Current Affairs Quiz - May, 2020

Notes:
Pradhan Mantri Bharatiya Janaushadhi Kendras (PMBJK) which functions under the Union Ministry of Chemicals and Fertilizers have started accepting the orders for medicines on WhatsApp and e-mail. The prescriptions uploaded online are delivered at the doorsteps of the users.
Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) was launched with an aim of providing quality generic medicines to the people at affordable rates. At present there are over 6300 PMBJKs operating in 726 districts across the country.

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:
As per the recent notification of the Reserve Bank of India, the government has appointed Economic Affairs Secretary Tarun Bajaj as a Director on the central board of Reserve Bank of India (RBI), with effect from May 5 until further orders.
Tarun Bajaj is set to replace the position held by Atanu Chakraborty, who superannuated on April 30. Tarun Bajaj is a 1988 batch IAS officer and has held several crucial positions including Additional Secretary in Prime Minister’s Office and Director in the Department of Financial Services.

Notes:
The state government of Tamil Nadu has recently raised the retirement age of State Government employees to 59 from 58.
The Government order comes to force with immediate effect, as per the notification released. This order will also apply to all teachers in government and government-aided schools and colleges, and employees working in State public sector undertakings.

Notes:
The United Nations Environment Programme (UNEP) has recently extended the term of Bollywood star and environmentalist Dia Mirza, as its National Goodwill Ambassador for another two years.
Dia Mirza is also an advocate of United Nations Sustainability Development Goals. She was famous for her #BeatPlasticPollution campaign when she was the UNEP Goodwill ambassador for the first time.

Notes:
Monaco-headquartered International Association of Athletics Federations leads the celebration of World Athletics Day in the month of May. The first World Athletics Day was celebrated in 1996.
Every year, the date is decided by IAAF and this year it was celebrated on May 7. IAAF was founded at Stockholm, Sweden in the year 1912. The Athletics Day is celebrated to educate the people about the significance of sports and to encourage athletics as the foundational sport in educational institutions.

Notes:
Union Defence Minister Rajnath Singh recently inaugurated the strategically important Ghatiabagar-Lipulekh motor road.
The road connects the last Indian post on the Indo-China border in Uttarakhand’s Vyas valley. The construction of the road commenced in 2008 and was scheduled to be completed in 2013, but it was delayed due to the tough terrain. The Kailash-Mansarovar Yatra from Lipulekh pass is more convenient for pilgrims, after the road has been commissioned.

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 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:
Council of Scientific and Industrial Research, CSIR through its flagship New Millennium Indian Technology Leadership Initiative (NMITLI) programme has approved a project towards development of human monoclonal antibodies (hmAbs).
The antibodies can neutralize the mutated virus SARS-CoV-2 and could be used for fighting future SARS-CoV infections. The team that is going to develop the therapeutic antibodies comprises of academic institutes and industries.