Weekly CA Quiz: September 2021 2nd week

President Ram Nath Kovind awarded the President’s Colour to Indian Naval Aviation at INS Hansa in Goa.

Prolific writer and Festival Director, Namita Gokhale will be awarded the Seventh Yamin Hazarika Woman of Substance Award 2021. The annual award honours Yamin Hazarika, the first woman from Northeast India to be selected for DANIPS, a federal police service that administered Delhi and the Union Territories in 1977.

Satish Parekh has taken over as president of India Chapter of International Road Federation, the Geneva based global road safety body working for better and safer roads world wide. He takes over from Dr Subhmay Gangopadhyay, former director, CRRI.

The government has appointed Harsha Bhupendra Bangari as the managing director (MD) of Export-Import Bank of India (EXIM Bank).

The central government said S.L.Tripathy has been selected as the Chairman-cum-Managing Director of the city-based United India Insurance Company Limited.

Public Sector lender UCO Bank has partnered with Finwizard Technology, which runs Fisdom, to offer wealth management products and services via its mBanking Plus App.

The Central banks of Australia, Singapore, Malaysia and Republic of South Africa to begin the trial of using Central Bank Digital Currencies (CBDC) in cross-border payments. The trial is being led by the Bank for International Settlements (BIS) Innovation Hub, to determine whether this can ease and make the transactions cheaper.

Iqbal Singh Chahal, Commissioner of the Brihanmumbai Municipal Corporation (BMC) said that Mumbai is the first city in South Asia to launch the Mumbai Climate Action Plan, which is rolling in now. He also launched the Mumbai Climate Action Plan (MCAP) website to seek suggestions and inputs from experts and citizens from the megacity.

The Ministry of Coal has constituted a Task Force and Expert Committee to Prepare Road Map for Coal based Hydrogen Production. The Task Force will be headed by Additional Secretary in the Ministry.
On the other hand, the Expert Committee will be headed by Director General of the Federation of Indian Petroleum Industry, R.K. Malhotra.

Union Cabinet approved the Production Linked Incentive Scheme for Textiles. Under it, the incentives worth 10,683 crore rupees will be provided over five years.

Union Cabinet has approved the signing of Memorandum of Understanding between the Institute of Chartered Accountants of India and the Chamber of Auditors of the Republic of Azerbaijan.

Culture Minister G Kishan Reddy launched a programme Bujurgon ki Baat-Desh Ke Saath in New Delhi. The programme aims at enhancing the interaction between the youth and the elder people who are 95 years and above and have spent around 18 years in India before independence. The video of the interaction should preferably be kept below 60 seconds and can be uploaded at http://www.rashtragaan.in.

The Karnataka government has decided to establish a Spices Park at Ambale in Chikkamagaluru district, and with this, a long-pending demand of Malnad region is set to be fulfilled.

The Union Cabinet approved the production-linked incentive (PLI) scheme for textiles for a budgetary outlay of Rs 10,683 crore to boost domestic manufacturing of man-made fibres (MMF), garments, and technical textiles.

State-owned Bank of India (BOI) said it has entered into a co-lending arrangement with MAS Financial Services for MSME loans.The tie-up comes on the occasion of the bank’s 116th Foundation Day.

China launched the 24th Gaofen-series Earth-observation satellite in a bid to monitor environmental protection efforts and boost its natural resources surveillance. The satellite was launched from the Taiyuan Satellite Launch Center in Shanxi province on a Long March 4C carrier rocket.

GMR led Delhi International Airport Limited (DIAL) has won the prestigious awards of CII ‘National Energy Leader’ and ‘Excellent Energy Efficient Unit’ at the 22nd National Award ceremony for ‘Excellence in Energy Management’ organised by the Confederation of Indian Industry (CII) – Green Business Centre (GBC) during the 22nd edition of ‘Energy Efficiency Summit’, Virtual Conference & Exposition on Energy Efficiency held from 24 – 27 August 2021.

