Current Affairs | GK | Quiz | MCQ's|
Which institution has mandated 'penny Drop' For National Pension System (Nps) fund withdrawal
Answer:-PFRDA(Pension Fund Regulatory and Development Authority)
To protect the interest of NPS subscribers and for timely credit of amount in case of withdrawal, pension regulator PFRDA has said that Instant Bank Account verification by ‘penny drop’ would be adopted by CRAs or central recordkeeping agencies. A NPS or National Pension Scheme subscriber places a withdrawal or partial withdrawal request by mentioning the required details including the bank account number and IFSC code into which the withdrawal proceeds are to be credited. Once the withdrawal request is verified and authorized in the Central Record Keeping (CRA) system, the proceeds are credited to the subscriber's bank account through electronic mode.
To protect the interest of NPS subscribers and for timely credit of amount in case of withdrawal, pension regulator PFRDA has said that Instant Bank Account verification by ‘penny drop’ would be adopted by CRAs or central recordkeeping agencies. A NPS or National Pension Scheme subscriber places a withdrawal or partial withdrawal request by mentioning the required details including the bank account number and IFSC code into which the withdrawal proceeds are to be credited. Once the withdrawal request is verified and authorized in the Central Record Keeping (CRA) system, the proceeds are credited to the subscriber's bank account through electronic mode.
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10 November Current Affairs📚
🎯Working under the ☀️ sun causes 1 in 3 deaths from non-melanoma skin cancer, say WHO and ILO
◾️Nearly 1 in 3 deaths from non-melanoma skin cancer is caused by working under the sun, according to joint estimates by the World Health Organization (WHO) and the International Labour Organization (ILO) published today. The research released in Environment International finds that outdoor workers carry a large and increasing burden of non-melanoma skin cancer and calls for action to prevent this serious workplace hazard and the loss of workers’ lives it causes.
◾️According to the joint estimates, 1.6 billion people of working age (15 years or older) were exposed to solar ultraviolet radiation while working outdoors in 2019, equivalent to 28% of all working-age people. In 2019 alone, almost 19 000 people in 183 countries died from non-melanoma skin cancer
https://www.who.int/news/item/08-11-2023-working-under-the-sun-causes-1-in-3-deaths-from-non-melanoma-skin-cancer--say-who-and-ilo#:~:text=Nearly%201%20in%203%20deaths,Organization%20(ILO)%20published%20today.
🎯Working under the ☀️ sun causes 1 in 3 deaths from non-melanoma skin cancer, say WHO and ILO
◾️Nearly 1 in 3 deaths from non-melanoma skin cancer is caused by working under the sun, according to joint estimates by the World Health Organization (WHO) and the International Labour Organization (ILO) published today. The research released in Environment International finds that outdoor workers carry a large and increasing burden of non-melanoma skin cancer and calls for action to prevent this serious workplace hazard and the loss of workers’ lives it causes.
◾️According to the joint estimates, 1.6 billion people of working age (15 years or older) were exposed to solar ultraviolet radiation while working outdoors in 2019, equivalent to 28% of all working-age people. In 2019 alone, almost 19 000 people in 183 countries died from non-melanoma skin cancer
https://www.who.int/news/item/08-11-2023-working-under-the-sun-causes-1-in-3-deaths-from-non-melanoma-skin-cancer--say-who-and-ilo#:~:text=Nearly%201%20in%203%20deaths,Organization%20(ILO)%20published%20today.
Which of the following was awarded with GI tag
1) Hyderbadi Haleem
2) Saleem Sago 3) Jaderi Namakatti 4) Naga Tree Tomatoes
1) Hyderbadi Haleem
2) Saleem Sago 3) Jaderi Namakatti 4) Naga Tree Tomatoes
Anonymous Quiz
21%
Only one
31%
Only Two
19%
Only Three
30%
All of the above
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Current Affairs | GK | Quiz | MCQ's|
Which of the following was awarded with GI tag
1) Hyderbadi Haleem
2) Saleem Sago 3) Jaderi Namakatti 4) Naga Tree Tomatoes
1) Hyderbadi Haleem
2) Saleem Sago 3) Jaderi Namakatti 4) Naga Tree Tomatoes
Answer :- All of the Above
🎯In 2010 Hyderabadi haleem was awarded Geographical Indication status by the Indian GI registry office. It became the first meat product of India to receive a GI certification.
🎯The Salem starch and Sago manufacturers Service Industrial Cooperative Society limited received the GI tag on August 27, 2023. The GI tag is valid for 10 years, after which it can be renewed.
🎯Jaderi namakatti is a registered Geographical Indication (GI). A GI is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. The applicant for the Jaderi namakatti GI is the Jaderi Tiruman (Namakatti) Producers Society.
