Current Affairs Quiz - September, 2021

• Shanti Lal Jain has been appointed as the Managing Director and Chief Executive Officer of Indian Bank.
• He was earlier serving as the Executive Director of the Bank of Baroda.
• Jain will replace Padmaja Chunduru, whose term ends on August 31, 2021.
• His tenure of three years would start from September 1, and will be extendable for another two years or until attaining the age of superannuation, whichever is earlier.

• India’s market capitalisation to GDP ratio has touched a 13-year high of 122%.
• This means, the listed companies in India are worth 122 per cent of India’s latest annualised gross domestic product (GDP).
• This is the highest since December 2008, when it reached an all-time high of around 150 per cent.
• India’s current m-cap to GDP ratio is nearly 55 per cent higher than the 15-year median ratio of 79 per cent.

• The Special Drawing Rights (SDR) is the alternate reserve currency floated by the International Monetary Fund (IMF).
• Using the SDR, the member countries can freely perform forex transactions among themselves.
• SDR forms a part of India’s total Forex reserves as at any particular time.
• Recently, the IMF has increased the SDR quota for India to 12.57 billion, whose value is nearly $17.86 billion.

• Social networking and Micro-blogging giant Twitter has launched a new feature named “Super Follows”.
• This feature allows content creators on the platform to provide exclusive premium content to subscribers.
• It allows creators to earn monthly revenue by sharing the premium content with their followers.

• Eastern Economic Forum (EEF) is an annual meet held in Vladivostok, Russia.
• It aims to encourage foreign investments in Russia’s resource-rich but underdeveloped Far East regions.
• In 2019, PM Modi had announced a $1-billion line of credit for the Far East in 2019.
• The proposed Chennai-Vladivostok maritime corridor will promote tbe bilateral relationships together.
• Mazagon Docks Limited will partner with the Russian ship-building facility at Zvezda to build important commercial ships.
• India and Russia are partners in space exploration through the Gaganyaan programme.

Dugong or Sea Cow is an endangered marine mammal that is facing extinction due to habitat loss, sea pollution and loss of seagrass. Dugong is found in Gulf of Mannar, which is a shallow bay area between south eastern tip of Tamil Nadu and western part of Sri Lanka, and at Palk Bay.