Daily Current Affairs Quiz: December 11, 2020

Notes:
The World Economic Forum has announced that it will hold its 2021 annual meeting in Singapore instead of its traditional venue of Davos, Switzerland.
As there is a surge in coronavirus infections observed in the country of Switzerland, the venue has been shifted. In the year 2022, the annual meeting will return to Davos-Klosters, Switzerland.

Notes:
Nepal has recalculated the height of the world’s highest peak Mount Everest. The country along with China announced the revised height of the peak as 8,848.86 metres.
This height is almost 86 centimetres higher than the previous measurement done by the Survey of India in 1954. The new height is also four metres higher than the China’s recent measurement. The Nepal-China border passes through the summit.

Notes:
In its Global Economic Outlook, the Fitch ratings has raised India’s GDP forecast to -9.4 per cent in the current fiscal year.
Earlier, Fitch had estimated that Indian economy would contract by 10.5 per cent in current fiscal 2020-21. Now, the firm says that the outlook is brighter due to an expected rollout of vaccines in 2021.

Notes:
The United Nations Sustainable Development Solutions Network (SDSN) works under the UN to mobilise the global efforts in SDGs. It is headquartered in New York.
UN SDSN and the Institute for European Environmental Policy (IEEP) published the Europe Sustainable Development Report 2020. It reports the progress of the European Union, its member states, and other European countries towards the Sustainable Development Goals (SDGs).

Notes:
ICICI Bank has recently launched a new mobile banking application named ‘iMobile Pay’, which can offer payments and banking services to customers of any bank.
Through the app, customers can pay to any UPI (Unified Payments Interface) ID or merchants, pay bills and do online recharges among others. It also enables users to access instant banking services like loans, credit cards, gift cards, travel cards and more.