Current Affairs Quiz - July, 2020

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 approved USD 250 million loan for affordable housing projects of Tamil Nadu. The Government of India, state government of Tamil Nadu and the World Bank has signed legal agreements regarding the project.
Out of the total loan, USD 200 million is approved for First Tamil Nadu Housing Sector Strengthening Programme and USD 50 million for Tamil Nadu Housing and Habitat Development Project. It aims to ease regulatory barriers and encourage private sector participation in affordable housing.

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:
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:
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:
Union Housing and Urban Affairs Minister has launched toolkit for the sixth edition of the annual cleanliness survey, Swachh Survekshan 2021.
MoHUA organises the annual survey for urban India. As part of Swachh Survekshan-2021, the Minister launched a new category of awards titled ‘Prerak Dauur Samman’. The award has a total of five sub- categories which awards top three cities, on the basis of six indicator-wise performance criteria.

Notes:
The Asian Development Bank (ADB) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS).
NGFS is a group of central banks and supervisors who will share best practices about climate risk management in financial sector. It was launched at the Paris One Planet Summit in the year 2017. It also mobilises finance for maintaining a sustainable economy.

Notes:
The Chief Minister of the state of Karnataka has launched ‘Weavers Sammaan Yojana’, to provide annual financial assistance of two thousand rupees to handloom weavers.
Around 20000 weavers of the state are to be provided financial aid through Direct Benefit Transfer. For implementing the scheme, the state has allocated Rs 10.96 crore rupees. The state has also proposed to give a one-time financial assistance to workers employed in power looms.

Notes:
The state government of Assam has decided to upgrade the Dehing Patkai wildlife sanctuary into a national park.
Earlier, the National Board of Wild Life (NBWL) under the Environment Ministry had recommended coal mining to be allowed within a portion of Dehing Patkai Elephant Reserve. After the upgradation of tis sanctuary, Assam will have 6 national parks. Dehing Patkai comprises of a variety of unique flora and fauna.

Notes:
Israel has launched a new surveillance satellite named ‘Ofek 16’, that will provide high-quality surveillance for its military activities
The satellite was launched into space by its indigenously developed Shavit rocket, which was used to launch the previous versions of Ofek satellites. It is an advanced electro-optical surveillance satellite developed by Israel Aerospace Industries.