Current Affairs Quiz - December, 2020

Notes:
Dubbed as the “world’s loneliest elephant”, the 36-year-old bull elephant at Islamabad zoo has been shifted to a Cambodian sanctuary.
This step is taken after years of outcry of public and activists and recent campaigning by American pop star Cher. Kaavan is the only Asian elephant in Pakistan, where the elephants at other zoos are African. Kaavan’s mate Saheli, who arrived from Sri Lanka, died in the year 2012.

Notes:
Avian Influenza, commonly called as the Bird flu, has been detected in a fourth region in Japan. This can be the country’s worst outbreak in over 4 years.
Avian influenza was discovered at a poultry farm in Hyuga city in Honshu island in southwestern Japan. However, the country announced that there is no possibility that humans will contract bird flu from eating poultry or eggs. It has also decided to cull over 1.8 million chickens.

Notes:
The Government of Singapore has allowed a US-based start up to sell lab grown chicken meat in the country.
The meat is generated from animal tissues in laboratories. This is the world’s first regulatory approval for lab-grown meat also called as cultured meat. Its production cost is higher compared to the original meat.

Notes:
The United States has issued an order to ban the cotton and cotton products from the Xinjiang Production and Construction Corps (XPCC), one of the largest producers of China.
The U.S. Customs and Border Protection agency issued “Withhold Release Order” to increase economic pressure on the Xinjiang region. US cites the reason for the ban as ‘slave labour’ of detained Uighur Muslims used by China.

Notes:
The Reserve Bank of India (RBI) has recently directed HDFC Bank to temporarily halt all its digital launches and new sourcing of credit card customers.
The country’s largest private sector lender has been asked to stop the digital launches as the bank had faced technical glitches in the past two years. RBI also asked the bank’s board to examine the lapses and fix accountability.

Notes:
CLMV countries are Cambodia, Laos, Myanmar and Vietnam. They are also the members of the Association of South East Nations (ASEAN).
During the Inaugural Session of the 6th India – CLMV Business Conclave 2020, India invited the CLMV countries to join the International Solar Alliance and the Resilient Supply Chain Initiative by India.

Notes:
During the India-Oman virtual dialogue recently held, Oman announced to establish first-of-its-kind Oman-India Friendship Association.
This is the first such initiative in West Asia led by the Foreign Ministry. In December 2019, India and Oman signed a Maritime Transport Agreement during the visit of Foreign Minister Jaishankar to the country.

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 famous stone chariot in front of the Vijaya Vittala Temple in the UNESCO World Heritage site of Hampi, has been covered by a protective ring by the Archaeological Survey of India (ASI).
This chariot is among three famous stone chariots in India while the other two are in Konark, Odisha, and Mahabalipuram, Tamil Nadu. Hampi chariot, was built during the dynasty of Vijayanagara rulers who ruled from 14th to 17th century CE.

Notes:
The Central Government has launched the Quarterly Return filing & Monthly Payment of Taxes (QRMP) scheme for small taxpayers under GST system.
Under the scheme, taxpayers with aggregate annual turnover of up to Rs 5 crore in the previous financial year are eligible for this scheme. Those tax-payers should also have filed their October GSTR-3B (sales) return by November 30, 2020.