Current Affairs Quiz - November, 2020

Notes:
Union Cabinet has recently approved the merger of Lakshmi Vilas Bank (LVB) with DBS Bank India. The Reserve Bank of India had earlier proposed the merger of the private sector lender with the Indian arm of Singapore’s DBS Bank.
It also placed LVB under one-month moratorium and capped withdrawals for depositors. As a part of the amalgamation, DBIL will infuse fresh capital of Rs 2,500 crore into LVB.

Notes:
China has removed the last remaining counties (regions) from a list of 832 extremely poor regions, drawn up in the year 2014.
China also announced that it has lifted 93 million people out of poverty since 2013. China sets its own national standard of extreme poverty, based on a per capita income threshold of 4,000 yuan per year, or around USD 1.52 per day, and other social factors.

Notes:
The Union Cabinet recently approved Rs 6,000 crore equity infusion in National Infrastructure Investment Fund’s (NIIF’s) debt platform.
The fresh capital would be infused over the current and the next fiscal, to fast-track infrastructure development in the country. Out of this, Rs 2,000 crore is expected to be utilised in the current fiscal, while the remaining will be deployed in 2021-22.

Notes:
Prime Minister Narendra Modi launched ‘Har Ghar Nal Yojana’ in the state of Uttar Pradesh. The scheme aims to provide piped water supply to over 4.1 million people in the two districts of Sonbhadra and Mirzapur.
The outlay of the project is Rs 5,555 crore. The scheme will also benefit over 3,000 villages to access piped water supply.

Notes:
Ministry of Youth Affairs & Sports has restored the government recognition to Archery Association of India as a National Sports Federation.
In the year 2012, the Government recognition of AAI was withdrawn, on failure to conduct its elections in accordance with the National Sports Code. In 2020, AAI conducted elections again and elected Tribal Affairs Minister Arjun Munda as President. AAI now has the recognition of Indian Olympic Association and the World Archery.

Notes:
Under a new law approved by the Saudi Arabia’s King Salman bin Abdulaziz al-Saud, the Saudi Arabian Monetary Authority will be renamed to Saudi Central Bank.
However, the Central Bank will continue to use its acronym “SAMA” due to its historic significance and relevance. The new law also mandates the objectives of the Central Bank to maintain monetary stability, support economic growth and to directly report King of Saudi Arabia.

Notes:
November 26 is celebrated as the National Milk Day across the country, to commemorate the birth anniversary of Verghese Kurien.
He is also called the ‘Father of the White Revolution’ and the ‘Milk Man of India’. He was known his contribution in launching ‘Operation Flood’ in India, which made a milk-deficit country to the largest milk producer of the world. He was the Chairman of National Dairy Development Bard and ‘AMUL’.

Notes:
Several groups of farmers from Punjab, Haryana and other parts of the country, demanding the repeal of the new agriculture reform laws passed by the Union Government, are holding protests under the name of ‘Delhi Chalo’.
The farmers were granted permission to hold peaceful protests at Nirankari Ground in North west Delhi. As per the farmers, the new agriculture laws will dismantle the minimum support price (MSP) system.

Notes:
The World Health Organisation has released ‘Guidelines on physical activity and sedentary behaviour’.
As per the guidelines, at least 150 to 300 minutes of moderate to vigorous aerobic activity per week is recommended for all adults. It also highlights that one in four adults, and four out of five adolescents, do not get enough physical activity, which causes a significant loss in productivity.

Notes:
The United Arab Emirates (UAE) is set to become the first Arab Gulf country to generate electricity from coal.
A USD 3.4 billion Hassyan coal plant is being set up in Dubai with a capacity of 600 MW. The capacity is expected to increase to 2,400 MW by 2023. Most of the existing power plants in UAE runs on Gas.