Current Affairs Quiz - May, 2020

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:
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:
Pune-based National Institute of Virology under the Indian Council of Medical Research has successfully developed the first indigenous antibody detection kit for Covid-19 named ‘Covid Kavach Elisa’.
Technically, it is an anti-SARS-CoV-2 human IgG ELISA (enzyme-linked immunosorbent assay) test kit for detecting coronavirus. As per the Union Health Ministry, the kit can test up to 90 samples together in 2.5 hours. This is expected to ramp up the testing speed in the country.

Notes:
Bureau of Police Research and Development (BPRD) was established under Ministry of Home Affairs in 1970, as a think-tank with the objective of modernization of police force.
Recently BPRD released a 40-page manual titled ‘Fake News and Disinformation: How to Spot and Investigate’ to help investigators and police officers to identify fake news aimed at spreading communal hatred among the people.

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 TVS group and the Sundaram Medical Foundation collaborated with IIT-Madras to develop an affordable and automated respiratory assist device called The Sundaram Ventago.
This device has been developed in collaboration with hospitals like Madras Medical College and Kauvery Hospital along with guidance from institutions like MIT-Boston. The device uses automated squeezing of a self-inflating bag or AMBU bag to provide respiratory support to patients.

Notes:
The Indian Council for Cultural Relations (ICCR) is an autonomous organisation of Union Ministry of External Affairs. Its main objective is to build cultural relations with other countries.
Recently, ICCR released a song titled “United We Fight” featuring famous musicians like Usha Uthup and Joe Alvares, as a part of its efforts to instil hope among Indians in their fight against COvid-19. The song was written and composed by Joe Alvares and sung by several famous singers from across the country.

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.