Current Affairs Quiz - May, 2020

Notes:
Global Information Technology giant Google has recently announced the launch of its mobile application ‘Read Along’ in over 180 countries and in 9 languages.
The application was initially launched in India in the name of ‘Bolo’ along with an in-app reading buddy named Diya. The Read Along app uses Google’s speech recognition technology to develop reading skills of young children along the globe.

Notes:
The Sunderbans delta, which is spread over India and Bangladesh, is the only mangrove forest in the world inhabited by tigers.
According to the latest estimation conducted by the West Bengal Forest Department, the count of tigers has increased by 8 in 2019-20 to 96, from 88 in the previous year. The increase was significant as this is the biggest annual jump ever reported from the Sundarbans, which is a world heritage site and a Ramsar site.

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 government of Madhya Pradesh has launched a new scheme called ‘FIR Aapke Dwar Yojana’ in Bhopal.
The scheme has been launched on a pilot basis in 23 Police stations across the state. Under the scheme, people need not visit Police stations to lodge an FIR, rather they can use the number 100. The Dial 100 vehicle would have trained Head Constables to lodge FIR. For serious complaints, guidance will be given by senior officers.

Notes:
India’s first and only woman Paralympics silver medallist, Deepa Malik is set to take charge as the President of the Paralympic Committee of India.
She had earlier announced her retirement from active sports. She is the only woman para-athlete to have been given the Rajiv Gandhi Khel Ratna award. She is also a recipient of the Padma Shri and Arjuna Award. Deepa Malik won her silver medal at the 2016 Rio de Janeiro Summer Paralympics in shot put. She has won 58 national and 23 international medals.

Notes:
The social security scheme of Government of India ‘Atal Pension Yojana’ (APY) has completed five years of successful implementation. The scheme has witnessed 2.23 Crore enrolments since its launch.
It was launched in the year 2015 by the Indian Prime Minister to deliver a minimum guaranteed pension to workers in unorganised sector. The Pension Fund Regulatory and Development Authority (PFRDA) administers the scheme.

Notes:
Former national table tennis champion of India, Manmeet Singh Walia has recently passed away in Canada, at the age of 58.
Manmeet was suffering from ALS (amyotrophic lateral sclerosis) disease that led to voluntary muscle impairment. The veteran player became the national champion in 1989 in Hyderabad. He had represented India at several international events after making his debut at the Asian Championships in 1980.

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.

Notes:
Union Finance Minister Nirmala Sitharaman recently proposed Rs 50,000 crore of liquidity by reducing the TDS and TCS rates for certain payments including interest, dividend, rent payments and other payments by non-individuals.
The rates of Tax Deduction at Source (TDS) for non-salaried payments made to residents and rates of Tax Collection at Source (TCS) for receipts will be reduced by 25 per cent of the existing rates. This reduction in rates will be effective from 14.05.2020 to 31.03.2021.