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:
Bhutan imposes a Sustainable Development Fee on international tourists, except those from India, Bangladesh, and the Maldives. The current rate is USD 100 per person per night, effective from September 1, 2023 to August 31, 2027, as a 50% discount from the earlier USD 200. Indian tourists pay INR 1,200 per person per night. The fee funds conservation and infrastructure.

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:
The prestigious Mystic Kalinga Literary Award (Indian and Global Languages) is to be presented to the noted Odia and English writer Manoj Das. The award would be presented during the Mystic Kalinga Festival (MKF) which commences in Bhubaneswar on February 8.
The Mystic Kalinga Literary Award is conferred to a person who has made significant contribution to the literature and culture of Odia. The bilingual writer recently received the country’s third-highest civilian award- Padma Bhushan, for his contribution in the field of literature and education. He had also been conferred with the Saraswati Samman award.

Notes:
The Reserve Bank of India (RBI) recently released its statement on developmental and regulatory policies, along with the February 2020 Monetary policy statement.
In the statement, the central bank announced about the launch of Digital Payments Index (DPI), which will assess the digitalisation of payments in the country. The DPI will accurately measure the penetration of digital payment modes among the general public of the country. The index is proposed to be launched from July 2020.

Notes:
High Energy Materials Research Laboratory (HEMRL) is a laboratory of the Defence Research and Development Organisation (DRDO). Head-quartered in Pune, it conducts research in the area of High Energy Materials and Explosive materials.
Recently, the lab has tied up with the Russian state military organisation Rosoboronexport to import new technologies for the development of high energy materials required for missiles, rockets and guns. A technology development contract was signed with the organisation in this regard.

Notes:
The Marine Products Export Development Authority (MPEDA) was established in 1972, by an act of Parliament, to act as the nodal agency for the development of Indian seafood industry. It is head-quartered at Kochi.
Recently, MPEDA announced that it is to start the upgradation and modernisation 25 fishing harbours in the country. The project is to be undertaken with the assistance from the Centre
at a proposed outlay of Rs 2500 crore.

Notes:
Indian cueist Aditya Mehta was seen in news recently as he won the National Snooker Championship, held at Pune. He represented the Petroleum Sports Promotion Board (PSPB) and defeated the 22-time-world champion Pankaj Advani 6-2 to win the title. Pankaj recently won the National Billiards Championship.
Vidya Pillai of Karnataka clinched the women’s snooker title, by beating Amee Kamani of Madhya Pradesh.

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.

Notes:
The state government of Haryana has launched an initiative called ‘Reading Mission- Haryana’. The initiative was launched to encourage reading habit among the young students of the state.
The scheme is on the lines of the ‘Reading Mission 2022’, launched by the central government. Under the state’s initiative, monthly book review sessions and mass book reading are to be organised by students in educational institutions.