Current Affairs Summary with Quiz 21 May 2021

Preparation with Monthly Current Affairs 2021 will be very fruitful for the banking aspirants. Many bank exams either in Prelims or Mains, consists of questions from Current Affairs. Generally, six months of current affairs are advised to prepare to crack the upcoming bank exams. Here, we are providing you with the monthly current affairs pdf. In this pdf, you will get Current Affairs Summary ebooks for quick revision. Ebooks will give you the best way to read and revise important monthly current affairs before the exam in a short period. Monthly Current Affairs PDF can help you to score better in the general awareness section of various banking exams.

Content:

  1. ITR filing deadline for individuals till Sep 30
  2. Black fungus notifiable disease under Epidemic Diseases Act
  3. Gautam Adani overtakes China's Zong Shanshan to become Asia's 2nd wealthiest
  4. Working more than 55 hours a week can be deadly, says WHO
  5. World’s largest iceberg breaks off in Antarctica as glaciers retreat
  6. India looking to set up ‘BBC-like’ international news channel
  7. MHA permits FCRA accounts to open an account in SBI New Delhi
  8. Covid Home Test Kit Gets Approval
  9. GoI increases Fertilizer Subsidy by 140%
  10. Six Heritage Sites added to India’s UNESCO World Heritage sites Tentative List
  11. China-Russia to begin the biggest Nuclear Power Project
  12. Quiz 
  13. Answer

Government extends the FY21 ITR filing deadline for individuals till Sep 30

The government on Thursday extended the due date of filing income tax returns for Assessment Year 2021-22 (the financial year 2020-21) for individuals by two months till September 30. The Central Board of Direct Taxes (CBDT) also extended the ITR filing deadline for companies by a month till November 30. The CBDT in a circular said the extension of time limits for certain tax compliances is being given to providing relief to taxpayers in view of the severe pandemic. For individuals whose accounts are not required to be audited and who file ITR-1 or ITR-4 for their returns, the deadline to file ITR is July 31. The deadline for taxpayers, like companies or firms, whose accounts are required to be audited is October 31. The due date for filing TDS returns and SFT statements, which is due by May 31, has been extended by one month to June 30, whereas corresponding due dates for the issuance of TDS certificates is also extended by one month to July 15. The last date for filing belated, revised returns for all categories of taxpayers has been extended by one month from December 31, 2021 to January 31, 2022.

Centre asks states and UTs to make black fungus notifiable disease under Epidemic Diseases Act

The Centre has asked states and UTs to make mucormycosis a notifiable disease under the Epidemic Diseases Act, 1897 as cases are increasing rapidly across India. Some states, including Rajasthan and Telangana, have already made it a notifiable disease. A notifiable disease means the government has to be mandatorily informed when any case is detected. This will enable the government to collect data, analyse the surge and initiate policy as well as clinical measures to tackle the issue. Apart from Covid-19, tuberculosis, cholera and diphtheria are among the notifiable diseases in the country. The health ministry has also asked all government and private health facilities and medical colleges to follow guidelines for screening, diagnosis and management of mucormycosis that have been issued by the ministry and the ICMR. The Centre has also urged states to adopt a multidisciplinary approach to treat the disease. Cases of mucormycosis, commonly known as black fungus, are increasingly been reported across the country, especially in diabetic patients who have been put on steroids after testing positive for Covid-19. Earlier, the government had issued a caution against the irrational use of steroid by Covid-19 patients and also advised monitoring of blood sugar levels regularly to avoid the infection. There are also concerns about the quality of water in oxygen concentrators that often leaves moisture leading to fungal infection.

Gautam Adani overtakes China's Zong Shanshan to become Asia's 2nd wealthiest

Billionaire Gautam Adani's net worth has soared past China’s Zong Shanshan to make Adani the second richest person in Asia, according to the Bloomberg Billionaires Index. Reliance Industries chairman and India's wealthiest man Mukesh Ambani in February overtook Shanshan to be the richest person in Asia. As per the Bloomberg Billionaires Index, Ambani is the 13th richest person in the world, followed by Adani at 14th. Chinese billionaire Shanshan is now the 15th richest person after both the Indian billionaires' wealth rallied past his wealth. Adani's net worth stands at $66.5 billion in contrast to Shanshan's at $63.6 billion. Adani's wealth has massively increased this year and seen a rise of $32.7 billion, according to the Bloomberg Billionaires Index. The net worth of Asia's richest person Mukesh Ambani stands at $76.5 billion. However, his total wealth has declined by $175.5 million, the index showed.

