Current Affairs Quiz - November, 2020

Notes:
NITI Aayog and Quality Council of India has recently launched the ‘National Program and Project Management Policy Framework’ (NPMPF).
The report aims to bring radical reforms in the way infrastructure projects are executed in India. Union Road Transport Minister Nitin Gadkari also released the Indian Infrastructure Body of Knowledge (InBoK).

Notes:
An integrated foundation course for the Officer Trainees (OTs) of the Indian Civil Services named ‘AARAMBH’ was launched for the first time in 2019.
The Prime Minister has recently interacted with the Officer Trainees (OTs) of the Indian Civil Services at LBSNAA Mussoorie through a Video conference. This is a part of the AARAMBH course.

Notes:
The nation’s central bank Reserve Bank of India has launched the latest round of Inflation Expectations Survey of Households (IESH). The survey would give vital inputs to RBI for framing the monetary policy.
The survey is conducted regularly in 13 cities namely Ahmedabad, Bengaluru, Bhopal, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai, Patna and Thiruvananthapuram.

Notes:
The percentage of Goods and Service Tax (GST) is decided by GST Council, headed by the Union Finance Minister.
Ministry of Finance has recently published that the GST revenue that has been collected for the month of October 2020 has crossed Rs 1 lakh crore, which is a highest collection after 8 months. The GST revenue collection for the month of Oct 2020 stood at Rs.1,05,155 crore.

Notes:
British Racing Driver Lewis Hamilton has recently won the Formula One Emilia-Romagna Grand Prix Tournament.
Mercedes officially clinched the 2020 constructors’ championship. Another Racing Driver Max Verstappen came second while Valtteri Bottas came at the third spot. Hamilton won his third straight race.

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:
TransUnion CIBIL in association with Ministry of Statistics & Programme Implementation (MoSPI) has launched the MSME Credit Health Index.
The index measures the growth and strength of the MSME sector in India. MSME Credit Health Index is built by TransUnion CIBIL using credit data furnished by lending institutions/ banks.

Notes:
The Business Expectation Survey is conducted by National Council for Applied Economic Research (NACER). As per the report of the survey, the Business Confidence Index (BCI) in India rose to 65.5 in the second quarter of FY 20 after recording a sharp drop to 46.4 in the first quarter.
NCAER is a non-profit think tank of economics based at New Delhi. Nandan Nilekani is president of the governing body and Dr Shekhar Shah is current director general of NCAER.

Notes:
The National Green Tribunal (NGT) has recently issued notice to seek response from Ministry of Environment and Forests (MoEF) and four State Governments regarding the ban on use of fire crackers from November 7 to 30 in the interest of public health and environment.
The NGT has also appointed a senior advocate Raj Panjwani and advocate Shibhani Ghosh to assist the tribunal as amicus curiae in the matter.

Notes:
India’s leading private sector bank ICICI Bank has recently announced the launch of India’s first comprehensive banking programme for millennials.
The programme is named as ‘ICICI Bank Mine’ and it offered an instant savings account. As per the bank, any millennial aged up to 35 years can apply digitally for an ‘ICICI Bank Mine’ account. The package also offers investment guidance, customised credit and debit card and many features.