Current Affairs Quiz - March, 2020

Notes:
The Union Cabinet approved a reconstruction plan proposed by the RBI for providing financial assistance to the Yes Bank. Union Finance Minister announced that the authorised capital of Yes Bank has been increased to Rs 6,200 crore.
Under the plan, SBI will infuse Rs 7,250 crore in the Yes bank and take 49 per cent equity. ICICI Bank shall invest Rs 1,000 crore and HDFC will infuse Rs 1,000 crore, while Axis Bank will invest up to Rs 600 crore.
Federal Bank and Bandhan Bank will invest Rs.300 crore each. Former non-executive chairman of Punjab National Bank Sunil Mehta is appointed as Yes bank’s non- executive chairman.

Notes:
The Government has notified the Protection of Children from Sexual Offences Rules, 2020 which enables implementation of recent amendments to the Act. Under the new rules, punishment for child abuse has been made more stringent.
The rules state that any person who has received any pornographic material involving a child or any information regarding such material being stored, distributed or is likely to be distributed in any manner shall report the contents to the Special Juvenile Police Unit (SJPU) or Police or the cybercrime portal.

Notes:
In the recently concluded All England Open Badminton Championships, Denmark’s Viktor Axelsen won his first singles title. He defeated Taiwanese top seed Chou Tien-chen in straight sets in the summit clash. Last year, Axelsen was the runner-up in the tournament after losing to Kento Momota.
Taiwan’s Tai Tzu Ying is the women’s champion for the third time in four years, after defeating Chinese world number one Chen Yu Fei.

Notes:
Microsoft Bing team has launched a web portal for tracking COVID-19 infections worldwide. The interactive website has been developed to provide up-to-date infection statistics for each country.
It also features an interactive map for number of cases for specific location and related articles from publishers. The portal hosts the data from reliable sources like the World Health Organization (WHO), the US Centers for Disease Control and Prevention (CDC) and the European Centre for Disease Prevention and Control (ECDC).

Notes:
The Gollapudi Srinivas National Award 2019 is to be presented jointly to two debutant film-makers for the first time since 23 years of its inception.
Aditya Dhar for the Hindi film ‘Uri: The Surgical Strike’ and Madhu C. Narayanan for the Malayalam movie ‘Kumbalangi Nights’ are selected as the winners. Both the filmmakers will be awarded at a ceremony in Chennai. The award was established in 1998 after Gollapudi Srinivas, a young director, who passed away tragically.

Notes:
Business application Khatabook entered into a strategic partnership with former Indian cricket team captain Mahendra Singh Dhoni.
M.S.Dhoni is set to invest in the firm and also serve as their brand ambassador. Khatabook is an application which helps MSMEs to streamline their business transactions online. The start-up firm has recently crossed 2 crore registered merchants on its app.

Notes:
The United Kingdom recently announced that it will start charging a 2% tax on digital services from 1st April this year.
The tax is to be imposed on revenue from digital services such as search and advertising. This tax will apply to firms with global sales of more than £500 million with at least £25 million from UK users. This decision of the government has been facing continuous opposition from the US government and top technological firms.

Notes:
The Reserve Bank of India (RBI) has extended the validity of authorization issued to IT service management company Vakrangee, to setup, own and operate the White Label ATMs (WLA) in India.
The validity of authorization has been extended till 31 March 2021. RBI has assigned a target of minimum 1,000 ATMS to be deployed by Vakrangee for three years starting from 2020, with the stipulated ratio in Metro & Urban, Semi-Urban and Rural regions.

Notes:
Tribal Cooperative Marketing Development Federation of India (TRIFED) has launched an initiative called ‘Tech for Tribals’ in partnership with Institutes of National Importance (INIs) to promote entrepreneurship among tribal people.
The initiative, which is supported by Ministry of MSME, aims to impart entrepreneurship skills to tribal forest produce gatherers who are enrolled under the Pradhan Mantri VanDhan Yojana (PMVDY). The programme will be conducted for 30 days.

Notes:
The Ministry of Electronics and Information Technology is to organise the first Global AI Summit in India (RAISE 2020).
This was in news recently, as the AI summit was postponed to October 5-6, 2020 due to the rising number of cases of Covid-19. It was initially scheduled to be held in the month of April. The summit is to be attended by academics, AI start-ups and big tech firms.