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:
The recent research of the fossil of a fish called Elpistostege watsoni has revealed the evolutionary origin of human hands.
After the research on the fossil of the fish, which was believed to be in today’s Canada about 380 million years ago, scientists have found the evolutionary origins. This research represents a crucial stage in the history of life on Earth especially the transition of fish to land vertebrates.

Notes:
Every year March 20 is observed as World Sparrow Day to raise awareness about sparrows around the world. It highlights the huge decrease in population of the bird as the house sparrow is on the verge of extinction.
The initiative was started by the India-based Nature Forever Society (NFS), founded by the conservationist Mohammed Dilawar. The first World Sparrow Day was celebrated in 2010 across the globe.

Notes:
On the World Water Day, which falls on March 22, the United Nations Secretary-General Antonio Guterres warned that between 3.5 and 4.4 billion people in the world will live with limited access to water.
He also announced that out of the people with limited access, more than 1 billion of them would be in major cities. He revealed that the world’s water resources are under threat and 2.2 billion people and 4.2 billion people lack safe drinking water and sanitation facilities respectively.

Notes:
On 23 March 1931, young Indian freedom fighters Bhagat Singh, Sukhdev and Rajguru were hanged to death at Lahore in today’s Pakistan. This day is observed as Shaheedi Diwas (Martyr’s Day) throughout the nation.
The state government of Punjab has been commemorating the Martyrs Day, which falls on March 23, as the ‘Youth Empowerment Day’. January 30, the death anniversary of Mahatma Gandhi is also observed as Martyr’s day in India.

Notes:
The SAARC Disaster Management Centre has recently launched a website for information related to the COVID-19 pandemic in the region.
The website shows the number of coronavirus cases in the SAARC member states with live updates on the count of active cases. This initiative was earlier proposed by Indian Prime Minister Narendra Modi, during the recent video conference with the leaders SAARC member nations.

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 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:
The Chief Minister of Tamil Nadu recently announced the creation of a new district ‘Mayiladuthurai’, for administrative convenience, by bifurcating Nagapattinam district. This is the 38th district of the state.
Nagapattinam district is in the Cauvery delta region of Tamil Nadu. Last year, the government announced five new districts. Amid coronavirus pandemic, the Chief Minister announced Rs 1,000 cash assistance for ration card holders to compensate for livelihood loss.

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.