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:
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 World Immunization Week 2020 is being celebrated from April 24 to 30, this year by the World Health Organisation.
The day is celebrated with an aim to promote the use of vaccines for protecting people across the world from diseases. The theme of this year’s week is Vaccines Work for All. The theme highlights the importance of vaccines and the persons developing them. WHO also announced that about 20 million children in the world today remain unvaccinated.

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:
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:
The chemical exports of India increased by 7.43 per cent to 2.68 lakh crore rupees during April-January period of the last fiscal.
The chemical industry became the top exporting sector of the country for the first time. The export of chemicals in the said period constitutes 14.35 per cent of the total exports. This was announced by the Union Minister of Chemicals and Fertilizers.

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:
A new high-pressure ventilator named VITAL (Ventilator Intervention Technology Accessible Locally) has been developed by the engineers at NASA’s Jet Propulsion Laboratory.
VITAL has been designed to treat patients with milder symptoms so that the traditional ventilators may be used for critical patients. The device has passed a critical test and waiting for the fast-track approval from FDA.