Current Affairs Quiz - July, 2020

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:
The National Aeronautics and Space Administration (NASA) announced that it has started to work on a new mission named ‘ASTHROS’.
It stands for Astrophysics Stratospheric Telescope for High Spectral Resolution Observations at Sub millimeter-wavelengths (ASTHROS). The mission aims to send a telescope on a football stadium-sized balloon into the stratosphere to observe far-infrared light, that is invisible from the Earth. It is proposed to be launched in 2023 from Antarctica.

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:
Aaykar Diwas or Income Tax Day is celebrated on July 24 by the Central Board of Direct Taxes (CBDT) and all field offices.
On the same day in the year 1860, Income tax was originally introduced in India by Sir James Wilson, to compensate for the losses incurred during the first war of independence. This is the 160th anniversary of Income Tax Day.

Notes:
India and the United Kingdom has organised the 14th Joint Economic and Trade Committee meeting virtually.
The meeting was co-chaired by Minister for Commerce and Industry Piyush Goyal and UK Secretary of State for International Trade, Elizabeth Truss. Both the countries confirmed their shared commitment to a Free Trade Agreement.

Notes:
Indian Overseas Bank (IOB) announced that Partha Pratim Sengupta has been appointed as its new Managing Director and Chief Executive.
He was a former Deputy Managing Director at the State Bank of India (SBI). The appointment is made up to the date of attaining the age of superannuation in 2022. He is to succeed the previous MD & CEO Karnam Sekar.

Notes:
The Central Reserve Police Force has recently celebrated its 82nd Raising Day on July 27. The Prime Minister and Home Minister greeted its personnel.
The CRPF came into existence as Crown Representative’s Police on July 27, 1939. After the enactment of the CRPF Act on December 28, 1949, it became the Central Reserve Police Force (CRPF). It aims to secure the internal security of the country.

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:
A digital platform created for information exchange between the government and citizens India called ‘MyGov’ completed six years from its inception.
The first-of-its-kind participatory governance platform was on July 26, 2014 by the Indian Prime Minister Narendra Modi. The portal engaged the citizens on important policy issues and governance. There are over 1.22 crore registered members of MyGov platform.

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.