🎯The Naga tree tomato is one of the most valued exotic agricultural products of the region. It is locally known as "Sei Bangenuo", which is a derivation from the Tenyidie dialect that translates to "tree tomato
🎯GI Tag
The Ministry of Textiles provides financial assistance for registration of handloom products under the Geographical Indications (GI) of Goods Act, 1999
A geographical indication (GI) tag is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. A GI tag makes sure that only those who have registered as authorized users are permitted to use the well-known brand name.
As of 2023, there are over 400 products from India that have been awarded GI tags. The first GI tag product in India was Darjeeling tea, which was given in the year 2004
🎯In 2010 Hyderabadi haleem was awarded Geographical Indication status by the Indian GI registry office. It became the first meat product of India to receive a GI certification.
🎯The Salem starch and Sago manufacturers Service Industrial Cooperative Society limited received the GI tag on August 27, 2023. The GI tag is valid for 10 years, after which it can be renewed.
🎯Jaderi namakatti is a registered Geographical Indication (GI). A GI is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. The applicant for the Jaderi namakatti GI is the Jaderi Tiruman (Namakatti) Producers Society.
🎯The Naga tree tomato is one of the most valued exotic agricultural products of the region. It is locally known as "Sei Bangenuo", which is a derivation from the Tenyidie dialect that translates to "tree tomato
🎯GI Tag
The Ministry of Textiles provides financial assistance for registration of handloom products under the Geographical Indications (GI) of Goods Act, 1999
A geographical indication (GI) tag is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. A GI tag makes sure that only those who have registered as authorized users are permitted to use the well-known brand name.
As of 2023, there are over 400 products from India that have been awarded GI tags. The first GI tag product in India was Darjeeling tea, which was given in the year 2004
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Recently European Union (EU) and India conducted joint maritime Exercise in Gulf of Guinea ,Which of the Indian Naval Ship participated in it
Anonymous Quiz
23%
INS SHAKTHI
45%
INS VIKRANT
13%
INS MAGAR
18%
INS SUMEDHA
In the Context of "Angel Tax" which of the following is correct?
1)It's available for start ups and Foreign investors
2)It Can be listed in Share market 3)This rule described in Income Tax Act 1961 4)This Tax came to effect in 2012
1)It's available for start ups and Foreign investors
2)It Can be listed in Share market 3)This rule described in Income Tax Act 1961 4)This Tax came to effect in 2012
Anonymous Quiz
23%
Only One
30%
Only Two
23%
Only Three
24%
All of the above
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Current Affairs | GK | Quiz | MCQ's|
Recently European Union (EU) and India conducted joint maritime Exercise in Gulf of Guinea ,Which of the Indian Naval Ship participated in it
Answer :- INS Sumedha
🎯On 24 Oct 2023, the European Union (EU) and 🇮🇳India conducted their first joint naval exercise in the Gulf of Guinea. The exercise followed the third meeting of the EU-India Maritime Security Dialogue on 5 Oct 2023 in Brussels.
🎯During the exercise, 🇮🇳Indian Navy’s INS Sumedha, an Offshore Patrol Vessel, was joined by three EU Member States’ ships in the Gulf of Guinea: Italian Navy Ship ITS Foscari, French Navy Ship FS Ventôse, and Spanish Navy Ship Tornado. The four ships practiced a series of tactical manoeuvers in international waters off the coast of Ghana, including a boarding exercise, a flying exercise using the helicopters embarked on French Ship Ventôse and Indian Naval Ship Sumedha, and transfer of personnel between ships.
🎯On 24 Oct 2023, the European Union (EU) and 🇮🇳India conducted their first joint naval exercise in the Gulf of Guinea. The exercise followed the third meeting of the EU-India Maritime Security Dialogue on 5 Oct 2023 in Brussels.
🎯During the exercise, 🇮🇳Indian Navy’s INS Sumedha, an Offshore Patrol Vessel, was joined by three EU Member States’ ships in the Gulf of Guinea: Italian Navy Ship ITS Foscari, French Navy Ship FS Ventôse, and Spanish Navy Ship Tornado. The four ships practiced a series of tactical manoeuvers in international waters off the coast of Ghana, including a boarding exercise, a flying exercise using the helicopters embarked on French Ship Ventôse and Indian Naval Ship Sumedha, and transfer of personnel between ships.
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Current Affairs | GK | Quiz | MCQ's|
In the Context of "Angel Tax" which of the following is correct?
