Current Affairs Quiz - April, 2020

Notes:
The Parliament of Lebanon recently made the cannabis farming done for medicinal use, legal. This decision has been made to increase the export of the medicinal products made from the plant and thereby developing the agricultural sector.
This step is expected to increase the revenue of the Government, amidst the prevalent coronavirus pandemic, as the country’s economy is paralyzed with financial crisis. Earlier, about 25 tonnes of a particular drug made from cannabis were ceased, which were hidden for smuggling.

Notes:
World Champion and ace Tennis star of India P V Sindhu has been named as one of the ambassadors for Badminton World Federation (BWF)’s ‘i am badminton’ awareness campaign.
The campaign is aimed at highlighting the efforts of the Federation towards honesty in the game. The Badminton World Federation formed Integrity Unit five years ago. Several other shuttlers of Canada, China, England and Germany were also named along with Sindhu

Notes:
The Border Roads Organisation (BRO) has planned and constructed a Class-70 all-weather permanent bridge on the river Ravi.
The bridge is 484-meter long and was built by the 49 Border Roads Task Force (BRTF) of Project Chetak. The project of the Kasowal bridge entails a cost of Rs.17.89 crore. It connects the Kasowal enclave of Punjab with the rest of the places of the country.

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:
Prime Minister Narendra Modi has launched the mobile portal called E-Gram Swaraj Portal and Swamitva Scheme on April 24, which is also celebrated as the Panchayati Raj Day.
Swamitva Yojana is launched with an aim of creating a record of property ownership of land in rural areas. The lands in rural areas are to be mapped using modern technology. The E-Gram Swaraj platform will provide records of projects implemented in every village panchayat under Gram Panchayati Development Plan (GPDP). General public can create an account in the mobile portal and view the projects.

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:
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:
The Rohtang pass, is located at an altitude of 13,500 ft on the eastern Pir Panjal Range of the Himalayas. The pass which is strategically located to link Kullu valley with the Lahaul and Spiti valleys in Himachal Pradesh, has been opened to the general public by the Border Roads Organisation (BRO).
The BRO completed the snow-clearance process and opened the pass ahead of the target time. This will enable better transportation of essential supplies and relief materials to the remote areas.

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:
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.