Current Affairs Quiz - May, 2020

Notes:
The Indian Air Force is set to operationalize its squadron called the Number-18 – ‘Flying Bullets’ with a fleet of the LCA (Light Combat Aircraft) Tejas.
Chief of the Air Staff, Air Chief Marshal R K S Bhadauria will launch the squadron at the Sulur base near Coimbatore, Tamil Nadu. This is the second Indian Air Force squadron to operate with the modern light fighter aircraft Tejas, which is a fourth-generation supersonic aircraft developed by the Hindustan Aeronautics Limited.

Notes:
Leading Indian multi-industry company ITC has recently announced that the company is set to make its biggest acquisition. It has entered into an agreement to acquire a 100 per cent stake in the spices manufacturing company Sunrise Foods.
The deal size is estimated to be about Rs 2,000 crore. Kolkata based Sunrise Foods made a turnover of around Rs 600 crore last year and it has an extensive market presence across east India.

Notes:
Recently, a new silver fish species has been discovered by the Head of the Zoology Department from a Kollam-based College, Kerala at Velankanni, Tamil Nadu.
The small freshwater fish belongs to the family Cyprinidae and it has been named as ‘Puntius sanctus’. His research was funded by the Department of Science and Technology. The new fish is deposited in Zoological Survey of India. It has also been registered with ZooBank of the International Commission of Zoological Nomenclature.

Notes:
Narmada Basin Projects Company Ltd. (NBPCL) is a wholly-owned company of Madhya Pradesh government. Central PSU under Ministry of Power, Power Finance Corporation (PFC) has recently partnered with NBPCL to fund projects worth ₹22,000 crore in Madhya Pradesh.
Hydroelectric projects and power components of 12 major multipurpose projects are to be set up by deploying the funds. Major multipurpose projects, which are to be financed include Basaniya Multipurpose Project, Chinki Boras Multipurpose Project Dudhi Project, among others.

Notes:
Social Media Giant Twitter recently labelled tweets from the United States President Donald Trump as misleading, by linking the tweets with a fact checking page.
Under the tweets by the President, there was a message displayed by Twitter which read, “Get the facts about mail-in ballots”. Though Twitter clarified that the move was to provide context to the tweets, the President alleged that Twitter is interfering in the 2020 presidential election.

Notes:
The Indian Olympic Association has constituted an 11-member committee led by Adille Sumariwala, the President of Athletics Federation of India.
The committee has been constituted to review and monitor annual grant and affiliation fee of its members for the 2020-2021 cycle, in coordination with the finance department. The committee is also required to send a report on all pending issues regarding previous year to IOA President.

Notes:
Central Institute of Plastics Engineering & Technology (CIPET) has been renamed as Central Institute of Petrochemicals Engineering & Technology (CIPET).
CIPET is a premier national institution under the Union Ministry of Chemicals and Fertilizers. It is located at SIDCO Industrial Estate, Chennai. With expanded coverage, CIPET will undertake efforts to promote the entire petrochemical sector with a focus on Academics, Skill improvement and Research.

Notes:
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chaired the 22nd Meeting of the Financial Stability and Development Council (FSDC) and reviewed the current global and domestic macro-economic situation and financial stability in the nation.
Union Finance Minister is the chairperson of FSDC, an autonomous regulatory body set up in the year 2010. Besides the ten members which includes the RBI Governor, Finance Secretary, Chief Economic Adviser, Chairpersons of SEBI, IRDAI, PFRDA, IBBI among others, the Finance Minister may invite any other required person.

Notes:
India’s leading Information Technology firm announced that top Capgemini executive Thierry Delaporte has been appointed as its new Chief Executive Officer (CEO) and Managing Director (MD).
He is to replace the present head of Wipro Abidali Neemuchwala. Prior to this assignment, Thierry Delaporte had been associated with Capgemini and held several roles including the Chief Operating Officer and a member of its Group Executive Board. This is the first non-Indian appointment of chief, made by Indian firms.

Notes:
The United States has recently joined the G7 Artificial Intelligence group, an international panel for setting ethical guidelines for usage of artificial intelligence.
As per the announcement from the White House, this move was to counter China in threatening civil liberties using technologies. The heads of France and Canada proposed this global group to guide the adoption of AI, which was rejected by the US President Donald Trump. Now US is the last nation to join the Global Partnership on AI.