Weekly CA Quiz: October 2021 1st week

The government will borrow Rs 5.03 lakh crore in the second half of the current fiscal in line with the estimate presented in the Budget for the fiscal year, a move that experts said move would cool yields.

The Jawaharlal Nehru Manipur Dance Academy, Imphal announced that it is going to organise a ‘three-day Festival of Dance and Music (Nata Sankirtana) from September 28 to 30 at the Academy Mandap.

The Union Cabinet approved the roll-out of the ‘PM POSHAN in Schools’ scheme for the five years, from 2021-22 to 2025-26, with a financial outlay of Rs 54061.73 crores from the central government and Rs 31,733.17 crore from the state governments and union territory administrations.

The Reserve Bank removed Indian Overseas Bank from the Prompt Corrective Action Framework (PCAF), following improvement in various parameters and a written commitment that the state-owned lender will comply with the minimum capital norms.

 Gift city regulator International Financial Services Centres Authority (IFSCA) constituted an Expert Committee to recommend approach towards development of Sustainable Finance Hub and provide road map for the same. expert committee will be chaired by CK Mishra, former Secretary to Government of India, Ministry of Environment, Forest and Climate Change.

IT services major Tata Consultancy Services (TCS) has been selected by NORD/LB, a leading German commercial bank, as its strategic partner for its IT transformation. The financial details of the deal were not disclosed.

The Appointments Committee of the Cabinet extended the additional charge of PK Purwar as chairman and managing director of loss-making telecom firm MTNL for a period of one year.

The government has extended the tenure of Mangu Singh as the managing director of the Delhi Metro Rail Corporation till March 31, 2022, according to an official order issued

North Korea test-fired a newly developed hypersonic missile, state news media KCNA reported, joining a race headed by major military powers to deploy the advanced weapons system.

Maharashtra Deputy Chief Minister Ajit Pawar launched a mobile application designed to provide all citizen-centric facilities at a single click to residents of Baramati town in Pune district.

 The government will make the national capital free of air, water and noise pollution in the next three years, Union minister Nitin Gadkari said.

Prime Minister Narendra Modi chaired the 38th PRAGATI meeting, the ICT (Information and Communication Technology) based multi-modal platform for pro-active governance and timely implementation, involving Centre and State governments.

Indian comic book character Chacha Chaudhary has been declared as the mascot of the government’s Namami Gange Programme with an aim of bringing behavioural change among children towards the Ganga and other rivers.

With decline in COVID-19 cases, the Nagaland government is gearing up to organise the Hornbill festival this year from December one.

India has ranked 59 among 110 countries in the Digital Quality of Life Index, according to a global study by the British Virgin Islands-based cybersecurity company Surfshark.

Public sector Indian Bank said it has become the official partner bank for the collection of offline and online treasury for the Integrated Financial and Human Resources Management System.

commerce major Amazon India announced the launch of Amazon Future Engineer, its global computer science education programme, in India.

Facebook launched its largest creator education and enablement programme in India to provide content creators on its platform and Instagram an opportunity to learn, earn and grow their communities.

 The newly elected Executive Council of the Indian Society of Advertisers (ISA) has elected Sunil Kataria, Chief Executive Officer, India and SAARC, Godrej Consumer Products Limited as the Chairman of the ISA.

 The Automotive Skills Development Council (ASDC) appointed automobile industry veteran Vinod Aggarwal as its president.

The National Securities Depository Limited (NSDL) has appointed Padmaja Chunduru as its new managing director and chief executive officer. She will succeed GV Nageswara Rao.

Air Marshal Sandeep Singh took charge as the new Vice Chief of the Indian Air Force.

Delhi-based environmental organisation Legal Initiative for Forest and Environment (LIFE) has received the 2021 Right Livelihood Award for its “grassroots approach of empowering vulnerable communities to protect their livelihoods and claim their right to a clean environment.” The award is known as Sweden’s alternative Nobel Prize.

The Assam government has set up an eight-member committee to prepare a framework for implementation of all clauses of the 36-year-old Assam Accord, especially the Clause-6 report prepared by a central panel pertaining to protecting the cultural, social and linguistic identity and heritage of the indigenous people.

Atal Community Innovation Center was inaugurated at Vivekananda Global University, Jaipur, Jagatpura. It will be the first centre in the whole of India which will be set up by the Government of India, Atal Innovation Mission. (AIM) and NITI Aayog.

The Ministry of Labour & Employment has reconstituted the expert group responsible for determining the national floor level minimum wages under the Code on WagesLabour expert SP Mukherjee will now head the committee that was set up three months ago instead of Ajit Mishra.

