in-house technical team and they have also created the data recovery site.

Notes:
The World Malaria Day is observed on April 25 every year by the World Health Organisation (WHO), across the world. This year WHO has partnered with the global platform RBM Partnership to promote “Zero malaria starts with me” campaign.
The campaign aims to sensitise malaria politically, mobilize additional resources and encourage people to fast-track malaria prevention and care.

Notes:
The Chief Minister of Madhya Pradesh has launched a new scheme called ‘Jeevan Shakti Yojana’, which aims to encourage urban women to make masks and provide them a financial assistance to sustain their livelihood.
The urban women of the state who are interested in joining this scheme will have to register themselves through the Call centres. Then, as per the orders they receive they can start making cotton masks and submit to nodal officers. A payment of Rs.11 per mask will be credited to their bank account.

Notes:
Domestic Credit rating agency India Ratings and Research (Ind-Ra) has further decreased the GDP growth rate of India to 1.9% for the current fiscal. It had previously estimated the growth rate for this fiscal to be 3.6%. The estimate was significant as this would be the lowest GDP growth in the last 29 years.
The report also highlighted that in the absence of any stimulus measures from the government, the fiscal deficit would touch 4.4% of GDP in this fiscal 2020-21, the official target being 3.5%.

Notes:
The Union Ministry of Finance has established the International Financial Services Centres Authority (IFSCA), which will be headquartered in Gandhinagar in Gujarat.
This body will regulate all financial products and financial services in International Financial Services Centres (IFSCs) in the country against multiple regulators including RBI, SEBI, IRDA and PFRDA. The IFSCA will have a chairperson and one member each nominated by the regulators. It will also include two members from the central government and full-time or part-time members.