Current Affairs Quiz - July, 2020

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:
Technology Information, Forecasting and Assessment Council (TIFAC), an autonomous organization under the Department of Science & Technology has prepared a white paper on “Focused Interventions for ‘Make in India’: Post COVID 19” and “Active Pharmaceutical Ingredients: Status, Issues, Technology Readiness and Challenges”.
Union Minister Harsh Vardhan released the white papers prepared by TIFAC, during a virtual event. The paper highlights high priority sectors, technologies and strategies to accelerate growth in the time of COVID-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:
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 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 Prime Minister of the United Kingdom Boris Johnson announced that the country is set to ban Chinese technology giant Huawei from the country’s 5G network.
This news has been announced amidst the rising tensions between the United States and China. The UK’s move is aligned towards supporting the US, in limiting the expansion of global telecom leader Huawei’s expansion in the west. The process will be completed by 2027.

Notes:
Former captain of Australian Football team recently announced that he is retiring from all forms of football.
He had earlier announced retirement from international football in the year 2018. The 35-year old footballer led the Australian men’s national team, also called as Socceroos, to the 2015 Asian Cup title.

Notes:
India has signed a new agreement with Israel to collaborate in the field of cyber security and to tackle the challenges in the field amidst the Covid-19 pandemic.
The MoU has been signed between the Indian Computer Emergency Response Team (CERT), Ministry of Electronics and Information Technology, and Israel’s National Cyber Directorate (INCD). Under the MoU, technological assistance and mutual services in cyber security will be exchanged.

Notes:
Indian Institute of Technology (IIT) Madras-incubated start-up named Modulus Housing has developed a portable hospital unit.
The foldable unit called ‘MediCAB’ can be installed by four people anywhere within two hours. ‘MediCAB’ was launched recently in Wayanad District, Kerala to treat Covid-19 patients. The start-up was founded by two IIT alumni in 2008 and it is in the process of developing micro hospitals.

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.