Weekly CA Quiz: June 2020 1st week

India has come up with a ‘One Sun One World One Grid’ (OSOWOG) initiative to set up a framework for facilitating global cooperation in this regard aiming at building a global ecosystem of interconnected renewable energy resources that can be seamlessly shared.

Singapore was the top source of foreign direct investment into India for the second consecutive financial year, accounting for about 30 per cent of FDI inflows in 2019-20.

Carat India has announced the appointment of Anita Kotwani as chief executive officer.

State-run Power Finance Corporation (PFC) announced the appointment of Ravinder Singh Dhillon as Chairman and Managing Director from June 1 following superannuation of Rajeev Sharma this month.

Musician Wajid Khan, of composer duo Sajid-Wajid, has passed away at the age of 42.

The government has launched the Kisan Credit Cards campaign to benefit dairy farmers. Under the special drive, Kisan Credit Cards will be provided to 1.5 crore dairy farmers belonging to Milk Unions and Milk producing Companies within the next two months between June 1-July 31, 2020.

Public sector banks have sanctioned loans worth over 10,361crore rupees under the 100 percent Emergency Credit Line Guarantee Scheme.

The Reserve Bank of India has approved the extension of tenure for Lakshmi Vilas Bank’s MD and CEO, Subramanian Sundar by six months. This is the second extension given to Mr. Sundar who was the MD & CEO (interim) from January 1, 2020 to April 30.

Senior IAS officer Pradip Kumar Tripathi took over the charge as Secretary in the Ministry of Steel, according to an official statement.

Defence Research and Development Organisation (DRDO) has developed a disinfection unit named Ultra Swachh to disinfect a wide range of materials, including Personal Protective Equipment (PPEs), electronics items, fabrics, etc.

Former two-time Tamil Nadu State BJP president K N Lakshmanan died at his home in Salem due to age-related ailments. He was 90 years.

International archer-turned-coach Jayantilal Nanoma died in a road accident in Rajasthan. He was 34.

The centre has announced the launch of ‘Mudra Shishu loan’ to benefit small businesses and cottage industries.

Union Government launched PM SVANIDHI – Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi – a special micro-credit facility scheme for providing affordable loan to street vendors.

WHO along with 37 nations and numerous partners has launched a ‘COVID-19 Technology Access Pool’ which aims to make vaccines and other key COVID-19 tools accessible to all. C-TAP will provide a “one-stop shop” for scientific knowledge, data and intellectual property to be “shared equitably by global community”.

Yes Bank has partnered with Chalo to launch of a co-branded contactless travel card in Mangalore and Udupi, which would enable users to load money on the card to make ‘tap to pay’ payments across buses.

Public Sector Banks have sanctioned collateral free loans worth three thousand 200 crore rupees in a single day under the Atmanirbhar Bharat Abhiyan.

 Moody’s Investors Service downgraded India’s foreign currency and local currency long-term issuer ratings to Baa3 from Baa2, citing the country’s policymaking institutions will be challenged in enacting and implementing policies which effectively mitigate the risks of a sustained period of relatively low growth.

The Sports Authority of India (SAI) launched Khelo India e-Pathshala in association with National Sports Federations (NSF) with an aim to provide first-ever national-level open online coaching and education programme for grassroot-level athletes.

The Insolvency and Bankruptcy Board of India (IBBI) has reconstituted its advisory committee on service providers and it would now be chaired by Manipal Global Education Services Chairman T V Mohandas Pai. The 12-member panel would advise and provide professional support on regulation and development of the service providers dealt with by the IBBI.

June 1 is celebrated as World Milk day every year. 2020 marks the 20th anniversary of World Milk day. The day is celebrated to bring attention to how dairy supports the livelihoods of one billion people.The theme for World Milk day 2020 is ‘the 20th Anniversary of World Milk Day’. The day is being celebrated to promote the health benefits of milk and dairy products.

 Union Government has launched a new initiative SWADES- Skilled Workers Arrival Database for Employment Support to conduct a skill mapping exercise of the returning citizens under the Vande Bharat Mission.

Telangana Chief Minister K Chandrashekhar Rao has inaugurated the 15 TMC Kondapochamma Sagar reservoir by switching on pumps at the Markook pump house under Gajwel Assembly segment in a simple but solemn ceremony graced by Sri Tridandi Chinna Jeeyar Swami.

After declaring the Internet as the fundamental right of every citizen, Kerela is now all set to roll out free high-speed broadband Internet for all the poor in the state.

