Current Affairs Quiz - February, 2020

Notes:
The Union Cabinet of India recently approved amendments to the Banking Regulation Act, which will bring multi-state cooperative banks under the regulation of the Reserve Bank of India.
This amendment in regulation is expected to prevent malpractices in the co-operative banks and ensure better regulation. The administrative role of the banks will be managed by the cooperative registrars. This decision is taken at the backdrop of the collapse of Punjab and Maharashtra Co-operative (PMC) Bank last year. The banks would also be audited according to the norms stipulated by RBI.

Notes:
The United Arab Emirates (UAE) recently announced that it has discovered a new natural gas field with 80 trillion standard cubic feet of shallow gas resources. The new gas field was named ‘Jebel Ali gas field’.
The field is located between the territories of Dubai and Abu Dhabi and reported to span around 5,000 square kilometres. This discovery would help the country become more energy independent, and self-sufficient. As of now, the UAE imports natural gas from its neighbouring country Qatar for electricity. The National Oil companies of Dubai and Abu Dhabi are set to further explore the field.

Notes:
Top media agency of India, GroupM recently revealed that India would become the 8th-largest global advertising market in 2020. This is two places higher than the previous year’s rank.
It also estimates the overall size of India’s advertising market to be $13.2 billion (Rs 94,000 crore), which is 10.7 per cent growth from the last year, when the overall size was $11.9 billion (Rs 84,917 crore). The first place was bagged by the United States with a huge lead from the rest of the countries, followed by China and Japan.

Notes:
A private Indian firm has recently unveiled the indigenous air to ground missile ‘Khagantak’, during the ongoing DefExpo 2020. The firm has manufactured the air to ground missile with a strike range of 180 km.
The Managing Director of JSR Dynamics Air Marshal SB Deo announced the missile and said that when released from a height of 12 km, the missile is an air-launch weapon. It can be used as a guide weapon, which also has artificial intelligence (AI) to recognise the targets. Such indigenous missiles are expected to be a boost to the ‘Make in India’ initiative and reduce our dependence on foreign defence manufacturers.

Notes:
Hollywood actor Muhammad Ali is playing Dr. Kalama’s role in the movie. The movie is a co-production of Suvarna Pappu, Managing Director of a Hollywood Production House, Hollywood Director, Jagadeesh Daneti and Hollywood Producer & Director Johnny Martin.

Notes:
Pranash is the name of India’s 200-km strike range tactical ballistic missile which is currently under development by DRDO. This missile is advanced version of the 150-km strike range Prahar missile. Pranash will be a surface-to- surface ballistic missile and will be used by Air Force and Army.

Notes:
M.J. Akbar’s new book “Gandhi’s Hinduism – The Struggle Against Jinnah’s Islam” chronicles the endgame that led to the partition of the subcontinent in 1947 and the creation of Pakistan.

Notes:
The South African country Botswana has the largest elephant population in the world. Recently, the country was seen in news as it auctioned licenses to hunt elephants, to tackle human-animal conflict.
In the capital city of the country Gaborone, the licenses to hunt 70 elephants were said to be auctioned. The government had lifted the ban on hunting, which was prevalent for five years.

Notes:
The City Police has recently launched ‘Operation Nakail’ in Ghaziabad, to verify the identity of auto-drivers of the city. Under the initiative, a unique four-digit number will be allotted to every auto-rickshaw of the city.
The owner of the vehicle has to paint the number, his name and mobile number on the auto, which would be easy to identify them. After many crimes were reported to be held in auto-rickshaws, this initiative was launched.

Notes:
The Department of Public Enterprises (DPE) under the Union Ministry of Heavy Industries & Public Enterprises, releases the annual Public Sector Enterprises Survey, on the performance of Central Public Sector Enterprises (CPSEs).
Recently, the Public Enterprises Survey -2018-19 was tabled in both the Houses of Parliament, which stated that BSNL, Air India and MTNL are the top loss-making PSUs for the third consecutive year. The top three profit-making PSUs include Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation and NTPC.