Current Affairs Quiz - July, 2020

Notes:
India’s drug regulator Drugs Controller General of India (DCGI) Dr V G Somani has recently approved ‘Itolizumab’ injection for treating coronavirus patients.
As per the Union Health Ministry, the drug used to treat psoriasis, will be used for emergency use on Covid-19 patients with medium to severe acute respiratory conditions. The drug has been manufactured by the biopharmaceutical company Biocon, led by Kiran Mazumdar-Shaw.

Notes:
The incumbent Prime Minister of Singapore, Lee Hsien Loong’s People’s Action Party has retained its power in the recently held general elections.
The ruling party has been in power in Singapore since 1965. This time it has won 83 of 93 parliamentary seats, which implies 61.2 per cent of the vote. In a surprise move, the opposition Workers’ Party made their best performance by securing a record 10 seats, for the first time.

Notes:
‘India Cycles4Change Challenge’ is a new initiative of the Union Ministry of Housing and Urban Affairs, under its Smart Cities Mission.
The Ministry has recently opened the registration for the Challenge, which was originally launched on June 25, 2020. All cities under the Smart Cities Mission, capital cities of States/UTs and all cities with above 5 lakh population can apply through the newly launched portal and provide quick solutions for promoting cycling.

Notes:
The tropical Storm Fay has created heavy rains and floods and has made landfall in New Jersey, before it weakened and moved over the region.
As per the U.S. National Hurricane Center, the storm was moving north at 27 kph and producing top sustained winds of 64 kph. The storm created landfall along the coast of New Jersey. Several beaches in the place were closed and flash flooding is also expected.

Notes:
Veteran journalist cum political commentator Nagindas Sanghvi has recently passed away, at the age of 100.
He was a popular personality in Gujarati literature as a critic and political commentator. Nagindas Sanghvi was conferred with Padma Shri by the Indian government in the year 2019. Prime Minister Narendra Modi and Chief Minster Vijay Rupani condoled the demise of the journalist.

Notes:
The internet regulator of China, Cyberspace Administration of China has announced that it has launched a two-month nation-wide campaign to clean up websites aimed at users under the age of 18.
Earlier, China has imposed limits on online play time for young users after gaming addiction was rising among children. As per the watchdog, the aim of this campaign was to promote a healthy online environment.

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 Bombay Stock Exchange (BSE) has recently signed a Memorandum of Understanding (MoU) with IIT Alumni Council to encourage listing of start-ups.
IIT Alumni Council is the largest body of alumni, students and faculty across all the 23 IITs. The partnership aims at developing confidence among investors in the start-up’s platform. This will also ensure a complete ecosystem for the proposed social stock exchange.

Notes:
NITI Aayog has estimated that India needs 6.2% additional spending of GDP to achieve 2030 Sustainable Development Goals.
The country’s think tank said this in its second Voluntary National Review (VNR) at the UN high-level political forum (HLPF) on sustainable development, 2020. India needs to upgrade its statistical system, improve its monitoring mechanism and capacity building of all stakeholders. It also advised that the Budget should be aligned with SDGs.

Notes:
The Chairman of Reliance Industries, Mukesh Ambani has recently become the world’s sixth-richest person, as per the Bloomberg Billionaires Index.
Mukesh Ambani has recently crossed SpaceX founder Elon Musk and Alphabet co-founders Sergey Brin and Larry Page, to reach this position. Last week, he had surpassed Warren Buffet. The wealth of Mukesh Ambani is now worth USD 72.4 billion.