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:
Organisation for Economic Cooperation and Development (OECD) is the parent organisation of Global Forum on transparency and exchange of information for tax purposes.
According to the latest study by the Global Forum, India has been among the top-three jurisdictions to which Switzerland provided information about bank accounts and beneficiary ownership of entities, on request. The other two countries were France and Germany. The report recorded the requests during the period from July 2015 to June 2018.

Notes:
Union Defence Ministry has launched a new portal to issue No Objection Certificate (NOC) for power projects and Research Survey Exploration Exploitation (RSEE) activities in the Indian Territorial Waters and Exclusive Economic Zone.
The Ministry of Defence gives security clearances to various Private and Public Sector Undertakings for power, wind and solar projects in areas near defence installation. The new portal will allow applicants to submit their proposals online for seeking security clearance from the Ministry.

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:
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:
The World Bank has recently announced that it has enhanced its support for India’s flagship program to rejuvenate Ganga river.
World Bank would provide a USD 400 million assistance to the program, which will help reduce pollution and strengthen river basin management. The Second National Ganga River Basin Project (SNGRBP) will support the government’s Namami Gange program. The loan has a maturity of 18.5 years including a grace period of 5 years.

Notes:
Everton Weekes, who was considered as one of the finest cricketers of the West Indies, has recently passed away at the age of 95.
During his eminent cricket career, he scored an average of 58.61 per innings, which included a world-record of five consecutive centuries in 1948. Weekes also jointly holds the record as the fastest to reach 1000 Test runs. He was also a member of the prestigious ICC Hall of Fame.

Notes:
‘Dharma Chakra Parvattana’ is a famous celebration of Buddhism, which commemorates Gautam Buddha’s first discourse to his first five disciples at Sarnath.
The International Buddhist Confederation, under the Ministry of Culture, celebrates Ashadha Poornima as Dharma Chakra Day. The Prime Minister has recently conveyed his greetings on Ashadha Poornima, also known as Guru Purnima.

Notes:
Reliance Industries has recently launched a new video conferencing application named ‘JioMeet’, as a competition to the popular video conferencing app Zoom.
The JioMeet video conferencing app is available across all play stores and web. As per the statement of Reliance Jio, the application supports High Definition audio and video call quality. It allows a maximum of 100 participants and unlike Zoom, it does not have a restricted meeting time of 40 minutes.

Notes:
The state government of Odisha is set to launch a new financial assistance scheme called ‘Balaram Yojana’.
It is a sequel to the ‘KALIA’ scheme, which was launched with an aim to provide assistance to small and marginal farmers. Under the new scheme, the state will provide crop loans to 7 lakh landless sharecroppers in the state, through joint liability groups (JLGs) in the next two years.