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:
World Trade Organisation (WTO) has set up a dispute panel on India’s tariffs on Information and Communication Technology (ICT) goods such as mobile phones, cameras, headphones.
WTO has agreed to the second request from the European Union for establishing the panel. The requests for dispute panels against India’s tariffs on ICT products were examined by the Dispute Settlement Body (DSB) of the WTO.

Notes:
Lepidopterists, those who specialises in studying moths and butterflies, have recently discovered two new species of butterflies namely Striped Hairstreak and Elusive Prince in Arunachal Pradesh.
The Striped Hairstreak was first recorded in Japan and the Elusive Prince was discovered in Vietnam. As per the Society for Education and Environmental Development (SEED), the discovery of two new species have increased the number of butterfly species of the country to 1327.

Notes:
Pulitzer Prize-winning Indian-American author and oncologist Siddhartha Mukherjee has been named as the ‘2020 Great Immigrants’ honourees by the Carnegie Corporation of New York.
Another Indian American Professor of Economics at Harvard University Raj Chetty also jointly received the honour. They have been honoured for their contribution towards the efforts in containing the COVID-19 crisis.

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 State Government of Nagaland has banned the sale of dog meat and commercial import and trading of dogs.
Several animal rights activists have been protesting the consumption of dog meat in the state. Earlier, the ‘animal bazaar’ of Dimapur, which sells dog meat was highlighted by several animal activists. Sale of cooked and uncooked dog meat is completely banned.

Notes:
Reliance Industries has recently launched a new video conferencing application named ‘JioMeet’, as a competition to the popular video conferencing app Zoom.
The JioMeet video conferencing app is available across all play stores and web. As per the statement of Reliance Jio, the application supports High Definition audio and video call quality. It allows a maximum of 100 participants and unlike Zoom, it does not have a restricted meeting time of 40 minutes.

Notes:
Ace Chinese Badminton player Lin Dan has recently announced his retirement form sports, at the age of 36.
Lin Dan won the gold medal at Beijing (2008) and London (2012) Olympics. He is considered as one of the greatest players of the sport. He was also a five-time World champion and a six-time All England champion.

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:
The state government of Odisha is set to launch a new financial assistance scheme called ‘Balaram Yojana’.
It is a sequel to the ‘KALIA’ scheme, which was launched with an aim to provide assistance to small and marginal farmers. Under the new scheme, the state will provide crop loans to 7 lakh landless sharecroppers in the state, through joint liability groups (JLGs) in the next two years.