Current Affairs Quiz - October, 2020

Notes:
The Chairman of Reliance Industries Limited – Mukesh Ambani, has topped the IIFL Wealth Hurun India Rich List 2020.
He has been in the top of the list for 9 consecutive years. His total wealth amounts to Rs. 6,58,400 crore and it has grown by 73% in the past one year.

Notes:
SBI Cards and American Express have entered into a strategic partnership. This partnership will allow SBI Card’s premium products – SBI Card ELITE and SBI Card PRIME to be available on American Express global network.
It would offer enhanced premium experience to the customers of SBI Cards like complimentary domestic lounge program, access to VIP upgrades and privileges at hotels, restaurants and retail outlets around the world.

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:
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:
International Translation Day is an international day celebrated annually on 30 September across the world.
The day is celebrated the feast of St. Jerome, the Bible translator who is considered the patron saint of translators. The celebrations have been led by International Federation of Translators, since it was set up in the year 1953.

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:
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:
India has committed to build a 100-bedded cancer hospital and a 22,000-seater cricket stadium in Hulhumale, Maldives.
According to the Indian Embassy in Maldives, this facility is provided under the USD 800 million Line of Credit (LoC) extended to the country, by the Export Import Bank of India (EXIM) Bank in March 2019.

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.