Current Affairs Quiz - May, 2020

Notes:
The national public health institute of the United States, Centers for Disease Control and Prevention (CDC) has committed $3.6 million to assist India’s response to the COVID19 pandemic.
This initial tranche of funding will help India to strengthen and support the efforts of India to increase laboratory capacity for SARS-COV-2 testing. The CDC India program will also provide technical assistance for India’s response for the ongoing crisis emergency.

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:
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:
Every year, the United Nations Educational, Scientific and Cultural Organization (UNESCO) celebrates the International Day of Light (IDL) on 16 May, to raise awareness on the role of light-based technologies.
The day marks the anniversary of the first successful operation of the laser in 1960 by physicist and engineer, Theodore Maiman. The UN observed International Year of Light and Light-based Technologies in 2015. After the success, it was proposed to celebrate a specific day and the first IDL was held on May 16, 2018.

Notes:
The Social-media giant Facebook has recently acquired the popular GIF-making and sharing website GIPHY. Facebook is also planning to integrate its GIF library Instagram, its photo-sharing app.
GIPHY, one of the most popular GIF-making and sharing sites on the internet, allows users to create, share and remix GIFs. Several platforms including Apple, Twitter, Pinterest and Reddit use Giphy’s API for providing GIFs.

Notes:
Every year, May 16 is being observed by the Union Health Ministry as ‘National Dengue Day’ across the country.
Dengue is a viral disease, which is transmitted by the infective bite of a specific mosquito called as Aedes Aegypti. It is commonly spread during rainy season and it is highly contagious through mosquito bites. The Ministry recently released a list of measures to be followed in order to prevent the disease.

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:
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:
Bundesliga, the professional football league in Germany is the first tournament to resume after the Covid-19 pandemic.
The German Football Association (DFL) has planned to complete the season by June 30. The German government approved the league to conduct the matches. On March 13, the Bundesliga was suspended owing to the pandemic. Now, all games will be held behind closed doors as there is a ban in Germany for mass gatherings. Bundesliga is known for the world’s highest average audience in the stadium.