Current Affairs Quiz - August, 2020

Notes:
The Union Ministry of Corporate Affairs has released the ‘Report of the Committee on Business Responsibility Reporting (BRR)’.
The report has proposed a new Reporting Framework for companies to reporting of Non-Financial Parameters. The framework is called ‘Business Responsibility and Sustainability Report (BRSR)’. The BRSR is to be integrated with the MCA 21 portal. Also, the information captured through the framework would be used to develop “Business Responsibility-Sustainability Index”.

Notes:
One of India’s leading public transit organization – the Delhi Metro has proposed to upgrade its entire fare collection system which will enable the travellers to pay for the distance they have travelled using debit and credit cards.
The passengers need not recharge their smart cards for making payments at the Automatic Fare Collection Gates (AFC Gates). This move has been made by DMRC in order to promote digitalization of the fare collection system.

Notes:
The construction work of the Katra (Jammu and Kashmir) – Delhi Express Road Corridor is proposed to be completed in 3 years and will be operational by 2023. The express corridor would bring down the travel time from Katra to Delhi to around six and half hours.
One key feature of this road is that it will connect the holy cities of Katra and Amritsar, and other major religious shrines between the two destinations.

Notes:
The International Film Festival of India (IFFI) is an annual film festival held in Goa, every year in the month of November.
The Chief Minister of Goa Pramod Sawant has confirmed that the Film Festival will be held as per schedule in Goa between November 20 and 28, this year. This festival is organised by the Directorate of Film Festivals in association with the state government- owned Entertainment Society of Goa.

Notes:
Chinese smartphone giant Xiaomi announced that its arm MI India will distribute over 2,500 smartphones worth Rs 2 crore to Indian children, to support online education.
MI India will partner with Indian non-profit organisation ‘Teach for India’, to carry out the distribution process. The hand sets would be used in shifts to utilise the service effectively, to enable children access quality education.

Notes:
The Indian Prime Minister Narendra Modi has launched a new platform ‘Transparent Taxation – Honoring the Honest’.
The platform aims to ease the compliance and fast- track the refunds so that all honest taxpayers are benefitted. Three main features of the platform include faceless assessment, faceless appeal and tax payers’ charter.

Notes:
As per the recent announcement of the Indian Olympic Association (IOA), the INOX Group will be the official sponsor of the Indian team for the rescheduled Tokyo Olympics.
Due to the prevalent COVID-19 pandemic, the Tokyo Olympics was rescheduled to next year, from July 23 to August 8 in 2021. The Group will also support the team’s promotions through its entertainment company – INOX Leisure Limited that owns a multiplex chain across the country.

Notes:
According to a new report by Purely Diamonds, Ho Chi Minh City, the largest city of Vietnam is the cheapest city to rent in the world.
The report also revealed that New York is the most expensive city to rent, in the world. The Indian Capital, Delhi is the second cheapest city in the world. Delhi is followed by the capital of Tamil Nadu, Chennai. New York is followed by Los Angeles as the second most expensive city.

Notes:
ICGS SARTHAK – the new Offshore Patrol Vessel of Indian Coast Guard has been launched. The vessel is indigenously designed and built by Goa Shipyard Limited. It is the fourth vessel among the five series Offshore Patrol Vessel (OPV).
The new vessel is set to be deployed for Exclusive Economic Zone (EEZ) surveillance, Coastal Security and other duties related to search and rescue operations.

Notes:
Among all the Indian Prime Ministers, Narendra Modi has the longest tenure as head of elected government.
Including his term of more than 12 years as the Chief Minister of Gujarat, his total term as the head stands over 18 years and 300 days. He is also the longest-serving non-Congress prime minister of the country. The term as the head of Jawaharlal Nehru was over 16 years and that of Indira Gandhi was over 15 years.