Current Affairs Quiz - July, 2020

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:
Turkmenistan became the 25th country with a status of an observer in the World Trade Organization (WTO).
The member-states of the WTO General Council unanimously adopted the resolution on granting the status of an observer in WTO to the Central Asian country. There are 164 WTO member-states at present and 25 countries possess the status of an observer including Turkmenistan.

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:
The Union Government has issued a certificate of Geographical Indication (GI) registration for Saffron grown in the Union Territory of Jammu &Kashmir.
The GI tag would ensure better remunerative price to the farmers growing Saffron in Kashmir Valley. This would also increase export of the unique Kashmir saffron and curb the fake products being sold. The UT is also inaugurating a Spice Park next month.

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 Defence Research and Development Organisation (DRDO) has recently launched an innovation contest named Dare to Dream 2.0.
It was announced by the Defence Minister of India Rajnath Singh, on the fifth death anniversary of the former President of India Dr APJ Abdul Kalam. The contest encourages individuals and start-ups to use advanced technologies for innovation in Aerospace and Defence sectors in the country.

Notes:
The Union Minister of Environment, Forest and Climate Change Prakash Javadekar released an updated report on India’s Tiger Survey from 2018.
As per the updated report, India’s tiger population stood at 2967, the same number given by the Government last year. India has 70% of the world’s total tiger population. Madhya Pradesh has the highest number of tigers at 526, followed by Karnataka and Uttarakhand.

Notes:
Union Finance Minister Nirmala Sitharaman has recently attended the 5th Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank (AIIB).
A roundtable discussion was conducted on the theme ‘AIIB 2030-Supporting Asia’s Development over the Next Decade’. The bank had earlier provided a financial assistance of about USD 10 billion to combat Covid-19.

Notes:
World Nature Conservation Day is celebrated every year on July 28, to create and increase awareness about the importance of natural resources.
The day encourages people to protect Earth’s natural resources and lead a sustainable life style. It also educates people to use the resources judiciously without exploiting the nature Earth. Ministry of Culture has said that Worshipping Nature is a part of Indian culture.

Notes:
India is collaborating with the United Kingdom for five new projects worth eight million pounds, to tackle anti-microbial resistance (AMR).
All the five projects are planned for September this year, after they receive clearances. The United Kingdom is to contribute four million pounds from the UK Research and Innovation Fund for the partnership. The UK has also partnered with India’s Serum Institute to manufacture the vaccine for COVID-19.