Current Affairs Quiz - April, 2021

Notes:
The Union Minister of Finance has notified that business entities with turnover of more than Rs 5 crore will have to furnish six-digit HSN – Harmonised System of Nomenclature on the invoices issued for supplies.
HSN is an internationally standardized system of names and numbers to classify traded products which came into effect in 1988.

Notes:
As per a recent release by FIS (leading provider of financial technology solutions to banks and merchants), the number of real-time financial transactions in India has grown to 41 million transactions per day. This number is more than double that of the last year.
In terms of growth rate of real time financial transactions, the list is topped by Bahrain with 657% growth.

Notes:
The World Trade Organisation (WTO) has revised its global merchandise trade volume growth in 2021 and 2022 to 8 per cent and 4 percent respectively.
Earlier in October 2020, WTO has predicted 7.2 per cent growth. The slow down of 4 per cent in 2022 is due to the continued effects of pandemic. The report also highlighted that much of global import demand will be met by Asia.

Notes:
The Union Minister of Health and Family Welfare – Dr Harsh Vardhan has launched the Integrated Health Information Platform (IHIP) in a virtual mode, recently.
This platform is capable of tracking 33 diseases as compared to 18 diseases in the earlier version of the platform. The new version of IHIP will house the data entry and management for India’s disease surveillance program.

Notes:
The latest edition of the International Monetary Fund’s (IMF) World Economic Outlook was released recently.
It has raised India’s growth projection to 12.5 per cent for FY22 which made the country rank highest among all countries including both the emerging and advanced economies. This year, the country is expected to contract by 8 per cent.

Notes:
“IH2A” stands for India H2 Alliance. Major global players in energy and industry have come together to form a new energy transition coalition, the India H2 Alliance (IH2A).
This coalition is focused on commercialising hydrogen technologies in India to make it a net zero carbon emitter. It will work to build a hydrogen economy and supply chain in India.

Notes:
The Union Minister for Agriculture and Farmers’ Welfare Narendra Singh Tomar has launched the Madhukranti portal developed by the National Agricultural Cooperative Marketing Federation, NAFED at New Delhi.
This is an online registration platform to achieve a traceability source of Honey and bring various bee hive products on a digital platform.

Notes:
‘Civil defence personnel’ are commonly found in Delhi. They work under the District magistrates and are governed by the Civil Defence Act, 1968.
Recently, the Delhi Police issued a statement that civil defence personnel, also known as Delhi Civil Defence (DCD) volunteers, have no power to persecute people for violation of Covid-19 appropriate behaviour.

Notes:
The fossil of a skunk-like mammal that lived during the age of dinosaurs has been discovered in Patagonia region of Chile, South America.
Named as “Orretherium tzen” meaning ‘Beast of Five Teeth’, it is claimed to have lived lived between 72 and 74 million years ago. It is said to have been a herbivore and said to have lived in South America at the end of the Mesozoic era.

Notes:
A group of archaeologists has recently found the largest ancient city ever discovered in Egypt. The city is named “The Rise of Aten”, which dates back to 3,000 years.
It was discovered under the sand on the western bank of Luxor, and dates to the reign of King Amenhotep III, who ruled Egypt between 1391 and 1353 BCE. The city was the largest administrative and industrial settlement in the period of the Egyptian empire.