Current Affairs Quiz - March, 2020

Notes:
The Stockholm International Peace Research Institute (SIPRI) recently released its annual “Trends in international arms transfers 2019” report.
As per the report, India retained its rank as the world’s second largest arms importer during 2015-19. The five largest arms importers during the five-year period were Saudi Arabia, India, Egypt, Australia and China, which was 36% of all arms imports together. Russia remaining the largest supplier of arms.

Notes:
The High Court of Bangladesh has recently ruled that ‘Joy Bangla’ will be the national slogan of Bangladesh. The Court also asked the authorities to take appropriate steps to make all the people in constitutional posts, state officials, teachers and students use ‘Joy Bangla’.
The Court has asked the government to submit the compliance report within three months. ‘Joy Bangla’ was the main slogan during the liberation war of Bangladesh fought against Pakistan in 1971.

Notes:
Veteran Bengali actor Santu Mukhopadhyay recently passed away of cardiac arrest at Kolkata. He was known for his roles in Bengali films such as ‘Sansar Simante’ and ‘Bhalobasa Bhalobasa’.
The actor has performed in several memorable films and his acting career spanned a period of over four decades. He was born in 1951 in Kolkata and his debut movie was ‘Raja’ in the year 1975. The actor also featured in television serial shows and advertisements.

Notes:
The Reserve Bank on Friday issued regulatory guidelines for implementation of Indian Accounting Standards (Ind AS) by Non-banking financial companies (NBFCs) and Asset reconstruction companies (ARCs) when they prepare their financial results from FY20.
Indian Accounting Standards is the Accounting standard adopted by companies in India and they are issued under the supervision of Accounting Standards Board (ASB). The Ind AS have been formulated to converge our standards with International Financial Reporting Standards (IFRS)

Notes:
Chief Minister of Manipur N Biren Singh recently launched two new schemes named “Chief Ministers Akhannaba Sanaroisingi Tengbang (CMAST)” and “Chief Ministergi Artiste Singgi Tengbang (CMAT)” with an outlay of Rs 7.36 crore and Rs.5.7 crore respectively.
The CMAST scheme aims to provide suitable government job to sportspersons who win medals in international events. Incentive to local clubs, cash awards to medal winners, assistance for purchasing sports items are also included. CMAT scheme aims to support artistes in performing arts, literary arts and visual arts.

Notes:
The city of Kishangarh in Ajmer district of Rajasthan is called the ‘Marble city of India’. Recently the Ministry of Civil Aviation (MoCA) today flagged off the first-ever thrice-weekly flight from Indore to Kishangarh, under the RCS-UDAN scheme.
Star Air has been awarded the Indore-Kishangarh route during the UDAN 3 bidding process. With this route, the Civil Aviation Ministry has operationalised 268 routes under the UDAN scheme.

Notes:
The United Kingdom recently announced that it will start charging a 2% tax on digital services from 1st April this year.
The tax is to be imposed on revenue from digital services such as search and advertising. This tax will apply to firms with global sales of more than £500 million with at least £25 million from UK users. This decision of the government has been facing continuous opposition from the US government and top technological firms.

Notes:
A bill that seeks to convert three existing regulatory bodies under the Civil Aviation Ministry into statutory bodies was passed by Lok Sabha. The Aircraft (Amendment) Bill, 2020 was passed by a voice vote and the bill seeks to amend Aircraft Act, 1934.
The regulatory institutions, which are mentioned in the bill are DGCA (Directorate General of Civil Aviation), BCAS (Bureau of Civil Aviation Security) and AAIB (Aircraft Accident Investigation Bureau).

Notes:
The scientists at Himachal Pradesh based Council of Scientific & Industrial Research -Institute of Himalayan Bioresource Technology (CSIR-IHBT) have developed a chemical-free hand sanitiser in India.
Due to the increasing demand for sanitisers amid the corona virus scare, many companies manufacture fake products. Hence the Scientists have developed this product with the natural constituents and alcohol content as per the guidelines of the World Health Organisation (WHO). Another firm is to commercially produce this sanitiser as per a new agreement.

Notes:
Famous Marathi actor Jairam Kulkarni recently passed away in Pune at the age of 88. His last movie was ‘Khel Aayushyacha’, which was released recently.
Jairam Kulkarni had acted in more than 150 films, which includes several critically acclaimed films. Before starting his career as an actor, Kulkarni had worked in Akashwani.