Current Affairs Quiz - August, 2020

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:
Major technology company Microsoft has unveiled the latest edition of its Security Endpoint Threat Report 2019.
As per the report, India has been placed among the countries with the highest cryptocurrency mining encounters in the last year. India registered the seventh highest malware encounter rate in the past year and the third highest ransomware encounter rate across the Asia-Pacific region.

Notes:
In the month of May, the Union Finance Minister Nirmala Sitharaman had reduced EPF contribution by 4% for three months of May, June and July.
2% of employer’s contribution and 2% of employee’s contribution were reduced. This step was taken as a part of relief measures announced by the Government during the Covid-19 pandemic. From the month of August, the effective contribution will come back to the old deduction rate of 24%.

Notes:
Confederation of Indian Industries (CII) organised the “National Digital conference on Ease of Doing Business for Atmanirbhar Bharat”.
Union Commerce Minister Piyush Goyal inaugurated the conference and said that the country is heading towards a complete digital eco-system. He also said that the government is aiming to cover the entire nation through optic fibres in the next two years.

Notes:
NITI Aayog’s Atal Innovation Mission (AIM) has recently launched an Incubator Capabilities enhancement program named ‘AIM iCREST’.
AIM has collaborated with Bill & Melinda Gates Foundation and Wadhwani Foundation for support and expertise in entrepreneurship and innovation. The program aims to support start-ups in knowledge transfer and reaching global markets.

Notes:
The Rajasthan state government is set to launch the ‘Indira Rasoi Yojana’ in urban areas of the state from August 20.
Under the scheme, the poor and needy people will get nutritious food for Rs 8. As many as 358 kitchens in 213 urban bodies will be made functional. The state government is to spend Rs 100 crore per year on this scheme.

Notes:
The state government of Andhra Pradesh signed an MoU with leading Multinational companies such as ITC, Procter and Gamble and Hindustan Unilever Limited.
The MoU seeks to conduct skill-based training programmes for women in rural areas of the state aged between 45-60 years. The state would also launch a scheme called YSR Cheyutha to provide financial assistance to women belonging to backward and scheduled communities.

Notes:
The United Nations Educational, Scientific and Cultural Organisation (UNESCO) has estimated that around 24 million children may drop out of their schools next year.
UNESCO released a policy brief on the Covid-19 pandemic’s impact on education. It also estimated that the educational financing gap is also likely to increase by one third. Girls and young women are likely more vulnerable to child marriage, early pregnancy and gender-based violence.

Notes:
The Ministry of Petroleum and Natural Gas has recently revised the guidelines to be eligible for obtaining the liberalised licence to sell petrol and diesel to retail and bulk consumers.
As per the new guidelines, a net worth of at least Rs 500 crore at the time of application is eligible for selling both bulk and retail. The net worth of Rs 250 crore can get a license for either retail or bulk selling. The simplified guidelines aim to increase private sector participation in the marketing of petrol and diesel.