Current Affairs Quiz - July, 2020

Notes:
A team of engineers at Indian Institute of Science (IISc) had developed an intensive care unit (ICU) grade ventilator under the name of ‘Project Praana’.
Recently, the team has successfully completed the prototyping of the ventilator, which is now in the process of being commercialised. The affordable ventilator uses only components made in India or components which are easily available in the domestic markets. The team developed the ventilator in a record 35 days.

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The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds.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:
United Nations Office on Drugs and Crime (UNODC) is a United Nations office for Drug Control and Crime Prevention, headquartered at Vienna, Austria.
According to the latest UNODC World Drug Report, about 26.9 crore people used drugs in 2018, which was 30% more than the 2009 count. The largest share of drug users comprised of adolescents and young adults. Overall opioid users in India is estimated to have increased five times, as compared to those in 2004.

Notes:
An Artificial Intelligence enabled digital platform of the Indian Government named MyGov Corona Helpdesk bagged two awards at the Global Leadership Summit, CogX 2020.
The helpdesk bagged two awards under categories namely “Best Innovation for Covid-19 – Society” and “People’s Choice Covid-19 Overall Winner”. CogX 2020 is a prestigious Global Festival of AI & Emerging Technology held annually in London.

Notes:
Former Union minister and Rajya Sabha member Suresh Prabhu is to lead a Co-Operative Development Forum (CDF).
The CDF forum, that is likely to be formally launched on July 24, aims to work towards promoting cooperative movement in the country and boost the rural economy. Suresh Prabhu is also the Sherpa of India for G 20. The forum also aims to formulate the modern National/ State Cooperative Policy.

Notes:
The Science and Engineering Research Board (SERB) has launched a new scheme called ‘Accelerate Vigyan’.
It aims to provide a single exclusive platform for research internships and science workshops across the country. It also aims to encourage high-end scientific research and research careers. Several programmes to identify research potential, training programmes are to be carried out across the country.

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 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:
The United States-Mexico-Canada Agreement (USMCA) is set to replace the 25-year-old NAFTA (North American Free Trade Agreement).
The renegotiated deal comes into effect from July 1. USMCA is a trilateral agreement between three countries namely the United States, Mexico and Canada. The deal was originally signed in 2018 and since then the countries have been working to implement the new deal. It seeks to support the technology sector and include USD 600 million to address environmental problems.

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.