Current Affairs Quiz - July, 2020

Notes:
As per the recent data from the Reserve Bank of India (RBI), Tamil Nadu has topped market borrowings among states in the country during 2020-21.
Tamil Nadu has raised Rs 30500 crores so far, which is approximately 17% of the borrowings made through issuing bonds. Maharashtra has raised Rs 25000 crores, which is 14% of the borrowings. The state of Tamil Nadu is expected to sustain a revenue shortfall of Rs 12,000- Rs 13,000 crore in a month, due to the effect of lock-down.

Notes:
The Kuaizhou-11 carrier rocket, that was launched by China, has recently suffered a failure during its maiden flight.
Kuaizhou means ‘fast ship’ in Chinese. It is a low-cost solid-fuelled carrier rocket, that was designed to launch low-Earth orbit satellites. A malfunction occurred during the flight though the exact reason for the failure is not yet known.

Notes:
Russia has become the first nation to complete clinical trials of a Covid-19 vaccine on humans, in a major step towards the vaccine.
Sechenov First Moscow State Medical University has successfully completed the clinical trails of the vaccine, produced by the Gamalei Institute of Epidemiology and Microbiology, Russia. As per the WHO, there are as many as 21 vaccines under key trials across the world.

Notes:
TDS is deductible at the rate of 2 % if cash withdrawal of above 1 crore made by a person who is an income-tax payee. While, TDS is deductible at the rate 2 % if cash withdrawal exceeds 20 lakh rupees and at the rate of 5 % if it exceeds one crore rupees, if made by a non-income-tax filer.
The Central Board of Direct Taxes (CBDT) has launched a new tool, through which Banks and Post offices can determine the TDS rates on cash withdrawals, by entering their PAN number.

Notes:
The state of Andhra Pradesh has rolled out an initiative of online registration of crops named e-Crop.
The state’s Revenue and Agriculture Department officials will jointly register crops online. At village level, village revenue officers and the village agriculture assistants will register the names of the farmers, details of their land, bank account and about his crops cultivated.

Notes:
Reliance Industries Ltd (RIL) became the first Indian company to hit a market capitalisation of Rs 12 lakh crore.
In less than a month, the company has added over a market capitalisation of Rs 1 lakh crore, to stand at Rs 12.24 lakh crore. Since April, the company witnessed investments from 12 global investors. Recently, the wireless technology leader Qualcomm invested Rs 730 crores in Jio platforms.

Notes:
Confederation of Indian Industry (CII) has recently announced that Kunal Bahl has assumed charge as the Chairman of its e-commerce committee for the year 2020-21.
Kunal Bahl is the Co-founder & CEO of popular e-Commerce firm Snapdeal. The agenda of the committee is the upcoming e-commerce policy, consumer protection rules and promotion of exports through e-commerce.

Notes:
The Bombay Stock Exchange (BSE) has recently signed a Memorandum of Understanding (MoU) with IIT Alumni Council to encourage listing of start-ups.
IIT Alumni Council is the largest body of alumni, students and faculty across all the 23 IITs. The partnership aims at developing confidence among investors in the start-up’s platform. This will also ensure a complete ecosystem for the proposed social stock exchange.

Notes:
The historic Sree Padmanabhaswamy Temple located at Thiruvananthapuram in Kerala, has been in dispute over its management. It is considered as one of the richest temples in the country.
The Supreme Court of India has recently upholded the rights of Travancore royal family in the administration of the temple. This dispute has been pending in the Supreme Court for the past nine years after charges of financial irregularities. The Travancore Royal house had ruled southern Kerala and some parts of Tamil Nadu.

Notes:
Andhra Pradesh state government officials along with Non-Governmental Organizations (NGOs) launched ‘Operation Muskaan’ in the state.
This week-long drive aims to trace the missing children, prevent child labour and bonded labour, and rescue children engaged in domestic works. Hundreds of children are being rescued in the drive and are united with parents or provided with shelters.