Current Affairs Quiz - January, 2021

Notes:
The World Economic Forum released the 16th edition of the Global Risks Report 2021. It explores how countries and businesses can act on facing these risks.
‘Infectious Diseases’ is ranked as the ‘Top Risk by impact’, while ‘Extreme Weather’ is ranked as the ‘Top Risk by Livelihood’. Infectious diseases was placed at the 10th place in the last year’s report released in 2020.

Notes:
The Jammu and Kashmir administration approved the adoption of a new policy named ‘Land Allotment Policy 2021-30’.
The policy aims to lay down a framework to regulate zoning of industrial areas. It will also cover land allotment for health institutions and educational institutions. The policy aims to promote fair industrial growth in the UT.

Notes:
The domestic capital market, denoted by SENSEX has touched a new height of 50,000 mark for the first time ever.
The Sensex was launched in 1986 as the country’s first equity index. The index commenced operations with 124 points. It reached 1000 points in 1990 and has grown at a compounded annual growth rate of 15.9% to reach 50,000 points in 2021.

Notes:
The report titled “The Inequality Virus” has been released recently by Oxfam International. The report has found that the Covid pandemic has deepened the existing inequalities.
The report has made a comparison that during the national lockdown in India its top 100 billionaires saw their fortunes increase by Rs 12.97 trillion while 70,000 people lost their jobs every hour in the month of April 2020.

Notes:
World Economic Forum (WEF) launched a global coalition at the ongoing Davos Agenda Summit to end racism at work place.
It has been named as “Partnering for Racial Justice in Business” initiative. Recently, Indian companies Infosys and Tata Consultancy Services joined the alliance, whose founding members include 48 organisations including Google, Microsoft, Deutsche Bank, EY, among others.

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 United Kingdom (UK) has launched a New Variant Assessment Platform, which will be used to identify new variants COVID-19 viruses.
It uses genomics expertise possessed by UK and has been dedicated for use by countries which does not have sufficient resources for identifying the new Covid virus strains.

Notes:
The third consignment comprising of three number of France manufactured Rafale fighter jets have arrived at India recently. They would be soon inducted officially into the Indian Air Force. This would move up the Rafael’s fleet to 11 aircrafts in the Indian Air Force.
In September 2016, India had signed an agreement with France for purchase of 36 Rafael fighter jets at a cost of Rs.59,000 crores.

Notes:
The Union Cabinet has cleared and approved the Policy on privatisation of public sector undertakings (PSUs). The policy would lay a detailed road map for presence of government ownership in strategic and non-strategic sectors of the country.
The Government has proposed for the presence of 1 to 4 Government owned entities in strategic sectors and completely exit from non-strategic sectors.

Notes:
The Budget Session of Parliament recently began with the address of President Ram Nath Kovind to the joint sitting of both Houses of Parliament.
During the address, the President mentioned that the ‘Amrut Mahotsav’ will be observed in the country from this year, to mark commencement of the celebrations towards the 75th year of India’s Independence.