Current Affairs Quiz - January, 2020

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 international sports event for the members of the Common wealth, the Commonwealth Games of 2022 will be conducted in the city of Birmingham, England. England plays host to the event for the third time. The prestigious event is scheduled to take place between July 27 and August 7, 2020.
Recently, Commonwealth Games India (CGI) submitted its proposal to host a Commonwealth shooting event and an archery event in India during 2022. But the federation is yet to announce that if the medals won in the proposed Shooting Championship will be added to the final CWG tally of the countries.

Notes:
India’s Central bank, the Reserve Bank of India recently released various stipulations for the Urban Cooperative Banks (UCB). A UCB shall be placed in the Supervisory Action Framework upon certain conditions announced by the RBI, which include Net NPA exceeding 6% and CRAR ratio falling below 9%. Depending on the financial stress, the lending powers of the UCBs may also be cut short.
The Reserve Bank has made this announcement at the backdrop of the Punjab and Maharashtra Cooperative Bank scam. The new norms would provide faster resolution to the bad assets of UCBs.

Notes:
Veteran Indian artist and painter Akbar Padamsee passed away recently. Akbar is considered as the fore runner of Modern Painting. He was also a Padma Bhushan awardee and a fellow of Lalit Kala Akademi.
Akbar had worked in Paris with another renowned artist S.H.Raza in his art studio ‘Atelier 17’. He had conducted various art exhibitions of his art creations both in India and in other countries. Besides being a painter, he was also a sculptor, photographer and film maker. He settled in Coimbatore, Tamil Nadu during the later years of his life.

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 ‘State Energy Efficiency Index 2019’ was developed by the Bureau of Energy Efficiency (BEE) in association with the Alliance for an Energy Efficient Economy. The index was prepared based on efforts and achievements of states towards implementation of energy efficiency.
Haryana, Karnataka and Kerala have topped this year’s index and are placed in the ‘Achievers’ category. On the basis of Total Primary Energy Supply (TPES) required to meet the state’s actual energy demand, Karnataka, Haryana, Himachal Pradesh and Puducherry topped their groups.

Notes:
The 18th edition of the famous Dhaka International Film Festival was recently inaugurated at Dhaka, the capital city of Bangladesh. The festival will be organised from January 11 to 19, 2020 with the theme of ‘Better Film, Better Audience and Better Society’.
During the eight-day-long festival, which is to be held at various venues in Dhaka, more than 200 films from 74 countries are to be screened. A conference on the theme of ‘Women in cinema’ will also be conducted during the film festival.

Notes:
A two-day workshop and exhibition was recently organised in the Union Territory of Jammu and Kashmir on “Bamboo- A wonder grass”. The workshop focussed on the growth of Bamboo industry in Jammu & Kashmir along the lines of North Eastern Region.
The event was organised by the Ministry of Development of North Eastern Region and the Government of Jammu and Kashmir. During the workshop, Planning Advisor of the North Eastern Council shared various recommendations for the growth of bamboo industry. Union Minister Jitendra Singh inaugurated the workshop.

Notes:
The Armed Forces Veterans Day is celebrated on January 14 every year and was instituted in the year 2017, to commemorate the retirement date of the first Indian Chief of Army Staff, K M Cariappa. He served as the Chief of Army Staff from 1949 to 1953.
The present Indian Army Chief General M M Naravane attended the event organised to observe the Armed Forces Veterans Day and announced that special pensions would be provided to the emergency commissioned and short service commissioned officers who fought in the wars of 1965 and 1971 against Pakistan.

Notes:
The high-level committee on industrial guidance and single window system, chaired by the Chief Minister of Tamil Nadu, Edappadi K Palaniswamy recently approved investment proposals worth Rs 6608 Crores. The fifteen new investments are expected to boost the employment generation in the state.
During the event, the Chief Minister also launched a scheme named ‘Amma Youth Sports Scheme’ to encourage the sporting activities of youth in the state. Amma Youth Sports Committee would be formed under the scheme, which is to be implemented in all gram panchayats and Panchayat unions.