Weekly CA Quiz: June 2021 4th week

 India-Italy-Japan launched their trilateral, the second trilateral involving India and a European power – hoping to create stability and a rules-based international order based on the consent of all, not on the power of the few in the Indo-Pacific region.

Indian Naval Ships Kochi and Teg along with P8I and MiG 29K aircraft are participating in a Passage Exercise with US Navy Carrier Strike Group Ronald Reagan during its transit through Indian Ocean Region.

Bengaluru right now ranks as one of the top five tech centers in the Asia Pacific and Hyderabad in the Top ten list.

Lending marketplace Paisabazaar.com and SBM Bank India announced the launch of Step Up Credit Card–a credit-builder product designed for consumers with limited access to formal credit, due to ineligible credit score.

The Reserve Bank of India (RBI) was second in terms of reserves transferred to the government as a percentage of gross domestic product (GDP) for the fiscal year 2020-21. Turkey has been ranked first.

The Indian Olympic Association (IOA) roped in mobile gaming platform MPL Sports Foundation as the principal sponsor of the country’s contingent for the upcoming Tokyo Olympics and next year’s Birmingham Commonwealth Games. The association is set to last till December 31, 2022. The IOA also said that diary giant Amul has agreed to be a sponsor for the Tokyo Games to be held from July 23 to August 8.

Jamsetji Nusserwanji Tata, founder of the Tata Group, has topped the EdelGive Hurun Philanthropists of the Century. The report pegs the current value of his donation – mainly to education and healthcare – at $102.4 billion with the start of his key endowments way back in 1892.

The world’s first genetically modified (GM) rubber plant was planted on the outskirts of Guwahati, Assam.

Theatre personality Arvind Gaur has released the book ‘Habba Khatoon’ authored by Kajal Suri. It was Published by Sanjana Prakashan.

The Odisha government and United Nations World Food Programme (WFP) have joined hands to improve household food and nutritional security by strengthening livelihood initiatives and reaching out to thousands of state-supported Women’s Self-Help Groups (WSHGs).

Denmark signed the framework agreement of the International Solar Alliance Framework Agreement (ISA FA) and Instrument of Ratification with India, informed Ministry of External Affairs (MEA) spokesperson Arindam Bagchi.

Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched its programme in Bhutan.

Kotak Mahindra Bank (KMBL) has announced the launch of ‘Pay Your Contact’ – an innovative feature on KMBL’s mobile banking app that uses the Unified Payments Interface (UPI) platform and allows customers to send money or make payments to any of their contacts across all payment apps simply by entering the beneficiary’s mobile number.

SBI General Insurance, one of the leading general insurance companies in India, has signed a corporate agency agreement with IDFC FIRST Bank for distribution of non-life insurance solutions.

World’s biggest fertilizer cooperative Indian Farmers Fertiliser Cooperative (IFFCO) informed that it will set up a Nano Urea Liquid manufacturing plant in Argentina in partnership with the Cooperative Confederation of Argentina (Cooperar)

Armenian Prime Minister Nikol Pashinyan’s party won a majority in the snap parliamentary elections with 53.9 percent of the vote, as per official results declared.

For the first time, National Thermal Power Corporation Limited (NTPC) won recognition as India’s Best Employers among Nation-Builders 2021. It has been recognized as the ‘Great Place to Work’ for the 15th straight year by the Great Places to Work Institute

The Cochin International Airport has won the Airport Council International (ACI) Director General’s Roll of Excellence honour in Airport Service Quality.

Union Health Minister Harsh Vardhan has unveiled Krishna Saksena’s book “My Joys and Sorrows – as a Mother of a Special Child”.

 International Financial Services Centres Authority (IFSCA) has constituted a committee to examine global best practices in ship financing and leasing.

 The Cabinet approved a proposal to extend the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)for 5 months to provide free ration to over 80 crore people, mostly poor, by five more months till November-end.

The Post Graduate Programme in Enterprise Management (PGPEM) of the Indian Institute of Management Bangalore (IIMB) has been ranked the best in India in the latest edition of QS Executive MBA Rankings. IIMB has bagged the 39th spot globally, making it the only Indian institute to feature in the list of the top 100.

State Bank of India (SBI) has launched the Aarogyam Healthcare Business Loan to provide enhanced support to the healthcare sector in the country amid pandemic.

The Centre, Government of Mizoram and the World Bank have signed a USD 32 million Mizoram Health Systems Strengthening Project to improve the management capacity and quality of health services in Mizoram, particularly for the benefit of under-served areas and vulnerable groups

 Australia’s Kaylee McKeown broke the women’s 100m backstroke world record. She clocked 57.45sec at the Australian Olympic trials in Adelaide, dedicating it to her father who died last year.

The government has appointed former Olympic medallist Karnam Malleswari as the first Vice Chancellor of Delhi Sports University.

Microsoft officially launched its new Windows operating system ‘Windows 11’ . It is being called as the “next generation” of Windows.

 A new species of skittering frog has been identified from the surroundings of the Thattekkad bird sanctuary

Indian British author Ruskin Bond has authored a new book titled ‘It’s a Wonderful Life’ is published by Aleph Book Company.

National Security Advisor Ajit Doval attended a meeting of the top security officials from the member nations of the Shanghai Corporation Organisation (SCO) in Tajikistan capital Dushanbe.

