Current Affairs Quiz-September, 2020

Notes:
Defence Research and Development Organization (DRDO) has successfully tested Hypersonic Technology Demonstration Vehicle from Dr APJ Abdul Kalam Launch Complex at Wheeler Island, off the Odisha coast.
The hypersonic cruise vehicle was launched using solid rocket motor, which took it to an altitude of 30 kilometers from where cruise vehicle separated and moved on the desired flight path at a velocity of 6 times the speed of sound i.e., nearly 2 km/second for more than 20 seconds.

Notes:
The Hindustan Aeronautical Limited-HAL’s indigenously developed Light Utility Helicopter (LUH) has successfully demonstrated high altitude capability in hot and high weather conditions in the Himalayas.
The helicopter also demonstrated its payload capability in Siachen glacier. The Army version of LUH is to be presented for Initial Operational Clearance.

Notes:
Markets regulator SEBI has added National Stock Exchange (NSE) to the list of entities that can carry out e-KYC Aadhaar authentication.
Earlier in May 2020, SEBI had rolled out a list of 8 entities that permitted to undertake e-KYC (Electronic-Know Your Customer) Aadhaar authentication. SEBI has stated that NSE can undertake Aadhaar authentication service of the UIDAI subject to compliance certain terms and conditions.

Notes:
The Cabinet Committee on Economic Affairs (CCEA) chaired by the PM by, has approved monetization of assets of Power Grid.
Power Grid is a Public Sector Undertaking under Ministry of Power. The monetization is being done for the first time through Infrastructure Investment Trust (InvIT) model. The proceeds of asset monetization would be used to fund new and on-going projects of the PSU.

Notes:
The Union Cabinet has approved the Foreign direct investment (FDI) limit in the Defence Sector through automatic approval to 74 per cent.
Earlier, the policy allowed 49 per cent FDI in Defence Sector. The new policy has a ‘National Security’ clause as a condition, that has been proposed by the Ministry of Commerce and Industry. The Government has the right to review any foreign investment that may affect national security.

Notes:
The Union Ministry of Labour and Employment has released guidelines to states and Union Territories pertaining to welfare of migrant workers returning to destination States on account of COVID 19.
The States and UTs have been advised by the Ministry to conduct free corona virus (COVID-19) tests for migrant labourers. Also, the ministry has directed to maintain a database of all workers moving out of their States.

Notes:
The High Court of Kerala has issued a set of directives to the state regarding Protection of Children from Sexual Offences Act (POCSO).
The High Court has directed the state to appoint woman IPS officer in every district, to oversee the cases investigated under POSCO Act. It has also directed to establish One-Stop Support Centres, in lines with the Supreme Court directions, to protect the victims.

Notes:
The Union Finance Minister Nirmala Sitharaman has announced the performance of Public Sector Banks (PSBs) under EASE Banking Reforms Index 2.0. EASE stands for “Enhanced Access and Service Excellence”.
Bank of Baroda, State Bank of India, and erstwhile Oriental Bank of Commerce were the top three in the list of “Top Performers”. Bank of Maharashtra, Central Bank of India and erstwhile Corporation Bank were the leading banks in ‘Top Improvers’ category.

Notes:
The first India-France-Australia Trilateral Dialogue was held in a virtual mode recently. The virtual meet was co-chaired by Harsh Vardhan Shringla, the Foreign Secretary of India.
The meeting focused on enhancing cooperation among the three countries in Indo-Pacific Region. Moreover, the participants discussed on economic and strategic challenges in the context of the COVID-19.

Notes:
Reliance Industries Limited (RIL) has become the first Indian company to surpass USD 200 billion in market capitalisation. The RIL had market capitalisation of Rs.15.3 trillion (USD 208 billion).
RIL is followed by Tata Consultancy Services (TCS) with market capitalization of Rs 8.75 trillion (USD 119 billion). RIL is the 40th most valuable firm globally.