Current Affairs Quiz - March, 2020

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 Union Cabinet chaired by the Prime Minister of India has recently approved financial assistance to the Modified Electronics Manufacturing Clusters (EMC2.0) Scheme.
The scheme aims at developing world class infrastructure along with common facilities and amenities through Electronics Manufacturing Clusters (EMCs). The scheme seeks to set up Electronics Manufacturing Clusters (EMCs) and Common Facility Centers (CFCs). The total outlay of the EMC 2.0 Scheme is Rs. 3,762.25 crore.

Notes:
Bihar Day (Bihar Sthapana Diwas) is celebrated in the state of Bihar on March 22, every year. IT marks the anniversary of the date of formation of the state, when the British bifurcated it from the then Bengal Presidency on the same day in 1912.
Every year, the state holds several events and celebrations on the Bihar Day. But due to coronavirus scare, the events have been postponed this time

Notes:
The United Kingdom has been recently confirmed as the first co-chair of the Governing Council on the Coalition for Disaster Resilient Infrastructure (CDRI). The Governing Council is the highest policy-making body of the CDRI, which is led by India.
In September 2019, Prime Minister Narendra Modi had announced the global Coalition for Disaster Resilient Infrastructure (CDRI), at the UN Climate Action Summit 2019 held in New York. It is a voluntary group which links governments, UN Agencies and other members in the field of climate change and disaster management.

Notes:
One of India’s leading private sector banks, IndusInd Bank has appointed Sumant Kathpalia as the Managing Director and CEO for a period of three years.
As the previous MD & CEO of the bank Romesh Sobti retired, after holding the top position for 12 years, this appointment has been approved. Sumant Kathpalia has more than three decades of experience in multi-national banks such as Citibank and Bank of America. He had previously served as the Head of Consumer Banking in the same bank.

Notes:
Renowned photographer Nemai Ghosh passed away recently at Kolkata at the age of 86. He was known for his long and close association with the legendary film-maker Satyajit Ray.
He worked in several movies of Satyajit Ray as a still photographer. Associated in the photography field for nearly 50 years, he was also the recipient of the Padma Shri award in 2010. He was the author of several books including ‘Satyajit Ray at 70’, ‘Satyajit Ray: A Vision of Cinema’ and ‘Manik-Da: Memories of Satyajit Ray’.

Notes:
The United Nations has recently launched a USD 2 billion global humanitarian response plan to fund the poorest countries and help them fight against the coronavirus pandemic.
This global response plan is to be coordinated by the UN’s Office for the Coordination of Humanitarian Affairs. The plan will also integrate the existing appeals from the World Health Organisation and other UN partners. This fund is expected to provide laboratory supplies for testing to NGOs and medical equipment to protect health care workers.

Notes:
Under the Drugs & Cosmetics Rules, those drugs classified under Schedule H1 should not be sold over the counter. The schedule was introduced in the year 2013.
Earlier, the Indian Council of Medical Research (ICMR) recommended the drug for front line medical workers and high risk-people who were in contact with the coronavirus infected patient. As common people rushed to buy this medicine in large numbers, there were reports of hoarding and shortage of this medicine.

Notes:
Ratings Agency Moody’s Investors Service has slashed India’s 2020 growth forecast to 2.5% within three weeks of its previous downgrade to 5.3%.
According to the Global Macro Outlook 2020-21 recently released by Moody’s, the 21-day lockdown announced by the Indian Prime Minister will result in a sharp loss in incomes. Domestic demand and the pace of recovery are also expected to slow down. Earlier it had reduced the growth rate to 5.3% from 5.4%.