Paris-based Financial Action Task Force (FATF) adds Malta, Haiti, the Philippines and South Sudan to gray list.

SBI card, the country’s second-largest credit card issuer and Fabindia, a retail platform for a wide range of handcrafted products by the artisans of the country, have joined hands to launch an exclusive co-branded contactless credit card — Fabindia SBI Card.

Notwithstanding incremental credit growth plunging to a 59-year low at 5.56 per cent in FY21, the bank credit-to-GDP ratio rose to a five-year high of a little over 56 per cent in 2020, but way behind its peers and just half of the G20 average, according to the latest data from the Bank for International Settlements (BIS).

Abhishek Verma beat American Kris Schaff via shoot-off in a nerve-wracking final to win the compound men’s individual title in the Archery World Cup Stage-3 in Paris.

Vigilance Commissioner Suresh N. Patel will act as the Central Vigilance Commissioner (CVC) in the Central Vigilance Commission with effect from the date of occurrence of vacancy that is June 24, 2021, until the appointment of the central vigilance commissioner, according to a Personnel Ministry notification.

 Law Minister Ravi Shankar Prasad launched the e-filing portal of the Income Tax Appellate Tribunal (ITAT), saying the initiative should be seen as a larger narrative of transformation the country is undergoing through the digital medium.

Prime Minister Narendra Modi virtually inaugurated a Japanese Zen garden and Kaizen academy at the Ahmedabad Management Association (AMA).

 Government has extended the deadline for linking PAN with Aadhaar till 30th of September.

Hemis Festival in Ladakh is celebrated annually on the 10th day of the Tse-Chu, Lunar month of the Tibetan Calendar.

G20 Labour & Employment Ministers’ Meeting was held in Catania, Italy.Ministry of labour & employment, India was represented by MoS (I/C) Shri Santosh Gangwar along with minister of state for education, Sanjay Dhotre

 The Reserve Bank said it has launched the 2020-21 round of its annual survey on computer software and information technology enabled services (ITES) exports, results of which are used for compilation of balance of payments statistics. The RBI has been conducting this annual survey since 2002-03

China replaced the UAE as the second largest export destination for India in fiscal 2021, with outbound shipments to the neighbouring country rising 27.53% to $21.18 billion in the pandemic year. The US remained the country’s top export partner.

 Life Insurance Corporation (LIC), SBI Life and Canara Bank were among the top investors picking up stakes in Indian Bank under a QIP, according to a regulatory filing.

Digital healthcare company Pharmeasy announced that it will acquire a controlling stake in diagnostic chain Thyrocare for Rs 4,546 crore.

An award-winning author Tahmima Anam has released his new novel titled ‘The Startup Wife’.

 Turkmenistan’s capital city Ashgabat has become the world’s most expensive city for foreign workers, according to this year’s Mercer Cost of Living Survey. Hong Kong was on the second position, followed by Beirut in Lebanon and Tokyo in Japan.

Ukraine and the United States launched joint naval exercises “Sea Breeze Drills” in the Black Sea in a show of Western cooperation with Kiev as it faces off with Russia.

India’s largest power producer NTPC has set a target to install 60 GW (gigawatts) of renewable energy capacity as part of the plan to reduce by 10% its net energy intensity by 2032.

Red Bull Racing superstar Max Verstappen extended his lead over Lewis Hamilton in the driver’s championship to 18 points by winning the Styrian Grand Prix in Spielberg.

Twitter appointed California-based Jeremy Kessel as the new Grievance Officer for India, as required under the new Information Technology Rules, 2021, hours after Dharmendra Chaturquit from the post, Bar and Bench reported.

CBI Additional Director Praveen Sinha has been appointed as Special Director of Central Bureau of Investigation, a post earlier held by Rakesh Asthana.

Sweden’s Prime Minister Stefan Lofven resigned, one week after he lost a vote of no confidence, leaving it up to the speaker of parliament to begin the search for a replacement

RK Sabharwal, the Chairman and Managing Director (CMD) of Engineers India Limited (EIL), has been honoured with the highest civilian award of Mongolia ‘The Order of Polar Star’.

Chief Justice of India N V Ramana released a book “Anomalies in Law and Justice” by former Supreme Court Judge Justice (retd) R V Raveendran, explaining in simple terms various deficiencies in the law which needs to be overcome.

 Andhra Pradesh has started a programme to transform foundational learning in government schools for which the World Bank has approved a loan of 250 million dollars.

 The government allocated an additional Rs 19,041 crore to provide broadband connectivity in all villages under the BharatNet project.

The Turkish and Azerbaijani militaries have started joint drills called “Mustafa Kemal Atatürk 2021,” in Baku, Azerbaijan’s Defense Ministry said.

Indian Bank launches its flagship Business Mentoring Program ‘MSME Prerana’ in the state of Maharashtra. It was launched by Shri Nitin Gadkari,Union Minister of MSME and Road, Transport and Highway.

 Shambhu Nath Srivastava, a former judge of Allahabad High Court and former chief Lokayukta of Chhattisgarh, has been appointed the chairman of the Indian Federation of United Nations Associations (IFUNA) .

Renowned journalist and founder of PARI (People’s Archive of Rural India) P Sainath has been awarded the Fukuoka Grand Prize for 2021.