Current Affairs Quiz - November, 2020

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:
Antrix Corporation is the commercial arm of the Indian Space Research Organisation (ISRO). It functions under the administrative control of the Department of Space.
Recently, a United States court has asked Antrix Corporation to pay compensation of USD 1.2 billion to a Bengaluru-based startup, Devas Multimedia, for cancelling a satellite deal in 2005.

Notes:
As per the 2020 Annual Report on Immigration to Parliament tabled in the Parliament of Canada, Indian immigrants accounted for one-fourth of the total permanent residencies granted by Canada in 2019.
India has set a new record by becoming the largest source country for permanent residents (PR), with 85,593 of them entering into the country last year. India has been retaining the top spot since 2017.

Notes:
Food Corporation of India and other Government agencies are set to procure 742 Lakh Metric tonnes of paddy during the ongoing Kharif season.
This is seen as a record high paddy procurement. The paddy procurement made by the Government last year was 627 Lakh Metric Tonnes. The number of purchase-centres this year have been increased from 30,791 to 39,122.

Notes:
The Union Ministry of Labour and Employment has notified draft rules for the Industrial Relations Code, 2020. This is expected to enhance the flexibility to employers to retrench workers.
It also mandates that Labour Unions should give a prior notice before a strike. The Government has aimed to implement the labour codes from April 1, 2021.

Notes:
The government has announced that the Food Corporation of India (FCI) has been asked to tie up with rice mills for increasing supply of fortified rice.
The state-run organisation is asked to supply fortified rice through ration shops and other welfare schemes. Out of the 15 states identified for ‘Central scheme on fortified rice and its distribution via public distribution system (PDS)’, five states are implementing it in one district each.

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 Union Ministry of Information and Broadcasting has recently constituted a committee to review guidelines on Television Rating agencies in India. The committee would be chaired by Prasar Bharti CEO Shashi Shekhar Vempati.
The committee has been constituted keeping in view the recent recommendations from Telecom Regulatory Authority of India, TRAI and other technological advancements in the industry.

Notes:
The Reserve Bank of India has announced a Co-Lending Model (CLM) scheme for priority sector lending. Under the new scheme, Banks can enter into a prior agreement with NBFCs for co lending of Priority Sector Loans.
The CLM is an improvement over the co-origination of loan scheme announced by the RBI in September 2018.