Current Affairs Quiz - July, 2021

Notes:
The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS).
It would provide financial guarantee cover for brownfield expansion and greenfield projects related to health/ medical infrastructure. All eligible loans sanctioned up to 31.03.2022, or till an amount of Rs. 50,000 crore is sanctioned, whichever is earlier is covered.

Notes:
Charted Accountants (CA) Day is celebrated on July 1 every year to commemorate the finding of the Institute of Chartered Accountants of India (ICAI). The Institute of Chartered Accountants of India (ICAI) was established by the parliament of India in 1949 under an Act.

Notes:
Air Marshal Vivek Ram Chaudhari took over as Vice Chief of the Air Staff on July 1, 2021. He was commissioned into the fighter stream of the Air Force on December 29, 1982, and has a flying experience of more than 3800 hrs on a wide variety of fighter and trainer aircrafts.

Notes:
Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme is a centrally sponsored scheme launched by the Indian Government under the Atmanirbhar Bharat Abhiyan. The scheme aims to boost competitiveness of the existing MSMEs in the unorganised segment of the food processing industry by helping them become formalised.

This Rs.10,000 crore scheme will be implemented over a period of 5 years from 2020-21 to 2024-25. It recently marked one year of completion. It seeks to directly assist 2 lakh micro food processing units by providing them with financial, technical and business support required for expanding and upgrading the business.

Notes:
European Union’s Digital Covid certificate or ‘Green Pass’ is set to be rolled out on July 1 with an aim to facilitate free movement during the pandemic. Under this framework, persons who have taken vaccines authorised by the European Medicines Agency (EMA) will be exempted from travel restrictions within the EU region.

Notes:
The Central Government has brought into effect Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order 2021. As per the order, stock limits have been imposed on wholesalers, retailers, millers and importers of pulses.
Stock limits are prescribed for all pulses except Moong Daal until October 31, for all states and UTs. This decision was taken amidst the continuous rise in the prices of pulses.

Notes:
President Ram Nath Kovind laid the foundation stone of Dr. Bhimrao Ambedkar cultural centre in Lucknow.
The cultural centre will have a 25-feet high statue of Dr Ambedkar and will also have an auditorium with a capacity of 750 people, library, research centre, picture gallery, museum and a multi-purpose convention centre.

Notes:
India’s first Agriculture Export Facilitation Centre has been established in Pune. It will work as a one-stop centre for the exporters in agricultural sector.
The centre was established by the Mahratta Chamber of Commerce Industries and Agriculture (MCCIA) in association with the National Bank for Agriculture and Rural Development (NABARD).

Notes:
As per the provisional statistics of 2020-21 of the Coal Ministry, India’s total coal production registered a decline of 2.02 per cent to 716.084 million tonnes during 2020-21.
Of the total production, 671.297 MT was non-coking coal and 44.787 MT was coking coal. Chhattisgarh registered highest coal production of 158.409 MT, followed by Odisha and Madhya Pradesh. Jharkhand was the top producer of coking coal.

Notes:
The Reserve Bank of India mandated that 7.5 % of the bank’s total credit (ANBC or CEOBE) should be provided to Micro enterprises.
Recently, the Union MSME Ministry announced the inclusion of retail and wholesale trade under MSMEs (Micro, small and medium enterprises). As per this categorisation, the traders will now get the benefit of priority sector lending under RBI guidelines. They will also be eligible for availing immediate-term finance as part of the schemes announced under ‘Atmanirbhar Bharat’.