Current Affairs Quiz - July, 2020

Notes:
Major e-commerce marketplace Flipkart has recently signed an MoU with Karnataka MSME and Mines department to promote the states arts, crafts and handloom sectors, under the Flipkart Samarth programme
Under the partnership, local artisans and craftsmen of Karnataka are given a digital platform to exhibit their products in the e-commerce platform. They are given a broad market base by this partnership.

Notes:
The ‘World Population Day’ is observed across the world, on July 11 every year. The day was first celebrated in the year 1990.
Inspired by the awareness created by ‘Five Billion Day’ on the same day in 1987 when the world’s population reached 5 billion, UNDP recommended the observance of Population Day on July 11. “Putting the brakes on COVID-19: how to safeguard the health and rights of women and girls now” is the theme of the campaign for 2020.

Notes:
India has become the second largest source of foreign direct investment (FDI) for the United Kingdom in 2019.
As per the UK government figures recently released, India is up from its third position in 2018 and it is second only to the United States. India has invested in 120 projects and created above 5000 new jobs in the UK. India is followed by Germany, France and China.

Notes:
The incumbent Prime Minister of Singapore, Lee Hsien Loong’s People’s Action Party has retained its power in the recently held general elections.
The ruling party has been in power in Singapore since 1965. This time it has won 83 of 93 parliamentary seats, which implies 61.2 per cent of the vote. In a surprise move, the opposition Workers’ Party made their best performance by securing a record 10 seats, for the first time.

Notes:
‘India Cycles4Change Challenge’ is a new initiative of the Union Ministry of Housing and Urban Affairs, under its Smart Cities Mission.
The Ministry has recently opened the registration for the Challenge, which was originally launched on June 25, 2020. All cities under the Smart Cities Mission, capital cities of States/UTs and all cities with above 5 lakh population can apply through the newly launched portal and provide quick solutions for promoting cycling.

Notes:
The Indian Railways has recently transported Andhra Pradesh dry chillies in special Parcel train to Bangladesh.
The special train has been operated beyond the country borders, for the first time to Benapole town in Bangladesh. Earlier, farmers and merchants in Guntur, Andhra Pradesh were transporting dry chillies by road to Bangladesh, which was an expensive process.

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 internet regulator of China, Cyberspace Administration of China has announced that it has launched a two-month nation-wide campaign to clean up websites aimed at users under the age of 18.
Earlier, China has imposed limits on online play time for young users after gaming addiction was rising among children. As per the watchdog, the aim of this campaign was to promote a healthy online environment.

Notes:
NITI Aayog has estimated that India needs 6.2% additional spending of GDP to achieve 2030 Sustainable Development Goals.
The country’s think tank said this in its second Voluntary National Review (VNR) at the UN high-level political forum (HLPF) on sustainable development, 2020. India needs to upgrade its statistical system, improve its monitoring mechanism and capacity building of all stakeholders. It also advised that the Budget should be aligned with SDGs.

Notes:
The CEO of Google Sundar Pichai has recently announced the launch USD 10 billion ‘India Digitization Fund’.
This was announced at the ‘Google for India’ virtual live-stream event, which focused on accelerating India’s digital economy. Through this initiative, Google will invest about Rs 75000 Crores in India over the next 5 to 7 years. The fund will focus on enabling affordable access and information to every Indian.