Current Affairs Quiz - October, 2020

Notes:
The Reserve Bank of India (RBI) has extended the enhanced borrowing facility provided to banks by six more months.
The facility to borrow under MSF scheme to meet liquidity shortage till March 31, 2021. Earlier in the March, the RBI had increased the limit from 2 per cent to 3 per cent of their net demand and time liabilities.

Notes:
The Defence Acquisition Council (DAC) headed by the Defence Minister Rajnath Singh has approved capital acquisition proposals in Defence sector worth Rs.229 crore.
The proposals include acquisition of 72,000 assault rifles from the United States of America. These proposals include material acquisitions from both Indian and foreign players and is aligned with Atma Nirbhar Policy of Self Reliance.

Notes:
The United States has committed USD 1.9 million to support vulnerable people in India including those involved in informal sector workers.
This financial assistance from US Agency for International Development (USAID) is provided by the American people to partners in India. This will support the Revive alliance, to address challenges caused by unemployment and income gaps faced by workers.

Notes:
The Island nation of Sri Lanka has recently announced to ban slaughtering of cows across the country.
The Prime Minister of Sri Lanka Mahinda Rajapaksa has announced that a legislature to implement the decision would be moved soon. The Cabinet has decided to import beef and provide it at a lower price to people who consume it.

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:
Abu Dhabi-based sovereign wealth fund Mubadala Investment will invest Rs 6,247.5 crore to acquire a 1.4 per cent stake in Reliance Retail.
This is the fourth investor in Reliance Retail Ventures Ltd (RRVL) and the third such deal recently. Earlier, global private equity firm General Atlantic and Silver Lake bought 0.84 per cent stake and 2.13 per cent stake in the company respectively.

Notes:
The Defence Research and Development Organisation (DRDO) has successfully test fired an indigenously developed laser-guided anti-tank guided missile (ATGM).
The missile was test fired from the third-generation main battle tank, Arjun from a range at Ahmednagar, Maharashtra. The ATGM has been developed with a capability to launch from multiple platforms.

Notes:
October 2 is observed as the International Day of Non-Violence every year by the United Nations, to commemorate the birth anniversary of Mahatma Gandhi.
The UN General Assembly in a resolution on 15 June 2007 declared this day. The objective of this day is to spread the message of non-violence through education and public awareness. Gandhi is known across the world for his non-violence movement ‘Satyagraha’.

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:
Digital payments firm Paytm has recently launched a mini-app store, with an aim to support Indian developers.
This initiative is seen as a direct challenge to Google in the App store system. The payment app was earlier temporarily removed from Google’s Play Store for violating developer guidelines. Paytm provides listing and distribution of these mini-apps within its application.