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:
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:
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 new Prime Minister of Iraq, Mustafa al-Kadhimi assumed office after the country’s parliament approved a new government. The parliament also approved 15 ministers in a vote of confidence and seven ministries including Foreign affairs and Oil were left empty.
There has been political crisis for more than six months in the country. The two previous nominees for the role of prime minister, Mohammed Tawfiq Allawi and Adnan al-Zurfi failed to secure the required support from cabinet ministers.

Notes:
India launched an outreach initiative named ‘Mission Sagar’, to assist Island nations in the Indian Ocean in tackling the ongoing COVID-19 pandemic.
Indian Naval Ship Kesari has departed for the five island nations: Maldives, Mauritius, Seychelles, Madagascar and Comoros, to deliver Food, Medicines including HCQ Tablets and Special Ayurvedic Medicines, related to Covid-19. A team of select medical personnel was also sent earlier to Maldives to help increase their preparedness.

Notes:
Veteran Indian scholar and historian Hari Shankar Vasudevan passed away recently after contracting Covid-19. He had tested positive for novel coronavirus on May 6.
Professor Hari Vasudevan was working as a UGC Emeritus Professor in the Department of History and China Centre of Calcutta University after his superannuation. He was an important personality in the field of Russian and Central Asian history. He also served as the Director of Maulana Abul Kalam Azad Institute of Asian Studies, institution under Ministry of Culture Govt of India.

Notes:
The Bruhat Bengaluru Mahanagara Palike (BBMP), the city corporation of Bengaluru has launched ‘Pranavayu programme’ to create awareness about self-examination of respiratory health for the city-dwellers.
The programme aims at educating people with low oxygen level in their blood to check themselves at an early stage. Under the programme, several advertisements are published in media about self-examination.

Notes:
China recently won the inaugural $180,000 FIDE Chess.com Online Nations Cup, whereas India settled in the fifth place.
On the basis of highest points in the round-robin stage, China was declared the winner as it drew 2-2 against USA, which bagged the second position. China won 48,000, USA 36,000 and others received $24,000 each. Representing India, Humpy won Olga Girya and P. Harikrishna drew with Sergey Karjakin.

Notes:
Union Micro, Small and Medium Enterprises (MSME) Ministry has launched CHAMPIONS portal www.champions.gov.in.
It is a control room-cum-management information system aimed at assisting Indian MSMEs and solving their grievances. The ‘CHAMPIONS’ stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. It uses advanced technology like AI, Machine Learning and integrated with the Centre’s CPGRAMS grievance portal.

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.