Current Affairs: July 11, 2020
July 11, 2020 May 21, 2021
1. What is the theme of the virtual conference ‘India Global Week 2020’, being organised in the United Kingdom?
[A] Be The Revival: India and a Better New World
[B] Atmanirbhar Bharat
[C] Spiritual Face of India
[D] India winning Covid-19
Show Answer
Correct Answer: A [Be The Revival: India and a Better New World]
Notes:
A three-day virtual conference named ‘India Global Week 2020’ is being organised in the United Kingdom.
The theme of the conference is “Be The Revival: India and a Better New World”. The inaugural address of the first day of the conference was delivered by the Indian Prime Minister Narendra Modi. The conference is addressed by about 250 international speakers and will have 5000 participants.
2. Under Pradhan Mantri Garib Kalyan Anna Yojana, rice/wheat is provided to beneficiaries covered under which act?
[A] National Rural Employment Guarantee Act
[B] National Food Security Act
[C] Essential Commodities Act
[D] Protection of Civil Rights Act
Show Answer
Correct Answer: B [National Food Security Act]
Notes:
In March 2020, the Union Government has announced ‘Pradhan Mantri Garib Kalyan Yojana (PMGKY).
Under the scheme, additional 5 kg rice/wheat per person per month, are being provided to beneficiaries covered under National Food Security Act, 2013, free of cost from April to June. Recently, the Union Cabinet has approved to further extend the scheme till November 2020.
3. An employee who earns a monthly salary of up to Rs 15,000 is mandatorily required to join which security scheme?
[A] Employee Provident Fund
[B] Atal Pension Yojana
[C] National Pension Scheme
[D] New Pension Scheme
Show Answer
Correct Answer: A [Employee Provident Fund ]
Notes:
An employee who earns a monthly salary of up to Rs 15,000 is mandatorily required to join the Employee Provident Fund (EPF) scheme.
Union Cabinet has approved extension of EPF contribution of 24% i.e., employees share of 12% and employers share of 12%, for another 3 months till August 2020. Under the AtmaNirbhar Yojana, the Government had earlier proposed to make the 24% contribution. This will cost Rs 4680 crore to the Government.
4. Which organisation has signed a Memorandum of Understanding with Central Board of Direct Taxes (CBDT), for mutual data exchange?
[A] Reserve Bank of India
[B] Securities and Exchange Board of India
[C] NITI Aayog
[D] Enforcement Directorate
Show Answer
Correct Answer: B [Securities and Exchange Board of India]
Notes:
The Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) has signed a Memorandum of Understanding (MoU), for mutual data exchange.
Both the organisations will share the required information available in their respective databases on an automatic and regular basis. Moreover, a Data Exchange Steering Group has been constituted for the initiative, that will review of data exchange status.
5. Which trade association has launched a platform in New Jersey, to promote trade partnerships between India and the US?
[A] NASSCOM
[B] FICCI
[C] Data Security Council
[D] CII
Show Answer
Correct Answer: A [NASSCOM]
Notes:
The National Association of Software and Services Companies (Nasscom) has launched Nasscom Launchpad in New Jersey.
This platform seeks to promote cross border trade between India and the US and technology-based foreign direct investment (FDI) between the two regions. Member companies of NASSCOM will get hands-on training, assistance in site selection, government regulations and tax planning etc.
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