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:
Monaco-headquartered International Association of Athletics Federations leads the celebration of World Athletics Day in the month of May. The first World Athletics Day was celebrated in 1996.
Every year, the date is decided by IAAF and this year it was celebrated on May 7. IAAF was founded at Stockholm, Sweden in the year 1912. The Athletics Day is celebrated to educate the people about the significance of sports and to encourage athletics as the foundational sport in educational institutions.

Notes:
The richest online chess tournament in history held so far was recently organised by the World Chess champion Magnus Carlsen after live tournaments could not be held amidst the Covid-19 crisis.
Named the Magnus Carlsen Invitational, the 16-day contest comprised of a total prize fund of $250,000. Magnus Carlsen won the final match and bagged the winner prize of $70,000 after defeating his American counterpart Hikaru Nakamura 2.5:1.5. Live feeds were offered during the matches with live commentary from chess grandmasters.

Notes:
The World Thalassaemia Day is observed every year across the world on May 8. It is observed with an aim of creating awareness about a blood disorder called Thalassaemia.
Thalassaemia is a genetic blood disorder that affects the production of haemoglobin. Lesser red blood cells and low haemoglobin are the effects of this disorder. This year the theme is “The dawning of a new era for thalassaemia: Time for a global effort to make novel therapies accessible and affordable to patients”.

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:
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:
The government has recently raised its gross market borrowing target for the current financial year to Rs 12 lakh crore.
As per the latest budget estimate, the target was Rs 7.8 lakh crore for the current fiscal year. The increase in the target accounts for more than 50% increase from the estimate. The decision has been taken at the backdrop of the Covid-19 outbreak that has crippled the economy. Lower tax collections and the fiscal stimulus required are the reasons for the increased borrowing.

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 Defence Ministry has signed a contract with Mumbai based power company Tata Power for infrastructure modernisation of 37 airfields.
The airfields of the Indian Air Force, Coast Guard and the Navy are to be modernised at a cost of around Rs 1,200 crore. This is the second phase of the Modernisation of Airfield Infrastructure (MAFI) programme while during the first phase the airfields of the Indian Air Force were upgraded. This project would facilitate the operations of aircrafts in poor weather conditions.

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.