Current Affairs Quiz - January, 2020

Notes:
The Reserve Bank of India has recently granted ‘in-principle’ approval to Shivalik Mercantile Cooperative Bank, to convert into a Small Finance Bank (SFB). It is the first Urban Cooperative Bank (UCB) to be granted such permission after the announcement of RBI in September 2018, about voluntary conversion of UCBs into Small Finance Banks. 
The bank should comply with the requirements of an SFB such as minimum net worth and Capital to risk ratio, as stipulated by the RBI within 18 months of the in-principle approval.

Notes:
The State Government of West Bengal has started an environmental-friendly project to save paper. It has also decided to use digital medium for most administrative works. The State Secretariat,Nabanna already follows the method, which will be extended to other districts as well.
The government also proposed to recycle the paper used for administrative purpose, by converting them into writing pads and reusing them. The process is to be continuously monitored by the state secretariat.

Notes:
According to the recent study published in ‘Astrophysical Journal’, Scientists have discovered thirteen huge black holes in some dwarf galaxies. The galaxies are found to be located several light years from the earth and in half of the galaxies, the black holes are not in the centre of the galaxies.
The high-resolution images of the galaxies with black holes were captured using the Very Large Array (VLA) observatory. It is a radio telescope observatory, which is situated in New Mexico, U.S.A. VLA was set up by the National Radio Astronomy Observatory.

Notes:
The Chairman of the Indian Space Research Organisation (ISRO) recently announced that indigenous relay satellite series called the Indian Data Relay Satellite System (IDRSS) will be launched soon .
The IDRSS is a set of relay satellites that will continuously track the Indian satellites and exchange information with them. The first of the two proposed satellites will be launched by the end of 2020, before the unmanned space flight to be conducted preceding the Gaganyaan Mission. Such crucial missions can be continuously monitored by the new relay satellite series.

Notes:
Pravasi Bharatiya Divas is celebrated every year to mark the contribution of overseas Indian community in India’s development. It commemorates the return of Mahatma Gandhi from South Africa to India on 9 January 1915. The event is organized by Ministry of External Affairs every year on this day since 2003. 2020 marked 16th Pravasi Bhartiya Diwas.

Notes:
PARIVESH is a web based, role based workflow application which has been developed for online submission and monitoring of the proposals submitted by the proponents for seeking Environment, Forest, Wildlife and CRZ Clearances from Central, State and district level authorities. It automates the entire tracking of proposals which includes online submission of a new proposal, editing/updating the details of proposals and displays status of the proposals at each stage of the workflow.

Notes:
Eminent social worker, Dr. Gutta Muniratnam was chosen as the first recipient of ‘Muppavarapu National Award for Social Service’’. The announcement was made during the 10th Anniversary celebration of the foundation. The award was instituted by the Swarna Bharat Trust.
Dr. Gutta Muniratnam is a former member of the National Planning Commission of India and the founder of an NGO named ‘Rashtriya Seva Samithi’ serving the villages of Andhra Pradesh and Telangana. G. Muniratnam is also a Padma Shri awardee.

Notes:
An International Conference cum Exhibition on Civil Aviation sector named ‘WINGS INDIA 2020’ is scheduled to be organised from March 12 to March 15, 2020. The event is to be held at Begumpet Airport in Hyderabad.
Recently the Civil Aviation Minister Hardeep Puri participated in the curtain raiser event for the WINGS INDIA Conference in New Delhi. The Ministry of Civil aviation is to organise the event in association with the industry body FICCI. This is one of the largest events on Civil Aviation in Asia.

Notes:
The famous Indian entrepreneur and co-founder of Flipkart, Sachin Bansal recently acquired the DHFL General Insurance company. He bought the company from the Wadhawan Group of companies for ₹100 crore.
The acquisition is done through the investment firm named ‘Navi technologies’, which was founded by Sachin Bansal along with his IIT batchmate, after quitting Flipkart. The microfinance arm of Navi Technologies, Chaitanya India Fin Credit Pvt. Ltd (CIFCPL), has recently applied for a universal banking licence from the Reserve Bank of India (RBI).

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.