Current Affairs Quiz - July, 2020

Notes:
India is in the process of developing a rapid testing kit for Covid-19, in collaboration with Israel. The proposed kit is expected to give results in less than 30 seconds.
A team from Israel’s Research and Development (R&D) Team of Defence Ministry will arrive in India to develop the rapid testing kit. The team has been working with India’s Defence Research and Development Organisation (DRDO) and Principal scientific adviser, K. Vijay Raghavan.

Notes:
A space technology start-up named Digiantra Research and Technology (DRT) developed India’s first in-orbit space debris monitoring and tracking system.
The company has also been selected for the ‘Society for Innovation and Development’ incubation program at the Indian Institute of Science (IISc) Bangalore. The country’s first air and space surveillance company has received a grant of Rs 25 lakhs for developing space debris monitoring systems.

Notes:
Department of Science and Technology has launched a 15-crore fund to support India-Russia Joint Technology Assessment and Accelerated Commercialization Programme.
The fund has been launched in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI) and Foundation for Assistance to Small Innovative Enterprises (FASIE) of Russia. Start-ups from India and Russia will work together for technology development and cross-country technology adaptation. FICCI will implement the program in India.

Notes:
Reserve Bank of India releases a bi annual report called the financial stability report (FSR). The latest edition was released recently.
RBI has estimated that the gross non performing asset (GNPA) ratio of all banks may increase from 8.5% in March 2020 to 12.5% by March 2021. GNPA ratio of public sector banks will increase to 15.2% in March 2021. The main reason for this dip is the slowdown in the economy due to the Covid-19 induced lock-down.

Notes:
Australia has recently filed a formal declaration statement to the United Nations to reject the claims of China in the South China Sea.
Australia has claimed that there were no legal issues to the disputed claims of China in the sea, including those related to construction of artificial islands on shoals and reefs. Earlier, the US Secretary of State Mike Pompeo declared China’s claims of territory and resources in the South China Sea as illegal.

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:
A digital platform created for information exchange between the government and citizens India called ‘MyGov’ completed six years from its inception.
The first-of-its-kind participatory governance platform was on July 26, 2014 by the Indian Prime Minister Narendra Modi. The portal engaged the citizens on important policy issues and governance. There are over 1.22 crore registered members of MyGov platform.

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).

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.