Current Affairs Quiz-September, 2020

Notes:
An important meeting of the BIMSTEC (Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation) was held virtually under the chairmanship of Sri Lanka.
During the meeting discussions were focussed on ways to expand cooperation among its member nations to deal with various challenges Covid-19. BIMSTEC is a multinational grouping of India, Bangladesh, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.

Notes:
“Mylab”, a molecular diagnostic company based at Pune, became the first company in India to get Covid 19 test kits validated by Drug Controller of India.
The validation of the Reverse transcription polymerase chain reaction (RT-PCR) tests kits developed by the company has been validated by the National Institute of Virology.

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:
Indian young Grand Master P.Iniyan won the 48th annual world open chess tournament conducted recently.
This tournament was conducted in an online format due to the Covid 19 pandemic. The event was conducted in 3 rounds where in 122 participants of 16 countries participated.

Notes:
As per the Japan Meteorological Agency, the typhoon Haishen hit Japan and released fierce winds and rains.
Haishen means Sea God in Chinese and the typhoon unleashed winds of speed over 180 kilometers per hour and damaged some parts of Okinawa, Kyushu island. The typhoon is estimated to approach some regions of South Korea.

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 Central Institute of Petrochemicals Engineering and Technology (CIPET) is to establish two new Centres for skilling and technical support at Bhagalpur and Varanasi.
CIPET is an autonomous research and training institution under the Chemicals and Fertilisers Ministry. Around 1,000 youths will be trained in each centre every year through Diploma and Skill development programmes for employment in petrochemicals and allied industries.

Notes:
Bangladesh has recently launched a nation-wide campaign named ‘Asol Chini’, to curb fake information on Social Media.
The ‘Asol Chini’ campaign, which means ‘real identification’, aims to create digital literacy to stop fake information and rumours. To implement this three-month long campaign, a digital platform Durbar21.org has been created.