10 PM Current Affairs Quiz #12 August 14, 2019

Explanation: Development of Early warning system to predict Air Quality and Weather for Indian metropolitan cities namely- “SAFAR” (System of Air quality and Weather Forecasting And Research). Establishment of MAPAN (Modeling Air Pollution And Networking) –A national monitoring Network for atmospheric chemical parameters.

Explanation: The Government of India has approved the NEF (Interest Subsidy) Scheme to promote capital investment in the distribution sector by providing interest subsidy, linked with reform measures, on the loans taken by public and private power utilities for various capital works under Distribution projects. This scheme shall be applicable in the entire country and all the works except the works covered under & R-APDRP projects (to ensure non-duplication and non-overlapping of grant/subsidy towards investment). NEF Scheme has the provision to provide interest subsidy and other charges aggregating to Rs.8,466crore for a period of 14 years on loans availed by distribution utilities in both public and private sector.

Explanation: Volkswagen India was recently awarded with a certificate of appreciation for the initiatives undertaken for ‘the advancement of the government Industrial Training Institute (ITI) in Pimpri, Chinchwad.
The felicitation function was held to recognize the continuous support and investment that corporate such as Volkswagen India were making to impart skills and improve employability of youth in the State.

Explanation: Gadgil Commission, an environmental research commission is named after its chairman Madhav Gadgil. The commission is formally known as Western Ghats Ecology Expert Panel (WGEEP). The Kasturirangan committee was constituted to examine the WGEEP report. The committee is often called HLWG – it denotes the 10 member high-level working group (HLWG), headed by Kasturirangan.

Explanation: As per as Corporate Social Responsibility is concerned, the Companies Act, 2013 is a landmark legislation that made India the first country to mandate and quantify CSR expenditure. The inclusion of CSR is an attempt by the government to engage the businesses with the national development agenda. The details of on corporate social responsibility are mentioned in the Section 135 of the Companies Act, 2013. The Act came into force from April 1, 2014, every company, private limited or public limited, which either has a net worth of Rs 500 crore or a turnover of Rs 1,000 crore or net profit of Rs 5 crore, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on Corporate social responsibility activities. The CSR activities in India should not be undertaken in the normal course of business and must be with respect to any of the activities mentioned in Schedule VII of the act.