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:
Veteran Opposition leader of Ireland Micheál Martin has been named as the next Prime Minister of the country, by the Parliament.
The 59-year-old leader took charge as the Prime Minister, to head the first coalition uniting the two prime parties. Micheál Martin had earlier held several important ministries including health, trade, foreign affairs and education.

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:
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:
A MoU was recently signed between Indian Oil, NTPC Ltd and South Delhi Municipal Corporation (SDMC), to develop a demonstration Waste-to-energy Plant at Okhla landfill site in Delhi.
The plant is to be developed using Gasification technology and it shall process 17500 tons per annum of Refuse Derived Fuel (RDF) from combustible components of Municipal Waste. Minister of Petroleum and Natural Gas & Steel, Dharmendra Pradhan and Minister of State for Power and New & Renewable Energy, R K Singh were present during the virtual event.

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:
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:
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 Indian Institute of Technology (IIT) Madras has launched the world’s first online Diploma and Bachelor of Science Degree in Data Science and programming.
The course has no age limit and students who have passed class 12 can enrol. The course will be conducted online and its exams will be conducted in an offline mode. The course has three levels including the foundation, diploma and degree and it is divided into six semesters.

Notes:
The Union Environment Minister Prakash Javadekar has recently inaugurated an urban forest, in the Union Territory of New Delhi.
The urban forest is created with as many as 12,000 seedlings of 59 indigenous species. It is developed at the Office premises of the Comptroller and Auditor General of India. This is expected to form into a full-fledged forest by 2021 and will improve the Air Quality Index of the UT.