Current Affairs Quiz - May, 2020

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:
Union Minister for Road Transport & Highways Nitin Gadkari recently inaugurated the Chamba Tunnel in Uttarakhand through video conference. The tunnel will be operationalised this October.
The tunnel has been constructed by the Border Roads Organisation (BRO) under Chardham Pariyojana scheme of Uttarakhand. It is a 12,000-crore project, to facilitate connectivity to Gangotri, Kedarnath, Yamunotri and Badrinath. The 440-metre long tunnel has been created under Chamba town on Rishikesh-Dharasu road.

Notes:
The Harry Potter fame author J K Rowling recently unveiled her story online for the kids across the world, during the lock-down.
The title of the story is ‘The Ickabog’ and it is her first children’s story not linked to Harry Potter. The chapters of the story will be published daily until July 10, in an exclusive website recently created for the story. The author also announced that she had written this story a decade ago.

Notes:
Ola Electric, the subsidiary of the India ridesharing platform Ola, has recently acquired Netherlands-based OEM (Original Equipment manufacturer) Etergo BV.
By this acquisition, Ola Electric is set to enter the premium electric two-wheeler market, both domestic and global. Ola Electric is to use the design and engineering capabilities of Etergo to build its smart electric two-wheeler and launch in India in the year 2021.

Notes:
Social media and technology giant Facebook has recently launched CatchUp application, that lets the users make free phone calls.
The application developed by internal R&D group of Facebook -NPE Team, allows the users to make phone calls up to 8 people simultaneously. It uses the Facebook account in the phone to coordinate the service. It is launched at the United States as a pilot service and expected to be launched across the world soon.

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:
Former Deputy Economy Minister of Brazil, Marcos Prado Troyjo has been selected as the new President of the Shanghai-based New Development Bank’s (NDB).
He is to replace the veteran Indian banker KV Kamath as the President of the multilateral financial institution set up by the BRICS countries. Finance minister Nirmala Sitharaman attended the special board of Governors of NDB meeting through video-conference. Another Indian Anil Kishora was selected as the Vice President of NDB during the conference.

Notes:
The Asian Development Bank (ADB) recently signed a USD 177 million loan agreement with the Government of India to upgrade 450 kilometers (km) of state highways and major district roads in the state of Maharashtra.
The project is expected to improve road connectivity between rural areas and urban centres in the state and enable rural communities to access markets and employment opportunities. The project will also develop a road safety audit framework and strengthen road safety measures.

Notes:
Veteran Urdu author and Padma Shri award winner Mujtaba Hussain recently passed away at the age of 83.
He was considered as one of the finest authors in Urdu literature for his humour and satire styles. His best literary works are America Ghaans Kaat Raha Hai, Japan Chalo and an autobiographical satire- Apne Yaad Mein. He returned his Padma Shri award last year, as a protest against the Citizenship Amendment Act.

Notes:
Every year, May 28 has been celebrated as the World Menstrual Hygiene Day across the world. It is a global platform initiated by the German non-profit organisation WASH United.
This year, the theme of Menstrual Hygiene Day is ‘Periods in Pandemic’. Several government agencies, individuals, non-profits and media join hands to create awareness about the safe menstruation practices and hygiene management.