Uttarakhand Governor Baby Rani Maurya has resigned from the Post.

Commerce and Industry Minister Piyush Goyal has been appointed as India’s Sherpa for the G20 which is an influential grouping that brings together the world’s major economies. The next G20 Summit is scheduled to take place from 30th to 31st of next month under Italian Presidency. India will be holding the G20 Presidency from 1st December 2022 and will convene the G20 Leaders’ Summit in 2023 for the first time.

Shooter Avani Lekhara was the flag bearer of Indian contingent at the closing ceremony. while Tek Chand was the flag bearer at the opening ceremony.
Avani Lakhera, Shooting (Gold and Bronze)……………..Sumit Antil, Javelin Thrower, Gold…………………..Manish Narwal, Shooting, Gold………………Pramod Bhagat, Badminton, Gold…………………..Krishna Nagar, Badminton, Gold………………Bhavinaben Patel, Table Tennis, Silver………..Nishad Kumar, High Jump, Silver………….Yogesh Kathuniya, Discus Thrower, Silver………………Devendra Jhajharia, Javelin Thrower, Silver…………………..Mariyappan Thangavelu, Long Jump, Silver………….Singhraj Adhana, Shooter, Silver and Bronze…………..Praveen Kumar, High Jump, Silver…………Suhas Yathiraj, Badminton, Silver………..Sunder Singh Gurjar, Javelin Throw, Bronze…………Sharad Kumar, High jump, Bronze…………Harvinder Singh, Archery, Bronze……………Manoj Sarkar, Badminton, Bronze

India-based First Policy Insurance Brokers has completed the acquisition of Amicus Insurance Brokers in a bid to augment its market position.

The Ministry of Coal has constituted a Task Force and Expert Committee to Prepare Road Map for Coal based Hydrogen Production. On the other hand, the Expert Committee will be headed by Director General of the Federation of Indian Petroleum Industry, R.K. Malhotra.

Deputy Chief Minister Manish Sisodia launched the Delhi government’s ‘Business Blasters’ programme which aims at developing young entrepreneurs at the school-level by providing students seed money to start a business.

El Salvador has become the first country in the world to accept Bitcoin as legal tender. Announcing the decision, the government of El Salvador claimed that the move will give many citizens of the country access to bank services for the first time.

Karnataka government has roped in Jana Small Finance Bank (Jana SFB) to build digital payment infrastructure to support its Namma Shaale Nanna Koduge (Our school, my contribution) initiative.The Namma Shaale Nanna Koduge software was launched to provide accessibility to donors who wish to donate money to government schools in Karnataka.

1. Bank of Baroda launched its one-stop digital banking platform ‘bob World’. The application will provide “seamless, contactless and effortless” banking services under a single roof.

Tata AIA Life Insurance announced the signing of a multi-year brand partnership with Indian athlete and Olympic gold medallist Neeraj Chopra, as its brand ambassador.

The Reserve Bank of India (RBI) has granted its approval for the re-appointment of V. Vaidyanathan as the Managing Director & Chief Executive Officer of IDFC FIRST Bank.

The Centre’s interlocutor and retired IPS officer RN Ravi has been shifted from Nagaland to Tamil Nadu as its new governor.

Lieutenant General Gurmit Singh, who retired as the deputy chief of Army, was appointed the governor of Uttarakhand, a post which fell vacant after Baby Rani Maurya tendered her resignation.
President Ram Nath Kovind also ordered shuffling of governors of some states which includes shifting Banwarilal Purohit from Tamil Nadu to Punjab. He was earlier holding additional charge of Punjab.

The Golden Rock Railway Workshop (GOC) has bagged the 22nd National Award for Excellence in Energy Management from the Confederation of Indian Industry (CII) for having adopted and implemented various energy conservation measures.

PRANA- Portal for Registration of Air-Pollution in Non-Attainment cities.
Union Minister of Environment, Forest, and Climate Change, Bhupender Yadav launched PRANA. PRANA meaning ‘Life’ in Sanskrit, is a portal for regulation of air pollution in 132 cities across the country.