Working more than 55 hours a week can be deadly, says WHO

Long working hours are leading to hundreds of thousands of deaths per year, according to a new study by the World Health Organization and the International Labor Organization. Working more than 55 hours a week in a paid job resulted in 745,000 deaths in 2016, the study estimated, up from 590,000 in 2000. About 398,000 of the deaths in 2016 were because of stroke and 347,000 because of heart disease. Both physiological stress responses and changes in behaviour (such as an unhealthy diet, poor sleep and reduced physical activity) are “conceivable” reasons that long hours have a negative impact on health, the authors suggest. Other takeaways from the study: Working more than 55 hours per week is dangerous. It is associated with an estimated 35% higher risk of stroke and 17% higher risk of heart disease compared with working 35-40 hours per week. About 9% of the global population works long hours. In 2016, an estimated 488 million people worked more than 55 hours per week. Though the study did not examine data after 2016, “Past experience has shown that working hours increased after previous economic recessions; such increases may also be associated with the COVID-19 pandemic,” the authors wrote. Long hours are more dangerous than other occupational hazards. In all three years that the study examined (2000, 2010 and 2016), working long hours led to more disease than any other occupational risk factor, including exposure to carcinogens and the nonuse of seat belts at work. And the health toll of overwork worsened over time: From 2000 to 2016, the number of deaths from heart disease because of working long hours increased 42%, and from stroke 19%.

World’s largest iceberg breaks off in Antarctica as glaciers retreat

An iceberg the size of the Spanish island of Majorca has broken off the coast of Antarctica, with measurements taken from satellites and planes confirming it’s now the world’s largest.  

Iceberg A-76 calved from the western side of the Ronne Ice Shelf in Antarctica and is now floating on the Weddell Sea, the European Space Agency said. It measures around 170 kilometres (105 miles) long and 25 kilometres (15 miles) wide. That's larger than New York’s Long Island and half the size of Puerto Rico. 

The Antarctica ice sheet is warming faster than the rest of the planet, causing melting of snow and ice covers as well as the retreat of glaciers, especially around the Weddell Sea. As glaciers retreat, chunks of ice break off and float adrift until they break apart or crash into land. 

Last year, currents took iceberg A-68A, the world’s largest at the time, from Antarctica to the coast of the South Georgia Island. Scientists feared the berg would collide with an island that’s a breeding ground for sea lions and penguins, but it ended up splitting and breaking into pieces instead. 

Average sea levels have risen about nine inches since 1880, and about a quarter of that increase comes from ice melting in the Greenland and Antarctica ice sheets, along with land-based glaciers elsewhere, according to a study published in Nature earlier this month.

The study by 84 scientists from 15 countries concluded that the more ambitious national goals to cut greenhouse gas emissions and slow down climate change set recently are not enough to stop sea levels from rising. In fact, melting glaciers and ice sheets will raise sea levels twice as fast as they would if countries fulfilled their earlier pledges under the Paris Agreement.

India looking to set up ‘BBC-like’ international news channel

National public broadcaster Prasar Bharati has floated a tender for a consultant plan to launch an international news channel, in what reports say would be similar to the BBC World.

The move comes at a time when the government is facing criticism from international media for its handling of the COVID-19 pandemic, a chaotic vaccination drive and fears around freedom of speech. However, Prasar Bharati said the tender is “not a knee-jerk reaction” and has “existed for a long time”, the Indian Express reported.

“Prasar Bharati board granted its approval for the project in March,” CEO Shashi Shekhar Vempati told the newspaper, as he pointed to his tweets of March 25 that thanked the board for approving “several key decisions”.

“In view of the strategic objective to build a global presence for Doordarshan and to establish an international voice for India, it is envisaged to establish DD International. The EoI is being issued for a DPR from reputed global consultants with experience in advising international broadcasters or media houses on projects of this nature,” the tender says.

DD, as Doordarshan is known, is Prasar Bharati’s flagship news channel broadcast across the country.

