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:
Turkmenistan became the 25th country with a status of an observer in the World Trade Organization (WTO).
The member-states of the WTO General Council unanimously adopted the resolution on granting the status of an observer in WTO to the Central Asian country. There are 164 WTO member-states at present and 25 countries possess the status of an observer including Turkmenistan.

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 Oxford-AstraZeneca vaccine candidate is to be called as ‘Covishield’ in India, as per the statement of the Serum Institute of India (SII).
SII is the largest vaccine maker in the world and it has partnered with AstraZeneca for manufacturing the Oxford vaccine candidate. Recently, it has sought permission from the Drugs Controller General of India (DCGI) to conduct phase 2 and 3 human clinical trials of the potential vaccine.

Notes:
The world’s first electrified rail tunnel fit to run double-stack containers is being constructed by the Indian Railways in Haryana.
Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) has recently conducted a tunnel-breaking ceremony on completion of caving work for the tunnel of Western Dedicated Freight Corridor (WDFC) through Aravalli mountain range. One among the biggest railway tunnels, it connects Rewari and Dadri and itwill be completed within a year.

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:
The India-Indonesia Defence Ministers’ Dialogue was held in New Delhi. Defence Minister Rajnath Singh led the Indian delegation while Indonesia’s Defence Minister General Prabowo Subianto led their delegation.
Both the countries affirmed to further expand defence and military ties between the countries in areas including technology sharing. The countries had signed a new defence cooperation agreement in 2018 for a comprehensive strategic partnership.

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:
India is collaborating with the United Kingdom for five new projects worth eight million pounds, to tackle anti-microbial resistance (AMR).
All the five projects are planned for September this year, after they receive clearances. The United Kingdom is to contribute four million pounds from the UK Research and Innovation Fund for the partnership. The UK has also partnered with India’s Serum Institute to manufacture the vaccine for COVID-19.

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.