Current Affairs Quiz - October, 2020

Notes:
The Konso cultural landscape, a UNESCO World Heritage Site, is located in a dry, hilly environment at the edge of the Rift Valley in southern Ethiopia. It has always been a relatively isolated area of the country, where life has remained largely unchanged for at least 400 years. The people live in closely-packed communities of wood-and-mud built, thatched dwellings from which they travel out to their fields of millet on a daily basis. The local chief’s hilltop ‘Palace’ comprises a collection of dome-shaped thatched rooms, with covered meeting and work areas, all surrounded by a heavy wooden ‘stockade’ with narrow gates. In nearby forest clearings, collections of anthropomorphic statues are maintained, one group of them kept under a pagoda-style shelter.

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:
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:
Leading Power Sector organisation, NTPC Ltd has recently signed the Memorandum of Understanding (MoU) with Ministry of Power.
Under the MoU, the key targets were fixed for the year 2020-21, which include 340 BU of electricity generation, 15 MMT of coal production under excellent category. It also includes other financial parameters including Capex and Revenue from operations.

Notes:
As per the Appointments Committee of the Cabinet, senior bureaucrat P D Vaghela has been named as the new Chairman of the Telecom Regulatory Authority of India (TRAI).
P D Vaghela was a 1986- batch Gujarat cadre IAS officer replaces R S Sharma, who has held the post since 2015. Vaghela is to hold will serve as TRAI Chairman for three years or till he attains the age of 65.

Notes:
The CEO of NITI Aayog, Amitabh Kant has stated that the organization is fine tuning parameters and indicators used in ranking the 112 Aspirational Districts of India.
The Aspirational Districts Programme (ADP) was launched by the national think tank NITI Aayog in January 2018. It aims to transform 112 most backward districts that have shown relatively lesser progress in key social areas.

Notes:
Union Science and Technology Minister Harsh Vardhan has launched the Council of Scientific and Industrial Research (CSIR) Technologies for Rural Development.
The technologies have been launched under a joint initiative of CSIR, Unnat Bharat Abhiyan (UBA), Indian Institute of Technology Delhi (IITD) and Vijnana Bharti (VIBHA). The technologies include improved beehive, dehumidified drier and agricultural waste-based biodegradable plates.

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:
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:
The Indian Council of Medical Research (ICMR) has developed highly purified ‘Antisera’ for prevention and treatment of Covid-19.
ICMR along with Hyderabad-based Biological E. Limited have developed highly purified antisera, which was raised in animals, for prophylaxis and treatment of COVID-19. This was previously used in medical science to treat many viral and bacterial infections.