Weekly CA Quiz: July 2020 3rd week

Union Minister Ramesh Pokhriyal Nishank virtually released the PRAGYATA guidelines on digital education in New Delhi.
The PRAGYATA guidelines include eight steps of online education that is, Plan, Review, Arrange, Guide, Yak(talk), Assign, Track, and Appreciate.

One of India’s best-known ceramic and pottery artists, Jyotsna Bhatt has passed away after suffering a stroke. She was 80.

Former Australia skipper and Crystal Palace midfielder Mile Jedinak announced his retirement from football at the age of 35.

List of all award winner
Mohun Bagan Ratna – club’s highest honor
Shri Gurbux Singh (Hockey)
Shri Palash Nandi (Cricket)
Lifetime Achievement
Shri Ashok Kumar (Hockey)
Shri Pranab Ganguly (Football)
Shri Monoranjan Porel (Athletics)
Best Football Player of the season 2019-20 (Senior) : Joseba Beitia (Spain)
Best Youth Player: Sajal Bag (U18 team)

Human Resource Development Minister Ramesh Pokhriyal Nishank and Minister of State for HRD Sanjay Dhotre have launched the most affordable COVID-19 test Kit.
COROSURE is one of the companies which has received the non exclusive license from IIT Delhi for the probe free RT-PCR based COVID-19 test kit.

Election Commissioner Ashok Lavasa is set to leave the poll panel to join the Asian Development Bank (ADB), more than a year after he had a run-in with Chief Election Commissioner Sunil Arora during the Lok Sabha polls over enforcing the Model Code Conduct.

According to Reserve Bank data, the share of industrial credit in total bank credit declined to 31.5 per cent in March 2020 as against 33.1 per cent a year ago.

The Railways Minister Piyush Goyal has announced, India’s first cable-stayed Railways bridge “Anji Khad Bridge” to connects Katra and Reasi in Jammu and Kashmir (J&K).

Assam Chief Minister Sarbananda Sonowal announced that Poba Reserve Forest in Dhemaji district would be upgraded to a wildlife sanctuary.

The National Bank for Agriculture and Rural Development (NABARD) has launched development projects in Andaman & Nicobar Islands worth Rs. 44 lakhs in order to strengthen the concept of Atmanirbhar Bharat through rural entrepreneurship.

Former IAS officer and Maharashtra’s first woman Election Commissioner Neela Satyanarayan passed away at Seven Hills Hospital in Mumbai. The 1972 batch IAS officer was admitted to the hospital after she was diagnosed with COVID-19. She was 78.

Fifa announced the match schedule for World Cup 2022, to be held from November 21 to December 18 in Qatar.

The 2022 Youth Olympic Games in Dakar will now take place instead in 2026, the IOC and hosts Senegal announced recently.

Domestic rating agency Icra has revised its forecast for contraction in the country’s GDP in the current fiscal to 9.5 per cent from 5 per cent earlier, as continued lockdowns in some states have affected the recovery seen in May and June.

Human Resources and Development Minister Ramesh Pokhriyal Nishank launched the first on-line NISHTHA programme for one thousand 200 Key Resources Persons of Andhra Pradesh.
NISHTHA in face-to-face mode was launched on 21st August last year. NISHTHA is a national initiative for School Heads and Teachers Holistic Advancement at the elementary stage under Samagra Shiksha -a flagship programme of the Ministry to improve learning outcomes.

The center has been established with the technical knowhow of Central Footwear Training Institute (CFTI), Agra which is a unit of the Ministry of MSME.

Ministry of Finance has released an amount of over 15,187 crore rupees as grants-in-aid to 2.63 lakh Rural Local Bodies (RLBs) spread in 28 States of the country.

The Union health ministry informed that, the country’s first fully indigenously developed vaccine against pneumonia has got approval from the Drug Controller General of India (DCGI).

Telangana Police launched a month-long virtual awareness campaign ‘CybHER’ in the wake of cybercrime against the women and children in the state.

Indian Institute of Technology Madras (IIT-M)-incubated start-up, Modulus Housing has developed a portable hospital unit that can be installed anywhere within two hours by four people.
‘MediCAB’ has been launched recently in the Wayanad district of Kerala where the units are being deployed to treat Covid-19 patients.

China and the US retain the top two positions, while India has moved one place higher to rank third, the consultant said in its Global Manufacturing Risk Index (MRI) report.

India emerged as top tenth nation in the ranking of the total (resident and abroad) IP filing activity by origin, revealed World Intellectual Property Indicators 2019. 1st – China.

SBI cards and Payment Services has appointed Ashwini Kumar Tewari as its new Managing Director and chief executive officer, nominated by parent State Bank of India, with effect from August 1, 2020 for a period of two years.

Reserve Bank of India (RBI) has approved the reappointment of Shyam Srinivasan as the MD & CEO of the Federal Bank, w.e.f. September 23, 2020 till September 22, 2021 alongwith remuneration as proposed by the Bank.

The president of Gabon, Ali Bongo Ondimba, has appointed the country’s first female prime minister, Rose Christiane Ossouka Raponda.

