Current Affairs Quiz - April, 2020

Notes:
Every year, April 22 has been celebrated as the Earth Day. The United Nations designates the day as World Mother Earth Day.
This year, April 22 is the 50th anniversary of the World Earth Day. The theme of this year’s observance is ‘Climate Action’. It has been celebrated from the year 1970, when about 20 million Americans participated in a historic environmental protest. This year, several artists participate in the protest under the name #EarthDay2020Halt.

Notes:
Kolkata-based veteran theatre personality and Sangeet Natak Akademi awardee, Usha Ganguly recently passed away in Kolkata, at the age of 75.
Usha Ganguly was the founder of the unique theatre group named ‘Rangakarmee’ in 1976. She was famous for introducing an alternative Hindi theatre form in West Bengal, where people were only acquainted to Bengali theatre and English theatre.

Notes:
China has named its Mars exploration mission, proposed to be launched this year as ‘Tianwen-1’. It named its first Mars mission on the occasion of the Space Day, which marked the 50th anniversary of the country’s first satellite Dong Fang Hong-1.
‘Tianwen’ in Chinese means Questions to Heaven, as per a Chinese poet Qu Yuan Aiming. India, U.S., Russia and the European Union have previously launched Mars mission. On the same lines, China’s mission aims to complete orbiting, landing and roving in a single mission.

Notes:
As per the recent announcement of the Union MSME Minister Nitin Gadkari, he has devised a scheme to set up a Rs 1 trillion fund, which is to be launched by the Government after the approval of Cabinet.
This fund will be utilised for repaying outstanding payments to MSMEs owed by the PSUs, central and state governments and major industries. This is also expected to increase liquidity in the market. As per his statement, the Ministry is also working on fast-tracking GST refunds to help MSMEs.

Notes:
One of the largest Asset Management companies in India, the Franklin Templeton Mutual Fund has recently announced to have shut down six of its funds owing to market disruptions amid Covid-19.
The Association of National Exchange Members of India (ANMI) sought the intervention of the SEBI and Finance Ministry to protect investor capital in six mutual fund schemes. These funds collectively managed a corpus of over ₹25,000 crore.

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:
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:
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.