Current Affairs Quiz - April, 2020

Notes:
Punjab National Bank has unveiled its new logo ahead of its merger with the United Bank of India and the Oriental Bank of Commerce.
The new logo bears the symbols of all the three public sector banks. The Reserve Bank of India (RBI) has issued a notification that the merger of ten banks into four will be carried out as scheduled, on April 1, 2020. After the amalgamation process, PNB will become the second largest lender in India after the State Bank of India.

Notes:
Switzerland based Technology company Acronis recently unveiled the inaugural edition of ‘2020 World Cyber Protection Week Survey’.
As per the survey, 42% of companies experienced a data loss event that resulted in interruption last year. It also revealed that traditional strategies of data protection can no longer keep up with the modern technology needs of individuals and organizations.

Notes:
Domestic payment company BharatPe has partnered with ICICI Lombard General Insurance to launch the country’s first coronavirus insurance cover for merchants.
The insurance policy which can be purchased from the BharatPe mobile application aims to cover about 40 lakh shop-keepers, who are more prone to the coronavirus infection amid the lock-down. The health cover pays out 100% of the sum insured if they are tested positive for the pandemic for a premium of ₹199 for a ₹25,000 cover for one year.

Notes:
The Reserve Bank of India recently released some measures to deal with the consequence of the coronavirus pandemic. As per the new export norms, the exporters can take 15 months to realise their export proceeds, for exports made up to July 31 against the earlier 9 months.
RBI also increased the Ways and Means Advances limit for state governments and UTs by 30 % till September 30. It also said that the banks are not required to activate counter-cyclical capital buffers for one more year.

Notes:
The World Bank has granted $1 billion fund to India to strengthen its response in containing Covid-19. This is also the largest ever grant provided for India till date, from the World Bank.
The fund will cover all states and UTs and will be managed by the National Health Mission (NHM), National Center for Disease Control (NCDC) and Indian Council of Medical Research (ICMR). The fund will be used for procurement of testing kits, setting up of new isolation wards and purchase of personal protective equipment.

Notes:
The official mascots of the 2022 Asian Games were released at a digital launch ceremony in China recently.
Congcong, Lianlian and Chenchen are named as the mascots of the 19th Asian Games, which is scheduled to be held at Hangzhou, China. Three robots nicknamed as ‘Smart Triplets’, representing the mascots were unveiled, to highlight the expertise of the city.

Notes:
The Ministry of Electronics and Information Technology has notified three incentive schemes to boost electronics manufacturing namely Production Linked Incentive Scheme (PLI), Electronics Manufacturing Clusters 2.0 (EMC 2.0), Scheme for Promotion of Manufacturing of Electronics Components and Semiconductors (SPECS).
The schemes which were cleared by the Cabinet last month, include incentives worth more than Rs 48,000 crore. PLI is the largest scheme with an outlay of Rs 40,000 crore which will give incentives of 4-6% on incremental sales on mobile phones and specified electronic components.

Notes:
The Information Technology Industry body NASSCOM announced that it has appointed Infosys Chief Operating Officer UB Pravin Rao as its chairman for the year 2020-21.
Pravin Rao is set to replace the incumbent Chairman WNS Global Services Group CEO Keshav Murugesh. The Chairman and Senior Managing Director of Accenture in India, Rekha M Menon has been named as the vice chairperson for 2020-21.

Notes:
Larsen & Toubro (L&T) has bagged the large order of the Indian Army to set up a unified network management system.
The communication business of L&T Construction has secured the order to manage and operate the armed forces network. The project is to be set up under the Network for Spectrum (NFS). The project is to be implemented in 18 months followed by three years of warranty and seven years of Annual Maintenance Contract (AMC).

Notes:
A walk-in sample collection kiosk has been installed in a Government Medical College Hospital in Ernakulam district, similar to the testing model of South Korea.
This model of kiosk does not require the usual practice of health workers to wear gloves and protective gear. They have built-in gloves, which can be used by health workers as protective shield while collecting samples of suspected Covid-19 patients. After each patient leaves the kiosks, the gloves and chair are disinfected and reused.