Current Affairs Quiz - October, 2020

Notes:
India’s Sehgal Foundation has emerged as a co-runner up of the USA’s “Citizen Diplomacy Award”. The institution has been selected for its human rights and women empowerment work in rural India.
The Department of States – Bureau of Global Public Affairs of USA, launched the Citizen Diplomacy Award in 2017 to recognize significant contributions by citizens and organizations to deepen USA’s foreign policy around the world.

Notes:
The National Institute of Nutrition (NIN) under the Indian Council of Medical Research (ICMR) has revised the ideal weight for adult Indian men from 60 kg to 65 kg.
Similarly, the NIN has revised the ideal weight for adult Indian women from 50 kg to 55 kg. The definition of Indian adult also stands revised from 20-39 years to 19-39 years.

Notes:
iDEX4Fauji is an initiative launched by the Ministry of Defence to identify innovations created by Indian Armed Forces personnel.
The initiative has been launched to reward innovations identified by members of the Armed Forces and will boost innovative ideas from soldiers/ field formations. The Minister also launched Defence India Startup Challenge-4.

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:
As per the Reserve Bank of India, India’s external debt stood at USD 554.5 billion at the end of June 2020. It is recorded a decrease of USD 3.9 billion compared to March 2020 level. The main reason for the decrease in external debt was depreciation of INR against major currencies like USD, Euro.
RBI has also stated that external debt to GDP ratio has increased to 21.8 % compared to 20.6 % as of March 2020.

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 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:
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:
A United States Navy P-8A long range Maritime Patrol Aircra landed at Port Blair in the Andaman and Nicobar Islands.
This is seen as a significant incident as this is the first time a U.S. P-8 aircraft landed at Port Blair for refuelling under the bilateral logistics support agreement. The agreement is called the Logistics Exchange Memorandum of Agreement (LEMOA).

Notes:
The Centre immediately released nearly Rs 20000 crore among the states from the amount collected as compensation cess this year.
After the 42nd GST Council meet, the Union Finance Minister Nirmala Sitharaman also informed that the Centre will also disburse Rs 25000 crore towards Integrated GST for 2017-18 to the states which received less amount due to the anomalies.