To commemorate 75 years of India’s independence, the Government of India is celebrating the ‘Azadi Ka Amrit Mahotsav.’ As a part of the celebration, the Ministry of Food Processing Industries is observing ‘Food Processing Week’ from 6th to 12th September 2021, under which, the Ministry is organizing various programs.

President Ram Nath Kovind also ordered shuffling of governors of some states which includes shifting Banwarilal Purohit from Tamil Nadu to Punjab. He was earlier holding additional charge of Punjab.

The National Payments Corporation of India (NPCI) and Fiserv Inc, a leading global provider of payments and financial services technology, have entered into an agreement to launch the plug-and-play RuPay credit card stack, nFiNi.

Shri Rajeev Chandrasekhar, Ministry of Electronics, Minister of State for Electronics & IT, graced the ‘Launch Program of PMGDISHA Drive & Announcement of 100% Digital Literacy of all digital villages’ under Azadi Ka Amrit Mahotsav.

India to host G-20 summit in 2023 for the first time. The next G20 Summit is scheduled for October 30-31, 2021 under Italian Presidency.

Prime Minister Shri Narendra Modi chaired the 13th BRICS Summit virtually. The theme of the Summit, chosen by India, was, BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus. At the conclusion of the Summit, the leaders adopted the ‘New Delhi Declaration’.

HDFC said it has signed a pact with the National Small Industries Corporation (NSIC) for providing credit support to the micro, small and medium enterprise (MSME) sector.

The Comptroller and Auditor General of India (CAG) G.C. Murmu has been elected as chairman of the Assembly of the Asian Organisation of Supreme Audit Institutions (ASOSAI) for the period 2024-27.

The Central Government has appointed G.S. Pannu as President of the Income Tax Appellate Tribunal.

1. The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has been awarded the 2021 Africa Food Prize for work that has improved food security across 13 countries in sub-Saharan Africa.

The Assam Government in exercise of powers conferred by Section 3 of the Armed Forces (Special Powers) Act, 1958 has declared the entire State of Assam as Disturbed Area upto six months with effect from 28th of August this year unless withdrawn earlier.

In Odisha, Nuakhai, an important agrarian festival in the State is being celebrated on September 11,2021. As per the customary practice, people offer the new grains of crops to the deities before their own consumption.

Government has said that it will release 56 thousand 27 crore rupees in the current Financial Year itself in order to disburse all pending export incentives due to exporters.

India, Denmark jointly launch ‘Centre of Excellence on Offshore Wind’ as part of Green Strategic Partnership

The International Olympic Committee (IOC) has suspended North Korea until the end of 2022 after it failed to send a team to the Tokyo Games. The suspension means the country will miss out on the Beijing Winter Games.

Sardar Iqbal Singh Lalpura took charge as the Chairman, National Commission for Minorities in the presence of Minority Affairs Minister Mukhtar Abbas Naqvi in New Delhi. Lalpura replaced the outgoing chairperson of the Commission Ghayorul Hasan.

Najib Mikati – Lebanon’s richest man – becomes Prime Minister

Union minister for Jal Shakti Gajendra Singh Shekhawat said under the Jal Jeevan Mission, the Prime Minister Narendra Modi-led government is working to ensure that every household in the country has a piped water connection by 2024.

The Centre has decided to set up 7 new Ekalavya Vidyalayas in Assam. Assam Chief Minister Himanta Biswa Sarma said this after a meeting with Union Tribal Affairs minister Arjun Munda in Guwahati. Mr. Munda also presented the Van Dhan Award 2020-2021 to Chief Minister Himanta Biswa Sarma.

President Ram Nath Kovind laid the foundation stones for Uttar Pradesh National Law University and new building complex of Allahabad High Court in Prayagraj.

Walmart-owned Flipkart launched ‘Flipkart Boost’, a new programme aimed at helping digital-first consumer brands to grow their business.

