Current Affairs Quiz - January, 2020

Notes:
The Indian Space Research Organisation (ISRO) has proposed to set up its Human Space Flight Centre (HSFC) in the Challakere town of Karnataka. It is located on the National Highway connecting Bengaluru and Pune. The 400-acre Training centre will entail a project cost of nearly 2700 Crores. Recently, four Indian astronauts selected for the Gaganyaan mission are sent to an Russian agency for space related training. This indigenous HSFC of ISRO will be have world class infrastructure and training facilities.

Notes:
The domestic lighting scheme of Central Government, Unnat Jyoti by Affordable LEDs for All (UJALA) and LED Street Lighting National Programme (SLNP) completed five years since they were launched. Energy Efficiency Services Limited, a joint venture of the Public Sector Undertaking (PSUs) companies under the Power Ministry is the implementing agency of the schemes. Under the UJALA scheme, more than 36 Crore LED bulbs have been distributed.

Notes:
The ‘Antarrashtriya Yoga Diwas Media Samman’ award was instituted in June 2019, to recognise the contribution of media in spreading Yoga. The first edition of the award is to be conferred to 30 media houses, by the Union Information and Broadcasting Minister Prakash Javadekar. The awards will be presented in three categories, namely ‘Best Media Coverage of Yoga in Newspapers’, ‘Best Media Coverage of Yoga in Television’ and ‘Best Media Coverage of Yoga in Radio’.

Notes:
E-Commerce Giant Amazon recently partnered with the leading retailer, Future Group. By this partnership the Future Group would be allowed to access the online platform of Amazon and Amazon India will be designated as the authorised online store of the Future Retail Ltd (FRL) stores.
This agreement would also deepen the market presence of Amazon in India, while increasing the reach of the Future Group’s products. Big Bazaar is a famous subsidiary of Future Group.

Notes:
Khurana shared the 1968 Nobel Prize for Physiology or Medicine with Marshall W. Nirenberg and Robert W. Holley for research that showed the order of nucleotides in nucleic acids, which carry the genetic code of the cell and control the cell’s synthesis of proteins. In 1972, he also created the first ever artificial gene.

Notes:
India has emerged winner in the Malaysia Masters badminton tournament for three times since it began in 2009. P.V. Sindhu won it in 2013 and 2016, and Saina Nehwal in 2017. This year, B. Sai Praneeth has been already knocked out.

Notes:
Union Cabinet has approved to confer the status of “Institution of National Importance” to a cluster of Ayurvedic institutions in Gujarat State’s Ayurved University campus in Jamnagar. This elevation of the status would provide it with the autonomy to upgrade the Ayurveda education standards and frame new courses in Ayurveda as per national and international requirements.
This decision is also expected to boost tertiary care in India and reduce government expenditure on health as Ayurveda is cost-effective. A bill to give effect to this approval will be introduced in the forthcoming Session of Parliament.

Notes:
The World Bank has recently released its ‘January 2020 Global Economic Prospects report’. The GDP growth of India for FY20 is estimated to be 5%. The GDP growth for the year 2021-22 is also lowered to 5.8% in the report.
The credit instability of the weak Non-Banking Finance Companies (NBFCs) is cited to be the reason for the downgrade. Recently the Reserve Bank of India and the Central Statistical Office of the country also lowered the growth rate to 5% for this fiscal year.

Notes:
India’s leading digital payment company, Paytm has recently launched an all-in-one QR code for merchants. Using the QR code the businessmen can accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment directly into their bank account.
The transactions are processed at zero percent fee using the code. The company also launched ‘Paytm Business Khata’ service. This will help the merchants to maintain ledgers of all transactions of their customers in the digital form.

Notes:
The Reserve Bank of India recently allowed video-based authentication as an alternative method to the e-KYC (Know-your-customer) norms. The video-based KYC authentication was proposed by the Expert Committee on Micro, Small and Medium Enterprises, headed by the former SEBI Chairman UK Sinha.
The Reserve Bank accepted the recommendations and amended its KYC norms to include Video based Customer Identification Process (V-CIP). The bank also announced that the video verification will be Aadhar-based and the user can display his documents via a video chat.