Current Affairs Quiz - May, 2020

Notes:
Iran ranks first in the world, in terms of production of saffron and India is a close competitor. Kashmir saffron has received the Geographical Indication (GI) tag recently. It is cultivated and harvested in the Karewa (highlands) of Jammu and Kashmir.
The unique characteristics of Kashmir saffron are its longer and thicker stigmas, natural deep-red colour and high quantity of crocin, safranal and picrocrocin, among others. It is the only saffron variety in the world that is grown at an altitude of 1,600 m to 1,800 m above mean sea level.

Notes:
The European Union and its partners co-hosted the Coronavirus Global Response International Pledging Conference to raise funds to kick-start the global fight against Covid-19, especially to manufacture a vaccine.
The target set by the European Commission for the initial funding was €7.5 billion (8 billion USD). Several world leaders, individuals and organisations participated in the conference and pledged 8 billion USD together. Canada was the highest contributor with $850 million. U.S. did not attend the conference.

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:
In a recent move, the Centre hiked the duties on petrol and diesel steeply and raised it to Rs 10 and Rs 13 per litre, respectively. It was also announced that there will be no change in the retail prices as the hike will be absorbed by the Oil Marketing companies.
Among the total hike, the Road and infrastructure cess will go the revenue of the Centre only whereas the special additional excise duty will be passed on to all states through devolution at 42%. This decision has been taken at the backdrop of falling crude oil prices in the global market and lower demand during the lock-down.

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:
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:
Amidst the Covid-19 outbreak, ICAR-Central Institute of Fisheries Technology (ICAR-CIFT), Kochi prepared advisories for the benefit of the fishing fraternity in 10 different regional languages. ICAR-Central Inland Fisheries Research Institute (ICAR-CIFRI), Barrackpore prepared advisories for the stakeholders involved in freshwater fishing.
The Food and Agricultural Organization (FAO), Rome has recommended these advisories by including them as ‘Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries’ under the Asia-Regional initiatives.

Notes:
Several states in India including Uttar Pradesh, Madhya Pradesh, Maharashtra, Odisha and Goa have relaxed the provision of the Factories Act, 1948 and increased the working hours of labourers, after facing a shortage of workers following the lock-down.
Recently, Odisha and Maharashtra labour departments exempted their industries from four sections of the Factories Act, 1948, related to working hours of the staff, till June 30. Uttar Pradesh suspended key labour laws for three years through an ordinance. With the approved exemption, employers can allow labourers to work in two shifts of 12 hours each.

Notes:
May 11 is celebrated as National Technology Day in India every year, to mark the day on which India conducted its nuclear tests at Pokhran, Rajasthan in the year 1998.
India conducted its first nuclear test, codenamed “Smiling Buddha” in 1974. In 1998, under the code name Operation Shakti, the next nuclear mission was carried out. Dr APJ Abdul Kalam led the scientific team which carried out the nuclear weapon tests on May 11. At present, India is among eight countries in the world that own a nuclear weapons program.

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.