Current Affairs Quiz - March, 2020

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:
American actor-singer Kenny Rogers recently passed away at the age of 81. He was a three-time Grammy-winning singer.
The singer was famous for various genres of his music albums including jazz, folk, country and pop. Some of his popular musical works includes ‘Lucille,’ ‘Lady’ and ‘Islands in the Stream’. He was celebrated as a Superstar by his fans during 1970’s and 80’s.

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:
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 Delhi Government has recently presented its budget in the Assembly. The Deputy Chief Minister of Delhi Manish Sisodia presented the first budget of the AAP government’s second term.
The government of Delhi announced the ‘Mukhya Mantri Health Card’ scheme for the people of Delhi. Under this scheme, health ID cards will be prepared and distributed to all the residents of Delhi. It will be linked to the hospital information management system across all the health centres of the government.

Notes:
The national task force for COVID-19 constituted by Indian Council for Medical Research (ICMR) has recommended hydroxy-chloroquine as a preventive drug for high-risk cases, who are infected by coronavirus.
The medication should be given to the asymptomatic healthcare workers, who are under high risk by serving the infected patients. It is also recommended to asymptomatic household contacts of laboratory confirmed cases. The protocol recommended by the National Task Force is approved by the Drug Controller General of India (DGCI) for use in emergency situations.

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:
Tamil Nadu-based Karur Vysya Bank has launched a pre-paid card called ‘Enkasu’, which can be used both online and offline, in Karur district of the state.
The card aims to reduce the usage of cash in the district of Karur. The cardholder can make tap & go payments for all small purchases to merchants for a minimum of Re. 1/-. The card can be recharged through their mobile App ‘DLite’, UPI, NEFT or through any of their branches. The cards are given to both customers and non-customers after KYC verification.

Notes:
The King of Saudi Arabia Salman Bin Abdulaziz Al Saud is set to chair an emergency virtual summit of G20 leaders, to accelerate the response to the ongoing coronavirus pandemic.
At present, Saudi Arabia holds the G20 presidency and it called for the Virtual Leaders’ summit to be held on March 26. This is the first meeting of the G20 leaders after the world has been affected by the outbreak of coronavirus.

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.