Current Affairs Quiz - July, 2020

Notes:
According to the data of the commerce ministry, the United States was the top trading partner for the second consecutive fiscal in 2019-20.
In the year 2019-20, the bilateral trade between the US and India was at USD 88.75 billion compared to USD 87.96 billion in 2018-19. China was India’s top trading partner from 2013 to 2017. The US surpassed China to become the top trading partner of India in 2018-19.

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:
Reliance Industries Ltd (RIL) became the first Indian company to hit a market capitalisation of Rs 12 lakh crore.
In less than a month, the company has added over a market capitalisation of Rs 1 lakh crore, to stand at Rs 12.24 lakh crore. Since April, the company witnessed investments from 12 global investors. Recently, the wireless technology leader Qualcomm invested Rs 730 crores in Jio platforms.

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:
United Nation’s Children Fund (UNICEF) has announced its partnership with trade body FICCI, to develop a campaign to support the most vulnerable populations and children.
FICCI and UNICEF will jointly work on an action plan based on the document prepared by the International Chamber of Commerce and UNICEF. FICCI’s Economic Development Foundation (SEDF) will be deployed to mobilise funds, reach out the vulnerable and provide assistance.

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 World Health Organization and UNICEF has warned about the huge decline in the number of children receiving life-saving vaccines around the world.
Due to the disruptions in the immunization services caused by the COVID-19 pandemic, this dip has been observed. The HPV (Human Papillomavirus) vaccines to be sent to 106 countries are in the verge of lapsing. The number of children completing 3 doses of the vaccine against diphtheria, tetanus and pertussis (DTP3) also reduced for the first, in the last 28 years.

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.

Notes:
The Reserve Bank of India (RBI) has announced has released guidelines for ‘Fair Practices Code’ for Asset Reconstruction Companies (ARCs).
The guidelines are released by the RBI, under the powers conferred by the SARFAESI Act, 2002. As per the recent guidelines ARCs have to follow transparent and non-discriminatory practices in acquisition of assets.

Notes:
Solar Orbiter Mission is the collaboration between NASA and the European Space Agency (ESA) and it was launched in the month of February 2020.
NASA has recently released the images from the Orbiter including the closest pictures ever taken of the Sun, to the public. The spacecraft has closely passed the Sun for the first time in the month of June. The orbiter carries six imaging instruments, to capture the layers of Sun.