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:
As per the recent reports, the Parliament of Iran has passed a bill to allow the Government to change the national currency from Rial to Toman.
Since 2017, the value of Iranian currency fell after heavy U.S. sanctions, which led to huge inflation and resultant street protests across the country. Now under the bill, the Government will slash four zeroes from the from its currency ‘Rial’. This bill should be approved by the clerical body before coming into effect.

Notes:
Pradhan Mantri Bharatiya Janaushadhi Kendras (PMBJK) which functions under the Union Ministry of Chemicals and Fertilizers have started accepting the orders for medicines on WhatsApp and e-mail. The prescriptions uploaded online are delivered at the doorsteps of the users.
Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) was launched with an aim of providing quality generic medicines to the people at affordable rates. At present there are over 6300 PMBJKs operating in 726 districts across the country.

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:
The National Anti-Doping Agency, a national organisation under the Ministry of Sports announced that it would conduct its disciplinary hearings online. It is responsible for promoting and monitoring the doping control programs in all forms of sports in India.
Anti-Doping Disciplinary Panel (ADDP) and Anti-Doping Appeals Panel (ADAP) will start hearing cases online, due to the lockdown imposed. NADA will also launch an application to create awareness about anti-doping.

Notes:
The United Nations along with its partner agencies has launched a USD 6.7 billion global appeal to fight the COVID-19 pandemic.
The UN also updated a global plan to fight the COVID-19 in fragile and more vulnerable countries. The plan includes nine more vulnerable countries including the Philippines, Togo and Zimbabwe, beyond the 54 countries covered in the original appeal-the COVID-19 Global Humanitarian Response Plan.

Notes:
The World Migratory Bird Day is celebrated on May 9 every year, across the world. The theme of the World Migratory Bird Day 2020 is ‘Birds Connect Our World’.
The day is celebrated to raise awareness about conservation and ecological importance of migratory birds in the global ecosystem. The day was first introduced in the year 2006 and since then several awareness events and bird watching events for bird enthusiasts will be conducted on the day.

Notes:
Due to the outbreak of African swine fever (AFS), more than 13,000 pigs have died in the last few days in nine districts of Assam. The officials have dug a two km long canal inside Agoratoli range to prevent wild boars from going to nearby villages and domestic pigs from entering.
According to a 2019 census, the pig population in the state was 21 lakhs which has become 30 lakhs now. This outbreak has affected the livelihood of hundreds of people involved in the animal husbandry.

Notes:
A team of astronomers using the Chile-based La Silla Observatory of the European Southern Observatory (ESO) has recently discovered the nearest black hole from Earth.
This triple-structure black hole named as HR 6819, is located just 1000 light-years from Earth. Unlike the other black holes that have been detected till date, HR 6819 does not actively interfere with their surroundings. The team was able to distinguish its existence and measure its mass.