Current Affairs Quiz - May, 2020

Notes:
The US Commission for International Religious Freedom (USCIRF) released its annual report recently, where it has classified India under ‘Countries of particular concern’ (CPC) for increasing assault on religious minorities.
The report has placed India in the concern list along with 13 other nations including nine countries which were placed in December 2019 and 5 countries added now. The recently added countries include Nigeria, Russia, Syria, and Vietnam in addition to India.

Notes:
According to the recent report titled ‘The Global Report on Internal Displacement (GRID 2020)’, released by the Internal Displacement Monitoring Centre (IDMC), about 5 million people were displaced in India in 2019, which is the highest in the world till date.
IDMC, a part of the Norwegian Refugee Council, also states that the displacements in India is due to increased hazard intensity, high population and social and economic vulnerability. As many as 8 tropical storms hit the country. The centre has also noted a concentrated pattern inside countries, in regard with the displacement.

Notes:
The Indian Railways has launched the Special Shramik Trains to bring back stranded labourers and students stuck in different states across the country to their home states.
Jharkhand becomes the first state to bring its migrant labourers back home through the first train run from Telangana to Ranchi. Recently, another special train carrying 1,200 migrant workers from Kerala left to Bhubaneswar in Odisha.

Notes:
Under the Rebate of State Levies (ROSL) Scheme, exporters can claim refunds from the Centre for all the levies and duties they pay at the State level. It was extended only to exporters of apparel and made-ups.
It was discontinued last year and replaced with the Rebate of State and Central Taxes and Levies scheme (RoSCTL). Recently, ₹464.13 crore has been allocated for issue of duty credit scrips (certificates) by the DGFT to exporters who have pending claims under the ROSL scheme.

Notes:
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, allow banks and financial institutions to auction properties, when borrowers fail to repay their loans.
Recently as per the judgement of the Supreme Court, the cooperative banks that are involved in the banking activities are considered as a ‘banking company’. Hence the SARFAESI act may be modified to include the procedure of loan recovery by cooperative banks.

Notes:
In a recent move, the Centre hiked the duties on petrol and diesel steeply and raised it to Rs 10 and Rs 13 per litre, respectively. It was also announced that there will be no change in the retail prices as the hike will be absorbed by the Oil Marketing companies.
Among the total hike, the Road and infrastructure cess will go the revenue of the Centre only whereas the special additional excise duty will be passed on to all states through devolution at 42%. This decision has been taken at the backdrop of falling crude oil prices in the global market and lower demand during the lock-down.

Notes:
The evacuation exercise of India, considered to be one of the largest, has been named the ‘Vande Bharat Mission’, will engage about 64 flights to bring home Indian nationals stranded abroad.
Several countries including the UAE, Saudi Arabia, UK, Singapore and the US will be covered. In the first week of repatriation, the Gulf countries will be focussed. The highest number of flights to bring back people, were allotted for the states of Kerala (15), Tamil Nadu (11) and Delhi (11).

Notes:
The United Nations celebrates May 7 as the International Day of Vesak across the world, to commemorate the day of enlightenment of Lord Buddha.
In India, Ministry of Culture in collaboration with the International Buddhist Confederation (IBC) held a Virtual Prayer Event to celebrate Buddha Poornima. Indian Prime Minister also delivered the keynote address. The virtual celebrations will be streamed live from various historic sites from India, Nepal and Sri Lanka.

Notes:
The richest online chess tournament in history held so far was recently organised by the World Chess champion Magnus Carlsen after live tournaments could not be held amidst the Covid-19 crisis.
Named the Magnus Carlsen Invitational, the 16-day contest comprised of a total prize fund of $250,000. Magnus Carlsen won the final match and bagged the winner prize of $70,000 after defeating his American counterpart Hikaru Nakamura 2.5:1.5. Live feeds were offered during the matches with live commentary from chess grandmasters.

Notes:
As a part of the humanitarian aid and disaster relief (HADR) outreach of the Indian Navy, the armed force has deployed five of its biggest amphibious warfare vessels on a mission to provide essential supplies to friendly Indian Ocean Region (IOR) countries.
Indian Naval Ship (INS) Kesari, INS Jalashwa, INS Magar, INS Airawat and INS Shardul are deployed in the operations. On their return journey some of them will bring back the stranded Indian nationals in those countries.