Current Affairs Quiz - May, 2020

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:
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:
Council of Scientific and Industrial Research, CSIR through its flagship New Millennium Indian Technology Leadership Initiative (NMITLI) programme has approved a project towards development of human monoclonal antibodies (hmAbs).
The antibodies can neutralize the mutated virus SARS-CoV-2 and could be used for fighting future SARS-CoV infections. The team that is going to develop the therapeutic antibodies comprises of academic institutes and industries.

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:
The Defence Research and Development Organisation (DRDO) laboratory based at Hyderabad, Research Centre Imarat (RCI), has developed an automated sanitisation cabinet, called Defence Research Ultraviolet Sanitiser (DRUVS).
The sanitiser uses the UV-C type of light to sanitise currency notes, electronic gadgets and paper. The significant feature of the sanitiser is its contactless operation, which will help in containing the spread of infection.

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 World Economic Forum has recently released the global ‘Energy Transition Index’. The index ranks 115 economies on the current performance of their energy systems and their readiness for transition to secure and sustainable energy systems.
India has moved up two positions to rank 74th from previous year, and has improved on all key parameters. Sweden has topped the Energy Transition Index (ETI) for the third consecutive year. Switzerland and Finland were ranked in the next two positions.

Notes:
In the second tranche of the economic stimulus package, the Finance Minister proposed that the Government will launch a scheme under Pradhan Mantri Awas Yojana-PMAY.
The scheme aims at providing ease of living at affordable rent for migrant labour/urban poor. It proposes to convert government funded housing in the cities into Affordable Rental Housing Complexes (ARHC) under PPP mode. The scheme will also incentivize industries and State Government Agencies and Central Government Organizations to develop ARHCs and operate them.

Notes:
Veteran educationist and litterateur Anisuzzaman, who was also the national Professor of Bangladesh, passed away recently at the age of 83.
He was born in Kolkata and later moved to Bangladesh shortly after the partition of India. He had contributed significantly for the Bangla literature. He also played a crucial role in all democratic movements including the Language Movement of 1952 to Liberation War in 1972 etc. He was awarded Padma Bhushan by India in 2014.

Notes:
“GOAL (Going Online As Leaders)” programme is an initiative of the Union Ministry of Tribal Affairs (MoTA).
Union Minister for Tribal Affairs Arjun Munda launched the scheme was launched in partnership with Facebook. The programme aims to provide mentorship and training to tribal youth through digitally enabled programs. The scheme is expected to promote and empower 5,000 tribal youths in the current phase.