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:
Fitch Ratings recently released its forecast for India’s economic growth for the next financial year. It estimated a growth rate of 5.6 per cent, which is lower than the 6-6.5 per cent growth rate, as projected by the Indian government in its recent Economic survey 2019-20.
The agency also stated that the Union budget recently presented did not alter its view towards the growth prospects of the country. The agency has affirmed the ‘BBB- rating’ to India, last December. The government has missed its fiscal deficit targets for the previous year and the target for the next year is furthermore relaxed to 3.8%.

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:
Ace Indian weight-lifter, Mirabai Chanu set a new national record in the National Weightlifting Championships in Kolkata, by improving her previous record. The former world champion and common wealth gold medallist belongs to the state of Manipur.
Mirabai lifted a total of 203kg to win the 49kg gold, which was better than her previous best- 201 kg, which she had achieved at the World Championships at Thailand, in September last year. The 25-year-old weight-lifter was placed fourth in the world rankings. Jeremy Lalrinnunga, another top weight-lifter from India won the men’s 67kg title in the Championship.

Notes:
A German cybersecurity firm called Greenbone Sustainable Resilience recently published a report on medical data leaks. It revealed that the medical details of more than 120 million Indian patients have been leaked and made available on the Internet.
The state of Maharashtra is placed at the top of the list of states that are affected by the data leak, followed by Karnataka and West Bengal. It also classifies countries in three categories of good, bad and ugly, based on the action taken by the governments after its first report was released. India is placed second in the ugly category.

Notes:
The United States recently launched the International Religious Freedom Alliance, which is aimed at protecting and preserving religious freedom across the world.
The U.S. Secretary of State Mike Pompeo announced the formal launch of the alliance. As many as 27 countries have joined the alliance and the prominent countries among them are Australia, Brazil, the United Kingdom, the Netherlands and Greece. He also announced that the next ministerial to Advance Religious Freedom will be hosted by Poland in Warsaw, in July 2020.

Notes:
The Union Cabinet of India recently approved to set up 13th major port of India, at Vadhavan in Maharashtra. The project is to entail a total cost of Rs 65,544 crore.
The government is expected to hold 51 per cent stake in the project of the new port. All related business activities would be done under private-public partnership (PPP) mode. A special purpose vehicle is proposed to be formed, which would develop the infrastructure of the new port. This port would promote cargo movement from Gujarat, Maharashtra and other land-locked states.

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:
The Department of telecommunications (DoT) recently approved the merger of consumer mobile operations of the Tata group with Bharti Airtel.
During the month of October 2017, the Tata group announced that the company would sell its consumer mobile business to Bharti Airtel. After nearly two years of their plan, the final approval has been granted by DoT. Airtel has acquired Tata’s mobile phone operations across the country in 19 circles across the country. This merger would expand the spectrum availability and 4G coverage of Bharti Airtel.

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.