Current Affairs Quiz - October, 2020

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:
Google India has recently announced the launch of its nationwide campaign named ‘Make Small Strong’.
It aims to help support small businesses and enhance demand through customer support. It encourages people to buy locally and promote their favourite retailers by posting reviews. This new programme is based on feedback from Small and Medium Businesses.

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:
Major Tech company Google has planned to pay USD 1 billion to publishers globally for their news over the next three years.
The CEO of Google, Sundar Pichai said the new product called Google News Showcase will be launched first in Germany. It will be unveiled in Belgium, India, the Netherlands and other countries. Google will pay publishers to create high-quality content for the news feature.

Notes:
Indian Meteorological Department was established in 1875. As per a recent a recent release by the IMD, India received above normal monsoon during the 4-month long rainfall season of this year.
This year has recorded the second highest rainfall in the last 30 years. IMD has stated that the country received 109% rainfall during the Long Period Average, with 3 out of the 4 months receiving above normal precipitation.

Notes:
A Fast Patrol Vessel named “ICGS Kanaklata Barua” has been commissioned into the Indian Coast Guard.
The ship is built by Garden Reach Shipbuilders and Engineers Ltd (GRSE) and is the fifth and last in a series of FPVs built by the company. The ship has been named after a teen age freedom fighter of Assam who was shot dead during the Quit India Movement.

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 Prime Minister Narendra Modi inaugurated Vaishwik Bharatiya Vaigyanik (VAIBHAV) Summit on October 2.
The summit is a global virtual summit of overseas and resident Indian Researchers and Academicians. It is to be organised from October 2 to October 31. The summit creates a single platform for Science and Technology (S&T) related discussions.

Notes:
The Union Defence Ministry has designated Alpha Design Technologies Limited (ADTL) to upgrade the soviet era Pechora surface to air systems.
As per the Rs.591 crore contract, the firm would be upgrading 16 such systems. Alpha Design Technologies Limited is a Bengaluru based company that is specialized in defence electronics, avionics and space satellite systems.

Notes:
The Reserve Bank of India (RBI) approved the appointment of Committee of Directors (CoD) to run Dhanlaxmi Bank.
RBI is said to have approved a three-member interim committee of directors, headed by G Subramonia Iyer, to run the bank. Earlier, the shareholders voted out the bank’s MD and CEO Sunil Gurbaxani.