Current Affairs Quiz - November, 2020

Notes:
An Internal Working Group (IWG) of the Reserve Bank of India (RBI) has recommended raising the cap on promoters’ stake in private sector banks to 26% in 15 years.
At present, the percentage of stake is mandated at 15% of the equity share capital of the bank. The group also suggested to allow large corporate or industrial houses, as promoters of banks after necessary amendments to the Banking Regulation Act, 1949.

Notes:
India International Cherry Blossom Festival is annually celebrated in Meghalaya, which attracts a large number of tourists in its capital city, Shillong.
The pink Cherry flowers have started blooming in Shillong and is expected to bloom till the end of November. This year, the festival has been cancelled due to COVID-19 pandemic.

Notes:
A cow shelter based in Assam’s Dibrugarh named Shree Gopal Gaushala inaugurated Northeast’s first-ever cow hospital.
The hospital is called Surbhi Aarogyashala, is set up at a cost of Rs 17 lakhs. It is expected to provide services in a radius of 30 kilometers. Presently, there are over 350 cows in the shelter.

Notes:
Indian army has successfully test fired the land-attack version of the surface-to-surface supersonic cruise missile BrahMos, in the Andaman and Nicobar.
The range of the new version of the missile has been extended to 400 km from the original 290 km. The Indian Air Force and the Indian Navy will carry out separate test-firing of the new version of the air-launched and naval versions of the missile.

Notes:
HDFC Bank became the first bank in the Indian history to cross the Rs 8-trillion market capitalisation milestone.
The stock price has also surpassed its previous lifetime high and stood at Rs 1464 apiece on the BSE. The private sector bank now stands at third position in the overall market-cap ranking of listed companies, after Reliance Industries and Tata Consultancy Services that have crossed Rs 10 trillion.

Notes:
As per the recent report released by ‘Transparency International’, as many as 74 per cent of the respondents said corruption is one of the biggest problems in their country.
The report also highlighted that around 19 % paid a bribe in the last 12 months, to access public service and youngsters are more likely to pay a bribe or use personal connection to avail public service.

Notes:
Argentina’s Football legend Diego Maradona, regarded as one of the greatest footballers of all time, passed away due to a cardiac arrest, the age of 60.
The country is to observe three-day mourning for the legendary footballer, who helped Argentina life the World Cup in 1986. Maradona made his debut in the country’s football team before the age of 16. He has won several awards including FIFA Player of the Century.

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:
The United Kingdom is set to impose a new competition regime next year to prevent Google and Facebook from using their dominance on smaller firms.
The regime is set to be enforced by a unit within the Britain’s competition regulator, the Competition and Markets Authority (CMA). Google and Facebook accounted for around 80% of 14 billion pounds spent in the country in 2019.

Notes:
The Government of Scotland has passed a bill making sanitary products free to all women in the country. This makes the country the first nation in the world to take such a step.
The Period Products (Free Provision) Scotland Bill was passed unanimously in the Scotland assembly and the government sees it as an important policy for women and girls in the country.