Current Affairs Quiz - April, 2020

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:
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:
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 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 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:
India’s central bank, the Reserve Bank of India (RBI) has announced a ₹50,000-crore special liquidity facility for mutual funds.
The package has been released at the backdrop of the shutting down of six debt funds by the Franklin Templeton Mutual Fund. Banks can borrow the 90-day funds from RBI at the current repo rate of 4.4% and use it to exclusively on-lend to mutual funds. The banks can also purchase investment grade corporate papers held by Mutual Funds.

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:
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.

Notes:
Organisation for Economic Cooperation and Development (OECD) is an intergovernmental economic organisation which aims to stimulate economic progress and world trade. It is headquartered at Paris, France and has 36 member countries.
Recently, the President of the United States has nominated veteran Indian-American diplomat Manisha Singh as America’s next envoy to OECD. The diplomat had previously served in several significant positions which includes her present role as the Assistant Secretary of State for Economic and Business Affairs.

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.