Current Affairs Quiz - July, 2020

Notes:
The Competition Commission of India (CCI) has approved acquisition of Krishnapatnam Port Company Ltd by Adani Ports and Special Economic Zone Ltd.
Along with the equity shareholding, the management control of the total share capital of Krishnapatnam Port company will be acquired, as per the statement of CCI. Krishnapatnam Port Company is the developer and operator of the deep-water port at Krishnapatnam.

Notes:
The Ministry of Defence has recently issued formal sanction order for granting Permanent Commission (PC) to Women Officers in the Indian Army.
As per the order, permanent commission has been granted to Service Commissioned (SSC) Women Officers in all ten streams of the Indian Army including Army Air Defence (AAD), Army Service Corps (ASC) among others.

Notes:
1987 batch Bihar cadre IAS officer Rajesh Bhushan has been appointed as the new Health secretary, after July 31 this year.
As per the recent Personnel Ministry order, Rajesh Bhushan, the Officer on Special Duty in the Department of Health and Family Welfare will succeed the present Secretary Preeti Sudan. Sushil Kumar has been appointed secretary of the National Commission for Scheduled Castes. Ram Kumar Mishra has been named Women and Child Development secretary.

Notes:
E-Commerce Giant Flipkart has announced that it will acquire parent Walmart’s wholesale business, ‘Best Price’.
The loss-ridden cash-and-carry business of Walmart in India is the last part of Walmart to be acquired by Flipkart marking a complete consolidation. This acquisition is expected to help Flipkart to expand its business-to-business vertical.

Notes:
Reserve Bank of India releases a bi annual report called the financial stability report (FSR). The latest edition was released recently.
RBI has estimated that the gross non performing asset (GNPA) ratio of all banks may increase from 8.5% in March 2020 to 12.5% by March 2021. GNPA ratio of public sector banks will increase to 15.2% in March 2021. The main reason for this dip is the slowdown in the economy due to the Covid-19 induced lock-down.

Notes:
Union Minister of Agriculture and Farmers’ Welfare Narendra Singh Tomar has virtually inaugurated a world-class Honey Testing Laboratory.
The state of Art laboratory has been established by National Dairy Development Board (NDDB) with support of National Bee Board (NBB), in Anand, Gujarat. Department of Agriculture, Cooperation & Farmers’ Welfare has approved the National Bee Keeping and Honey Mission (NBHM) for a period of 2 years.

Notes:
Technology giant Microsoft has partnered with the National Basketball Association (NBA) to set virtual fans in the game stands.
Microsoft will use its newly launched Teams app and 17-foot-tall LED screens to put around 300 virtual fans in the stands of each game. Fans can login the Teams app and use the “Together mode”, which simulates a group of people sitting in a room.

Notes:
The Reserve Bank of India has released the ‘Report of the Committee for Analysis of QR (Quick Response) Code’.
The Committee was constituted by RBI in December 2019 under the Chairmanship of Prof. D.B. Phatak, to review the present system of QR Codes in India in digital payments. The report asked the Government to provide incentive schemes to popularise QR code transactions among consumers. It also recommended phasing out proprietary and closed loop QR codes.

Notes:
According to the recently released United Nations World Wildlife Crime Report, India and Thailand supplied highest illegal tiger products in the world.
It also highlighted that the biggest destination of the tiger parts was China, followed by Thailand and Vietnam. The most valuable body part of the tigers is their bones which are used to treat bone and ligament injuries in humans.

Notes:
Thudiyurulippara hill in the Pramadom grama panchayat of Kerala has been announced as a biodiversity heritage site.
The Biodiversity Management Committee (BMC) has formally announced the ecologically sensitive hill as a biodiversity heritage site on the recommendations of the Kerala State Biodiversity Board (KSBB). This has been announced on the occasion of World Nature Conservation Day.