Current Affairs Quiz - October, 2020

Notes:
IIT Kharagpur and Tata Consultancy Services (TCS) have jointly developed a technology for remotely controlled factory operations. This is an Industry 4.0 solution that enables real-time quality correction during industrial production.
The project was supported by the Department of Heavy Industries. Through this development, IIT Kharagpur aims to stimulate innovation in advanced manufacturing to boost the capital goods sector.

Notes:
A sea plane from Maldives arrived in Ahmedabad, which would be used to connect the Sabarmati riverfront in Ahmedabad to the Statue of Unity in Kevadia, Narmada district.
Prime Minister Narendra Modi will take the official inaugural flight on October 31 2020. The sea plane would be operated by Spice Jet.

Notes:
The Goods and Services Tax Network (GSTN) has launched the facility, whereby composition tax payers can file NIL GST in form GST CMP-08 through SMS mode without logging in to GST Portal.
As per a GSTN statistics, total of 17.11 lakh taxpayers have opted for Composition Scheme. Out of the 17.11 lakh, 20% taxpayers are the ones who file NIL statement.

Notes:
The Central Government has extended the dead line to 31st March 2021, for making payments under the income tax dispute settlement scheme ‘Vivad Se Vishwas’.
As per the Central Board of Direct Taxes (CBDT), the declaration has to be made by December 31st 2020 and only in respect of such declarations, the payment of income tax without additional amount can be made by 31st March.

Notes:
Union Education Minister Ramesh Pokhriyal Nishank virtually inaugurated the DST-IIEST Solar PV Hub at IIEST, Shibpur.
Indian Institute of Engineering Science and Technology (IIEST) is an Institute of National Importance under Ministry of Education and is located in the state of Kolkata. The hub will have the world class research facilities.

Notes:
The Lieutenant Governor of Ladkah R. K. Mathur flagged off Ultimate Ladakh Cycling Challenge in Leh, Ladakh.
Regarded as one of the toughest cycling challenges in the world, it is held at an altitude of over 17 thousand feet. Ladakh Police, Ladakh Tourism Department in association with the Cycling Federation of India and Ladakh Cycling Association are organising the four-day event.

Notes:
United Nations’ Trade and investment body, UNCTAD releases Global Investment Trends Monitor report.
As per the recent edition of the report, global foreign direct investment (FDI) flows fell 49% in the first half of 2020 compared to 2019. This sharp decline is due to the economic crisis from COVID-19. As per the report, developed economies saw the biggest fall in FDI.

Notes:
Telangana Chief Minister K Chandrasekhar Rao has recently launched ‘Dharani’ Portal for land and property registrations.
Telangana is the first state to use Information Technology services for land registrations. The property details which are not uploaded on the portal will be treated as illegal and will not be allowed for further registrations.

Notes:
The United States of America (USA) has offered its F18 naval fighter jets for the Indian Navy. The proposal has been made during the third 2+2 ministerial dialogue held at New Delhi between the two countries.
These aircrafts are capable of being operated from aircraft carriers. The Indian Navy a few years ago had expressed interest in the acquisition of 57 naval fighter aircraft for operations from its aircraft carriers

Notes:
India has recently signed reached landmark agreements on financial services, infrastructure and sustainable finance.
These were signed at the 10th Economic and Financial Dialogue (EFD) between the UK and India. It was jointly chaired by Finance Minister Nirmala Sitharaman and the UK Chancellor Rishi Sunak. This is expected to boost jobs and investments in both countries.