 Stellapps, a dairy-tech start-up, has joined hands with Airtel Payments Bank to enable cashless payment transfers to small dairy farmers.

Nagaland will be hosting the 56th National Cross Country Championship in January next year.

A novel titled “Chronicles from the Land of the Happiest People on Earth” authored by Africa’s first Nobel laureate Wole Soyinka has been released.

Labour and Employment Minister Bhupender Yadav launched DigiSaksham – a digital skills programme to enhance the employability of youth by imparting digital skills.

World’s largest Khadi national flag was installed at Leh in Ladakh on the occasion of Gandhi Jayanti on October 2, 2021. It was inaugurated by Ladakh Lieutenant Governor RK Mathur.

Government has kept interest rates on the popular Public Provident Fund (PPF) and other small saving schemes unchanged for the third quarter of current fiscal.

Air Marshal B.R. Krishna assumed charge of Chief of Integrated Defence Staff to the Chairman of Chiefs of Staff Committee (CISC).

 Amish Mehta will take over as the Managing Director and Chief Executive Officer of CRISIL Ltd, an S&P Global Company, effective October 1, 2021, CRISIL said.

Karnataka Agriculture minister B C Patil has informed that a sum of Rs. 7234 crore is sanctioned by the Government to introduce integrated farming in all the gram panchayats by 2023.

Government has extended the Credit Guarantee Scheme for Subordinate Debt upto 31st of March next year.

 Government said that the cases pertaining to Pandora Papers will be investigated and appropriate action will be taken in such cases as per law.

Union Law Minister Kiren Rijiju inaugurated the country’s first “Sports Arbitration Centre of India” in Gujarat which will serve as an independent body to fast track disputes in the sports sector.

During the first quarter of the current financial year, Bank credit registered 5.8 percent growthcompared to last year. Personal loans accelerated to 14.8 percent on a year-on-year basis while bank credit to the industrial sector declined.

Indel Money has tied up with IndusInd Bank for a gold loan co-lending partnership to offer gold loans at competitive rates.

Acuité Ratings & Research became the first local credit rating company to be associated with the Principles for Responsible Investment (PRI), a United Nations-backed initiative that deals with ESG (Environment Social Governance) credit risk.

 FC Goa claimed their maiden Durand Cup football title after a 1-0 win over Mohammedan Sporting in the final in Kolkata.

BC Patnaik has taken charge as Managing Director of Life Insurance Corporation of India.

Najla Bouden Romdhane has been named Tunisia’s first female prime minister, two months after President Kais Saied assumed executive authority, sacked the prime minister and suspended parliament

 Colonel Mamady Doumbouya was sworn in as Interim President of coastal West African country of Guinea.

Ethiopian Prime Minister Abiy Ahmed sworn in for a second five-year term running a country in the grip of a nearly year-long war.

Scientists who discovered how our bodies feel the warmth of the sun or the hug of a loved one have won the Nobel Prize in Medicine or Physiology .

The book titled “Kathmandu Dilemma: Resetting India-Nepal Ties” book by Former ambassador to Nepal, Ranjit Rae has been released recently.

The Seychelles” Tax Inspectors Without Borders (TIWB) programme was launched in partnership with India, the Income-Tax Department said.

Union Health Minister Mansukh Mandaviya released UNICEF’s global flagship publication – “The State of the World’s Children 2021; On My Mind: promoting, protecting and caring for children’s mental health” in New Delhi.

World Chess Champion Magnus Carlsen has won the inaugural Meltwater Champions Chess Tour, to claim the non-fungible token (NFT) trophy and $1,00,000 in the finals.

Indian Steel Association (ISA) announced that former executive director of state-owned SAIL, Alok Sahay has assumed office as its new Secretary-General and Executive Head from 1st October 2021, taking over from Bhaskar Chatterjee

Indian Council of Medical Research (ICMR) has released the Multilingual Dementia Research and Assessment (MUDRA) Toolbox in five Indian languages – Hindi, Bengali, Telugu, Kannada and Malayalam.

Entrepreneur and writer Jaithirth Rao’s book Economist Gandhi: The Roots and the Relevance of the Political Economy of the Mahatma has been released recently.

The famed white onion of Alibag in Maharashtra’s Raigad district has earned itself a ‘Geographical Indication’, giving the crop a unique identity and wider markets, agriculture department officials said

Two scientists have been awarded the 2021 Nobel Prize in Chemistry for their work on building molecules that are mirror images of one another.

The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has appointed Eric Braganza as its president for a two-year term.

The Reserve Bank of India (RBI) granted license to the National Asset Reconstruction Company Limited (NARCL) under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (Sarfaesi) Act, 2002.