Current Affairs Quiz - January, 2021

Notes:
State Bank of India (SBI) has recently executed two inter-bank money market deals with pricing linked to SOFR (Secured Overnight Financing Rate).
SOFR is a replacement for London Inter-bank Offered Rate (LIBOR), which is global reference rate for unsecured short-term borrowing in the interbank market.

Notes:
India’s think tank “NITI Aayog” has recently released a book on “faecal sludge and septage management in urban areas”. This has been jointly developed by National Faecal Sludge and Septage Management (NFSSM) Alliance.
The book is in the form of a report, that enlists 27 case studies on implementation of faecal sludge and septage management (FSSM) initiatives.

Notes:
‘Society of Indian Defence Manufacturers (SIDM)’ is a Not-for-Profit Association, which aims to facilitate the indigenous production in Indian Defence industry.
Recently, an MoU between the Indian Army & Society of Indian Defence Manufacturers (SIDM) was signed to boost use of indigenous spare parts. This took place on the occasion of the 25 years of partnership of the Indian Army with the Confederation of Indian Industry (CII).

Notes:
Tesla Chief Executive Officer the world’s richest person at present, Elon Musk announced that he has decided to give away USD 100 million as prize for the best carbon capture technology.
Carbon dioxide, released in electricity generation and industrial processes can be captured using various methods including post-combustion, pre-combustion and oxyfuel. The International Energy Agency also stated about the role of carbon capture technology in net-zero emissions recently.

Notes:
Recently, the Falcon 9 rocket of Space X set a record for carrying the maximum number of satellites in a single space mission. The rocket carried and deployed 143 spacecraft into their respective orbits successfully.
The rocket was launched from the Space Launch Complex 40 in Florida. Falcon 9 rocket of Space X is a reusable in nature.

Notes:
Former Japanese Prime Minister Shinzo Abe has been honoured with the Padma Vibhushan, the second highest civilian award in India.
President has approved conferment of 119 Padma awards comprising 7 Padma Vibhushan, 10 Padma Bhushan and 102 Padma Shri awards. Former Chief minister of Assam Tarun Gogoi and former union minister Ram Vilas Paswan have been awarded the Padma Bhushan.

Notes:
Lt. Col. (Retd.) Quazi Sajjad Ali Zahir and musicologist Sanjida Khatun, who belong to Bangladesh have been conferred with India’s Padma Shri award for the year 2021.
This is seen as a soft diplomatic move of the country. These awards were announced on the eve of Republic Day. This year, 7 Padma Vibhushan, 10 Padma Bhushan and 102 Padma Shri awards have been conferred.

Notes:
START (Strategic Arms Reduction Treaty) is a bilateral agreement signed in 2010 between the United States and Russia.
The treaty, which emphasised on the reduction and limitation of strategic nuclear arms by the two countries, is set to expire next week. Russia’s lower house of parliament approved the extension of the treaty.

Notes:
Republic of Chad, a land locked country in North – Central Africa, has requested the International Monetary Fund (IMF) for debt restructuring, under the new common framework. Chad’s request makes it the first country to seek debt restructuring from IMF.
Chad has been struggling with high debt burden against a backdrop of the coronavirus crisis.

Notes:
The Economist Intelligence Unit (EIU) has recently released an index named “’Asia-Pacific Personalised Health Index”.
India has ranked 10th out of 11 Asia Pacific countries in the index. This index measures the readiness of 11 countries – Australia, China, Japan, India, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand and New Zealand in adopting personalised healthcare.