Current Affairs Quiz - May, 2020

Notes:
Ecowrap is the research report of India’s largest lender State Bank of India. Recently, SBI released its latest Ecowrap report.
It has revised the baseline fiscal deficit to 7.9 per cent of the revised GDP in FY21, which is more than double to its previous estimate. The report had earlier estimated the fiscal deficit as 3.5 % of GDP. The reason for the revision is due to the lower revenues and higher expenditure against the backdrop of Covid-19 pandemic.

Notes:
Compensatory Afforestation Fund Management and Planning Authority (CAMPA) was set up under Environment Ministry to promote afforestation activities as a way of compensating for forest land diverted to non-forest uses.
In the economic stimulus package, it was proposed that plans worth Rs 6000 crores of CAMPA funds will be approved shortly. The funds will be used for afforestation and plantation works, forest protection and job opportunities in urban, semi-urban and rural areas and for Tribals /Adivasis.

Notes:
The President of Afghanistan Ashraf Ghani and his political rival Abdullah Abdullah have recently signed a power-sharing agreement.
This political step has been finalised two months after both the leaders declared themselves the winner of the presidential election held last September. As per the spokesperson, the political deal seeks Ghani to remain the Afghan President and Abdullah to lead the country’s National Reconciliation High Council.

Notes:
International Museum Day is celebrated every year across the world on May 18, for the last 40 years. This year the theme of the International Museum Day is ‘Museums for Equality: Diversity and Inclusion’.
The objective of celebration of this day is to raise awareness about the importance of Museums in cultural exchange and mutual cooperation and peace among people. Development of Museums and Cultural Spaces of the Culture Ministry hosted a webinar on ‘Revitalising Museums and Cultural Spaces’ on the International Museum Day.

Notes:
About 88 Nobel laureates across the world including the Indian Nobel prize winner Kailash Satyarthi united and called for governments to spend USD 1 trillion for marginalised children, during the lock-down imposed due to Covid-19.
Other notable personalities who signed this agreement were Former UK Prime Minister Gordon Brown, Human rights activist Desmond Tutu, among others. The assistance would cancel two years of debt repayments from low-income countries and fund 2 years of the global gap to meet the Sustainable Development Goals (SDGs).

Notes:
The International Cricket Council (ICC) cricket committee headed by Anil Kumble has recommended the ban of saliva to shine the ball, amidst the coronavirus pandemic.
Anil Kumble is the present Chairman of the ICC Cricket committee. After discussion through video-conferencing and consulting with the ICC Medical Advisory Committee, the committee has recommended this ban. It also announced that usage of sweat to polish the ball was not prohibited and the hygiene measures in the field need to be improved.

Notes:
The Cabinet of Nepal has recently approved their new political map including Lipulekh, Kalapani and Limpiyadhura under its territory.
Nepal’s Foreign Minister Pradeep Kumar Gyawali announced that the official map of Nepal will be released by the Ministry of Land Management soon. The announcement has been made amid a border dispute between India and Nepal. Both the countries claim Kalapani as an integral part of their territory.

Notes:
As a part of the stimulus package, the Union Minister announced the auction of Coal Bed Methane (CBM) blocks from Coal India and auction of 50 coal blocks immediately for commercial mining.
Coal Bed Methane (CBM) is a form of natural gas extracted from coal beds. Recently, Coal India has appointed its exploration arm, Central Mine Planning and Design Institute (CMPDIL) as its principal implementing agency to auction CBM extraction rights for all new mines. The auction will be based on a revenue sharing basis.

Notes:
India recently observed the 46th anniversary of its first nuclear test in Rajasthan’s Pokhran, conducted on May 18.
The peaceful first nuclear was codenamed the ‘Smiling Buddha’, which proclaimed India as a nuclear power. As the test was conducted on the Buddha Poornima of that year, the event was codenamed after Buddha. Indira Gandhi was the Prime of Minister of India during the tests and it was the first confirmed nuclear test by a country that was not a permanent member of the UNSC.

Notes:
Veteran in Indian Steel Industry, CEO of Arcelor Mittal Nippon Steel India, Dilip Oommen took over as the President of the Indian Steel Association (ISA).
Earlier, T V Narendran the Managing director of Tata Steel, resigned from the post of President of ISA. An extra-ordinary board meeting decided the unanimous appointment of Dilip Oommen as the President for the next two years.