Current Affairs Quiz - November, 2020

Notes:
India has recently signed reached landmark agreements on financial services, infrastructure and sustainable finance.
These were signed at the 10th Economic and Financial Dialogue (EFD) between the UK and India. It was jointly chaired by Finance Minister Nirmala Sitharaman and the UK Chancellor Rishi Sunak. This is expected to boost jobs and investments in both countries.

Notes:
The 15th Finance Commission (FFC) has announced that it is set to submit its report to Indian President Ram Nath Kovind on 9 November, this year.
The report will have recommendations for next five years beginning the financial year 2021-22. The report may be tabled in the Parliament along with action taken report by the government, during the next budget session.

Notes:
The UK India Business Council (UKIBC) has released a report named ‘Doing Business in India Report 2020’. The report has been launched by UK Investment Minister Lord Gerry Grimstone.
The report has been compiled based on the inputs from 106 UK organisations operating in India in manufacturing, services, and higher education sectors.

Notes:
Prime Minister Narendra Modi has recently inaugurated 17 tourism projects around the Statue of Unity complex, at Kevadia in Narmada District, Gujarat.
Sardar Patel’s birthday is being celebrated as Ekta Divas. The Prime Minister inaugurated the projects on the same day, and the 17 tourism projects are called the “Kevadia tourism circuit” have been themed around “Unity”.

Notes:
As per the Public Affairs Index-2020 released by the Public Affairs Centre, Kerala was adjudged the best governed State in the large States category.
States were ranked on governance performance based on a composite index in sustainable development. Kerala is followed by Tamil Nadu, Andhra Pradesh and Karnataka. Uttar Pradesh is ranked at the bottom of the list.

Notes:
India’s premier think tank Niti Aayog has recently released a draft model Act and rules on conclusive land titling, to be used by the states. The draft rules aim to reduce litigations and ease the land acquisition process for infrastructure projects.
The draft provides state governments with power to order for establishment, administration and management of a system of title registration of immovable properties.

Notes:
On November 1, several Indian states like Tamil Nadu, Kerala, Haryana, Madhya Pradesh, Chhattisgarh and Karnataka were formed.
The day is recognised as Statehood Day or State Formation Day. Andhra Pradesh, Tamil Nadu, Karnataka, Madhya Pradesh and Kerala were formed in 1956. Punjab and Haryana were formed in 1966.

Notes:
BRICS Business Forum, which is an important annual event of the BRICS Business Council was hosted by Russia from October 20 to 28, 2020. President of the Chamber of Commerce and Industry of Russia is the current Chairman of the BRICS Business Council.
BRICS Business Forum was held in via Video Conferencing under the title “BRICS Business Partnership: Common Vision for Sustainable Inclusive Development”.

Notes:
Union Finance Ministry of India has recently announced that Abu Dhabi’s Sovereign Wealth Fund (SWF) has become the first foreign SWF that has been notified.
MIC Redwood 1 RSC Limited will get 100 per cent income tax exemption for the long-term investments to be made in specific priority sectors in India.

Notes:
A Memorandum of Understanding (MoU) with Ministry of New and Renewable Energy (MNRE) has been signed by Indian Renewable Energy Development Agency (IREDA). The MoU sets key targets for IRDAI to be achieved in the year 2020-21.
IREDA is a “Mini Ratna” Public Sector Enterprise under the Ministry of New and Renewable Energy. It is categorized as a Public Financial Institution and NBFC by Reserve Bank of India.