Current Affairs Quiz - March, 2020

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:
The SAARC Disaster Management Centre has recently launched a website for information related to the COVID-19 pandemic in the region.
The website shows the number of coronavirus cases in the SAARC member states with live updates on the count of active cases. This initiative was earlier proposed by Indian Prime Minister Narendra Modi, during the recent video conference with the leaders SAARC member nations.

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 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:
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:
A specialised agency of the United Nations- International Telecommunication Union (ITU) launched ‘The Global Network Resiliency Platform’.
The platform aims to ensure availability of telecommunication services during the ongoing coronavirus crisis. The new platform will assist governments and the private sector by ensuring that the networks are kept strong and telecommunication services are made available to all.

Notes:
The Indian arm of then US-based retailer Walmart recently announced the appointment of Sameer Aggarwal as the Chief executive officer of its Best Price Modern Wholesale stores in India.
Sameer Aggarwal is promoted as CEO and will replace Krish Iyer, who is to retire from the top post. Krish Iyer will continue to serve as the advisor to Best Price, Walmart India. Sameer had joined Walmart as executive Vice president in 2018 and was made the Deputy CEO in January 2020.

Notes:
The Cabinet Committee on Economic Affairs (CCEA) approved a Rs 1,340-crore recapitalisation plan for the weak regional rural banks (RRBs).
This recapitalisation will help them to improve their capital to risk weighted assets ratio (CRAR) during the financial year 2020-21, as they are stipulated to maintain a minimum CRAR of 9 per cent. The Centre and the respective sponsor banks provide the funds in the ratio 50:50, as they fund Rs. 670 Cr each.

Notes:
The CRISIL rating agency recently announced its estimate on growth rate of India for 2020-21 as 3.5 per cent. The agency had earlier projected the growth rate of India to be 5.2 per cent for the next financial year.
The recent pandemic outbreak in India and the resulting 21-day consequent lockdown are the main reasons for the agency to slash the growth rate. It also announced that the dip in growth will be concentrated in the first half of the next fiscal whereas the second half would see a mild recovery.

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%.