The expression of interest (EoI) was floated on May 13 and requires consultancy services to:

- Submit a detailed project report (DPR) for the “establishment of DD International” with objective to “project India’s point of view globally on contemporary issues of significance” and to “tell the India story to global audience”, it added.

- International bureaus are part of the plan and consultants will thus also have to identify locations and draw up a roadmap “prioritising geographic streams” and providing “24x7 world service streams”, the report added.

- Another aspect will be a strategy to amplify DD India content via the global news service.

Addressing concern over key board roles (chairman, member finance and member personnel) being vacant, Vempati said this would have no impact as “tenders of this nature are operational matters”.

The concrete “shape and cost” of the channel Vempati said would be determined after the strategy exercise is complete. “Once we have the input, then we will tell the government about funding and other details,” he added.

He called the move “long overdue” and pointed to similar ventures such as “first iteration of the BBC or Al Jazeera” which can later evolve because “international interest in India is cultural”.

An official, however, told the newspaper that moves towards this project have been on-and-off for “nearly 10 years” and happen “every time there is a change in leadership at Prasar Bharati”. He said DD’s English language news channel was first also intended to go international but failed due to “duplication of content from DD News (Hindi language).

MHA permits FCRA accounts to open an account in SBI New Delhi

Account-holders can’t receive foreign contribution in any other account. The Ministry of Home Affairs (MHA) has permitted existing Foreign Contribution (Regulation) Act (FCRA) account holders, including NGOs and associations, to open their “FCRA Account” in the New Delhi Main Branch (NDMB) of the State Bank of India up to June 30, 2021.

“After that date, they shall not be eligible to receive foreign contribution in any account other than the “FCRA Account” opened in the NDMB,” as per an official release circulated by the MHA on Wednesday.

The MHA, in a public notice issued on May 18, stated that all persons/NGOs/associations, who already have been granted a certificate of registration or prior permission by the Central government, should not receive any foreign contribution in any account other than the designated “FCRA Account” opened at the NDMB of the SBI from the date of opening of such account or July 1, 2021, whichever is earlier.

“Keeping in view the exigencies arising out of COVID-19 situation and to ensure a smooth transition to the amended FCRA regime, the Central government has further decided that the registration certificates expiring/expired during the period between September 29, 2020, and September 30, 2021, shall remain valid up to September 30, 2021,” the public notice said.

Existing FCRA account holders were earlier given time till March 31, 2021, to open their FCRA account in the NDMB under the amended Section 17(1) of the FCRA, 2010, the release pointed out. “The amended section had come into effect on September 29, 2020. The extension in time has been given in view of the exigencies arising out of the COVID-19 situation and to ensure a smooth transition by NGOs to the amended FCRA regime,” the release added.

Covid Home Test Kit Gets Approval, Guidelines Out On Who Should Use

Rapid Antigen Kits to conduct Covid test at home got a green signal on Wednesday and the Indian Council of Medical Research -- the nodal body in the fight against the virus -- issued detailed guidelines on who can use it and how.  

The ICMR has made it clear that only symptomatic individuals and immediate contacts of people who tested positive in the laboratory should use the home test. "Indiscriminate testing is not advised," the top medical body said.

"All individuals who test positive may be considered as true positives and no-repeat testing is required... All symptomatic individuals who test negative by RAT should get themselves immediately tested by RTPCR," the ICMR said.

The CoviSelfTM (PathoCatch) COVID-19 OTC Antigen LF device was created by the Pune-based Mylab Discovery Solutions Ltd. The home test should be conducted according to the process detailed in an app, which should be downloaded from the Google play store and Apple store, the ICMR said.

"The mobile app is a comprehensive guide of the testing procedure and will provide a positive or negative test result to the patient. All users are advised to click a picture of the test strip after completing the test procedure with the same mobile phone," the ICMR said.

The data from the phone will be centrally captured in a secure server that is connected with the ICMR COVID-19 testing portal, where all data will be eventually stored.

GoI increases Fertilizer Subsidy by 140%

On May 19, 2021, the Government of India increased fertilizer subsidies to Rs 1,200 per bag. Earlier, it was Rs 500 per bag. Thus, the subsidies have been increased by 140%.

