Current Affairs Quiz - May, 2020

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:
West Bengal supplies about 95 per cent of the jute bags used across the country, mainly in packaging of food-grains. As the lock-down has stopped the production of jute bags in the state, the Food Corporation of India faces a shortage of bags.
Union Food Minister Ram Vilas Paswan announced that the government has allowed packaging of food-grains in used gunny sacks and plastic bags during the ongoing procurement season. A task force has been constituted by the Ministry to assess the shortage of jute bags for packaging amid the lock-down.

Notes:
Every year the International Nurses Day is celebrated on May 12. It is celebrated to mark the birth anniversary of Florence Nightingale. 2020 also marks the 200th birth anniversary of Florence Nightingale. World Health Organization (WHO) has declared 2020 as the ‘Year of the Nurse and the Midwife’.
This year, the theme of the International Nurses Day is “Nursing the World to Health”. As per the WHO, Nurses account for more than half of health workers and still 5.9 million more nurses are needed across the world.

Notes:
Betty Wright, the Grammy winner recently passed away in her hometown Miami, Florida, as per her family sources.
The singer’s real name was Bessie Regina Norris and she was born in 1953. She started her singing career in a musical group called the ‘Echoes of Joy’. The biggest hit of her career was the album named “Clean Up Woman”, which was released when she was eighteen. She won her first Grammy Award for her song, “Where is the Love?”, at the age of 23. She continued her song writing and music production for several years.

Notes:
The Index of Industrial Production (IIP) is an index published by the Central Statistical Organisation (CSO), MoSPI every month. It shows the growth rate of industry groups in the economy such as manufacturing and electricity.
Recently, the IIP of March recorded a sharp decline of 16.7 per cent to 120.1 in the month of March. The data also showed that the industrial growth during the fiscal year 2019-20 slipped 0.7 per cent, against the 3.8 per cent rise in 2018-19.

Notes:
As per the recent analysis of World Economic Forum, the CO2 emissions of India have dropped for the first time in over 40 years.
WEF highlighted that the fall in emissions is due to the economic slowdown and growth in the renewable energy sector. Emissions dipped by around 1% in the fiscal year 2019-20. In the month of March, the emissions fell by 15% and it is expected to have fallen 30% in April 2020. As the pandemic has cut the electricity demand, coal consumption also flatlined.

Notes:
The Union Minister announced ₹90,000 crore one-time liquidity injection for fund-starved DISCOMs. This will be used to pay the central public sector power generation companies, transmission companies, independent power producers and renewable energy generators.
PSUs Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) will infuse the liquidity by raising an amount of about ₹90,000 crore from the market against the receivables of DISCOMs. The state governments are expected to provide a guarantee for the fund.

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:
World Bank has recently approved USD 1 billion ‘Accelerating India’s COVID-19 Social Protection Response Program’.
The program aims to support India in fighting Covid-19 and providing assistance to the poor and vulnerable people of the country who are affected by the pandemic. Last month, the World Bank had announced a USD 1 billion support for India and hence this step raises its total commitment for India to USD 2 billion, as of now.

Notes:
According to the Computer Emergency Response Team of India (CERT-In), the national technology arm to prevent cyber-attacks, android users who use mobile banking in mobile phones might be vulnerable to a new malware called ‘EventBot’.
The authorities also announced that the new malware steals personal and sensitive information of the users. It also warned that the Trojan virus may project itself as a genuine application such as MS Word and enter into the victim’s device. To combat the malware, CERT-in has advised users not to download applications from untrusted sources.