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:
The evacuation exercise of India, considered to be one of the largest, has been named the ‘Vande Bharat Mission’, will engage about 64 flights to bring home Indian nationals stranded abroad.
Several countries including the UAE, Saudi Arabia, UK, Singapore and the US will be covered. In the first week of repatriation, the Gulf countries will be focussed. The highest number of flights to bring back people, were allotted for the states of Kerala (15), Tamil Nadu (11) and Delhi (11).

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:
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:
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:
As a part of the humanitarian aid and disaster relief (HADR) outreach of the Indian Navy, the armed force has deployed five of its biggest amphibious warfare vessels on a mission to provide essential supplies to friendly Indian Ocean Region (IOR) countries.
Indian Naval Ship (INS) Kesari, INS Jalashwa, INS Magar, INS Airawat and INS Shardul are deployed in the operations. On their return journey some of them will bring back the stranded Indian nationals in those countries.

Notes:
Moody’s Investors Service has recently projected India’s growth at zero per cent for the current fiscal 2020-21.
It had estimated a growth of 4.8 per cent for the last fiscal year. Last month the ratings agency estimated that the Indian economy would grow at 0.2 per cent. It had also provided a ‘Baa2’ rating for India, which represents moderate credit risk. It also said that India would regain its growth rate at 6.6 per cent in the 2021-22 fiscal.