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:
The Indian Navy has taken two MQ-9B Sea Guardian drones from an American defence company, on lease for 1 year.
The unmanned aerial vehicles, manufactured by US firm General Atomics, have been obtained on lease, to enhance surveillance over the Indian Ocean Region (IOR). The vehicles arrived at the naval air station INS Rajali in Tamil Nadu.

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:
West Bengal state government has recently launched a massive outreach programme named “Duare Sarkar” or “Government at your doorstep”.
Under the programme, people can avail the benefit of over 11 schemes of the state including Kanyashree, Khadya Sathi and Sikshashree. Chief Minister Mamata Banerjee had announced to set up ‘Duare Sarkar’ camps in the state for redressing grievances of people.

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 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 (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 Union Government has announced the post of a Deputy Chief of the Army Staff, or DCOAS, (Strategy), to bring about structural reforms in the army.
The proposal for creating this post was initiated before two years. The DCOAS would oversee the work of the Director General of Military Operations (DGMO) and the Director General Military Intelligence (DGMI), who would otherwise report to the Vice Chief f Army Staff.

Notes:
India has signed a Memorandum of Understanding (MoU) recently with the United States of America (USA) to increase intellectual property cooperation between the two nations.
The agreement has been signed by the Department for Promotion of Industry and Internal Trade (DPIIT) – India and United States Patent and Trademark Office (USPTO).