Current Affairs Quiz - October, 2020

Notes:
Prime Minister Narendra Modi attended a first virtual summit with his counterpart of Denmark, Mette Frederiksen.
As per the joint statement, the new ‘Green strategic partnership’ will be based on existing Joint Commission for Cooperation for cooperation in various fields including politics, energy, environment and education.

Notes:
A ‘High Level Monitoring Committee’ is proposed to be set up by India and Bangladesh to review projects implemented with Line of Credit (LoC) provided by India.
The decision was made at the 6th Joint Consultative Commission (JCC) meeting between the two countries held in a virtual mode. The High-Level Monitoring Committee would be headed by Secretary, Economic Relations Division of Bangladesh and High Commissioner of India in Bangladesh.

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:
India has successfully test fired its indigenously developed nuclear capable hypersonic missile ‘Shaurya’.
The surface-to-surface tactical missile, with a strike range of around 1,000 km, has been test fired from a test range in Odisha. ‘Shaurya’ is the land variant of India’s K-15 missile and is capable of carrying payloads of 200 kg to 1000 kg.

Notes:
The Japanese automobile manufacturer Honda has announced to withdraw from Formula One (F1 racing) by the end of the 2021.
The decision has been announced by Honda, to achieve its goal of carbon neutrality and other environmental initiatives. Honda has been the engine supplier for the F1 teams Red Bull and Alpha Tauri.

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:
According to the official release of the Ministry of Road Transport and Highways (MoRTH), the new emission norms for Tractors will come into force from October 2021.
However, the emission norms of construction equipment vehicles will come into effect from April 2021. A deferment of six months has been provided to the date of implementation of the emission norms.

Notes:
The Ministry of Housing & Urban Affairs Secretary launched the Application Programming Interface (API) integration between the PM SVANidhi Portal and the State Bank of India’s (SBI) eMudra Portal portal.
This integration would enable seamless flow of data between the two portals in a secure environment, which would lead to faster loan sanctioning and disbursement process.

Notes:
The World Economic Forum (WEF) has recently announced that it will hold its Annual Meeting 2021 in Lucerne-Burgenstock, Switzerland.
The summit is scheduled to be held from May 18 to 21. Due to the COVID-19 pandemic, the traditional venue and schedule of Davos in January-end is changed. It will be held around the theme of ‘The Great Reset’.