Current Affairs Quiz - July, 2020

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:
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 Imagineering Laboratory department of IIT Kanpur has developed an Ultraviolet sanitizing product named SHUDH.
SHUDH is an abbreviation of Smartphone operated Handy Ultraviolet Disinfection Helper. The device comprises of six ultra-violet lights, which can be monitored even from a distance. It can disinfect a small room in 15 minutes.

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:
As per the recent data by the Ministry of Commerce and Industry, India posted a trade surplus of USD 790 million in June 2020.
This surplus has been recorded for the first time after over 18 years. Due to the Covid-19 induced decrease in domestic demand for crude oil, gold and other industrial products, the country’s import was deeply reduced. This led to a trade surplus with imports of USD 21.11 billion and exports of USD 21.91 billion.

Notes:
Elyes Fakhfakh, the Prime Minister of the North African country Tunisia, has recently submitted his resignation.
Earlier, there was an allegation that the Prime Minister holds a stake in a waste processing company that won government contracts worth 15 million euro. Investigations are being carried out in this case.

Notes:
Union Shipping Minister has recently flagged off first trial container ship from Kolkata Port to Agartala through the Chattogram port of Bangladesh.
This trial run has been done under the Agreement on using Chattogram and Mongla Ports for movement of India’s transit cargo through Bangladesh. It will provide a shorter route to connect the North East Region of India through Bangladesh.

Notes:
As per the recent report released by the property consultant Cushman & Wakefield, India ranks third in the list of most-suitable locations for global manufacturing, in terms of cost competitiveness and operating conditions.
Among 48 countries, China and the US bagged the top two positions of the Global Manufacturing Risk Index (MRI). Last year, India was in the fourth position in the list, which ranks 48 countries in Europe, America and the Asia-Pacific.

Notes:
Union Shipping Ministry has named the retired IAS officer Malini Shankar, as the Vice-Chancellor of Indian Maritime University.
Malini Shankar is also the Chairperson of the National Shipping Board (NSB), the ace advisory agency to the Central government on shipping-related matters. Before being appointed as the VC in the Chennai-based University, she was the Director General of Shipping.