Current Affairs Quiz - May, 2020

Notes:
As a part of the economic stimulus package, the Government has revised the definition of Micro, Small and Medium Enterprises (MSMEs). The revised guidelines introduced a new criterion called ‘Annual turnover’.
For micro enterprises, the classification covers up to Rs 1 crore in investment and Rs 5 crore in turnover. Earlier, it was investment of 25 lakh in manufacturing and 10 lakh in services. 10 Crore investment and 50 Crore turnover is the criteria for Small enterprises and 20 Crore investment and 100 Crore turnover is the criteria for Medium enterprises.

Notes:
Ministry of Human and Resource Development has developed an e-Governance platform, SAMARTH- Enterprises Resource Planning (ERP).
The platform has been developed under National Mission of Education in Information and Communication Technology Scheme (NMEICT). SAMARTH is an open source automation engine for Universities and Higher Educational Institutions. It has been launched at National Institute of Technology, Kurukshetra, to automate the processes of the Institute.

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 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:
One among the stimulus measures announced by the Finance Minister was promoting the defence Production under its ‘Make in India’ initiative, as the foreign direct investment (FDI) limit was raised from 49% to 74% under the automatic route.
The Minister also announced that the government will notify a list of weapons and platforms that will not be imported and will only be purchased from domestic industries. Every year, this list will be expanded in consultation with the armed forces. It was also proposed to corporatize the Ordnance Factory Board.

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.

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:
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 National Hydrographer to the government of India, Vice Admiral Vinay Badhwar, has been conferred with the 2019 Alexander Dalrymple Award.
The award has been given for his significant contribution to Indian hydrography and across the Indian Ocean region. The award is presented to the personalities who contribute in raising the standards of hydrography, cartography and navigation around the world. It was first presented in 2006 by the UK Ministry of Defence-sponsored UKHO (UK Hydrographic Office).

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.