Current Affairs Quiz - March, 2020

Notes:
World Water Day is observed every year on March 22, across the world since the year 1993. The theme of the World Water Day this year is ‘Water and Climate Change’.
In 1992, the United Nations General Assembly adopted a resolution by which 22 March of each year was declared World Water Day from 1993. The Day focuses on the importance of freshwater and creates awareness of the people who still live without access to safe water.

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:
Veteran Kollywood Director cum Actor M.R. Viswanathan, who was popularly known as Visu, passed away at the age of 75.
Besides being a stage artist, he had also worked as a screen writer for several famous Tamil films. He was famous for his witty and funny one-liners. He acted in more than 60 films and directed nearly 25 films, most of which were celebrated by people then.

Notes:
The country’s largest bank State Bank of India (SBI) announced that it will provide 0.25% of its annual profit for the year 2019-20 to support health care for underprivileged people and fight the coronavirus pandemic.
As per the statement of the bank, the contribution will be made from CSR funds. The government has recently notified spending by companies for tackling the coronavirus outbreak as corporate social responsibility (CSR) activity under the Companies law. Recently SBI opened an emergency credit line to meet any liquidity mismatch for its borrowers.

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 companies in the digital industry have decide to temporarily offer SD (Standard Definition) content instead of HD (High Definition) and ultra-HD streaming.
By Standard Definition, the bitrates of the streaming will not be higher than 480p on cellular networks until 14th April. As a higher number of people are staying at home during the nation-wide lockdown, there is an extra-ordinary surge in the consumption of mobile internet. This step would ensure that the cellular network remains robust.

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:
Under the Drugs & Cosmetics Rules, those drugs classified under Schedule H1 should not be sold over the counter. The schedule was introduced in the year 2013.
Earlier, the Indian Council of Medical Research (ICMR) recommended the drug for front line medical workers and high risk-people who were in contact with the coronavirus infected patient. As common people rushed to buy this medicine in large numbers, there were reports of hoarding and shortage of this medicine.

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.