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:
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The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds.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:
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:
Kholongchhu is the first joint venture hydroelectric project between India and Bhutan. A concession agreement for project was recently signed virtually.
This agreement will commence the construction and related works of the project, which is expected to be completed in the second half of 2025. The 600 MW project is located on the Kholongchhu river in eastern Bhutan. It will be implemented by Kholongchhu Hydro Energy Limited, a JV company formed between DGPC of Bhutan and Satluj Jal Vidyut Nigam Limited (SJVNL) of India.

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:
Prime Minister Narendra Modi announced that the Pradhan Mantri Garib Kalyan Anna Yojana would be extended till the end of November.
The scheme aims to provide free grains to more than 80 crore poor people of the country. The Prime Minister announced that more than Rs 90,000 crore will be spent in this expansion of Pradhan Mantri Garib Kalyan Anna Yojana.

Notes:
Food aggregator platform and unicorn start-up Swiggy has launched its own digital wallet Swiggy Money in partnership with ICICI Bank.
The full-fledged digital wallet enables single-click checkout experience and will let its customers to store money and pay for all food orders on Swiggy. Swiggy has used ICICI Bank’s insta wallet service API, to create its own wallet.

Notes:
The state Government of Madhya Pradesh is set to launch a new scheme called ‘Hamara Ghar-Hamara Vidyalaya’.
It means My Home-My school and the scheme aims to teach the school-going children, in a school-like environment. Under the scheme, the children of the state will learn to read and write and perform yoga, as per the State Education Centre.

Notes:
Leading Global Technology company, Microsoft has recently announced a new global skills initiative, which aims to train as many as 25 million people worldwide, in digital skills, by the end of the year.
Under this initiative, Microsoft uses the data to identify the jobs in demand and provides free content to develop the skills of people. It also provides certifications and free job-seeking tools. This programme has been launched amidst Covid-19 crisis, where several people are hit by job losses.

Notes:
Edelweiss Asset Management Company manages the Bharat Bond Exchange Traded Fund (ETF). It has formally launched the second series of the ETF.
During December 2019, it had launched the first series. With this tranche, the fund house seeks to raise up to Rs 14,000 crore from retail and institutional investors. Bharat Bond ETFs invest in AAA-rated papers of public sector companies (CPSEs and PSEs).