Current Affairs Quiz - March, 2020

Notes:
Business application Khatabook entered into a strategic partnership with former Indian cricket team captain Mahendra Singh Dhoni.
M.S.Dhoni is set to invest in the firm and also serve as their brand ambassador. Khatabook is an application which helps MSMEs to streamline their business transactions online. The start-up firm has recently crossed 2 crore registered merchants on its app.

Notes:
The United Kingdom recently announced that it will start charging a 2% tax on digital services from 1st April this year.
The tax is to be imposed on revenue from digital services such as search and advertising. This tax will apply to firms with global sales of more than £500 million with at least £25 million from UK users. This decision of the government has been facing continuous opposition from the US government and top technological firms.

Notes:
S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for the year 2020. The rating agency had earlier predicted the growth rate of 5.7% for 2020.
The agency also estimated that the Asia-Pacific economic growth in 2020 will dip to less than 3 per cent. It also revealed that saying the global economy is entering a recession amidst the coronavirus pandemic.

Notes:
The most populous state of the country, Uttar Pradesh is planning to provide cash transfers to daily-wage labourers to protect them from income loss in economic slowdown due to COVID-19.
The state has set up a panel to study the proposal for transferring cash directly to bank accounts of labourers. The report is expected to be submitted within three days. Several countries have already launched ‘stimulus package’ to protect their economy and working population.

Notes:
Union Defence Minister Rajnath Singh unveiled an updated manual DPP-2020 (Defence Procurement Procedure-2020).
For the last 18 years, this DPP is the procurement manual that has been used for governing the purchase of weapons and equipment from the defence capital budget. The 2020 draft version aims to promote more indigenous content in defence equipment which are manufactured in India. It also introduced ‘leasing’ as another category to make defence equipment affordable.

Notes:
International ratings agency S&P Global Ratings has recently estimated the cost of COVID-19 outbreak for 14 Asia-Pacific countries at $620 billion.
Though a country-wise break-up was not provided for its estimate, it said that the total and permanent income loss will affect the balance-sheets of government, banks, corporates and households. Last week, S&P cut India’s growth rate to 5.2% in 2020-21.

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 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:
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 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.