Current Affairs Quiz - July, 2020

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:
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:
The World Bank has approved USD 250 million loan for affordable housing projects of Tamil Nadu. The Government of India, state government of Tamil Nadu and the World Bank has signed legal agreements regarding the project.
Out of the total loan, USD 200 million is approved for First Tamil Nadu Housing Sector Strengthening Programme and USD 50 million for Tamil Nadu Housing and Habitat Development Project. It aims to ease regulatory barriers and encourage private sector participation in affordable housing.

Notes:
Prime Minister Narendra Modi announced that the Pradhan Mantri Garib Kalyan Anna Yojana would be extended till the end of November.
The scheme aims to provide free grains to more than 80 crore poor people of the country. The Prime Minister announced that more than Rs 90,000 crore will be spent in this expansion of Pradhan Mantri Garib Kalyan Anna Yojana.

Notes:
The United Nations Educational, Scientific and Cultural Organisation (UNESCO) has released the Global Education Monitoring (GEM) Report.
As per the report, 40% of poorest countries failed to support learners at risk during COVID-19 crisis. It also revealed that fewer than 10% of countries have laws that help ensure inclusion in education. UNESCO urged all countries to focus on people who are left behind and improve inclusion.

Notes:
The Ministry of Home Affairs (MHA) has constituted a national level committee for reform in criminal law.
The committee is to be headed by Ranbir Singh, who is the Vice-Chancellor, National Law University-Delhi. The committee has many veteran legal academicians and it has invited opinions online on the possible reforms in the Indian Penal Code, Code of Criminal Procedure and Indian Evidence Act.

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:
Pulitzer Prize-winning Indian-American author and oncologist Siddhartha Mukherjee has been named as the ‘2020 Great Immigrants’ honourees by the Carnegie Corporation of New York.
Another Indian American Professor of Economics at Harvard University Raj Chetty also jointly received the honour. They have been honoured for their contribution towards the efforts in containing the COVID-19 crisis.

Notes:
India’s flagship fitness awareness movement, Fit India is launching a new series of interactive sessions with ace sportspersons of the country.
This series of interactive sessions has been launched with an objective of inspiring young children of the country and to encourage them to actively take part in sports. Badminton star P V Sindhu and Indian football team captain Sunil Chhetri will launch the inaugural session, in the presence of HRD Minister and Sports Minister.

Notes:
Former Chief Executive Officer and present Chairperson of Maruti Suzuki R C Bhargava has authored the book titled ‘Getting Competitive: A Practitioner’s Guide for India’.
In his book which is set to release, R C Bhargava explains his experience of more than 60 years as an industry leader. He has also given practical solutions to create a globally competitive country.