Current Affairs Quiz - May, 2020

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 World Thalassaemia Day is observed every year across the world on May 8. It is observed with an aim of creating awareness about a blood disorder called Thalassaemia.
Thalassaemia is a genetic blood disorder that affects the production of haemoglobin. Lesser red blood cells and low haemoglobin are the effects of this disorder. This year the theme is “The dawning of a new era for thalassaemia: Time for a global effort to make novel therapies accessible and affordable to patients”.

Notes:
The United Nations along with its partner agencies has launched a USD 6.7 billion global appeal to fight the COVID-19 pandemic.
The UN also updated a global plan to fight the COVID-19 in fragile and more vulnerable countries. The plan includes nine more vulnerable countries including the Philippines, Togo and Zimbabwe, beyond the 54 countries covered in the original appeal-the COVID-19 Global Humanitarian Response Plan.

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 Indian Council for Medical Research (ICMR) recently announced a research collaboration with Hyderabad-based Bharat Biotech International Ltd (BBIL) to develop a COVID-19 vaccine.
The virus stains that had been isolated at the National Institute of Virology, Pune (an ICMR institute), have been transferred to the Biotech firm. The ICMR and BBIL will seek approvals to speed-up vaccine development, subsequent animal studies and clinical evaluation of the indigenous vaccine.

Notes:
According to the data released by the Registrar General of India in its Sample Registration System (SRS) bulletin based on data collected for 2018, the infant mortality rate was found to be 32 per thousand of the population. The national birth rate and death rate stood at 20 and 6.2 respectively.
Madhya Pradesh has worst infant mortality rate in the country with 48 per thousand while Nagaland has the best IMR (4). Bihar continues to top the birth rate list with Andaman and Nicobar Islands at the bottom. Chhattisgarh has the highest death rate, while Delhi has the lowest.

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:
Union Micro, Small and Medium Enterprises (MSME) Ministry has launched CHAMPIONS portal www.champions.gov.in.
It is a control room-cum-management information system aimed at assisting Indian MSMEs and solving their grievances. The ‘CHAMPIONS’ stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. It uses advanced technology like AI, Machine Learning and integrated with the Centre’s CPGRAMS grievance portal.

Notes:
The national public health institute of the United States, Centers for Disease Control and Prevention (CDC) has committed $3.6 million to assist India’s response to the COVID19 pandemic.
This initial tranche of funding will help India to strengthen and support the efforts of India to increase laboratory capacity for SARS-COV-2 testing. The CDC India program will also provide technical assistance for India’s response for the ongoing crisis emergency.