Current Affairs Quiz - May, 2020

Notes:
The Think tank of the country NITI Aayog in coloration with Mumbai-based Piramal Foundation has launched a campaign ‘Surakshit Dada-Dadi & Nana-Nani Abhiyan’.
The campaign focusses on ensuring well-being of senior citizens during the COVID-19 pandemic. This is expected to cover as many as 29 lakh senior citizens in 25 aspirational districts named by NITI Aayog. This project is currently piloted in seven states and will create awareness about the health and lifestyle of elder people.

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:
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:
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:
Amidst the Covid-19 outbreak, ICAR-Central Institute of Fisheries Technology (ICAR-CIFT), Kochi prepared advisories for the benefit of the fishing fraternity in 10 different regional languages. ICAR-Central Inland Fisheries Research Institute (ICAR-CIFRI), Barrackpore prepared advisories for the stakeholders involved in freshwater fishing.
The Food and Agricultural Organization (FAO), Rome has recommended these advisories by including them as ‘Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries’ under the Asia-Regional initiatives.

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.

Notes:
India International Exchange Limited (India INX) is India’s first international stock exchange located in Gujarat International Finance Tec-City (GIFT) city and is a subsidiary of Bombay Stock Exchange (BSE).
Recently the Union Finance Minister launched INR-USD futures and options contracts on the two international exchanges — BSE’s India INX and NSE’s NSE-IFSC, at GIFT city, Gandhinagar. This decision of allowing rupee derivatives will bring the rupee trading to our country, which are presently dominated by exchanges in Dubai and Singapore.

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:
Coir Board, a statutory body under the Ministry of Micro, Small and Medium Enterprises has recently signed an MoU with the Indian Institute of Technology-Madras, to establish a Centre of Excellence for Coir Applications.
As per the announcement of the MSME Ministry, Coir Board will provide a financial assistance of five crore rupees for two years for the establishment and running of the Centre of Excellence. The Centre will take up and develop the Research and Development work done in the coir sector.