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:
Alphabet Inc’s Google has recently announced that it is set to launch a virtual private networks (VPN) service for its consumers.
The VPN service would be available for its Google One cloud storage services. VPN is used by individuals in countries where access to certain sites and services have been banned by governments.

Notes:
The Indian Navy has successfully test fired its anti-ship missile in the Bay of Bengal from its Guided Missile Corvette INS Kora.
The anti-ship missile was launched by its Missile Corvette INS Prabal, which hit the target with precise accuracy. The missile was launched as part of a mega drill involving several aircraft carriers, attack helicopters and other assets of the Navy.

Notes:
The United Nations General Assembly has designated the 31st of October as World Cities Day. This year the theme is ‘Valuing Our Communities and Cities’.
The Day aims to promote international community’s interest in global urbanization and contribute to sustainable urban development around the world. UN-Habitat launched Urban October in 2014, to highlight the urban challenges around the world.

Notes:
As per the CEO of NITI Aayog, the number of Unified Payments Interface (UPI)-based transactions crossed the 2 billion mark in October 2020.
The UPI transactions grew 80 per cent from 1.14 billion transactions that were recorded in October 2019. This has signified that the digital mode of payments has been widely accepted by the people.

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:
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:
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.

Notes:
As per the recent statement from the Earth Sciences Ministry, the Economic benefits from the use of weather forecasting services to farmers and fishermen since 2015 amounted to Rs 19,000 crore.
The Ministry cited a study it had commissioned from the research firm National Council of Applied Economic Research (NCAER). The Ministry also stated that this can record Rs 5000 crore, when extrapolated to the next five years.

Notes:
The Virtual Global Investor Roundtable (VGIR) is being organised by the Ministry of Finance and the National Investment and Infrastructure Fund, the Prime Minister’s Office (PMO).
Prime Minister will chair the Investor Roundtable conference, which will provide an opportunity to leading global investors and Indian business houses to discuss with policy makers.