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:
Congress leader Adhir Ranjan Chowdhury has been reappointed for another year as the chairperson of Parliament’s Public Accounts Committee along with the existing 30 members.
The committee was first formulated as a result of Montagu-Chelmsford Reforms in the year 1921. After 1950, the committee became a parliamentary committee which functioned under the control of the Lok Sabha Speaker along with a non-official chairperson. Since 1967, the chairperson of the committee is selected from the opposition party.

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:
India International Exchange Limited (India INX) is India’s first international stock exchange located in Gujarat International Finance Tec-City (GIFT) city and is a subsidiary of Bombay Stock Exchange (BSE).
Recently the Union Finance Minister launched INR-USD futures and options contracts on the two international exchanges — BSE’s India INX and NSE’s NSE-IFSC, at GIFT city, Gandhinagar. This decision of allowing rupee derivatives will bring the rupee trading to our country, which are presently dominated by exchanges in Dubai and Singapore.

Notes:
Coir Board, a statutory body under the Ministry of Micro, Small and Medium Enterprises has recently signed an MoU with the Indian Institute of Technology-Madras, to establish a Centre of Excellence for Coir Applications.
As per the announcement of the MSME Ministry, Coir Board will provide a financial assistance of five crore rupees for two years for the establishment and running of the Centre of Excellence. The Centre will take up and develop the Research and Development work done in the coir sector.

Notes:
World Health Organization (WHO) and the UN’s postal agency have released a commemorative postage stamp on the 40th anniversary of the eradication of smallpox.
The 33rd World Health Assembly issued its official declaration that the world has successfully eradicate small pox, in May 1980. The smallpox eradication campaign of WHO was launched in 1967, to fast-track the global effort in eradicating the disease. The stamp commemorates the roles of world leaders, organisations, rural doctors and community health workers.

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 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:
The Indian Council of Medical Research, ICMR and National Centre for Disease Control proposed to launch a population-based sero-survey at district level.
This operation is to be done in collaboration with key stakeholders and State Health Departments. It involves testing the blood serum predominantly. All population groups including outpatient attendees, pregnant women and health care workers will be tested.

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.