Current Affairs Quiz - May, 2020

Notes:
Under the Rebate of State Levies (ROSL) Scheme, exporters can claim refunds from the Centre for all the levies and duties they pay at the State level. It was extended only to exporters of apparel and made-ups.
It was discontinued last year and replaced with the Rebate of State and Central Taxes and Levies scheme (RoSCTL). Recently, ₹464.13 crore has been allocated for issue of duty credit scrips (certificates) by the DGFT to exporters who have pending claims under the ROSL scheme.

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:
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:
French cybersecurity researcher and ethical hacker Robert Baptiste who writes in the pseudonym Elliot Alderson on Twitter, warned about the security issues in the Aarogya Setu application. He also explained how the application could be manipulated to retrieve data of people infected in a given area.
As per the recent announcement of the Indian government, more than 90 million people have downloaded the application. However, the team of Aarogya Setu assured that no data or security breach has been identified.

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:
The World Thalassaemia Day is observed every year across the world on May 8. It is observed with an aim of creating awareness about a blood disorder called Thalassaemia.
Thalassaemia is a genetic blood disorder that affects the production of haemoglobin. Lesser red blood cells and low haemoglobin are the effects of this disorder. This year the theme is “The dawning of a new era for thalassaemia: Time for a global effort to make novel therapies accessible and affordable to patients”.

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:
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.