Weekly CA Quiz: May 2021 3rd week

The Uttarakhand Police has launched a drive called “Mission Hausla” to help people get oxygen, beds and plasma for COVID-19 patients.

To further promote and for holistic growth of the horticulture sector in the country, the Ministry of Agriculture and Farmers Welfare has provided an enhanced allocation of Rs. 2250 Crore for the year 2021-22 for ‘Mission for Integrated Development of Horticulture’ (MIDH), a centrally sponsored scheme.

Finance Minister Nirmala Sitharaman handed over possession to 640 homebuyers of the first stalled project completed with funding by SWAMIH Fund managed by SBICap Ventures Ltdand said that the Fund will benefit 1.16 lakh buyers whose projects had been stalled due to last mile funding issues.

The Reserve Bank of India (RBI) said it has excluded Lakshmi Vilas Bank (LVB) from the Second Schedule of the RBI Act with effect from November 27, 2020.

 World Rugby has announced that New Zealand will now host the postponed 2021 Rugby World Cup (RWC) more than one year after it was initially scheduled, following confirmation of a new masterplan for the women’s tournament.

 All Covid-19 related foreign aid received by the government can be tracked online end-to-end till distribution by the donors. The NITI Aayog has set up a dedicated portal – CovAid – for tracking all aid coming via missions or by individual organisations.

Shivrai Technologies, Indian AgTech company, recently announced the launch of their B2C Farm accounting mobile application, Farmizo Khata.

In Tennis, Polish teenager Iga Swiatek has won the Women’s Singles title of Italian Open. 15th seed Swiatek defeated ninth seed Czech Karolina Pliskova 6-0, 6-0 with what is known as a “double bagel” score in the summit clash in Rome that lasted just 46 minutes.

Miss Mexico Andrea Meza was crowned as the 69th Miss Universe in the Seminole Hard Rock Hollywood Hotel or famously known as the Guitar hotel in Florida .

World Hypertension Day is observed annually on 17 May to spread awareness about hypertension disease, its prevention, detection, and control.

World Telecommunication and Information Society Day (WTISD) has been celebrated annually every 17 May since 1969 to mark the founding of ITU and the signing of the first International Telegraph Convention in 1865.

Centre has released over Rs 5950 Crore to 15 States in the current financial year for the implementation of Jal Jeevan Mission. It is being implemented in partnership with States and Union Territories.

Google said it has partnered with SpaceX to provide cloud services to help deliver internet through the latter’s Starlink satellites.

Tribal Affairs Ministry and Microsoft have signed an MoU for digital transformation of Tribal Schools such as Eklavya Model Residential Schools and Ashram Schools.

Piramal Enterprises (PEL) said its subsidiary Piramal Capital and Housing Finance (PCHFL)has received an approval from the Competition Commission of India (CCI) to take over Dewan Housing Finance Corporation (DHFL).

 In tennis, Rafael Nadal beat world number one Novak Djokovic to win a 10th Italian Open title. Second seed Spaniard Nadal won through 7-5, 1-6, 6-3 against the defending champion. Nadal also equalled Djokovic’s record of 36 ATP Masters 1000 titles in his 12th Rome final.

Former Test opener Shiv Sunder Das has been named batting coach of the Indian women’s cricket team only for the upcoming seven-match tour of England.

International Invincible Gold Medal of this year has been conferred on Union Education Minister Dr Ramesh Pokhriyal Nishank

Bihar government launched ‘HIT Covid App’ to ensure regular monitoring and tracking of those Civid-19 patients, who are in home isolation across the state.

 International Museum Day is globally observed on May 18, annually. 2021 marks this international event’s 44th year.

The 6th UN Global Traffic Safety Week, which this year is celebrated between 17 and 23 May, call for 30 km/h (20 mph) speed limits to be the norm for cities, towns and villages worldwide.

World AIDS Vaccine Day or HIV Vaccine Awareness Day is observed annually on May 18 to promote the continued and urgent need for a vaccine to prevent HIV infection and AIDS.

 The Haryana government has allowed reimbursement of goods and service tax paid by companies, non-governmental organisations and individuals on purchase of 15 itemsincluding Covid vaccines, remdesivir injections, ventilators and oxygen cylinders that they have donated free of cost to the state government or state-run hospitals.

Asian cities face the greatest risk from environmental issues including air pollution and natural disasters, according to a report by research firm Verisk Maplecroft.

The European Investment Bank and the country’s largest lender SBI entered into a pact to jointly pump Euro 100 million in equity financing into Indian small businesses focused on climate change and sustainability.

India’s wholesale price inflation hardened to an almost 11-year high in April on the back of a sharp rise in prices of basic metals, fuel and power, indicating retail inflation may firm with a lag in response to this cost push pressure.

Ashleigh Barty won the Porsche Tennis Grand Prix 2021. The world number one defeated Aryna Sabalenka 3: 6, 6: 0 and 6: 3 in the final.

