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:
Kerala, Goa, Tripura and Tamil Nadu are the top performers in child health development as per the ranking named “Young Child Outcome Index – YCOI”.
The ranking has been prepared by “Mobile Creches” which is an not-for-profit organisation working for the development of underprivileged children across India. The report has been released by Vice President M Venkaiah Naidu

Notes:
The Vice President has recently suggested to include Milk as a part of the Mid-day Meal scheme, in break fast or meal, to improve the nutritional levels of children.
The Vice President earlier discussed this proposal with the Union Minister for Women and Child Development in this regard. He also said that the Central Government would recommend to all states to include Milk.

Notes:
As per a statement by Indian Meteorological Department (IMD), the rainfall received by the country in August 2020 is the highest since 1926.
August 1926 recorded a rainfall of 34.8 cm exceeding normal by 33%, whereas August 2020 recorded 32.7 cm rainfall exceeding normal by 27%. Also, IMD has stated that in June’20 to 6th September’20, India had registered 7% more rainfall than what is normal for this period.

Notes:
India, Israel and the United States of America have begun collaboration in developmental areas.
These include development of a transparent, open, reliable and secure 5G communication network. This collaboration among the three countries is a result of people-to-people collaboration, particularly by Indian Diaspora in the US and Israel.

Notes:
American private equity firm Silver Lake is to invest around Rs 7500 crore in Reliance Retail Ventures Limited (RRVL).
Through this, Silver Lake will acquire 1.75% equity stake in Reliance Retail. Earlier, the US-based firm announced a USD 1.35 billion investment in Jio Platforms and this is the second billion-dollar investment by Silver Lake in the subsidiary of Reliance Industries.

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:
The Country’s second and South India’s first Kisan Rail service has been recently flagged off.
This would connect Anantapur in Andhra Pradesh to Adarsh Nagar Railway Station in Delhi. The train was flagged off by the Union Minister for Agriculture Narendra Singh Tomar. The Kisan Rail scheme was announced in Budget 2020-21 for transport of agricultural products.

Notes:
India and Japan have recently signed a key agreement for Reciprocal provision of supplies and services between their Defence forces.
Called as the Acquisition and Cross-Servicing Agreement (ACSA), it facilitates smooth provision of supplies and services between Japan’s Self-Defense Forces and India’s armed forces. This agreement is expected to promote military cooperation and regional security.

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.