Weekly CA Quiz: February 2020 1st week

President Ram Nath Kovind said that a record 2 lakh Indian Muslims performed Hajj this time and India is the first country in the world where the entire process of Hajj was done digitally and online.

Union Government aims to achieve objective of Housing for All by 2022 under Pradhan Mantri Awas Yojana-Grameen. A total of over one crore 50 lakh rural houses have been completed in the last five years. Government has set a target of 60 lakh houses for the current financial year.

 Content on Demand (CoD) will available in all Premium/Express/Mail trains and Suburban trains of Indian Railways by 2022.

Private sector lender ICICI Bank Ltd has launched ‘iBox’, a 24×7 self-service delivery facility that allows its customers to collect their deliverables such as debit card, credit card, cheque book and returned-cheques, from a branch close to their home or office.

Public sector Indian Bank on Thursday announced the launch of two tailor-made credit products Corporate Loan and Ind Surya Shakthi/ Indian Bank Solar for the benefit of the textile sector.

Barcelona’s striker Lionel Messi has become the first player to record 500 wins in the history of Spanish football.He achieved the feat against Leganes in the ongoing Copa del Rey tournament as Barcelona defeated the visitors 5-0.

Senior journalist from Jammu and Kashmir Yusuf Jameel has been selected for the 2019-2020 PEN Gauri Lankesh Award for Democratic Idealism. “His work in journalism shows an exemplary commitment to professional integrity and the ideals of democracy,” reads the citation of the award.

A classic by famous Bengali author Hemendra Kumar Roy has been translated into English almost a century after it was published in 1923 and reveals to the contemporary readers the darkest secrets of the erstwhile Calcutta.

 India’s First Fruit Train Flagged Off – A goods train of the Indian Railways which was fully loaded with 980 tonnes of banana was flagged off from Tadipatri in Andhra’s Anantapur district to the JNPT, Mumbai, for being shipped to Iran.

Adhra Pradesh Government has initiated a doorstep pension delivery schemeYSR Pension Kanuka across the state, under which, various welfare pensions is being delivered at the doorstep of the pensioners.

India”s Observer Research Foundation (ORF) has jumped more than 90 places to 27th position among 176 global think tanks in 2019 Global Go To Think Tank Index Report, by the Think Tanks and Civil Societies Program (TTCSP) of the Lauder Institute at the University of Pennsylvania.

To further strengthen the Punjab State Agricultural Development Bank (PSADB), the National Bank for Agriculture and Rural Development (NABARD) has approved loan of Rs.140 crore at low interest rates.

Bank of Maharashtra and State Bank of India are the only two state-run banks that showed ‘good’ performance in terms of digital transactions in December with a score of 77 and 68 respectively, government data showed

Rubigula’, Flame-Throated Bulbul, has been unveiled as the official mascot for the Goa 2020 National Games.

Public sector lender Canara Bank said its Managing Director and CEO R A Sankara Narayanan has retired from the services of the Bank on 31st January 2020, on his attaining the age of superannuation.

The Union Ministry of Finance announced that 58 per cent of the Railway tracks across the country have been electrified while the remaining will be electrified by the year 2023.

The government has raised fund allocation for the Unique Identification Authority of India (UIDAI) by 17 per cent to Rs 985 crore for the next fiscal starting April 1.

The Serbian tennis star Novak Djokovic defeated Austria’s Dominic Thiem in a five-set thriller to win his eighth Australian Open title at Rod Laver Arena.

Sashastra Seema Bal (SSB) emerged victorious in the final of 10th Hockey India Senior Women National Championship 2020 (B Division) defeating Steel Plant Sports Board (SPSB) 3-1 in a shootout after the scores were level at 1-1 after regulation time.

India’s best woman singles player Ankita Raina won her first ITF singles title of the season and 10th of her career when she beat Chloe Paquet in the summit clash of the USD 25000 event in Nonthaburi, Thailand.

 Noted Hindi poet-novelist and Sahitya Akademi honouree Vinod Kumar Shukla has bagged the inaugural Mathrubhumi Book of the Year award for his translated book “Blue Is Like Blue“.

Eminent Odia poet Rabi Singh died following a prolonged illness at his residence in Khapuria in Cuttack.He was 89.

The Indian Navy carried out a five-day coastal security exercise, ‘Matla Abhiyaan’, with personnel of two naval boats, holding interactions with all stakeholders along the riverine border with Bangladesh.

Maldives was officially readmitted to the Commonwealth, more than three years after the Indian Ocean archipelago nation quit the organisation over criticism of its human rights record, taking the count of the bloc’s membership countries back to 54.

The government on Friday revised downwards the economic growth rate for 2018-19 to 6.1 percent from 6.8 percent estimated earlier, mainly due to deceleration in mining, manufacturing and farm sectors.

Decorated para-athlete and India’s lone woman Paralympic medallist Deepa Malik has been elected as president of Paralympic Committee of India.

Pramod Agrawal assumed charge as the new Chairman and Managing Director of Coal India Ltd.

 Reserve Bank of India (RBI) Governor Shaktikanta Das has been named the Central Banker of the Year, Asia-Pacific 2020 and Jorgovanka Tabakovi, National Bank of Serbia, was adjudged the winner as the Global Central Banker of the Year by the Banker magazine, a unit of Financial Times (FT).

