Current Affairs Quiz - July, 2020

Notes:
The head of Reliance Industries Ltd, Mukesh Ambani has moved up to become the fifth richest man in the world, as per the Hurun Research.
Last month, the billionaire was at eighth position in the list. Now, he surpassed Warren Buffet and shares 5th rank with Tesla founder Elon Musk and Former Microsoft CEO Steve Ballmer. His net-worth rose to USD 78 billion. Earlier, Jio platforms had raised Rs 117,588 crore from global investors.

Notes:
The officials at Wimbledon club has announced that will pay out USD 12.5 million in prize money to over 600 players despite the tournament’s cancellation.
The oldest tennis tournament in the world, London-based prestigious Wimbledon championship was cancelled because of the coronavirus pandemic. After consultations with their insurance provider, all the 256 players who would have competed in the main event will be paid equally.

Notes:
The Institute of Life Sciences (ILS), an autonomous institute of the Department of Biotechnology, has successfully established stable cultures of coronavirus from patient samples.
The Seventeen in-vitro cultures have been established using Vero cells, from samples of different locations and different virus loads. The cultured SARS-Cov-2 can be used in developing antibodies or antidotes, testing of antibodies and identifying therapeutic agents.

Notes:
India’s oldest apex industry body Federation of Indian Chambers of Commerce & Industry (FICCI) has projected India’s annual median GDP growth for 2020-21 at -4.5%.
This has been projected in the association’s Economic Outlook Survey in the SBI Banking and Economics Conclave. It had previously predicted India’s growth rate to be 5.5 per cent in the January 2020 survey. In the conclave, RBI Governor said that Indian economy has started showing signs of getting back to normalcy.

Notes:
India and Iran partnered to construct a rail line from Chabahar port to Zahedan, along the border with Afghanistan, four years ago.
Recently, Iran decided to proceed without India’s assistance and its Transport Minister has inaugurated the track-laying process for the Chabahar-Zahedan line. Recently, China finalised a 25 year-USD 400 billion strategic deal with Iran.

Notes:
The CEO of Google Sundar Pichai has recently announced the launch USD 10 billion ‘India Digitization Fund’.
This was announced at the ‘Google for India’ virtual live-stream event, which focused on accelerating India’s digital economy. Through this initiative, Google will invest about Rs 75000 Crores in India over the next 5 to 7 years. The fund will focus on enabling affordable access and information to every Indian.

Notes:
The Chairman of Tata Group N Chandrasekaran is selected for the US-India Business Council, USIBC Global Leadership Award this year.
Along with him, the CEO of Lockheed Martin, Jim Taiclet will also receive the award. The USIBC Global Leadership Awards are conferred on executives to recognise their leadership and their contribution in promoting trade and business between India and the United States.

Notes:
The Union Human Resource Development Minister Ramesh Pokhriyal Nishank launched a low-cost Covid-19 test developed by Indian Institute of Technology Delhi (IIT) Delhi.
The test kit named ‘Corosure’, has been claimed as the world’s most affordable probe free RT-PCR based Covid-19 diagnostic kit. It uses an alternative method of testing samples and costs approximately Rs 650 per kit.

Notes:
The UN Office on Drugs and Crime (UNODC) released a report titled the ‘World Wildlife Crime Report 2020’.
As per the report, Pangolin is the world’s most trafficked mammal and the number of times the mammal’s scales were seized increased nearly ten times between 2014 and 2018. The report also highlighted that zoonotic diseases account for 75 per cent of all emerging infectious diseases.

Notes:
Union Minister for Food Processing Industries Harsimrat Kaur Badal inaugurated the virtual Digital Indo- Italian Business Mission on Food Processing’.
The two-day event comprises of digital conferences, trade fair and B2B (Business to Business) meetings, which are being attended by 23 Italian companies. This Digital Sectorial business Mission is expected to promote the bilateral trade between India and Italy.