Current Affairs Quiz - May, 2020

Notes:
Union Finance Minister Nirmala Sitharaman recently proposed Rs 50,000 crore of liquidity by reducing the TDS and TCS rates for certain payments including interest, dividend, rent payments and other payments by non-individuals.
The rates of Tax Deduction at Source (TDS) for non-salaried payments made to residents and rates of Tax Collection at Source (TCS) for receipts will be reduced by 25 per cent of the existing rates. This reduction in rates will be effective from 14.05.2020 to 31.03.2021.

Notes:
Uttarakhand government has recently launched a portal named ‘HOPE’ – Helping Out People Everywhere, to assist the workers of the state to find suitable employment.
The portal has started to collect data on the youngsters of the state and migrant workers returned from other states. The workers can upload their skill-sets on the website and based on that, they will be able to find suitable jobs at home-state. The data collected will be used for implementing the Mukhyamantri Swarojgar Yojana, implemented by the state earlier.

Notes:
Ministry of Human and Resource Development has developed an e-Governance platform, SAMARTH- Enterprises Resource Planning (ERP).
The platform has been developed under National Mission of Education in Information and Communication Technology Scheme (NMEICT). SAMARTH is an open source automation engine for Universities and Higher Educational Institutions. It has been launched at National Institute of Technology, Kurukshetra, to automate the processes of the Institute.

Notes:
The Social-media giant Facebook has recently acquired the popular GIF-making and sharing website GIPHY. Facebook is also planning to integrate its GIF library Instagram, its photo-sharing app.
GIPHY, one of the most popular GIF-making and sharing sites on the internet, allows users to create, share and remix GIFs. Several platforms including Apple, Twitter, Pinterest and Reddit use Giphy’s API for providing GIFs.

Notes:
The Union Finance Minister recently announced to raise the minimum threshold to initiate insolvency proceeding to Rs 1 crore from the present limit Rs 1 lakh to benefit MSMEs.
This move will give relief to the companies that default on loans due to the Covid-19 stress. It was also announced that no fresh insolvency will be initiated for one year under the Insolvency and Bankruptcy Code and the Covid-19 related debt will be excluded from the definition of default. She also proposed decriminalisation of the Companies Act for violations involving minor technical and procedural defaults.

Notes:
The Jammu & Kashmir government notified Jammu and Kashmir Grant of Domicile Certificate (Procedure) Rules, 2020. There shall be a timeline of 15 days for issuance of the certificate after which the applicant can approach an Appellate Authority.
According to that, all people who have resided in the UT for 15 years, or have studied for 7 years and appeared in class 10th or 12th examination there and their children, Children of Government officials who have served in the UT for 10 years are eligible. Now, West Pakistan Refugees (WPRs), sanitation workers and children of women married outside Jammu and Kashmir shall also be eligible for Domicile Certificate.

Notes:
The Indian Railways has recently operationalised its first 12,000 hp electric locomotive, between Deen Dayal Upadhyaya Station to Shivpur in Uttar Pradesh.
It has been manufactured French rail transport firm Alstom, at the Madhepura Electric Locomotive Pvt. Ltd. (MELPL), in Bihar. MELPL is a joint venture between the French firm Alstom and the Indian Railways. With this, India became the sixth country in the world to produce indigenous high horsepower locomotive.

Notes:
The government has recently appointed Govinda Rajulu Chintala as Chairman of National Bank for Agriculture and Rural Development (NABARD).
The appointments committee of the union cabinet cleared the appointment for Chintala, for the next two years till his superannuation in July 2022. The committee has also cleared the appointment of Shaji KV as the Deputy Managing Director at NABARD for five years.

Notes:
As per the recent announcement by the National Health Authority (NHA), the number of people who have benefitted under the Ayushman Bharat Scheme has crossed the one crore-mark.
The flagship health insurance programme named Ayushman Bharat Pradhan Mantri Jan Arogya Yojna (AB-PMJAY) was launched on September 23, 2018 in Ranchi. The scheme which is implemented by NHA, aims to provide Rs 5 lakh secondary and tertiary care hospitalisation cover to up to 10 Crore poor and vulnerable families.

Notes:
The United States recently announced that the country will withdraw from the major global treaty named Open Skies treaty. The 35-nation treaty allows unarmed surveillance flights over the territories of member countries.
US administration also highlighted that Russia has repeatedly violated the terms of the pact. It is expected that the US will pull out formally in six months, based on the withdrawal terms of the treaty. NATO allies and other countries have asked the US to remain in the treaty.