Weekly CA Quiz: May 2020 4th week

The United Nations listed the KHUDOL initiative of Manipur as one of the top 10 global initiatives to fight against COVID-19.

The Mizoram Cabinet has granted “industry” status to “sports”. This step has been taken to invest more in sports in order to generate employment and increase value. Granting industry status to sports is expected to help the state in meeting the requirements of sports persons and others involved in the sector.

AP Chief Minister Y.S. Jagan Mohan Reddy has launched a new programme christened ‘ReStart’ to support the MSME sector in the State.

A high-level committee of experts has been formed by the government to recommend reforms in India’s drug regulatory system so that approval processes can be fast-tracked

Athletic Bilbao striker Aritz Aduriz from Spain has announced his retirement from football.

Three-time Olympic gold medal-winning hockey legend Balbir Singh Sr has passed away after battling multiple health issues for over two weeks. The iconic player was 95.

Three-time Olympic gold medal-winning hockey legend Balbir Singh Sr has passed away after battling multiple health issues for over two weeks. The iconic player was 95.

Australia’s Ashley Cooper, who won four Grand Slam singles titles including the Australian, Wimbledon and U.S. championships in 1958, has passed away. He was 83.

The Union Ministry of Labour and Employment said that it had started free online career skills training through its National Career Service project for job-seekers registered with it.

The foundation stone for a missile park was laid at INS Kalinga by Cmde Rajesh Debnath, Commanding Officer, in the presence of Flag Officer Commanding-In-Chief, Eastern Naval Command Vice Admiral Atul Kumar Jain.

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned credit of Rs 1,050 crore in the current fiscal so far to West Bengal for benefit of farmers and poor people in rural areas.

The tenure of Sandip Pradhan as Director General of the Sports Authority of India (SAI) has been extended by two years from June 6, 2020.

Arun Singhal as chief executive officer of India’s apex food regulator Food Safety and Standards Authority of India (FSSAI).

The ministry of finance appointed PR Jaishankar as the managing director of the India Infrastructure Finance Company Ltd (IIFCL) for three years.

India Observatory has come up with a Geographic Information System (GIS)-enabled dashboard called Collaboration/Covid Action Support Group (CoAST India) to monitor the movements of migrants.

The Karnataka government said it would soon launch a project to maintain the health database of all its citizens by having a “State Health Register.”

Long-distance runner Kiranjeet Kaur has been handed a four-year ban by World Athletics’ anti-doping body for testing positive for a banned substance (Enobosarm).

Tech consulting and business process services firm Wipro Limited has appointed Thierry Delaporte as it’s new Chief Executive Officer and Managing Director. The appointment is effective from July 6, 2020.

Former Chhattisgarh Chief Minister Ajit Jogi, 74, died after being hospitalised in Raipur following a heart attack.

Veteran lyricist Yogesh Gaur, who penned the famous ‘Kahin Door Jab Din Dhal Jaaye’ and ‘Zindagi Kaisi Hai Paheli” in “Anand”, passed away. He was 77.

Famous astrologer Bejan Daruwalla succumbed to lung infection in a hospital at Ahmedabad. He was 89.

Every 29th May, the World Gastroenterology Organisation (WGO), in collaboration with the WGO Foundation (WGOF), celebrates World Digestive Health Day (WDHD) and initiates a yearlong, worldwide, public health campaign through more than 110 WGO Member SocietiesThe theme for the World Digestive Health Day 2020 campaign is “Gut Microbiome: A Global Perspective.”

Central Institute of Plastics Engineering & Technology (CIPET) has been renamed as Central Institute of Petrochemicals Engineering & Technology (CIPET), a premier national institution under the Ministry of Chemicals and Fertilizers, Govt. of India.The announcement was made by the Union Minister for Chemicals and Fertilizers DV Sadananda Gowda.

The Asian Development Bank (ADB) granted a loan of US $ 177 loan to India to upgrade 450 kms of state highways and major district roads in Maharashtra.

