Daily Current Affairs Quiz: April 16, 2021

Notes:
In the South American country of Chile, has witnessed the spread of a killer algae which has claimed the lives of more than 4,200 tonnes of salmon. The algal bloom has led to decreased water availability in waters that led to suffocating the salmon.
This is considered to be the latest mass mortality event recorded in Chile, which is the world’s second largest producer of salmon.

Notes:
The European Commission has proposed to make borrowings amounting 150 billion euros till the year 2026.
The proceeds of the borrowing will be used to make its economy greener and more digitalized. The funds are proposed to be raised through auctions and syndication through a primary deal network.

Notes:
Pakistani cricketer Babar Azam has topped the ICC men’s ODI batting rankings.
He has clinched the top spot after a huge gap by any one from the country since 2003. He has replaced Indian Skipper and Batsman Virat Kohli after he gained 13 points in the Pakistan South Africa series.

Notes:
Equalisation Levy also called the Google Tax is the taxation on non-resident e-commerce operators / service providers.
The collection of Equalisation Levy in India stood at Rs.2057 crore for FY 2020-21 and has doubled in comparison to the previous years. The increase in equalisation levy comes at the backdrop of US proposing retaliatory tariffs of up to 25 per cent on Indian goods like shrimps, basmati rice.

Notes:
The Government of New Zealand has introduced a new legislation, whereby banks, insurers and investment managers operating in the country are required to report the impacts of climate change on their business.
New Zealand is the first country to bring such legislation. As per the new legislation, banks with total assets of more than NZ$1 billion and insurers with more than NZ$1 billion in total assets have to make the disclosure.