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:
Reserve Bank of India recently released a discussion paper on revised regulatory framework for Non-Banking Financial Companies (NBFCs).
As per the paper, the regulatory and supervisory framework of NBFCs shall be based on a four-layered structure namely Base Layer, Middle Layer, Upper Layer and a possible Top Layer. RBI also recommended more power for the NBFC Boards on capital and risk management.

Notes:
The Toshali National Crafts Mela is annually organised in the state of Odisha. This year, the Odisha Chief Minister Naveen Patnaik recently inaugurated the event.
Many artisans from across the state and from many parts of the counry showcased their products in the handloom and handicraft fair. State Handicrafts Award and State Kalakruti Award were also presented to exceptional artisans.

Notes:
Union Home Minster Amit Shah launched Ayushman CAPF scheme, which will benefit around 10 lakh personnel of Central Armed Police Forces (CAPFs) and their family members.
The scheme is a joint initiative of National Health Authority (NHA) with the Ministry of Home Affairs. Cashless and paperless medical treatment will be given to the beneficiaries at 24,000 hospitals in the country.

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:
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:
The Defence Research Development Organisation (DRDO) has successfully conducted the maiden launch of Akash-NG (New Generation) Missile. It is a New Generation Surface to Air Missile designed to be used in Indian Air Force.
It has the capacity to intercept high maneuvering low RCS aerial threats. The test was carried out at the Integrated Test Range off the coast of Odisha.

Notes:
Giuseppe Conte resigned as Italian prime minister, as he lost the majority in the Senate due to a recent coalition rupture.
The Italian President Sergio Mattarella is set to hold formal consultations with all the parties before deciding the course of action.

Notes:
India is set to despatch 500,000 doses of Covishield vaccines to Sri Lanka as grant assistance under its “Vaccine Maitri” initiative.
Under the initiative, India has already delivered nearly five million doses to seven countries in the neighbourhood including Maldives, Nepal, Mauritius among others. The Vaccine Maitri (Vaccine Friendship) initiative was launched on January 20.

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.