Weekly CA Quiz: July 2019 4th week with PDF

Over seven crore 32 lakh farmer families across the country have received the first and second instalments of 2 thousand rupees each under the Pradhan Mantri Kisan Samman Nidhi Yojana amounting to 14 thousand 646 crore rupees.

Inter-Ministerial Committee” on legality of cryptocurrencies and blockchain has submitted its report to the Finance Ministry. The Committee recommends that all private cryptocurrencies, except any cryptocurrency issued by the state, be banned in India.

Monsoon Ragas,’ a music festival, being organised by Kerala Tourism, marks the states successful entry into music tourism, Governor P Sathasivam said.

To ensure seamless traffic and prevent congestion at toll plazas, the government has decided to declare all lanes at toll fee plaza on national highways as ‘FASTag lanes’ from December 1

Government of India will provide 10,000 scholarships for heirs of the liberation war fighters of Bangladesh called ‘Muktijodhas’ over the next five years under the Nutan India-Bangladesh Maitree Muktijodha Sontan Scholarship Scheme.

The Non Aligned movement ministerial meeting was held in Caracas, Venezuela. The ministerial meeting brought together 120 member nations as well as 7 observer countries, 10 multilateral international organisations including the United Nations (UN), and 14 specially invited nations.

As part of innovative modes of financing to meet India’s huge infrastructure appetite, insurance giant LIC has agreed to offer Rs 1.25 trillion line of credit by 2024, to fund highway projects, Union Minister Nitin Gadkari said.

Two-time Olympic gold medallist Keshav Dutt and former India Football Captain Prasun Banerjee will be conferred the ‘Mohun Bagan Ratna’ during its annual day celebrations on the 29th of this month.

The International Federation of Association Football (FIFA) has awarded the hosting rights for the 10th edition of the Under-20 Women’s World Cup to be held in 2020, to Nigeria.

India’s Vivek Kohli and M P Singh have been elected as chairman and secretary general respectively of the Commonwealth Table Tennis Federation (CTTF).

Government has decided to set up two Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu which would cover Micro, Small and Medium Enterprises (MSME) needs.

Union Cabinet has approved the merger of National Institute of Miners’ Health with Indian Council of Medical Research and National Institute of Occupational Health.

Reliance Industries ltd has jumped 42 places to become the highest-ranking Indian firm on the Fortune Global 500 list.

Asian Development Bank has sanctioned Rs 1925 Cr project for up-gradation of power generation and distribution in Tripura.

India has jumped five notches to rank 52nd in the Global Innovation Index (GII) 2019 of 129 countries released in New Delhi. India improved its ranking from 81st five years ago to 57 last year.

Sri Lanka pacer Nuwan Kulasekara has announced retirement from international cricket. Kulasekara is known for swinging the ball both way and is the third-highest ODI wicket-taker for Sri Lanka.

Priti Patel, an ardent Brexiteer who was among the most vocal critics of Theresa May’s Brexit strategy, took charge as Britain’s first Indian-origin home secretary as part of Prime Minister Boris Johnson’s top team.

Eminent fashionista, social entrepreneur and philanthropist Priya Priyadarshini Jain has been felicitated with the prestigious ‘Indian Woman of Influence’ award at the House of Lords, the United Kingdom Parliament, London.

The government has set a target for the installation of Rooftop Solar projects of 40,000 MegaWatt by 2022 in the country.

Apple has announced the acquisition of chip-maker Intel”s smartphone modem business for $1 billion. This agreement enables to focus on developing technology for the 5G network while retaining critical intellectual property and modem technology.

The Table Tennis Federation of India (TTFI) has appointed the Canadian Dejan Papic as the head coach of the Indian table tennis team. He has signed a one-year contract and will be the in charge through the 2020 Tokyo Olympics.

Pakistan left-arm fast bowler Mohammad Amir bid adieu to Test cricket with immediate effect, saying he wants to focus on white-ball cricket.

Indian men’s football team dropped two places to settle at 103 in the FIFA rankings updated recently. Belgium still top the rankings.

The Board of Control for Cricket in India (BCCI) announced a new sponsor for the Indian team.BYJU’S will be taking over the sponsorship from OPPO. The Indian team will be wearing the jersey with a new sponsor from September in the home series against South Africa.

Veteran BJP leader B S Yeddyurappa has been swon in as Karnataka Chief Minister, three days after the fall of the Congress-JD(S) coalition government.

The leader of the Congress party in Lok Sabha, Adhir Ranjan Chowdhury was appointed as the Chairman of the Public Accounts Committee (PAC).

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has recently approved a new scheme called ‘Pradhan Mantri Laghu Vyapari Maan-dhan Yojana‘ that offers pension coverage to the trading community.

The Centre has proposed light urban rail transit system – ‘Metrolite’ – in small cities and towns having lower projection of ridership, with each train having three coaches and a restricted speed of 25 kmph.

GST Council has decided to reduce GST rate on electric vehicles (EV) from 12% to 5% and 18% to 5% on EV chargers from August 1, the Finance Ministry announced. Moreover, the council also approved exemption from GST on hiring of electric buses by local authorities. This follows government announcing ₹1.5-lakh income tax deduction on loan interest for purchasing EVs.

German online moving company, Movinga has revealed its International Moving Price Index for 2019. The 2019 Moving Index, a study of 85 cities, found which are the costliest cities to start afresh in.

