Current Affairs Quiz - August, 2020

Notes:
China has recently claimed that the Diaoyu islands are Chinese territory and it has the right to conduct law enforcement activities in the area.
The Chinese foreign ministry spokesperson Wang Wenbin denied the criticism of the U.S. of incursions of China. The islands located in the East China sea has also been claimed by Japan for several year. Japan calls the territory as Senkaku and China calls as Diaoyu.

Notes:
The US House of Representatives has recently passed a legislation to promote the legacies of Gandhi, Martin Luther King Jr.
The bill seeks to set up an educational forum and an exchange programme for Indian and American students to study about the two great leaders. It also seeks to develop a professional development training initiative based on the principles of non-violence.

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 Parliament of Turkey approved a new legislation that gives its authorities more power to regulate social media content.
As per the law, major social media companies such as Facebook and Twitter will have to keep representative offices and also would store user data in Turkey. The government said this law will combat cyber-crime and protect users and Authorities can remove cyber bullying posts.

Notes:
Muslim Women’s Rights Day is being observed on July 31, to commemorate the first anniversary of the passage of law against instant Triple Talaq.
On the same day in 2019, the Union Government passed the Muslim Women (Protection of Rights on Marriage) Act that prohibits the practice of instant divorce. As per the law, any violation of the law is punishable by jail term of up to three years. The Supreme Court of India declared this practice as unconstitutional.

Notes:
The 15th Finance Commission had set up an eight-member High-Level Group on Agricultural Exports headed by the Chairman of ITC, Sanjiv Puri.
It was set up to recommend performance incentives for States to encourage agricultural exports. The group has recently submitted the report that recommended a State-led Export Plan for a crop Value chain cluster (VCC). It also suggested to focus on 22 crop value chains.

Notes:
The Asian Development Bank (ADB) has signed a USD 200 million deal with the Reliance Bangladesh LNG and Power Limited (RBLPL).
Under the deal, Reliance power would build and operate a 718-megawatt combined-cycle power plant in Bangladesh. USD 100 million would be provided by the ADB while the other 100 million would be sourced from the Leading Asia’s Private Infrastructure Fund (LEAP) of Japan International Cooperation Agency.

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:
The United Arab Emirates has successfully commenced operation of the Arab world’s first commercial nuclear power plant.
The Barakah reactor is located in the oil-rich city of the UAE, Abu Dhabi. With the commission, the UAE joins the group of 30 countries that can generate nuclear energy. It is built and run by a joint venture with Korea Electric Power Corporation.

Notes:
The United States astronauts Bob Behnken and Doug Hurley, who flew to the International Space Station in SpaceX’s new Crew Dragon, landed back on the Earth.
The astronauts splashed down aboard Crew Dragon ‘Endeavor’ in the Gulf of Mexico after a 64-day voyage in space. This is NASA’s first crewed mission from American soil in nine years. This splash down is the first of its kind by NASA in 45 years.