Weekly CA Quiz: September 2019 2nd week with PDF

Ministry of Finance said that to achieve the GDP of 5 trillion US dollar economy by 2024-25, India needs to spend about Rs 100 lakh crore over these years on infrastructure and for this, an annual infrastructure pipeline would be developed.

Two Sri Lankan naval ships, Sindhurala and Suranimala, arrived at the port of Visakhapatnam to participate in ‘SLINEX 2019’, the bilateral maritime exercise between India and Sri Lanka.

After leaving a trail of destruction in the Bahamas, Hurricane Dorian reduced to a Category 1 storm which made landfall in North Carolina, according to the USA’s National Hurricane Center. Dorian caused flooding in parts of the state and spawned a number of tornadoes.

The United Nations Children’s Fund (UNICEF) along with the parliament of Srilanka at the Colombo city conducted the two-day-long 2019 UNICEF South Asian Parliamentarian Conference on Children Rights Convention to celebrate the 30th anniversary of the adoption of the convention of the rights of the child. This is the 3rd convention conducted by UNICEF with parliamentarians for children where the meeting aims to discuss the issues faced by children and on the challenges to improve the child rights.

Vice President M Venkaiah Naidu on Friday released books – ‘Loktantra Ke Swar’ in Hindi and ‘The Republican Ethic’ in English, which are the compilations of speeches of President Ram Nath Kovind from his second year in office.

Mumbai’s Dhirubhai Ambani International School (DAIS) was ranked 10th in the “Global Top 50 IB Schools 2019” list.

Eminent lawyer and former Union Minister Ram Jethmalani has passed away, just six days short of his 96th birthday.

In a first of its kind in the Indian Railways, a paid gaming zone has been provided at Visakhapatnam railway station in Andhra Pradesh with an aim to cut down the monotony of prolonged waiting periods on railway stations and to make it an enjoyable experience, particularly for children.

There has been a 13-point improvement in the sex ratio from 918 in 2014-15 to 931 in 2018-19 and the states should aim to double it in the coming years, Women and Child Development Minister Smriti Irani said.

The Ministry of Civil Aviation organised India’s first-ever helicopter summit in Dehradun, Uttarakhand. The Indian Air Force was invited at the summit to talk on the “role of IAF helicopters in MEDEVAC (Medical evacuation) at the national level”.

India said it will extend immediate disaster relief of USD 1 million to the Bahamas which is facing the wrath of Hurricane Dorian.

The Reserve Bank of India has selected Daffodil Software Pvt Ltd to develop a mobile app for the visually impaired to help them identify currency notes. As many as 16 vendors had shown interest in developing the app and five made to “final ranking”, said an RBI document. The RBI says an internet connection wouldn’t be required for its app.

Bangladesh Krida Shiksha Prothishtan (BKSP) thrashed Nilmani English School, Manipur, 4-0 in the final of the Diamond jubilee edition of Subroto Cup (under-17 girls) at Ambedkar Stadium in Delhi.

A riveting performance from Charles Leclerc saw the Monegasque claim his second victory in as many weekends, winning the Italian Grand Prix for Ferrari for the first time since 2010.

Vijay Kumar Chopra, Chief Editor of the Punjab Kesari Group of newspapers and Vineet Jain, Managing Director of Bennett, Coleman and Company Limited(BCCL), the publisher of Times of India, were unanimously elected Chairman and Vice-Chairman respectively of Press Trust of India (PTI), the country’s premier news agency.

Popular Tamil actor-director Rajasekar has passed away at the age of 62. He garnered fame by playing the role of the grandfather in Praveen Bennett’s directorial serial ‘Saravanan Meenatchi.’

Every year International Literacy Day is celebrated on 8 September globally to raise awareness and remind people of the importance of literacy as a matter of dignity and human rights. UNESCO declared this day as an opportunity for governments, civil society and stakeholders to highlight improvements in world literacy rates, and reflect on the world’s persisting literacy challenges.The 2019 Theme for International Literacy Day: Literacy and Multilingualism.

Prime Minister of St. Vincent and the Grenadines, Dr. Ralph E. Gonsalves arrived in New Delhi on a five-day official visit to India. He will meet Prime Minister Narendra Modi and External Affairs Minister Dr S. Jaishankar.

Seeking to build stronger bilateral ties with its neighbours, India is planning to build up a multidisciplinary super speciality hospital in Bhutan.

