Current Affairs Quiz - May, 2020

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:
‘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:
The United Nations Environment Programme (UNEP) has recently extended the term of Bollywood star and environmentalist Dia Mirza, as its National Goodwill Ambassador for another two years.
Dia Mirza is also an advocate of United Nations Sustainability Development Goals. She was famous for her #BeatPlasticPollution campaign when she was the UNEP Goodwill ambassador for the first time.

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:
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:
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.

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:
Recently, about 2 Crore Olive Ridley turtle hatchlings walked into the sea from Odisha’s coast. The turtles settle at the Gahirmatha and Rushikulya rookery in the state and lay eggs every year.
Several lakhs of turtles lay eggs on the coast, in a phenomenon called Arribada. These hatchlings will grow up and said to return to the same place for laying their eggs. The turtles get their name from the colour of its olive-green shell. As per the World Wildlife Fund, they are the most abundant of all sea turtles but they are vulnerable because they nest in only a few places.

Notes:
The Union Budget 2020 proposed to reduce the stay period of an individual in India to 120 days, from the previous 182 days. But this reduction is only applicable to persons with less than Rs 15 lakh as Indian income during the Financial year.
Recently, Finance Ministry allowed a relief in determining the residential status during 2019-20, where a person came to India before 22nd March, 2020 and was unable to leave India on or before 31st March 2020, his period of stay in India from 22nd March to 31st March shall not be taken into account. Otherwise they shall have to file tax returns as Indian residents.

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.