Current Affairs Quiz - July, 2020

Notes:
The Insurance Regulatory and Development Authority of India (IRDAI) had asked all insurance companies to launch a standardised insurance cover for COVID-19 disease.
Under the Corona Kavach Policy, the minimum sum insured will be Rs 50000 and the maximum sum insured will be Rs 5 lakh. Recently, IRDAI has allowed the insurers to offer this policy as a group insurance product. A discount of 5% is provided to the group of doctors or healthcare workers.

Notes:
Following a leak at a Lavera petrochemical refinery in southern France, an orange-brown chemical sheet spread over 15 acres in the Mediterranean Sea.
This area includes the nationally recognized marine life area. The plant is said to have spilled 200 gallons or more of iron chloride into the sea. The chemical could harm eyes and mucous membranes and could even cause death.

Notes:
The Reserve Bank of India has signed necessary documents for extending USD 400 million currency swap facility to the Central Bank of Sri Lanka.
Sri Lanka had earlier requested for a currency swap facility under the SAARC Currency Swap Framework. This swap arrangement will remain available till November 2022 and is expected to assist Sri Lank to address the economic crisis caused by the Covid-19 pandemic.

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:
The Prime Minister of Vietnam Nguyen Xuan Phuc has recently signed an order that bans all imports of wildlife either dead or alive including eggs and larvae.
The order also includes tougher penalties for crimes involving the trade in wildlife. Amidst the coronavirus spread, this ban has been imposed in Vietnam, which is a popular destination for endangered wildlife products used in medicine or cuisine.

Notes:
The Food and Agriculture Organization (FAO) of the United Nations releases the Global Forest Resources Assessment (FRA)’ report.
FAO has been publishing this assessment once in every 5 years since 1990. It evaluates the state of forests and their management in all member countries. As per the recent report, India has ranked third among the countries that gained in forest areas in the last decade (2010-2020). China and Australia held the first two ranks.

Notes:
‘Kumhar Sashaktikaran Yojana’ is a scheme of the Khadi and Village Industries Commission (KVIC) for empowering the potters community.
Under the scheme, Training for advanced pottery products and Market linkages are provided through KVIC exhibitions. Recently, the Union Home Minister distributed 100 Electric Potter Wheels to trained artisans in Gandhinagar.

Notes:
A digital platform created for information exchange between the government and citizens India called ‘MyGov’ completed six years from its inception.
The first-of-its-kind participatory governance platform was on July 26, 2014 by the Indian Prime Minister Narendra Modi. The portal engaged the citizens on important policy issues and governance. There are over 1.22 crore registered members of MyGov platform.

Notes:
One of the oldest flying clubs in India, the Bombay Flying Club has become the first drone training school approved by the Directorate General of Civil Aviation (DGCA).
DGCA has approved the application of the club for conducting remote pilot training for remotely piloted aircraft systems. All drones should be registered with the Directorate General of Civil Aviation (DGCA) and should receive Drone acknowledgement numbers (DANs).

Notes:
The government has recently notified changes in the Foreign Direct Investment (FDI) norms on civil aviation.
As per the amendments, it will permit Non-resident Indian (NRI) nationals to own 100 per cent stake of Air India. The divestment process for the national carrier, Air India was initiated in the month of January and the deadline to bid has been for three times. Recently, the deadline was extended till August 31.