Current Affairs Quiz - July, 2020

Notes:
The electoral commission of the East African country Malawi has declared opposition alliance leader. Lazarus Chakwera, as the winner of the country’s presidential re-election.
The result of the previous May 2019 election has been declared invalid by the constitutional court, over allegations of irregularities. Lazarus Chakwera secured the required majority defeating the incumbent President Peter Mutharika, who has been in power since 2014.

Notes:
Kholongchhu is the first joint venture hydroelectric project between India and Bhutan. A concession agreement for project was recently signed virtually.
This agreement will commence the construction and related works of the project, which is expected to be completed in the second half of 2025. The 600 MW project is located on the Kholongchhu river in eastern Bhutan. It will be implemented by Kholongchhu Hydro Energy Limited, a JV company formed between DGPC of Bhutan and Satluj Jal Vidyut Nigam Limited (SJVNL) of India.

Notes:
Union Sports Minister Kiren Rijiju has unveiled National Anti-Doping Agency’s first mobile application to provide information about prohibited substances and their use.
This application is expected to provide easily accessible information of NADA, so that the athletes and their coaches would remain cautious about the prohibited drugs and medicines. The app also provides means for easy process of conducting a dope test.

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:
Veteran diplomat Indra Mani Pandey has been appointed as India’s next Permanent Representative to the United Nations and other international organisations in Geneva.
The Indian Foreign Service officer is currently serving as an additional secretary in the Ministry of External Affairs (MEA). He is to succeed the current representative hRajiv K Chander in Geneva. I.M Pandey had served in Indian missions in several places including Cairo, Islamabad and Kabul among others.

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:
The Union Territory of Delhi has announced that a plantation drive called ‘Paudhe Lagao, Paryavaran Bachao’ (Plant Saplings, Save Environment).
As per the Environment Ministry, Delhi is to launch a 17-day long plantation drive of 31 lakh saplings, to increase the green cover to 350 sq km by 2021. The aim of the drive is to create awareness about increasing green cover to reduce pollution in the UT. The period of the drive will be observed as “Vrikshaaropan Pakhavaada”.

Notes:
The United Nation’s trade and development body, UNCTAD (United Nations Conference on Trade and Development) has recently released a report ‘COVID-19 and Tourism’.
As per the report, the world’s tourism sector could lose at least USD 1.2 trillion or 1.5% of the global gross domestic product (GDP). If the break in international tourism lasts for 8 months, the loss could rise to USD 2.2 trillion or 2.8% of the global GDP.

Notes:
Edelweiss Asset Management Company manages the Bharat Bond Exchange Traded Fund (ETF). It has formally launched the second series of the ETF.
During December 2019, it had launched the first series. With this tranche, the fund house seeks to raise up to Rs 14,000 crore from retail and institutional investors. Bharat Bond ETFs invest in AAA-rated papers of public sector companies (CPSEs and PSEs).