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 electoral commission of the East African country Malawi has declared opposition alliance leader. Lazarus Chakwera, as the winner of the country’s presidential re-election.
The result of the previous May 2019 election has been declared invalid by the constitutional court, over allegations of irregularities. Lazarus Chakwera secured the required majority defeating the incumbent President Peter Mutharika, who has been in power since 2014.

Notes:
Organisation for Economic Cooperation and Development (OECD) is the parent organisation of Global Forum on transparency and exchange of information for tax purposes.
According to the latest study by the Global Forum, India has been among the top-three jurisdictions to which Switzerland provided information about bank accounts and beneficiary ownership of entities, on request. The other two countries were France and Germany. The report recorded the requests during the period from July 2015 to June 2018.

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:
According to a study published in the US science journal PNAS, researchers in China have discovered a new type of swine flu that is capable of triggering a pandemic.
The G4 flu is genetically descended from the H1N1 strain that caused a pandemic in 2009. As per the China’s Center for Disease Control and Prevention, G4 was observed to be highly infectious, replicating in human cells and causing more serious symptoms. More researches are being carried out on ferrets.

Notes:
The United Nations Educational, Scientific and Cultural Organisation (UNESCO) has released the Global Education Monitoring (GEM) Report.
As per the report, 40% of poorest countries failed to support learners at risk during COVID-19 crisis. It also revealed that fewer than 10% of countries have laws that help ensure inclusion in education. UNESCO urged all countries to focus on people who are left behind and improve inclusion.

Notes:
India’s flagship fitness awareness movement, Fit India is launching a new series of interactive sessions with ace sportspersons of the country.
This series of interactive sessions has been launched with an objective of inspiring young children of the country and to encourage them to actively take part in sports. Badminton star P V Sindhu and Indian football team captain Sunil Chhetri will launch the inaugural session, in the presence of HRD Minister and Sports Minister.

Notes:
The United States-Mexico-Canada Agreement (USMCA) is set to replace the 25-year-old NAFTA (North American Free Trade Agreement).
The renegotiated deal comes into effect from July 1. USMCA is a trilateral agreement between three countries namely the United States, Mexico and Canada. The deal was originally signed in 2018 and since then the countries have been working to implement the new deal. It seeks to support the technology sector and include USD 600 million to address environmental problems.

Notes:
The Defence Acquisition Council (DAC) has approved the proposal for procurement of 21 MiG-29 and upgradation of existing 59 MiG-29 aircraft from Russia at a cost of Rs 7418 crore.
It has also approved the procurement of 12 Su-30 MKI aircraft from Hindustan Aeronautical Ltd, at an estimated cost of Rs 10,730 cr. DAC cleared the acquisition of 248 Astra Beyond Visual Range air-to-air missiles for the Indian Air Force and the Navy. Other important equipment required by the Armed Forces were also approved for Rs 38,900 crore.

Notes:
India’s third largest telecom operator, Vodafone Idea reported the highest net loss in a fiscal year 2019-20.
The net loss of Rs 73,878 crore is the highest ever made by an Indian firm. The company had provisioned for the statutory dues, as mandated by the Supreme Court of India. This is the main reason of their huge net losses. Out of the total dues estimated by the Department of Telecom, it has paid Rs 6,854.4 crore.