Current Affairs Quiz - March, 2020

Notes:
World Consumer Rights Day is celebrated every year on March 15 across the world to spread awareness about the rights and needs of a consumer. Several awareness programmes are held across the world on this day.
This year, the theme of the World Consumer Rights Day, according to the Consumers International organisation is – “Sustainable Consumer”. In India, 24th December is observed as National Consumer Day every year.

Notes:
The Union Labour Minister Santosh Kumar Gangwar recently informed that the number of job seekers in the country marginally declined between 2015 and 2017 from 4.35 crore in 2015 to 4.24 crore in 2017.
This is the count of job seekers who registered on live register of employment exchanges. The minister also added that all of them may not necessarily be unemployed. The Labour bureau has revamped quarterly employment survey (QES) with the objective to measure relative change in employment situation.

Notes:
The competition authority of France recently slapped a record 1.1 billion euro (equivalent to $1.2 billion) fine on US tech major Apple.
The fine was imposed for the firm’s anti-competitive behaviour towards its independent retail distributors. The country’s authority announced that it found Apple prevented independent retailers in France from competing on price and allegedly used its economic power on them.

Notes:
A bill that seeks to convert three existing regulatory bodies under the Civil Aviation Ministry into statutory bodies was passed by Lok Sabha. The Aircraft (Amendment) Bill, 2020 was passed by a voice vote and the bill seeks to amend Aircraft Act, 1934.
The regulatory institutions, which are mentioned in the bill are DGCA (Directorate General of Civil Aviation), BCAS (Bureau of Civil Aviation Security) and AAIB (Aircraft Accident Investigation Bureau).

Notes:
Karan Bajwa has been recently appointed as the Managing Director of Google Cloud in India. Prior to this appointment, he was serving as the Head of IBM’s India operations. He has also worked in Microsoft for nine years before that.
In this new role, Karan Bajwa will be responsible for monitoring all revenue and market operations for Google Cloud’s solution portfolio.

Notes:
Defence Acquisition Council (DAC) approved the procurement of 83 Tejas fighter aircrafts, which are manufactured by Hindustan Aeronautics Limited (HAL).
The Light Combat Aircraft Tejas is indigenously designed by Aircraft Development Agency (ADA) under the Defence Research and Development Organisation (DRDO). This order of 83 air-crafts is in addition to the previous order of 43 air-crafts approved earlier.

Notes:
The state government of Uttarakhand issued orders to remove reservation in promotions for SC/ST employees.
In the month of February 2020, the Supreme Court stated that the government is not bound to make reservations and claiming reservation in promotions is not a fundamental right. Now Uttarakhand government has implemented government order which bans reservation in promotion and removed the restriction in promotions in all state government departments.

Notes:
The Reserve Bank of India (RBI) is conducting Open Market Operations (OMO) in the form of purchase of Rs 10,000 crore worth government securities.
This important step of the central bank has been announced at the backdrop of the increased risks of COVID-19 pandemic. The operation would increase the liquidity in the Indian economy and would help the financial market segments which are affected by the economic risks.

Notes:
The Reserve Bank of India (RBI) has extended the validity of authorization issued to IT service management company Vakrangee, to setup, own and operate the White Label ATMs (WLA) in India.
The validity of authorization has been extended till 31 March 2021. RBI has assigned a target of minimum 1,000 ATMS to be deployed by Vakrangee for three years starting from 2020, with the stipulated ratio in Metro & Urban, Semi-Urban and Rural regions.

Notes:
The Defence Ministry has recently signed an 880-crore contract with Israel Weapons Industries (IWI) for procurement of 16,479 light machine guns (LMGs).
According to the contract which was signed with the Israel-based arms industry company, it would provide Negev 7.62 x 51 mm light machine guns to the Indian armed forces. This type of LMG is a combat proven weapon and used by several countries around the globe at present.