Current Affairs Quiz - May, 2020

Notes:
Moody’s Investors Service has recently projected India’s growth at zero per cent for the current fiscal 2020-21.
It had estimated a growth of 4.8 per cent for the last fiscal year. Last month the ratings agency estimated that the Indian economy would grow at 0.2 per cent. It had also provided a ‘Baa2’ rating for India, which represents moderate credit risk. It also said that India would regain its growth rate at 6.6 per cent in the 2021-22 fiscal.

Notes:
West Bengal supplies about 95 per cent of the jute bags used across the country, mainly in packaging of food-grains. As the lock-down has stopped the production of jute bags in the state, the Food Corporation of India faces a shortage of bags.
Union Food Minister Ram Vilas Paswan announced that the government has allowed packaging of food-grains in used gunny sacks and plastic bags during the ongoing procurement season. A task force has been constituted by the Ministry to assess the shortage of jute bags for packaging amid the lock-down.

Notes:
According to the data released by the Registrar General of India in its Sample Registration System (SRS) bulletin based on data collected for 2018, the infant mortality rate was found to be 32 per thousand of the population. The national birth rate and death rate stood at 20 and 6.2 respectively.
Madhya Pradesh has worst infant mortality rate in the country with 48 per thousand while Nagaland has the best IMR (4). Bihar continues to top the birth rate list with Andaman and Nicobar Islands at the bottom. Chhattisgarh has the highest death rate, while Delhi has the lowest.

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 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:
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:
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:
The state government of Odisha has decided to bring three ordinances for strengthening the agriculture economy of the state.
The decision has been taken in a review meeting on controlling Covid-19 and restarting economic activities, chaired by the Chief Minister Naveen Patnaik. The state also announced that MGNREGA and Mission Shakti activities would be intensified. Odisha has started agricultural activities and sale of agricultural inputs.

Notes:
The Union Finance Minister announced the details of the Atma Nirbhar Bharat Yojana package launched by the Prime Minister.
One of the features was the global tenders being disallowed in government procurement up to Rs 200 crore. This would reduce unfair foreign competition for MSMEs and support the ‘Make in India’ initiative. She also announced Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs.

Notes:
Union Minister of Health & Family Welfare Dr Harsh Vardhan recently dedicated the first testing machine that has been procured by the Government called COBAS 6800. It has been installed in the National Centre for Disease Control (NCDC). It is an institute under the Indian Directorate General of Health Services, Health Ministry.
COBAS 6800 is a fully automated, high end machine which performs real time PCR testing for COVID-19. It will also provide high-quality testing and can perform around 1200 samples in 24 hours. This is expected to increase the testing capacity in the country.