Current Affairs Quiz - April, 2020

Notes:
The World Bank recently announced that it estimates that remittances to South Asia will drop 22% by this year.
India is the largest recipient of remittances of the world, which increases the foreign exchange reserves of the country. The reserves are used to fund the current account deficit of the country. After the lock-down and the resulting economic slow-down, the loss of income of expatriate Indians who work in foreign countries will affect the remittances. About 12% of the total inflow is the remittances form people working abroad. The Bank also estimated that Global remittances would drop by 20%.

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:
The World Games was previously scheduled to be held in Birmingham, Alabama, United States in July 2021. It comprises of sports and events that do not fall under the Olympics.
As it was postponed to 2022 due to the coronavirus pandemic, the organising committee has recently unveiled an updated logo, website and title. ‘The World Games 2022’ is the modified title of the games, which will be held in July 2022.

Notes:
The state of Mizoram has launched a mobile application named ‘mCOVID19’, which enables easy transportation of essential goods by the truck drivers to the state from other states.
The new application will act as the online license or pass for the truck drivers. The drivers of the interstate-vehicles will be screened at the entry point. On registering with the application, they will be generated a license called mPASS. An sms with information about the goods and place, will be sent along with a mPASS id, which will be stored at the entry point.

Notes:
The UN Conference on Trade and Development (UNCTAD) recently released a report, which says that the repayments of developing countries on their public external debt in 2020 and 2021 will amount to $2.6 trillion and $3.4 trillion respectively due to the COVID-19 pandemic.
It also highlighted that this debt burden will create an additional stress for the developing countries, along with the rising health and economic needs during the pandemic. Earlier, UNCTAD announced a $2.5 trillion coronavirus package for developing countries.

Notes:
The first International Day of Multilateralism and Diplomacy for Peace and was first observed on April 24, 2019.The International Day of Multilateralism and Diplomacy for Peace was established on 12 December, 2018 by the UN General Assembly.
All UN member states and organisations celebrate the day to create awareness about the advantages of multilateralism and diplomacy for peace by educational and awareness campaigns.

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:
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:
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:
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.