 World Wetlands Day is celebrated internationally each year on 2 February. It marks the anniversary of the signing of the Convention on Wetlands of International Importance (Ramsar Convention) in Ramsar, Iran, on 2 February 1971.The international theme for World Wetlands Day 2020 is ‘Wetlands and Biodiversity’.

World Cancer Day, organized by the Union for International Cancer Control (UICC) and celebrated each year on 4 February, is an opportunity to rally the international community to end the injustice of preventable suffering from cancer.This year’s theme, “I am, I will” acknowledges that everyone has the capacity to address the cancer burden.

M Prashanthi, District Collector of Nirmal, inaugurated National Level India’s Biggest Rural Technical Festival titled ‘Antahpragnya 2020’ in the state of Telangana at Rajiv Gandhi University of Knowledge Technologies-Basar (RGUKT-Basar), the temple city, 180 km from Hyderabad, the state capital of Telangana.

The Department of Science and Technology has launched the SATHI initiative, Sophisticated Analytical & Technical Help Institutes to address need for building strong science & technology infrastructure.

Ministry of Health and Family Welfare (MoHFW) has set up a task force under the chairmanship of Union Minister for Health and Family Welfare (MoHFW) Dr Harsh Vardhan, to monitor the recent novel Coronavirus (nCoV) outbreak.

According to the latest Reserve Bank data,credit and deposits grew 7.21 per cent and 9.51 per cent to Rs 100.05 trillion and Rs 131.26 trillion, respectively, in the fortnight ended January 17.

 Fitch Ratings said India is expected to clock a GDP growth of 5.6 per cent in the next financial year FY21 and GDP growth of 4.6% for this financial year FY20, lower than the projection made by the government’s Economic Survey, as Budget 2020 has not “materially altered” its view on the country’s growth outlook.

Flipkart has shut down the operations of Jabong, in a move to fully empower its premium fashion marketplace Myntra.

The Indian Olympic Association has invited BCCI President Sourav Ganguly to become the Goodwill Ambassador of the Indian contingent at the Tokyo Olympic game from July 24 to August 9.

The prestigious Golden Conch Award for Best Documentary Film has been awarded to Babenco: Tell Me When I Die, directed by Barbara Paz at the 16th edition of Mumbai International Film Festival have been presented at the closing ceremony, held in Nehru Centre Auditorium, Worli, Mumbai.

Srilanka celebrated it’s 72nd anniversary of independence from Britain was celebrated in the capital, Colombo on 4th February , with military parades and air shows.

The Andhra Pradesh Government has started door-delivery of pension scheme’Intivadhakey Pension to the beneficiaries.This is the first of its kind in India.

Karnataka CM B S Yediyurappa launched the Janasevaka scheme in a few municipal corporation wards to ensure home delivery of various services like ration cards, senior citizen identity and health cards.

The government on Wednesday approved setting up a new major port at Vadhavan near Dahanu in Maharashtra at a cost of ₹65,544.54 crore.

India had an estimated 1.16 million new cancer cases in 2018, according to a report by the World Health Organization (WHO), which said that one in 10 Indians will develop cancer during their lifetime and one in 15 will die of the disease.

 The CEOWORLD business magazine report says, Switzerland has been named the world’s most expensive country, with Norway second and Iceland third.

Insurance cover on bank deposits has been increased to Rs 5 lakh from Rs 1 lakh effective announced by the Reserve Bank of India (RBI).

The Reserve Bank of India (RBI) decided to keep its short-term lending rate unchanged at 5.15 per cent in the sixth bi-monthly policy review of current financial year 2019-20, the reverse repo rate stands unchanged at 4.9 per cent.

Ministry of MSME is implementing a ‘Scheme of Fund for Regeneration of Traditional Industries’ (SFURTI) Scheme under which financial support is being provided for setting up of traditional industries clusters viz. Khadi, Coir & Village industries clusters.

 Every year, February 6th marks the International Day of Zero Tolerance to Female Genital Mutilation (FGM). The day aims to promote the eradication of female genital mutilation.International Day of Zero Tolerance 2020 theme was ‘Unleashing Youth Power’.

 The Ministry of Food Processing Industries (MoFPI) has sanctioned 39 mega food parks and 298 integrated cold chain projects throughout the country to fill in the gaps across the value chain and establishing the cold chain grid.

India has been ranked 40th out of 53 countries on a global intellectual property index released by Global Innovation Policy Center or GIPC of the US Chambers of Commerce.

According to Minister of state for Finance,Anurag Thakur around 38 Crore bank accounts have been opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), till January 2020, Minister of State for Finance- announced.

In Senior Women’s National Weightlifting Championships, Rakhi Halder of Bengal has bagged gold in the 64kg category of the 35th edition of the event in Kolkata.

Indian cricketer Rishabh Pant has been appointed brand ambassador for the country’s steel giant JSW Steel.

World Bank chief economist Pinelopi Koujianou Goldberg announced she will be leaving the institution from March 1,2020 following a controversy over the World Bank’s statistical methods.

LinkedIn CEO Jeff Weiner announced his plans to step down from the position on June 1 and become executive chairman.