Uttarakhand has received a go-ahead from the Centre to set up India’s first Ultra High Temperature Hydrolysis (UHTH) Reaction waste to energy plant at Roorkee. The project will be used to convert solid waste collected from seven major residential towns in the state into electricity.

Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman participated in the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Saudi Arabian Presidency through Video Conferencing.

According to Coursera report title ‘Global Skill Index’, within the data science domain, India ranks at 51 globally (lagging) and 12 among APAC countries in data science overall.
Within business domain India ranks at 34 globally.

National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 795 crore for reconstructing infrastructure damaged by cyclone Amphan that ripped through West Bengal in May 2020.

Former Chelsea star and Borussia Dortmund forward Andre Schurrle has announced his retirement from football at the age of 29 after terminating his contract with Borussia Dortmund.

Lewis Hamilton won his the eighth Hungarian Grand Prix 2020 at Hungaroring, Mogyoród, Hungary.The Mercedes driver and Michael Schumacher are now the only two men to have won eight races at a specific circuit.

Real Madrid clinch record 34th La Liga title with 2-1 win over Villarreal.

The United Arab Emirates launched its first-ever interplanetary Hope Probe mission to Mars from Japan’s Tanegashima Space Centre.

C.S. Seshadri, one of the leaders of Indian mathematics in the post-Independence era, passed away late in Chennai. He was 88.

Uttar Pradesh Chief Minister Yogi Adityanath launched ”Navin Rojgar Chhatri Yojana” for an all round development of the Scheduled Castes.

Human Resource and Development Minister Ramesh Pokhriyal Nishak virtually launched the Manodarpan initiative under Atma Nirbhar Bharat Abhiyan.

Railway Board Chairman VK Yadav said that all the capitals of North-Eastern states will be connected to the rail network by 2023.

The Centre’s fiscal deficit is expected to touch 7.6 per cent in 2020-21, more than double the Budget Estimate, as the country spends extra to minimise the impact of the COVID-19 pandemic while facing a shortfall in revenues, India Ratings and Research said in the report.

According to the World Federation of Direct Selling Associations (WFDSA)’s report, the Indian direct selling industry has recorded sales of USD 2.47 billion in 2019, reporting a growth of 12.1 per cent.
This has helped the direct selling industry improve its ranking to the 15th from the earlier 19th a year before, said The Global Direct Selling – 2019 Retail Sales report by Washington-based WFDSA.

Madhya Pradesh Governor Lalji Tandon passed away after suffering from multiple organ failure. He was 85.

Crime writer, S Hussain Zaidi has penned a new novel “The Endgame” which talks of politics, betrayal, and unimaginable terror. The book has been published by HarperCollins India.

Sahitya Akademi Award winner Baldev Singh Sadaknama has written another book shedding light on historic perspectives. ‘Suraj Kade Marda Nahi’ (sun never dies) is on the life of Udham Singh, whose 80th death anniversary will fall on July 31.

Union Power Minister R K Singh inaugurated India’s first public EV (electric vehicle) charging plaza at Chelmsford Club in New Delhi.

Chhattisgarh Chief Minister Bhupesh Baghel launched Mukhyamantri Suposhan Abhiyan with an aim to tackle the menace of malnutrition and anemia.

The International Cricket Council (ICC) confirmed the ICC Men’s T20 World Cup in Australia 2020 has been postponed due to the ongoing COVID-19 pandemic.

Sanjiv Bajaj will be new non-executive chairman of Bajaj Finance from August 2020.
He will succeed Rahul Bajaj, who has been at the helm of the company since its inception in 1987 and the group for over five decades.

Board of Karur Vysya Bank, has co-opted Ramesh Babu Boddu as an additional director and appointed him as the bank’s new MD & CEO for a period of three years from the date of taking charge.
Boddu succeeds PR Seshadri who had resigned citing personal reasons on March 31, 2020.

HDFC Bank Managing Director Aditya Puri has emerged as the highest paid banker among the top lenders for FY 2019-20, with a 38 per cent jump in salary and perquisites to Rs 18.92 crore.

Viktor Chizhikov, the Russian illustrator behind the memorable Mishka bear mascot of the 1980 Moscow Olympics, died. He was 84.
Misha, also known as Mishka or The Olympic Mishka

National Payments Corporation of India (NPCI),, launched its one-stop fintech payment solution- UPI AutoPay in a virtual event of Global Fintech Fest.

FamPay, a neo-bank for teenagers that brings cashless convenience to millions of teens and their parents, announced the launch of a numberless card – FamCard.

Sumit Deb has been appointed as the Chairman and Managing Director (CMD) of National Mineral Development Corporation (NMDC), iron ore mining major of the country.

SBI General Insurance, the non-life a subsidiary of State Bank of India has appointed Prakash Chandra Kandpal as its new managing director & chief executive officer.

SpaceX successfully launched South Korea’s first military satellite and aced a rocket landing, too, to mark its 12th launch of the year.
The satellite named “ANASIS-II”was deployed into a geostationary transfer orbit (GTO) by a Falcon 9 rocket. It was launched from the Cape Canaveral Air Force Station in the US of Florida