Current Affairs Quiz - February, 2020

Notes:
Indian Maharatna Public sector enterprise NTPC Ltd has recently raised $750 million syndicated Japanese yen loan, which will help to reduce air pollution from its power projects across India.
This is the highest single-foreign currency loan raised by the enterprise and also the largest syndicated Japanese yen loan raised by an Asian firm. The yen-denominated bond issued in the Japanese capital by non-Japanese companies is called Samurai bond. The loan will fund the installation of Flue Gas Desulphurization (FGD) system, which will help reduce SOx emissions. New hydro projects and projects using advanced technologies are also set to be established with the fund.

Notes:
The biennial Defence exhibition of India, ‘DefExpo’ was recently inaugurated at Lucknow, Uttar Pradesh by the Indian Prime Minister Narendra Modi. The Uttar Pradesh Chief Minister also attended the inaugural programme.
A live demonstration of naval systems, aerial systems and land systems was performed during the ceremony. The main theme of the DefExpo 2020 is ‘India: The Emerging Defence Manufacturing Hub’ and the focus will be on ‘Digital Transformation of Defence’. The five-day-exhibition is to be attended by delegates and military manufacturers from more than 70 countries. The fifth India-Russia Military Industry Conference is also to be held on the side-lines of the event.

Notes:
The annual event called Udyanotsav, during which the Mughal Gardens at Rashtrapati Bhavan will be opened for the general public, was inaugurated by the Indian President Ram Nath Kovind.
The gardens will remain open for the public till March 8, 2020 between 10:00 AM to 4:00 PM. The gardens are to be closed only on Mondays for maintenance works. The unique Mughal Gardens of the official residence of the President comprises of several exotic flowers and bulbous flowers like Narcissus, Dahlia, Sparaxis. Visitors can walk-in directly or use the online booking facility to visit the Gardens.

Notes:
Indian Cricket star Virat Kohli retains his top rank in the latest brand valuation study by Duff & Phelps. He is placed at the first spot third year in a row.
The report revealed that Virat Kohli has increased his brand value by 40 per cent to $237.5 million in 2019. The second place was bagged by Bollywood actor Akshay Kumar, who pushed the last year’s second rank holder Deepika Padukone to third. The third spot is shared by actor Ranveer Singh. Former Indian captain M.S.Dhoni is placed at 9th place in the list.

Notes:
E-Commerce major Flipkart recently shut down its Jabong- lifestyle and fashion e-commerce portal. The users are being redirected to the website of its another fashion company, Myntra.
Flipkart, which is now owned by Walmart, had acquired Jabong for $70 million four years back. As there was a dip in number of app downloads and its business, the portal was closed. Myntra was acquired by Flipkart in the year 2014. After it was bought by Walmart, Flipkart had merged Myntra and Jabong.

Notes:
Minister of State for Labour Santosh Gangwar recently announced that the government is conducting a new Periodic Labour Force Survey (PLFS). The survey conducted this year comprises of new parameters and bigger sample size.
As per the results of the PLFS survey being conducted by the government, the Unemployment rate in the country in 2017-18 was 6.1 per cent. The labour force participation in the country in the same time period was found to be 36.9 per cent. The Minister also announced that the new survey conducted through the Ministry of Statistics provides more authentic data.

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:
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:
Raad-500 is a short-range ballistic missile recently unveiled by Iran. It can be powered by a “new generation” of engines designed to put satellites into orbit.