Weekly CA Quiz: September 2020 3rd week

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the establishment of a new All India Institute of Medical Sciences (AIIMS) at Darbhanga, Bihar.

The Delhi Commission for Protection of Child Rights (DCPCR) launched a health and nutrition helpline to ensure children under six years of age get nutritional supplements and regular immunisation doses.
The helpline, ‘Sehat evam Poshan Saathinwas’, will remain operational 24X7 in collaboration with NGO Indus Action.
Once a call is received on the number, 011-41193903, the team at the DCPCR will connect back with the caller within one-two days and register the grievance.

The first all India Happiness Report covering all states and Union Territories measuring happiness across the country, which is based on a nationwide survey covering 16,950 people between March and July 2020 by Professor Rajesh K Pillania.
In the happiness rankings of states and union territories, Mizoram, Punjab, Andaman and Nicobar Islands are the top three. Among the big states, Punjab, Gujarat, and Telangana are among the top three states whereas, among smaller states, Mizoram, Sikkim, and Arunachal Pradesh are the top three states in happiness rankings. Among union territories, Andaman and Nicobar Islands, Puducherry, and Lakshadweep are the top three union territories in happiness rankings

Mexico became the first country in the world to issue a sovereign bond linked to the sustainable development goals set by the United Nations, raising EUR 750 million ($890 million).

The Reserve Bank of India has mandated banks to fully automate NPA classification and provisioning calculation process.
All borrower accounts will be covered under the new regime. Lenders will have time till to complete this process.

The Asian Development Bank has said that India’s economy will contract by 9% in the 2020-’21 financial year.

Yoshihide Suga has been elected as Japan’s new Prime Minister, after Shinzo Abe’s resignation. Suga, the former chief cabinet secretary, will become the country’s first new PM in eight years.

In a first-of-its kind recognition for an Indian corporate leader, Aditya Puri, MD, HDFC Bank was conferred the Lifetime Achievement Award by Euromoney Awards of Excellence 2020.

The International Day of Democracy is celebrated around the world on 15 September each year. The day allows us the opportunity to celebrate and appreciate our democratic society.
The theme for International Day of Democracy 2020 is “COVID-19: A Spotlight on Democracy.”

Every year, September 16 is celebrated as World Ozone Day across the world to aware people about the depletion of the Ozone Layer and its impact on life.
The theme of World Ozone Day 2020 is ‘Ozone for Life: 35 years of ozone layer protection’. This year marks the 35 years of global ozone layer protection.

Madhya Pradesh Chief Minister Shri Shivraj Singh Chouhan launched a ‘Poshan Sarkar’ program to ensure participation and leadership of local bodies-Gram Panchayats and Urban Bodies in the nutrition campaign.

As part of the Indo-US Bilateral Defence Cooperation, the 10th Defence Technology and Trade Initiative, DTTI Group Meeting was held virtually.

Titan Company Ltd, in collaboration with State Bank of India (SBI), introduced ‘Titan Pay’, powered by YONO SBI.
Through this partnership, Titan and SBI are launching a range of stylish new watches with contactless payment functionality for the first time in India.

The Delhi Metro Rail Corporation on Engineers Day took a major step towards the development of an indigenously-built CBTC (Communication Based Train Control) based signalling technology for metro railway with the launch of the i-ATS, which is an important sub-system of the signalling system.

Union Government has allocated more than Rs. 818 crore to promote online learning to mitigate the effect of COVID-19 pandemic.
Education Minister Ramesh Pokhriyal Nishank said that over Rs. 267 crore have been allocated for online teacher training.

State-run banks are poised to get ₹20,000 crore through recapitalization bonds this financial year, at a time the coronavirus crisis threatens to bump up bad loans across the banking system.

Scholar, author and connoisseur of the arts Kapila Vatsyayan passed away.
Vatsyayan, who was awarded the Padma Vibhushan in 2011, was the founding director of the Indira Gandhi National Centre for the Arts. A former nominated member of the Rajya Sabha, she was also chairperson of the Asia Project at the IIC.

Infosys said it has signed a definitive agreement to acquire GuideVision, an enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support on the ServiceNow platform.
The deal size is learnt to be around €30 million.

The Gujarat government approved a letter of intent (LOI) for the world’s first Compressed Natural Gas (CNG) terminal at Bhavnagar port with a proposed investment of Rs 1,900 crore.

Madhya Kshetra Vidyut Vitran Company Bhopal is the first power Distribution Company in India in which e-office system is operated from corporate office to local circle offices level.
It has implemented e-file & e-correspondent system through NIC e-office.

The World Patient Safety Day was celebrated annually on 17 September.
The World Patient Safety Day 2020 theme is “Health Worker Safety: A priority for patient safety” and the slogan is “Safe health workers, safe patients”.

