Current Affairs Quiz - April, 2020

Notes:
China-based global technology company Huawei has recently named David Li as the Chief Executive Officer of its India operations.
David Li is set to replace the previous CEO Jay Chen, who will now look after the Asia Pacific Region operations. David Li had joined Huawei in 2002 and has served in various designations in India including Vice President (Sales). He was last serving as the CEO of Cambodia region.

Notes:
A seven-member team of researchers from New Delhi-based IGIB (Institute of Genomics and Integrative Biology), of the Council of Scientific and Industrial Research (CSIR), have developed a low-cost diagnosis method for detecting coronavirus.
Feluda is an acronym for Fncas9 Editor Linked Uniform Detection Assay, which is the scientific name of the test. It is also the name of a Bengali fictional character created by Satyajit Ray. The test is set to receive approval shortly and it claims to give results in less than 1.5 hours.

Notes:
The Fitch Ratings Agency has recently slashed its growth forecast for India in the financial year 2020-21 to 0.8%, amid the estimated severe global recession.
Earlier, the ratings agency had estimated the forecast for India to be 2%, which was claimed to be the lowest forecast for thirty years. The agency estimated that the economy of China would grow at 0.7% in 2020-21.

Notes:
As per the notification of the Shipping Ministry, the government has approved reconstitution of the National Shipping Board. It is the highest advisory board on matters associated with Indian shipping.
The reconstituted board with 16 members is to be headed by Malini Shankar, former Director General of Shipping. Other members include representatives from the Ministry, Indian Navy and Indian Coast Guard, National Union of Seafarers of India, Maritime Union of India representative, Thakur and National Ship Owners’ Association.

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:
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:
Veteran Congress leader and former Governor of Bihar and Tripura, Devanand Konwar passed away recently at the age of 86. He served as the governor of Bihar from 2009 to 2013 and the Governor of Tripura from 2013 to 2014.
He had also served as governor (additional charge) of West Bengal from 2009 to 2010. He was the Cabinet Minister in the state of Assam. Prior to that, he was an advocate in the Supreme Court of India and a Government Advocate for many North-Eastern states in the Guwahati High Court.

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:
United Kingdom recently launched a new scheme called ‘Bounce Back Loan Scheme’, to assist the small businesses of the country to tackle the impact of Covid-19 pandemic.
The Finance Minister of UK launched this state-backed fast-track finance scheme in the House of Commons. Under the new scheme, small businesses can borrow between 2,000 pounds and 50,000 pounds as interest-free loans. The support schemes released in the last few weeks had provided about 15 billion pounds for business revamping.

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.