Current Affairs Quiz - July, 2020

Notes:
Economist and former Indian Administrative Service officer N K Singh is the Chairperson of the 15th Finance Commission.
Recently, the Finance Commission has decided to form a group to develop a mechanism to incentivise states for carrying out the agricultural reforms, that were announced as part of the Rs 20 lakh crore stimulus package. The group consists of Finance Commission member Ramesh Chand, Agriculture Secretary Sanjay Agarwal and Agriculture, Research and Education Secretary T Mahapatra.

Notes:
Wisden has named Ravindra Jadeja as ‘India’s Most Valuable Test Player of the 21st Century’. He is also named as the second most Valuable Test player in the world.
The list is topped by Sri Lanka’s legendary cricketer Muthiah Muralithatan. Wisden used CricViz, a detailed analysis tool in cricket to analyse performance of the players and award an ‘MVP rating’ to each player in world cricket. The 31-year old India’s spin-bowling all-rounder has scored an MVP rating of 97.3.

Notes:
June 30 is the day designated by the United Nations to celebrate the International Day of Parliamentarism.
The United Nations General Assembly recognized the role of parliaments in developing the world, and designated the special day. On the same day in the year 1889, the global organization of parliaments called the Inter-Parliamentary Union (IPU) was established.

Notes:
The Indian Air Force has successfully designed and developed an Airborne Locust Control System on Mi-17 helicopters to tackle the locusts attack.
The machine developed by the Indian Air Force can help in spraying pesticides over 750 hectares of affected land in a single mission. Union Agriculture Minister has also ordered for five aerial spray machines from United Kingdom, to deploy in IAF helicopters for locust control.

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. It is the national professional accounting body and the second biggest accounting organization in the world.

Notes:
Indian Oil Corporation and Beximco LPG have signed an agreement to form a Joint venture company for LPG business in Bangladesh.
The Joint venture company (JVC) aims to set up a large LPG terminal at a deep-water port in Bangladesh, to receive LPG and reduce import. It will begin functioning by acquiring existing LPG assets of Beximco.

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:
Everton Weekes, who was considered as one of the finest cricketers of the West Indies, has recently passed away at the age of 95.
During his eminent cricket career, he scored an average of 58.61 per innings, which included a world-record of five consecutive centuries in 1948. Weekes also jointly holds the record as the fastest to reach 1000 Test runs. He was also a member of the prestigious ICC Hall of Fame.

Notes:
Union Sports Minister Kiren Rijiju announced that the ministry will launch Target Olympic Podium Scheme (TOPS) Junior.
The scheme aims to train to train young athletes for the 2024 and 2028 Olympics. Under the existing TOPS scheme, senior athletes who have been identified as medal achievers for the Olympics are being trained. This was announced during the ‘Fit Hai To Hit Hai Fit India’ webinar.

Notes:
The Lieutenant Governor of Delhi Anil Baijal has recently inaugurated the Sardar Patel COVID care centre, which is claimed to be the largest in the world.
The 10,000-bed care centre has been built in a record time of 10 days. It has a COVID Care Centre (CCC), to treat asymptomatic positive patients and a Dedicated COVID Health Care (DCHC), to treat symptomatic cases.