Current Affairs Quiz - July, 2021

Notes:
The Union Cabinet approved a scheme to provide Rs 1,624 crore over five years as subsidy to Indian shipping companies in global tenders floated by ministries and CPSEs for import of government cargo.
According to the statement, registration shall be done online within 72 hours. This will be attractive to register ships in India and thereby help to boost the Indian tonnage. The budgetary support would be provided directly to the Ministry/department concerned.

Notes:
The Reserve Bank of India has barred the financial services company Mastercard from onboarding new customers in India. This move is made by the RBI on grounds of non compliance with the Data localization and data storage in India.
This restriction would not affect the existing customers of Mastercard. The action has been initiated by RBI using the powers vested to it under Section 17 of the Payment and Settlement Systems Act, 2007

Notes:
Union Education Minister Dharmendra Pradhan along with Tribal Affairs Minister Arjun Munda launched the ‘School Innovation Ambassador Training Program’. The program is jointly designed by Innovation Cell of Education Ministry and AICTE.
It aims at training 50,000 school teachers on Innovation, Entrepreneurship, IPR, Design Thinking, Product development, among others. The program has been designed by Innovation Cell of Ministry of Education and AICTE.

Notes:
The US Senate has recently passed a legislation to ban the import of products from China’s Xinjiang region, as the US has been condemning China for genocide against Uyghurs and other Muslim groups.
Called as the Uyghur Forced Labour Prevention Act, it assumes goods manufactured in Xinjiang are made with forced labour and therefore banned under the 1930 Tariff Act, unless otherwise certified by US authorities. The current rule bans the import of goods if there is reasonable evidence of forced labour.

Notes:
The Cabinet Committee on Economic Affairs (CCEA) announced that ₹9,800 crore would be spent on livestock development over the next five years.
It also said that all schemes of the Department of Animal Husbandry and Dairying will be merged into three broad categories. The first will include the Rashtriya Gokul Mission, the second one includes the Livestock Health and Disease Control scheme and the National Animal Disease Control Programme and the third will merge the Animal Husbandry Infrastructure Development Fund and the Dairy Infrastructure Development Fund, Cooperatives and FPOs.

Notes:
As per the GST law states were guaranteed to be compensated bi-monthly for loss of revenue in GST implementation for five years, from July 1, 2017.
The government has borrowed and released Rs 75,000 crore to the states and Union Territories to compensate them for the shortfall in GST revenue. This is in addition to normal GST compensation being released every 2 months out of actual cess collection. This release aims to meet the resource gap due to the short release of compensation.

Notes:
Microblogging platform Twitter announced to shut down its Fleets feature from August 3. The reason for discontinuing is its failure to attract more users.
Twitter introduced the disappearing stories feature in November last year, similar to Instagram. Unlike normal Tweets, Fleets disappear after 24 hours and do not get Retweets, Likes, or public replies, and people can only react to the Fleets with Direct Messages.

Notes:
Chief Justice of India N.V. Ramana launched a new scheme called ‘FASTER’ or ‘Fast and Secure Transmission of Electronic Records’.
Under the scheme, the Supreme Court will instantly transmit bail and other orders to the jail authorities, district courts and the High Courts. This will be done in a secure way electronically. As per the present practice, hard copy of the bail order received by hand mandated.

Notes:
Jacob Zuma was the President of South Africa from 2009 to 2018. After being charged for corruption, he became the first South African president since the end of white-minority rule in 1994 to receive a prison sentence.
This arrest has triggered looting and violence in the two most populous provinces of the country, Gauteng and Kwa-Zulu-Natal. A record wave of Covid-19 infections is also grappling the country. The Current President of South Africa is Cyril Ramaphosa. Over 25,000 troops have been deployed to silence the violence.

Notes:
The Indian Institute of Science (IISc) Bengaluru, along with Mynvax has developed a heat-tolerant COVID-19 vaccine formulation, which has been proven effective against all current SARS-CoV-2 variants of concern, according to a study in animals.
The formulation also protected hamsters from the virus and remained stable at 37 degrees Celsius up to a month, and at 100 degrees Celsius for up to 90 minutes. Covishield must be kept between 2-8 degrees Celsius while the Pfizer requires specialised cold storage at (-)70 degrees Celsius.