Current Affairs Quiz - January, 2020

Notes:
The 28th edition of the New Delhi World Book Fair 2020 is to be held at Pragati Maidan, New Delhi from January 4 to 12, 2020. To commemorate the 150th birth anniversary of Mahatma Gandhi, the theme of the fair is chosen as, ‘Gandhi: The Writers’ Writer’. Union Human Resources Development Minister Ramesh Pokhriyal will inaugurate the annual fair, which is organised by the National Book Trust (NBT). The Chief Guest of the inaugural event is Gandhian scholar Girishwar Mishra.  

Notes:
The 12th edition of the ‘Naseem-Al-Bahr’ bilateral exercise between the navies of India and Oman is to be held in Goa. The exercise is held once in every two years between Indian Navy and the Royal Navy of Oman since 1993.The previous edition of the exercise was held in December 2017 in Muscat, Oman.
Recently, two naval ships of the Oman Navy arrived in Goa, while the Indian Navy ships Beas and Subhadra will participate in the exercise.

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:
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:
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.

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Madhavpur Mela is a weeklong cultural festival of Gujarat to be held at Madhavpur Ghed in Porbandar district in April, 2020, a day after Ram Navami festival. This year, eight states of the Northern Eastern region will participate.

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.

Notes:
The Prime Minister of India Narendra Modi will participate in the interaction program with students named ‘Pariksha Pe Charcha’ scheduled for the year 2020. The event is to be organised at Talkatora Stadium in New Delhi on January 20.
The Human Resources and Development Ministry recently asked for suggestions and questions from students, teachers and parents ahead of the grand event. This is the third edition of the event, where the Prime Minister will meet thousands of students and address them about overcoming examination fear.

Notes:
Top professional golfer of Australia, Wade Ormsby recently clinched the Hong Kong Open title for the second time in last three years. Another ace golfer and British Open champion Shane Lowry finished the tour in the second place. The tournament was held in Hanling, Hong Kong.
Ormsby is a 39-year-old golfer, who had earlier won the Hong Kong Open title in 2017, which was his maiden European Tour victory. By this victory, Ormsby is only the second wire-to-wire winner of this tour.