Current Affairs Quiz - March, 2020

Notes:
Recently, Sri Lankan President Gotabaya Rajapaksa has pledged 5 Million US dollars to the COVID-19 SAARC Emergency fund, which was proposed by Prime minister Narendra Modi.
This Emergency Fund will as a security blanket for the SAARC countries, which can be used by the countries for dealing with issues related to COVID-19. After India made an initial contribution of 10 million US Dollars, other SAARC member countries also started pledging to the fund.

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:
India’s largest lender State Bank of India has recently unveiled an emergency credit line to meet liquidity mismatch for its borrowers, amid the coronavirus pandemic scare.
The additional liquidity facility called Covid-19 Emergency Credit Line (CECL) will provide credit up to 200 crore rupees. This loan facility will be available till June 30 where the loan will be offered at an interest rate of 7.25 per cent with a 12-month tenure.

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:
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:
The state government of Karnataka tabled the Bruhat Bengaluru Mahanagara Palike (BBMP) Bill, 2020 in the Legislative Assembly. The Bill seeks to enable public participation in various levels of municipal governance.
The Bill also provides for an independent legislation and seeks to improve decentralisation, integration of public participation at various levels of municipal governance and also to ensure efficient decision making by the BBMP.

Notes:
The U.S. Centers for Disease Control and Prevention (CDC) has introduced an Artificial Intelligence (AI) bot, called ‘Clara’ to assist people in finding the potential symptoms of COVID-19.
The CDC has collaborated with CDC Foundation and Healthcare Bot service of Microsoft Azure to develop the self-checking bot Clara. It is currently available only in the United States on the CDC website. It provides information about the disease, suggests the course of action and helps to handle the illness at home.

Notes:
Union Finance Minister Nirmala Sitharaman recently announced various relief measures amid lock-down of the country due to coronavirus scare.
As per the measures, the deadline for filing belated income tax return (ITR) for the financial year 2018-19 and for filing goods and services tax (GST) returns for March, April and May has been extended to June 30, 2020. She also announced waiver of minimum balance maintenance charge and ATM withdrawal charge for next 3 months. Vivad Se Vishwas Scheme has been extended from April 1 to June 30.

Notes:
During the International Olympic Committee’s session in Peru, Paris was selected as the host of 2024 Summer Olympics. It also simultaneously selected Los Angeles to host the games in 2028.
Amid the ongoing coronavirus pandemic, the 2020 Tokyo Olympics, which was scheduled for July 24-August 9, has been postponed and would be held before the summer of 2021, as per the recent announcement from the International Olympic Committee. Paris Olympics organisers notified that this delay will not affect the 2024 games.

Notes:
The Governor of the Reserve Bank of India recently made an announcement after the Monetary Policy committee (MPC) meeting, to tackle the crisis caused by Covid-19 pandemic.
RBI had advanced the MPC meeting due on March 31- April 3 to March 24-27. It has announced that the Cash Reserve Ratio has been decreased 100 bps to 3 per cent and the repo rate has been decreased to 4.4 per cent. Policy rate corridor has been widened from 50 to 65 bps. All commercial banks are permitted to allow a 3-month moratorium on repayment of term loan EMIs.