Weekly CA Quiz: December 2021 3rd week

Cabinet has approved implementation of Pradhan Mantri Krishi Sinchayee Yojana for 2021-26. The scheme will benefit about 22 lakh farmers, including 2.5 lakh Scheduled Caste and two lakh Scheduled Tribe farmers.

The government approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country in an bid to position India as a global hub for hi-tech production, and attract large chip makers.

India and Uzbekistan have decided to promote interregional cooperation between their respective states with an eye on improving overall economic partnership.

Madhabi Puri Buch, Former Whole Time Member of Sebi will head a new committeeconstituted by the market regulator to technology. The name given to the committee is ‘Advisory Committee for Leveraging Regulatory and Technology Solutions (ALeRTS)’.

The Reserve Bank of India (RBI) has decided to put in place a prompt corrective action (PCA) framework for troubled non-banking finance companies to restore their financial health. Until now, the RBI had imposed PCA only on banks.

Meta (formerly Facebook) said it will expand its partnership with the Central Board of Secondary Education (CBSE) to provide a curriculum on digital safety and online well-being and augmented reality (AR) for over 10 million students and 1 million educators in the country over the next three years.

The Central Board of Direct Taxes (CBDT) has issued new rules for faceless collection of information from taxpayers, where mismatches are detected.

Durga Puja in Kolkata has been inscribed on the Intangible Heritage list by UNESCO.

The Sports Journalists’ Federation of India (SJFI) at its Annual General Meeting (AGM) in Guwahati decided to confer the prestigious SJFI Medal to legendary cricketer Sunil Gavaskar.

Vice President M Venkaiah Naidu released the book “Raj Kapoor: The Master At Work” and remembered the late showman for his invaluable contribution to making Indian cinema “a vehicle of cultural diplomacy” across the world.

The government has accorded in-principle approval for setting up 21 Greenfield Airportsacross the country so far.

India’s first Green Hydrogen Microgrid Projects to be set up at Simhadri near Visakhapatnam in Andhra Pradesh.

Defence Minister Rajnath Singh has laid the foundation stone of SAINYA DHAM in Guniyal village of Dehradun to honour the defence personnel of Uttarakhand, who sacrificed their lives for the nation, ever since World War I.

French defence minister Florence Parly is arrived in India on a two-day visit that is aimed at further strengthening the already close bilateral strategic ties, people familiar with the developments said.

India will host South Asian Football Federation’s (SAFF) U-18 and U-19 Women’s Championships next year.

Ravinder Bhakar, CEO of Central Board of Film Certification (CBFC) has assumed charge of National Film Development Corporation (NFDC), Films Division, and Children Films Society of India (CFSI).

Army Chief Gen MM Naravane has assumed the charge as the chairman of the Chiefs of Staff Committee that comprises the three service chiefs, people familiar with the development said. The post fell vacant following the death of Chief of Defence Staff Gen Bipin Rawat in the IAF helicopter crash on December 8.

Simone Biles was named Time’s 2021 Athlete of the Year, the magazine announced.The world’s most decorated gymnast was hailed for putting her mental health first when she withdrew from four event finals at the Tokyo Olympics.

The Centre has decided to raise the legal age of marriage of women from 18 to 21 years and is likely to move legislative amendments in the ongoing winter session of Parliament.

At the Fuel For India 2021 event WhatsApp announced the Digital Payments Utsav – a pilot program that is going to adopt 500 villages in Karnataka and Maharashtra in an effort to “accelerate financial inclusion”.

PFC, India’s leading NBFC in the power sector, signed an agreement to lend Rs 275 crore for deployment of 350 electric buses across nine cities of Uttar Pradesh.

Aditya Birla Group’s chairman, Kumar Mangalam Birla received the Global Entrepreneur of the Year Award– Business Transformation from The Indus Entrepreneurs (TiE) based out of Silicon Valley.

The Vice President, Shri M. Venkaiah Naidu released the book titled ‘Gandhitopi Governor’ written by Shri Yarlagadda Lakshmi Prasad has been released recently.

Bajaj Allianz General Insurance has unveiled Health Prime rider, an additional coverage that can be availed with its health insurance and personal accident policies.

The Reserve Bank of India (RBI) has thrown open the government agency business like tax collection to scheduled payment banks and scheduled small finance banks (SFBs). This is part of move to provide further scope to private banks to conduct government agency business.

ICICI Prudential Life Insurance (IPRULIFE) has become the first Indian insurance company to sign the United Nations-supported Principles for Responsible Investment (UNPRI), demonstrating its commitment towards the environment, social and governance (ESG) issues.

Indian shooter Avani Lekhara won the “Best Female Debut” honour at the 2021 Paralympic Awards for her record-breaking gold medal at the Tokyo Games.

The book titled “The Monk Who Transformed Uttar Pradesh: How Yogi Aditynath Changed UP Waala Bhaiya’ abuse to a Badge of Honour” written by author Shantanu Gupta has been released recently. The book is published by Garuda Prakashan.

Ghaziabad is the most polluted city in north India and its annual average PM2.5 levels are much worse than those of Delhi, according to data from 137 continuous ambient air quality monitoring stations (CAAQMS) spread across 56 cities in the region.

West Bengal topped the chart and Bihar languished at the bottom in the ’large states’category on the ’Index on Foundational Literacy and Numeracy’ — an indicator of literacy among children below 10 years.

India’s first International Arbitration and Mediation Centre (IAMC) was jointly inaugurated by Chief Justice of India, N.V. Ramana, and Telangana Chief Minister, K. Chandrasekhar Ra.

