Current Affairs Quiz - May, 2020

Notes:
Major private equity of the United States, KKR & Co. Inc. has recently acquired a 2.32 per cent stake in the digital unit of Reliance Industries, Jio platform for Rs 11,367 crore.
As per the announcement of the Reliance Industries, this is the fifth deal in the last four weeks for sale of minority stake in Jio platform. Earlier, it had raised Rs 67,194.75 crore from global technology investors including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic.

Notes:
Samsung India has collaborated with social media major Facebook to train its offline retailers for adapting digital technologies and using platforms like Instagram and WhatsApp.
The two firms have already trained more than 800 offline retailers and more training sessions are going to be carried out in future. This will help the Samsung retail partners leverage technology and make them more accessible to their customers for inquiry about smartphones.

Notes:
The Horticulture Department of Bihar has partnered with the Postal Department of the Indian Government for online booking and delivery at doorstep facility
The ”Shahi Lichi” of Muzaffarpur, Bihar and “Zardalu Mango” of Bhagalpur, Bihar are famous in the country for their unique fragrance and taste. As the cultivators find it difficult to transport the fruits to the markets for sale, this online booking has been launched. People can place order on the website of the state’s horticulture department.

Notes:
CSIR-IIIM (Indian Institute of Integrative Medicine), Jammu a premier institute under the Council of Scientific & Industrial Research (CSIR) has partnered with Reliance Industries Limited (RIL), to develop a new RT-LAMP based COVID-19 diagnostic kit.
The RT-LAMP (Reverse Transcriptase-Loop Mediated Isothermal Amplification) kit is a nucleic acid- based test conducted from nasal/throat swab sample from patients. It is a rapid, affordable and accurate test. The components are easily available and can be completely manufactured in India.

Notes:
The rating agency Fitch Ratings has made further slashed world GDP forecasts in its latest Global Economic Outlook (GEO).
The biggest estimate cut was for India, where the rating agency forecasts a contract of growth by 5%, which means -5% growth in 2020-21. Earlier, Fitch had estimated India’s growth to be 0.8% for FY21. The global GDP is also estimated to fall by 4.6% in 2020.

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:
International Day of Action for Women’s Health is celebrated on May 28 every year by the Women’s Global Network for Reproductive Rights (WGNRR).
Several women’s health advocates and their communities have been leading the celebration of the day since 1987. During the International Women’s Health Meeting in Costa Rica, Latin American and Caribbean Women’s Health Network (LACWHN) proposed to celebrate May 28 as International Day of Action for Women’s Health.

Notes:
European Commission, the executive branch of the European Union has recently proposed a 750 billion-euro (USD 826 billion) COVID-19 recovery plan.
The European Commission is expected to borrow the funds from the market and then disburse two-thirds in grants and the remaining fund in loans. This plan will mostly cover to revamp the worst affected European Union nations including Italy and Spain.

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.

Notes:
Former Chhattisgarh Chief Minister Ajit Jogi has recently passed away at Raipur after suffering from a heart attack, at the age of 74.
When the state was carved out from Madhya Pradesh to be held as a separate state in the year 2000, he was selected to head the state. The veteran leader was an Indian Administrative Officer turned politician. He had also served as the Collector of Raipur during the early years of his career.