Current Affairs Quiz-September, 2020

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:
Azerbaijan has reduced its daily oil production by 133,400 barrels in August, thereby over fulfilling its production reduction obligations under OPEC+ output cuts deal.
As per the OPEC + deal, Azerbaijan is obligated to decrease its daily oil production by 131,000 barrels from August and December, whereas the country has decreased the production levels to 133,400 barrels.

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.

Notes:
The Results of the 2nd edition of “Ranking of States on Support to Start-up Ecosystems – 2019” was released by the Ministry of Commerce & Industry.
The ranking exercise has been carried out by Department for Promotion of Industry and Internal Trade (DPIIT). The ranking frame work has 7 broad reform areas, consisting of 30 action points. In this ranking exercise, 22 States and 3 Union Territories participated.

Notes:
Union Labour and employment minister Santosh Gangwar represented India in the virtual Meeting of Labour and Employment Ministers of G-20 nations.
The G20 meet focussed on the G20 Youth Roadmap 2025 and discussed measures to curb the impact of Covid-19 on the Labour market. The meet also identified indicators relating to youth for the first time.

Notes:
The Small Industries Development Bank of India (SIDBI) has signed a memorandum of understanding (MoU) with the Rajasthan government to develop the MSME ecosystem in the state.
This is the initiative of the Department of Industries, Rajasthan to provide financial and technical support to MSMEs in the state. The state has also amended the MSME Act to promote industries and exempt businesses from permissions and inspections for three years.

Notes:
The Lt Governor of Jammu and Kashmir Manoj Sinha has announced a health insurance scheme covering all residents of J&K.
The scheme will provide health insurance cover free of cost to all residents. The scheme will also cover retired employees and their families. This health insurance scheme is expected to cover nearly 70 lakh residents who are not covered under Ayushman Bharat scheme.

Notes:
Jammu & Kashmir has announced the commencement of a public grievance redressal system named JK i-grams.
It stands for Jammu and Kashmir integrated grievance redress and monitoring system. The system is started on a pilot basis in Srinagar, Jammu and in Reasi. By 2nd October, the state is expected to include all villages in the system.

Notes:
India has been ranked at 105th position in the Economic Freedom Index 2020.
‘The Economic Freedom of the World: 2020 Annual Report’ has been released by Fraser Institute of Canada in collaboration with New Delhi based think tank “Centre For Civil Society”. As per the report, Hong Kong and Singapore have topped the index.

Notes:
Indian technology major Infosys has announced to acquire the European firm GuideVision.
Guidevision is one of the largest service sector enterprises in Europe, which is into service management consultancy specialised in offering strategic advisory. The acquisition agreement would cost Infosys up to 30 million Euro, which includes earn outs and bonuses.