Current Affairs Quiz - November, 2020

Notes:
Technology Giant Google has paid Rs 33,737 crore to Reliance Industries Limited’s (RIL) digital subsidiary, Jio Platforms Ltd.
Google will now hold 7.73% stake in Jio Platforms and has joined the list of global investors including Facebook, Silver Lake, General Atlantic among others. This is also the biggest-ever investment of Google in an Indian company.

Notes:
American messaging app Snapchat has recently rolled out a new short-video making feature called ‘Spotlight’.
It would allow users to share short-form videos publicly in its Snapchat app. By the launch of the new feature, Snap Inc. is expected to compete with ByteDance-owned TikTok and Instagram Reels launched by Facebook.

Notes:
Union Agriculture Minister Narendra Singh Tomar has launched Sahakar Pragya, the 45 new training modules developed by the National Cooperative Development Corporation (NCDC).
The modules will impart training to primary cooperative societies in rural areas of the country. The National Cooperative Development Corporation is a statutory Corporation, under the aegis of Ministry of Agriculture and Farmers Welfare.

Notes:
The United Nations Development Programme (UNDP) and Invest India has recently launched the SDG Investor Map for India.
UNDP highlighted 18 investment opportunities areas (IOAs), which are in 6 important SDG (sustainable development goals) enabling sectors including education, healthcare, agriculture among others. This is expected to bridge the SDG financing gap occurred due to the Covid-19 pandemic.

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:
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:
The Chairman of the Defence Research and Development Organisation (DRDO) has recently flagged off the first heavy weight torpedo, Varunastra.
The torpedo was delivered to the Indian Navy at a ceremony held at Bharat Dynamics Limited, Visakhapatnam Unit. It has been designed and developed by Naval Science & Technological Laboratory (NSTL), Visakhapatnam.

Notes:
Odisha is set to celebrate International Sand Art Festival, at its Chandrabhaga Beach starting from December 1, 2020.
The five-day Sand Art Festival festival also coincides with the Konark Festival that is held in the backdrop of the Sun temple in Konark. On account of Covid-19 restrictions, only Indian sand artists will showcase their art using sand, bronze or wood.

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.

Notes:
As per International Air Transport Association’s (IATA), recent report, China’s Shanghai has become the world’s most connected city, replacing London from the top spot.
According to the IATA, London has witnessed a 67% fall in air connectivity due to the prevalent COVID 19 pandemic. With Shanghai added to the top list, world’s four most connected cities are now in China.