Top Best Current Affairs 11 May 2020 (2)

On 7th May 2020, The Central Board of Direct Taxes(CBDT) amended Rule 44G of Income-tax Rules, 1962 for making an application to invoke the mutual agreement procedure in Form no.34F which will be called Income-tax (8th Amendment) Rules, 2020.

Telangana becomes first state to extend lockdown beyond May 17, till May 29.

Telangana becomes first state to extend lockdown beyond May 17, till May 29.

Telangana becomes first state to extend lockdown beyond May 17, till May 29.

On 8th May 2020, The Carlyle Group, an United States(US) based private equity firm acquired 74% stake in SeQuent Scientific Limited, the largest animal healthcare company from India for Rs.1,587 crore($210 million) for Rs.86 apiece. SeQuent is a pure-play animal healthcare company with global operations and provides pharmaceutical ingredients, formulations and analytical services in more than 100 countries and manufacturing in India, Spain, Turkey, Germany and Brazil.

The International Energy Agency (IEA) released the Global Energy Review in 2020. The report stated that 15% of the daily electricity demand has been reduced. It highlighted the carbon dioxide emissions and the global energy demand in the year 2020.

India Post has entered into a tie-up with the Indian Council of Medical Research (ICMR) for the delivery of Covid-19 testing kits all across the country. With its vast network of 1,56,000 post offices, India Post will make the delivery through its 16 regional depots to the 200 additional labs designated for Covid-19 testing in the country. The tie-up assumes crucial significance in view of ICMR setting an ambitious target to carry out around 1 lakh tests across the country per day.

ELSA Corp (English Language Speech Assistant Corporation) India, the education technology company based out of the US (United States), has appointed Indian Test team vice-captain Ajinkya Madhukar Rahane (31) as its brand ambassador for India, Middle East, ANZ (Australia & New Zealand) and SAARC (South Asian Association for Regional Cooperation).