Current Affairs Quiz - December, 2020

Notes:
The Central Government has decided to forego interest on eight specified categories of loans paid up to Rs two crore, on account of Covid-19 pandemic.
The Supreme Court of India has directed the government again to take steps to forego the interest in eight categories of loans, namely MSME, Education, Housing, Consumer durable, Credit card, Automobile, Personal and Consumption.

Notes:
China’s first domestically made nuclear reactor ‘Hualong One’, has started its operations, as per the China National Nuclear Corp (CNNC).
The third-generation pressurised water nuclear reactor has been connected to the national grid. The reactor can generate 10 billion kw-hours of electricity each year and cut carbon emissions by 8.16 million tons. This is expected to reduce China’s dependency in nuclear power from its western allies.

Notes:
The birth anniversary of the first Sikh guru, Guru Nanak is celebrated as the Guru Nanak Dev Gurpurab, commonly called as ‘Gurupurab’.
On this occasion, a book titled ‘Prime Minister Narendra Modi and his Government’s Special Relationship with Sikhs’ was launched. It is published by Ministry of Information and Broadcasting and was released in English, Hindi and Punjabi languages with the messages of Guru Nanak.

Notes:
The World AIDS Day is observed every year on the 1st of December, since 1988. It is an international day dedicated to raise awareness about AIDS and to mourn for those who have lost life due to this pandemic.
The theme for this year’s AIDS Day is “Ending the HIV/AIDS Epidemic: Resilience and Impact”. There were 38 million people living with HIV infection, in the year 2019.

Notes:
BrahMos Aerospace is a joint venture company set up by Defence Research and Development Organisation (DRDO) and Mashinostroyenia of Russia.
Recently, Indian Navy test-fired the naval version of BrahMos missile in the Bay of Bengal. The missile was test-fired from a Rajput-class destroyer INS Ranvijay, hitting a decommissioned target ship. Earlier, the Indian Army and Air Force test-fired the missile.

Notes:
State Bank of India has partnered with National Payments Corporation of India (NPCI) and Japan’s JCB International Co to launch new ‘SBI RuPay JCB Platinum Contactless Debit Card’.
This card has a dual interface feature, under which customers can use it for both contact and contactless transactions, both in the domestic market as well as overseas. The card has been launched on the RuPay network.

Notes:
The Union Minister for Tribal Affairs Arjun Munda has launched a virtual edition of the first ever Aadi Mahotsav celebrated in the state of Madhya Pradesh.
This is a festive being celebrated for 10 days. It would be hosted by Tribes India. The key focus on this year’s Aadi Mahotsav is “tribal craft and culture of Madhya Pradesh”.

Notes:
Facebook-backed Libra cryptocurrency has been renamed as “Deim” which means “Day” in Latin.
The Libra Association has made this decision in order to gain approval from regulators and to increase its publicity. The new Deim crypto currency is proposed to be launched in early 2021, which would be backed by USD.

Notes:
The Indian Government has constituted a Apex Committee for the Implementation of the Paris Agreement (AIPA). It was formed through a gazette notification.
The committee comprises of 17 members. It is entrusted with the responsibility of formulating policies and programmes for implementing the Nationally Determined Contributions (NDCs), under Paris Agreement 2015. The Secretary of Union Environment Minister would be the Chairperson.

Notes:
The Reserve Bank of India’s Monetary Policy Committee (MPC) held on December 4, 2020 decided to keep interest rates unchanged with an “accommodative” policy stance.
The MPC has kept repo rate unchanged at 4% and maintained reverse repo rate at 3.35%. RBI also predicted a real GDP growth of -7.5% for FY21, from the earlier prediction of -9.5%. MPC also expected that the inflation rate will remain high.