Current Affairs Quiz - July, 2020

Notes:
The Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) has signed a Memorandum of Understanding (MoU), for mutual data exchange.
Both the organisations will share the required information available in their respective databases on an automatic and regular basis. Moreover, a Data Exchange Steering Group has been constituted for the initiative, that will review of data exchange status.

Notes:
The Union Defence Minister of India Rajnath Singh has inaugurated six major bridges in the Union Territory of Jammu & Kashmir, through video conferencing.
The bridges are located near the International Border (IB) and Line of Control (LoC) in Jammu and Kashmir. These strategically important bridges were completed by the Border Roads Organisation (BRO) in a record time.

Notes:
A commercial communication satellite named ‘APStar-6D’ has been recently launched by China Great Wall Industry Corporation (CGWIC).
It is developed by the China Academy of Space Technology and was launched using the variant of the country’s Long March rocket. This new satellite can provide a communication capacity of at least 50Gbps, as per sources.

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:
England’s present skipper Ben Stokes recently became the second-fastest all-rounder to reach 4000 runs and 150 wickets in test matches.
The 29-year-old all-rounder is only after the West Indies legend Gary Sobers, who achieved the feat in 63 tests, while Stokes reached the milestone in 64 tests. He achieved this during the third day of the first Test match held between England and West Indies at the Ageas Bowl.

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 Union Human Resource Development Minister Ramesh Pokhriyal Nishank launched a low-cost Covid-19 test developed by Indian Institute of Technology Delhi (IIT) Delhi.
The test kit named ‘Corosure’, has been claimed as the world’s most affordable probe free RT-PCR based Covid-19 diagnostic kit. It uses an alternative method of testing samples and costs approximately Rs 650 per kit.

Notes:
Indian Institute of Technology (IIT) Madras-incubated start-up named Modulus Housing has developed a portable hospital unit.
The foldable unit called ‘MediCAB’ can be installed by four people anywhere within two hours. ‘MediCAB’ was launched recently in Wayanad District, Kerala to treat Covid-19 patients. The start-up was founded by two IIT alumni in 2008 and it is in the process of developing micro hospitals.

Notes:
Prime Minister of India Narendra Modi has recently crossed six crore followers on micro-blogging platform Twitter.
The Prime Minister joined Twitter in the year 2009 and his handle is following 2,354 accounts. The Twitter handle of the Prime Minister’s Office (PMO) has 3.7 crore followers. US President Donald Trump has over 8.3 crore followers on Twitter.

Notes:
Formula One champion Lewis Hamilton has won the Hungarian Grand Prix held at Budapest, Hungary.
British Driver Lewis Hamilton has clinched his 86th Grand Prix tournament. He is just five victories behind the legendary driver Michael Schumacher, who had won 91 races. Lewis Hamilton won this tournament for the eighth time and equalled Michael Schumacher’s single-venue record.