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:
Union Health Minister along with the Union AYUSH Minister launched the clinical research studies on Ayurveda interventions as an add-on to the standard care in tackling COVID 19. This will be a joint initiative of Ministry of AYUSH, Ministry of Health and Family Welfare and the Ministry of Science & Technology through CSIR.
They also launched the Ayush Sanjivani application developed by the AYUSH Ministry, with an aim of generating data on acceptance and usage of AYUSH recommendations among the public and record their impact in prevention of COVID 19.

Notes:
The richest online chess tournament in history held so far was recently organised by the World Chess champion Magnus Carlsen after live tournaments could not be held amidst the Covid-19 crisis.
Named the Magnus Carlsen Invitational, the 16-day contest comprised of a total prize fund of 250,000. Magnus Carlsen won the final match and bagged the winner prize of 70,000 after defeating his American counterpart Hikaru Nakamura 2.5:1.5. Live feeds were offered during the matches with live commentary from chess grandmasters.

Notes:
The state government of Jharkhand has recently banned manufacture, sale and storage of 11 brands of pan masala for a year.
This step has been taken to curb the harmful chemical Magnesium carbonate, present in pan masala. The chemical is carcinogenic and harmful to the heart and banned for usage, as per the Food Safety Act, 2006 regulations. Earlier, Maharashtra and Bihar also had imposed a ban on pan masala.

Notes:
The Union Defence Ministry has signed a contract with Mumbai based power company Tata Power for infrastructure modernisation of 37 airfields.
The airfields of the Indian Air Force, Coast Guard and the Navy are to be modernised at a cost of around Rs 1,200 crore. This is the second phase of the Modernisation of Airfield Infrastructure (MAFI) programme while during the first phase the airfields of the Indian Air Force were upgraded. This project would facilitate the operations of aircrafts in poor weather conditions.

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:
The World Tourism Organization (UNWTO) is the United Nations agency responsible for the promotion of sustainable and universally accessible tourism. Its headquarters is located at Madrid, Spain.

Notes:
A team of astronomers using the Chile-based La Silla Observatory of the European Southern Observatory (ESO) has recently discovered the nearest black hole from Earth.
This triple-structure black hole named as HR 6819, is located just 1000 light-years from Earth. Unlike the other black holes that have been detected till date, HR 6819 does not actively interfere with their surroundings. The team was able to distinguish its existence and measure its mass.

Notes:
The Government of India has recently issued a set of guidelines to be followed for data processing of Aarogya Setu app users.
As per the new rules, the storage of data beyond 180 days is prohibited and users can seek deletion of their data from the government’s records within 30 days of request. The new norms allow collection of only demographic, contact, self-assessment and location data of infected persons and their contacts. Any violation of these directions may lead to penalties under the Disaster Management Act, 2005.

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.