Current Affairs Quiz - May, 2020

Notes:
Moody’s Investors Service has recently projected India’s growth at zero per cent for the current fiscal 2020-21.
It had estimated a growth of 4.8 per cent for the last fiscal year. Last month the ratings agency estimated that the Indian economy would grow at 0.2 per cent. It had also provided a ‘Baa2’ rating for India, which represents moderate credit risk. It also said that India would regain its growth rate at 6.6 per cent in the 2021-22 fiscal.

Notes:
The government has recently raised its gross market borrowing target for the current financial year to Rs 12 lakh crore.
As per the latest budget estimate, the target was Rs 7.8 lakh crore for the current fiscal year. The increase in the target accounts for more than 50% increase from the estimate. The decision has been taken at the backdrop of the Covid-19 outbreak that has crippled the economy. Lower tax collections and the fiscal stimulus required are the reasons for the increased borrowing.

Notes:
India International Exchange Limited (India INX) is India’s first international stock exchange located in Gujarat International Finance Tec-City (GIFT) city and is a subsidiary of Bombay Stock Exchange (BSE).
Recently the Union Finance Minister launched INR-USD futures and options contracts on the two international exchanges — BSE’s India INX and NSE’s NSE-IFSC, at GIFT city, Gandhinagar. This decision of allowing rupee derivatives will bring the rupee trading to our country, which are presently dominated by exchanges in Dubai and Singapore.

Notes:
The first Nobel Peace Prize Henri Dunant of Switzerland for founding the International Red Cross Movement and initiating the Geneva Convention.
World Red Cross Day or World Red Cross and Red Crescent Day is celebrated on May 8 every year, which marks the birth anniversary of Henry Dunant. The International Committee of the Red Cross (ICRC) established by him, works for the welfare of the people across the world.

Notes:
The Chief Minister of Uttar Pradesh Yogi Adityanath has recently launched the ‘Pravasi Rahat Mitra’ application, which aims at incoming aiding migrant citizens.
The application has been developed by the state revenue department in collaboration with United Nation Development Program. The application collects data of the migrant workers, which will be used in formulating programs for employment and livelihood of these citizens. The application will also monitor their health status.

Notes:
Coir Board, a statutory body under the Ministry of Micro, Small and Medium Enterprises has recently signed an MoU with the Indian Institute of Technology-Madras, to establish a Centre of Excellence for Coir Applications.
As per the announcement of the MSME Ministry, Coir Board will provide a financial assistance of five crore rupees for two years for the establishment and running of the Centre of Excellence. The Centre will take up and develop the Research and Development work done in the coir sector.

Notes:
The Bruhat Bengaluru Mahanagara Palike (BBMP), the city corporation of Bengaluru has launched ‘Pranavayu programme’ to create awareness about self-examination of respiratory health for the city-dwellers.
The programme aims at educating people with low oxygen level in their blood to check themselves at an early stage. Under the programme, several advertisements are published in media about self-examination.

Notes:
China recently won the inaugural $180,000 FIDE Chess.com Online Nations Cup, whereas India settled in the fifth place.
On the basis of highest points in the round-robin stage, China was declared the winner as it drew 2-2 against USA, which bagged the second position. China won 48,000, USA 36,000 and others received $24,000 each. Representing India, Humpy won Olga Girya and P. Harikrishna drew with Sergey Karjakin.

Notes:
A team of Indian Institute of Technology (IIT) and Stanford alumni have developed a technology named “Airlens Minus Corona”. It has received certification from the National Accreditation Board for Testing and Calibration Laboratories (NABL).
It is an ‘intelligent robot’ machine that can travel to hospitals and other crowded public places and disinfect surfaces with a water-based technology. Unlike the alcohol-based or UV-based method, the technology works on the basis of ‘Water Electro Activation’ technique. Charged or ionised water droplets will kill the virus by destroying its proteins.

Notes:
The FIFA U-17 Women’s World Cup was originally scheduled to be held in India from November 2-21 in 2020 and was subsequently postponed due to the pandemic.
Recently, FIFA announced that the World Cup tournament has been rescheduled to February 17-March 7, 2021. It was originally planned to be held across five host cities of India namely – Navi Mumbai, Guwahati, Ahmedabad, Kolkata and Bhubaneswar. The original eligibility criteria of the players will be followed.