Current Affairs Quiz - July, 2020

Notes:
A Memorandum of Understanding (MoU) was recently signed between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) for data exchange between the two organisations.
This MoU succeeds the agreement signed between them in the year 2015. During the event, a Data Exchange Steering Group has also been constituted that will meet periodically to review the data exchange status.

Notes:
The present Non-Executive Chairman of Bajaj Finance Ltd, Rahul Bajaj has decided to step down from his post, with effect from July 31.
As per the Company, Rahul Bajaj will continue to serve as a Non-Executive Non-Independent Director. The Board of Directors has approved the appointment of present Vice Chairman Sanjiv Bajaj as the next Chairman, as a part of succession planning.

Notes:
Pune-based Serum Institute of India announced that the company will start trials of the Covid-19 vaccine candidate developed by Oxford University-AstraZeneca.
The trials are to be carried out by the end of August on about 5,000 Indian volunteers after getting the necessary permissions. The company also hoped that the vaccine will be hopefully launched by June next year. To manufacture 300 million doses, the company is to spend USD 200 million.

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:
Grand Renaissance Dam is a Hydroelectric power plant being constructed in Ethiopia since 2011. The dam formerly known as the Millennium Dam, is in the Benishangul-Gumuz Region, on the Blue Nile river of Ethiopia.
The construction has been in conflict as Sudan and Egypt fear that the hydroelectric dam could lead to water shortage in their countries. But Ethiopia insists that the it needs the USD 4 billion dam to generate electricity for its people. Recently, the three countries have accepted to resume talks on the dam.

Notes:
Bollywood actor Sonu Sood has launched a free online platform called ‘Pravasi Rojgar’ to help migrants find job opportunities.
Launching the app in Maharashtra, the actor said it will provide adequate information and links for the people to find suitable jobs. Connected with over 500 companies of various sectors, the app also aims to provide specific job training programmes.

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:
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:
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:
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).