1)It's available for start ups and Foreign investors
2)It Can be listed in Share market 3)This rule described in Income Tax Act 1961 4)This Tax came to effect in 2012
1)It's available for start ups and Foreign investors
2)It Can be listed in Share market 3)This rule described in Income Tax Act 1961 4)This Tax came to effect in 2012
Answer : Only Two
Statement :- 1 is correct
▪️The Finance Act 2023 proposed to extend angel tax even to non-resident investors from April 1 .
Statement :-2 is Incorrect it cannot be listed in Share market
▪️The Income Tax Act of 1961's Section 56 (2) (viib) discusses the concept of angel tax. According to the Finance Act, 2012, in the IT Act, every startup (i.e., unlisted companies whose shares are not available for buying on the stock market) that receives funding from an angel investor must contribute a certain amount to the government.
▪️However, this tax comes into play if the total investment value exceeds the company's FMV or Fair Market Value. Investment greater than FMV is categorised as "income from other sources", and the tax imposed on it is called angel tax.
▪️For a comprehensive understanding of the concept of angel tax, let us consider an example. Suppose your firm receives investment from an angel investor of Rs 15 crore, and the investor gets shares in exchange. But the total fair market valuation (FMV) of the shares issued is Rs 10 crore. The remaining Rs 5 crore is considered excess money and, therefore, taxable at a rate of 30.9%.
Statement:-3 is Correct This rule decribed in Section 56(2)(viib) of the Income Tax Act, 1961.
▪️This clause was inserted into the act in 2012 to prevent laundering of black money, round-tripping via investments with a large premium into unlisted companies.
▪️The tax covers investment in any private business entity, but only in 2016 was it applied to startups.
Statement:-4 is Incorrect
▪️The Finance Act of 2012 first introduced the Angel Tax concept in India, which became applicable in April 2013. The Income Tax Act keeps updating the provisions related to Angel Tax. As per the latest budget of 2023, the angel tax is also applicable to foreign investors.
Statement :- 1 is correct
▪️The Finance Act 2023 proposed to extend angel tax even to non-resident investors from April 1 .
Statement :-2 is Incorrect it cannot be listed in Share market
▪️The Income Tax Act of 1961's Section 56 (2) (viib) discusses the concept of angel tax. According to the Finance Act, 2012, in the IT Act, every startup (i.e., unlisted companies whose shares are not available for buying on the stock market) that receives funding from an angel investor must contribute a certain amount to the government.
▪️However, this tax comes into play if the total investment value exceeds the company's FMV or Fair Market Value. Investment greater than FMV is categorised as "income from other sources", and the tax imposed on it is called angel tax.
▪️For a comprehensive understanding of the concept of angel tax, let us consider an example. Suppose your firm receives investment from an angel investor of Rs 15 crore, and the investor gets shares in exchange. But the total fair market valuation (FMV) of the shares issued is Rs 10 crore. The remaining Rs 5 crore is considered excess money and, therefore, taxable at a rate of 30.9%.
Statement:-3 is Correct This rule decribed in Section 56(2)(viib) of the Income Tax Act, 1961.
▪️This clause was inserted into the act in 2012 to prevent laundering of black money, round-tripping via investments with a large premium into unlisted companies.
▪️The tax covers investment in any private business entity, but only in 2016 was it applied to startups.
Statement:-4 is Incorrect
▪️The Finance Act of 2012 first introduced the Angel Tax concept in India, which became applicable in April 2013. The Income Tax Act keeps updating the provisions related to Angel Tax. As per the latest budget of 2023, the angel tax is also applicable to foreign investors.
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7th December Current Affairs📚
🎯Build for Bharat Initiative🇮🇳
▪️The Open Network for Digital Commerce (ONDC), in collaboration with Google Cloud India, Antler in India, Paytm, Protean and Startup India has announced 'Build for Bharat' initiative. The initiative aims to tackle diverse challenges in digital commerce, promoting industry innovation to develop practical solutions in this space storage.
https://timesofindia.indiatimes.com/gadgets-news/ondc-announces-build-for-bharat-initiative-for-startups-prizes-and-more/articleshow/105734001.cms
🎯National Circular Economy Roadmap to Reduce Plastic Waste♻️
▪️Union Minister Dr. Jitendra Singh unveiled the ‘National Circular Economy Roadmap for reduction of Plastic waste in India,’ a collaborative effort between leading research institutions in India and Australia. The document aims to establish research and industry partnerships to develop a roadmap for India’s transition to a circular economy in the plastics sector.🇮🇳—🇦🇺
▪️The roadmap was produced as part of an Australia-India Comprehensive Strategic Partnership involving an international team of Australian and Indian research institutes including CSIRO, the University of New South Wales, the University of Technology Sydney Institute for Sustainable Futures, The Energy and Resources Institute (TERI), the Council of Scientific and Industrial Research-National Environmental Engineering Research Institute (CSIR-NEERI) and Development Alternatives.
https://research.csiro.au/circulareconomy/circular-economy-roadmap-for-reducing-plastic-waste-in-india/
🎯‘Garba of Gujarat’ Recognized as Intangible Cultural Heritage
▪️Prime Minister Narendra Modi on Wednesday described Garba as a celebration of life, unity and deep-rooted traditions, after UNESCO approved the inclusion of Gujarat's traditional dance in its 'Representative List of the Intangible Cultural Heritage of Humanity'.
