Current Affairs Quiz - October, 2020

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:
The Environment Minister of France has announced that it would impose a gradual ban on using wild animals including bears, tigers, lions and elephants in circuses.
It also includes the ban on keeping dolphins and killer whales in captivity in marine parks and raising mink on fur farms. However, the ban does not apply to wild animals in other permanent shows and in zoos.

Notes:
As per the Appointments Committee of the Cabinet, senior bureaucrat P D Vaghela has been named as the new Chairman of the Telecom Regulatory Authority of India (TRAI).
P D Vaghela was a 1986- batch Gujarat cadre IAS officer replaces R S Sharma, who has held the post since 2015. Vaghela is to hold will serve as TRAI Chairman for three years or till he attains the age of 65.

Notes:
“Air India One” is a custom made B777 aircraft and is manufactured by Boeing. It will be used to fly the President, Vice President and Prime Minister of India.
Another custom-made B 777 plane for the VVIP s would be received shortly from Boeing. These two planes were a part of Air India’s commercial fleet till 2018. They were sent to Boeing for retrofitting them for VVIP travel, at a cost of Rs.8400 crore.

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:
RAISE 2020 – `Responsible Artificial Intelligence for Social Empowerment 2020’ would be organized jointly by Ministry of Electronics & Information Technology and the national think tank NITI Aayog.
The event would be held from October 5 – 9, 2020 in a virtual mode. Prime Minister Narendra Modi would inaugurate the summit.

Notes:
Singapore based sovereign wealth fund GIC and global private equity firm TPG Capital have invested a total of Rs. 7,350 crores in Reliance Retail.
Reliance Retail Ventures has attracted more than USD 2 billion in investments from global investors, over the past few months. GIC will invest for a 1.22 percent stake while TPG Capital Management will invest for a 0.41 percent equity stake.

Notes:
The National Stock Exchange of India Ltd (NSE) has completed its live trading and other business operations from a Disaster Recovery (DR) site.
As per a release from NSE, all commercial operations of the exchange were executed from the DR site which is located in another city, which is a replica of the main production site located in Mumbai. After successful testing of the DR site, the operations were reverted to the original site.

Notes:
Indian Army has signed a Rs.7,796 crore project with ITI Limited, a telecom & Defence equipment manufacturing PSU.
The project has been signed for Phase IV of Army Static Switched Communication Network (ASCON) project. The ASCON is a telecom network for secured communication across the country. The project also includes maintenance of the network for a period of 10 years by ITI Limited.