Current Affairs Quiz - December, 2020

Notes:
Sadiq al-Mahdi was Sudan’s last democratically elected prime minister and also the leader of the nation’s largest political party. He died recently of COVID-19 at United Arab Emirates.
He was 84 years old. Al-Mahdi was overthrown from power in a 1989 by an autocrat Omar al-Bashir. Al-Mahdi’s party allied with pro-democracy uprising and the military overthrow al-Bashir in April 2019.

Notes:
The insurance sector regulator – Insurance Regulatory and Development Authority of India (IRDAI) has accorded “in principle” approval for merger of Bharti AXA General Insurance with ICICI Lombard General Insurance Company.
On successful merger, the consolidated entity would have a market share of 8.7% in non-life business. Bharti Enterprises own 51% share in Bharti AXA General Insurance and the remaining 49% is owned by French insurer AXA.

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:
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:
India and the United States attended the inaugural meeting of the Counter-narcotics Working Group (CNWG), in virtual mode.
Indian delegation was represented by the Deputy Director General of Narcotics Control Board, Ministry of Home Affairs. The two countries also agreed to improve their data sharing operations to fight the production, distribution, and export/import of drugs and related chemicals.

Notes:
Manila-based Asian Development Bank has signed a USD 50-million policy-based loan for the West Bengal Public Finance Management Investment Programme.
The loan aims to improve financial management and operational efficiencies of the state. A centre for fiscal policy and public finance will be established along with a web-based grievance redressal system for transport corporations and urban local bodies.

Notes:
The Central Board of Indirect Taxes and Customs (CBIC) has mandated to mention the 8- digit HSN code or tariff code for 49 chemical-based products.
The HSN (Harmonised System of Nomenclature) code should be mentioned while issuing the Goods and Services Tax (GST) invoice. At present, businesses mention up to 4-digit tariff code, while issuing invoice. This new direction is expected to curb tax evasion.

Notes:
The Senate of United States of America has passed a bill which envisages to remove the restrictions on number of employment related immigration visas from a particular country.
This bill has been passed unanimously by the Senate. This relaxed legislation is expected to benefit many Indian professionals in America.