Current Affairs Quiz - December, 2020

Notes:
Based on the shadow of the earth falling on the moon, the lunar eclipse is classified into three categories. Full, Partial or Penumbral Lunar Eclipse.
The Penumbral Lunar Eclipse occurs when the moon passes through the outer shadow of the earth. The last full moon occurring in November, before the winter solstice, is also called as the ‘Beaver moon’, named after Beavers, the rodents found in temperate regions.

Notes:
The Asian Development Bank (ADB) and the Government of India has recently signed a USD132.8 million loan to modernize the distribution network and improve the quality of power supplied in Meghalaya.
This project supports the state government’s initiative “24×7 Power for All” initiative. This will also help the state reduce its high technical and commercial losses. Meghalaya has achieved 100 per cent electrification while there were incidents of frequent power interruptions.

Notes:
Small Industries Development Bank of India (SIDBI) has recently launched an asset restructuring web module for the Micro Small and Medium Enterprises (MSME).
The module named ARM-MSME would assist MSMEs to get benefitted from RBI’s MSME restructuring guideline. MSMEs will be able to prepare restructuring proposals by inputting only the most essential data. This service is being offered by SIDBI at no cost to the MSMEs.

Notes:
Avian Influenza, commonly called as the Bird flu, has been detected in a fourth region in Japan. This can be the country’s worst outbreak in over 4 years.
Avian influenza was discovered at a poultry farm in Hyuga city in Honshu island in southwestern Japan. However, the country announced that there is no possibility that humans will contract bird flu from eating poultry or eggs. It has also decided to cull over 1.8 million chickens.

Notes:
The Reserve Bank of India (RBI) has recently directed HDFC Bank to temporarily halt all its digital launches and new sourcing of credit card customers.
The country’s largest private sector lender has been asked to stop the digital launches as the bank had faced technical glitches in the past two years. RBI also asked the bank’s board to examine the lapses and fix accountability.

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.

Notes:
The National Institute of Naturopathy (NIN) is located in the city of Pune. The present building of NIN is called the “Bapu Bhavan”. Gandhiji performed many Naturopathy experiments and organised various national and International activities while staying here.
The Ministry of Ayush has proposed to name the upcoming new campus of National Institute of Naturopathy (NIN), Pune as “Nisarg Gram”.

Notes:
Recently, the state Government of Jharkhand has accepted the Union Government’s alternative offer to meet the GST compensation shortfall for States. By this, all states and 3 UTs have joined the option 1.
To compensate the shortfall in GST, the central government has proposed two options – First, States can borrow ₹1.1 lakh crore out of the estimated ₹ 2.35 lakh crore shortfall or second, states could borrow the entire compensation shortfall through the issue of market debt.

Notes:
The Union Ministry of Information and Broadcasting has recently issued an advisory to all the private satellite channels to ensure that no advertisements that promote prohibited activities are telecasted.
The advisory mentioned that advertisements on online gaming, betting and fantasy sports were misleading and are inconsistent with the Ministry’s Advertising Code.

Notes:
The Hayabusa2 spacecraft belonging to Japan Aerospace Exploration Agency (JAEA) has successfully separated from a capsule in space, and is descending toward Earth.
The capsule is carrying samples from distant asteroid that is expected to provide information about the origin of Earth. The spacecraft was launched from Japan last year.