Current Affairs Quiz - July, 2020

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:
The United Arab Emirates has recently announced its plans to send its first Mars mission and it has become the first Arab country to do so.
Until now, only the United States, India, USSR and the European Space Agency have successfully sent their Mars orbiter missions. China is in the process of launching its first Mars rover. The Mohammed Bin Rashid Space Centre (MBRSC) is heading the Mars project of the UAE.

Notes:
Technology Information, Forecasting and Assessment Council (TIFAC), an autonomous organization under the Department of Science & Technology has prepared a white paper on “Focused Interventions for ‘Make in India’: Post COVID 19” and “Active Pharmaceutical Ingredients: Status, Issues, Technology Readiness and Challenges”.
Union Minister Harsh Vardhan released the white papers prepared by TIFAC, during a virtual event. The paper highlights high priority sectors, technologies and strategies to accelerate growth in the time of COVID-19.

Notes:
International environmental conservation group, World Wide Fund for Nature (WWF) and Fauna & Flora International (FFI) have warned about the change in the law of Myanmar, which has allowed commercial farming of endangered species.
The wildlife conservation groups have cautioned that the change may boost the demand for rare animals in the world and may create a parallel trade market. In June, Myanmar passed a law, which allowed private zoos to breed 90 wildlife species including endangered ones.

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 state of Andhra Pradesh has rolled out an initiative of online registration of crops named e-Crop.
The state’s Revenue and Agriculture Department officials will jointly register crops online. At village level, village revenue officers and the village agriculture assistants will register the names of the farmers, details of their land, bank account and about his crops cultivated.

Notes:
The Indian Railways has set the target to achieve net zero carbon emission by the year 2030. In order to achieve the target of becoming a Green Railways, it has accelerated the efforts.
Some of its initiatives include Electrification of lines, improving energy efficiency of trains, green certification for stations, fitting bio toilets in coaches and switching to renewable sources of energy. Recently, a 1.7 mega watt plant at Bina in Madhya Pradesh in collaboration with BHEL has been installed.

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:
The Union Health Minister Dr. Harsh Vardhan announced during the meeting with the 15th Finance Commission, that the Government is to gradually increase the public health expenditure to 2.5 per cent of the country’s GDP by 2025.
This is the government’s target of the National Health Policy 2017. He also confirmed that the primary health expenditure will be made about two-third of the total public health expenditure in the country.

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.