Weekly CA Quiz: April 2021 4th week

The Haryana government has approved allotment of 140 acres of land to e-commerce major Flipkart for setting up its largest fulfilment centre in Asia, having a covered area of 3 million square feet in Patli Hajipur in Gurugram district’s Manesar.

line with Budget announcement, the government has infused Rs 200 crore capital in state-owned IFCI to improve its financial health.

The Asian Development Bank (ADB) said it has provided $ 1.5 billion to India to deal with the COVID-19 pandemic.

As the Covid-19 crisis intensifies in India, tech companies are coming forward to offer help. Google has now announced Rs 135 crore in new funding for India, including two grants from Google.org, the philanthropic arm of the tech giant. The total amount from these grants is Rs 20 crore.

 Private sector lender Axis Bank said its board has approved the re-appointment of Amitabh Chaudhry as its Managing Director and CEO for three years with effect from January 1, 2022.

Who has been chosen as the first Indian and Asian woman for the 2021 ”WILD Innovator Award”?

India’s indigenous Light Combat Aircraft, Tejas, has added the 5th generation Python-5 Air-to-Air Missile (AAM) in its air-to-air weapons capability.

India has been ranked 49th in the Chandler Good Government Index (CGGI), which classifies 104 countries in terms of government capabilities and outcomes.

India was the third largest military spender in the world in 2020, behind only the US and China.

Government has left GPF and other non-government PF interest rate unchanged at 7.1 percent.

IAS Officer T V Somanathan who is serving as Secretary, Department of Expenditure in the Finance Ministry has been designated as the Finance Secretary.

Amit Banerjee has been appointed as the new Chairman & Managing Director (CMD) of BEML Limited, a Miniratna Defence PSU under the Ministry of Defence.

Chinese space mining start-up launched into low Earth orbit a robot prototype that can scoop up debris left behind by other spacecraft with a big net.

Renowned American author Jhumpa Lahiri has launched her new novel titled “Whereabouts”.

World Day for Safety and Health at Work is observed on April 28 annually. The day has been observed worldwide since 2003.

After an unprecedented spike in covid-19 positive cases, the Centre extended the Rs 50 lakh insurance scheme for about 22 lakh healthcare providers for another year with immediate effect.The scheme implemented by New India Assurance was slated to end on April 24.

Shivalik Small Finance Bank Ltd. has commenced operations as a small finance bank with effect from April 26.

 Global forecasting firm Oxford Economics revised downwards its India GDP growth forecast for 2021 to 10.2 percent from 11.8 percent previously, citing the country’s escalating health burden, faltering vaccination rate and lack of a convincing government strategy to contain the pandemic.

The Indian economy is projected to grow at 11 per cent in the current financial year amid the “strong” vaccine drive, said ADB, while cautioning that the recent surge in COVID cases may put the country’s economic recovery at “risk”.

Rafael Nadal saved a championship point to beat Stefanos Tsitsipas 6-4, 6-7 (6/8), 7-5 and claim a 12th Barcelona Open title in the ATP’s longest match of 2021.

The Securities and Exchange Board of India (SEBI) has approved the appointment of Arun Raste as the new Managing Director and CEO of National Commodity and Derivatives Exchange Ltd (NCDEX) for five years.

The Uttar Pradesh government said it has won the “E-Panchayat Puraskar 2021”, ranking first in Category I. It was followed by Assam and Chhattisgarh at the second position, while Odisha and Tamil Nadu stood third, the government said.

China’s first Mars rover will be named Zhurong after a traditional fire god, the government announced.

The Haryana cabinet approved a policy to provide jobs on compassionate grounds and economically weaker section (EWS) status to children either abandoned or surrendered and turned 18-year-old while living in child-care institutions across state.

Russia’s space agency said it hoped to launch its own orbital station in 2025 as Moscow considers withdrawing from the International Space Station programme to go it alone and build and manage its own floating laboratory that will be launched into orbit by 2030.

A UN-led global immunization strategy was unveiled to reach more than 50 million childrenwho have missed lifesaving jabs against measles and other diseases because of COVID-19 disruption.

The Reserve Bank of India (RBI) fixed the tenure of MD, CEO and whole-time director (WTD) in a private sector bank at 15 years and prescribed the maximum age of 70 years for such functionaries.

In a major initiative, the state government has roped in Microsoft to take up skill development training for college students and unemployed youth in Andhra Pradesh .

Bengaluru-based lady entrepreneur Vibha Harish, CEO and founder of herbal nutrition and plant-based supplement company Cosmix, has made it to Forbes Asia’s 30 Under- 30 in just one year of opening her venture. At present.

Argentina, Brazil, Uganda and Vanuatu were announced as the global winners of the ICC development awards for 2020.The awards are given to members for working to grow cricket in emerging markets in partnership with the ICC.

