Current Affairs Quiz - July, 2020

Notes:
Union Minster for micro, small and medium enterprise (MSME) sector Nitin Gadkari launched a mentoring platform named ‘RestartIndia’.
The platform has been conceptualised by Muthoot Fincorp and INKtalks. Restart India is a single platform which provides information on various schemes being implemented by the government. It also helps the businesspersons to connect with experts from various sectors.

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:
Union Minister of Agriculture and Farmers’ Welfare Narendra Singh Tomar has virtually inaugurated a world-class Honey Testing Laboratory.
The state of Art laboratory has been established by National Dairy Development Board (NDDB) with support of National Bee Board (NBB), in Anand, Gujarat. Department of Agriculture, Cooperation & Farmers’ Welfare has approved the National Bee Keeping and Honey Mission (NBHM) for a period of 2 years.

Notes:
The Indian government has recently sent USD 1 million worth of anti-tuberculosis medicine to North Korea after requested by the World Health Organization (WHO).
As per the press release issued by the Ministry of External affairs, the medical assistance is under the ongoing WHO anti-tuberculosis programme in North Korea.

Notes:
India and Pakistan fought the Kargil War between May and July in the year 1999. India launched ‘Operation Vijay’ and cleared the posts in the Kargil sector that was occupied by the Pakistani soldiers on the Indian side of the Line of Control (LoC).
To commemorate its victory over Pakistan, India has been observing ‘Kargil Vijay Diwas’ on July 26 every year, on the day the war ended. It resulted in 527 deaths in the Indian side. On the Vijay Diwas, India pays tributes to the soldiers who laid down their lives during the war.

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:
World Hepatitis Day is commemorated each year on 28 July across the world, by the World Helath Organisation.
It is observed to enhance awareness of viral hepatitis, an inflammation of the liver that causes several health problems. This year, the theme of the ‘World Hepatitis Day’ 2020 is “Hepatitis-free future”. Among the five main streams, Hepatitis B and C are the most common cause of deaths.

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:
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.