Current Affairs Quiz-September, 2020

Notes:
The Union Minister of Social Justice & Empowerment, Thaawarchand Gehlot has recently released a book containing 33 Action Plans 2020-21 of all the schemes of the Department of Social Justice & Empowerment.
This is the first time that the Department has released comprehensive Annual Action Plan 2020-21. The aim is to provide specific targets for the Ministry, State Governments and NGOs.

Notes:
The Chief Minister of Karnataka B.S. Yediyurappa has recently launched an Integrated Air ambulance service.
Being the first air ambulance from South India, it has German Isolation Pod to transport critical COVID-19 patients. It is developed by ICATT in coordination with an aviation technology firm. The service is expected to serve medical emergencies in spite of heavy road traffic.

Notes:
The United Nations World Food Programme (WFP) and the Uttar Pradesh State Rural Livelihood Mission (SRLM) are to collaborate in establishing over 200 supplementary nutrition production units.
This is to be undertaken under the Integrated Child Development Services (ICDS) scheme. This partnership aims to reach nearly 33 lakh beneficiaries in 18 districts, by 2023.

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:
The Union Cabinet has approved the Foreign direct investment (FDI) limit in the Defence Sector through automatic approval to 74 per cent.
Earlier, the policy allowed 49 per cent FDI in Defence Sector. The new policy has a ‘National Security’ clause as a condition, that has been proposed by the Ministry of Commerce and Industry. The Government has the right to review any foreign investment that may affect national security.

Notes:
The Union Finance Minister Nirmala Sitharaman has announced the performance of Public Sector Banks (PSBs) under EASE Banking Reforms Index 2.0. EASE stands for “Enhanced Access and Service Excellence”.
Bank of Baroda, State Bank of India, and erstwhile Oriental Bank of Commerce were the top three in the list of “Top Performers”. Bank of Maharashtra, Central Bank of India and erstwhile Corporation Bank were the leading banks in ‘Top Improvers’ category.

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:
India and China have recently agreed on five points regarding the situation on the Line of Actual Control (LAC).
On the side lines of the Shanghai Cooperation Organisation (SCO) meet in Moscow, the External affairs Minister S Jaishankar and his Chinese counterpart Wang Yi had strategic talks which focussed on Disengagement of troops and easing of tensions.

Notes:
Briton Jane Fraser has been named the new chairperson of the American multinational investment bank Citigroup.
Jane Fraser is set to become the first woman head of the Group. She is currently the President and head of global consumer division of the group. The present head of the group Michael Corbat would retire in February 2021 after 37 long years of service in the group.

Notes:
Noted film actor and theatre artist Paresh Rawal has been appointed chairperson of National School of Drama (NSD).
The former BJP Member of Parliament, will succeed the present Chairman Arjun Deo Charan. Paresh Rawal, has been awarded with Padma Shri in 2014. The NSD is India’s premier institute for theatre students and is located at Delhi.