Current Affairs Quiz - March, 2020

Notes:
The Fifteenth Finance Commission is to set up a panel soon, which will examine the fiscal and debt situation of the Centre and states.
This panel is to be headed by the Chairman of the 15th Finance Commission N.K.Singh. It will present a road map on the lines of the erstwhile Fiscal Responsibility and Budget Management panel, which was also headed by N.K.Singh. The panel may include or receive suggestions from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian among others.

Notes:
In order to curb the spread of misinformation and fake news on coronavirus and to reduce the panic among the citizens regarding the COVID-19, the Government of India has launched an official chatbot on the social media platform WhatsApp.
This Chatbot is named ‘MyGov Corona Helpdesk’ and is available to all WhatsApp users. Any user can save the number announced (9013151515) and start using the chatbot.

Notes:
In 2013, the United Nations General Assembly announced the decade commencing 1 January 2015 and ending on 31 December 2024 as the International Decade for People of African Descent. The theme of the international decade is “People of African descent: recognition, justice and development”
Every year, March 21st is celebrated as ‘International Day for the Elimination of Racial Discrimination’ across the world.

Notes:
As per the Lok Sabha’s Rules of Procedure, A Finance Bill is a bill introduced every year to give effect to the financial proposals of the Government for the following financial year. It also includes a bill to give effect to supplementary financial proposals for any period. Recently the Lok Sabha has passed the Finance Bill by voice vote without discussion.
An important type of Finance Bill is called Money Bill, which is defined by the Article 110 of Indian constitution. They are certified by the speaker.

Notes:
World Meteorological Day is celebrated on 23rd March of every year, which commemorates the inception of the Convention which established the World Meteorological Organization on the same day in 1950.
Since 1961, the Geneva headquartered World Meteorological Organization has been celebrating World Meteorological Day with a unique theme. “Climate and Water” is the theme of this year’s World Meteorological Day.

Notes:
One of the founders of bacteriology, German physician Robert Koch, discovered the anthrax disease cycle and the bacteria responsible for tuberculosis and cholera. He received the Nobel Prize for Physiology in 1905 for his research on tuberculosis. To commemorate the day of his discovery, World Tuberculosis day is being celebrated on March 24.
Government of India has committed to eliminate prevalence of TB by 2025, by formulating National Strategic Plan (NSP) for Tuberculosis Elimination (2017-2025) and campaigns like “TB Harega Desh Jeetega”.

Notes:
The Technical Advisory Committee of the National Supercomputing Mission (MSM-TAC) has approved the installation of a Supercomputing facility with 650 TFLOPS, at IIT Guwahati, Assam.
The installation of the supercomputing system has been started under the National Supercomputing Mission (NSM). It is co-ordinated by the Department of Science and Technology (DST) and the Ministry of Electronics and Information Technology (MeitY). The mission is being implemented by the Centre for Development of Advanced Computing (C-DAC), Pune, and Indian Institute of Science (IISc), Bengaluru.

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:
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 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.