Current Affairs Quiz - March, 2020

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 International Day of Happiness is celebrated on March 20 all over the world. The General Assembly of the United Nations proclaimed 20 March the International Day of Happiness in 2012.
The day is celebrated to highlight the relevance of happiness as universal goal in the lives of human beings and to reflect it in public policy objectives. The resolution to the United Nations was initiated by Bhutan, the country which adopted the goal of Gross National Happiness over Gross National Product.

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:
Invest India is India’s national Investment Promotion & Facilitation Agency, which comes under the Union Ministry of Commerce and Industry.
It was seen in news recently as Invest India has launched the ‘Invest India Business Immunity Platform’. This platform is hosted on the Invest India website and it provides real-time updates on the latest initiatives of the government of India to tackle Covid-19.

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:
The government recently approved to continue the scheme for Rebate of State and Central Taxes and Levies (RoSCTL) on export of garments beyond March 31.
It is to be continued till it is merged with the Remission of Duties and Taxes on Exported Products scheme (RoDTEP), which was introduced in last September. By continuing RoSCTL scheme, all taxes and levies in the textile sector which are not rebated under other mechanisms will be rebated.

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 Central Board of Direct Taxes is a statutory authority which frames policy for the tax department. It is headed by a Chairperson and composed of six other members.
Recently, Indian Revenue Service officers Satish Kumar Gupta and Krishan Mohan Prasad have been appointed new members in the Central Board of Direct Taxes (CBDT). At present, apart from the Chairman P C Mody, there are three other serving members. After this appointment, there will be one more vacancy in the organisation.

Notes:
The Union Finance Minister has recently announced a relief package for the poor and vulnerable people amid the 21-day lockdown of the country announced by the Prime Minister.
Among the relief measures, women self-help groups (SHGs) will be provided collateral-free loans up to Rs 20 lakh from Rs 10 lakh earlier, under the Deen Dayal National Livelihood Mission. This step is expected to impact 7 crore members through 63 lakh SHGs.

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.