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The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds.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:
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:
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 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:
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 Government of Maharashtra’s industrial infrastructure development agency, Maharashtra Industrial Development Corporation (MIDC) has recently signed a MoU with UK India Business Council.
The agreement aims to promote sustainable business relations between UK and India. This will help the state to develop its business environment and promote its partnership with the British business.

Notes:
India’s Public Service Broadcaster, All India Radio is set to broadcast its first ever News magazine program in Sanskrit.
The program is named as ‘Sanskrit Saptahiki’ and it will be broadcasted on every Saturday. The program would comprise of news from the world of Sanskrit and prominent developments of the week. The 20-minute programme can also be heard on All India Radio FM News Channel.

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:
The Chief Minister of Uttar Pradesh Yogi Adityanath has launched a plantation campaign named ‘Mission Vriksharopan’.
He planted a sapling at Kukrel forest Lucknow, on the occasion of the Guru Purnima, which is celebrated across the state. Under the mission, the state government has planned to plant at least 25 crore saplings in a single day, across the state.

Notes:
United Kingdom Minister Rishi Sunak has recently unveiled a dedicated 1.57 billion pounds rescue package for arts, culture and heritage industries.
Under the rescue package, affordable loans will be provided to the industries across the country, that employ more than 700,000 people. Thousands of organisations including performing arts and theatres, museums etc will be benefitted.