Current Affairs Quiz - March, 2020

Notes:
Scientists from the Institute of Nano Science and Technology (INST), an autonomous institute under the Department of Science & Technology, have developed a material called ‘Hemostat’.
It is a starch-based ‘hemostat’ developed to stop rapid blood loss during accidents, as it physically absorbs excess fluid and concentrates the natural clotting factors in blood. The product possesses increased absorption capacity, improved absorption, inexpensive and biodegradable.

Notes:
Former Vice-President of India Hamid Ansari launched the book authored by Bhalchandra Mungekar, which was titled as “My Encounters in Parliament”.
The event was attended by NCP chief Sharad Pawar, CPI general secretary D Raja and CPI(M) general secretary Sitaram Yechury. Bhalchandra Mungekar is an Indian economist, Social worker and a former Rajya Sabha member. He is an ardent Ambekarite and an expert in agricultural economics. He has served in several important organisations including the Planning Commission.

Notes:
S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for the year 2020. The rating agency had earlier predicted the growth rate of 5.7% for 2020.
The agency also estimated that the Asia-Pacific economic growth in 2020 will dip to less than 3 per cent. It also revealed that saying the global economy is entering a recession amidst the coronavirus pandemic.

Notes:
The most populous state of the country, Uttar Pradesh is planning to provide cash transfers to daily-wage labourers to protect them from income loss in economic slowdown due to COVID-19.
The state has set up a panel to study the proposal for transferring cash directly to bank accounts of labourers. The report is expected to be submitted within three days. Several countries have already launched ‘stimulus package’ to protect their economy and working population.

Notes:
Karan Bajwa has been recently appointed as the Managing Director of Google Cloud in India. Prior to this appointment, he was serving as the Head of IBM’s India operations. He has also worked in Microsoft for nine years before that.
In this new role, Karan Bajwa will be responsible for monitoring all revenue and market operations for Google Cloud’s solution portfolio.

Notes:
India recently committed to provide a grant of Nepalese Rupees 107 million (equivalent to INR 68 million) to Nepal for the construction of three school buildings.
The Embassy of India and the Ministry of Federal Affairs and General Administration of Nepal signed two Memorandum of Understandings (MoUs) for the construction of two new school buildings. These two school buildings shall be constructed under the India-Nepal Development Partnership programme.

Notes:
The Fifteenth Finance Commission is to set up a panel soon, which will examine the fiscal and debt situation of the Centre and states.
This panel is to be headed by the Chairman of the 15th Finance Commission N.K.Singh. It will present a road map on the lines of the erstwhile Fiscal Responsibility and Budget Management panel, which was also headed by N.K.Singh. The panel may include or receive suggestions from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian among others.

Notes:
In order to curb the spread of misinformation and fake news on coronavirus and to reduce the panic among the citizens regarding the COVID-19, the Government of India has launched an official chatbot on the social media platform WhatsApp.
This Chatbot is named ‘MyGov Corona Helpdesk’ and is available to all WhatsApp users. Any user can save the number announced (9013151515) and start using the chatbot.

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:
The Cabinet recently approved the relaunch of a scheme called ‘Bulk drug park scheme’. The approval aims to set up three bulk drug parks and four medical device parks for a total outlay of ₹3,400 crore over the next five years.
Under the bulk drug park scheme, the government will give grant to states with a maximum limit of ₹1,000 crore per bulk drug park, up to ₹3,000 crore in total. A similar scheme has been launched for medical devices, with a maximum grant of ₹100 crore per park.