The economy will not be able to achieve the official forecast of 7 percent growth in FY20, making it a second consecutive year of sub-7 percent expansion, according to a report by Singaporean lender DBS.

NITI Aayog and Facebook-owned WhatsApp, under the aegis of its Women Entrepreneurship Platform (WEP), have announced a partnership to support the growth of a robust ecosystem to promote women entrepreneurs in India.

Sri Lanka’s unorthodox fast bowler Lasith Malinga played his last international game against Bangladesh. He thus announced his retirement from international cricket.

The Western Railway General Stores Depot (GSD) has become the first in Indian Railways to opened a heritage gallery of the printing and allied machines used in the Western Railway Printing Press since (1948) at Mahalaxmi in Mumbai.

In a first, the Goa government is planning to ply ‘water taxis’ in its inland waterways, Chief Minister Pramod Sawant announced.

Cricket Advisory Committee (CAC) led by World Cup-winning former captain Kapil Dev entrusted with the responsibility of selecting India’s new coach.

Six-time world champion boxer Mary Kom clinched the gold medal in the 23rd President’s Cup in 51Kg category in Labuan Bajo, Indonesia.

For the first time in the Olympic Games’ history, men and women will compete together in a new Table Tennis mixed doubles event in Tokyo 2020. The Tokyo Organising Committee of the Olympic and Paralympic Games said this on its Twitter handle.

Red Bull’s driver Max Verstappen clinched the rain-hit German Grand Prix at Hockenheim.

Senior IPS officer VK Johri has been appointed the next Director General of the Border Security Force (BSF), the government has announced. He will succeed Rajni Kant Misra who retires on August 31.

Renowned sand artist Sudarshan Pattnaik has added another feather to his cap by bagging People’s Choice Prize at the Boston International Sand Art Championship in Boston, USA.

Former Union Minister and senior Congress leader S Jaipal Reddy has passed away. He served as a Union Minister for Information and Broadcasting in the IK Gujral cabinet in 1998.

Girish Bapat has been appointed the chairman of the “Estimates Committee” of the parliament. Estimates committee is one of the three financial standing committees of the parliament apart from the public accounts committee and committee on public undertakings.

Gurugram-based online used car marketplace Cars24 said that it has procured an non-banking financial company (NBFC) license from the Reserve Bank of India (RBI) and will be venturing into the consumer lending business. The company has formed a new entity — CARS24 Financial Services — for the same.

The 3rd edition of Khelo India Youth Games 2020 will be held in Guwahati. The Games will see a participation of more than 10,000 athletes and officials.

Nikoloz Basilashvili (Georgia) wins the German Tennis Championships. He defeated Andrey Rublev to successfully defend his title at the German Tennis Championships.

Meghalaya Assembly Speaker and former Meghalaya Chief Minister Donkupar Roy passed away.

World Hepatitis Day, observed on July 28 every year, aims to raise global awareness of hepatitis — a group of infectious diseases known as Hepatitis A, B, C, D, and E — and encourage prevention, diagnosis and treatment.The host country for World Hepatitis Day 2019 is Pakistan.The theme for 2019 World Hepatitis Day is “Invest in eliminating hepatitis”.

India offered concessional financial assistance of USD 100 million to Benin with an aim to help the West African country meet its Sustainable Development Goals.

In Jammu and Kashmir, District Administration Udhampur has launched a helpline, “Jeene Do”. The objective is to improve sex ratio and deal with defaulters of Pre-Conception and Pre-Natal Diagnostic Techniques or PCPNDT Act under the Centrally sponsored Beti Bachao Beti Padhao scheme.

Odisha state secretariat or ‘Sachivalaya’ has been renamed as Lok Seva Bhawan, Chief Minister Naveen Patnaik announced in the state Assembly.

Boosting its capabilities in beyond visual range warfare, India has signed a deal worth around Rs 1,500 crore to acquire R-27 air-to-air missiles from Russia to be equipped on the Su-30MKI combat aircraft.

Pakistan has opened a 1,000-year-old Hindu temple in eastern city Sialkot for “worship” for the first time since partition on the demand of the local Hindu community.

Rajiv Kumar, Secretary in the Department of Financial Services, has been named the new Finance Secretary to take the place of Subhash Chandra Garg, who was shunted to the Power Ministry.

July 30 has been designated by the United Nations as the “World Day against Trafficking in Persons”. Human trafficking is a crime that exploits women, children and men for numerous purposes including forced labour and sex. Since 2003 the UN Office on Drugs and Crime (UNODC) has collected information on about 225,000 victims of trafficking detected worldwide.The theme of 2019 World Day Against Trafficking in Persons is “Call your government to action.”

Indian Railways ‘Northeast Frontier Railway zone’ has started a unique initiative to earmark a special portion of the SLR coach with pink colour.

President Ram Nath Kovind held delegation-level talks with his Gambian counterpart President Adama Barrow in Banjul and promised to extend an assistance of USD 500,000 in support of skill development and cottage industry projects in the West African country.

Debuting at 81st position globally, Bengaluru has been ranked India’s best city for students in the global ranking agency QS’ (Quacquarelli Symonds) latest Best Student Cities Ranking 2019. However, in terms of affordability, Bengaluru is ranked seventh globally.

Former India batsman and Andhra Pradesh skipper Venugopal Rao has announced retirement from all forms of the game.

Noted economist and former RBI Deputy Governor Subir Vithal Gokarn has passed away after a brief illness.