Current Affairs Quiz - July, 2020

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:
Jack Charlton, who was a part of the 1966 World cup winning English Football team, has recently passed away, at the age of 85.
He played for the Leeds United football club for nearly 21 years before managing the Republic of Ireland. He was also a Manager of British football club Newcastle United F.C.

Notes:
The United Nations Economic and Social Council (ECOSOC) is one of the six principal organs of the United Nations, headquartered at New York.
The High-Level Segment of UN ECOSOC (United Nations Economic and Social Council) is to be held on July 17 in New York in the theme of “Multilateralism after COVID19: What kind of UN do we need at the 75th anniversary”. Indian Prime Minister Narendra Modi is to address the valedictory session.

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:
Coir Board is a statutory body established by the Government of India under the Coir Industry Act 1953, functioning under Ministry of MSME.
Recently, the export of coir and coir products from India in the year 2019-20 touched the highest point at Rs. 2757.90 crore. This is also Rs. 30 crore more than that of the last year, which stood at Rs. 2728.04 crore. Around 9 lakh metric tonnes of coir and coir products were exported.

Notes:
As per the recent data by the Ministry of Commerce and Industry, India posted a trade surplus of USD 790 million in June 2020.
This surplus has been recorded for the first time after over 18 years. Due to the Covid-19 induced decrease in domestic demand for crude oil, gold and other industrial products, the country’s import was deeply reduced. This led to a trade surplus with imports of USD 21.11 billion and exports of USD 21.91 billion.

Notes:
National Bank for Agriculture and Rural Development (NABARD) has launched development projects worth Rs 44 lakhs in Andaman and Nicobar Islands.
The projects include the formation and development of Self-Help Groups (SHGs). The SHG members are provided training and skill development to promote rural entrepreneurship in Mushroom Cultivation and Bamboo Handicrafts making etc. An annual Micro-Entrepreneurship Development Programme will also be organised by NABARD in the UT.

Notes:
Elyes Fakhfakh, the Prime Minister of the North African country Tunisia, has recently submitted his resignation.
Earlier, there was an allegation that the Prime Minister holds a stake in a waste processing company that won government contracts worth 15 million euro. Investigations are being carried out in this case.

Notes:
The state government of Andhra Pradesh has recently constituted a high-level committee constitute new districts with Lok Sabha constituency as base.
As per the decision made during the Cabinet meeting presided over by Chief Minister YS Jagan Mohan Reddy, this high-level committee will be headed by the Chief Secretary. The committee will study the feasibility of forming new districts and reducing expenditure.