Current Affairs Quiz - May, 2020

Notes:
Union Defence Minister Rajnath Singh has recently approved the abolition of 9,304 posts in the Military Engineering Service. MES is a government Defence infrastructure development agency.
As per the recommendations of the Committee of Experts, headed by Lieutenant General Shekatkar, and the proposal of the Engineer-in-Chief of MES, the posts in the basic and industrial workforce have been scrapped, which will improve the combat capability and trim the defence expenditure.

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:
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:
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:
Pune-based National Institute of Virology under the Indian Council of Medical Research has successfully developed the first indigenous antibody detection kit for Covid-19 named ‘Covid Kavach Elisa’.
Technically, it is an anti-SARS-CoV-2 human IgG ELISA (enzyme-linked immunosorbent assay) test kit for detecting coronavirus. As per the Union Health Ministry, the kit can test up to 90 samples together in 2.5 hours. This is expected to ramp up the testing speed in the country.

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:
Recently, the Geographical Indication (GI) tag has been provided to Jharkhand’s Sohrai Khovar painting and Telangana’s Telia Rumal handloom cloth.
The painting is a traditional art that is created by tribal women with locally available soils of different colours. It is predominantly done in Hazaribagh district of Jharkhand. Telia Rumal cloth has intricate handmade work with cotton loom, with designs in red, black and white colours. Thanjavur Netti (pith) works that uses Aeschynomene aspera plant and Arumbavur Wood Carving also got G.I tag from Tamil Nadu.

Notes:
Recently, Haryana submitted its action plan to the Department of Drinking Water & Sanitation and committed to provide tap water connection to all rural households by December, 2022 under the Jal Jeevan Mission (JJM). Haryana plans to provide tap connections in 7 lakh households by 2020-21.
The UT of Jammu and Kashmir also has planned to provide tap water connection to all rural households by December, 2022 under JJM. The national target under the scheme is to reach all households by 2024-25.

Notes:
The Union Minister announced ₹90,000 crore one-time liquidity injection for fund-starved DISCOMs. This will be used to pay the central public sector power generation companies, transmission companies, independent power producers and renewable energy generators.
PSUs Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) will infuse the liquidity by raising an amount of about ₹90,000 crore from the market against the receivables of DISCOMs. The state governments are expected to provide a guarantee for the fund.