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:
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:
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:
Nimu is a small village located in the Union Territory of Ladakh. It is surrounded by the Zanskar range and located on the banks of the Indus river.
The place was seen in news recently, as Indian Prime Minister Narendra Modi travelled to Nimu, to interact with Indian troops. Nimu is the reserve brigade headquarter of the Indian Army, situated at 11,000 feet near Kargil. The Border Road Organisation (BRO) is constructing a road from Padum in the Zanskar Valley to Nimu.

Notes:
The Cabinet Secretary of India Rajiv Gauba has ordered to revamp the e-SamikSha platform of the Indian Government.
It is a real time, online system for monitoring projects and decisions taken by the Union government and the follow-up actions by ministries. In the revamped platform, additional information related to milestones with target dates, beneficiary states and districts will also be captured.

Notes:
Former Reserve Bank of India (RBI) Governor Urjit Patel has authored a book titled ‘Overdraft: Saving the Indian Saver’.
The book is set to be released by the end of July 2020. The book focusses on the non-performing assets (NPAs) issue that has caused huge distress to the country’s banking sector. It also highlights the causes of NPAs and the efforts of Urjit Patel to deal with the issue as the Governor of RBI.

Notes:
Indian Railways has set up a solar power plant, for the first time in the world, which directly provides power to the Railway Overhead Line, in collaboration with Bharat Heavy Electrical Limited (BHEL).
Such a solar power plant has been established at Bina Traction Sub Station, Madhya Pradesh. The 1.7 Mega-watt solar power plant can produce around 25 lakh units of energy in a year and save about Rs 1.37 crore per year.

Notes:
Ace racing driver of Finland Valtteri Bottas has recently won the season-opening Austrian Grand Prix at Spielberg.
Formula One champion Lewis Hamilton could finish only in the fourth position, after he suffered a penalty. Charles Leclerc bagged the second place for Ferrari and 20-year-old racer Lando Norris won third position for McLaren.

Notes:
World Chess champion, Norwegian Grand Master Magnus Carlsen has won the Chessable Masters online tournament.
This tournament is the third event of the Magnus Carlsen Tour. Carlsen has won by scoring a straight-set victory in the final. He has faced Dutch chess player Anish Giri in the final. This is also the second time, Carlsen is winning the tournament, out of the three events of the tour.

Notes:
The Chief Minister of West Bengal Mamata Banerjee has launched the state’s own document scanning application named ‘Self Scan’.
The application has been developed by the state’s information technology department. This has been launched amidst the ban imposed by the Centre over 59 Chinese mobile apps. The Chief Minister also inaugurated the state’s first Plasma Bank for treatment of COVID-19 positive patients.