The country’s GDP growth is likely to be at 3.6 per cent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report.

 Foreign direct investment (FDI) in India grew by 13% to a record of $49.97 billion in the 2019-20 financial year, according to official data.

The 36th National Games, scheduled to be held in Goa, were postponed indefinitely due to the coronavirus pandemic.

Sri Lanka’s cricket board suspended pace bowler Shehan Madushanka from all forms of the game, two days after he was arrested allegedly in possession of heroin.

Kerala Police will get its first woman Director General when R.Sreelekha assumes office as the new head of the Kerala Fire and Rescue Services on June 1.

 Every year on 29 May, the United Nations commemorates the International Day of United Nations Peacekeepers.

Airtel Payments Bank has partnered with Mastercard to build customised solutions for payments such as tap-and-pay NFC, credit facility and other neighbourhood banking services for farmers and SMEs.

 National Payment Corporation of India (NPCI) has launched an artificial intelligence (AI)-based chatbot to create awareness around its digital payment platforms like FASTag, RuPay and UPI. Called PAi, the chatbot aims to improve digital financial inclusion in the country.

Rating agency Standard and Poor’s said the Indian economy will contract 5% in FY21 assuming that the ongoing coronavirus pandemic will peak by September quarter. S&P’s Indian arm Crisil made similar forecasts.

Brazil’s Marcos Troyjo will succeed India’s KV Kamath as president of the New Development Bank (NDB).

SN Rajeswari,57,general manager,New India Assurance(NIA),has been selected by the Banks Board Bureau (BBB), as the CMD of the Delhi based Oriental Insurance Company(OIC).

Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola, has acquired Amsterdam-based Etergo BV, manufacturer of electric scooters.

Celebrated Urdu author, humorist and satirist Mujtaba Hussain passed away in Red hills after a prolonged illness. He was 84.

 Former Tamil Nadu footballer and coach R. Shanmugam passed away. He wad 77.

Hunar Haat’ a platform for artisans and craftsmen from various parts of the country to showcase their art and craft, will restart from September 2020 with the theme of “Local to Global”.

Health Minister Dr Harsh Vardhan today said that Aarogya Setu has become world’s largest contact tracing app reaching over 11 crore 40 lakh people in 40 days.

Private NBFC, Tata Capital has launched the voicebot “TIA” on WhatsApp.

Life Insurance Corporation of India (LIC) announced the launch of the Pradhan Mantri Vaya Vandana Yojana (Modified- 2020) Scheme for senior citizens.

In the wake of coronavirus pandemic, rating agency Fitch Ratings has made further cuts to its world GDP forecasts in its latest Global Economic Outlook (GEO), released.

According to SBI’s research report — Ecowrap, the country’s GDP is estimated to have grown at 1.2% in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown to contain spread of COVID-19.

Facebook has come up with another calling application called Catch-Up. The idea behind the new app is to coordinate call timings with friends and family members.

In Madhya Pradesh, Chief Minister Shivraj Singh Chouhan inaugurated the ‘Everybody will get employment’ scheme through video conferencing.

Indian Association in Uganda, with help of the Indian Military training team, set up a military war game centre in Jinja district.

Leading agri-commodity bourse NCDEX launch the country’s first agri-futures index, NCDEX AGRIDEX.

American tennis player and former world number 24 Jamie Hampton has officially announced her retirement from professional tennis, bringing a sudden halt to her career.

An Indian Army officer and woman peacekeeper, who has served with the UN Mission in South Sudan (UNMISS), and a Brazilian woman commander have been selected for the prestigious United Nations Military Gender Advocate of the Year Award (2019), with UN Chief Antnio Guterres describing them as “powerful role models.”

Actor Mohit Baghel, best known for playing Amar Chaudhary in superstar Salman Khan’s Ready, has died of cancer in his hometown Mathura, Uttar Pradesh. He was 26.

Hana Kimura, a Japanese professional wrestler who was also a cast member on the most recent season of Netflix’s reality show “Terrace House,” has died, Variety has confirmed. She was 22.