The International Boxing Association (AIBA) announced that the world championship of boxing for men will be held from 26 October to 6 November in Belgrade, Serbia.

Manipur Chief Minister, N Biren Singh launched a mobile application named ‘MOMA Market’ for home delivery of fresh vegetables, for day to day consumption, amid COVID pandemic.Currently the application can be downloaded from http://www.momamarket.com and will be available on Google Play Store soon.

The Maharashtra Chamber of Commerce, Industry, and Agriculture (MCCIA) has launched India’s first agro-export facilitation centre in Pune, in collaboration with National Bank for Agriculture and Rural Development (NABARD).

Pune is ranked first while Delhi-NCR is at the lowest position among eight major cities in health infrastructure-related parameters, including number of hospitals beds, air-water quality and sanitation, according to a report by Housing.com.

The Department of AYUSH in Madhya Pradesh launched the “Vaidya Aapke Dwar” scheme, through which free AYUSH medical specialists can be consulted through live video call from home. The Minister of State for AYUSH, Shri Ramkishore Kaware, had launched the scheme virtually on May 7.

The Punjab government unveiled a unique “Covid Fateh programme“, as part of the “Corona Mukt Pind Abhiyaan” to tackle the spread of COVID-19 infections in rural areas amid the ongoing second pandemic wave.

Amazon has launched its miniTV in India which is a video streaming platform that includes web series, comedy shows, and many genres of videos to stream for free, as per a blog post.

Mixed Martial Artist (MMA) Arjan Bhullar made history he became the first fight of India descent to win a world title in the sport after beating Brandon Vera to end his five-and-a-half-year reign as the heavyweight champion in the One Championship.

The Board of Directors of IDBI Bank has approved the appointment of P Sitaram, Executive Director (ED), as Chief Financial Officer (CFO) and Key Managerial Personnel with effect from June 1, 2021.

Telecom operator Reliance Jio said it is constructing the largest international submarine cable system centred on India with global partners and submarine cable supplier Subcom to cater to increased data demand.

World Metrology Day is observed globally on 20th May every year.

Jharkhand has clinched the first position in the recent ranking released by the Union Ministry of Housing and Urban Affairs, Government of India, based on the progress of the implementation of the Smart City Mission’s schemes running in different 100 cities of the Country’s 36 states and union territories.Rajasthan came second in the rankings.

Germany’s World Cup-winning midfielder Sami Khedira said he will retire following his club Hertha Berlin’s final match of the Bundesliga season against Hoffenheim.

Indian Navy’s first destroyer INS Rajput was decommissioned at Naval Dockyard, Visakhapatnam after serving the nation for 41 glorious years.

 Rural Development Minister Narendra Singh Tomar has launched National Mobile Monitoring Software, NMMS app and Area officer monitoring App through Video-Conferencing.

To serve customers in the new normal times, State Bank of India launches a full power YONO Savings Account that can be opened instantly with Video KYC in 4 simple steps.

The Reserve Bank of India (RBI) makes interoperability mandatory for Prepaid Payment Instruments (PPIs). The central bank has advised banks and companies to enable interoperability by March 31, 2022. That means interoperability for mobile wallets will be in effect from the starting of the financial year FY23.

Alankit Imaginations Ltd announced a tie-up with Digital Swiss Gold (DSG) that will allow individuals to transact in gold digitally in Switzerland.

Citing the impact of the second wave of the pandemic over the economy and consumer sentiment, Swiss brokerage Credit Suisse has lowered its nominal GDP growth forecast by 150-300 bps to 13-14 per cent, but expects a stronger recovery in the second half as it sees the lockdowns having limited impact on tax collections.

England and Ireland pacer Boyd Rankin, the only cricketer to have played for two countries in all three formats, has announced his retirement from international cricket.

 Barbora Strycova, a former top-ranked doubles player and Wimbledon singles semifinalist, has announced her retirement.

IDBI Bank announced the launch of its fully digitised loan processing system, offering over 50 products to MSME and agriculture sector.

The 2022 FIFA under-17 Women’s World Cup will be held in India from October 11 to 30, 2022, football’s global governing body said.

 India and Oman renewed the Memoranda of Understanding, MoUs on military cooperationalong with its annexure as well as on maritime issues.

 An Indian-origin Human Sciences student from Magdalen College at the University of Oxford has been declared the winner at the end of a Student Union (SU) byelection.

India, China and South Africa have performed “relatively better” than other major economies in imports and exports in the first quarter of 2021, according to the the Global Trade Updateby the United Nations Conference on Trade and Development (UNCTAD).

The former speaker of the Tibetan Parliament-in-Exile, Penpa Tsering, has been elected as the President of the Central Tibetan Administration and also declares the 45 elected members of the 17th Tibetan parliament.

China successfully sent a new ocean-monitoring satellite into orbit as part of its effort to build an all-weather and round-the-clock dynamic ocean environment monitoring system which would provide early warning on marine disasters.