Current Affairs Quiz - April, 2020

Notes:
The Kusuma School of Biological Sciences (KSBS) of Indian Institute of Technology (IIT), Delhi has developed a COVID-19 test kit and it has been approved by the Indian Council of Medical Research (ICMR), thereby becoming the first institute to be approved for a real-time kit.
The test kit, which tests the swab of the suspected patient is also claimed to be more affordable than the other kits available. Commercial production can be easily done as the kit does not require fluorescent probes, as per the researchers.

Notes:
The Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy recently launched a scheme in Amaravati, which seeks to provide loans to the women Self Help Groups (SHGs) of the state, at zero percent interest.
The Chief Minister released about ₹1,400 crore for the scheme, which is expected to benefit nearly 8.78 lakh SHGs. The interest component of ₹20,000 to ₹40,000 will be borne by the state government. At present, the SHGs borrow from banks at interest rate of 7 to 13 per cent.

Notes:
Retired IAS officer and the secretary to the President since 2017 has been appointed as the Central Vigilance Commissioner of India.
The post of the chief of the Central Vigilance Commission (CVC) has remained vacant since June 2019 after the tenure of K V Chowdary was over. The name of Kothari was recommended by a high-level selection panel headed by Prime Minister Narendra Modi. The process was claimed as unconstitutional by opposition parties as Sanjay Kothari was not an applicant not been shortlisted.

Notes:
Saudi Arabia has abolished flogging, which means beating with whips, as a punishment, as per the order of the Supreme Court. Hereafter, the judges will pronounce fines, jail sentences or community services as punishments.
Several Human rights activists have been condemning the Court-ordered floggings in Saudi Arabia, which sometimes extend to hundreds of lashes. Recently, a blogger named Raif Badawi was sentenced to 7 years in prison and 600 lashes and then resentenced to 10 years and 1,000 lashes. He later won the European Parliament’s Sakharov human rights prize.

Notes:
The World Intellectual Property Day 2020 is celebrated every year on April 26, across the world. The Geneva-based UN specialised agency, World Intellectual Property Organisation (WIPO) leads the celebration.
This year, the theme of the World Intellectual Property Day 2020 is ‘Innovate for a Green Future’. While the WIPO could not organise any physical event amidst the Covid Pandemic, it highlights innovation and the IP rights as the main tools to create a green future. It encouraged its offices to celebrate the day through virtual channels.

Notes:
On April 26, 1986, the nuclear accident took place in the Chernobyl power plant in the Pripyat city of Ukraine. It is one of the worst nuclear disasters that has ever taken place in the world.
In the year 2016, the United Nations General Assembly adopted a resolution designating 26 April as International Chernobyl Disaster Remembrance Day. In the year 2009, UN launched the International Chernobyl Research and Information Network (ICRIN), to support the programmes in developing the affected places.

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 CRISIL rating agency has recently released a report, which slashed the GDP forecast of India to nearly half from its previous estimate to 1.8 per cent for 2020-21.
The agency also estimated that the total losses to be faced by the country would be Rs 10 lakh crore or Rs 7,000 per person due to the impact of the lockdown imposed to curb the spread of Covid-19. The agency also asked the government to increase the stimulus response and support.

Notes:
Basava Jayanthi, the birth anniversary of the 12th century poet, philosopher and social reformer, Lord Basaveshwara, is prominently celebrated in the state of Karnataka.
Also called as Basavanna, he was the founding saint of the Lingayat sect. He was also known for establishing a spiritual democracy called ‘Anubhava Mantapa’ in the 12th century. The era starting from his birth-year is also called as the Basava era in the state.

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.