 The Living Mountain is a new story by Jnanpith winner and internationally renowned author Amitav Ghosh, written during the course of the pandemic.

World Immunization Week is a global public health campaign to raise awareness and increase rates of immunization against vaccine-preventable diseases around the world. It takes place each year during last week of April(24-30).

Chandigarh state government has released first-of-its-kind draft cycling policy that views cycling as a major alternate mode of transport for short distances.

Home-grown digital financial services platform Paytm has launched a new video-based wealth community called the Paytm Wealth Community.

The Reserve Bank of India (RBI) said it has cancelled the licence of Maharashtra-basedBhagyodaya Friends Urban Co-operative Bank Limited due to inadequate capital.

Newly-wed archery couple Deepika Kumari and Atanu Das led the show with two individual gold medals as India capped their best ever show in a World Cup, claiming three golds and one bronze in the tournament’s first stage.

Indian women’s recurve team held its nerve to pip Mexico 5-4 (27-26) in an intriguing final to grab a gold medal in the Archery World Cup Stage 1.

The fourth edition of ‘Khelo India Youth Games-2021’ will be held in Panchkula, Ambala, Shahabad, Delhi and Chandigarh from November 21 to December 5, in which various sports activities under-18 category would be organised.

World Intellectual Property Day is observed annually on 26 April. It aims to increase people’s awareness and understanding of intellectual property (IP).

World Malaria Day (WMD) is observed on April 25 every year. The day aimed at taking urgent action in the control of the deadly disease.

Prime Minister Narendra Modi launched the distribution of e-property cards under the SWAMITVA scheme through video conferencing.

The 19th edition of the Indian and French Navy bilateral exercise VARUNA-2021 is scheduled to be conducted in the Arabian Sea begin .

The Reserve Bank of India (RBI) relaxed the dividend payout norms of commercial banks and allowed them to pay up to 50 per cent of what they paid before Covid from the profits for the fiscal ended March 31, 2021.

The RBI said the existing interim Ways and Means Advances (WMA) limit of Rs 51,560 crore for all states and Union Territories will continue up to September 30, 2021, as the effect of the COVID-19 pandemic is still prevalent.

The State Bank of India (SBI) Research has revised India’s FY22 growth to 10.4% from 11% projected earlier in view of the increasing COVID-19 related curbs across states.

The Reserve Bank has restricted American Express Banking Corp and Diners Club International Ltd from onboarding new domestic customers onto their card networks from May 1 for violating data storage norms.

Fitch Ratings said the resurgence of COVID-19 infections may delay India’s economic recovery, but won’t derail it, as it kept the sovereign rating unchanged at ‘BBB-‘ with a negative outlook.

In the World Youth Boxing championships, Indian women boxers put up sensational performances as they created history with seven gold medals in Kielce, Poland.

Tamil Nadu teenager Arjun Kalyan became India’s 68th Chess Grandmaster when he crossed the 2500 ELO mark after beating Dragan Kosic in the fifth round of GM Round Robin “Rujna Zore-3” in Serbia.

The National Association of Software and Services Companies (Nasscom) announced the appointment of Rekha M Menon, Chairperson and Senior Managing Director at Accenture in India as its Chairperson for 2021-22.

Software-engineer turned social entrepreneur, Rumana Sinha Sehgal has been awarded the prestigious ‘Nelson Mandela World Humanitarian Award 2021’ by the Diplomatic Mission Global Peace.

NASA’s Perseverance rover on Mars has made oxygen from the planet’s carbon dioxide atmosphere. It is the second successful technology demonstration on the mission, which flew a mini-helicopter.

World Book and Copyright Day is celebrated every year on April 23 to promote reading, publishing, and copyright.

World Veterinary Day is widely observed annually on the last Saturday of April, every year across the world. This year, it falls on April 24.

India has been ranked at the 87th position among 115 countries in the Energy Transition Index (ETI) that tracks nations on the current performance of their energy systems across various aspects, according to a World Economic Forum (WEF) report released. The report, prepared in collaboration with Accenture, also draws on insights from ETI.

As India and Australia increase engagement under Indo Pacific vision, Canberra (April 19) announced a Rs 8.12 crore-grant under the Indo-Pacific Oceans Initiative(IPOI).

The finance ministry expanded the scope of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) which will now cover borrowers from the healthcare segment, apart from the 26 sectors identified by the Kamath Committee.

The United States Senate voted 51-49 to confirm Indian-American Vanita Gupta as associate attorney general, making her the first person of colour to occupy the third highest position at the Department of Justice.

 Private sector lender HDFC Bank said the Reserve Bank of India has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank.

Every year the United Nations marks April 23 as English Language Day. The day is also traditionally known to be the birthday of William Shakespeare.