Current Affairs Quiz - December, 2020

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:
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:
World Investor Week (WIW) is a week-long global campaign observed to raise awareness about the importance of investor education.
The campaign is promoted by the International Organisation of Securities Commissions (IOSCO). In India, the Securities Exchange Board of India (SEBI) chose November 23 – 29, 2020 to celebrate this week. Various bodies including AMFI, NSDL and stock exchanges conduct awareness campaigns.

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:
As per the US Air Quality Index released recently, Lahore is named the most polluted city in the world, followed by Delhi and Kathmandu.
Lahore, the cultural capital of Pakistan, has reported a particulate matter (PM) rating of 423. The The United States Environmental Protection Agency registers air quality as ‘satisfactory’ if the AQI is under 50.

Notes:
‘Day of Remembrance for all Victims of Chemical Warfare’ is observed on November 30 every year, across the world.
United Nations observes the day to pay tribute to millions of lives lost round the globe in the wake of chemical warfare. ‘Organisation for the Prohibition of Chemical Weapons’ (OPCW) is the implementing body for Chemical Weapons Convention. It is headquartered at the Hague, Netherlands.

Notes:
Dubbed as the “world’s loneliest elephant”, the 36-year-old bull elephant at Islamabad zoo has been shifted to a Cambodian sanctuary.
This step is taken after years of outcry of public and activists and recent campaigning by American pop star Cher. Kaavan is the only Asian elephant in Pakistan, where the elephants at other zoos are African. Kaavan’s mate Saheli, who arrived from Sri Lanka, died in the year 2012.

Notes:
As many as 12 leopards from Sakkar Baug Zoological Park, which came in conflict with the humans, have been transferred to a private rehabilitation centre by Gujarat Forest Department.
The leopard’s maintenance would be done in a Public Private Partnership (PPP) mode by the Government of Gujarat and Reliance Industries Ltd- RIL’s Greens Zoological Rescue and Rehabilitation Kingdom. This is the first of its kind PPP model for protection of wild animals in India.

Notes:
The Defence Research and Development Organisation (DRDO) has created a new laboratory named Defence Geo Informatics Research Establishment.
It has been formed by merging two existing labs namely Manali-headquartered Snow and Avalanche Studies Establishment (SASE) and the Delhi-based Defence Terrain Research Establishment. The new lab will focus on research on the terrain along the borders with China and Pakistan.

Notes:
The Supreme court on Thursday upheld that the Goods and Service Tax (GST) shall be imposed on the sale of lotteries, betting and gambling.
The Bench also highlighted that the GST Act, 2017 defines the goods to include ‘actionable claims’ and included only three categories of such claims namely lottery, betting and gambling, to levy GST. Actionable claim is the claim for a debt related to any benefit from unpossessed movable property and for which relief can be claimed in civil court.