Current Affairs Quiz - July, 2020

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The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds.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:
Veteran Opposition leader of Ireland Micheál Martin has been named as the next Prime Minister of the country, by the Parliament.
The 59-year-old leader took charge as the Prime Minister, to head the first coalition uniting the two prime parties. Micheál Martin had earlier held several important ministries including health, trade, foreign affairs and education.

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:
Wisden has named Ravindra Jadeja as ‘India’s Most Valuable Test Player of the 21st Century’. He is also named as the second most Valuable Test player in the world.
The list is topped by Sri Lanka’s legendary cricketer Muthiah Muralithatan. Wisden used CricViz, a detailed analysis tool in cricket to analyse performance of the players and award an ‘MVP rating’ to each player in world cricket. The 31-year old India’s spin-bowling all-rounder has scored an MVP rating of 97.3.

Notes:
Young Indian author Kritika Pandey has won the 2020 Commonwealth Short Story Prize, for her short story ‘The Great Indian Tee and Snakes’.
The 29-year-old writer is currently studying at University of Massachusetts Amherst. She was also declared as one of five Regional Winners for the 2020 Commonwealth Short Story Prize for her literary work.

Notes:
Charted Accountants (CA) Day is celebrated on July 1 every year to commemorate the finding of the Institute of Chartered Accountants of India (ICAI).
The Institute of Chartered Accountants of India (ICAI) was established by the parliament of India in 1949 under an Act. It is the national professional accounting body and the second biggest accounting organization in the world.

Notes:
Indian Oil Corporation and Beximco LPG have signed an agreement to form a Joint venture company for LPG business in Bangladesh.
The Joint venture company (JVC) aims to set up a large LPG terminal at a deep-water port in Bangladesh, to receive LPG and reduce import. It will begin functioning by acquiring existing LPG assets of Beximco.