Prime Minister Narendra Modi dedicated the historical Kosi Rail Mega Bridge to the nation and also inaugurated 12 rail projects related to passenger facilities to benefit the people of Bihar in Bihar via video-conferencing.
The bridge has strategic importance along the India-Nepal border, which connects the Mitihila and Kosi region. The historical project to build the bridge, which is 1.9 kilometres long and has been constructed at a cost of Rs 516 crore.

The Pradhan Mantri Garib Kalyan Package Insurance Scheme for Health Workers Fighting COVID-19 has been extended for another six months.
It was announced on 30th March this year for a period of 90 days and it was extended for a further period of 90 days up to 25th September.
The scheme has now been extended for another 180 days.

The Department for Promotion of Industry and Internal Trade issued notification extending the date of implementation of Toys (Quality Control) Order, 2020 as 1st January 2021 in place of 1st September 2020.

Telangana IT and Industries Minister KT Rama Rao (KTR) launched the Primary Agricultural Co-Operative Society (PACS), Pothgal web portal http://www.pacspothgal.com. The website is available in Telugu and English.
PACS Pothgal is the first PACS in India to come up with a web portal that has all the details of loans, loan processes, and services offered by the society.

The fourth edition of the Global Ayurveda Summit, organized by the Confederation of Indian Industry (CII) held virtually with the theme ‘Ayurveda For Immunity’. The summit was inaugurated by the Vice President M Venkaiah Naidu.

Four Indian cities – New Delhi(86), Mumbai(93), Hyderabad(85), and Bengaluru(95) – witnessed a significant drop in their rankings in the global listing of smart cities.
The 2020 Smart City Index (SCI) was topped by Singapore, followed by Helsinki and Zurich in the second and the third place respectively. Others in the top 10 list include Auckland (4th), Oslo (5th), Copenhagen (6th), Geneva (7th), Taipei City (8th), Amsterdam (9th) and New York at the 10th place.

State Bank of India(SBI) has decided to extend OTP-based cash withdrawal of ₹10,000 and above throughout the day across all its ATMs.

The Administrative Council which met under the chairmanship of Lieutenant Governor Manoj Sinha gave its nod to implementation of the World Bank-assisted project for strengthening of health care institutions.
World Bank agreed to finance 50 Million US$ for the project.

Asian Development Bank (ADB) agreed to invest $500 million to Bengaluru Metro Rail Corporation’s (BMRCL) line linking Central Silk Board Junction to Kempegowda International Airport – ORR-Airport Metro – Phase-2A and 2B.

In the latest ranking of the World Bank’s annual Human Capital Index, India has been ranked 116 in the list of 174 countries. Last year, India was ranked 115 in the list of 157 countries.
The index was topped by Singapore followed by Hong Kong and Japan.

Swiss brokerage UBS Securities, sees India’s real GDP contracting 8.6 per cent this fiscal, down from the previously estimated contraction level of 5.8 per cent, citing factors including the “modest” government response to the crisis for its estimate.

Michelin-star chef Vikas Khanna will be honoured with the prestigious 2020 Asia Game Changer Award for feeding millions across India amid the COVID-19 pandemic through a massive food distribution drive that he coordinated, thousands of miles away from his Manhattan home.

The ministry of corporate affairs has extended the tenure of the Company Law Committee by one year to September 2021.
The committee, constituted in September 2019, is now chaired by corporate affairs secretary Rajesh Verma.

The International Coastal Cleanup Day is being celebrated on 3rd Saturday of September of every Year. This year September 19 was celebrated as the International Coastal Cleanup Day to encourages people to clean beaches, remove the garbage plaguing it
The theme of this year is “Achieving a trash free Coastline”.

Udit Singhal, an 18-year-old boy from India has been named by the United Nations to the 2020 cohort of young leaders for the Sustainable Development Goals, the highest profile recognition opportunity at the world body for youngsters who are leading efforts to combat the world’s most pressing issues.
Singhal has been named to the 2020 Class of 17 Young Leaders for the Sustainable Development Goals (SDGs). He is the founder of Glass2Sand, a zero-waste ecosystem that addresses the growing menace of glass waste in Delhi.

The Organisation for Economic Co-operation and Development (OECD) forecast a deeper contraction of 10.2% for India in the current fiscal, surpassing its June estimate of -7.3% in the event of a second wave of infections, in its Interim Economic Outlook report released recently.

World Bamboo Day is observed on September 18 every year to increase the awareness of bamboo globally to protect natural resources and the environment.
The theme for 11th edition of World Bamboo Day 2020 is ‘BAMBOO NOW.’

