Current Affairs Quiz - November, 2020

Notes:
Life Insurance Corporation of India has launched a digital application named ‘ANANDA’, which is an acronym for Atma Nirbhar Agents New Business Digital Application.
Using the Digital application, life insurance policy can be applied through a paperless module with the help of the agent or intermediary. The application is developed based on paperless KYC process using Aadhaar-based e-authentication.

Notes:
RE-INVEST (Renewable Energy Investors Meet & Expo) is organised by the Union Ministry of New and Renewable Energy (MNRE), to promote investment in renewable energy.
The 3rd edition of the Meet is scheduled to be held from November 26 to 28, 2020 with the theme of ‘Innovations for Sustainable Energy Transition’. Prime Minister Narendra Modi will inaugurate the virtual meeting. The first two editions were held in 2015 and 2018.

Notes:
India and the United States of America has recently extended the Memorandum of Understanding for cooperation on nuclear energy for 10 more years.
In a joint statement issued by the two countries, this is the tenth year of cooperation between them at the Global Centre for Nuclear Energy Partnership (GCNEP). The MoU was signed at New Delhi in the year 2010.

Notes:
The Union Cabinet of India chaired by the Prime Minister approved a Memorandum of Understanding (MoU) on Cooperation in the field of Physical Culture and Sport signed among BRICS Countries.
Under the MoU, the five countries will help each other in expanding expertise in the area of sports science, sports medicine, coaching techniques etc. This would also strengthen bilateral relations with BRICS member countries.

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In the year 2012, the Government recognition of AAI was withdrawn, on failure to conduct its elections in accordance with the National Sports Code.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:
The Honey FPO Programme of National Agricultural Cooperative Marketing Federation of India Limited. (NAFED) has been inaugurated by Minister of Agriculture and Farmers’ Welfare Narendra Singh Tomar.
Beekeeping will be promoted as an occupation for unemployed women and tribal populations, through these Honey FPOs. A new Central Sector Scheme for Formation & Promotion of new 10,000 FPOs was launched and 2200 FPO clusters for 2020-21 are already allocated.

Notes:
India and Finland recently signed an MoU for developing cooperation in the field of Environment protection and biodiversity conservation.
The MoU also seeks to exchange best practices in areas like prevention of air and water pollution, waste management, and promotion of circular economy. Environment Minister Prakash Javadekar signed the MoU virtually with his Finnish counterpart.

Notes:
Prime Minister Narendra Modi recently chaired the PRAGATI meeting. This marked the thirty-third interaction through the multi-modal platform.
The PRAGATI (Pro-Active Governance and Timely Implementation) involving Central and State governments. Prime Minister along with the Secretaries of the Union and State review various projects and schemes. Grievances registered in various sectors are also taken up.

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:
Faqir Chand Kohli, the founder and the first CEO of Tata Consultancy Services, has recently passed away at the age of 96.
He was also called as the ‘Father of Indian IT Industry’, for his contribution towards the development of IT industry and for pioneering the country’s ‘Technology Revolution’. He received several honours including the Padma Bhushan.