Current Affairs Quiz - May, 2020

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:
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:
The Indian Council of Medical Research, ICMR and National Centre for Disease Control proposed to launch a population-based sero-survey at district level.
This operation is to be done in collaboration with key stakeholders and State Health Departments. It involves testing the blood serum predominantly. All population groups including outpatient attendees, pregnant women and health care workers will be tested.

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.

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:
As per the recent report by the Centre for Monitoring Indian Economy (CMIE), nearly 6 Crore Indian workers in the age group of 20-39 lost their jobs in April. It revealed that 12 crore jobs had been lost because of the lockdown.
As per the report, more than 2.7 crore young people in the age group 20-29 lost their jobs last month. Also, more than 3.3 crore people in the age group 30-39 lost their jobs. 11% of the young workers in the age group of 20-24 years, who accounted for 8.5% of total employed people in the country in 2019-20, lost their jobs.

Notes:
The Chief Minister of Maharashtra Uddhav Thackeray and eight other candidates were recently declared to be elected unopposed to the State Legislative Council.
Uddhav Thackeray, who was sworn in as the Chief Minister on November 28 last year, required to become a member of either Houses of the state legislature before May 27, 2020. The eight other candidates also include Council Deputy Chairperson Dr Neelam Gorhe among others. They would be officially sworn-in after the official notification is released.

Notes:
In the second tranche of the economic stimulus package, the Finance Minister proposed that the Government will launch a scheme under Pradhan Mantri Awas Yojana-PMAY.
The scheme aims at providing ease of living at affordable rent for migrant labour/urban poor. It proposes to convert government funded housing in the cities into Affordable Rental Housing Complexes (ARHC) under PPP mode. The scheme will also incentivize industries and State Government Agencies and Central Government Organizations to develop ARHCs and operate them.

Notes:
The United Nations recently released the World Economic Situation and Prospects report. As per the report, the global gross domestic product (GDP) is estimated to shrink by 3.2 per cent in 2020.
The report also estimated that India would grow by 1.2 per cent by 2020 due to the effect of the national lock-down. UN had already projected a lower growth rate of 4.1 per cent for the year 2019. The organisation also projected that India would slowly regain its growth rate and reach 5.5 per cent in the year 2021.

Notes:
Asian Infrastructure Investment Bank (AIIB) signed a USD 145 million agreement with the Government of India and West Bengal Government for a project.
The project aims to improve the irrigation services and flood management in the Damodar Valley Command Area in West Bengal. The total value of the project is over 413 million dollars and will benefit about 27 lakh farmers from five districts of the state.