Current Affairs Quiz - February, 2020

Notes:
The biennial Defence exhibition of India, ‘DefExpo’ was recently inaugurated at Lucknow, Uttar Pradesh by the Indian Prime Minister Narendra Modi. The Uttar Pradesh Chief Minister also attended the inaugural programme.
A live demonstration of naval systems, aerial systems and land systems was performed during the ceremony. The main theme of the DefExpo 2020 is ‘India: The Emerging Defence Manufacturing Hub’ and the focus will be on ‘Digital Transformation of Defence’. The five-day-exhibition is to be attended by delegates and military manufacturers from more than 70 countries. The fifth India-Russia Military Industry Conference is also to be held on the side-lines of the event.

Notes:
The Union Finance Minister Nirmala Sitharaman announced a dispute resolution scheme for direct taxes in the recent Union Budget 2020-21.
Under the proposed scheme, the taxpayers whose tax demands are locked in any dispute in any of the forums can pay their due taxes by March 31, 2020. By paying it before the deadline, the taxpayer can get complete waiver of interest and penalty. With an additional 10 per cent, he can pay up to June 30. The Finance Minister recently introduced the ‘Vivad se Vishwas’ bill in the parliament. Last year, a scheme for dispute resolution for indirect taxes called ‘Sabka Vishwas’ was launched.

Notes:
Indian Oil and Gas company, the Indian Oil Corporation recently signed an MoU with Russian energy firm, Rosneft for importing Crude Oil from Russia.
The crude oil purchase agreement was signed during a meeting between Union Minister of Petroleum and Natural Gas Dharmendra Pradhan and the Chairman and CEO of Rosneft, Igor Sechin. Under the agreement, Russia would export 2 million tonnes of crude oil to India this year. Rosneft bought Essar Oil in 2017, which is now Nayara Energy and holds 49 per cent stake in the firm.

Notes:
Indian Cricket star Virat Kohli retains his top rank in the latest brand valuation study by Duff & Phelps. He is placed at the first spot third year in a row.
The report revealed that Virat Kohli has increased his brand value by 40 per cent to $237.5 million in 2019. The second place was bagged by Bollywood actor Akshay Kumar, who pushed the last year’s second rank holder Deepika Padukone to third. The third spot is shared by actor Ranveer Singh. Former Indian captain M.S.Dhoni is placed at 9th place in the list.

Notes:
Top media agency of India, GroupM recently revealed that India would become the 8th-largest global advertising market in 2020. This is two places higher than the previous year’s rank.
It also estimates the overall size of India’s advertising market to be $13.2 billion (Rs 94,000 crore), which is 10.7 per cent growth from the last year, when the overall size was $11.9 billion (Rs 84,917 crore). The first place was bagged by the United States with a huge lead from the rest of the countries, followed by China and Japan.

Notes:
Christina Koch has set the record for the longest stay in space by a woman. The U.S. astronaut landed in Kazakhstan on February 6 after 328 days on the International Space Station (ISS).

Notes:
Renowned writer and academician Giriraj Kishore passed away recently. The Gandhian writer was 82-years-old. He was also the recipient of the prestigious civilian award ‘Padma Shri’.
The famous literary works of Giriraj Kishore include ‘Pahla Girmitiya’ and ‘Dhaai Ghar’. A recipient of ‘Sahitya Samman’, he was also a former member of the Sahitya Academy working committee.

Notes:
The 13th UN Convention on the Conservation of Migratory Species (CMS) (COP 13) is scheduled to be hosted by India in 2020, at Gandhinagar, Gujarat. The COP-13 (Conference of Parties) is to be held from February 15-22, 2020.
It was recently announced that the Indian Prime Minister Narendra Modi will inaugurate the summit. The theme of this year’s summit is, ‘Migratory species connect the planet and we welcome them home’.

Notes:
Ministry of Coal (MoC) has recently launched a web portal for star rating of coal mines. Under the portal, all operational coal mines across the country will be enabled for self-rating. The mines will be subsequently validated by Coal Controller’s Organization (CCO), the subordinate office of Ministry of Coal.
The mechanism on the portal would award star rating to the mines with certain evaluation parameters under 7 modules.

Notes:
The state cabinet of Uttar Pradesh chaired by its Chief Minister Yogi Adityanath recently approved the Ground water Act, 2020. The act aims at improving the falling groundwater level of the state.
Under the new act, one has to register with the state records before installing submersible pumps either off-line or on-line. It has also ensured provisions for rain water harvesting in all buildings. People who contaminate ground water would be granted penalty and punishment.