Current Affairs Quiz - May, 2020

Notes:
The Reserve Bank of India launched a Rs 50,000-crore scheme which enables banks to extend liquidity support to Mutual Funds, called Special Liquidity Facility for Mutual Funds SLF-MF scheme.
This was introduced at the backdrop of the shutting down of six debt funds of Franklin Templeton Mutual Funds. Recently, the RBI extended the benefits of the scheme to all banks, irrespective of whether they avail funding from the Reserve Bank or deploy their own resources.

Notes:
Thangjam Dhabali Singh, a doctor from Manipur and founder of the Manipur Tourism Forum (MTF), was conferred the ‘Order of Rising Sun – Gold and Silver Rays’ by Japan. He was selected for promoting a better understanding of Japan in India and deepening ties between the two countries.
The award was constituted by Japanese Emperor Meiji in 1875. It is awarded to persons who contribute in promotion of Japanese culture, environmental preservation and international relations.

Notes:
Under the Rebate of State Levies (ROSL) Scheme, exporters can claim refunds from the Centre for all the levies and duties they pay at the State level. It was extended only to exporters of apparel and made-ups.
It was discontinued last year and replaced with the Rebate of State and Central Taxes and Levies scheme (RoSCTL). Recently, ₹464.13 crore has been allocated for issue of duty credit scrips (certificates) by the DGFT to exporters who have pending claims under the ROSL scheme.

Notes:
The Ministry of Development of the North Eastern Region (DoNER) has recently directed the state government of Arunachal Pradesh to include the Chakma and Hajong communities in the COVID-19 relief programme.
After a Delhi-based rights group sent its complaint to the Prime Minister’s Office about the exclusion of the two communities from the relief programme and the shortage of food faced by them, the Ministry issued an order to the state. The people of the communities were settled in the state by 1960s after they were displaced by a violence in present Bangladesh region.

Notes:
Indian Navy has launched Operation named ‘Samudra Setu’, which means Sea Bridge in English, with an objective of repatriating Indian citizens who are stranded in other countries.
As a part of Phase-1 under the operation, Indian Naval Ships Jalashwa and Magar have departed to Malè in Maldives for evacuation of Indian citizens. The list of persons who are to be evacuated is prepared by the Indian Mission in Maldives. About a thousand nationals are to be transported back to India following social distancing norms.

Notes:
‘Internet Saathi’ is an initiative of the Technology giant Google in India, along with the Tata Trusts, launched with an objective to improve digital literacy among rural women of the country.
Recently, Google announced in a statement that the company is assisting the female Internet trainers or Saathis to share official health advice in their villages. Moreover, Google has also enabled the local governments to share the location of food centres, shelters and test centres in Google Maps.

Notes:
Institute of Genomics and Integrative Biology (IGIB), a lab of the Council for Scientific and Industrial Research (CSIR) have entered into a partnership to commercialise the FNCAS9 Editor Linked Uniform Detection Assay, FELUDA test kit developed by IGIB.
Under the agreement, the licensing of KNOW-HOW for rapid and accurate diagnosis of COVID-19 will also be undertaken. The FELUDA kit is affordable, easy to use and not dependant on the expensive Q-PCR machines. It uses Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) based technology and paper strip model of chemistry.

Notes:
Beijing headquartered Multilateral development bank, Asian Infrastructure Investment Bank recently approved a $500 million loan to support India’s Covid-19 operations. The loan is co-financed by the World Bank.
AIIB also highlighted that building a resilient health system to effectively treat COVID-19 patients and preventing its spread is the immediate priority. Last month the bank doubled its initial COVID-19 Crisis Recovery Facility to 10 billion from 5 billion.

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:
International Organization for Migration (IOM) is an intergovernmental organization that provides services and advice regarding migration to governments and migrants. It is headquartered at Grand-Saconnex, Switzerland.
Recently, the Director-General of the UN migration agency Antonio Vitorino said in a notification that thousands of migrants have been stranded all over the world and they face an increased risk of COVID-19 infection. The agency also advised the governments to allow health care and screening available to all migrants.