Current Affairs Quiz - July, 2020

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:
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:
Union Minister for Fisheries, Animal Husbandry and Dairying Giriraj Singh has launched the first edition of the Fisheries and Aquaculture Newsletter.
The newsletter has been named MATSYA SAMPADA and it is published by the Department of Fisheries, Ministry for Fisheries, Animal Husbandry and Dairying. The Minister also launched the Operational Guidelines of the Pradhan Mantri Matsya Sampada Yojana (PMMSY).

Notes:
International Zinc Association (IZA) has launched Asia’s first-ever Continuous Galvanized Rebar (CGR) manufacturing facility in Punjab.
The project would be supported by Hindustan Zinc Limited. It has been launched in collaboration with a private manufacturing company Madhav KRG Group. The new product called Continuously Galvanized Rebars (CGR) are value added rebars for better life and lower maintenance. Rebar is the short form of Reinforced Bar.

Notes:
India celebrates National Doctor’s Day on July 1 each year, in honour of the birth and death anniversary of Dr. Bidhan Chandra Roy.
He was a veteran physician of the country and the second Chief minister of West Bengal. Indian Government established the Doctor’s Day in the year of 1991. This year, the theme of the day is “Lessen the mortality of COVID-19”.

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:
The United Nation’s trade and development body, UNCTAD (United Nations Conference on Trade and Development) has recently released a report ‘COVID-19 and Tourism’.
As per the report, the world’s tourism sector could lose at least USD 1.2 trillion or 1.5% of the global gross domestic product (GDP). If the break in international tourism lasts for 8 months, the loss could rise to USD 2.2 trillion or 2.8% of the global GDP.

Notes:
Germany has recently become the first major economy to shut down coal and nuclear power. Both the houses of German Parliament have approved the phase-out decision.
It has decided to shut down coal-fired power plants by 2038 and nuclear power by the end of 2022. The country has also proposed to spend about 40 billion euros to help the affected regions in their transition.

Notes:
The World Bank assigns the countries of the world to four income groups namely low, lower-middle, upper-middle, and high-income countries.
The classifications are updated on July 1 every year and it is based on GNI per capita. In this year’s classification, seven economies including Nepal and Indonesia are moving to a higher category. Three economies including Sri Lanka have moved down to a lower category. India retains its Lower-middle position.

Notes:
Two Central public sector undertakings under the Ministry of Coal, namely the NLC India Ltd and Coal India have signed an agreement to form a Joint Venture Company, to develop green power.
The JV company aims to develop solar and thermal power assets of 5000 MW (5 GW) across the country. In the proposed company, both the enterprises will invest in the ratio of 50:50. The expertise of both PSUs would be used for developing power sector.