Current Affairs Quiz - July, 2020

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The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds.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:
United Nations Office on Drugs and Crime (UNODC) is a United Nations office for Drug Control and Crime Prevention, headquartered at Vienna, Austria.
According to the latest UNODC World Drug Report, about 26.9 crore people used drugs in 2018, which was 30% more than the 2009 count. The largest share of drug users comprised of adolescents and young adults. Overall opioid users in India is estimated to have increased five times, as compared to those in 2004.

Notes:
Minister of Minority Affairs Shri Mukhtar Abbas Naqvi has laid the foundation stone for “Sanskritik Sadbhav Mandap” at Rampur, Uttar Pradesh.
The centre is being constructed with the cost of Rs 92 crore by Union Minority Affairs Ministry under Pradhan Mantri Jan Vikas Karykram (PMJVK). This community centre will be utilized for various socio-economic-cultural activities, skill development training and relief activities.

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:
June 30 is the day designated by the United Nations to celebrate the International Day of Parliamentarism.
The United Nations General Assembly recognized the role of parliaments in developing the world, and designated the special day. On the same day in the year 1889, the global organization of parliaments called the Inter-Parliamentary Union (IPU) was established.

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 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:
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.

Notes:
Leading Global Technology company, Microsoft has recently announced a new global skills initiative, which aims to train as many as 25 million people worldwide, in digital skills, by the end of the year.
Under this initiative, Microsoft uses the data to identify the jobs in demand and provides free content to develop the skills of people. It also provides certifications and free job-seeking tools. This programme has been launched amidst Covid-19 crisis, where several people are hit by job losses.

Notes:
The United States-Mexico-Canada Agreement (USMCA) is set to replace the 25-year-old NAFTA (North American Free Trade Agreement).
The renegotiated deal comes into effect from July 1. USMCA is a trilateral agreement between three countries namely the United States, Mexico and Canada. The deal was originally signed in 2018 and since then the countries have been working to implement the new deal. It seeks to support the technology sector and include USD 600 million to address environmental problems.