Current Affairs Quiz - July, 2020

Notes:
The Supreme Court has endorsed the suggestion of the Uttar Pradesh government in the composition of the commission to probe the encounter involving gangster Vikas Dubey and other events leading to his death.
Former judge of the Supreme Court of India, Justice B S Chauhan will head the Commission. Another High Court Judge Shashi Kant Aggarwal and former DGP K.L Gupta will be the members of the commission, which will submit its report in two months.

Notes:
Union Bank of India that was amalgamated with Corporation Bank and Andhra Bank, has announced a corporate agency agreement with the Life Insurance Corporation of India (LIC).
Under the agreement, the bank will market various LIC products including term insurance, pension and endowment schemes among others, to its account-holders.

Notes:
India’s third-largest public sector bank, Bank of Baroda (BoB) has recently launched ‘Insta Click Savings Account’.
This is a completely paperless, digital and self-assisted online savings account. The process uses a new form of digital KYC and Aadhaar-based OTP authentication of the customer. A customer can access the bank’s website to open the account, which gets activated in real-time. Baroda M Connect Plus is to be used for further transactions.

Notes:
The Union Government has recently announced that the Work-from-home exemption for IT and IT-enabled services companies is extended till December 31, 2020.
In March, the Department of Telecommunication had relaxed the norms till April to facilitate work from home amid the Covid-19 pandemic, which was then extended till July 31 and now to December 31. At present, more than 90% of the IT workforce are working remotely.

Notes:
The World Anti-Doping Agency (WADA) has extended the suspension of the National Dope Testing Laboratory (NDTL) by another six months.
The reason for the current extension is due to non-conformation to international standards. The WADA had initially suspended NDTL in August 2019 for six months. After being suspended, the lab cannot carry out any anti-doping activities, including all analyses of urine and blood samples.

Notes:
The state government of Rajasthan has recently approved the ‘One-stop shop’ scheme, to fast-track investments and enable recovery of industries amid the Covid-19 pandemic.
The new scheme will fast-track all processes in the investment proposals above ₹10 crore. Over 98 types of clearances will be given under one roof through the Bureau of Investment Promotion (BIP). For implementing the scheme, the Cabinet approved amendments to the Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011.

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:
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:
India and Pakistan fought the Kargil War between May and July in the year 1999. India launched ‘Operation Vijay’ and cleared the posts in the Kargil sector that was occupied by the Pakistani soldiers on the Indian side of the Line of Control (LoC).
To commemorate its victory over Pakistan, India has been observing ‘Kargil Vijay Diwas’ on July 26 every year, on the day the war ended. It resulted in 527 deaths in the Indian side. On the Vijay Diwas, India pays tributes to the soldiers who laid down their lives during the war.

Notes:
Bijapur district in Chhattisgarh has topped the list of aspirational districts ranked by Niti Aayog for the February-June 2020 period.
Ri-Bhoi district in Meghalaya and Bahraich district in Uttar Pradesh have been placed at the second and third positions respectively. This delta ranking considers incremental progress made by over 112 aspirational districts across six developmental areas including Health and nutrition, education, agriculture and water resources, financial inclusion, skill development and basic infrastructure.