Current Affairs Quiz - October, 2020

Notes:
Prime Minister Narendra Modi attended a first virtual summit with his counterpart of Denmark, Mette Frederiksen.
As per the joint statement, the new ‘Green strategic partnership’ will be based on existing Joint Commission for Cooperation for cooperation in various fields including politics, energy, environment and education.

Notes:
Flipkart and Bajaj Allianz have collaborated to offer ‘Digital Suraksha Group Insurance’.
The insurance product is aimed at customers who wish to cover themselves against financial losses incurred due to cyber-attacks, cyber frauds, or other such activities on online platforms. This insurance covers for direct financial loss due to online frauds up to the sum insured.

Notes:
Major E-commerce giant Amazon has launched its new Fulfilment Centre in Tamil Nadu. This is aimed to strengthening the firm’s network in the state.
This facility is expected to offer significant employment opportunities in Tamil Nadu and give a boost to the Economy. The facility has a 7 lakh cubic feet of storage space and can accommodate lakhs of products, appliances and furniture.

Notes:
Suresh Prabhu, Member of Parliament from BJP, took part in the 3rd G20 Sherpas’ meeting, which was held in a virtual mode. He encouraged the member nations to enhance renewable energy production.
The G20 meeting is being organised under the Presidency of Saudi Arabia and the Sherpas’ meeting was attended by 30 participants including 20 countries.

Notes:
The Indian Council of Medical Research (ICMR) has developed highly purified ‘Antisera’ for prevention and treatment of Covid-19.
ICMR along with Hyderabad-based Biological E. Limited have developed highly purified antisera, which was raised in animals, for prophylaxis and treatment of COVID-19. This was previously used in medical science to treat many viral and bacterial infections.

Notes:
The Union Finance Ministry has permitted Uttar Pradesh to raise an additional Rs.4851 crore of debt which is linked to the reforms undertaken in Public Distribution System (PDS). The additional borrowing can be done by rolling out “One Nation One Ration Card” scheme in the state.
Andhra Pradesh has been permitted for additional borrowing of Rs.2,525 crore for which it will have to make reforms on Ease of Doing Business. In May, the centre increased the borrowing limits of states from 3% to 5% of GSDP. Out of the additional 2%, 0.25% is linked to reforms in PDS and 0.25% is linked to ease of doing business.

Notes:
The Department of Economic Affairs of the Union Finance Ministry is responsible for preparing the Union Budget.
The Finance Ministry has commenced the exercise for Union Budget 2021-22 by issuing the traditional circular. The Budget is expected to be presented to Parliament on February 1, 2021. The discussions will start from October 16 and continue till the first week of November.

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).

Notes:
The all-weather “Atal Tunnel” which was constructed by the Boarder Roads Organisation (BRO) has been inaugurated by Prime Minister Narendra Modi.
It is the longest highway tunnel in the world that is 9.02 km long. It connects Manali to Lahaul-Spiti valley throughout the year. The tunnel reduces the distance between Manali and Leh by 46 km.

Notes:
European Union has imposed sanctions against Belarus, the land locked eastern European country.
The sanction has been imposed to pressurize the President to hold fresh elections in the country. Earlier, UK and Canada imposed sanctions against Belarus. It has been alleged by various nations that the elections which took place in Belarus on August 9 was not held by fair means.