Current Affairs Quiz - July, 2020

Notes:
The Agriculture Minister Narendra Singh Tomar announced that the Union Government is to collaborate with the World Bank, to convert the Gwalior-Chambal belt of Madhya Pradesh into arable land.
This has been decided in the virtual meeting with the World Bank representative. As per the statement, more than 3 lakh hectares of rugged land that remains not cultivable can be improved. As a result, the region’s agricultural development, environmental protection and employment opportunities can be improved.

Notes:
According to the recently released United Nations World Wildlife Crime Report, India and Thailand supplied highest illegal tiger products in the world.
It also highlighted that the biggest destination of the tiger parts was China, followed by Thailand and Vietnam. The most valuable body part of the tigers is their bones which are used to treat bone and ligament injuries in humans.

Notes:
The Saudi Arabian Oil Company otherwise called as Saudi Aramco is a multinational petroleum and natural gas company. It is the world’s biggest energy firm, with USD 1.75 trillion market capitalization.
Recently, the Reliance Industries surpassed Exxon Mobil Corp. to become the world’s second largest energy company. Reliance has the world’s biggest oil refinery complex. Its market value is USD 189 billion, as on July 27, 2020.

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 Sree Sree JoyKali Matar temple, one of the oldest temples in Bangladesh, has been reconstructed with the Indian assistance of Taka 97 lakh.
The High Commissioner of India to Bangladesh Riva Ganguly Das has inaugurated the reconstructed temple at Natore. The MoU for the process was signed in the year 2016. The Indian assistance was given under its High Impact Community Development Project (HICDP). Several other community projects are also being carried out under this fund.

Notes:
As per the latest report released by the Ministry of Statistics and Programme Implementation (MoSPI), about 403 infrastructure projects are hit by cost overruns of Rs 4.05 lakh crore.
Due to delays and other reasons, the projects each worth Rs 150 crore or more have been affected by overruns. MoSPI monitors infrastructure projects worth Rs 150 crore and above. Out of the 1686 projects, while 403 ones reported cost overruns and 530 projects reported time escalation.

Notes:
Prime Minister Narendra Modi and Mauritius Prime Minister Pravind Jugnauth will jointly inaugurate the new Supreme Court building of Maldives.
The new building located in Port Louis has been built with the financial assistance of India. It is one among the five projects implemented under a USD 353-million special economic package provided by India in 2016.

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.

Notes:
The government has recently notified changes in the Foreign Direct Investment (FDI) norms on civil aviation.
As per the amendments, it will permit Non-resident Indian (NRI) nationals to own 100 per cent stake of Air India. The divestment process for the national carrier, Air India was initiated in the month of January and the deadline to bid has been for three times. Recently, the deadline was extended till August 31.

Notes:
The Union Cabinet has approved the change in the name of Union Ministry of Human Resource Development.
The HRD Ministry that is currently headed by Ramesh Pokhriyal Nishank, has been renamed as Ministry of Education. The name change was a key recommendation of the National Education Policy. In 1985, Former Prime Minister Rajiv Gandhi changed the name of the Education Ministry to HRD Ministry.