Weekly CA Quiz: January 1st week (1 Jan – 7 Jan)

Resident Indian citizens who were abroad from November 9 to December 30 can avail this facility up to March 31, 2017 and NRI citizens, who were abroad during this period, can exchange their defunct notes up to June 30, 2017

Public sector lender Bank of Baroda has entered into a partnership with CNX Corporation (CNX) with an objective to provide collateral management services towards the loans against warehouse receipt sanctioned to the farmers

The Maritime Union of India (MUI), country’s oldest union representing Indian Merchant Navy Officers since 1939, has launched android based mobile app named MUI.

Giving a digital push to the Haj application process for the first time, Union Minister of State for Minority Affairs Mukhtar Abbas Naqvi launched a mobile application ‘Haj Committee of India’ which will provide information and facilitate e-payments for the pilgrimage.

The Supreme Court ordered the removal of Anurag Thakur as chief of India’s cricket board BCCI, saying all board officials who had not fallen in line with reforms recommended by the Lodha Committee must go.
The Supreme Court has also ordered the sacking of BCCI secretary Ajay Shirke.

RBI appointed Surekha Marandi as ED to look after financial inclusion

Coca-Cola India and its largest bottling partner Hindustan Coca-Cola beverages have partnered the State Bank of India (SBI) to enable over 2.6 million retailers and 5000 distributors in conducting business transactions digitally.

Yes Bank has entered into a tie-up with Bajaj Electricals for vendor financing using blockchain solution, and announced to use the technology more aggressively as it saves over 70 per cent in cost.

Digital payments platform FreeCharge, announced its alliance with Grofers, on demand grocery delivery service provider to help consumers go cashless for their purchases across categories like groceries, food and vegetables, beauty and wellness, baby care, electronics and appliances, home and office needs among many others.

Prime Minister Narendra Modi inaugurated the five-day annual Indian Science Congress at the Sri Venkateswara University in Tirupati.

In an effort to push home loans, State Bank of India (SBI) announced a scheme offering fixed rate for the first two years at 8.5% for women and 8.55% for men.
In SBI’s new loan offer Hamara Ghar, once the fixed term of two years ends, the interest rate on the home loan will be linked to the prevailing one­year marginal cost of funds based lending rate (MCLR).

The three day International Conference on “Yoga for Diabetes” was inaugurated by Minister of State for AYUSH (Independent Charge), Shri Shripad Yesso Naik in New Delhi.

The ruling AIADMK’s populist free bicycle scheme was formally rolled out by Chief Minister O Panneerselvam in Chennai for the academic year 2016-17 to students of class eleven, costing Rs 243.96 crore to the exchequer. Late AIADMK supremo Jayalalithaa had introduced the scheme during the 2001-02 academic year, benefitting students of Scheduled Castes and Scheduled Tribes.

Andhra Pradesh chief minister N Chandrababu Naidu announced a reward of Rs 100 crore to anybody who becomes a Nobel Prize winner from the state.

Virender Singh, former Chief Justice of the Jharkhand High Court, has been appointed as chairperson of the Principal Bench of the Armed Forces Tribunal (AFT).

India defeated Bangladesh 3-1 to win their fourth consecutive South Asian Football Federation (SAFF) Women’s Football Championship title in Siliguri

Finland has become the first country in the world to pay a basic income to randomly picked citizens on a national level in an experiment aiming at dismissing poverty, motivate people to join work force and decrease unemployment.

Yes Bank partnered with Silicon Valley-based bot platform Gupshup to launch an artificial intelligence-powered banking chatbot ‘YES mPower’ that instantly gives information about loan products.
The ‘YES mPower’ bot is available through Facebook Messenger.

The government, in collaboration with telecom and IT industry, has launched a toll-free helpline – 14444 – to address consumer queries on digital payments. The helpline will address questions regarding various platforms, including the newly-launched Bharat Interface for Money (BHIM), eWallets, Aadhaar-enabled payment system and USSD.

Morris, who became the 82nd player to be inducted into the ICC Cricket Hall of Fame, was given the honour posthumously.

A new organ has been discovered hiding in plain sight inside the human body. Known as the mesentery, it was previously thought to be just a few fragmented structures in the digestive system.
But scientists have realised it is in fact one, continuous organ. Now there are 79 organs.

In a move to lower traffic violations, the Road Ministry along with the National Informatics Centre (NIC) has readied an app, e-challan, which will help traffic rule enforcers, such as the transport department and traffic police.
The ministry will also launch app, m-Parivahan which is a citizen centric app that will facilitate access to various transport related services.

As per the ‘First Advance Estimates of National Income, 2016-17’ released by the Central Statistics Office (CSO), the per capita net national income during 2016-17 is “estimated to be Rs 103,007” at current prices, up from Rs 93,293 in the previous fiscal.

The state has decided to give Rs. 1,000 per month per person pension to the helpless, single women thereby offering some financial protection to them. The scheme will come into effect from the coming financial year.

Indian tennis ace Sania Mirza picked up her first title of the season, combining with American Bethanie Mattek-Sands to lift the Brisbane International women’s doubles title.

Prime Minister Narendra Modi to inaugurate the event on January 8, 2017 and deliver the keynote address in the presence of Portugal Prime Minister Antonio Costa as the chief guest.

The Union HRD ministry has decided to constitute a three member committee to search for a new chairman of the University Grants Commission (UGC) as the tenure of the present incumbent Ved Prakash is about to end.

The Island Tourism Festival began at Port Blair in Andaman and Nicobar islands.