Daily Current Affairs Quiz : May 27, 2021

Notes:
India and Israel have signed a 3-year work program agreement for development in Agriculture cooperation.
India and Israel are already implementing the ‘INDO-ISRAEL Agricultural Project Centres of Excellence’ and ‘INDO-ISRAEL Villages of Excellence’.

Notes:
India attracted the highest ever total FDI inflow of US$ 81.72 billion during the financial year 2020-21. This is 10% higher as compared to the last financial year 2019-20.
Gujarat is the top recipient state of FDI during the F.Y. 2020-21 with 37% share of the total FDI Equity inflows. It is followed by Maharashtra (27%) and Karnataka (13%).

Notes:
As per the recent data released on India’s Foreign Direct Investment (FDI) inflow during 2020-21, Singapore’ is at the top with 29%, followed by the U.S.A (23%) and Mauritius (9%).
In terms of sector, ‘Computer Software & Hardware’ is at the top with around 44% share of the total FDI Equity inflow followed by Construction Activities (13%) and Services Sector (8%).

Notes:
The Banking Regulation (Amendment) Act, 2020 has been notified for the District Central Co-operative Banks (DCCBs) with State Cooperative Banks (StCBs). The Reserve Bank is required to sanction the amalgamation these banks.
Recently, the RBI said that it will consider amalgamation of StCBs and DCCBs, subject to many conditions, including that a proposal should be made by the state government concerned, NABARD’s recommendation, additional capital infusion strategy, assurance regarding financial support etc.

Notes:
China-Pakistan Economic Corridor (CPEC) is the flagship project of China’s Belt and Road Initiative (BRI). India has been protesting over the project, as it traverses through Pakistan-occupied Kashmir (PoK).
China and Pakistan recently celebrated the establishment of 70 years of their diplomatic relations. China has again defended the USD 60 billion CPEC project with Pakistan, saying it is an economic project not aimed at any third country.