Current Affairs Quiz-September, 2020

Notes:
The Union Government has capped export incentives under Merchandise Export from India Scheme (MEIS), at Rs.2 crore per exporter.
This incentive cap is applicable for exporters who have made outbound from September 1 to December 31, 2020. This has been announced by Directorate General of Foreign Trade (DGFT) though its notification. The DGFT also stated that MEIS scheme would be withdrawn from 1st January 2020.

Notes:
The Ministry of Power’s Energy Efficiency Services Limited (EESL) is set to procure 250 electric vehicles from Tata Motors and Hyundai Motors.
The government’s electric vehicles procurement arm, will procure 150 units of Tata Nexon EV and 100 units of Hyundai Kona EV. The companies were selected by way of an international competitive bidding.

Notes:
“Wilmington” in the US state of North Carolina has been declared as the World War 2 Heritage City. It is first of such cities to be announced.
This announcement was made by the US President Donald Trump during a ceremony held to mark the 75th anniversary of the end of World War 2. During the WW2, North Carolina Shipbuilding Company situated in Wilmington built 243 ships in 5 years as a part of the USA’s emergency ship building programme.

Notes:
A painting of V.S. Gaitonde has become the most expensive work of art by an Indian artist, as it has fetched Rs 32 Crore at an auction held at Mumbai auction house Pundole.
The untitled oil-on-canvas painting was created in the year 1974 and was bought by an unnamed international buyer. This sale breaks the record held by another art work of V.S. Gaitonde that fetched Rs 29.3 crore in the year 2015.

Notes:
In a diplomatic move, Bahrain has permitted all flights coming to and departing from the United Arab Emirates to fly through its air space.
The decision was taken by the Civil Aviation Affairs department of the country after it has received a request from UAE. A similar announcement was made by the neighbouring country Saudi Arabia recently.

Notes:
Kerala, Goa, Tripura and Tamil Nadu are the top performers in child health development as per the ranking named “Young Child Outcome Index – YCOI”.
The ranking has been prepared by “Mobile Creches” which is an not-for-profit organisation working for the development of underprivileged children across India. The report has been released by Vice President M Venkaiah Naidu

Notes:
The first-ever International Day of Clean Air for blue skies is observed on September 7th, 2020. It aims to raise public awareness on the importance of air quality.
The United Nations General Assembly adopted the resolution to hold this day on December 19, 2019. It also invited the United Nations Environment Programme (UNEP) to facilitate the observance of the International Day celebrated for the first time in 2020.

Notes:
The Indira Gandhi Peace Prize 2019 was conferred to the British broadcaster David Attenborough. The price was conferred to him in a virtual event by former Indian PM Manmohan Singh.
The “Indira Gandhi Prize for Peace, Disarmament and Development” was instituted in 1986 and is awarded to individuals / institutions who work to achieve international peace. It consists of a monetary award of Rs.25 lakh along with a citation.

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 National Science & Technology Entrepreneurship Development Board (NSTEDB) works under the aegis of Department of Science and Technology (DST), Ministry of Science and Technology.
DST has recently launched a report on the journey of the National Science and Technology Entrepreneurship Development Board (NSTEDB) in catalysing innovation, entrepreneurship, and incubation.