Current Affairs Quiz-September, 2020

Notes:
The Ease of Doing Business Rankings for Indian stated has been released by Department for Promotion of Industry and Internal Trade (DPIIT) in collaboration with World Bank.
The ranking is based on implementation of “Business Reforms Action Plan”. Andhra Pradesh has topped the list followed by UP and Telangana.

Notes:
As per the recent statement of the Fitch Ratings, the annual GDP growth of India is projected to contract more than 10.5 per cent.
Earlier, it had estimated that the GDP Growth would contract by 5 per cent in its June Global Economic Outlook (GEO). In its recent GEO, it has also highlighted that the Global Economy is projected to fall less than projected level.

Notes:
The committee appointed by Reserve Bank of India headed by KV Kamath has made a recommendation for 26 sectors of the country that could be factored by financial institutions while finalizing loan resolution plans.
The committee was formed in the month of August to make recommendations on the parameters to be considered during restructuring of loans impacted by COVID.

Notes:
As per the recent media reports, the ruling party of Sri Lanka, the Sri Lanka Podujana Peramuna (SLPP) has approved a proposal to ban cow slaughter.
In the country, about 99% people are meat-eaters. Whereas, the majority Hindus and Buddhists do not eat beef. Mahinda Rajapaksa-led SLPP party won a two-thirds majority in the parliamentary elections last month.

Notes:
Prime Minister digitally launched the Pradhan Mantri Matsya Sampada Yojana (PMMSY), which will be implemented by the Ministry of Fisheries, Animal Husbandry & Dairying.
The scheme aims to promote sustainable development of fisheries sector with an investment of Rs. 20,050 crores during a period of 5 years from FY 2020-21 to FY 2024-25. This scheme was announced as a part of AatmaNirbhar Bharat Package, to combine the achievements of the Blue revolution.

Notes:
Scientist and radio astronomer, Professor Govind Swarup is called the Father of Indian Radio Astronomy.
The renowned astronomer has recently passed away due to illness at the age of 91. He was the founding director of the National Centre for Radio Astrophysics of the Tata Institute of Fundamental Research (TIFR). He received various awards including the Padma Shree and the Bhatnagar Award.

Notes:
The Naval Force of Iran has started a three-day exercise in the Sea of Oman named ‘Zolfaghar-99’, in the strategic Strait of Hormuz.
The Navy is expected to test-fire surface-to-surface and shore-to-sea cruise missiles and rocket-launching systems fitted on warships, submarines, aircraft and drones. The exercise also aims to devise defensive strategies to safeguard the country’s territorial regions.

Notes:
Briton Jane Fraser has been named the new chairperson of the American multinational investment bank Citigroup.
Jane Fraser is set to become the first woman head of the Group. She is currently the President and head of global consumer division of the group. The present head of the group Michael Corbat would retire in February 2021 after 37 long years of service in the group.

Notes:
Noted film actor and theatre artist Paresh Rawal has been appointed chairperson of National School of Drama (NSD).
The former BJP Member of Parliament, will succeed the present Chairman Arjun Deo Charan. Paresh Rawal, has been awarded with Padma Shri in 2014. The NSD is India’s premier institute for theatre students and is located at Delhi.

Notes:
As per the credit rating agency CRISIL, Indian economy will contract by 9 per cent in 2020-21 on account of COVID 19 pandemic.
The agency has stated that the infection is yet to peak and the financial assistance provided by the Government is not sufficient. Earlier in May 2020, Crisil had estimated the economy to contract by 5 per cent