Weekly CA Quiz: July 3rd week (16 July – 23 July)

Matunga suburban railway station in Mumbai has become the first station in India to be run by an all-women staff. A total of 30 women staffers, including eleven booking clerks, five Railway Protection Force (RPF) personnel and seven ticket checkers are working under station manager Mamta Kulkarni, who was the first female station master in Central Railway’s Mumbai division.

The government has launched a GST training programme to skill around two lakh youths in six months to handle tax compliance issues like invoice making.
The people would be trained under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).

President Pranab Mukherjee presented the 2.5 croreth Pradhan Mantri Ujjwala Yojana (PMUY) connection at Raghunathgunj, Murshidabad in West Bengal. This marked the completion of release of 2.5 crore LPG connections to women beneficiaries from below poverty line (BPL) households across the country under the PMUY.

The latest edition of the OECD’s Government at a Glance report states that 73 per cent Indians have faith in the Narendra Modi led NDA coalition, the highest in the world.
India is followed by the Canadian government headed by Prime Minister Justin Trudeau, which has the confidence of 62 per cent citizens.

Roger Federer won a record eighth Wimbledon title and became the tournament’s oldest champion with a straight-sets victory over Marin Cilic.

India’s Harinder Pal Sandhu has beaten top-seed Rex Hedrick of Australia in the final of Victorian Open squash, in Melbourne.

The former Chief Minister of Sikkim, Nar Bahadur Bhandari, 76 has passed away in New Delhi. He has been the Chief Ministers of state three times.

Maryam Mirzakhani, an Iranian- born mathematician who was the first woman to win the coveted Fields Medal, has died of cancer. She was 40.

The absence of a world-class convention centre and the 2019 general elections have prompted the government to give a go-by to hosting the G20 meeting.
Now, Japan will be the host country in 2019.

No flower bouquets should be presented to Prime Minister Narendra Modi during his tours within India, according to new guidelines issued by the Ministry of Home Affairs. Earlier, PM Modi had asked people to gift him useful things like books and khadi handkerchiefs rather than flower bouquets which are put in the dustbin after few days.

The absence of a world-class convention centre and the 2019 general elections have prompted the government to give a go-by to hosting the G20 meeting.
Now, Japan will be the host country in 2019.

Auto major Tata Motors has rolled out the country’s first bio-CNG (bio-methane) bus. The company said the bio-methane engines (5.7 SGI and 3.8 SGI) will be available on light and medium buses.

India and Sri Lanka have signed a MoU to develop a village in Anuradhapura District (Sri Lanka) at a cost of 30 crores Sri Lankan rupees. The village in the name of a famous Buddhist monk Sobitha Thero, envisages construction of 153 new houses, a multipurpose community building, internal water supply system and renovation of monk’s quarters & library.

Karnataka’s Manudev has won the title in the first National Masters snooker tournament held in Chennai.

Lewis Hamilton, who beat teammate Valtteri Bottas and Ferrari’s Kimi Raikkonen, registered his fourth straight British GP win.

Men’s Singles : Roger Federer (Switzerland)
Women’s Singles : Garbiñe Muguruza (Spain)
Men’s Doubles : Łukasz Kubot (Poland) / Marcelo Melo (Brazil)
Women’s Doubles : Ekaterina Makarova (Russia) / Elena Vesnina (Russia)
Mixed Doubles : Jamie Murray (United Kingdom) / Martina Hingis (Switzerland)

Oscar-winning American actor Martin Landau, most closely associated with scene-stealing character turns in such films as “North by Northwest,” “Crimes and Misdemeanors” and “Ed Wood” as well as the classic TV series “Mission: Impossible,” has passed away.

The Information and Broadcasting portfolio is given to Smriti Irani, a day after M. Venkaiah Naidu, who was handling the Ministry, was picked to be the NDA’s Vice Presidential candidate.
Irani already heads the Textile Ministry

The Urban Development Ministry, which was also being handled by Naidu, has been given to Narendra Singh Tomar.
Tomar is in charge of Rural Development and Panchayati Raj.

Prime Minister Narendra Modi welcomed Australia’s joining of the International Solar Alliance (ISA) and said it will provide a great boost to the grouping.
ISA is India’s initiative aimed at boosting clean and affordable energy and creating a sustainable world.