India and the US have announced a new program supporting innovations to tackle climate and clean energy challenges. The program titled ‘Technology-based Energy Solutions: Innovations for Net Zero’ constitutes a call for Ignition Grants by the United States-India Science and Technology Endowment Fund.

Malta became the first country in the European Union to agree to formally legalize the use and growing of marijuana for recreational purposes, the latest sign of a more liberal approach to the substance being taken in the bloc in recent years.

The International Financial Services Centres Authority (IFSCA) sets up a committee for creating a framework for transfer of stressed loans from domestic lenders to financial institutions in IFSC.

Indian lifter Purnima Pandey created eight national records on the way to a gold in the women’s +87kg category at the Commonwealth Championships.

Karl Nehammer was sworn in as Austria’s third chancellor in two months, capping a round of upheaval triggered by the decision last week of Sebastian Kurz, the country’s dominant political figure of recent years, to bow out of politics.

India successfully tested the new generation nuclear-capable ballistic missile ‘Agni P’ from Dr APJ Abdul Kalam island off the Odisha coast, the Defence Research and Development Organisation said.

Punjab Chief Minister Charanjit Singh Channi declared the Shri Krishan Balram Rath Yatra as “state festival”. The Chief Minister also announced Rs 2.51 crore for Ludhiana’s Iskcon Temple.

NITI Aayog has signed a Statement of Intent with United Nations World Food Program for the mainstreaming of millets and supporting India in taking lead globally in knowledge exchange.

The Government of India and the German Development Bank KFW (Kreditanstalt für Wiederaufbau) have signed a Euro 442.26 million loan for the Surat Metro Rail project.

India has registered the highest ever annual Foreign Direct Investment (FDI) inflow of 81.97 billion dollar in 2020-21.

India concluded the Commonwealth Weightlifting Championships 2021 with 16 medals – 4 Gold, 7 Silver, and 5 Bronze, held at Tashkent, Uzbekistan.

The streets of Santiago erupted in celebration after leftist millennial Gabriel Boric became Chile’s youngest-ever president-elect with an unexpectedly large victory over his far-right rival in a polarizing race.

Tennis star Emma Raducanu is the BBC’s Sports Personality of the Year for 2021. She beat Tom Daley(diver) and Adam Peaty (swimmer) into second and third place, while England’s men’s footballers were named team of the year and Gareth Southgate the coach, as a triumphant period for British sport across the board was commemorated at a ceremony in Salford. Tom Daley won gold for the first time at his fourth Olympics in Tokyo.

Steel Authority of India Limited (SAIL) has been awarded with the prestigious Golden Peacock Environment Management Award for the year 2021 in the Steel Sector by the Institute of Directors.

Aiming at a more diversified food basket under its free food distribution programme with focus on coarse grains and millets, NITI Aayog has entered into an agreement with United Nations World Food Program (WFP) to address issues related to inclusion of millets in government programmes.

In order to help smallholder farmers across Asia and Africa, NITI Aayog’s Atal Innovation Mission, and the United Nations Capital Development Fund rolled out their first AgriTech Challenge cohort for its innovative Agri-tech program.

India’s rooftop solar capacity addition tripled to 1.3 GW during January-September 2021 as compared to the same period a year ago, as per a report. The country added 448 megawatts (MW) of rooftop solar in July-September this year, a 14 percent drop quarter-on-quarter (QoQ) compared to 521 MW installed in April-June, according to Mercom India Rooftop Solar Market Report Q3 2021.

Odisha Chief Minister Naveen Patnaik inaugurated T-Setu, the State’s longest bridge over Mahanadi in Cuttack district.

National Payments Corporation of India (NPCI) has announced its partnership with Udemy Business, a leading destination for learning and teaching online, to encourage continuous learning and skill development for its employees.

DRDO scientist Atul Dinkar Rane has been appointed as the new chief executive officer (CEO)and chief managing director (CMD) of the Indo-Russian multinational aerospace and defence corporation, BrahMos Aerospace Limited.

Bank of Baroda announced that it has won the number one position in overall digital transactions among large banks for FY20-21.

Divya Hegde from Udupi, coastal Karnataka, has won the UN Women’s Award for Leadership Commitment at the 2021 Regional Asia-Pacific Women’s Empowerment Principles Awards ceremony.

An uptick in the number of offenders has taken India into the top-three of the world’s biggest doping violators in a World Anti-Doping Agency (WADA) report detailing the transgressions for the year 2019. India is only behind Russia (167) and Italy (157), while Brazil (78) is at fourth and Iran (70) fifth.

The finance ministry said advance tax collection increased by 53.50 per cent to Rs 4.60 lakh crore so far this fiscal year, indicating recovery in the economy.

Jindal Global University (JGU) has won the “Digital Innovation of the Year” award at the distinguished Times Higher Education (THE) Asia Awards 2021.

HDFC Life, one of India’s leading life insurance companies, has been adjudged the ‘Best Governed Company Listed Segment: Large Category’ at the 21st edition of the ICSI National Awards for Excellence in Corporate Governance.

Docprime Technologies, a wholly owned subsidiary of PB Fintech, has launched Docprime Health Locker, India’s first Health Locker integrated with Ayushman Bharat Digital Mission.

Actor-producer Tusshar Kapoor announced his book titled ‘Bachelor Dad’, which revolves around his unconventional journey of fatherhood as a single parent.

Prime Minister Narendra Modi transferred Rs 1,000 crore to bank accounts of self help groups to benefit around 16 lakh women.