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 Parliament of Iran has passed a bill, called as “The strategic measure for the removal of sanctions”.
It aims to uplift the country’s nuclear activities, following the assassination of Iranian nuclear physicist Mohsen Fakhrizadeh. The scientist, who died of gun men attack, was the head of the Iranian Defense Ministry’s innovation center.

Notes:
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman delivered a Keynote Address at the 20th Edition of Sri Lanka Economic Summit (SLES) 2020 in virtual format.
SLES is annually organized by the Ceylon Chamber of Commerce (CCC). The theme for this year’s event is “Roadmap for Take-off: Driving a People –Centric Economic Revival”.

Notes:
The Municipal Bonds issued by Lucknow Municipal Corporation has been listed in the Bombay Stock Exchange (BSE).
The bonds amount to Rs.200 crore and offer 8.5 per cent interest per annum with a tenure of 10 years. Lucknow joins the 8 other smart cities whose Municipal Bonds have been listed in stock exchanges.

Notes:
The New Zealand Government has recently declared a climate emergency. This decision has been taken by the government to stress the fact that if emission cuts are not recorded, the Intergovernmental Panel on Climate Change (IPCC) predictions on adverse environmental effects would be witnessed.
The country also announced that its public sector would strive to become carbon neutral by 2025.

Notes:
In response to the August 4 Ammonium Nitrate explosions that occurred in Beirut, the capital city of Lebanon, a new framework named Reform, Recovery and Reconstruction Framework (3RF) has been announced by the UN Secretary-General Antonio Guterres.
The plan has been prepared jointly by World Bank, the European Union (EU) and the UN.

Notes:
Leading space start-up Pixxel has signed an agreement with the NewSpace India Limited (NSIL) to launch the country’s first private remote-sensing satellite.
The satellite is to be launched on an ISRO PSLV rocket in early 2021. Earlier, regulatory body under the Department of Space called ‘IN-SPACe’ was established to enable private players undertake space activities in India.

Notes:
Chinese scientists have developed a quantum computer named Jiuzhang. China has claimed it to be the world’s first light-based quantum computer.
It is said that the computer can solve extremely esoteric calculations called Gaussian boson sampling in 200 seconds, which a conventional supercomputer would take 600 million years to provide result.

Notes:
India Empowerment Fund is set to be launched by the IIT Alumni Council for investing a sum of Rs.50,000 crore in India’s research system.
The fund would be invested in a period of 10 years. The fund will be operated as IIT Angel Fund and would be regulated under Angel Investor Funds.