Current Affairs Quiz - July, 2020

Notes:
Veteran journalist cum political commentator Nagindas Sanghvi has recently passed away, at the age of 100.
He was a popular personality in Gujarati literature as a critic and political commentator. Nagindas Sanghvi was conferred with Padma Shri by the Indian government in the year 2019. Prime Minister Narendra Modi and Chief Minster Vijay Rupani condoled the demise of the journalist.

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:
India’s oldest apex industry body Federation of Indian Chambers of Commerce & Industry (FICCI) has projected India’s annual median GDP growth for 2020-21 at -4.5%.
This has been projected in the association’s Economic Outlook Survey in the SBI Banking and Economics Conclave. It had previously predicted India’s growth rate to be 5.5 per cent in the January 2020 survey. In the conclave, RBI Governor said that Indian economy has started showing signs of getting back to normalcy.

Notes:
India and Iran partnered to construct a rail line from Chabahar port to Zahedan, along the border with Afghanistan, four years ago.
Recently, Iran decided to proceed without India’s assistance and its Transport Minister has inaugurated the track-laying process for the Chabahar-Zahedan line. Recently, China finalised a 25 year-USD 400 billion strategic deal with Iran.

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 United Nations has recently released a report titled ‘the State of Food Security and Nutrition in the World’, prepared jointly by FAO, UNICEF, IFAD and WFP.
As per the report, the number of undernourished people in India has fell down from 249.4 million in 2004-06 to 189.2 million in 2017-19. There was a rise in obesity level in India, as per the report. India and China are the only Asian countries that reported a reduction in number of undernourished people.

Notes:
The Chairman of Reliance Industries, Mukesh Ambani has recently become the world’s sixth-richest person, as per the Bloomberg Billionaires Index.
Mukesh Ambani has recently crossed SpaceX founder Elon Musk and Alphabet co-founders Sergey Brin and Larry Page, to reach this position. Last week, he had surpassed Warren Buffet. The wealth of Mukesh Ambani is now worth USD 72.4 billion.

Notes:
The Kochi International Container Trans-shipment Terminal is locally known as the Vallarpadam Terminal is located in the Kochin port, Kerala. It is claimed to be the first trans-shipment port of India.
Union Shipping Minister Mansukh Mandaviya has recently reviewed the development activities at the Terminal. A terminal at the port, which handles containers, stores them and transfers them to other ships for further movement, is called as Trans-shipment Hub.

Notes:
Minister of State for Defence Shripad Naik recently inaugurated the 5th edition of the Conference on Aerospace and Defence Manufacturing Technologies.
The webinar was jointly organised by Tamil Nadu Technology Development & Promotion Centre (TNTDPC), Society of Indian Defence Manufacturers (SIDM), and the Confederation of Indian Industry (CII). The theme of the conference is Empowering India with ‘Aatma Nirbhar Bharat Mission’.

Notes:
Cochin Shipyard Limited has signed a contract for construction and supply of two autonomous electric ferries for ASKO Maritime AS, Norway.
This firm is a subsidiary of NorgesGruppen ASA, one of the major players in the Norwegian retail market. The project is partially funded by the Norwegian government and aimed at emission-free transport of goods. The 67-metre-long vessels will be delivered as a full-electric transport ferry, initially. The Ship yard is also building 23 hybrid electric boats for the Kochi Water Metro.