Indonesia will now refer to the northern areas of its exclusive economic zone in the South China Sea as the “North Natuna Sea” in an act of defiance against Beijing’s territorial ambitions in the region.

A colourful bird-like dinosaur that was almost as big as a man has been identified by scientists. The blue and beige feathered creature stalked the Canadian ‘badlands’ of Alberta 71 million years ago.

According to the World Bank’s latest edition of the Global Economic Prospects, India is the fourth fastest growing economy in the world. China shows a clear sign of slowdown and ranks at number 16 in terms of GDP growth rate.

India has been placed behind smaller economies of Estonia, Uzbekistan, and Nepal in growth rate in World Bank’s latest edition of the Global Economic Prospects

Indian banks taking 12 of the country’s largest defaulters to bankruptcy court under a central bank directive, will need to make additional provisioning of at least 180 billion rupees ($2.8 billion), according to India Ratings and Research.

The Indian Chamber of Commerce (ICC), in association with the West Bengal government, will host Horasis Asia Meeting, a global business meet, in the city in November.

Kazan has been selected to host the 2022 World Short Course Swimming Championships, President of the International Swimming Federation (FINA) Julio Maglione announced.
He also announced that 2024 Short Course Worlds will be held in the Hungarian capital, which currently hosts the 17th FINA World Championships.
In 2018 and 2020, the championships will be held in China’s Hangzhou and the United Arab Emirates’ capital of Abu Dhabi, respectively.

Reliance Industries (RIL) has attained a market valuation of more than Rs 5 lakh crore, becoming the second Indian company after Tata Consultancy Services (TCS) to achieve this milestone. The market cap of TCS on 17th July 2017 was Rs 4.72 lakh crore

Italian Football legend Francesco Totti, who was part of the 2006 World Cup winning squad for Italy and for AS Roma, confirmed his retirement from the club and announced that he will take up a role of director in the club.

Justice Gopal Prasad Parajuli sworn in as new Chief Justice of Nepal

Union cabinet has given approval for merger of which of the following companies with state-run explorer Oil and Natural Gas Corp. (ONGC)?

mAadhaar, a new app for syncing Aadhaar data on the mobile phone, has been launched by the UIDAI, which is the agency responsible for Aadhaar. The mAadhaar app is only available on Android for now, and the developer for this is listed as UIDAI (Unique Identification Authority of India).

Odisha Chief Minister Naveen Patnaik has dedicated to the nation the state’s longest bridge and named it after Netaji Subhas Chandra Bose.

In an apparent move to compete with Microsoft-owned LinkedIn, Google has launched ‘Hire’, a recruiting app for small- and medium-sized businesses that also integrates seamlessly with G Suite.

The U.S. Navy has recently tested the world’s first-ever active laser weapons system, which is now deployed and ready for war.

For the first time in five years, a northern hairy-nosed wombat was born in the Australian state of Queensland.
The native creature is known as a joey.

Dismissing the five-month-old government of Shurhozelie Liezietsu, Governor PB Acharya has appointed TR Zeliang, Naga People’s Front (NPF) legislator, as Nagaland Chief Minister.

Bahujan Samaj Party chief Mayawati has resigned from Rajya Sabha for not being allowed to speak against the atrocities on Dalits.

Assamese actor and singer Bidisha Bezbaruah allegedly committed suicide at her residence in Gurugram

A group of seven Indian students has bagged two awards at the first global robotics Olympiad in the US where 157 countries participated.
Organised by FIRST Global in Washington DC, USA

TATA ClassEdge, a leading provider of innovative technology based learning solutions for schools and YES BANK, India’s fourth largest private sector Bank, partner with FIRST Global to encourage and mentor students from India, participating in the FIRST (For Inspiration and Recognition of Science and Technology) Global Robotics Olympiad at Washington, D.C. from 16 – 18 July.

In a first of its kind, Telangana State will have eco-friendly bridges over a canal cutting across the tiger corridor linking the Tadoba-Andhari Tiger Reserve (TATR) in the Chandrapur district of Maharashtra with the forests in Telangana’s Kumram Bheem Asifabad district.

1. The Centre and the Government of Haryana has joined hands to revive the long lost River Saraswati and provide water to the drought-prone areas of India.

The President of India, Shri Pranab Mukherjee inaugurated the 200th anniversary celebrations of the Paika Rebellion of Odisha today (July 20, 2017) in New Delhi. He congratulated the people of the country and especially those of Odisha on the occasion.

