Current Affairs Quiz - July, 2020

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:
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:
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:
Veteran Dancer Amala Shankar has passed away recently in Kolkata at the age of 101. She is the wife of classical dancer Uday Shankar.
She entered the profession at a very younger age and her first dance performance was in Belgium in the year 1931. She was active in the dance field till her 92nd year. She had won several awards and accolades including the West Bengal government’s Banga Bibhusan award in 2011.

Notes:
India and the European Union are set to renew the Agreement on Scientific cooperation for the next five years, 2020-2025.
This was announced at the virtual 15th India-EU Summit, attended by Prime Minister Narendra Modi. European Council President Charles Michel and European Commission President Ursula von der Leyen led the EU. The mentioned Agreement was initially signed in 2001 and has been renewed two times in 2007 and 2015.

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:
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 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:
State Bank of India (SBI) has provided a liquidity support of USD 16.20 million for local businesses in Maldives.
SBI has also deferred loan repayment for over 200 retail accounts. On the occasion of Independence Day of the Maldives on July 26, SBI’s Covid relief measures have been announced. India had earlier made an assistance of USD 400 million to Maldives through extended currency swap arrangement.

Notes:
Union Ministry of Human Resource Development has recently launched the ‘Indian Report on Digital Education, 2020’.
The report has details on innovative methods adopted by Education Departments of various States and Union Territories for providing inclusive education to children at home. Initiatives of HRD Ministry including DIKSHA platform and Swayam Prabha TV Channel are highlighted.