Current Affairs Quiz-September, 2020

Notes:
Prime Minister of India Narendra Modi is set to hold a programme named ‘SVanidhi Samvaad’ with street vendors from Madhya Pradesh.
Madhya Pradesh Chief Minister Shivraj Singh Chauhan will also participate in the program through video conferencing. Prime Minister is to interact with three beneficiaries from the state through virtual mode. 4.5 lakh street vendors of Madhya Pradesh registered in the PM SVANidhi scheme.

Notes:
Union Minster of Petroleum has stated that Five state run oil and natural gas PSUs will become corporate partners of the International Solar Alliance (ISA).
These PSUs would make financials contribution to ISA’s corpus fund. This announcement was made during the 1st World Solar Technology Summit organized by ISA. ONGC, IOCL, BPCL, HPCL and GAIL are the 5 PSUs.

Notes:
Funds above Rs.7,00,000 sent abroad under RBI’s Liberalised Remittance Scheme would be subjected to 5% Tax Collection at Source.
This is under the Finance Act 2020 and would come in to force from 1st October 2020. On payments above Rs.700,000, the TCS will apply on the amount above this threshold. The TCS is not applicable for buying a tour package.

Notes:
As per a recent report on released by UNICEF, the World Health Organization (WHO), the Population Division of the UN Department of Economic and Social Affairs and World Bank Group, the Under-five mortality rate in India declined from 126 in 1990 to 34 in 2019.
Also, the Infant mortality rate in India declined from 89 in 1990 to 28 in 2019. The data has been published in ‘Levels & Trends in Child Mortality’ Report 2020.

Notes:
Scientist and radio astronomer, Professor Govind Swarup is called the Father of Indian Radio Astronomy.
The renowned astronomer has recently passed away due to illness at the age of 91. He was the founding director of the National Centre for Radio Astrophysics of the Tata Institute of Fundamental Research (TIFR). He received various awards including the Padma Shree and the Bhatnagar Award.

Notes:
The Department of Post has launched a new scheme called Five Star Villages, to expand Universal coverage of Postal schemes in rural areas of the country.
The scheme aims to create public awareness on Postal Products and services across all interior villages. The products covered include Sukanya Samridhi Accounts, PPF Accounts, PM Suraksha Bima Yojana Account, PM Jeevan Jyoti Bima Yojana Account and other SB and RD accounts being offered.

Notes:
The High Court of Kerala has issued a set of directives to the state regarding Protection of Children from Sexual Offences Act (POCSO).
The High Court has directed the state to appoint woman IPS officer in every district, to oversee the cases investigated under POSCO Act. It has also directed to establish One-Stop Support Centres, in lines with the Supreme Court directions, to protect the victims.

Notes:
Leading Private sector bank of India, ICICI Bank has launched an exclusive programme for start-ups named ‘iStartup2.0’.
Under this programme, a Current Account can be created for new businesses that are up to ten years old seamlessly. The Bank has integrated its APIs with the website of the Ministry of Corporate Affairs (MCA) and the account number is obtained at the time of incorporation.

Notes:
The World Health Organization (WHO) recently released a report titled Countdown to 2023: WHO report on global trans-fat elimination 2020.
As per the report, more than 100 countries have to take actions to remove harmful substances from their food supplies. Due to consumption of trans fats, 5 lakh deaths per year is estimated due to coronary heart disease.

Notes:
As per the credit rating agency CRISIL, Indian economy will contract by 9 per cent in 2020-21 on account of COVID 19 pandemic.
The agency has stated that the infection is yet to peak and the financial assistance provided by the Government is not sufficient. Earlier in May 2020, Crisil had estimated the economy to contract by 5 per cent