Current Affairs Quiz - May, 2020

Notes:
The TVS group and the Sundaram Medical Foundation collaborated with IIT-Madras to develop an affordable and automated respiratory assist device called The Sundaram Ventago.
This device has been developed in collaboration with hospitals like Madras Medical College and Kauvery Hospital along with guidance from institutions like MIT-Boston. The device uses automated squeezing of a self-inflating bag or AMBU bag to provide respiratory support to patients.

Notes:
The Prime Minister of India recently unveiled a special economic package titled “Atma Nirbhar Bharat Abhiyan” to the tune of Rs. 20 lakh crore. It aims to stimulate the economic activities of the country, ahead of the 4th phase of the lockdown.
The stimulus package also includes Rs 1.7 lakh crore package of free food grains to poor and cash to poor women and elderly, that was announced in the month of March in the name of PM Karib Kalyan Yojana. It also includes the liquidity measures and interest cuts announced by RBI. The Prime Minister said the package will focus on land, labour, liquidity and laws.

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:
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 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:
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:
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:
The Union Defence Minister Rajnath Singh has approved the launch of ‘Defence Testing Infrastructure Scheme (DTIS)’.
The outlay of the scheme is Rs.400 crore and the scheme would be implemented for a term of five years. The scheme aims to set up six to eight new test facilities in partnership with private industry and boost the domestic defence and aerospace manufacturing. The projects will be granted 75 percent funding from the government and the remaining will be borne by the SPVs.

Notes:
The Prime Minister of Sikkim appealed to the Indian Parliament for making Sikkim a state of India, in the year 1975. A referendum was held in Sikkim and 97.5 per cent of the people voted to abolish the monarchy. Sikkim became the 22nd state of the Indian Union, on 16 May 1975.
The 36th amendment of the Indian constitution made Sikkim as a full state of India and added its name in the to the First Schedule of the Constitution. Every year, the state celebrates May 16 as Sikkim statehood day.

Notes:
In its effort to boost the economy and provide work to migrants returning from other states to home villages, the Central government allocated an additional Rs 40,000 crore to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) for 2020-21.
In the Union Budget 2020-21, the total allocation made for MGNREGS was Rs 61500 Crore. Hence with this additional fund, the total allocation of this scheme for the present year becomes Rs 1.015 trillion. Out of the total fund, Rs 11,500 crore has to be spent on clearing pending dues from the previous year.