Current Affairs Quiz - October, 2020

Notes:
India’s largest carmaker Maruti Suzuki India has announced that it has shortlisted five start-ups, as part of its MAIL (Mobility & Automobile Innovation Lab) programme.
With these new companies, Maruti Suzuki is engaged with 14 start-ups under the MAIL programme in the last 18 months. The initiative aims to create innovative business solutions and promote innovation in automobile sector.

Notes:
Serum Institute of India (SII) has partnered with Gavi COVAX and Bill & Melinda Gates Foundation to produce an additional 100 million doses of the COVID 19 vaccine.
The vaccine is presently being tested by SII. The additional production is targeted at 61 Low- and Middle-Income countries, including India.

Notes:
It is reported that fraudulent transactions amounting Rs 12,705 crore has taken place in Dewan Housing Finance Corporation Limited (DHFL) during FY17 to FY19. These frauds pertain to development of 2 Slum Rehabilitation Authority (SRA) projects undertaken by DHFL.
This observation was made by “Grant Thornton”, a transaction investigating agency. The assistance of Grant Thornton was sought by the administrator of DHFL appointed under Insolvency and Bankruptcy Code.

Notes:
Mineral Exploration Corporation Limited (MECL) has commenced the exploration of the Kolar Gold Fields (KGF) in Karnataka. MECL is a Mini Ratna PSU under the Ministry of Mines.
This mining activity is expected to help resolve Bharat Gold Mines Limited (BGML) issue over exploration of the gold field, which is pending for past 16 years.

Notes:
As per the Reserve Bank of India, India’s external debt stood at USD 554.5 billion at the end of June 2020. It is recorded a decrease of USD 3.9 billion compared to March 2020 level. The main reason for the decrease in external debt was depreciation of INR against major currencies like USD, Euro.
RBI has also stated that external debt to GDP ratio has increased to 21.8 % compared to 20.6 % as of March 2020.

Notes:
The Union Sports Minister Kiren Rijiju has unveiled a new logo of Sports Authority of India (SAI).
The new logo signifies SAI’s journey of transformation from identifying grassroot level talent to creating sporting excellence in India. SAI was established in 1982 and has been an epicentre for sports in India.

Notes:
The 19th round of Foreign Office Consultations between India and Myanmar was recently held through virtual mode.
India committed to provide debt service relief under the G-20 Debt Service Suspension Initiative, for the period May 1, 2020 to December 31, 2020. Both the countries agreed to enhance their mutual cooperation. A Joint Trade Committee Ministerial Meeting is also to be held on October 20.

Notes:
The National Statistical Office (NSO) conducted the first of its kind “Time Use Survey in India” during the period from January to December 2019. The result of the survey has been released recently in the form of a report.
The survey measures the time spent on paid activities, care activities, unpaid activities, etc. NSO conducted the survey covering 1,38,799 households in both urban and rural areas.

Notes:
Apurva Chandra has been appointed as the new Labour Secretary of Government of India. He is a 1988 batch IAS officer belonging to Maharashtra Cadre. He has replaced Heeralal Samariya.
He is an alumnus of IIT Delhi and is a Structural Engineer by education. His first big role will be the implementation of the three labour codes passed by the parliament recently.

Notes:
Bongosagar is the bilateral naval exercise between India and Bangladesh. The second edition of the exercise was held in Northern Bay of Bengal.
Indian Navy ships Kiltan, Khukri and Bangladesh Navy Ships participated in surface warfare drills and other operations. This exercise will be followed by the third edition of India Bangladesh Coordinated Patrol (CORPAT).