Gujarat Chief Minister Vijay Rupani has announced an assistance scheme to encourage use of battery-operated two-wheelers and three-wheelers in the state.
Gujarat Government will provide subsidy of 12,000 rupees to school students studying in Standard-9th to colleges for battery-operated two-wheelers.

The government has formed the panel to study reports of surveillance of Indians by Chinese firm Zhenhua Data. The committee was headed by the National Cyber Security coordinator Lt Gen Rajesh Pant.

The Centre has set up a high-level committee to prepare a roadmap for regularisation of land leasing in the agriculture sector, eager to push through a reform that would lay down the rights of landless farm workers who miss out on welfare benefits.
The committee will be headed by Shri Ajay Tirke.

The Central Government extended the tenure of Deputy National Security Adviser Pankaj Saran for one year.

To provide its services to customers irrespective of where they reside, public sector lender Canara Bank has launched lead management system (LMS) – i-Lead 2.0 (Inspiring Leads System version 2.0).

The International Finance Corporation has said that two trillion dollars will be provided to India to develop green buildings, improve public transport and to expand renewable sources of energy.

International Equal Pay Day, every year on 18th September under an initiative by the UN, aims at highlighting the importance of achieving equal pay for work of equal value.
Theme of International Equal Pay Day 2020 is ‘Building back a better future of work by ensuring pay equity’.

World Water Monitoring Day was originally celebrated annually on September 18 to build public awareness and involvement in protecting water resources around the world.
This year’s theme for World Water Monitoring Day 2020 is ‘Solve Water.’

Ministry of Social Justice and Empowerment has formulated and is implementing a National Action Plan for Drug Demand Reduction (NAPDDR) for 2018-2025.
Govt launched Nasha Mukt Bharat Abhiyaan in 272 most affected districts

Aimed at enhancing the immunity levels of people, the Department of Post-Harvest Technology, Kerala Agricultural University has introduced Jeevani, a health drink in the market.

The Fed Cup is all set to change its name to Billie Jean King Cup, announced The International Tennis Federation.

Central government has appointed former Research and Analysis Wing (RAW) chief Anil Dhasmana as the head of the country’s technical intelligence agency, National Technical Research Organisation (NTRO) for two years.

Michelin Star chef Vikas Khanna announced his next book titled “Kitchens of Gratitude”.
The book, “Kitchens of Gratitude”, will be released in 2021 under the ‘Ebury Press’ imprint.

Each year the International Day of Peace is observed around the world on 21 September to educate and create public awareness among its people in matters and issues related to peace. This year, the day is extra special as it marks 75 years of the International Day of Peace.
The theme of the International Day of Peace 2020 is “Shaping Peace Together.”

In tennis, world number one Novak Djokovic won a record 36th Masters title by beating Diego Schwartzman in the Italian Open Men’s Singles event at Rome.

In Women’s Single title, top seed Simona Halep claimed the Italian Open in Rome after second seed Karolina Pliskova retired from the final with injury when she was down 6-0, 2-1.

The Central Government has sanctioned Rs. 108 crore under UDAN scheme for upgradation of three Chhattisgarh Airports.
Out of the total amount, Rs. 48 crore have been sanctioned for Jagdalpur, Rs. 27 crore for Ambikapur and Rs. 33 crore for Bilaspur under UDAN scheme for up-gradation and development of these Airports.

Noted Marathi actress and Bollywood’s veteran character artist Ashalata Wabgaonkar passed away due to Covid 19 infection at a hospital in Satara in Maharashtra. She was 79.

To accelerate SHG finance in the Bank in a mission mode, State Bank of India (SBI) started a programme by the name “Mahila Atmanirbharshil Aachani” (Women Self-Reliance programme).
SBI branches of Assam sanctioned 856 numbers of SHGs sponsored by NRLM with financial outlay of Rs. 38 crore.

The first ever Cargo Ferry Service between India and the Maldives was jointly launched opening a new chapter in connectivity initiatives in the Indian Ocean Region.
The Cargo Ferry Vessel MCP Linz operated by the Shipping Corporation of India (SCI) will connect Tuticorin and Cochin ports in India with Kulhudhuhfushi and Male ports in the Maldives.

Every year, the month of September is observed as World Alzheimer’s Month and 21 September as World Alzheimer’s Day. The main aim of World Alzheimer’s Day to raise awareness and challenge the stigma that surrounds the disease.
In 2020, the theme for World Alzheimer’s day is “Let’s talk about dementia”.

Finance ministry has estimated that India’s nominal GDP will grow by 19 per cent in nominal terms in financial year 2021-22.
In the first quarter of this financial year, the nominal GDP contracted by 22.6 per cent to Rs 38.08 lakh crore, compared to Rs 49.18 lakh crore in the same period last year.