Current Affairs Quiz - February, 2020

Notes:
Leading Indian fin-tech start-up company Paytm has recently launched a point-of-sale (POS) device for smaller merchants. The device would accept payments through cash, Paytm wallet, debit and credit cards and Unified Payments Interface (UPI) apps.
It is an android-based all-in-one device, which will help the smaller merchants, road-side shop-keepers in handling digital money. Good and Services Tax (GST) compliant bills can also be generated through the ‘Paytm for Business’ app. The device was launched jointly by the founder and CEO Vijay Shekhar Sharma and co-founder Nandan Nilekani.

Notes:
The state government of Karnataka has recently launched a scheme called ‘Janasevaka’ to home-deliver various government services to citizens. The scheme ensures the delivery of ration cards, senior citizen identity and health cards at the door steps of citizens.
The newly launched scheme is a part of the ‘Sakala’ scheme of the state and will cover as many as 53 services of 11 state departments. The scheme was first implemented in Dasarahalli area on a pilot basis and will be extended to other regions. Subsequently, the scheme would be made operational in Bengaluru, Mysuru, Mangaluru and Hubballi-Dharwad.

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:
Authorities from the Norwegian Ministry of Education and Research have recently signed agreements with India in the fields of higher education and research, in New Delhi.
This agreement is a part of the visit of delegation of important educational institutions of Norway to India. Among the several agreements signed, the significant pact was between the Indian Institute of Technology (IIT) Delhi and The Arctic University of Norway (UiT), for co-operation in the fields of bio-photonics, health and diagnostic tools, nanotechnology.

Notes:
The Union Cabinet has granted approval to Alliance Air to fly between India and Sri Lanka, by waiving the rule that an airline needs to own minimum 20 aircrafts to operate internationally.
Alliance Air, which is a 100 per cent subsidiary of Air India, has five years of experience but does not have 20 aircrafts. A special exemption is allowed for the interim period, until the airline deploys the higher among- a minimum of 20 aircraft or 20 per cent of total capacity. There was no commercial operation scheduled from Palaly and Batticaloa airports of Sri Lanka, before this approval.

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:
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:
The Chief Minister of Telangana recently flagged off the stretch of Hyderabad Metro between Hyderabad and its sister city Secunderabad. With this, Hyderabad Metro has become the second largest operational metro rail network in the country, only after the Delhi Metro Rail.
Hyderabad Metro is also the biggest metro project in the world in Public Private Partnership (PPP) mode, with a total project cost of ₹20,000 crore, constructed by Larsen & Toubro.

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.