Current Affairs Quiz - November, 2020

Notes:
The Insolvency and Bankruptcy Board of India (IBBI) has recently amended regulations to fast-track the resolution process.
Under the new regulations, the liquidator of a stressed firm can assign or transfer an asset, which is not readily realisable, to any person after consulting consultation committee of stakeholders. With NCLT’s approval, they may also distribute the undisposed of assets amongst stakeholders.

Notes:
Union Ministry of Housing and Urban Affairs, National Capital Region Transport Corporation Limited and the New Development Bank signed a loan agreement for lending 500 million dollars for the ‘Delhi-Ghaziabad-Meerut Regional Rapid Transit System Project’.
The Rapid Transit System will provide a fast, safe and comfortable public transport system in the National Capital Region.

Notes:
Prime Minister Narendra Modi along with his Bhutanese counterpart Lotay Tshering has recently launched RuPay card Phase-II, in a virtual mode.
This will allow Bhutanese card holders to access the RuPay network in India. Last year during the visit of Prime Minister Modi to Bhutan, Phase-I of the project was launched, by which visitors from India can access ATMs and Point of Sale (PoS) terminals across Bhutan.

Notes:
The Tungabhadra Pushkaralu is a 12-day festival celebrated in the state of Andhra Pradesh, to honour the Tungabhadra river. It commenced on November 20, this year.
Tungabhadra river starts from the state of Karnataka and continues to flow through two neighbouring states -Telangana and Andhra Pradesh. 12 major rivers across the country are worshipped by a festival named ‘Pushkaralu or Pushkaram’.

Notes:
The Five Eyes is an intelligence alliance comprising Australia, Canada, New Zealand, the United Kingdom and the United States.
It was first formed during the post-World War II times. Under the coalition, there have been joint signals intelligence collection and sharing. The 5 countries hold ministerial consultations regularly on various security issues.

Notes:
The United Nations General Assembly adopted the Declaration of the Rights of the Child on November 21, 1959. On the same date, UNGA adopted the Convention on the Rights of the Child in the year 1989.
World Children’s Day is celebrated on 20 November each year, to promote awareness among children worldwide and improving children’s welfare. The Day also marks the anniversary of the date that the UNGA adopted both the Declaration and the Convention on children’s rights.

Notes:
The US and Taiwan signed an agreement to establish annual economic talks for five years. The agreement can be extended another five years once the current pact is over.
This pact has been signed amidst the objections expressed by China to the support of the US for Taipei. ‘Economic Prosperity Partnership Dialogue with Taiwan’ was also launched, to promote cooperation.

Notes:
Union Food Processing Minister Narendra Singh Tomar has recently inaugurated a mega food park (MFP) at Phagwara of Kapurthala district in the state of Punjab.
The Mega Food park has been built at a cost of Rs 107.83 crores and spread over 55 acres of land. It is expected to benefit over 25000 farmers and create employment opportunities for more than 5000 people. 37 MFPs have been sanctioned in our country as on date, and 20 of them are functioning.

Notes:
As per the recent study conducted by the Central Pollution control board and IIT- Delhi, Indo-Gangetic plains continue to be the most polluted region in the country, in terms of PM 2.5 levels.
The study also revealed that the rate of increase in pollution levels southern and eastern India is greater than the Indo-Gangetic plains, between 2000 and 2019. It also found that air pollution in rural areas of the country increased similar to that of urban areas.

Notes:
The state Government of Kerala has announced a two-day mourning in the state, to mark respect for the Foot Ball legend Diego Maradona, who passed away recently.
Diego Maradona was a professional football player belonging to Argentina. He has won the most prestigious “FIFA Player of the 20th Century award” and is recognised as the greatest football players of all times.