Current Affairs Quiz - March, 2020

Notes:
World Poetry Day is celebrated on March 21 every year across the world. During the UNESCO’s session held in Paris, in 1999, it was decided that 21 March shall be celebrated as World Poetry Day.
One of the prime objectives of the Poetry Day is to support linguistic diversity through poetry and to provide opportunity to the endangered languages to be heard within their communities. The Day also encourages oral tradition of poetry recitals and teaching of poetry.

Notes:
The International Day of Happiness is celebrated on March 20 all over the world. The General Assembly of the United Nations proclaimed 20 March the International Day of Happiness in 2012.
The day is celebrated to highlight the relevance of happiness as universal goal in the lives of human beings and to reflect it in public policy objectives. The resolution to the United Nations was initiated by Bhutan, the country which adopted the goal of Gross National Happiness over Gross National Product.

Notes:
World Down Syndrome Day is celebrated on March 21 every year, across the world. The United Nations General Assembly declared the day in the year 2011.
Down syndrome occurs when a person has an extra partial or whole copy of chromosome 21. The day is celebrated to raise public awareness of Down syndrome. On World Down Syndrome Day 2020, the forum-Down Syndrome International focuses on the theme “We Decide”.

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:
The Union Ministry of Statistics and Programme Implementation implements the Members of Parliament Local Area Development (MPLAD) Scheme.
As per the ministry’s latest notification, the Members of Parliament can use the funds allotted to them under the MPLAD scheme to buy testing kits and other medical equipment needed to fight coronavirus pandemic. ₹5 crore is given to every member of the Rajya Sabha and the Lok Sabha, per year under the MPLAD scheme to use for developing the community.

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 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:
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:
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.