Current Affairs Quiz - December, 2020

Notes:
The Indian Navy has taken two MQ-9B Sea Guardian drones from an American defence company, on lease for 1 year.
The unmanned aerial vehicles, manufactured by US firm General Atomics, have been obtained on lease, to enhance surveillance over the Indian Ocean Region (IOR). The vehicles arrived at the naval air station INS Rajali in Tamil Nadu.

Notes:
The Asian Development Bank (ADB) and the Government of India has recently signed a USD132.8 million loan to modernize the distribution network and improve the quality of power supplied in Meghalaya.
This project supports the state government’s initiative “24×7 Power for All” initiative. This will also help the state reduce its high technical and commercial losses. Meghalaya has achieved 100 per cent electrification while there were incidents of frequent power interruptions.

Notes:
State Bank of India has partnered with National Payments Corporation of India (NPCI) and Japan’s JCB International Co to launch new ‘SBI RuPay JCB Platinum Contactless Debit Card’.
This card has a dual interface feature, under which customers can use it for both contact and contactless transactions, both in the domestic market as well as overseas. The card has been launched on the RuPay network.

Notes:
The recent spread of Leaf Fall Disease in rubber plantations of Thailand has been a cause of worry to Indian Plantations.
In November, the total affected area of rubber plantation of Thailand was 90,000 ha and there is a potential production loss of 1.30 lakh tons of rubber. It has been cited by Rubber Board officials that the disease has the potential to spread to India.

Notes:
The Asian Development Bank (ADB) has approved a USD 430 million multi-tranche financing facility (MFF) to improve Power Distribution Network of Uttar Pradesh.
Named as the ‘Uttar Pradesh Power Distribution Network Rehabilitation Project’, it aims to improve the quality of electricity supply in the state. The project is estimated to benefit around 70 million people in 46,000 rural villages.

Notes:
The Central Board of Indirect Taxes and Customs (CBIC) has mandated to mention the 8- digit HSN code or tariff code for 49 chemical-based products.
The HSN (Harmonised System of Nomenclature) code should be mentioned while issuing the Goods and Services Tax (GST) invoice. At present, businesses mention up to 4-digit tariff code, while issuing invoice. This new direction is expected to curb tax evasion.

Notes:
As per the provisional 2020 State of the Global Climate report released by U.N.’s World Meteorological Organization (WMO), the last 6 years from 2015 to 2020 are the hottest years on record.
The report has stated that the average global temperature in 2020 would be 1.2 degrees Celsius above the pre-industrial level

Notes:
The Supreme court on Thursday upheld that the Goods and Service Tax (GST) shall be imposed on the sale of lotteries, betting and gambling.
The Bench also highlighted that the GST Act, 2017 defines the goods to include ‘actionable claims’ and included only three categories of such claims namely lottery, betting and gambling, to levy GST. Actionable claim is the claim for a debt related to any benefit from unpossessed movable property and for which relief can be claimed in civil court.

Notes:
Recently, the state Government of Jharkhand has accepted the Union Government’s alternative offer to meet the GST compensation shortfall for States. By this, all states and 3 UTs have joined the option 1.
To compensate the shortfall in GST, the central government has proposed two options – First, States can borrow ₹1.1 lakh crore out of the estimated ₹ 2.35 lakh crore shortfall or second, states could borrow the entire compensation shortfall through the issue of market debt.

Notes:
The 3D-object creation platform named “Poly” is operated by the Technology company Google.
Google has proposed to shut down the poly platform from next year, since its service will expire in June 2020. From then on, users will not be able to upload 3D models on the platform.