Current Affairs Quiz - May, 2020

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 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:
New Development Bank (NDB) was established by the BRICS (Brazil, Russia, India, China, South Africa) countries in 2014. Its headquarters is Shangai and is headed by veteran Indian K V Kamath.
BRICS’ New Development Bank was seen in news recently, as it has provided $1 billion loan to India to fight COVID-19. The complete emergency funds have been disbursed by the development institution, to help India in containing the human and economic losses due to Covid-19.

Notes:
Union Finance Minister Nirmala Sitharaman recently proposed Rs 50,000 crore of liquidity by reducing the TDS and TCS rates for certain payments including interest, dividend, rent payments and other payments by non-individuals.
The rates of Tax Deduction at Source (TDS) for non-salaried payments made to residents and rates of Tax Collection at Source (TCS) for receipts will be reduced by 25 per cent of the existing rates. This reduction in rates will be effective from 14.05.2020 to 31.03.2021.

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 state of Kerala has commenced training for primary schoolteachers via its KITE Victers channel. Minister of General Education and Chief of Disaster Risk Reduction of UN Environment Programme (UNEP) addressed the inaugural classes.
More than 81,000 primary and upper primary teachers are expected to participate in this training exercise. Prior to this, the teachers were given training to use online and virtual facilities. Under this program, classes on social consciousness and social science will be held. Besides the channel, the programmes will be available on their website and KITE VICTERS mobile app.

Notes:
The Ministry of Agriculture and Farmers Welfare recently released the 3rd Advance Estimates of production of major crops for 2019-20.
As per the estimates, the total food-grain production in the country is estimated at record 295.67 million tonnes in the 2019-20 crop year. This projected production is higher by 10.46 million tonnes from previous year. The total production of Rice and Wheat during 2019-20 is estimated at around 118 million tonnes and 107 million tonnes respectively.

Notes:
Operation Greens was introduced in 2018, under the Ministry of Food Processing Industries, with a main aim to enhance value realisation of TOP (Tomatoes, Onion and Potatoes) farmers by strengthening production clusters and FPOs and to connect them with market.
In the recent stimulus package, it was announced that Operation Greens will be extended from Tomatoes, Onion and Potatoes (TOP) to ALL fruits and vegetables (TOTAL), as a pilot project for 6 months. 50% subsidy on transportation from surplus to deficient markets and 50% subsidy on storage, including cold storages will be provided.

Notes:
The World Trade Organisation (WTO) recently announced that its Director-General of Roberto Azevedo will step down on August 31, 2020 on personal grounds. This is a year before the end of his second term as he has completed 7 years as the WTO chief.
The Geneva-based World Trade Organisation (WTO) was founded in the year 1995 and India is one of the founder members of this body. The main objective of WTO is to frame rules for global exports and imports and regulate international trade by reducing barriers.

Notes:
As a part of the economic stimulus package, the Union Finance Minister proposed that the Electricity distribution companies (Discoms) in the Union Territories (UTs) would be privatised.
As of now, Delhi is the only Union Territory which has private power Discoms namely Reliance Infrastructure’s BSES and Tata Power Delhi Distribution. Earlier, the draft amendments to the Electricity Act, 2003 were announced, which included the proposal of private participation in electricity distribution.