Current Affairs Quiz - April, 2020

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:
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 World Health Organisation has announced an initiative called ‘Access to Covid Tools’ (ACT) Accelerator, which will be a collaborative step towards developing a vaccine and managing the pandemic.
Several heads of states and political leaders committed themselves to join this initiative and ensure the availability of vaccine and other drugs associated with Covid-19, to all countries of the world. The European Union will start the funding campaign from May along with European countries and Middle East countries.

Notes:
In its latest circular, the labour and employment ministry has notified that the banking industry is classified as a public utility service for six months with effect from April 21. The Department of Financial services also notified about the classification of the labour ministry.
This declaration has been made under the provisions of the Industrial Disputes Act. After being placed under this act, the people working in banking sector would not be able to participate in any strike during the said period.

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:
Union Health Secretary Preeti Sudan was seen in news recently because she has been given a three-month extension after the Central Government made a major top-level bureaucratic reshuffle.
Ms.Preeti Sudan who is at present the Secretary, Department of Health and Family Welfare, was due to superannuate on April 30. The reshuffling has been done amidst the coronavirus pandemic. About 23 senior IAS officers have been appointed as secretaries in different central government departments.

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:
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:
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:
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.