Current Affairs Quiz - May, 2020

Notes:
Union Health Minister along with the Union AYUSH Minister launched the clinical research studies on Ayurveda interventions as an add-on to the standard care in tackling COVID 19. This will be a joint initiative of Ministry of AYUSH, Ministry of Health and Family Welfare and the Ministry of Science & Technology through CSIR.
They also launched the Ayush Sanjivani application developed by the AYUSH Ministry, with an aim of generating data on acceptance and usage of AYUSH recommendations among the public and record their impact in prevention of COVID 19.

Notes:
Recently, the Personal Protective Equipment (PPE) designed and produced by the Indian Navy has been certified for mass production and clinical usage.
The PPE has been developed by the team of Innovation Cell, Institute of Naval Medicine, Mumbai and the Naval Dockyard Mumbai. INMAS (Institute of Nuclear Medicine and Allied Sciences) Delhi, an authorised DRDO organization has tested and certified the PPE. The benchmarks of testing are set by the ICMR and the Health Ministry.

Notes:
Union Defence Minister Rajnath Singh recently inaugurated the strategically important Ghatiabagar-Lipulekh motor road.
The road connects the last Indian post on the Indo-China border in Uttarakhand’s Vyas valley. The construction of the road commenced in 2008 and was scheduled to be completed in 2013, but it was delayed due to the tough terrain. The Kailash-Mansarovar Yatra from Lipulekh pass is more convenient for pilgrims, after the road has been commissioned.

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:
The government has recently raised its gross market borrowing target for the current financial year to Rs 12 lakh crore.
As per the latest budget estimate, the target was Rs 7.8 lakh crore for the current fiscal year. The increase in the target accounts for more than 50% increase from the estimate. The decision has been taken at the backdrop of the Covid-19 outbreak that has crippled the economy. Lower tax collections and the fiscal stimulus required are the reasons for the increased borrowing.

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:
International Organization for Migration (IOM) is an intergovernmental organization that provides services and advice regarding migration to governments and migrants. It is headquartered at Grand-Saconnex, Switzerland.
Recently, the Director-General of the UN migration agency Antonio Vitorino said in a notification that thousands of migrants have been stranded all over the world and they face an increased risk of COVID-19 infection. The agency also advised the governments to allow health care and screening available to all migrants.

Notes:
The social security scheme of Government of India ‘Atal Pension Yojana’ (APY) has completed five years of successful implementation. The scheme has witnessed 2.23 Crore enrolments since its launch.
It was launched in the year 2015 by the Indian Prime Minister to deliver a minimum guaranteed pension to workers in unorganised sector. The Pension Fund Regulatory and Development Authority (PFRDA) administers the scheme.

Notes:
A team of Indian Institute of Technology (IIT) and Stanford alumni have developed a technology named “Airlens Minus Corona”. It has received certification from the National Accreditation Board for Testing and Calibration Laboratories (NABL).
It is an ‘intelligent robot’ machine that can travel to hospitals and other crowded public places and disinfect surfaces with a water-based technology. Unlike the alcohol-based or UV-based method, the technology works on the basis of ‘Water Electro Activation’ technique. Charged or ionised water droplets will kill the virus by destroying its proteins.

Notes:
As per the recent analysis of World Economic Forum, the CO2 emissions of India have dropped for the first time in over 40 years.
WEF highlighted that the fall in emissions is due to the economic slowdown and growth in the renewable energy sector. Emissions dipped by around 1% in the fiscal year 2019-20. In the month of March, the emissions fell by 15% and it is expected to have fallen 30% in April 2020. As the pandemic has cut the electricity demand, coal consumption also flatlined.