Current Affairs Quiz - December, 2020

Notes:
The Bureau of Energy Efficiency (BEE), a statutory body under the Union Ministry of Power celebrates December 14 as the National Energy Conservation Day.
The Day is being celebrated every year since 1991, to exhibit India’s steps taken towards energy conservation. BEE spreads awareness amongst the people about energy efficiency and the need to shift to sustainable energy sources.

Notes:
Project Loon is the subsidiary of Technology giant Google. It undertakes the project of delivering internet access to remote parts of the world.
The project uses helium-filled balloons for this purpose. In the month of October, the company has announced that the balloons set a new record for the longest stratospheric flight by staying in air for 312 days.

Notes:
The Reserve Bank of India (RBI) has decided to set up an Automated Banknote Processing Centre (ABPC) in Jaipur.
The Centre would undertake all processes for receipt, storage and dispatch of currency notes. It would also process the banknotes received from currency chests and bank branches, and destroy soiled banknotes in an automated manner.

Notes:
The Union Cabinet headed by the Prime Minister has recently approved the next round of auctioning of the telecommunication spectrum. A total of 2251.25 MHz is being offered for auction valued at Rs.3,92,332.70 crore.
The most recent Spectrum auction in India was held in the year 2016, with the government raising Rs 65,789.12 crore in revenue.

Notes:
The State Bank of India in its recent Ecowrap report has lowered India’s GDP contraction for FY 21 from earlier 10.9% to 7.4%.
The report states that it would take nearly 7 quarters from Q4 for the current financial year, to reach the pre-COVID output and growth levels.

Notes:
The Young Champions of the Earth prize is given every year by the United Nations Environment Programme (UNEP) to seven scientists, entrepreneurs, engineers and activists, who have contributed ideas for sustainable environment change.
Every prize awardee would receive a prize amount of $10,000 as seed fund for development and incubation of their ideas.

Notes:
The US Federal Reserve has recently joined the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).
NGFS is an international group of central banks of various countries, that has a special focus on climate change risks. It is headquartered at Paris, France.

Notes:
Odisha Chief Minister Naveen Patnaik has launched ‘PAReSHRAM’ portal, for the industrial development of the state.
The Chief Minister also launched 22 online services of Department of Labour and Employees’ State Insurance (ESI). The portal will have information regarding different labour laws. Entrepreneurs can get registration certificate, licence and approval through the portal.

Notes:
The World Bank has recently released the corrected Doing Business rankings after review of data irregularities.
The World Bank corrected the rankings of China, Saudi Arabia, United Arab Emirates and Azerbaijan. China’s rank in 2018 would have been 85, a drop of 7 places. India holds the same place of 63 in the Doing Business 2020 report.

Notes:
Defence Minister Rajnath Singh handed over three indigenously developed systems developed by the Defence Research and Development Organisation (DRDO) laboratories, to Army, Navy and Air Force.
Indian Maritime Situational Awareness System (IMSAS) was handed over to the Navy, ASTRA Mk-I Missile to the Air Force and Border Surveillance System (BOSS) to the Army, which was already deployed in in Ladakh.