Weekly CA Quiz: October 2021 3rd week

The Uttar Pradesh government said that it has financed the highest number of units in the country under the Prime Minister Employment Generation Programme (PMEGP).

India has slipped to 101st position in the Global Hunger Index (GHI) 2021 of 116 countries, from its 2020 position of 94th and is behind its neighbours Pakistan, Bangladesh and Nepal.

Indian Bank said it has added a host of new digital wealth management products on its mobile banking app in partnership with Fisdom, a fintech company that offers financial products, such as mutual funds, insurance and National Pension Scheme (NPS) on its platform.

The Asian Football Confederation (AFC) and the Local Organising Committee (LOC) unveiled ‘Our Goal for All’ as the official tagline of the 2022 Women’s Asian Cup to be held in India from January 20 to February 6.

 Child prodigy Divya Deshmukh has become India’s latest Woman Grand Master (WGM) at the First Saturday Grandmaster chess tournament in Budapest, Hungary.

The Reserve Bank approved re-appointment of Amitabh Chaudhry as managing director of private sector Axis Bank for a period of three years.

The Indian Banks’ Association (IBA) elected UCO Bank Managing Director A K Goel as its chairman.

PETA India has decided to confer on Meghalaya Environment Minister James P K Sangma the Progressive Business Concept Award for his plans to produce ‘vegan leather’ in the northeastern state.

 India and Sweden are set to celebrate the 8th Innovation Day on October 26 during which they will discuss various aspects of climate change and the possible solutions to bring green transition.

 India should increase its solar power capacity to 5630 gigawatt in order to become a net-zero emissions nation by 2070, according to a study. At present, India has 100 GW of installed renewable energy capacity, of which solar comprises 40 GW, the study released by the Council on Energy, Environment and Water (CEEW) said.

The Delhi government launched its ‘Anganwadi on Wheels’ initiative aimed at fulfilling the nutritional and health needs of children.

Prime Minister Narendra Modi dedicated to the nation seven new defence public sector undertakings (DPSUs), created by incorporating the dissolved erstwhile Ordnance Factory Board (OFB).

The 17th edition of the Indo-US joint training exercise “Ex Yudh Abhyas 21” commenced at Joint Base Elmendorf Richardson in Alaska.

Reliance Industries Limited (RIL) is among the top four Indian companies to work for, according to World’s Best Employers rankings 2021 published by Forbes. Mukesh Ambani-owned RIL was placed at the 52nd position in the overall ranking of 750 global corporates.

India clinched the South Asian Football Federation (SAFF) Championship for eighth time defeating Nepal 3-0 in Male.

The ICC has partnered with UNICEF to amplify awareness around mental health and well-being of children and adolescents throughout the men’s T20 World Cup.

To stablise prices of Di-ammonium Phosphate (DAP) fertiliser and reduce dependency on the countries like Jordan, Morroco, China, etc, India signed a long-term Memorandum of Understanding (MoU) with Russia on DAP fertiliser supply.

 Vested Finance, a platform for investing in foreign stocks for Indians has tied up with SBM Bank, the Indian subsidiary of State Bank of Mauritius for facilitating forex transfers.

Navrang Saini has been given the additional charge as the Chairperson of the Insolvency and Bankruptcy Board of India (IBBI).

Nasa launched Lucy spacecraft, the first space mission to study the Trojans Asteroids. Lucy will journey for 12 years, observing one main belt asteroid and seven Trojan asteroids.

India has opened up yet another door in cooperation with its strategic energy partner Russia. Union Minister of Steel, Ram Chandra Prasad Singh, signed a memorandum of understanding (MoU) with Russia’s minister of energy Nikolay Shulginov, for collaboration in the mining and steel sectors, with a special focus on coking coal.

Capital markets regulator Sebi has constituted a four-member high powered advisory committee on settlement orders and compounding of offences.

BSE, India’s premier exchange and the world’s fastest Stock Exchange with a speed of 6 microseconds, has signed a memorandum of understanding (MoU) with Electronics and Computer Software Export Promotion Council (ESC) to create awareness about benefits of listing among ICT SMEs and Startups of the country.

