Current Affairs Quiz-September, 2020

Notes:
The Reserve Bank of India has released revised guidelines for Priority sector lending (PSL). This has been done to achieve better credit penetration in the country.
The new guidelines have mechanism to enhance flow of credit to credit deficient areas. Also, under the new prevision bank finance to start-ups up to Rs.50 crore can be considered as Priority Sector Advance.

Notes:
Kesavananda Bharati, who was a petitioner of the landmark Supreme Court judgement on basic structure of the Constitution in 1973, has recently passed away.
He was the head of a Mutt at Kasaragod in Kerala, and had moved the Supreme Court challenging the Kerala government’s land reforms Act of 1969. Supreme Court ruled that the basic structure of the Constitution is unbreakable and cannot be amended by Parliament.

Notes:
The third annual Indo-Pacific Business Forum is to be held in Hanoi, the capital of Vietnam on October 28 and 29, 2020.
The United States Government will sponsor the forum, in collaboration with the Government of Vietnam, the US-ASEAN Business Council and others trade associations. The main focus will be on Infrastructure, Digital economy, Market connectivity, health and economic recovery.

Notes:
The Vodafone Idea Limited has revealed its new integrated brand identity “VI” (read as ‘We’), using just the initials of both Vodafone and Idea.
The new brand name has been launched after 2 years since the merger of Vodafone and Idea took place. The company has also revealed a reward programme named ‘Happy Surprises’. The Supreme Court has given telecom companies 10 years to pay adjusted gross revenue dues (AGR) dues.

Notes:
Iran now has more than 10 times the amount of enriched uranium permitted under an international agreement, the UN’s nuclear regulator said.
The International Atomic Energy Agency (IAEA) has stated that Iran’s enriched uranium stockpile had reached 2,105kg. This stock is nearly 10 times more than the permissible level under International Nuclear Accord signed by Iran, China, France, Germany, Russia, the UK and the US in 2015.

Notes:
Prime Minister Narendra Modi has recently inaugurated the Patrika Gate in Jaipur through video conference.
This Iconic Gate has been built by the Patrika Group of Newspapers in Jaipur, Rajasthan. The Prime Minister Modi also released two books written by the Group Chairman during the virtual event. This cultural monument is expected to boost tourism in the region.

Notes:
The first Joint Commission Meeting between India and Angola was held recently.
The meeting was co-chaired by External Affairs Minister S Jaishankar and his counterpart Tete Antonio. During the meeting, the two countries agreed to diversify their trade relationship. The leaders also discussed regarding cooperation in health, pharmaceuticals, defence, agriculture sectors.

Notes:
The Reserve Bank of India (RBI) has decided to measure the extent of digital payment in India by devising Digital Payment Index.
The index would also assess innovation in existing modes and will help bridge digital divide. The development of the Digital Payment Index is based on the recommendations made by Nandan Nilekani Committee on Digital Payments.

Notes:
Leading Private sector bank of India, ICICI Bank has launched an exclusive programme for start-ups named ‘iStartup2.0’.
Under this programme, a Current Account can be created for new businesses that are up to ten years old seamlessly. The Bank has integrated its APIs with the website of the Ministry of Corporate Affairs (MCA) and the account number is obtained at the time of incorporation.

Notes:
The United States of America (USA) has recently revoked the Visas of more than 1,000 Chinese students and researchers.
The move is under the directions of the US President Donald Trump in May 2020. The proclamation is aimed at Chinese nationals who are suspected to have ties with Chinese military. In this regard, China has accused US of racial discrimination.