Current Affairs Quiz - July, 2020

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:
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:
Union Minister for Fisheries, Animal Husbandry and Dairying Giriraj Singh has launched the first edition of the Fisheries and Aquaculture Newsletter.
The newsletter has been named MATSYA SAMPADA and it is published by the Department of Fisheries, Ministry for Fisheries, Animal Husbandry and Dairying. The Minister also launched the Operational Guidelines of the Pradhan Mantri Matsya Sampada Yojana (PMMSY).

Notes:
Former Union minister and Rajya Sabha member Suresh Prabhu is to lead a Co-Operative Development Forum (CDF).
The CDF forum, that is likely to be formally launched on July 24, aims to work towards promoting cooperative movement in the country and boost the rural economy. Suresh Prabhu is also the Sherpa of India for G 20. The forum also aims to formulate the modern National/ State Cooperative Policy.

Notes:
Young Indian author Kritika Pandey has won the 2020 Commonwealth Short Story Prize, for her short story ‘The Great Indian Tee and Snakes’.
The 29-year-old writer is currently studying at University of Massachusetts Amherst. She was also declared as one of five Regional Winners for the 2020 Commonwealth Short Story Prize for her literary work.

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 United Nation’s trade and development body, UNCTAD (United Nations Conference on Trade and Development) has recently released a report ‘COVID-19 and Tourism’.
As per the report, the world’s tourism sector could lose at least USD 1.2 trillion or 1.5% of the global gross domestic product (GDP). If the break in international tourism lasts for 8 months, the loss could rise to USD 2.2 trillion or 2.8% of the global GDP.

Notes:
The President of France Emmanuel Macron has named Jean Castex as the next French Prime Minister.
The previous Prime Minister Edouard Philippe had resigned earlier. The President has reshuffled the Government to restart the country’s economy. Jean Castex is a 55-year-old public servant, who has also coordinated the re-opening strategy in the country.

Notes:
The World Bank assigns the countries of the world to four income groups namely low, lower-middle, upper-middle, and high-income countries.
The classifications are updated on July 1 every year and it is based on GNI per capita. In this year’s classification, seven economies including Nepal and Indonesia are moving to a higher category. Three economies including Sri Lanka have moved down to a lower category. India retains its Lower-middle position.

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.