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 state government of Madhya Pradesh has formed a dedicated commission to create employment opportunities for the migrant labourers.
Named as the Madhya Pradesh State Migrant Labourer Commission (MPSMLC), it aims to create jobs to those who have returned from other parts of the country during the Covid 19-induced lockdown. The state government will nominate the chairman of the commission, which will suggest measures for the welfare of migrant labourers.

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:
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The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds.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:
National Productivity Council (NPC) is a national level autonomous organization under the administrative control of the Department for Promotion of Industry & Internal Trade (DPIIT), Ministry of Commerce & Industry, to promote productivity culture in India.
Recently, Union Commerce Minister Piyush Goyal chaired the 49th Governing Council Meeting of National Productivity Council (NPC).

Notes:
The government of New Delhi has recently announced the launch of the country’s first dedicated plasma bank for treating Covid-19 patients.
The facility would be set up at the Institute of Liver and Biliary Sciences (ILBS), and it will be made available to all government and private hospitals of the UT. The therapy involves drawing blood from patients who have recovered from covid-19 and using the plasma and antibodies to treat active patients.

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:
World Trade Organisation (WTO) has set up a dispute panel on India’s tariffs on Information and Communication Technology (ICT) goods such as mobile phones, cameras, headphones.
WTO has agreed to the second request from the European Union for establishing the panel. The requests for dispute panels against India’s tariffs on ICT products were examined by the Dispute Settlement Body (DSB) of the WTO.

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.