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:
As per the recent notification of the Reserve Bank of India, the government has appointed Economic Affairs Secretary Tarun Bajaj as a Director on the central board of Reserve Bank of India (RBI), with effect from May 5 until further orders.
Tarun Bajaj is set to replace the position held by Atanu Chakraborty, who superannuated on April 30. Tarun Bajaj is a 1988 batch IAS officer and has held several crucial positions including Additional Secretary in Prime Minister’s Office and Director in the Department of Financial Services.

Notes:
When a polymer plant in Vishakhapatnam resumed its operations after lock down, there was a leakage of styrene gas, that has killed about 11 people. Thousands of people were evacuated from around the plant and many of them were hospitalised.
The styrene gas is a poisonous, inflammable gas used in plastic engineering industry, which caused nausea and dizziness. As per the experts, the gas could have triggered a series of explosions from the LG Polymers plant, which manufactures polystyrene.

Notes:
‘Mukhyamantri Yuba Yogayog Yojana’ is a welfare scheme of the state of Tripura. It was seen in news as the state’s Chief Minister Biplab Kumar Deb launched an online portal scholarships.gov.in as a part of the scheme.
Under the scheme, the students who are in final year in colleges or Universities can apply through the portal and the state government will provide Rs. 5,000 as a grant for smart phone. More than 14000 students will be benefitted by this scheme.

Notes:
The first Nobel Peace Prize Henri Dunant of Switzerland for founding the International Red Cross Movement and initiating the Geneva Convention.
World Red Cross Day or World Red Cross and Red Crescent Day is celebrated on May 8 every year, which marks the birth anniversary of Henry Dunant. The International Committee of the Red Cross (ICRC) established by him, works for the welfare of the people across the world.

Notes:
The Indian Council of Medical Research, ICMR and National Centre for Disease Control proposed to launch a population-based sero-survey at district level.
This operation is to be done in collaboration with key stakeholders and State Health Departments. It involves testing the blood serum predominantly. All population groups including outpatient attendees, pregnant women and health care workers will be tested.

Notes:
The FIFA U-17 Women’s World Cup was originally scheduled to be held in India from November 2-21 in 2020 and was subsequently postponed due to the pandemic.
Recently, FIFA announced that the World Cup tournament has been rescheduled to February 17-March 7, 2021. It was originally planned to be held across five host cities of India namely – Navi Mumbai, Guwahati, Ahmedabad, Kolkata and Bhubaneswar. The original eligibility criteria of the players will be followed.

Notes:
The Food and Agriculture Organization (FAO), a specialised agency of the United States has recently released a report titled ‘Global Forest Resources Assessment 2020 (FRA 2020)’. The report examines the status of 236 countries in the period 1990-2020.
The report highlighted that the forest area has declined all across the world in the past three decades. The rate of forest loss in 2015-2020 declined to an estimated 10 million hectares, down from 12 million hectares in 2010-2015. The report also revealed that the world lost 178 mha of forest since 1990, which is the size of Libya.

Notes:
The World Health Organisation recently released its flagship annual report ‘Global Nutrition Report’. The report highlighted that India and 87 other countries are likely to miss the global nutrition targets by 2025.
It also revealed that India has the highest rates of domestic inequalities in malnutrition. India would miss targets for all four nutritional indicators including stunting among under-5 children, anaemia among women of reproductive age, childhood overweight and exclusive breastfeeding. It also said that 37.9% of children under 5 years are stunted and 20.8% are wasted.

Notes:
According to the latest Transparency Report released by Facebook, government requests for user data increased by 9.5% during the second half of 2019. United States topped the list with 51,121 requests for user data. It is followed by India and UK.
The report also revealed that India topped the list for internet disruption affecting Facebook services during both the first and second half of 2019, accounting for 40 disruptions. Also, the number of user data requests from the Indian government to Facebook increased 28% during the second half of 2019.