Current Affairs Quiz - March, 2020

Notes:
Hillel Furstenberg of Israel and Russian-American Gregory Margulis are the recipients of the prestigious Abel Prize for the year 2020, one of the highest awards in the field of Mathematics.
The two mathematicians were selected for introducing the use of methods from probability and dynamics in group theory, number theory and combinatorics. They were the first to use randomness to make the certainties of mathematics easily understandable by the people.

Notes:
America-based Heritage Foundation released its Index of Economic Freedom last week. Singapore emerged as the top nation in the index and overtook Hong Kong as the world’s most independent and free economy.
Singapore achieved this feat for the first time since 1995, the report was first published. Hong Kong has ever been placed at the top since then. India is ranked in 120th position in the report and It improved its score by 1.3 points from 2019 to score 56.5 in 2020

Notes:
Scientists at Agharkar Research Institute (ARI), Pune, which is an autonomous institute under the Department of Science & Technology, have developed a biofortified high-protein wheat variety MACS 4028.
The development of the crop was published in the Indian Journal of Genetics and Plant Breeding. It is a semi-dwarf variety which exhibits a higher yielding ability of 19.3 quintals per hectare. It is claimed to be resistant to several pests and diseases unlike the normal wheat varieties.

Notes:
The Scientists from Wadia Institute of Himalayan Geology (WIHG), Dehradun have recently found that glaciers in Sikkim are melting at a higher magnitude than other Himalayan regions. The Institute is an autonomous research institute for the study of Geology of the Himalayas, under the Department of Science and Technology.
The study, which has been published in Science of the Total Environment, revealed that glaciers in Sikkim have deglaciated at a higher magnitude from 1991 to 2015. They also revealed that small-sized glaciers in Sikkim are disappearing and larger glaciers are thinning due to climate change.

Notes:
The Union Finance Minister Nirmala Sitharaman announced the Government’s ₹1.7 lakh crore economic package for the poor to fight the coronavirus pandemic and lockdown named ‘Prime Minister Gareeb Kalyan Scheme’.
Under the scheme, ex-gratia of ₹1,000 will be given to poor senior citizens, poor widows and poor disabled and ₹500 per month for 3 months to women Jan Dhan account holders; Ujjwala beneficiaries will get free cooking gas (LPG) cylinders for next three months; An installment of ₹2000 will be transferred to farmers. Under Prime Minister Garib Ann Yojna, additional 5 kg rice or wheat per month is given in addition to the existing scheme.

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%.

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 G-20’s first ever virtual summit, chaired by Saudi Arabia, was recently held through video conferencing. Prime Minister of India Narendra Modi also attended the virtual meeting.
Leaders of the G20 major economies pledged to restore global growth and infuse over $5 trillion into the global economy. The countries also vowed to take necessary steps to minimize the economic and social impact of the Covid-19 pandemic.

Notes:
National Book Trust of the Union Human Resource Development Ministry has launched a campaign called ‘StayHomeIndiaWithBooks’, to encourage people to stay home amid the Covid 19 pandemic.
As a part of this initiative, NBT is making its select and best-selling books available for free Download. More than 100 books are made available in PDF format and can be downloaded from the website of NBT.