Current Affairs Quiz - March, 2020

Notes:
The Reserve Bank of India recently announced that it will regulate the entire activities of Payment Aggregators (PAs). Payment Aggregators enable the e-commerce sites and merchants to accept various payment instruments from the customers.
As per the guidelines on regulation of PAs and Payment gateways (PGs), the existing PAs should attain a net-worth of Rs 15 crore by March 31, 2021 and a net-worth of Rs 25 crore on or before March 31, 2023. Thereafter the net-worth of Rs 25 crore shall be maintained at all times.

Notes:
Microsoft India and NASSCOM Foundation partnered to launch the ‘Innovate for Accessible India’ campaign. The campaign aims at empowering people with disabilities with the technology required for better access to equal opportunities.
The campaign invites applications from students, citizens and social organisations to build customised solutions that address challenges faced by people with disabilities. The ten best solutions will be provided mentoring support by Microsoft and NASSCOM Foundation, along with financial grants.

Notes:
S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for the year 2020. The rating agency had earlier predicted the growth rate of 5.7% for 2020.
The agency also estimated that the Asia-Pacific economic growth in 2020 will dip to less than 3 per cent. It also revealed that saying the global economy is entering a recession amidst the coronavirus pandemic.

Notes:
The Reserve Bank of India (RBI) is conducting Open Market Operations (OMO) in the form of purchase of Rs 10,000 crore worth government securities.
This important step of the central bank has been announced at the backdrop of the increased risks of COVID-19 pandemic. The operation would increase the liquidity in the Indian economy and would help the financial market segments which are affected by the economic risks.

Notes:
In a ceremony at iconic Panathenaic stadium of Athens, Greece has handed over the Olympic flame to Tokyo 2020 organisers.
The ceremony did not include the planned cultural ceremonies from Greece or Japan, due to COVID-19 pandemic. The Governing Olympic body of Greece, Hellenic Olympic Committee’s President Spyros Capralos handed the torch over to the Tokyo Organising Committee. The Hellenic Olympic Committee organises the lighting ceremony of Olympic Torch and its relay in Greece.

Notes:
Every year March 20 is observed as World Sparrow Day to raise awareness about sparrows around the world. It highlights the huge decrease in population of the bird as the house sparrow is on the verge of extinction.
The initiative was started by the India-based Nature Forever Society (NFS), founded by the conservationist Mohammed Dilawar. The first World Sparrow Day was celebrated in 2010 across the globe.

Notes:
Union Defence Minister Rajnath Singh unveiled an updated manual DPP-2020 (Defence Procurement Procedure-2020).
For the last 18 years, this DPP is the procurement manual that has been used for governing the purchase of weapons and equipment from the defence capital budget. The 2020 draft version aims to promote more indigenous content in defence equipment which are manufactured in India. It also introduced ‘leasing’ as another category to make defence equipment affordable.

Notes:
Tribal Cooperative Marketing Development Federation of India (TRIFED) has launched an initiative called ‘Tech for Tribals’ in partnership with Institutes of National Importance (INIs) to promote entrepreneurship among tribal people.
The initiative, which is supported by Ministry of MSME, aims to impart entrepreneurship skills to tribal forest produce gatherers who are enrolled under the Pradhan Mantri VanDhan Yojana (PMVDY). The programme will be conducted for 30 days.

Notes:
American actor-singer Kenny Rogers recently passed away at the age of 81. He was a three-time Grammy-winning singer.
The singer was famous for various genres of his music albums including jazz, folk, country and pop. Some of his popular musical works includes ‘Lucille,’ ‘Lady’ and ‘Islands in the Stream’. He was celebrated as a Superstar by his fans during 1970’s and 80’s.

Notes:
The International Day of Happiness is celebrated on March 20 all over the world. The General Assembly of the United Nations proclaimed 20 March the International Day of Happiness in 2012.
The day is celebrated to highlight the relevance of happiness as universal goal in the lives of human beings and to reflect it in public policy objectives. The resolution to the United Nations was initiated by Bhutan, the country which adopted the goal of Gross National Happiness over Gross National Product.