Why the subsidy?

The prices of fertilizers in the country are increasing at a faster rate. This is because prices of ammonia, phosphoric acid, etc are increasing internationally. They have increased by 60% to 70% internationally.

How will this benefit the farmers?

The actual price of the fertilizer bag is now Rs 2,400. With the earlier subsidies, the farmer would have got the fertilizer bag at Rs 1,900. With the increased subsidy, the farmer will now get the bag at Rs 1,200. This is the rate at which he was getting the fertilizer bag earlier.

Budget to the increased Fertilizer subsidy

The GoI was spending Rs 80,000 crores for chemical subsidies earlier. Now, with the increase in subsidy, the Government of India will spend an additional Rs 14,775 crores.

This is the second major step in the interest of the farmers after the GoI recently transferred Rs 20,667 crores to the farmers account under PM-KISAN.

Background

The Government of India was following the “No Denial” policy. Under this policy, anyone shall purchase the subsidised fertilizers through Point-of-Sale machines. In August 2020, the GoI restricted the limit to hundred bags. Later in January 2020, the restriction was further increased to fifty gags per month per person. This was done as the GoI was left with no headroom to revise the prices.

Six Heritage Sites added to India’s UNESCO World Heritage sites Tentative List

The Union Culture Minister Prahlad Singh Patel recently announced that around six cultural heritage sites have been added to the UNESCO World Heritage Sites.

What are the six sites?

The following six places have successfully entered the tentative list of UNESCO World Heritage sites.

  • Ganga Ghats of Varanasi
  • Temples of Kancheepuram in Tamil Nadu
  • Satpura Tiger Reserve in Madhya Pradesh
  • Maharashtra Military Architecture
  • Hire Benkal Megalithic site
  • Bhedaghat Lametaghat of Narmada Valley in Madhya Pradesh

With this, the total number of sites in the UNESCO World Heritage Sites Tentative list has increased to 48.

Background

The Archaeological Survey of India sent nine entries. Out of this, six have entered the tentative list. These proposed sites will remain on the tentative list for a year.

Ganga Ghats of Varanasi

The Ghats of Varanasi are the riverfront steps that lead to the banks of the river Ganges. There are 88 ghats. Most of these ghats were built in the 18th century when the city was under the rule of Marathas.

Satpura Tiger Reserve

It is located in Madhya Pradesh. The other major attractions of Satpura Tiger Reserve are Pandav Caves, Bee falls, Dhoopgarh Peak, Denwa Backwaters and rock paintings. The Denwa backwaters is the reservoir formed by the dam built on the Denwa river.

Maharashtra Military Architecture

There are more than five hundred forts of various hybrid eras making Maharashtra one of the richest places in military architecture in the world. They were built between 1500 and 1800. During this period, the architecture conceived were largely military defensive architecture.

Hire Benkal Megalithic Site

It is located in Karnataka. A megalithic site is a large prehistoric stone that is used to construct a monument or structure. There are more than four hundred megalithic funerary monuments in Hire Benkal Megalithic site.

Bhedaghat Lametaghat of Narmada Valley

They are referred to Grand Canyon of India. One can experience the outstanding beauty of marble rocks and their glittering forms on the other side of the Narmada river. Several dinosaur fossil fuels have been found here.

Here the Narmada river flows into a thirty-metre-deep gorge and flows between marble rocks. These marble rocks are formed by the metamorphic mechanism of limestone.

China-Russia to begin the biggest Nuclear Power Project

On May 19, 2021, China and Russia began the biggest Nuclear Power Project. The Russian President Vladimir Putin and the Chinese President Xi Jing Ping attended the ceremony that began the construction of the project on May 19, 2021.

Background

In 2018, Russia and China signed an agreement on Nuclear Energy Cooperation Project. Under the agreement, the countries agreed to build Unit three and Unit Four of the Xudapu Nuclear Power Plant and Unit 7 and Unit 8 of the Tianwan Nuclear Power Plant.

About the Project

The construction of the above four units is the major cooperation outcome of science and technology innovation and high-end equipment manufacturing between the countries. The contract value of the project is twenty billion USD. The nuclear reactors to be used in the project are the third generation VVER-1200 reactors. After completion, the reactors will generate 37.6 billion kilo watt hours of electricity. Also, they will reduce 30.68 million tonnes of carbon dioxide and will also reduce the use of fossil fuels.