The extension of the lockdown by the government will have a deep impact on economic activity, a foreign brokerage said, sharply cutting India’s GDP forecast for this financial year to a contraction of 2 per cent.

Saregama announced a global deal with Facebook, to license its music for video and other social experiences across Facebook and Instagram.

eteran banker Uday Kotak has been appointed as the new President of the Confederation of Indian Industry (CII) for 2020-21.

BAFTA has appointed Krishnendu Majumdar, the producer behind the International Emmy-winning series Hoff The Record, as its new chair.

Kritika Pandey, a writer from Ranchi, was announced as the regional winner for Asia in the 2020 Commonwealth Short Story Prize.

On the occasion of the World Environment Day, the Central government announced the implementation of ‘Nagar Van’ scheme to develop 200 Urban Forests across the country in the next five years.

Power Minister R K Singh initiated the ‘#iCommit’ campaign on the occasion of World Environment Day.

With the easing of the lockdown restrictions, private sector HDFC Bank announced a special Summer Treats campaign with offers for both merchants and, salaried and self-employed customers.

The Asian Football Confederation (AFC) has granted All India Football Federation (AIFF) the rights to host the AFC Women`s Asian Cup 2022 final. The decision was taken at the AFC Women`s Football Committee.

 India appointed Brajendra Navnit, a 1999 batch IAS officer of Tamil Nadu cadre as India’s new ambassador to the World Trade Organization (WTO).

 Kiran Mazumdar-Shaw, Executive Chairperson of Biocon, has been named EY World Entrepreneur Of The Year 2020 for her contribution in improving universal access to affordable life-saving medicine and transforming the world in one of its kind virtual entrepreneurship award ceremony.

Bollywood producer Anil Suri, who had backed films like Raaj Kumar-Rekha starrer “Karmayogi” and “Raaj Tilak”, passed away due to coronavirus on Thursday.He was 77.

Union human resource development (HRD) minister Dr Ramesh Pokhriyal Nishank and minister of housing and urban affairs (MoHUA) Hardeep Singh Puri jointly inaugurated The Urban Learning Internship Programme (TULIP) to provide internship opportunities to thousands of fresh graduates and engineers of the county under the ‘Smart City’ projects.

The Chhattisgarh government launched the Spandan Campaign to contain incidents of suicide and fratricide involving police personnel, and instructions were issued to senior officers to strictly adhere to guidelines in this regard

Virtual Global Vaccine Summit 2020 was hosted by the UK Prime Minister Boris Johnson urging countries and organizations to pledge funding for vaccinations to save millions of lives. India was represented by the Prime Minister Narendra Modi in the summit.

In an effort to give a push to digital payments across the country, the Reserve Bank of India (RBI) said they are setting up a Payment Infrastructure Development Fund (PIDF) of Rs 500 crore.

IndusInd Bank announced the launch of a first-of-its-kind assisted mobile application based facility, that enables the bank to open current accounts for self-employed individuals and businesses digitally, in just a few hours.

Mastercard, Axis Bank and Worldline launched Soft POS to become the first financial payments service in India to transform everyday smartphones into merchant Point of Sale terminals. The solution comes with various features for the merchant community.

Senior bureaucrat Rajeev Topno has been appointed as the Senior Advisor to the Executive Director (ED) of World Bank, in Washington DC for a period of three years.

Lieutenant Governor, Girish Chandra Murmu launched JK Employees Salary Tracker Mobile App- ‘MeraVetan’ (Version-1) at Raj Bhavan.

Filmmaker-screenwriter Basu Chatterjee, best known for directing films like Choti Si Baat, Rajnigandha, Baaton Baaton Mein, Ek Ruka Hua Faisla and Chameli Ki Shaadi among more, passed away in Mumbai, following age-related ailments. He was 93.

World Environment Day is the most renowned day for environmental action. Since 1974, it has been celebrated every year on 5 June.The theme of World Environment 2020 is ‘celebrating biodiversity’ — a concern that is both urgent and existential.

The Andhra Pradesh government launched what it claimed to be the country’s first online Waste Exchange Platform to ensure 100 per cent safe disposal of industrial toxic wastes.

British lender Standard Chartered Bank’s local unit has started operations from the International Financial Services Centre, becoming the first global bank to commence operations from the special economic zone in Gandhinagar.

M Nethra, a 13-year-old daughter of a salon owner in Madurai, has been appointed as a ‘Goodwill Ambassador for the Poor’ by United Nations Association for Development and Peace (UNADAP).