Current Affairs Quiz - July, 2020

Notes:
The President of World Bank, David Malpass has recently attended a G20 debt conference. He urged G-20 countries to freeze debt payment of poorest countries in 2021.
The World Bank head opined that this freezing of official bilateral debt payments by the world’s poorest countries will permanently reduce the debt load for the severely indebted countries. He also said that this procedure would be more helpful instead of delaying the debt payment.

Notes:
The Insurance Regulatory and Development Authority (IRDAI) has constituted a working group to study feasibility of forming a ‘pandemic risk pool’.
A pool is proposed to be formed, which addresses the risks that are arising out of the pandemic. The existing insurance laws do not cover business interruption losses and this pool is aimed to address this issue. The panel is expected to submit its report in eight weeks.

Notes:
The United Nations declared July 12 as ‘Malala Day’ every year, to honour the sixteen-year old Pakistani activist Malala Yousafzai, who was advocating the promotion of education of girls.
On the same day in 2013, she delivered an inspiring speech at the United Nations (UN) headquarters on the need for gender equality in education. The Nobel Peace Prize Laureate has recently completed her degree at the Oxford University.

Notes:
The state of Andhra Pradesh has rolled out an initiative of online registration of crops named e-Crop.
The state’s Revenue and Agriculture Department officials will jointly register crops online. At village level, village revenue officers and the village agriculture assistants will register the names of the farmers, details of their land, bank account and about his crops cultivated.

Notes:
The Union Health Minister Dr. Harsh Vardhan announced during the meeting with the 15th Finance Commission, that the Government is to gradually increase the public health expenditure to 2.5 per cent of the country’s GDP by 2025.
This is the government’s target of the National Health Policy 2017. He also confirmed that the primary health expenditure will be made about two-third of the total public health expenditure in the country.

Notes:
The flagship initiative of NITI Aayog, Atal Innovation Mission, (AIM) has launched a programme named ‘Demo-Days’.
The programme aims to identify start-ups with potential Covid-19 innovations and help them develop their ideas into workable solutions which will be deployed across the country. This was launched in partnership with other state-owned bodies including BIRAC, DBT, DST, Start-up India etc.

Notes:
The ‘World Youth Skills Day’ is celebrated across the world on July 15 every year, across the world. The United Nations General Assembly declared the day in the year 2014.
It highlights the importance of training young people with skills for decent employment and entrepreneurship. As per the announcement from the United Nations, several virtual events focussing on the theme of “Skills for a Resilient Youth” will take place, to mark the day. Skill India Mission was launched on the same day, five years ago.

Notes:
The CMD of Reliance Industries Limited (RIL), Mukesh Ambani announced at the annual general meeting, that Jio platforms and Google will jointly develop a new Android-based smartphone system.
An entry level affordable smart phone by optimising the Android operating system would be jointly developed by the two giants. Google also announced that it will invest Rs 33,737 crores in Jio for developing 5G technology.

Notes:
India has recently signed a Memorandum of Understanding with the United States, to store strategic reserves of Petroleum in the US.
The countries are also planning to store oil in America’s strategic reserve to increase India’s oil reserves. Union Minister of Petroleum and Natural Gas Dharmendra Pradhan co-chaired a virtual US-India Strategic Energy Partnership Ministerial with his American counterpart Energy Secretary Dan Brouillette.

Notes:
Union Ministry of Civil Aviation has recently established an Investment Clearance Cell (ICC), aimed at providing assistance and clearance of proposals.
The ICC will comprise of ten members and it will be headed by a Joint Secretary in the Ministry. The cell will be a single-window system for attracting investments and it will work closely with states to rope in investors.