Current Affairs Quiz - July, 2020

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:
Amazon has recently acquired the Self-driving Car start-up firm Zoox, in a deal estimated to be worth over USD 1 billion.
Zoox is an American company, which employs more than 1000 persons and was also developing an electric self-driving vehicle. As per sources, this is Amazon’s biggest investment so far in self-driving car technology. This is also one of its biggest purchases ever. The technology is expected to be deployed in automated delivery projects of Amazon.

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:
The state government of Maharashtra has launched the world’s largest convalescent plasma therapy project named PLATINA, for treating COVID-19.
The trial-cum-project is expected to save at least 500 lives of critically-ill Covid-19 patients in the state. The trial will be carried out in government medical colleges and BMC medical colleges. All critical patients will receive two doses of 200 ml of convalescent plasma under the project, free of cost.

Notes:
June 30 is the day designated by the United Nations to celebrate the International Day of Parliamentarism.
The United Nations General Assembly recognized the role of parliaments in developing the world, and designated the special day. On the same day in the year 1889, the global organization of parliaments called the Inter-Parliamentary Union (IPU) was established.

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 Union Government has recently launched the Special Liquidity Scheme improve the liquidity of Non-Banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs).
The corpus of the scheme is Rs 30000 crore rupees and it was launched through a Special Purpose Vehicle in the form of a trust set up by SBI Capital Markets. The Union Government will provide unconditional and irrevocable guarantee to the special securities issued by the Trust.

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 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.