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:
Former Reserve Bank of India (RBI) Governor C Rangarajan has been conferred with the lifetime achievement award for his contribution to statistics.
The award has been given to him on the occasion of Statistics Day, which is celebrated on June 29 every year, to commemorate the birth anniversary of PC Mahalanobis, the ‘father of Indian statistics’. C Rangarajan had served as the Chairman of the National Statistical Commission.

Notes:
Wisden has named Ravindra Jadeja as ‘India’s Most Valuable Test Player of the 21st Century’. He is also named as the second most Valuable Test player in the world.
The list is topped by Sri Lanka’s legendary cricketer Muthiah Muralithatan. Wisden used CricViz, a detailed analysis tool in cricket to analyse performance of the players and award an ‘MVP rating’ to each player in world cricket. The 31-year old India’s spin-bowling all-rounder has scored an MVP rating of 97.3.

Notes:
The United States has recently eliminated the special status under U.S. law and halted Defence Exports to Hong Kong.
U.S has also restricted the access of the country to high technology products. This decision has been taken while China is preparing new Hong Kong security legislation. U.S also proposed to end the export of dual-use technologies to the territory, which have both commercial and military uses.

Notes:
The United Nations has raised USD 7.7 billion in humanitarian aid for the people affected by war in Syria.
The UN had organised a virtual donor conference with governments and non-official agencies. Among many countries that donated, Germany provided the single biggest country donation of 1.58 billion euros (USD 1.78 billion).

Notes:
Every year, July 2 is celebrated as World Sports Journalists Day or International Sports Journalists Day.
The day also recognises the importance of sports journalists around the world. It marks the anniversary of the International Sports Press Association (AIPS), that was established in 1924 during the Paris Olympics. AIPS is the peak professional body representing the international sports media.

Notes:
The Chief Minister of the state of Karnataka has launched ‘Weavers Sammaan Yojana’, to provide annual financial assistance of two thousand rupees to handloom weavers.
Around 20000 weavers of the state are to be provided financial aid through Direct Benefit Transfer. For implementing the scheme, the state has allocated Rs 10.96 crore rupees. The state has also proposed to give a one-time financial assistance to workers employed in power looms.

Notes:
Social media Giant Facebook has recently launched the new short-video platform named ‘Reels’ within its Instagram app.
This announcement has been released after a few days of ban imposed by the Centre on Chinese mobile applications including the popular short video app, TikTok. India is the fourth country to get the Reels feature after Brazil, France and Germany.

Notes:
The Union Cabinet chaired by the Prime Minister Narendra Modi has recently approved to establish an Agriculture Infrastructure Fund, with a corpus of Rs 1 lakh crore.
Under the scheme, loans amounting to Rs 1 lakh crore will be provided to Farmer Producers Organizations (FPOs), Self Help Group (SHG), agriculture entrepreneurs, start-ups among others, to improve their infrastructure and logistics facilities. This fund is a part of the Rs 20 lakh crore stimulus package announced by Union Government

Notes:
The Prime Minister of Ivory Coast, Amadou Gon Coulibaly has passed away recently, at the age of 61.
He is also the presidential candidate of Ivory Coast’s ruling party, in the upcoming Presidential elections. Due to his unprecedented death, a confusion has prevailed in the country about who will represent the party in the elections.