Current Affairs Quiz - July, 2020

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 Chairperson of the Indian Space Research Organisation, Dr Kailasavadivoo Sivan has been named as the recipient of the 2020 Von Karman Award.
The award was constituted by the International Academy of Astronautics (IAA) and will be conferred in March 2021 in Paris. It is named after the aerospace engineer and aerodynamics expert Theodore von Karman. K Sivan is only the third Indian to receive this award after Kasturirangan and U.R. Rao.

Notes:
Union Minister Nitin Gadkari has recently inaugurated and laid foundation stones of 11 highway projects in Haryana worth over 20,000 crore rupees.
These projects are part of the new Economic corridors in the state, which includes the Ambala Kotputli corridor among others. The projects will provide better connectivity to neighbouring states such as Rajasthan, Delhi, Uttar Pradesh and Punjab.

Notes:
The Prime Minister of the United Kingdom Boris Johnson announced that the country is set to ban Chinese technology giant Huawei from the country’s 5G network.
This news has been announced amidst the rising tensions between the United States and China. The UK’s move is aligned towards supporting the US, in limiting the expansion of global telecom leader Huawei’s expansion in the west. The process will be completed by 2027.

Notes:
France celebrates its national day Fête nationale also called as Bastille Day every year on July 14. It commemorates the storming of the Bastille fortress on July 14, 1789, which was a turning point in the French Revolution.
Due to the Covid-19 pandemic crisis, the country celebrated a downsized ceremony, as the historic annual military parade was called off, for the first time since 1945. Only half of the soldiers gathered at the Place de la Concorde.

Notes:
The ‘World Youth Skills Day’ is celebrated across the world on July 15 every year, across the world. The United Nations General Assembly declared the day in the year 2014.
It highlights the importance of training young people with skills for decent employment and entrepreneurship. As per the announcement from the United Nations, several virtual events focussing on the theme of “Skills for a Resilient Youth” will take place, to mark the day. Skill India Mission was launched on the same day, five years ago.

Notes:
The United Nations Economic and Social Council (ECOSOC) is one of the six principal organs of the United Nations, headquartered at New York.
The High-Level Segment of UN ECOSOC (United Nations Economic and Social Council) is to be held on July 17 in New York in the theme of “Multilateralism after COVID19: What kind of UN do we need at the 75th anniversary”. Indian Prime Minister Narendra Modi is to address the valedictory session.

Notes:
The 15th summit between the India and the European Union was held recently through a virtual mode. India was represented by Prime Minister Narendra Modi.
The EU was represented by Ursula von der Leyen, President of the European Commission and Charles Michel, President of the European Council. The leaders adopted the “India-EU Strategic Partnership: A Roadmap to 2025”, a strategic guide for mutual cooperation, over the next five years.

Notes:
National Bank for Agriculture and Rural Development (NABARD) has launched development projects worth Rs 44 lakhs in Andaman and Nicobar Islands.
The projects include the formation and development of Self-Help Groups (SHGs). The SHG members are provided training and skill development to promote rural entrepreneurship in Mushroom Cultivation and Bamboo Handicrafts making etc. An annual Micro-Entrepreneurship Development Programme will also be organised by NABARD in the UT.

Notes:
The Chairman of the Railway Board VK Yadav has recently announced that the Government has deferred the timeline for introducing private trains to March 2024.
Earlier, the timeline was fixed at April 2023. It has deferred because the major infrastructure upgradation of the railway network is expected to be completed only in the year 2024. The Board also said that North Eastern state capitals will be connected via rail network by 2023.