▪️Garba is a "ritualistic and devotional dance" that is performed on the occasion of the festival of Navratri which is dedicated to the worship of the feminine energy or 'Shakti', the UNESCO website said.
https://economictimes.indiatimes.com/news/india/unesco-adds-garba-in-intangible-cultural-heritage-list-pm-modi-says-it-is-celebration-of-life/articleshow/105791597.cms
🎯“Jago Grahak Jago” Campaign
▪️The Department of Consumer Affairs is actively engaged in nationwide multimedia awareness campaigns titled “Jago Grahak Jago”. These campaigns aim to inform consumers about fraudulent practices and common issues while providing guidance on seeking redressal.
🎯Google Unveils Gemini🤖
▪️Gemini AI introduces three distinct modes: Ultra, Pro, and Nano. In the Ultra mode, the system employs the largest LLM (large language model) for intensive AI tasks. The Pro mode utilizes a smaller LLM, while the Nano mode uses the smallest LLM, suggesting potential local availability for computers and phones.
https://www.forbes.com/sites/janakirammsv/2023/12/06/google-unveils-its-revolutionary-new-large-language-model-gemini/?sh=29497acb498b
🎯Build for Bharat Initiative🇮🇳
▪️The Open Network for Digital Commerce (ONDC), in collaboration with Google Cloud India, Antler in India, Paytm, Protean and Startup India has announced 'Build for Bharat' initiative. The initiative aims to tackle diverse challenges in digital commerce, promoting industry innovation to develop practical solutions in this space storage.
https://timesofindia.indiatimes.com/gadgets-news/ondc-announces-build-for-bharat-initiative-for-startups-prizes-and-more/articleshow/105734001.cms
🎯National Circular Economy Roadmap to Reduce Plastic Waste♻️
▪️Union Minister Dr. Jitendra Singh unveiled the ‘National Circular Economy Roadmap for reduction of Plastic waste in India,’ a collaborative effort between leading research institutions in India and Australia. The document aims to establish research and industry partnerships to develop a roadmap for India’s transition to a circular economy in the plastics sector.🇮🇳—🇦🇺
▪️The roadmap was produced as part of an Australia-India Comprehensive Strategic Partnership involving an international team of Australian and Indian research institutes including CSIRO, the University of New South Wales, the University of Technology Sydney Institute for Sustainable Futures, The Energy and Resources Institute (TERI), the Council of Scientific and Industrial Research-National Environmental Engineering Research Institute (CSIR-NEERI) and Development Alternatives.
https://research.csiro.au/circulareconomy/circular-economy-roadmap-for-reducing-plastic-waste-in-india/
🎯‘Garba of Gujarat’ Recognized as Intangible Cultural Heritage
▪️Prime Minister Narendra Modi on Wednesday described Garba as a celebration of life, unity and deep-rooted traditions, after UNESCO approved the inclusion of Gujarat's traditional dance in its 'Representative List of the Intangible Cultural Heritage of Humanity'.
▪️Garba is a "ritualistic and devotional dance" that is performed on the occasion of the festival of Navratri which is dedicated to the worship of the feminine energy or 'Shakti', the UNESCO website said.
https://economictimes.indiatimes.com/news/india/unesco-adds-garba-in-intangible-cultural-heritage-list-pm-modi-says-it-is-celebration-of-life/articleshow/105791597.cms
🎯“Jago Grahak Jago” Campaign
▪️The Department of Consumer Affairs is actively engaged in nationwide multimedia awareness campaigns titled “Jago Grahak Jago”. These campaigns aim to inform consumers about fraudulent practices and common issues while providing guidance on seeking redressal.
🎯Google Unveils Gemini🤖
▪️Gemini AI introduces three distinct modes: Ultra, Pro, and Nano. In the Ultra mode, the system employs the largest LLM (large language model) for intensive AI tasks. The Pro mode utilizes a smaller LLM, while the Nano mode uses the smallest LLM, suggesting potential local availability for computers and phones.
https://www.forbes.com/sites/janakirammsv/2023/12/06/google-unveils-its-revolutionary-new-large-language-model-gemini/?sh=29497acb498b
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