Current Affairs Quiz - April, 2020

Notes:
The Union Territory of Jammu and Kashmir has bagged three national awards for outstanding contribution by its Panchayati Raj Institutions in socio-economic development projects.
While Panchayat Jamola Lower has been awarded “Child-friendly Gram Panchayat Award 2020”, Panchayat Dhangri has been awarded “Nanaji Deshmukh Gaurav Gram Sabha Puraskar” for improving the socio-economic aspects of the panchayat. Panchayat Zaloora B has been selected as best performer in “Gram Panchayat Development Plans” awards.

Notes:
The state of Odisha has launched a portal for registration of migrant workers to contain the spread of Covid-19 pandemic, as over five lakh migrant workers are expected to return to the state after lifting the lock-down.
Forms are available in the portal covid19.odisha.gov.in and in every gram panchayat for registration of names and address of the workers who want to return to Odisha.

Notes:
On April 24, 1990 NASA had launched Hubble Space Telescope, which is one of the longest-living observatories of the space agency.
Hubble is the first major optical telescope to be placed in space. NASA runs the observatory in partnership with the European Space Agency (ESA). The agency also announced that they will continue to operate Hubble as long it remains productive.

Notes:
The state of Tamil Nadu promulgated an ordinance which made blocking the dignified burial or cremation of victims of notified disease, a criminal offence.
As per the official release, the people involving in such acts will face a minimum jail term of one year to a maximum three-year imprisonment, under section 74 of ‘The Tamil Nadu Public Health Act, 1939’. This decision has been taken at the backdrop of agitations against the burial of two doctors who died of Covid-19.

Notes:
As per the latest data from the US Treasury Department, Japan was the largest holder of US securities worth over $1.268 trillion at February end.
It was followed by China with securities worth $1.092 trillion. India is at the 13th position in terms of holding securities. India’s holding of US government securities rose by $13 billion in a month to record high of $177.5 billion at February end. The overall holding of India increased by $33.2 billion in the last year.

Notes:
Pitch Black is a biennial multilateral air combat training exercise hosted by the Royal Australian Air Force (RAAF).
The exercise was recently in news as Australia has informed India recently that the training exercise Pitch Black 2020, which was scheduled from July 27 to August 14 has been cancelled due to the COVID-19 pandemic. The next edition of the exercise is scheduled in the year 2022.

Notes:
India’s central bank, the Reserve Bank of India (RBI) has announced a ₹50,000-crore special liquidity facility for mutual funds.
The package has been released at the backdrop of the shutting down of six debt funds by the Franklin Templeton Mutual Fund. Banks can borrow the 90-day funds from RBI at the current repo rate of 4.4% and use it to exclusively on-lend to mutual funds. The banks can also purchase investment grade corporate papers held by Mutual Funds.

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:
Bio-con Founder cum Chairperson Kiran Mazumdar-Shaw has recently been named in the ‘Medicine Maker Power List 2020’.
The list celebrates 60 leaders across the world, who had significantly contributed and innovated in the field of biopharmaceuticals. Kiran Mazumdar-Shaw has been ranked in the prestigious list for six years in a row, since 2015.Recently, she has received EY’s ‘Entrepreneur of the Year’ award.

Notes:
Global Telecom giant Nokia has recently partnered with the leading telecom services company Bharti Airtel in India, to enhance network capacity.
As per the multi-year agreement claimed to be worth about $1 billion, the Single Radio Access Network (SRAN) solution of Nokia is to be deployed across nine circles in India. This partnership would help Airtel in enhancing its 4G network capacity and introduction of 5G connectivity in the future.