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:
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:
Haryana will host the fourth edition of the Khelo India Youth Games after the 2021 Tokyo Olympics, in Panchkula.
Chief Minister Manohar Lal Khattar and Union Sports Minister Kiren Rijiju announced that unlike the usual schedule of January, the tournament has been postponed due to the Covid-19 pandemic. It will be participated by all states with over 10000 sportspersons.

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:
The Cotton Corporation of India (CCI) is to set up its own Cotton warehouse in Vietnam, to boost Exports.
A government-to-government Memorandum of Understanding is also being prepared to export 1.5-2 million bales of cotton to Bangladesh. CCI holds surplus stocks of cotton before the next harvest season and this plan has been made.

Notes:
Ministry of Rural Development has announced that the average completion time for houses under restructured Pradhan Mantri Awas Yojana-Gramin (PMAY-G) has come down to 114 days.
Earlier, the number of days for construction under the scheme used to be 314 days. The scheme was launched the scheme in the year 2016, with an objective of Housing for all by the year 2022. It strives to construct as many as 2.95 crore houses with all basic amenities by the year 2022.

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:
State Bank of India (SBI) has provided a liquidity support of USD 16.20 million for local businesses in Maldives.
SBI has also deferred loan repayment for over 200 retail accounts. On the occasion of Independence Day of the Maldives on July 26, SBI’s Covid relief measures have been announced. India had earlier made an assistance of USD 400 million to Maldives through extended currency swap arrangement.

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:
Ministry of Earth Sciences (MoES) has recently announced the National Awards for excellence in Earth System Science.
The Life Time Excellence Award is being awarded to Professor Ashok Sahni for his contribution in the field of Geology and Biostratigraphy. The National Award for Ocean Science and technology is being awarded to Dr. V. V. S. S. Sarma and Dr. M. Ravichandran.