Current Affairs Quiz - July, 2020

Notes:
Aaykar Diwas or Income Tax Day is celebrated on July 24 by the Central Board of Direct Taxes (CBDT) and all field offices.
On the same day in the year 1860, Income tax was originally introduced in India by Sir James Wilson, to compensate for the losses incurred during the first war of independence. This is the 160th anniversary of Income Tax Day.

Notes:
Union Shipping Ministry has announced that it has waived off waterway usage charges for a period of three years.
This decision has been taken to promote inland waterways as a cheaper mode of transport. Water usage charge was previously applicable on use of all national waterways by vessels. This waiver is estimated to increase the inland waterway traffic movement to 110 million metric tonne (MMT) in 2022-23.

Notes:
The Reserve Bank of India has released the ‘Report of the Committee for Analysis of QR (Quick Response) Code’.
The Committee was constituted by RBI in December 2019 under the Chairmanship of Prof. D.B. Phatak, to review the present system of QR Codes in India in digital payments. The report asked the Government to provide incentive schemes to popularise QR code transactions among consumers. It also recommended phasing out proprietary and closed loop QR codes.

Notes:
Indian Overseas Bank (IOB) announced that Partha Pratim Sengupta has been appointed as its new Managing Director and Chief Executive.
He was a former Deputy Managing Director at the State Bank of India (SBI). The appointment is made up to the date of attaining the age of superannuation in 2022. He is to succeed the previous MD & CEO Karnam Sekar.

Notes:
The Siachen Glacier, which is located in the eastern Karakoram range in the Himalayas is the world’s largest non-polar glacier.
The glacier is currently a part of the union territory of Ladakh. Recently, the Indian Army announced that it will issue permits for civilian trips to its Siachen Base Camp and Kumar post in Ladakh. It is also claimed to be the highest battlefield.

Notes:
The Oxford-AstraZeneca vaccine candidate is to be called as ‘Covishield’ in India, as per the statement of the Serum Institute of India (SII).
SII is the largest vaccine maker in the world and it has partnered with AstraZeneca for manufacturing the Oxford vaccine candidate. Recently, it has sought permission from the Drugs Controller General of India (DCGI) to conduct phase 2 and 3 human clinical trials of the potential vaccine.

Notes:
The Saudi Arabian Oil Company otherwise called as Saudi Aramco is a multinational petroleum and natural gas company. It is the world’s biggest energy firm, with USD 1.75 trillion market capitalization.
Recently, the Reliance Industries surpassed Exxon Mobil Corp. to become the world’s second largest energy company. Reliance has the world’s biggest oil refinery complex. Its market value is USD 189 billion, as on July 27, 2020.

Notes:
The India-Indonesia Defence Ministers’ Dialogue was held in New Delhi. Defence Minister Rajnath Singh led the Indian delegation while Indonesia’s Defence Minister General Prabowo Subianto led their delegation.
Both the countries affirmed to further expand defence and military ties between the countries in areas including technology sharing. The countries had signed a new defence cooperation agreement in 2018 for a comprehensive strategic partnership.

Notes:
Union Ministry of Human Resource Development has recently launched the ‘Indian Report on Digital Education, 2020’.
The report has details on innovative methods adopted by Education Departments of various States and Union Territories for providing inclusive education to children at home. Initiatives of HRD Ministry including DIKSHA platform and Swayam Prabha TV Channel are highlighted.

Notes:
England fast-bowler Stuart Broad has recently become the seventh bowler in cricket history to clinch 500 wickets in Test matches.
The 34-year-old player has achieved this feat during the third and final Test against West Indies at the Old Trafford. He is the second English player to achieve this after James Anderson. Muttiah Muralitharan of Sri Lanka is the leading wicket-taker in Test cricket with 800 wickets.