Current Affairs Quiz - March, 2020

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:
One of India’s leading private sector banks, IndusInd Bank has appointed Sumant Kathpalia as the Managing Director and CEO for a period of three years.
As the previous MD & CEO of the bank Romesh Sobti retired, after holding the top position for 12 years, this appointment has been approved. Sumant Kathpalia has more than three decades of experience in multi-national banks such as Citibank and Bank of America. He had previously served as the Head of Consumer Banking in the same bank.

Notes:
America-based Heritage Foundation released its Index of Economic Freedom last week. Singapore emerged as the top nation in the index and overtook Hong Kong as the world’s most independent and free economy.
Singapore achieved this feat for the first time since 1995, the report was first published. Hong Kong has ever been placed at the top since then. India is ranked in 120th position in the report and It improved its score by 1.3 points from 2019 to score 56.5 in 2020

Notes:
A specialised agency of the United Nations- International Telecommunication Union (ITU) launched ‘The Global Network Resiliency Platform’.
The platform aims to ensure availability of telecommunication services during the ongoing coronavirus crisis. The new platform will assist governments and the private sector by ensuring that the networks are kept strong and telecommunication services are made available to all.

Notes:
Every year, the World Health Organisation commemorates World Tuberculosis (TB) Day on March 24, to raise awareness among the general public about the disease.
On the same day in 1882, Dr Robert Koch announced that he had discovered the bacterium that causes Tuberculosis. This year, the theme of the World TB Day is “It’s Time”, which highlights the importance of time and fast-tracking the response to save lives

Notes:
The government recently approved to continue the scheme for Rebate of State and Central Taxes and Levies (RoSCTL) on export of garments beyond March 31.
It is to be continued till it is merged with the Remission of Duties and Taxes on Exported Products scheme (RoDTEP), which was introduced in last September. By continuing RoSCTL scheme, all taxes and levies in the textile sector which are not rebated under other mechanisms will be rebated.

Notes:
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the construction of 22 km-long railway flyover between Aligarh-Harduaganj in Uttar Pradesh.
The project entails an estimated cost of ₹1,285 crore to remove traffic jam in the area. This project is expected to curb the delays and detention of trains at Aligarh junction. The flyover project is expected to be completed by 2024-25.

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 Central Board of Direct Taxes is a statutory authority which frames policy for the tax department. It is headed by a Chairperson and composed of six other members.
Recently, Indian Revenue Service officers Satish Kumar Gupta and Krishan Mohan Prasad have been appointed new members in the Central Board of Direct Taxes (CBDT). At present, apart from the Chairman P C Mody, there are three other serving members. After this appointment, there will be one more vacancy in the organisation.

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.