Jonas Gahr Store, the leader of Norway’s Labor Party, which won the elections in September, became the country’s new prime minister.

Karnataka Bank Ltd has received approval from the Reserve Bank of India to appoint Pradeep Kumar Panja, an Independent Director of the bank, as part-time non-executive Chairman with effect from November 14, for a period of three years.

As a tribute to the freedom fighters of Manipur, the Union government has decided to rename Mount Harriet, an island peak in Andaman and Nicobar islands. It will now be known as Mount Manipur. It was announced by Union home minister Amit Shah.

The China and Russia joint naval exercises “Joint Sea 2021” kicked off at Russia’s Peter the Great Gulf, in the Sea of Japan.

The Reserve Bank of India(RBI) has authorised Karur Vysya Bank to collect direct taxes on behalf of Central Board of Direct Taxes (CBDT).

 Nagaland will host the South Asian Athletics Federation (SAAF) Cross Country Championshipin the state capital Kohima on January 15 next year.

Sahdev Yadav was elected the president of the Indian Weightlifting Federation (IWLF). Yadav, who held the post of secretary general, was elected unanimously.

A Delhi-based entrepreneur’s agricultural waste recycling project was named among the winners of Prince William’s inaugural Earthshot Prize, dubbed the “Eco Oscars”, at a gala ceremony in London.

China has successfully launched its 1st solar exploration satellite into space from the Taiyuan Satellite Launch Center in northern Shanxi Province aboard a Long March-2D rocket.

Prime Minister Narendra Modi inaugurated the Kushinagar International Airport in Uttar Pradesh, which will help connect key Buddhist pilgrimage sites.

The 52nd edition of the IFFI will be held in Goa from November 20 – 28. Considering the present COVID-19 situation, the 52nd IFFI will be held in a hybrid format.

India has ranked 40th out of 43 pension systems across the world in the 2021 Mercer CFS Global Pension Index survey.

Tata AIG General Insurance Co. Ltd announced the launch of Remotely Piloted Aircraft System (RPAS) insurance, and distribution tie-up with TropoGo, a deep-tech startup.

Retired commodore Amit Rastogi, after spending 34 years in Indian Navy, took over as the chairman and managing director of the National Research Development Corporation.

Cabinet has approved release of an additional installment of Dearness Allowance, DA to Central Government employees and Dearness Relief to Pensioners.

The Global Food Security Index (GFSI) 2021 ranked India at 71st position out of 113 countries with a score of 57.2 points.

India, Israel, United Arab Emirates and the United States have decided to launch a new quadrilateral economic forum.

The National Bank for Agriculture and Rural Development (Nabard) said a ₹ 1,000-crore dedicated fund for providing credit guarantees to 10,000 farmer produce organisations (FPOs)will be housed in “Credit Guarantee Fund Trust for FPOs” (CGFTFPO) under the trusteeship of NABSanrakshan Trustee Private Limited (NTPL).

Reliance Industries Ltd, the country’s largest company by revenues, profits and market value, has topped Indian corporates in the World’s Best Employers rankings 2021 published by Forbes.

The International Monetary Fund (IMF) said it has pared down India’s potential growth forecast by 25 basis points to 6% due to the impact of the pandemic which hit investments and labour market badly.

Sixteen-year-old Indian Grandmaster Rameshbabu Praggnanandhaa has won the Julius Baer Challengers Chess Tour finals after defeating Christopher Yoo of the USA.

 Australia fast bowler James Pattinson has announced his retirement from international cricket ahead of the upcoming Ashes series against England, Cricket Australia said.

Aditya Birla Sun Life AMC’s managing director and chief executive- A Balasubramanian has been appointed as chairman of mutual fund industry body Amfi, industry insiders said .

The world-renowned Kung Fu Nuns of the Drukpa order of Buddhism have won the prestigious Martial Arts Education Prize 2021 from the UNESCO International Centre for Martial Arts for their brave acts of service.

