Current Affairs Quiz - August, 2020

Notes:
India’s leading credit rating agency ICRA Ltd has appointed N Sivaraman as the Managing Director and Group Chief Executive Officer.
The appointment has been made for three years with effect from August 10. His tenure may also be extended for two more years. He had held senior positions in L&T Finance Holdings and he has served as the Chief Operating Officer at IL&FS till July 31, 2020.

Notes:
The Union Government has extended the deadline for filing income tax returns for 2018-19 fiscal by two months till September 30.
The reason for the extension is constraints due to the Covid-19 induced lockdown. The Central Board of Direct Taxes has extended the deadline for the third time to September 30. Earlier it was postponed from March 31 to June 30 and then to July 31.

Notes:
The Indo-Tibetan Border Police (ITBP) signed a deal with the Khadi and Village Industries Commission (KVIC) to procure products for its personnel.
ITBP became the first Central Armed Police Force to sign such an agreement with KVIC to procure a rande of khadi goods for around 10 lakh personnel. Earlier, the Home Ministry announced that CAPF canteens will only sell local-made products.

Notes:
Union Minister for Road Transport, Highways Nitin Gadkari inaugurated the upstream lane of Mahatma Gandhi bridge, through video conference.
The 5.5 km four lane bridge is built over river Ganga connecting Patna and Hajipur of Bihar. The reconstruction work of this bridge started in the year 2017 and the cost outlay is Rs 1742 crore. The downstream lane of the bridge is to be completed by 2021. The concrete structure of the old bridge will be replaced by new steel deck.

Notes:
Large companies with turnover of over Rs 500 crore are mandated to submit sales invoices electronically.
This has been notified by the Government under the Goods and Services tax (GST) regime. As per the notification released, Units in special economic zones have been exempt from complying with e-invoicing. Earlier, the limit of turnover was Rs 100 crore.

Notes:
‘Samarth’ is an initiative of E-Commerce major Flipkart, to help artisans of India that was launched last year.
Under the programme, Walmart-owned Flipkart had partnered with five non-governmental organisations (NGOs) to help local artisans in using the online marketplace to sell their products. Flipkart recently announced that under ‘Samarth’, it has supported 6 lakh artisans to reach around 200 million customers.

Notes:
Ministry of Micro Small and Medium Enterprises (MSME) has recently approved a programme for artisans who make Agarbatti.
The programme aims to develop village industry under ‘Gramodyog Vikas Yojana’. Under the programme, four pilot projects will be started that includes one in the North Eastern part of the country. Each cluster of artisans will be provided with automatic Agarbatti making machines.

Notes:
The Union Government has provisionally granted permission for the Indian Premier League’s (IPL) 2020 edition to be scheduled in the United Arab Emirates (UAE).
Due to the Covid-19 outbreak, the IPL governing council had earlier postponed the tournament. It is to be held from September 19 to November 10 across Dubai, Abu Dhabi and Sharjah, after the final clearances from the Indian government.

Notes:
British racing driver Lewis Hamilton has recently won the British Grand Prix tournament, to clinch his 87th career victory.
Red Bull’s Max Verstappen came second and is followed by Charles Leclerc who finished third for Ferrari. Due to a technical glitch, Valtteri Bottas had to come back for a tire change and he could get only 11th spot. Four-time F1 champion Sebastian Vettel was placed 10th.

Notes:
Hyderabad has been ranked 16th among the ‘Top 20 Most Surveilled Cities globally’, according to a report published by Comparitech.
In the survey conducted by the UK-based firm, Hyderabad topped the country with its 3 lakh CCTV cameras to organise surveillance operations in a city of over 1 crore. The Taiyum city of China was ranked at the top spot with 4.65 lakh CCTV cameras.