Current Affairs Quiz-September, 2020

Notes:
The Ministry of Power’s Energy Efficiency Services Limited (EESL) is set to procure 250 electric vehicles from Tata Motors and Hyundai Motors.
The government’s electric vehicles procurement arm, will procure 150 units of Tata Nexon EV and 100 units of Hyundai Kona EV. The companies were selected by way of an international competitive bidding.

Notes:
The Reserve Bank of India has approved the appointment of Murali Ramakrishnan as the new Managing Director & CEO of Kerala-based South India Bank.
Earlier, He has retired from ICICI Bank as Senior General Manager and joined the Bank in the post of an Advisor, three months ago. Murali Ramakrishnan will lead the bank for a period of three years with effect from October 1, 2020.

Notes:
The Indian Institute of Public Administration is a Research and training organization under the Union Ministry of Personnel. Vice President Venkaiah Naidu is the ex-officio President of IIPA.
The Ministry of Tribal Affairs (MoTA) and Indian Institute of Public Administration (IIPA) has recently organized a two-day ‘National Tribal Research Conclave’ through virtual platform chaired by the Union Minister of Tribal Affairs Shri Arjun Munda.

Notes:
Leading Information Technology company Infosys has entered into an agreement to acquire US-based product design and development firm Kaleidoscope Innovation.
The deal has been finalised at USD 42 million and the acquisition is to ne completed in the second quarter. This deal is expected to strengthen the presence of Infosys in the US markets in the field of medical devices and consumer markets.

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:
The Chief Minister of Kerala Pinarayi Vijayan inaugurated the Kochi Metro’s final stretch of the Phase-I covering Thykoodam to Petta which is 3 km long.
The inauguration was made virtually. With this, the phase-1 of Kochi Metro is complete at a cost of Rs.6218 crore. The inaugural function was presided by Hardeep Singh Puri, Union Minister of Housing & Urban Affairs.

Notes:
The Indian Civil & Administrative Services (Central) Association has been renamed as “IAS Association” recently.
The new name was unanimously cleared in the body’s Annual General Meeting there by dropping the reference to the ‘colonial-era’ ICS. Also, a new moto “Yogah Karmasu Kaushalam” meaning “Perfection in action is Yogah” has been chosen during the meeting.

Notes:
The Railway Protection Force (RPF) of Indian Railways has disrupted the operation of illegal software called “Real Mango”, in a nationwide investigation.
The investigation was made on account of increase in touting activity after restart of the passenger train services. RPF have been able to arrest 50 criminals so far including the King pin (system developer) and key managers involved in operation of this illegal software.

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:
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.