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the signing of a Memorandum of Cooperation (MoC) with respect to tax matters between India and the revenue administrations of the BRICS countries, namely, Brazil, Russian Federation, China and South Africa.

Gujarat continues to have the highest potential to attract investment for the second year in a row, a survey by economic policy think tank National Council of Applied Economic Research (NCAER) revealed.
Gujarat led the charts, top-scoring on economic climate and perception while Delhi scored the highest on infrastructure.

According to the supplement of Asian Development Bank (ADB) Outlook 2017, India, the sub-region’s largest economy, is expected to achieve previous growth projections of 7.4 per cent in 2017 and 7.6 per cent in 2018, primarily from strong consumption, with South Asia leading the growth chart in Asia and the Pacific.

In the supplement, ADB has upgraded its growth outlook in the Asian region to 5.9 per cent in 2017 from 5.7 per cent and to 5.8 per cent for 2018 from 5.7 per cent.

The National Democratic Alliance (NDA) nominee Ram Nath Kovind has been elected as India’s 14th President. He will succeed the incumbent president Pranab Mukherjee as the President of India on 25 July 2017.

Veteran BJP leader L.K. Advani has received the Lifetime Achievement Award for his contributions as a parliamentarian in the Lok Sabha.

Actor and MP Jaya Bachchan has been named the Best Woman Parliamentarian of the Year (Rajya Sabha).

American actor Red West, best known for his role as Red alongside Patrick Swayze in “Road House” has passed away.

India will be hosting the 5th Global Conference on Cyber Space (GCCS) in 2017, one of the world’s largest conference on Cyber Space and related issues” as announced by Shri Ravi Shankar Prasad, Hon’ble Union Minister for Electronics & Information Technology and Law & Justice..

The Union Minister for Finance, Defence and Corporate Affairs has formally launched the Pradhan Mantri Vaya Vandana Yojana (PMVVY) for elderly with 8 per cent fixed rate of interest on their savings in New Delhi.

PMVVY is a Pension Scheme announced by the Government of India exclusively for the senior citizens available from 4th May, 2017 to 3rd May, 2018.

Scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years.

The scheme is exempted from Service Tax/ GST.

AIDS claimed a million lives in 2016, almost half the 2005 toll that marked the peak of the deadly epidemic, according to a UN report

SBI Card is operated through two joint venture companies , SBI Cards & Payment Services and GE Capital Business Process Management Services.
Now SBI and Carlyle Group will acquire GE Capital’s stake and then SBI and Carlyle will own 74 percent and 26 percent respectively in each of the two entities.

India’s most celebrated tennis event, the ATP tournament which acquired heritage status as the ‘Chennai Open’, will now be held in Pune next year and would be henceforth called “Maharashtra Open”.

The UK government has appointed Brenda Marjorie Hale as the first female President of the Supreme Court, the senior-most judge of the country.

Congress leader, freedom fighter and former Maharashtra Minister Shivajirao Girdhar Patil, who was father of late National Award winning actress Smita Patil has passed away.

Meghalaya Chief Minister Mukul Sangma officially launched a statewide football grassroots development programme ‘Mission Football’.

The data, analysed by a national consortium for the study of terrorism and responses to terrorism, contracted with the US state department, reveals India is third after Iraq and Afghanistan in terms of terror attacks.

England’s women’s cricket team defeated India by 9 runs at Lord’s Cricket Ground in London, to clinch their fourth World Cup title. Besides the inaugural edition in 1973, England had won the World Cup in 1993 and 2009 as well.

Uttar Pradesh Power Minister Srikant Sharma launched free power connection scheme for the BPL card holders in the state.

India has been ranked 132 out of 152 countries in an index that rates countries by their commitment to reducing inequality.

The UN has selected Dubai as the data hub for the Middle East North Africa and South Asia (MENASA) region for the city’s integrated initiatives to mine and manage its data.

India and Bangladesh have signed a pact to connect both the countries by waterways. The waterways will facilitate movement of passengers and goods between India’s northeast and West Bengal with Bangladesh.

Arunachal Pradesh has been chosen to host the 5th North East Connectivity Summit in 2018. The summit is organised by the FICCI.

Karnataka Bank has launched Met Loan & Life Suraksha” (MLLS) for its customers. It is a single premium plan covering the loan liability of a customer.