Current Affairs Quiz - March, 2020

Notes:
The Ministry of Electronics and Information Technology is to organise the first Global AI Summit in India (RAISE 2020).
This was in news recently, as the AI summit was postponed to October 5-6, 2020 due to the rising number of cases of Covid-19. It was initially scheduled to be held in the month of April. The summit is to be attended by academics, AI start-ups and big tech firms.

Notes:
The Union Cabinet chaired by the Prime Minister of India has recently approved financial assistance to the Modified Electronics Manufacturing Clusters (EMC2.0) Scheme.
The scheme aims at developing world class infrastructure along with common facilities and amenities through Electronics Manufacturing Clusters (EMCs). The scheme seeks to set up Electronics Manufacturing Clusters (EMCs) and Common Facility Centers (CFCs). The total outlay of the EMC 2.0 Scheme is Rs. 3,762.25 crore.

Notes:
Recently, Sri Lankan President Gotabaya Rajapaksa has pledged 5 Million US dollars to the COVID-19 SAARC Emergency fund, which was proposed by Prime minister Narendra Modi.
This Emergency Fund will as a security blanket for the SAARC countries, which can be used by the countries for dealing with issues related to COVID-19. After India made an initial contribution of 10 million US Dollars, other SAARC member countries also started pledging to the fund.

Notes:
The Union Cabinet chaired by the Indian Prime Minister Narendra Modi has approved the inclusion of AYUSH Health and Wellness Centre (AYUSH HWC) component of Ayushman Bharat in National AYUSH Mission (NAM).
This project an expenditure of Rs. 3399.35 Crore for making AYUSH Health and Wellness Centres operational within a period of five years from 2019-20 to 2023-24.

Notes:
Amid the coronavirus pandemic scare, the Government of India recently allowed states and Union Territories to lift food-grains for three months in advance from Food Corporation of India (FCI) for distribution through ration shops.
There are about 75 crore beneficiaries under the Public Distribution System (PDS) in India. According to a recent government data, our country has surplus food-grains of 435 lakh tonnes, with 272.19 lakh tonnes of rice and 162.79 lakh tonnes of wheat

Notes:
Chief Minister of Odisha Naveen Patnaik launched ‘Mo Jeeban’ programme and advised people to take a pledge for staying indoors to fight the coronavirus outbreak.
The Chief Minister asked people to take oaths of staying indoors and send him those videos. He also asked the people to paste a sticker on the gate of their houses to show their determination to follow this direction.

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:
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.

Notes:
The Governor of the Reserve Bank of India recently made an announcement after the Monetary Policy committee (MPC) meeting, to tackle the crisis caused by Covid-19 pandemic.
RBI had advanced the MPC meeting due on March 31- April 3 to March 24-27. It has announced that the Cash Reserve Ratio has been decreased 100 bps to 3 per cent and the repo rate has been decreased to 4.4 per cent. Policy rate corridor has been widened from 50 to 65 bps. All commercial banks are permitted to allow a 3-month moratorium on repayment of term loan EMIs.