Current Affairs Quiz - May, 2020

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.

Notes:
The Union Minister announced ₹90,000 crore one-time liquidity injection for fund-starved DISCOMs. This will be used to pay the central public sector power generation companies, transmission companies, independent power producers and renewable energy generators.
PSUs Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) will infuse the liquidity by raising an amount of about ₹90,000 crore from the market against the receivables of DISCOMs. The state governments are expected to provide a guarantee for the fund.

Notes:
The video-conference of foreign ministers of the Shanghai Cooperation Organisation (SCO) was recently held in the backdrop of the coronavirus pandemic. Indian External Affairs Minister S Jaishankar represented India.
SCO has eight member states including namely India, Kazakhstan, Kyrgyzstan, China, Pakistan, Russia, Tajikistan, and Uzbekistan. The SCO summit which was scheduled to be held in the month of July, 2020 at the Russian city St. Petersburg is expected to be held as per the schedule.

Notes:
The World Health Organisation recently released its flagship annual report ‘Global Nutrition Report’. The report highlighted that India and 87 other countries are likely to miss the global nutrition targets by 2025.
It also revealed that India has the highest rates of domestic inequalities in malnutrition. India would miss targets for all four nutritional indicators including stunting among under-5 children, anaemia among women of reproductive age, childhood overweight and exclusive breastfeeding. It also said that 37.9% of children under 5 years are stunted and 20.8% are wasted.

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 Bahraich forest division of Uttar Pradesh released about forty gharials in the Ghaghara river, a major left bank tributary of the Ganges.
The scientific name of Gharials is Gavialis gangeticus and are commonly called as fish-eating crocodiles. The Turtle Survival Alliance (TSA) India supports the exercise of collecting the eggs, hatching at the Kukrail centre and releasing them in the river. Gharials are critically endangered in the International Union for Conservation of Nature Red List of Species.

Notes:
The Union Finance Minister launched a scheme named ‘PM e Vidya’, as a part of the Stimulus package, in order to promote digital education in the country.
This comprehensive program will include DIKSHA (one nation-one digital platform), through which quality e-content will be provided to all school children; a dedicated educational channel for each class from 1 to 12; Community Radio and CBSE’s Shiksha Vani podcast. It also includes study material for the differently abled developed on Digitally Accessible Information System (DAISY).

Notes:
As a part of the economic stimulus package, the Union Finance Minister launched an initiative called ‘Manodarpan’, which aims to provide psychosocial support to students, teachers and families, at the backdrop of the global pandemic, the time when students, teachers and their families need support for their mental well-being.
The initiative is proposed to be launched through a website, a toll-free helpline through a national directory of counsellors. In another step, top 100 universities are allowed to start online courses and online component in conventional Universities and programmes will also be raised from present 20% to 40%.

Notes:
The Union Finance Minister recently announced to raise the minimum threshold to initiate insolvency proceeding to Rs 1 crore from the present limit Rs 1 lakh to benefit MSMEs.
This move will give relief to the companies that default on loans due to the Covid-19 stress. It was also announced that no fresh insolvency will be initiated for one year under the Insolvency and Bankruptcy Code and the Covid-19 related debt will be excluded from the definition of default. She also proposed decriminalisation of the Companies Act for violations involving minor technical and procedural defaults.

Notes:
As a part of the economic stimulus package, the Centre has increased the borrowing limit of states to 5% of Gross state domestic product (GSDP) in 2020-21.
The present limit of the state’s borrowing is 3% of their corresponding GSDP. This move is expected to make an additional Rs 4.28 lakh crore available to the states. But, the additional borrowing beyond the 3.5% of GDSP limit shall be linked to specific reforms carried out by the states, including ‘One Nation, One Ration card,’ ease of doing business and power distribution etc.