Current Affairs Quiz - July, 2020

Notes:
Researchers at IIT Kharagpur have developed a new low-cost, portable device that can test for Covid-19 and give results in an hour.
The new technology has accuracy similar to the RT-PCR test, which is now considered the standard for testing. The device uses a disposable paper strip for analysing the sample and the results are made available in a mobile application.

Notes:
India and the United Kingdom has organised the 14th Joint Economic and Trade Committee meeting virtually.
The meeting was co-chaired by Minister for Commerce and Industry Piyush Goyal and UK Secretary of State for International Trade, Elizabeth Truss. Both the countries confirmed their shared commitment to a Free Trade Agreement.

Notes:
Indian Overseas Bank (IOB) announced that Partha Pratim Sengupta has been appointed as its new Managing Director and Chief Executive.
He was a former Deputy Managing Director at the State Bank of India (SBI). The appointment is made up to the date of attaining the age of superannuation in 2022. He is to succeed the previous MD & CEO Karnam Sekar.

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:
The Agriculture Minister Narendra Singh Tomar announced that the Union Government is to collaborate with the World Bank, to convert the Gwalior-Chambal belt of Madhya Pradesh into arable land.
This has been decided in the virtual meeting with the World Bank representative. As per the statement, more than 3 lakh hectares of rugged land that remains not cultivable can be improved. As a result, the region’s agricultural development, environmental protection and employment opportunities can be improved.

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 Sree Sree JoyKali Matar temple, one of the oldest temples in Bangladesh, has been reconstructed with the Indian assistance of Taka 97 lakh.
The High Commissioner of India to Bangladesh Riva Ganguly Das has inaugurated the reconstructed temple at Natore. The MoU for the process was signed in the year 2016. The Indian assistance was given under its High Impact Community Development Project (HICDP). Several other community projects are also being carried out under this fund.

Notes:
IRCTC and SBI Cards & Payment Services have jointly launched their Co-branded Contactless Credit Card on RuPay Platform.
Railway Minister Piyush Goyal introduced this new card. The card has several advanced features like Near Field Communication and payback for AC tickets among others. The cards can also be used for retail, dining and entertainment payments.

Notes:
Pune based Defence Institute of Advanced Technology (DIAT) has developed a Medical Bed Isolation System named Aashray, to fight COVID-19.
The system has individual envelopes made up of specialized material that stops the virus spread from patient to others. It consists of negative pressure suction near exhale and tools to filter and disinfect aerosol. The portable and reusable system can be used in quarantine facilities.

Notes:
Prime Minister Narendra Modi and Mauritius Prime Minister Pravind Jugnauth will jointly inaugurate the new Supreme Court building of Maldives.
The new building located in Port Louis has been built with the financial assistance of India. It is one among the five projects implemented under a USD 353-million special economic package provided by India in 2016.