Current Affairs Quiz - January, 2020

Notes:
Automobile Major Hyundai recently unveiled an air electric taxi, developed in collaboration with Uber, in the Consumer Electronics Show 2020.
According to their partnership, Hyundai will develop and deploy vehicles and Uber will provide support service, ground transport connection and customer Interface. Uber is to launch urban commercial flights by 2023 and Hyundai is its first carmaker partner in the project.

Notes:
Tamil Nadu based leading Public sector bank, Indian Bank recently signed an MoU with the Women Entrepreneurs Welfare Association (WEWA), Tamil Nadu. By this partnership, Indian bank will provide financial assistance and training to the members of the association for starting their business.
The entrepreneurs will also be provided credit facilities with discounted rates. The members of WEWA will be trained in INDSETIs (Indian Bank Self-Employment Training Institutes) of Indian Bank society.

Notes:
Retired Indian Police Service Officer and Former Director General of CRPF, Rajiv Rai Bhatnagar was recently appointed as the advisor to the Lieutenant Governor of Union Territory of Jammu and Kashmir.
Rajiv Rai retired from the Central Reserve Police Force in December 2019.He will serve as the third advisor to the Lieutenant Governor, Girish Chandra Murmu. The other two advisors are retired IAS officer K K Sharma and retired IPS Officer Farooq Khan.

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 National Traders Convention was recently inaugurated by the Defence Minister Rajnath Singh in New Delhi. The three-day event is organised by the Confederation of All India Traders (CAIT) and it will highlight the issues faced by the traders.
On the second day, The Union Finance Minister participated in the event and addressed the traders. She assured that the Goods and Service Tax (GST) would be further simplified. Recently Government constituted a committee under the Revenue Secretary for rationalising the GST tax structure.

Notes:
The State Bank of India’s economic research department has lowered its projection for the GDP growth rate of India for FY 20 to 4.6%. Earlier it has projected the GDP rate to be 5%.
The research department also estimated that the GDP of India would be below 6% for two successive years. The CSO also recently estimated the GDP growth of FY20 to be 5%, in lines with the Reserve Bank of India. But the RBI projected 5.9 – 6.3% growth rate for the next fiscal.

Notes:
Supreme Court recently asked the Centre to consider the deployment of the Central Industrial Security Force (CISF) to guard the various courts in India — taking over the job of securing the courts from the local police forces.

Notes:
India levies license fees of 8% of adjusted gross revenues (AGR) from every telecom license holder. The SC on October 24 defined AGR as all revenues of a license holder, and not just revenues from telecom services. Apart from dealing a body blow to telcos, the order also made non-telecom companies holding licenses for internal communications and signaling liable to pay license fees on their entire revenue, even when they do not offer any telecom services.

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:
MILAN is a multilateral naval exercise, which is scheduled to be held at Vishakhapatnam in March 2020. The event was previously planned at Andaman and Nicobar Islands and then has been changed to Vishakhapatnam as navies from many countries are participating in the event.
Nearly 30 international navies have confirmed their participation in the event. The theme of the exercise is “Synergy Across the Seas”. This event would help the navies to have professional discussions and learn the best practices in the naval arena across the world.