Bharat Heavy Electricals Limited’s (BHEL) research and development centre at Hyderabad successfully demonstrated India’s first indigenously designed high ash coal gasification-based Methanol production plant.

A 12-year-old environmental activist from Mumbai has been named as a 2021 International Young Eco-Hero in recognition of his efforts to solve tough environmental problems. Ayaan Shankta won the third place in the 8-14 age category for his project Conservation and Rehabilitation of Powai Lake.

First-time legislator Bhupendra Patel took oath as the 17th chief minister of Gujarat a day after his name was announced for the top job by the BJP leadership.

Every year, World First Aid Day is observed on the second Saturday of September to spread awareness on first aid and how it can prevent injuries and save lives in a critical situation. This year, World First Aid Day will be celebrated on September 11, 2021 across the globe. The theme for World First Aid Day 2021 is ‘First aid and road safety’.

The book titled ‘Human Rights and Terrorism in India’ authored by BJP MP Subramanian Swamy has been released recently.

A Hyderabad-based Space technology startup, Skyroot Aerospace has become the first private company to formally enter into an agreement with the Indian Space Research Organisation (ISRO). The Framework MoU will allow the company to undertake multiple tests and access facilities at various ISRO centres.

Star Indian golfer Jeev Milkha Singh has become the first professional golfer in the world to receive the prestigious 10-year Dubai Golden Visa in recognition of his outstanding achievements in the sport.

Yahoo has announced the appointment of Tinder Chief Executive Officer Jim Lanzone as its new Chief Executive Officer, effective September 27, 2021.

Justice M Venugopal has been appointed as the acting Chairperson of the National Company Law Appellate Tribunal (NCLAT).

Senior BJP leader and former Union minister Vijay Goel has been appointed the vice-chairman of the Gandhi Smriti and Darshan Samiti by Prime Minister Narendra Modi, who chairs the society.

Former managing director of Mahindra & Mahindra Pawan Kumar Goenka has been designated as the chairperson of Indian National Space Promotion Authorization Centre (In-Space), the sectoral regulator for private players.

Senior BJP leader and former Union minister Vijay Goel has been appointed the vice-chairman of the Gandhi Smriti and Darshan Samiti by Prime Minister Narendra Modi, who chairs the society.

US tech giant Adobe has announced the appointment of Prativa Mohapatra as vice president and managing director for Adobe India.

The Real estate company Piramal Realty, arm of the Piramal Group, mentioned former captain of the Indian cricket team Rahul Dravid will be the brand ambassador for its portfolio of 4 residential and 1 commercial projects.

Daniel Ricciardo has won the Formula One Italian Grand Prix 2021 title held at Autodromo Nazionale Monza track, Italy. This is the first victory for McLaren in 9 years.

Mathematician Anand Kumar was conferred with the Swami Brahmanand Award 2021 for his contribution in the field of education through his ‘Super 30’ initiative, which prepares underprivileged students for the IIT entrance exam.

The RBI and the Monetary Authority of Singapore have announced a project to link their respective fast payment systems, Unified Payments Interface (UPI) and PayNow. The linkage is targeted for operationalisation by July 2022.

In order to promote door to door digital banking and financial services in remote areas of Jammu and Kashmir, Lieutenant Governor Manoj Sinha launched Mission ‘One Gram Panchayat-One DIGI-Pay Sakhi’, at Jammu & Kashmir Entrepreneurship Development Institute (JKEDI) in Pampore.

Rural Development Ministry has provided Community Enterprise Fund loan worth Rs. 8.60 crore to over 2,600 Self Help Group entrepreneurs in a week, as part of the Azadi Ka Amrit Mahotsav.

The Union Cabinet approved the Production-linked Incentive (PLI) Scheme for Automobile and Drone Industries with a budgetary outlay of 26 thousand 58 crore rupees. Information and Broadcasting Minister Anurag Thakur said, a sum of 25 thousand 938 crore rupees for the auto sector and 120 crore rupees have been allocated for Drone Industry.