Current Affairs Quiz - March, 2020

Notes:
The famous annual Chaitra Jatra festival is celebrated in the state of Odisha. The festival which was scheduled to be held on March 17 at the Tara Tarini hill shrine of the state was cancelled as a precautionary measure against COVID-19 outbreak.
According to the state officials, more than 1.5 lakh visitors usually arrive for the festival and some out of them reach the hill-top to offer prayers, as a part of the festival.

Notes:
The Reserve Bank of India recently announced that it will regulate the entire activities of Payment Aggregators (PAs). Payment Aggregators enable the e-commerce sites and merchants to accept various payment instruments from the customers.
As per the guidelines on regulation of PAs and Payment gateways (PGs), the existing PAs should attain a net-worth of Rs 15 crore by March 31, 2021 and a net-worth of Rs 25 crore on or before March 31, 2023. Thereafter the net-worth of Rs 25 crore shall be maintained at all times.

Notes:
Europe’s largest bank and multinational investment bank HSBC recently announced that it appointed Noel Quinn as Chief Executive officer.
Noel Quinn joined the HSBC bank in 1987 and took interim charge of HSBC last August after the sudden exit of the previous CEO John Flint. There have been several speculations regarding the appointment, which ended now as an insider has been appointed.

Notes:
Technological Major Google introduced a unique feed named ‘Discover’ which provides curated articles to Google Pixel and Google app users based on their interests.
In its latest update to the app, this new feature has been introduced which enables the users to report misleading articles on the ‘Discover’ feed. Users can now report misleading content as various categories which includes violent, misleading, abusive and others.

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:
Union Defence Minister Rajnath Singh unveiled an updated manual DPP-2020 (Defence Procurement Procedure-2020).
For the last 18 years, this DPP is the procurement manual that has been used for governing the purchase of weapons and equipment from the defence capital budget. The 2020 draft version aims to promote more indigenous content in defence equipment which are manufactured in India. It also introduced ‘leasing’ as another category to make defence equipment affordable.

Notes:
The Reserve Bank of India (RBI) has appointed former RBI Deputy Governor R Gandhi and former banker Ananth Narayan on the board of Yes Bank.
They have been appointed as Additional directors on the board for two years. Ananth Narayan was serving as the regional head of financial markets in the Standard Chartered Bank. R Gandhi was earlier appointed to Yes Bank’s board last year. Prashant Kumar has been appointed Chief Executive of Yes Bank.

Notes:
Afghanistan recently pledged $1 million contribution to the SAARC Corona Emergency Fund, which was proposed by the Indian Prime Minister Narendra Modi.
India proposed an initial contribution of 10 million to tackle the outbreak of the deadly coronavirus. After the announcement, Nepal and Bhutan committed nearly 1 million and 100,000 respectively to the SAARC Corona Emergency Fund. Maldives pledged 0.2 million to the fund.

Notes:
World Poetry Day is celebrated on March 21 every year across the world. During the UNESCO’s session held in Paris, in 1999, it was decided that 21 March shall be celebrated as World Poetry Day.
One of the prime objectives of the Poetry Day is to support linguistic diversity through poetry and to provide opportunity to the endangered languages to be heard within their communities. The Day also encourages oral tradition of poetry recitals and teaching of poetry.

Notes:
The Border Roads Organisation opened a 360 feet long suspension bridge over the Teesta river near Chungthang town in North Sikkim.
Under Project Swastik the project of construction of the bridge commenced in October 2019 and completed it in January 2020. The bridge is expected to promote tourism in the state. It also enables the movement of logistics for the Armed Forces easier.