Current Affairs Quiz - May, 2020

Notes:
Amidst the Covid-19 outbreak, ICAR-Central Institute of Fisheries Technology (ICAR-CIFT), Kochi prepared advisories for the benefit of the fishing fraternity in 10 different regional languages. ICAR-Central Inland Fisheries Research Institute (ICAR-CIFRI), Barrackpore prepared advisories for the stakeholders involved in freshwater fishing.
The Food and Agricultural Organization (FAO), Rome has recommended these advisories by including them as ‘Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries’ under the Asia-Regional initiatives.

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:
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:
The Union Budget 2020 proposed to reduce the stay period of an individual in India to 120 days, from the previous 182 days. But this reduction is only applicable to persons with less than Rs 15 lakh as Indian income during the Financial year.
Recently, Finance Ministry allowed a relief in determining the residential status during 2019-20, where a person came to India before 22nd March, 2020 and was unable to leave India on or before 31st March 2020, his period of stay in India from 22nd March to 31st March shall not be taken into account. Otherwise they shall have to file tax returns as Indian residents.

Notes:
Bureau of Police Research and Development (BPRD) was established under Ministry of Home Affairs in 1970, as a think-tank with the objective of modernization of police force.
Recently BPRD released a 40-page manual titled ‘Fake News and Disinformation: How to Spot and Investigate’ to help investigators and police officers to identify fake news aimed at spreading communal hatred among the people.

Notes:
The Indian Council for Cultural Relations (ICCR) is an autonomous organisation of Union Ministry of External Affairs. Its main objective is to build cultural relations with other countries.
Recently, ICCR released a song titled “United We Fight” featuring famous musicians like Usha Uthup and Joe Alvares, as a part of its efforts to instil hope among Indians in their fight against COvid-19. The song was written and composed by Joe Alvares and sung by several famous singers from across the country.

Notes:
The Prime Minister of India recently unveiled a special economic package titled “Atma Nirbhar Bharat Abhiyan” to the tune of Rs. 20 lakh crore. It aims to stimulate the economic activities of the country, ahead of the 4th phase of the lockdown.
The stimulus package also includes Rs 1.7 lakh crore package of free food grains to poor and cash to poor women and elderly, that was announced in the month of March in the name of PM Karib Kalyan Yojana. It also includes the liquidity measures and interest cuts announced by RBI. The Prime Minister said the package will focus on land, labour, liquidity and laws.

Notes:
The Sports Authority of India (SAI) has formed a six-member committee to prepare a Standard Operating Procedure (SOP) for resuming the training of sportspersons across several disciplines, after the lock-down would be lifted.
The Secretary of Sports Authority of India (SAI) Rohit Bharadwaj will head the panel. It will also include preventive measures to be observed by all stakeholders, including trainees, coaches and staff. The recommendations will be sent to the Sports Ministry for approval.

Notes:
New Development Bank (NDB) was established by the BRICS (Brazil, Russia, India, China, South Africa) countries in 2014. Its headquarters is Shangai and is headed by veteran Indian K V Kamath.
BRICS’ New Development Bank was seen in news recently, as it has provided $1 billion loan to India to fight COVID-19. The complete emergency funds have been disbursed by the development institution, to help India in containing the human and economic losses due to Covid-19.