Current Affairs Quiz - December, 2020

Notes:
Russia has successfully test fired a ‘Tsirkon’ hypersonic cruise missile in the Arctic Region recently. The missile was fired from a frigate war ship named Admiral Gorshkov.
The missile was fired from the white sea on to a naval target located 450 km away in the Barents Sea. The missile cruised at a speed of over Mach 8 and brought down the target.

Notes:
The Gross Domestic Product (GDP) of India has contracted by 7.5 % in the second quarter of the financial year 2020-21. The contraction in GDP is registered for the second consecutive quarter and hence India is said to have entered ‘Technical Recession’.
The real GDP in the first quarter of 2020-21 (April – June) registered a record low of 23.9% contraction.

Notes:
The Union Minister of Environment, Forest and Climate Change Prakash Javadekar has recently launched a portal named India Climate Change Knowledge Portal.
The portal would contain all major initiatives taken by the Government of India address the climate change and environment related issues. The portal is expected to be a single point of information regarding climate change initiatives.

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:
The France’s new security bill makes it an offence to show the face or identity of any Police Officer on duty with the aim of damaging the officer’s integrity. The offence would make the convict liable of one-year imprisonment.
This proposed amendment is protested by many people in France and is seen a curtail of press freedom. It is feared by many that this law would increase police brutality on civilians.

Notes:
The festival named Dev Deepawali is celebrated in Indian city. This is a festival of lights and is celebrated in the Poornima day of the Karthik Month of Hindu calendar.
This year’s celebration is attended by the Prime Minister of India Narendra Modi. During the event, 11 lakh earthern lamps were lit on both sides of river Ganga.

Notes:
The recent spread of Leaf Fall Disease in rubber plantations of Thailand has been a cause of worry to Indian Plantations.
In November, the total affected area of rubber plantation of Thailand was 90,000 ha and there is a potential production loss of 1.30 lakh tons of rubber. It has been cited by Rubber Board officials that the disease has the potential to spread to India.

Notes:
The Parliament of Australia has recently passed a legislation that permits the country to block any agreement made between the country and a foreign government.
The legislation empowers foreign minister to veto any international agreement that are inconsistent with the foreign policy of Australia or is seen to affect Australia’s interest.

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 Chairperson of HCL Technologies Roshni Nadar is listed to be wealthiest woman of India in the year 2020.
The list of 100 leading Wealthy Women in India has been recently released by Kotak Wealth Hurun. Out of the 100 women, 31 self-made women on the list. Biocon founder Kiran Mazumdar Shaw has been ranked second in the list.