Current Affairs Quiz - July, 2020

Notes:
Major e-commerce marketplace Flipkart has recently signed an MoU with Karnataka MSME and Mines department to promote the states arts, crafts and handloom sectors, under the Flipkart Samarth programme
Under the partnership, local artisans and craftsmen of Karnataka are given a digital platform to exhibit their products in the e-commerce platform. They are given a broad market base by this partnership.

Notes:
Ministry of Skill Development and Entrepreneurship has launched ‘Aatamanirbhar Skilled Employee Employer Mapping (ASEEM)’ portal.
The Artificial Intelligence (AI)- based portal will provide a digital platform to the employers to evaluate the availability of skilled workforce, in their hiring process. The portal also helps the workforce to attain industry-relevant skills and search for job opportunities.

Notes:
The Kuaizhou-11 carrier rocket, that was launched by China, has recently suffered a failure during its maiden flight.
Kuaizhou means ‘fast ship’ in Chinese. It is a low-cost solid-fuelled carrier rocket, that was designed to launch low-Earth orbit satellites. A malfunction occurred during the flight though the exact reason for the failure is not yet known.

Notes:
The President of Turkey Recep Tayyip Erdogan has recently announced that the iconic architectural place of the country Hagia Sophia would be made a mosque, which gained criticism from across the world.
After the top Turkish court revoked the museum status of the monument, the President made this announcement. The UNESCO World Heritage site in Istanbul was first constructed as a cathedral but was converted into a mosque after the Ottoman conquest of Constantinople in 1453. It has been a museum since 1935 and open to people of all faiths.

Notes:
The head of Reliance Industries Ltd, Mukesh Ambani has moved up to become the fifth richest man in the world, as per the Hurun Research.
Last month, the billionaire was at eighth position in the list. Now, he surpassed Warren Buffet and shares 5th rank with Tesla founder Elon Musk and Former Microsoft CEO Steve Ballmer. His net-worth rose to USD 78 billion. Earlier, Jio platforms had raised Rs 117,588 crore from global investors.

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:
France celebrates its national day Fête nationale also called as Bastille Day every year on July 14. It commemorates the storming of the Bastille fortress on July 14, 1789, which was a turning point in the French Revolution.
Due to the Covid-19 pandemic crisis, the country celebrated a downsized ceremony, as the historic annual military parade was called off, for the first time since 1945. Only half of the soldiers gathered at the Place de la Concorde.

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:
As per the statement released by the Directorate General of Foreign Trade (DGFT), the Government has amended the import policy of Power tillers and its components from ‘free’ to ‘restricted’.
The importer is required to seek a license from the DGFT for importing the product categorised as ’restricted’. This move is expected to curb the inward shipment of the equipment that comes mainly from China.