Current Affairs Quiz - July, 2020

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:
The Union Government has announced the launch of Taxable Floating Rate Savings Bonds, 2020, that will be available for subscription for retail investors from July 1, 2020.
The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds. The interest rate on these bonds will be reset every six months while the initial rate of interest is fixed at 7.15 per cent. The bonds shall be repayable on the expiration of seven years from the date of issue.

Notes:
The 36-year-old Indian umpire Nitin Menon recently became the youngest member of the International Cricket Council’s Elite Panel of Umpires.
He replaced England’s Nigel Llong for the upcoming 2020-21 season. Nitin Menon has officiated in three Tests, 24 ODIs and 16 T20Is. He is only the third from India to enter the prestigious group after former captain Srinivas Venkatraghavan and Sundaram Ravi. Michael Gough of England (40), had been the youngest in the current panel.

Notes:
The World Bank has recently approved of project called ‘Strengthening Teaching-Learning and Results for States Program (STARS)’ for India.
The project aims to improve the quality and governance of school education in six States of India namely Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Odisha, and Rajasthan, through the Samagra Shiksha. World Bank would provide an assistance of USD 500 million (about Rs 3,700 crore).

Notes:
The Ministry of Road Transport and Highways (MoRTH) is set to launch a cashless scheme for road accident victims.
The Ministry is to establish a Motor Vehicle Accident Fund under its aegis, for implementing the scheme. It will have an insurance coverage cap of Rs 2.5 lakh per case and enables all road accident victims of Indian or foreign nationality, to be eligible.

Notes:
The World Bank has approved a USD 750 million MSME Emergency Response program, to support micro, small, and medium enterprises (MSMEs) affected by the COVID-19 pandemic.
As per the World Bank’s Board of Executive Directors, the programme will help in improving funding capacity of Small finance banks (SFBs) and Non-banking financial companies (NBFCs) for the MSME sector. This is expected to provide liquidity to about 1.5 million viable MSMEs. The loans have a maturity period of 19 years.

Notes:
The Science and Engineering Research Board (SERB) has launched a new scheme called ‘Accelerate Vigyan’.
It aims to provide a single exclusive platform for research internships and science workshops across the country. It also aims to encourage high-end scientific research and research careers. Several programmes to identify research potential, training programmes are to be carried out across the country.

Notes:
The United Kingdom has recently recognised Venezuelan opposition leader Juan Guaido as the country’s constitutional interim President.
A case has been held over whether Guaido or Nicolas Maduro have control on the country’s USD 1 billion worth gold reserves held in the Bank of England. In the ruling of the English High Court, it has declared Guaido as Venezuela’s legitimate leader. Though Maduro won the second term, the opposition has majority.

Notes:
The Central Marine Fisheries Research Institute (CMFRI) has released its report on the Annual Marine Fish Landings in India for 2019.
As per the report, the marine fish production of India recorded a marginal rise of 2.1% in 2019, with 3.56 million tonnes in total landings. It also ranked Tamil Nadu in the first position with 7.75 lakh tonnes. It is followed by Gujarat and Kerala. Gujarat was at the top spot in the recent years.

Notes:
International Day of Cooperatives is celebrated on the first Saturday of July every year. This year, it is observed on July 4, 2020.
The theme of the International Day of Cooperatives 2020 is Cooperatives for Climate Action. The objective of the day is to create awareness about cooperatives and highlight the contributions of the cooperative movement to the development of the world.