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:
BrahMos Aerospace is a joint venture company set up by Defence Research and Development Organisation (DRDO) and Mashinostroyenia of Russia.
Recently, Indian Navy test-fired the naval version of BrahMos missile in the Bay of Bengal. The missile was test-fired from a Rajput-class destroyer INS Ranvijay, hitting a decommissioned target ship. Earlier, the Indian Army and Air Force test-fired the missile.

Notes:
The Asian Development Bank (ADB) has approved a USD 430 million multi-tranche financing facility (MFF) to improve Power Distribution Network of Uttar Pradesh.
Named as the ‘Uttar Pradesh Power Distribution Network Rehabilitation Project’, it aims to improve the quality of electricity supply in the state. The project is estimated to benefit around 70 million people in 46,000 rural villages.

Notes:
The Chardham highway project is a 900-km strategic projects, which aims to provide all-weather connectivity to four holy towns in the state of Uttarakhand- Kedarnath, Badrinath, Gangotri and Yamunotri.
Recently, the Supreme Court has asked the committee monitoring the Chardham highway project, to consider the Defence Ministry’s application to widen three highways in the Indo-China Border up to 7 metres.

Notes:
INS Vikrant is the first indigenous aircraft carrier of India. The sea trials are expected to begin in 2021 and it will be commissioned by 2022.
Also called as the ‘Indigenous Aircraft Carrier 1 (IAC-1)’, INS Vikrant has been constructed by Cochin Shipyard Limited in Kochi, Kerala for the Indian Navy. Recently, the two organisations completed the Basin Trials of the aircraft carrier.

Notes:
The International Day of Persons with Disability is observed on 3rd December of every year.
The theme for this year is “Building back better: towards an inclusive, accessible and sustainable post COVID-19 world by, for and with persons with disabilities”. UNESCO is organizing a global awareness camp named “Tell our stories, enable our rights” on this occasion.

Notes:
As per the Union Ministry of Finance, the Indian Economy is registering a V Shaped recovery of GDP. This was expressed in the latest Monthly Economic Review.
The contraction of GDP in Q1 of current financial year was 23.9% where as the economy has contracted by 7.5 % in Q2. Maximum growth is registered by Agriculture sector followed by Construction.

Notes:
The Reserve Bank of India (RBI) has proposed to increase the limit for contactless card transactions to Rs 5,000 from Rs 2,000 per transaction from January 1, 2021.
This announcement was part of the RBI’s Statement on Developmental and Regulatory Policies, announced during the RBI’s bi-monetary policy announcement. The limit for e-mandates for recurring transactions using cards and UPI is also raised to Rs 5000.

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).

Notes:
The Polavaram lift irrigation project which is being constructed in the state of Andhra Pradesh, is expected to be completed in 2022.
It has been reported that the project would be completed on time and would commence to supply water during Kharif 2022. The Polavaram project is seen as a life line for the irrigation of Andhra Pradesh.