Current Affairs Quiz - December, 2020

Notes:
The Central Government has decided to forego interest on eight specified categories of loans paid up to Rs two crore, on account of Covid-19 pandemic.
The Supreme Court of India has directed the government again to take steps to forego the interest in eight categories of loans, namely MSME, Education, Housing, Consumer durable, Credit card, Automobile, Personal and Consumption.

Notes:
As per the recent statement, India recorded the highest reduction in Malaria cases, in the South-East Asian region.
As per the ‘World Malaria Report 2020’, India reduced the number of cases from 20 million in 2000 to about 5.6 million in 2019. India also recorded a reduction in the number of deaths from malaria. Globally there were 229 malaria cases in 2019.

Notes:
British Racing Driver and World Champion Lewis Hamilton has clinched the Formula One Bahrain Grand Prix title.
Another French driver Romain Grosjean survived a horrific collision with a barrier on the opening lap. With this victory, Lewis Hamilton has won his 95th Formula one title. This is also his 11th victory of the season.

Notes:
Mount Semeru is an active volcano located in East Java, Indonesia. It is the highest mountain on the island of Java. This is also known as Mahameru, meaning ‘The Great Mountain’.
Recently, hot ash fell as far as 3,000 metres down the slopes of Mount Semeru. Earlier, Mount Ili Lewotolok of the country spew out hot clouds for 4,000 metres into the sky. The country’s disaster management team evacuated thousands of people.

Notes:
The festival named Dev Deepawali is celebrated in Indian city. This is a festival of lights and is celebrated in the Poornima day of the Karthik Month of Hindu calendar.
This year’s celebration is attended by the Prime Minister of India Narendra Modi. During the event, 11 lakh earthern lamps were lit on both sides of river Ganga.

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:
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:
In the first-of-its-kind study by the Zoological Survey of India (ZSI) under the Union Ministry of Environment, Forest and Climate Change, the Malayan Giant Squirrel is at the verge of extinction.
It has projected that the numbers of the Malayan Giant Squirrel could decline by 90 per cent in India by 2050. If steps are not taken by the Government, the species could become extinct in the country.

Notes:
Waqf Boards and Waqf Council is administered under the Ministry of Minority Affairs.
The central Waqf council has decided recently that the Waqf Boards will be set up in the Union Territories of Jammu and Kashmir and Ladakh, soon. This is the first time, Waqf Boards will be established in the J&K and Leh-Kargil areas of India.