 South Korea has launched its first homegrown rocket, stepping up the country’s ambitions in space. The Korean Satellite Launch Vehicle II, known as Nuri, took off from Goheung, about 500km south of Seoul.

National Award-winning actress Divya Dutta will soon be releasing her second book “The Stars in My Sky: Those Who Brightened My Film Journey”, on October 25. The book, will be published by Penguin Random House India (PRHI).

Chhattisgarh Chief Minister Bhupesh Baghel launched Shree Dhanwantri Generic Medical Store Yojna through video conference. Under this scheme, he launched 84 shops in the state.

The government has set up an expert group led by a senior official in the health ministry to prepare a comprehensive tax policy proposal covering all tobacco products from a public health perspective.

India has been ranked at 79th spot among 139 countries in the World Justice Project (WJP) Rule of Law Index 2021, the world’s leading source for original and independent data on the rule of law.

India is ranked at the top in emissions related to crop burning, accounting for 13 per cent of total global emissions for the 2015-2020 period, according to a new report released by climate tech startup Blue Sky Analytics, which is also part of global coalition “Climate TRACE”. Blue Sky Analytics, the Indian climate tech startup founded by an IIT alumnus, also pointed towards a 12.2-per cent contribution by India to cropland fire emissions in 2020.

HDFC Bank, Mastercard, US International Development Finance Corporation (DFC), and US Agency for International Development (USAID) launched a $100 million credit facility.

Bharti AXA Life Insurance announced its bancassurance partnership with Utkarsh Small Finance Bank Limited (USFBL) for the distribution of life insurance products through the bank’s network of branches across the country.

The Appointments Committee of the Cabinet(ACC) has appointed Captain Alok Mishra as theManaging Director of India Ports Global Limited (IPGL).

Parambikulam Tiger Conservation Foundation has won the Earth Guardian Award for its efforts in supporting the conservation of tigers and biodiversity.

 Imprisoned Russian Opposition leader Alexei Navalny was awarded the European Union’s top human rights prize in a clear slap to President Vladimir Putin.

Secretary DDR&D and Chairman DRDO Dr G Satheesh Reddy has been conferred the prestigious Aryabhata Award by the Astronautical Society of India (ASI) for his outstanding lifetime contribution to the promotion of astronautics in India.

National Mineral Development Corporation Ltd.(NMDC),Country’s largest iron ore producer, a CPSE under Ministry of Steel has bagged Gold Award in Environmental Sustainability category and Kumaraswamy Iron Ore Mine bagged Platinum Award in Environment Management category.

 India rise one spot to 106th, Belgium hold onto top position. India has also moved one spot ahead to the 106th position after the Sunil Chhetri-led side won the SAFF Championship. The Blue Tigers had defeated Nepal in the summit clash.

Adidas said it has roped in Bollywood actress Deepika Padukone to endorse the German sportswear brand globally for women sports.

Indian cricketer K L Rahul has been appointed as the brand ambassador by the Chinese smartphone manufacturer, Realme. He will endorse its smartphone category.

The Sports Authority of India (SAI) appointed Commodore PK Garg as the Chief Executive Officer (CEO) of Target Olympic Podium Scheme (TOPS) at the Mission Olympic Cell meeting

International Monetary Fund (IMF) managing director Kristalina Georgieva has announced that Gita Gopinath, the Fund’s first female chief economist and director of the research department, intends to leave in January 2022 and return to Harvard University’s economics department as planned when her public service leave ends.

The Satyajit Ray Lifetime Achievement Award will be conferred on filmmakers Martin Scorsese and István Szabó at the 52nd edition of the International Film Festival of India (IFFI)being held in Goa from November 20 to 28 in a hybrid format, officials familiar with the matter said.

Former US President Donald Trump has announced plans to launch a new social media network, called TRUTH Social.

ABHYAS – the High-speed Expendable Aerial Target (HEAT) was successfully flight-tested by Defence Research and Development Organisation (DRDO) from the Integrated Test Range (ITR), Chandipur .