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:
Sumit Deb has been appointed as the Chairman and Managing Director (CMD) of the National Mineral Development Corporation (NMDC), the iron ore mining company of the country.
Sumit Deb is serving as the Director (Personnel) in the NMDC. He succeeds N Baijendra Kumar who is set to superannuate this month-end. After the appointment, Sumit Deb will have tenure till 2023.

Notes:
European Union leaders have approved 1.82 trillion-euro (approximately 2.1 trillion) budget after discussions of four days at a Summit held in Brussels.
The EU also finalised a 750-billion-euro coronavirus recovery fund, which is sent to be provided as loans and grants to the member countries that are hardly hit by the coronavirus. The grants were finalised at a total of 390 billion euros.

Notes:
The Defence Research and Development Organisation (DRDO) has handed over its indigenously-developed drone named Bharat to the Indian Army.
The drones will be deployed for carrying out accurate surveillance in high altitude areas and mountainous terrain in Eastern Ladakh. The drone developed by a Chandigarh-based DRDO laboratory, is claimed to be the World’s most agile and lightest Surveillance drone.

Notes:
The Tribal Cooperative Marketing Development Federation of India (TRIFED) has entered into a partnership with IIT Delhi under the ‘Unnat Bharat Abhiyan’ (UBA) programme.
The scheme aims to connect higher education institutions with villages for economic and social betterment of rural areas. A MoU was signed between TRIFED, IIT Delhi and Vijnana Bharati for the implementation. Under ‘Van Dhan’ programme, tribal entrepreneurs will be provided guidance from academic and research institutions.

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:
The Siachen Glacier, which is located in the eastern Karakoram range in the Himalayas is the world’s largest non-polar glacier.
The glacier is currently a part of the union territory of Ladakh. Recently, the Indian Army announced that it will issue permits for civilian trips to its Siachen Base Camp and Kumar post in Ladakh. It is also claimed to be the highest battlefield.

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:
The government has released guidelines for four schemes to boost domestic manufacturing of bulk drugs and medical devices.
Union Minister for Chemicals and Fertilizers DV Sadananda Gowda launched and issued guidelines for the schemes, which aim to reduce imports in pharmaceutical raw materials like drug intermediates, active pharmaceutical ingredients (APIs) and medical devices.

Notes:
The Chairman of Tata Sons N Chandra Sekaran announced that Thierry Bollore would be appointed as the new Chief Executive Officer (CEO) of Tata’s British luxury arm Jaguar Land Rover (JLR).
Thierry Bollore, who was previously working with the Renault, will assume office with effective from September 10. He is to succeed Professor Sir Ralf Speth, who would take up the position of Non-Executive Vice Chairman of Jaguar Land Rover.