Current Affairs Quiz - January, 2020

Notes:
The Ministry of External Affairs recently announced that it would set up a new division under its aegis called the New, emerging and strategic technologies (NEST) division’. The proposed NEST would act as the nodal division under the ministry for addressing the issues related to emerging technologies. It will help our country to closely work with foreign partners in the field of 5G and artificial intelligence. Recently all companies including the Chinese major Huawei were allowed to participate in 5G trials.  

Notes:
The ace Indian all-rounder and bowler famous for his swings, Irfan Pathan announced his retirement from all forms of cricket recently. Irfan made his debut in 2003 when he was only 19 years old. In his professional cricket career spanning 16 years, he made several records including the hat-trick wicket in the first over of the test match. Irfan was also a part of the winning team of the 2007 T20 World cup.

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:
The National Payments Corporation of India (NPCI) is set to launch its new block-chain based platform, which is named as ‘Vajra’. The new payment platform will be based on ‘Distributed Ledger Technology’ (DLT).
The platform is expected to make the payments secure and the transactions would be stored in a decentralised database. The bank nodes after receiving the requests from the Unified Payments Interface (UPI) will process them on the Vajra platform.

Notes:
The Insurance Regulatory and Development Authority of India (IRDAI) recently directed the health and general insurance companies to offer a standard individual health insurance policy. The policy is named as ‘Arogya Sanjeevani policy’.
It will cover minimum health requirements of the insurers and would be offered from April 1, 2020. IRDAI also stipulated that there will be no exit age for the scheme, so that the insurance will be continued till the person’s last breath. The minimum and maximum age limit to enroll are 18 years and 65 years respectively. The sum assured will be between Rs.1 Lakh and Rs. 5 Lakhs.

Notes:
The Director General of Indian Council of Agricultural Research (ICAR) recently announced that the ‘Farmers’ Innovation Fund’ would be set by next financial year. The announcement was made during the Farmers’ Science Congress, the first of its kind event, organised as a part of the National Science Congress.
He announced that an innovation centre would be established in New Delhi, which would assist the farmers in their research and would authenticate the innovations of the farmers. At present, the Krishi Vigyan Kendras record the innovations of farmers.

Notes:
Current Ashwini Lohani heads Air India. It began operations in 1932 with a single-engine, de Havilland Puss Moth monoplane. In 1962, it became the world’s first airline to boast an all-jet fleet. Last October, it also became the world’s first airline to use a Taxibot on an A320 aircraft with passengers onboard. Recently, Group of Ministers (GoM) of the central government have approved the proposal to divest stake in the national carrier. Led by Union Home Minister Amit Shah, the GoM met on Tuesday and approved all proposals on debt transfer from Air India to a special purpose vehicle. The Expression of Interest (EoI) and the share purchase agreement would be issued in January 2020.

Notes:
About 1.46 crore voters (80.55 lakh males + 66.35 lakh females) will have a chance to vote in the Delhi assembly elections on February 8. The results will be declared on February 11. Delhi Legislative Assembly has 70 seats of which 67 seats were won by AAP in last elections.

Notes:
The World Economic Forum, held annually at Davos, is a meeting in which world leaders discuss economic matters. This year’s summit will take place on January 21- 24.

Notes:
The Reserve Bank of India (RBI) recently released a report titled ‘National Strategy for Financial Inclusion’.
The report suggested that along with formal banking outlets, payment banks, small finance banks, cooperative banks and non-banking units like fair price shops should also practice digital banking. The Regulator directed the banks to increase the outlets in all villages and hilly areas by March 2020. The report also suggested to make the Public Credit Registry (PCR) fully functional by 2022.