Current Affairs Quiz - December, 2020

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:
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 cyclone name “Burevi” was suggested by Maldives. The second cyclone approaching India from Bay of Bengal has been named as “Burevi” as per the guidelines of World Meteorological Organisation (WMO).
The storm commenced its course from South West Bay of Bengal and it is the fifth tropical cyclone system that has developed in the Norther Indian Ocean, this year.

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 18th-century idol of Goddess Annapurna that was stolen from a temple in Varanasi, is being returned by Canada.
As per a government statement, the ancient idol was stolen about 100 years ago. The idol is said to have housed in Canada’s MacKenzie Art Gallery. It was handed over to India’s High Commissioner to Ottawa.

Notes:
CLMV countries are Cambodia, Laos, Myanmar and Vietnam. They are also the members of the Association of South East Nations (ASEAN).
During the Inaugural Session of the 6th India – CLMV Business Conclave 2020, India invited the CLMV countries to join the International Solar Alliance and the Resilient Supply Chain Initiative by India.

Notes:
The United Nations Commission on Narcotic Drugs (CND) is one of the commissions of the United Nations Economic and Social Council (ECOSOC), headquartered at Vienna, Austria.
Recently, during a reconvened session of CND, 53 member states voted for removing Cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs, where it was listed with deadly and addictive drugs. 27 members including India, voted for removing Cannabis from the convention.

Notes:
A Legislation has been passed by the USA’s House of Representatives that seeks to create an initiative to study and promote the legacies of Mahatma Gandhi and Martin Luther King. 
This paves way for an annual educational forum for scholars and researchers of both countries that would revolve around the preaching and ideologies of Gandhi – Martin Luther King.

Notes:
The Indian Council for Cultural Relations (ICCR), an autonomous body under the administrative control of Ministry of External Affairs. It was founded in 1950 by Maulana Abul Kalam Azad.
As per the ICCR president Vinay Sahasrabuddhe, the body is surveying the textbooks taught in the schools of more than 200 countries, under the “Global understanding of India project”, to understand what is taught about India globally.