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:
The State government of Andhra Pradesh has launched a scheme called YSR Matsyakara Bharosa amid the Covid-19 pandemic.
Under the scheme, the government will provide a financial assistance of ₹10,000 to each fisherman family. This would help the fishermen community during the lock-down period and during the marine ban period. The monetary relief of fishermen venturing into the sea has also been raised from ₹4,000 to ₹10,000 per head.

Notes:
Rabindranath Tagore, also called as the ‘Gurudev’ wrote the ‘Amar Sonar Bangla’ song during the first partition of Bengal, announced by Lord Curzon in 1905. The song later led to the uprising of the freedom movement of the present Bangladesh and became their national anthem.
Tagore is the only known person who had composed national anthems for two countries, including Jana Gana Mana of India. The Sri Lankan national anthem was also inspired from Tagore’s work, as per some historians. His 159th birth anniversary was observed on May 7. National Gallery of Modern Art organised a virtual tour to commemorate the birth anniversary of Tagore.

Notes:
Union Defence Minister Rajnath Singh recently inaugurated the strategically important Ghatiabagar-Lipulekh motor road.
The road connects the last Indian post on the Indo-China border in Uttarakhand’s Vyas valley. The construction of the road commenced in 2008 and was scheduled to be completed in 2013, but it was delayed due to the tough terrain. The Kailash-Mansarovar Yatra from Lipulekh pass is more convenient for pilgrims, after the road has been commissioned.

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:
On 8 and 9 May every year, the United Nations commemorates the millions who lost their lives during the Second World War. The World War-II led to the formation of the United Nations.
The commemoration to pay tribute to all victims is officially called the “Time of Remembrance and Reconciliation for Those Who Lost Their Lives during the Second World War”. It was created by a General Assembly resolution in 2004.

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:
Bureau of Police Research and Development (BPRD) was established under Ministry of Home Affairs in 1970, as a think-tank with the objective of modernization of police force.
Recently BPRD released a 40-page manual titled ‘Fake News and Disinformation: How to Spot and Investigate’ to help investigators and police officers to identify fake news aimed at spreading communal hatred among the people.

Notes:
The Suraksha Store initiative has been launched by the Ministry of Consumer Affairs, Food and Public Distribution.
The aim of this scheme to educate Kirana store owners across the country about safety guidelines and sanitation measures to be followed while running their businesses. Recently the Department of Consumer Affairs has partnered with tech start-ups Safejob and Seekify to leverage technology in implementing this scheme.

Notes:
China recently won the inaugural $180,000 FIDE Chess.com Online Nations Cup, whereas India settled in the fifth place.
On the basis of highest points in the round-robin stage, China was declared the winner as it drew 2-2 against USA, which bagged the second position. China won 48,000, USA 36,000 and others received $24,000 each. Representing India, Humpy won Olga Girya and P. Harikrishna drew with Sergey Karjakin.