Centre has set up a three-member panel to oversee the bifurcation of Jammu and Kashmir into two Union Territories.

Farmers can now get affordable access to cutting-edge technology at their doorsteps. Minister of State for Agriculture Parshottam Rupala launched a multilingual Mobile App “CHC Farm Machinery”.

The 24th World Energy Congress held in Abu Dhabi under the patronage of Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates.

Following the recapitalisation of public sector banks (PSBs), now public sector insurance companies — National Insurance, Oriental Insurance and United India Insurance — are going to be infused with funds worth ₹12,000 crore to boost their capital base and meet regulatory norms.

The Ministry of Youth Affairs and Sports derecognised the Paralympic Committee of India (PCI) for violating the National Sports Development Code of India, 2011.

India Red beat India Green by an innings and 38 runs to clinch the Duleep Trophy title on the fourth day at Bengaluru. India Red had scored 388 in their first innings.

Rafael Nadal (Spain) defeats Daniil Medvedev (Russia) to win US Open 2019 (men’s singles)Bianca Andreescu (Canada) defeats Serena Williams (USA) to win US Open 2019 (women’s singles)

Fortune Turners: The Quartet That Spun India To Glory’, book on India’s spin quartet has been launched. The book on India’s 4 spin legends: Bishan Singh Bedi, Erapalli Prasanna, Bhagwat Chandrashekhar and S. Venkataraghavan has been written by Aditya Bhushan and Sachin Bajaj.

Prime Minister Narendra Modi and his Nepal counterpart K P Sharma Oli jointly inaugurated the Motihari-Amlekhganj petroleum product pipeline via a video link.

Kerala will set up India’s first international women’s trade centre (iWTC), in consonance with the United Nations sustainable development goals (SDGs), in Kozhikode.

India will soon set up its first digital capability centre showcase advanced technologies and provide a test bed for emerging innovations as the government looks to transform the country’s manufacturing sector.

The 22nd Session of UN Committee on Convention on Rights of Persons with Disabilities was held at Geneva. The UN Committee on CRPD took up India’s First Country Report for consideration during the session. India ratified this Convention on 01-10-2007 in pursuance of Article 35 of the Convention.

Thessaloniki International Fair (TIF) was held in Thessaloniki, Greece’s second-largest city. It is an annual international exhibition event and is one of the largest fairs of Greece. The United States were chosen as the honoured country for the 83rd Fair,

Credit rating agency India Ratings and Research (Ind-Ra) cut its FY20 growth forecast for non-banking finance companies (NBFCs) to 10-12% from 15% earlier, and also revised the sector outlook to negative from stable.

Hero MotoCorp Chairman and Managing Director Pawan Munjal will be inducted to the 2019 Asia Pacific Golf Hall of Fame later this year for his support to the sport in India and around the world.

Noted Odia writer Pradeep Dash will be conferred with the 40th edition of prestigious Sarala Puraskar for his poetry work Charu Chibar O Charjya.

A book titled “Savarkar: Echoes from a forgotten past, 1883-1924″ is penned by Bengaluru-based historian Vikram Sampath and published by Penguin.

India will raise target of restoring land with degraded status from 21 million hectares to 26 million by 2030. Prime Minister Narendra Modi said this while addressing the 14th Conference of Parties (COP14) of the UN Convention to Combat Desertification(UNCCD) in Greater Noida, Uttar Pradesh.

Prime Minister Narendra Modi dedicated to the nation India’s second riverine Multi-Modal terminal (MMT) built at Sahibganj in Jharkhand.

The Madhya Pradesh government’s Happiness Department plans to set up a Time Bank that would lend currency to an hour, which could be exchanged to learn a new skill without the need for any paper money.

The famous Srivilliputtur palkova, a sweet made from cow milk and sugar, has got the Geographical Indication (GI) tag from the Geographical Indications Registry in Chennai. The palkova is manufactured in and around the municipality of Srivilliputtur in Virudhunagar district.

India ranked fourth in the global incidence of the deadly mosquito-borne disease malaria in 2017, with four per cent of the cases worldwide reported in the country, according to a report published in The Lancet journal.

The 7th Regional Comprehensive Economic Partnership (RCEP) ministerial meeting of 10 members of ASEAN countries and their six FTA (free trade agreement) partners was held in Bangkok, Thailand.

