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:
Sheikh Nawaf al-Ahmad al-Sabah, also known as Sheikh Nawaf has been sworn in as the Emir (Head) of Kuwait.
The previous ruler Sheikh Sabah al-Ahmad al-Jaber al-Sabah has recently died in the United States at the age of 91. Sheikh Sabah ruled the country for more than 14 years and the new Crown Prince Sheikh Nawaf is 83 years old.

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:
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 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:
Union Ministry of Tourism organised a webinar on “Charkhe pe Charcha” under its Dekho Apna Desh Webinar Series on 2nd October 2020.
The Webinar focused on spinning wheel and Khadi. Mahatma Gandhi placed Khadi in the forefront as a symbol of boycott of foreign cloth and thereby opposing colonialism. The webinar aimed to explore the dimensions of khadi in the freedom struggle of India.

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.

Notes:
The Indian Army has recently built a memorial in Eastern Ladakh for its 20 personnel killed in the violent clash at Galwan Valley.
The memorial has the names of all 20 personnel killed on June 15, in a clash to evict Chinese People’s Liberation Army (PLA). The memorial has inscription titled “Gallants of Galwan”. The troops were led by Col. B Santhosh Babu.

Notes:
Indian Army Chief General M M Naravane and Foreign Secretary Harsh Vardhan Shringla have handed over 3,000 vials of Remdesivir to Myanmar.
The vials were handed over to Myanmar State Counsellor Aung San Suu Kyi, during their two-day visit, which aims to expand ties in areas including connectivity, defence and security. This is also the first visit of Army Chief to the country.