Current Affairs Quiz - March, 2020

Notes:
International ratings agency S&P Global Ratings has recently estimated the cost of COVID-19 outbreak for 14 Asia-Pacific countries at $620 billion.
Though a country-wise break-up was not provided for its estimate, it said that the total and permanent income loss will affect the balance-sheets of government, banks, corporates and households. Last week, S&P cut India’s growth rate to 5.2% in 2020-21.

Notes:
Veteran Kollywood Director cum Actor M.R. Viswanathan, who was popularly known as Visu, passed away at the age of 75.
Besides being a stage artist, he had also worked as a screen writer for several famous Tamil films. He was famous for his witty and funny one-liners. He acted in more than 60 films and directed nearly 25 films, most of which were celebrated by people then.

Notes:
Canada became the first major country to pull out of the Tokyo Olympics over coronavirus fears. Australia has also directed its athletes to prepare for the 2021 games, as it could not be held this year.
Earlier, the Prime Minister of Japan Shinzo Abe has announced for the first time that the Olympic Games might get postponed. The International Olympic Committee is expected to decide about the schedule of the games soon, which had been planned to commence from July 24 this year.

Notes:
The national task force for COVID-19 constituted by Indian Council for Medical Research (ICMR) has recommended hydroxy-chloroquine as a preventive drug for high-risk cases, who are infected by coronavirus.
The medication should be given to the asymptomatic healthcare workers, who are under high risk by serving the infected patients. It is also recommended to asymptomatic household contacts of laboratory confirmed cases. The protocol recommended by the National Task Force is approved by the Drug Controller General of India (DGCI) for use in emergency situations.

Notes:
The country’s largest bank State Bank of India (SBI) announced that it will provide 0.25% of its annual profit for the year 2019-20 to support health care for underprivileged people and fight the coronavirus pandemic.
As per the statement of the bank, the contribution will be made from CSR funds. The government has recently notified spending by companies for tackling the coronavirus outbreak as corporate social responsibility (CSR) activity under the Companies law. Recently SBI opened an emergency credit line to meet any liquidity mismatch for its borrowers.

Notes:
The Union Cabinet has recently approved the signing and ratification of an extradition treaty between India and Belgium.
This ratification will enable the two countries to repatriate any person who is accused or convicted in an extraditable offence. An offence punishable under the laws of both the countries with imprisonment for one year or more is called an extraditable offence. The treaty would give a legal framework for extradition of terrorists, economic offenders and other criminals from and to Belgium.

Notes:
Tamil Nadu-based Karur Vysya Bank has launched a pre-paid card called ‘Enkasu’, which can be used both online and offline, in Karur district of the state.
The card aims to reduce the usage of cash in the district of Karur. The cardholder can make tap & go payments for all small purchases to merchants for a minimum of Re. 1/-. The card can be recharged through their mobile App ‘DLite’, UPI, NEFT or through any of their branches. The cards are given to both customers and non-customers after KYC verification.

Notes:
Sir HN Reliance Foundation Hospital along with the Brihanmumbai Municipal Corporation (BMC), has set up a dedicated COVID-19 centre at Seven Hills Hospital, Mumbai.
The 100 bedded hospital will serve patients, who are checked positive for COVID-19. It is fully funded by Reliance Foundation and has been set up in 2 weeks. It also includes a negative pressure room which prevents cross-contamination and controls infection.

Notes:
The Government of India has launched a mobile application to track the risk of coronavirus infection called ‘Corona Kavach’.
The application is jointly developed by the Union Ministry of Electronics and Information Technology and the Union Ministry of Health and Family Welfare. It uses the person’s location to assess if they are in the high risk geographical zone. It is now available in beta version in the Google Play Store.

Notes:
The Central Government recently unveiled a Rs. 1.7 lakh crore worth fiscal stimulus to help people tackle the lock down amid the coronavirus pandemic.
Among various measures announced by the Union Finance Minister Nirmala Sitharaman, it was notified that the MGNREGA wages will rise to Rs 202 per day per person from the earlier daily wage of Rs 182. This step is expected to benefit 136.2 million families.