Current Affairs Quiz - July, 2020

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:
ASEAN (Association of Southeast Asian Nations) leaders have met during the recent annual summit held via video conference.
ASEAN is a regional association with 10 member countries including Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines, Cambodia, Myanmar (Burma), Brunei, Laos. The Chair of ASEAN in 2020 is Vietnam, which hosted the virtual summit, due to travel restrictions amid the Covid-19 pandemic.

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:
The United States has recently eliminated the special status under U.S. law and halted Defence Exports to Hong Kong.
U.S has also restricted the access of the country to high technology products. This decision has been taken while China is preparing new Hong Kong security legislation. U.S also proposed to end the export of dual-use technologies to the territory, which have both commercial and military uses.

Notes:
India celebrates National Doctor’s Day on July 1 each year, in honour of the birth and death anniversary of Dr. Bidhan Chandra Roy.
He was a veteran physician of the country and the second Chief minister of West Bengal. Indian Government established the Doctor’s Day in the year of 1991. This year, the theme of the day is “Lessen the mortality of COVID-19”.

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.

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:
The Union Government has recently launched the Special Liquidity Scheme improve the liquidity of Non-Banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs).
The corpus of the scheme is Rs 30000 crore rupees and it was launched through a Special Purpose Vehicle in the form of a trust set up by SBI Capital Markets. The Union Government will provide unconditional and irrevocable guarantee to the special securities issued by the Trust.