Current Affairs Quiz - May, 2020

Notes:
Several states in India including Uttar Pradesh, Madhya Pradesh, Maharashtra, Odisha and Goa have relaxed the provision of the Factories Act, 1948 and increased the working hours of labourers, after facing a shortage of workers following the lock-down.
Recently, Odisha and Maharashtra labour departments exempted their industries from four sections of the Factories Act, 1948, related to working hours of the staff, till June 30. Uttar Pradesh suspended key labour laws for three years through an ordinance. With the approved exemption, employers can allow labourers to work in two shifts of 12 hours each.

Notes:
Veteran Indian scholar and historian Hari Shankar Vasudevan passed away recently after contracting Covid-19. He had tested positive for novel coronavirus on May 6.
Professor Hari Vasudevan was working as a UGC Emeritus Professor in the Department of History and China Centre of Calcutta University after his superannuation. He was an important personality in the field of Russian and Central Asian history. He also served as the Director of Maulana Abul Kalam Azad Institute of Asian Studies, institution under Ministry of Culture Govt of India.

Notes:
The Suraksha Store initiative has been launched by the Ministry of Consumer Affairs, Food and Public Distribution.
The aim of this scheme to educate Kirana store owners across the country about safety guidelines and sanitation measures to be followed while running their businesses. Recently the Department of Consumer Affairs has partnered with tech start-ups Safejob and Seekify to leverage technology in implementing this scheme.

Notes:
The TVS group and the Sundaram Medical Foundation collaborated with IIT-Madras to develop an affordable and automated respiratory assist device called The Sundaram Ventago.
This device has been developed in collaboration with hospitals like Madras Medical College and Kauvery Hospital along with guidance from institutions like MIT-Boston. The device uses automated squeezing of a self-inflating bag or AMBU bag to provide respiratory support to patients.

Notes:
As per the recent analysis of World Economic Forum, the CO2 emissions of India have dropped for the first time in over 40 years.
WEF highlighted that the fall in emissions is due to the economic slowdown and growth in the renewable energy sector. Emissions dipped by around 1% in the fiscal year 2019-20. In the month of March, the emissions fell by 15% and it is expected to have fallen 30% in April 2020. As the pandemic has cut the electricity demand, coal consumption also flatlined.

Notes:
The Union Minister announced ₹90,000 crore one-time liquidity injection for fund-starved DISCOMs. This will be used to pay the central public sector power generation companies, transmission companies, independent power producers and renewable energy generators.
PSUs Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) will infuse the liquidity by raising an amount of about ₹90,000 crore from the market against the receivables of DISCOMs. The state governments are expected to provide a guarantee for the fund.

Notes:
The World Economic Forum has recently released the global ‘Energy Transition Index’. The index ranks 115 economies on the current performance of their energy systems and their readiness for transition to secure and sustainable energy systems.
India has moved up two positions to rank 74th from previous year, and has improved on all key parameters. Sweden has topped the Energy Transition Index (ETI) for the third consecutive year. Switzerland and Finland were ranked in the next two positions.

Notes:
According to the latest Transparency Report released by Facebook, government requests for user data increased by 9.5% during the second half of 2019. United States topped the list with 51,121 requests for user data. It is followed by India and UK.
The report also revealed that India topped the list for internet disruption affecting Facebook services during both the first and second half of 2019, accounting for 40 disruptions. Also, the number of user data requests from the Indian government to Facebook increased 28% during the second half of 2019.

Notes:
Ecowrap is the research report of India’s largest lender State Bank of India. Recently, SBI released its latest Ecowrap report.
It has revised the baseline fiscal deficit to 7.9 per cent of the revised GDP in FY21, which is more than double to its previous estimate. The report had earlier estimated the fiscal deficit as 3.5 % of GDP. The reason for the revision is due to the lower revenues and higher expenditure against the backdrop of Covid-19 pandemic.

Notes:
Asian Infrastructure Investment Bank (AIIB) signed a USD 145 million agreement with the Government of India and West Bengal Government for a project.
The project aims to improve the irrigation services and flood management in the Damodar Valley Command Area in West Bengal. The total value of the project is over 413 million dollars and will benefit about 27 lakh farmers from five districts of the state.