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The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds.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:
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:
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 Indian Air Force has successfully designed and developed an Airborne Locust Control System on Mi-17 helicopters to tackle the locusts attack.
The machine developed by the Indian Air Force can help in spraying pesticides over 750 hectares of affected land in a single mission. Union Agriculture Minister has also ordered for five aerial spray machines from United Kingdom, to deploy in IAF helicopters for locust control.

Notes:
The Union Ministry of Food and Public Distribution implements the “PM Garib Kalyan Anna Yojana” scheme.
The Minister for Food and Public Distribution Ram Vilas Paswan has recently released the details of the 2nd Phase of PM Garib Kalyan Anna Yojana. Under the scheme, 5 kilograms of Wheat or Rice to every family member and 1 kilogram of Chana (Pulse) for each beneficiary family will be provided without price for five more months, till November.

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:
The UN Security Council has unanimously adopted the first COVID-19-related resolution and demanded an end to hostilities around the world.
The resolution was drafted by France and Tunisia. The council was severely criticised for its failure to draft a resolution since the Covid-19 crisis. UNSC’s two permanent veto-wielding members namely the US and China delayed its attempts to adopt a resolution.