Current Affairs Quiz - July, 2020

Notes:
The Ministry of Defence has recently issued formal sanction order for granting Permanent Commission (PC) to Women Officers in the Indian Army.
As per the order, permanent commission has been granted to Service Commissioned (SSC) Women Officers in all ten streams of the Indian Army including Army Air Defence (AAD), Army Service Corps (ASC) among others.

Notes:
India is set to procure HAMMER (Highly Agile Modular Munition Extended Range) standoff missiles from France.
The Indian Air Force is expected to receive first five Rafale combat aircrafts from France by July 29. HAMMER is a medium-range air-to-ground weapon. It was originally designed and manufactured for the French Air Force and Navy.

Notes:
Indian leading Private Sector bank Karur Vysya Bank (KVB) has named Ramesh Babu Boddu as the Managing Director & Chief Executive Officer for three years.
The bank’s Board of Directors has also selected Ramesh Babu Boddu as an Additional Director. Three months back, he superannuated as Deputy Managing Director in State Bank of India. KVB is headquartered in Karur in Tamil Nadu and has completed 100 years of operation.

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:
National Intelligence Grid “NATGRID” is an attached office under the Union Ministry of Home Affairs. It aims to allow investigation and law enforcement agencies to access real-time information.
Central Board of Direct Taxes (CBDT) is to partner with the NATGRID to share the financial details of any entity with 10 agencies including the CBI, Enforcement Directorate and the NIA. This information-sharing mechanism is done under the NATGRID platform.

Notes:
The Tribal Cooperative Marketing Development Federation of India (TRIFED) has entered into a partnership with IIT Delhi under the ‘Unnat Bharat Abhiyan’ (UBA) programme.
The scheme aims to connect higher education institutions with villages for economic and social betterment of rural areas. A MoU was signed between TRIFED, IIT Delhi and Vijnana Bharati for the implementation. Under ‘Van Dhan’ programme, tribal entrepreneurs will be provided guidance from academic and research institutions.

Notes:
The United States has announced that it has relaxed standards for exporting drones that fly at below 800 km per hour to its friendly countries.
This step has been taken to increase the national security of the United States by improving the capacities of its partners. The exposure of drone market to the US industry will also improve its economic security. However, higher-speed systems such as cruise missiles and advanced unmanned combat aerial vehicles are not affected by this revision.

Notes:
India Meteorological Department, Union Ministry of Earth Sciences launched a weather forecast application for general public.
Named as Mausam, the application offers information on five details including current temperature, humidity, wind speed and wind direction for 200 cities. The information is updated eight times a day. While this app is meant for everyone, IMD already has another app meant only for farmers and agriculturists called Meghdoot.

Notes:
IRCTC and SBI Cards & Payment Services have jointly launched their Co-branded Contactless Credit Card on RuPay Platform.
Railway Minister Piyush Goyal introduced this new card. The card has several advanced features like Near Field Communication and payback for AC tickets among others. The cards can also be used for retail, dining and entertainment payments.

Notes:
The government has recently notified changes in the Foreign Direct Investment (FDI) norms on civil aviation.
As per the amendments, it will permit Non-resident Indian (NRI) nationals to own 100 per cent stake of Air India. The divestment process for the national carrier, Air India was initiated in the month of January and the deadline to bid has been for three times. Recently, the deadline was extended till August 31.