Current Affairs Quiz - July, 2020

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The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds.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:
Union Minister for Food Processing Industries, Harsimrat Kaur Badal has launched the Pradhan Mantri Formalization of Micro Food Processing Enterprises (PM FME) scheme.
The scheme has been launched as a part of “Atmanirbhar Bharat Abhiyan”. It is claimed to generate a total investment of Rs 35,000 crore and generate 9 lakh skilled and semi-skilled employment. The scheme would benefit 8 lakh units through access to information, training and better exposure.

Notes:
Veteran American Designer Milton Glaser, who was famous for his “I (HEART) NY” logo, passed away recently at the age of 91.
He was considered as a Pioneer in using brightly coloured, extroverted posters and book covers in American visual culture in the 1960s and ’70s. Glaser had designed more than 400 posters during his long art career. A book titled “The Push Pin Graphic: A Quarter Century of Innovative Design and Illustration” describes his life.

Notes:
Union Sports Minister Kiren Rijiju has unveiled National Anti-Doping Agency’s first mobile application to provide information about prohibited substances and their use.
This application is expected to provide easily accessible information of NADA, so that the athletes and their coaches would remain cautious about the prohibited drugs and medicines. The app also provides means for easy process of conducting a dope test.

Notes:
The Ministry of Road Transport and Highways (MoRTH) is set to launch a cashless scheme for road accident victims.
The Ministry is to establish a Motor Vehicle Accident Fund under its aegis, for implementing the scheme. It will have an insurance coverage cap of Rs 2.5 lakh per case and enables all road accident victims of Indian or foreign nationality, to be eligible.

Notes:
Indian Oil Corporation and Beximco LPG have signed an agreement to form a Joint venture company for LPG business in Bangladesh.
The Joint venture company (JVC) aims to set up a large LPG terminal at a deep-water port in Bangladesh, to receive LPG and reduce import. It will begin functioning by acquiring existing LPG assets of Beximco.

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:
The Central Marine Fisheries Research Institute (CMFRI) has released its report on the Annual Marine Fish Landings in India for 2019.
As per the report, the marine fish production of India recorded a marginal rise of 2.1% in 2019, with 3.56 million tonnes in total landings. It also ranked Tamil Nadu in the first position with 7.75 lakh tonnes. It is followed by Gujarat and Kerala. Gujarat was at the top spot in the recent years.

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:
‘Dharma Chakra Parvattana’ is a famous celebration of Buddhism, which commemorates Gautam Buddha’s first discourse to his first five disciples at Sarnath.
The International Buddhist Confederation, under the Ministry of Culture, celebrates Ashadha Poornima as Dharma Chakra Day. The Prime Minister has recently conveyed his greetings on Ashadha Poornima, also known as Guru Purnima.