Current Affairs Quiz - July, 2020

Notes:
Defence Research and Development Organisation (DRDO) has successfully conducted its flight trials of the anti-tank guided Nag Missile (HELINA).
The Missile is called now as ‘Dhruvastra’. DRDO conducted the trials at Interim Test Range, Balasore, Odisha, without helicopter. The land version of this missile is available for integration with the Nag missile carrier (NAMICA). After trials, this can be fired from ‘Dhruv’ and ‘Rudra’ helicopters.

Notes:
Social media Giant WhatsApp announced that it is set to partner with banks to expand banking services in India.
India is the biggest market of WhatsApp with over 400 million users. The messaging platform has already collaborated with banks including ICICI Bank and HDFC Bank for automated business messaging. This partnership would help expand banking services for low-income people and in rural areas.

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:
The Union Human Resources and Development Ministry has set up a committee under the Chairperson of University Grants Commission (UGC) D P Singh.
The committee will give suggestions on retaining Indian students in the country’s institutions. The Minister also said that the seat capacity in all premier institutions would be increased by 50% by 2024. Under this plan, the number of institutions under the Institutes of Eminence (IoE) programme will also go up to 50.

Notes:
Union Minister for Consumer Affairs, Food & Public Distribution Ram Vilas Paswan has launched the Bureau of Indian Standard’s Mobile App ‘BIS-Care’.
He also launched Standardization, Conformity Assessment and Training portals of e-BIS for consumers. Using the bi-lingual app, consumers can check the authenticity of the ISI-marked and hallmarked products. Consumers can also lodge complaints using this app. Earlier, BIS was directed to frame quality norms for 371 items by March 2021 to curb non-essential imports.

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:
The 2023 International Cricket Council (ICC) World Cup is to be organised in India. ICC has recently launched a 50-over World Cup Super League.
This Qualification league will determine the seven teams in the World Cup. As India is the host, it will automatically qualify to the game. The league will start with a series between England and Ireland, scheduled on July 30.

Notes:
Indian climate activist Archana Soreng has been named by the United Nations Secretary-General Antonio Guterres to his new advisory group.
The new advisory group comprises of young leaders, aged between 18 and 28 years, who will provide solutions and opinions on tackling the problems of climate crisis. Archana Soreng is a student of Tata Institute of Social Sciences (TISS) is to join six other young climate leaders from around the world.

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.