Current Affairs Quiz - October, 2020

Notes:
The Supreme Court of India has ordered all the states and UTs to provide dry ration to all sex workers in the country.
The apex court has also insisted that the ration should be provided without insisting on ration card or any other identity proof. The top court has pronounced this order on observing the hardships faced by sex workers due to the COVID pandemic.

Notes:
The Chairman of Reliance Industries Limited – Mukesh Ambani, has topped the IIFL Wealth Hurun India Rich List 2020.
He has been in the top of the list for 9 consecutive years. His total wealth amounts to Rs. 6,58,400 crore and it has grown by 73% in the past one year.

Notes:
It is reported that fraudulent transactions amounting Rs 12,705 crore has taken place in Dewan Housing Finance Corporation Limited (DHFL) during FY17 to FY19. These frauds pertain to development of 2 Slum Rehabilitation Authority (SRA) projects undertaken by DHFL.
This observation was made by “Grant Thornton”, a transaction investigating agency. The assistance of Grant Thornton was sought by the administrator of DHFL appointed under Insolvency and Bankruptcy Code.

Notes:
International Translation Day is an international day celebrated annually on 30 September across the world.
The day is celebrated the feast of St. Jerome, the Bible translator who is considered the patron saint of translators. The celebrations have been led by International Federation of Translators, since it was set up in the year 1953.

Notes:
The Union Sports Minister Kiren Rijiju has unveiled a new logo of Sports Authority of India (SAI).
The new logo signifies SAI’s journey of transformation from identifying grassroot level talent to creating sporting excellence in India. SAI was established in 1982 and has been an epicentre for sports in India.

Notes:
Nigeria is celebrating its 60th independence day on Oct 1, 2020. Nigeria gained independence from the imperial Britain on October 1, 1960 and a representative of Queen Elizabeth II handed over Nigeria’s constitution to the country’s new Prime Minister – Abubakar Tafawa Balewa. The African country became a republic three years later.

Notes:
The Indian Council of Medical Research (ICMR) has developed highly purified ‘Antisera’ for prevention and treatment of Covid-19.
ICMR along with Hyderabad-based Biological E. Limited have developed highly purified antisera, which was raised in animals, for prophylaxis and treatment of COVID-19. This was previously used in medical science to treat many viral and bacterial infections.

Notes:
Directorate General of Trade Remedies (DGTR), Govt. of India has initiated an anti-dumping probe against two products imported from China.
The probe has been initiated against the import of Hydrofluorocarbon (HFC) Blends (used in refrigerators and air conditioners) and Decor Paper. The probe has been initiated by DGRT after SRF Ltd and ITC Ltd have filed applications seeking investigation on dumping of the two products.

Notes:
The E Way bill system is being implemented by the Central Board of Indirect Taxes and Customs (CBIC). It is an Electronic Way bill for movement of goods to be generated on the eWay Bill Portal. A GST registered person cannot transport goods more than Rs.50,000 without an e way bill.
Finance Secretary Dr Ajay Bhushan Pandey has recently stated that more than 5.74 crore e-way bills have been generated in the month of September 2020 which is seen as a sign of revival of business activities in the country.

Notes:
The Department of Economic Affairs of the Union Finance Ministry is responsible for preparing the Union Budget.
The Finance Ministry has commenced the exercise for Union Budget 2021-22 by issuing the traditional circular. The Budget is expected to be presented to Parliament on February 1, 2021. The discussions will start from October 16 and continue till the first week of November.