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:
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:
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:
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:
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 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:
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 Central Government recently unveiled a Rs. 1.7 lakh crore worth fiscal stimulus to help people tackle the lock down amid the coronavirus pandemic.
Among various measures announced by the Union Finance Minister Nirmala Sitharaman, it was notified that the MGNREGA wages will rise to Rs 202 per day per person from the earlier daily wage of Rs 182. This step is expected to benefit 136.2 million families.