Current Affairs Quiz - July, 2020

Notes:
The 17-year-old Climate activist Greta Thunberg has been named the winner of Portuguese rights award ‘Gulbenkian Prize for Humanity’.
She has also won prestigious awards including Amnesty International’s top human rights prize and the Swedish Right Livelihood Award. As a response to this award, Greta announced that all the prize money would be donated to groups working to protect the environment and stop climate change.

Notes:
India and Russia are set to sign a Defence logistics sharing pact by the end of this year. Under the pact, both the countries can have seamless access to each other’s military bases and support facilities.
An annual summit is expected to be held for signing this agreement. As Russia continues to be a leading arms supplier to India, this agreement will enhance more interoperability and support to military platforms like warships and aircraft.

Notes:
The Union Government has recently announced that the Work-from-home exemption for IT and IT-enabled services companies is extended till December 31, 2020.
In March, the Department of Telecommunication had relaxed the norms till April to facilitate work from home amid the Covid-19 pandemic, which was then extended till July 31 and now to December 31. At present, more than 90% of the IT workforce are working remotely.

Notes:
The Director General of the Railway Protection Force (RPF), Arun Kumar, has been nominated to be the Vice-Chairman of the Security Platform of International Union of Railways (UIC).
The Paris-based union also called as Union Internationale Des Chemins, is a global platform for railway systems for improving inter-operability and developing common standards. India has been working closely with the UIC in several initiatives. After the two-year tenure of vice-chairmanship, the DG will hold the chairmanship for the next two years.

Notes:
The United States has announced that it has relaxed standards for exporting drones that fly at below 800 km per hour to its friendly countries.
This step has been taken to increase the national security of the United States by improving the capacities of its partners. The exposure of drone market to the US industry will also improve its economic security. However, higher-speed systems such as cruise missiles and advanced unmanned combat aerial vehicles are not affected by this revision.

Notes:
India and Pakistan fought the Kargil War between May and July in the year 1999. India launched ‘Operation Vijay’ and cleared the posts in the Kargil sector that was occupied by the Pakistani soldiers on the Indian side of the Line of Control (LoC).
To commemorate its victory over Pakistan, India has been observing ‘Kargil Vijay Diwas’ on July 26 every year, on the day the war ended. It resulted in 527 deaths in the Indian side. On the Vijay Diwas, India pays tributes to the soldiers who laid down their lives during the war.

Notes:
Japan remains the largest holder of American government securities, at the end of May 2020 with an exposure of USD 1.260 trillion.
India has increased its holdings of American government securities purchased through the Reserve Bank of India (RBI), by nearly USD 13 billion to USD 169.9 billion at the end of May. In February, the country had a record high of USD 177.5 billion worth securities and have seen fluctuations throughout this year.

Notes:
The Oxford-AstraZeneca vaccine candidate is to be called as ‘Covishield’ in India, as per the statement of the Serum Institute of India (SII).
SII is the largest vaccine maker in the world and it has partnered with AstraZeneca for manufacturing the Oxford vaccine candidate. Recently, it has sought permission from the Drugs Controller General of India (DCGI) to conduct phase 2 and 3 human clinical trials of the potential vaccine.

Notes:
State Bank of India (SBI) has provided a liquidity support of USD 16.20 million for local businesses in Maldives.
SBI has also deferred loan repayment for over 200 retail accounts. On the occasion of Independence Day of the Maldives on July 26, SBI’s Covid relief measures have been announced. India had earlier made an assistance of USD 400 million to Maldives through extended currency swap arrangement.

Notes:
Indian climate activist Archana Soreng has been named by the United Nations Secretary-General Antonio Guterres to his new advisory group.
The new advisory group comprises of young leaders, aged between 18 and 28 years, who will provide solutions and opinions on tackling the problems of climate crisis. Archana Soreng is a student of Tata Institute of Social Sciences (TISS) is to join six other young climate leaders from around the world.