Current Affairs Quiz - February, 2020

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:
The United States recently launched the International Religious Freedom Alliance, which is aimed at protecting and preserving religious freedom across the world.
The U.S. Secretary of State Mike Pompeo announced the formal launch of the alliance. As many as 27 countries have joined the alliance and the prominent countries among them are Australia, Brazil, the United Kingdom, the Netherlands and Greece. He also announced that the next ministerial to Advance Religious Freedom will be hosted by Poland in Warsaw, in July 2020.

Notes:
The Union Cabinet recently approved the Indian Institutes of Information Technology (IIITs) Laws (Amendment) Bill, 2020, to confer the status of Institution of National Importance (INI) to five Indian Institutes of Information Technology (IIITs).
The Five IIITs in Public-Private-Partnership mode at Surat, Bhopal, Bhagalpur, Agartala and Raichur are to conferred with the INI status. After the status has been granted, the institutions would be able to award degrees and to use the nomenclature of Bachelor of Technology (BTech) or Master of Technology (MTech) or PhD degree. The existing 15 IIITs had already been provided with the INI status.

Notes:
The city of Kochi, Kerala hosts the 22nd India International Seafood Show, after a gap of 12 years. The three-day seafood show has been inaugurated by the Governor of Kerala, Arif Mohammed Khan on February 7,2020.
The event will provide a platform for collaboration of the exporters and importers of the country’s marine products and seafood industry. The theme of the programme is ‘Blue Revolution: Beyond production to value addition’. Marine Product Export Development Authority (MPEDA) organises the event in association with Seafood Exporters’ Association of India.

Notes:
Baltic Dry index tracking freight rates for world’s largest cargo ships recently plunged into negative territory due to coronovirus.

Notes:
Pranash is the name of India’s 200-km strike range tactical ballistic missile which is currently under development by DRDO. This missile is advanced version of the 150-km strike range Prahar missile. Pranash will be a surface-to- surface ballistic missile and will be used by Air Force and Army.

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:
The Chief Minister of Haryana Manohar Lal has recently launched Mukhyamantri Parivar Samridhi Yojana. Under this scheme, an annual financial assistance of Rs 6000 is to be provided to the families in the State, whose annual income is up to Rs 1.80 lakh and who own land below 5 acres.
This ensures that the premiums for various welfare schemes of the Central Government, pension scheme and crop insurance are paid automatically from the bank accounts of the needy families.

Notes:
State Bank of India (SBI) recently partnered with the mobile phone manufacturer Realme, to offer credit facilities. The partnership is made under the bank’s electronic lending product- Electronic Dealer Financing Scheme (e-DFS).
Under this MoU, the dealers and distributors of Realme would get access to credit facilities at low interest rates and minimum collateral. The inventory transactions could also be reported real-time, using the product.

Notes:
The ‘International Day of Women and Girls in Science’ is celebrated across the world on 11 February. The United Nations General Assembly adopted the resolution in 2015 and declared 11 February as the day of Women and Girls in Science. Since then, the day is celebrated annually.
The day is aimed to achieve complete gender equality and the empowerment of women and girls and to encourage more women to take up their career in Science, Technology, Engineering and Mathematics (STEM) field.