Current Affairs Quiz - July, 2020

Notes:
A team of engineers at Indian Institute of Science (IISc) had developed an intensive care unit (ICU) grade ventilator under the name of ‘Project Praana’.
Recently, the team has successfully completed the prototyping of the ventilator, which is now in the process of being commercialised. The affordable ventilator uses only components made in India or components which are easily available in the domestic markets. The team developed the ventilator in a record 35 days.

Notes:
According to the guidelines issued by the insurance regulator, the Insurance Regulatory and Development Authority (IRDAI) has directed the general and health insurance companies to offer one short-term Covid-19 policy.
Named as the “Corona Kavach Policy”, the standard health policy would have a tenure period of 3.5 months to 6.5 months, and 9.5 months. As per the guidelines, the mode of payment would be a single premium. Another policy called Corona Rakshak, a standard benefit policy is also to be launched.

Notes:
National Productivity Council (NPC) is a national level autonomous organization under the administrative control of the Department for Promotion of Industry & Internal Trade (DPIIT), Ministry of Commerce & Industry, to promote productivity culture in India.
Recently, Union Commerce Minister Piyush Goyal chaired the 49th Governing Council Meeting of National Productivity Council (NPC).

Notes:
Minister of Minority Affairs Shri Mukhtar Abbas Naqvi has laid the foundation stone for “Sanskritik Sadbhav Mandap” at Rampur, Uttar Pradesh.
The centre is being constructed with the cost of Rs 92 crore by Union Minority Affairs Ministry under Pradhan Mantri Jan Vikas Karykram (PMJVK). This community centre will be utilized for various socio-economic-cultural activities, skill development training and relief activities.

Notes:
National Statistics Day is observed on June 29 every year in India. This year it was celebrated through virtual conference with the theme of Sustainable Development Goal (SDG) 3 (Ensure healthy lives and promote well-being for all at all ages) and SDG 5 (Achieve gender equality and empower all women and girls).
The Ministry of Statistics and Program Implementation instituted a new award ‘Prof. P. C. Mahalanobis National Award in Official Statistics’, which was conferred upon Former RBI Governor C Rangarajan. ‘Prof. P.V. Sukhatme National Award in Statistics 2020’ was given to Dr Arvind Pandey and Dr. Akhilesh Chandra Kulshreshtha.

Notes:
The Union Government has recently launched the Special Liquidity Scheme improve the liquidity of Non-Banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs).
The corpus of the scheme is Rs 30000 crore rupees and it was launched through a Special Purpose Vehicle in the form of a trust set up by SBI Capital Markets. The Union Government will provide unconditional and irrevocable guarantee to the special securities issued by the Trust.

Notes:
The Asian Development Bank (ADB) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS).
NGFS is a group of central banks and supervisors who will share best practices about climate risk management in financial sector. It was launched at the Paris One Planet Summit in the year 2017. It also mobilises finance for maintaining a sustainable economy.

Notes:
‘Dharma Chakra Parvattana’ is a famous celebration of Buddhism, which commemorates Gautam Buddha’s first discourse to his first five disciples at Sarnath.
The International Buddhist Confederation, under the Ministry of Culture, celebrates Ashadha Poornima as Dharma Chakra Day. The Prime Minister has recently conveyed his greetings on Ashadha Poornima, also known as Guru Purnima.

Notes:
As per the recent announcement from the Indian embassy, a new school building built with Indian assistance of Rs 1.94 crore has been inaugurated in Nepal.
The new four-storey building has been built in the premises of the Shri Saptmai Gurukul Sanskrit Vidyalaya school, which was constructed in the year 2009. It is a prestigious institution which teaches both Vedic and Modern education.

Notes:
Himachal Pradesh has recently become the first state in the country to provide LPG connections to all its households.
The state has been implementing ‘Himachal Grihini Suvidha Yojana’ scheme for implementing this objective. Under the scheme, around 2.76 lakh families in the state have benefitted by receiving LPG connections. The state also implemented Pradhan Mantri Ujjawala Yojana to provide free LPG connection to BPL families.