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:
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:
The first ever “International Day of Awareness of Food Loss and Waste” is observed on 29th September 2020 by the Food and Agriculture Organization (FAO) of the United Nations.
The day is observed with the message “Stop food loss and waste – for the people, for the planet”. The day aims to create awareness about food loss and calls for global action to maximize the use of food.

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:
Abu Dhabi-based sovereign wealth fund Mubadala Investment will invest Rs 6,247.5 crore to acquire a 1.4 per cent stake in Reliance Retail.
This is the fourth investor in Reliance Retail Ventures Ltd (RRVL) and the third such deal recently. Earlier, global private equity firm General Atlantic and Silver Lake bought 0.84 per cent stake and 2.13 per cent stake in the company respectively.

Notes:
Directorate General of Trade Remedies (DGTR), Govt. of India has initiated an anti-dumping probe against two products imported from China.
The probe has been initiated against the import of Hydrofluorocarbon (HFC) Blends (used in refrigerators and air conditioners) and Decor Paper. The probe has been initiated by DGRT after SRF Ltd and ITC Ltd have filed applications seeking investigation on dumping of the two products.

Notes:
Reliance Life Sciences, a subsidiary of Reliance India Limited has developed a Real Time PCR kit named R-Green Kit. The kit can be used for diagnosis of COVID-19 infection in about 2 hours.
At present, the PCR kits used in India takes about 24 hours to diagnose the infection. The R Green Kit developed by Reliance has been validated by ICMR for its performance.

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.

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 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.