Tech major Samsung has unveiled two apps – Good Vibes and Relumino – to provide communication tools to the deafblind and people with low vision in the country.

To further strengthen its relationship with parent Life Insurance Corporation of India, IDBI Bank is planning to launch a co-branded credit card, which will be marketed to customers, agents, and employees of the corporation and its subsidiaries.

Outgoing India’s ambassador to the United Arab Emirates (UAE) Navdeep Singh Suri has been conferred with the Order of Zayed II, the highest civilian honour in the country, by President Sheikh Khalifa bin Zayed Al Nahyan.

Senior journalist Dilip Satpathy from Odisha has passed away at the age of 56. He had been suffering from bone marrow cancer.

India hosted the first conference on military medicine for member nations of the Shanghai Co-operation Organisation in New Delhi. The two-day conference was being held with an aim to share best practices in the field of military medicine. This was the first military co-operation event to be organised in the country under the SCO after it joined the organisation in 2017.

India has joined the Global Antimicrobial Resistance (AMR) Research and Development (R & D) hub as a new member. This would expand the global partnership working to address challenges and improve coordination and collaboration in global AMR research and development to 16 countries, the European Commission, two philanthropic foundations and four international organisations as observers.

Haryana government launched two insurance schemes “Mukhyamantri Vyapari Samuhik Niji Durghatna Beema Yojana” and “Mukhyamantri Vyapari Kshatipurti Beema Yojana” for registered small and medium traders in an apparent bid to woo voters.

Sri Lanka has flagged off Pulathisi Express, train to Polonnaruwa from Colombo Fort Railway station, a newly ‘Make In India’ train rake.

The International Finance Corporation (IFC), part of the World Bank Group, has signed a Memorandum of Understanding with the Finance Industry Development Council (FIDC), a representative body of asset and loan Financing NBFCs, to collaborate on training of NBFCs in the country.

United Nations Secretary-General Antonio Guterres appointed Lieutenant General (Retired) Abhijit Guha as the head of the UN mission in Hodeidah, Yemen.

Union Government has set a target of setting up 12 thousand 500 Ayush Health and Wellness Centres across the country. Out of which four thousand will be set up during this year.

The government announced the formation of new house committees and appointed its members and chairpersons.

The Rajasthan government has launched a Jan Soochna Portal, developed by the information and technology department. It will have 23-24 types of information pertaining to 13 departments on a single platform.

Vietnam has inaugurated Southeast Asia’s largest solar power farm which has the capacity to produce 688 million kWh of electricity annually.

Union Minister of State for Food Processing Industries Rameswar Teli has said, the World Bank will provide three thousand crore rupees assistance to finance, mini and mega food parks across the country.

Australia fast bowler Megan Schutt scripted history be becoming the first woman to claim two hat-tricks in white ball cricket after she cleaned up the West Indies tail.

According to the Times Higher Education World University Ranking 2020, IIT Ropar made a surprising entry on the list as the Number 1 among the 56 Indian institutes on the list of the best universities of the world compiled by UK-based Times Higher Education (THE). It shared the ranking with Indian Institute of Science (IISc) Bengaluru and they stand at among the top 301-350 universities of the world.

With an objective to provide low priced pulses, the chief minister of Uttarakhand, Trivendra Singh Rawat launched the ‘Mukhyamantri Dal Poshit Yojana’. Under the scheme, two kilograms of pulses per month would be made available to 23.32 lakh ration card holders. On the day, the CM distributed packets of pulses to selected beneficiaries.

Jammu & Kashmir has the highest consumption of iodised salt in the country, according to a first-of-its-kind national survey to measure the coverage of iodised salt.

The opening ceremony of Exercise TSENTR 2019, which aims at countering the threat of international terrorism, was conducted at the DONGUZ Ranges near Orenburg in Russia’s Central Military District.

The Reserve Bank of India (RBI) said it has reduced the risk weight requirement for consumer loans to 100% from 125%, a move that will reduce cost of such loans.

The Reserve Bank of India allowed payments banks to apply for small finance bank (SFB) licences, provided they meet the criteria.

Steve Smith registered his 26th Test fifty against England in the 4th Ashes Test on in Manchester. This was Smith’s 8th consecutive 50+ score in Ashes. With this fifty, Smith became the first batsman to score eight successive 50+ scores in Ashes.