Background

The project is a standing evidence that Russia and China are increasing their close ties after facing huge pressure from European Union and United States on several issues including human rights violations. China has been speeding up its nuclear development to reduce its reliance on coal fired plants. This is being done to achieve its target of becoming carbon neutral by 2060.

China’s Nuclear Power

As of April 2021, there are forty-nine nuclear power plants in China. This puts the country in the third position amongst the nuclear powers. On the other hand, China is also pushing its third-generation nuclear technology Hualong Two. The Chinese have set a target of achieving 200 GW of Nuclear capacity by 2035.

Quiz

Which among the following has successfully entered the tentative list of UNESCO World Heritage sites?

  • Ganga Ghats of Varanasi
  • Temples of Kancheepuram in Tamil Nadu
  • Hire Benkal Megalithic site
  • Bhedaghat Lametaghat of Narmada Valley in Madhya Pradesh
  • All of the above

Where is the Hire Benkal Megalithic Site located?

  • Tamil Nadu
  • Karnataka
  • Kerala
  • Madhya Pradesh
  • Andhra Pradesh

Which among the following countries has signed the Nuclear Energy Cooperation Project to build the biggest Nuclear Power Project?

  • China and Myanmar
  • India and Russia
  • Russia and China
  • India and Russia
  • USA and Libya

Which among the following statement about Covid Home Test Kit?

  • The ICMR said that only immediate contacts of people who tested positive in the laboratory should use the home test.
  • The home test kit can be used by (up to) 4 peoples.
  • The CoviSelfTM (PathoCatch) COVID-19 OTC Antigen LF device was created by the Pune-based Mylab Discovery Solutions Ltd. 
  • All of the above
  • None of the above

What is the revised fertilizer subsidies by GOI?

  • Rs. 1200
  • Rs. 500
  • Rs. 1000
  • Rs. 1250
  • Rs. 1500

Which is the only permitted bank that can operate FCRA accounts in India?

  • Central Bank of India.
  • Indian Overseas Bank.
  • SBI 
  • Indian Bank
  • Canara Bank

Which is the National public broadcaster of India?

  • Asian News International
  • Prasar Bharati
  • Press Trust of India
  • Akashvani
  • Doordarshan

What is the name of the World’s largest iceberg?

  • Iceberg A-68A
  • Weddell Berg
  • Iceberg A-55
  • PCB 77
  • Iceberg A-76

Which Indian Billionaire surpassed China’s Zong Shanshan to be the second richest person in Asia?

  • Adar Poonawalla
  • Uday Kotak
  • Gautam Adani
  • Mukesh Ambani
  • Anand Mahindra

Which among the following is  not a notifiable disease under the Epidemic Diseases Act, 1897?

  • Covid-19  
  • Tuberculosis
  • Cholera 
  • Mucormycosis
  • Diphtheria

Answer

Which among the following has successfully entered the tentative list of UNESCO World Heritage sites?

  • Ganga Ghats of Varanasi
  • Temples of Kancheepuram in Tamil Nadu
  • Hire Benkal Megalithic site
  • Bhedaghat Lametaghat of Narmada Valley in Madhya Pradesh
  • All of the above

Where is the Hire Benkal Megalithic Site located?

  • Karnataka

Which among the following countries has signed the Nuclear Energy Cooperation Project to build the biggest Nuclear Power Project?

  • Russia and China

Which among the following statement about Covid Home Test Kit?

  • The CoviSelfTM (PathoCatch) COVID-19 OTC Antigen LF device was created by the Pune-based Mylab Discovery Solutions Ltd. 

What is the revised fertilizer subsidies by GOI?

  • Rs. 1200

Which is the only permitted bank that can operate FCRA accounts in India?

  • SBI 

Which is the National public broadcaster of India?

  • Prasar Bharati

What is the name of the World’s largest iceberg?

  • Iceberg A-76

Which Indian Billionaire surpassed China’s Zong Shanshan to be the second richest person in Asia?

  • Gautam Adani

Which among the following is not a notifiable disease under the Epidemic Diseases Act, 1897?

  • Mucormycosis

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