Current Affairs Quiz: March 7, 2020

Notes:
The Chief Minister of Haryana recently announced during the budge session that the state government is to provide credit guarantee of loans for higher education, so that the students can avail loans without the collateral guarantee required by the banks.
The state has also created a separate Foreign Cooperation Department for the welfare of non-resident Indians and employment.

Notes:
According to the recent QS World Ranking, the Indian Institute of Technology (IIT) in Mumbai and Delhi are among the top 50 engineering colleges across the globe. IIT Mumbai has been ranked 44 and IIT Delhi has got the 47th rank. There are only two Indian colleges to feature in the top-50 ranking.
As per the QS World Ranking for the subject of arts and humanities, Jawaharlal Nehru University (JNU) of Delhi is at 162nd rank and Delhi University is at 231st rank.

Notes:
The government approved a scheme for the amalgamation of 10 state-owned banks into four, in the month of March 2020 and announced that the integration will be made effective from April 1, 2020. After this process, India will have 12 Public Sector Banks.
Punjab National Bank, Oriental Bank of Commerce, and United Bank of India will amalgamate to form India’s second largest bank after the State Bank of India. Other groups are Canara Bank- Syndicate Bank, Union Bank of India-Andhra Bank-Corporation Bank and Indian Bank- Allahabad Bank.

Notes:
The Direct Tax Vivaad Se Vishwas Bill 2020 has been recently passed by the Lok Sabha. The bill was introduced in Lok Sabha by the Finance Minister Nirmala Sitharaman, on February 5, 2020.
The Bill provides a mechanism for resolution of pending tax disputes in direct tax including income tax and corporation tax. It seeks that taxpayers can settle disputes by paying their due taxes with waiver of interest and penalty by March 31, 2020.

Notes:
A two-day Indian Army International Seminar named ‘PRAGYAN CONCLAVE 2020’ is being organised by Centre for Land Warfare Studies (CLAWS).
The Seminar commenced on 04 Mar 2020 in New Delhi. The event creates a platform for national and international military experts to discuss on the subject of ‘Changing Characteristics of Land Warfare and its Impact on the Military’.