Current Affairs Quiz - July, 2021

Notes:
British formula one champion Lewis Hamilton has won the British Grand Prix racing for the 8th time and has set a record in this regard. He is presently racing for Mercedes. This victory is 99th in the list of wins registered by Hamilton. His team mate Valtteri Bottas finished third in the event.
During the event, Lewis Hamilton collided with Max Verstappen in the first lap and received a 10 second penalty.

Notes:
Julia Ducournau’s Titane has been adjudged as the best movie and has been awarded the Palme d’or award, at the 74th Cannes Film Festival. She becomes the first female director in 28 years, whose movie has made it to the prestigious award.
Prior to this, it was Jane Campion who was the female director, whose movie ‘The Piano’ made it to the top list in 1993.

Notes:
The Government of India has hiked the foreign direct investment (FDI) limit in pension fund management under the national pension system (NPS) from 49% to 74%. This move is expected to make more players available in this sector.
Presently the 4 out pension fund managers of NPS – HDFC Pension Management, ICICI Prudential Pension Funds, Kotak Mahindra Pension Fund and Aditya Birla Sun Life have significant foreign investments in them.

Notes:
The Defence Research & Development Organisation (DRDO) has successfully flight tested indigenously developed low weight, fire and forget Man-Portable Anti-Tank Guided Missile (MPATGM).
The DRDO also successfully flight tested the New Generation Akash Missile (Akash-NG), a surface to air missile, from Integrated Test Range (ITR) off the coast of Odisha.

Notes:
Gwalior and Orchha cities from Madhya Pradesh have been selected by UNESCO under ‘Historic Urban Landscape Project’.
The project was started in the year 2011, for the inclusive and well-planned development of fast-growing historical cities. Six cities of South Asia, including Ajmer and Varanasi in India are already involved in this project. Orchha and Gwalior have been included as the seventh and eighth cities.

Notes:
Union Cabinet has been approved Rs 6,322 crore production-linked incentive (PLI) scheme for speciality steel.
It is expected to attract an additional investment of about Rs 40,000 crore and capacity addition of 25 million tonnes in the segment. Out of a production of 102 million tonnes of steel in 2020-21, only 18 million tonnes of value-added steel/speciality steel were produced in the country.

Notes:
The Union Cabinet approved the establishment of a central university in Ladakh, at a cost of Rs 750 crore.
The jurisdiction of this university will cover the regions of Leh and Kargil. The Education Ministry is expected to bring two amendments to the Central Universities Act, 2009 for this matter. The government has identified a location near village Khaltsi, which is located between Leh and Kargil.

Notes:
NASA has selected Space Exploration Technologies Corp. (SpaceX), to provide launch services for Europa Clipper Mission. It is the Earth’s first mission to conduct detailed investigations of Jupiter’s moon Europa.
The mission will launch in October 2024 on a Falcon Heavy rocket from NASA’s Kennedy Space Center in Florida. NASA’s Jet Propulsion Laboratory leads the development of the Europa Clipper mission in partnership with the Johns Hopkins Applied Physics Laboratory.

Notes:
The set of reforms introduced and implemented in India in the July 1991 for a major macroeconomic stabilization and structural adjustment in Indian economy is called as the 1991 reforms.
It was undertaken when PV Narasimha Rao was the Prime Minister of the country, following a major Balance of Payment Crisis in India. July 2021 marks 30 years of implementation of the reforms, more commonly referred as the LPG reforms.

Notes:
India’s chief hydrographer Vice Admiral Vinay Badhwar received the Alexander Dalrymple award by the British government, in recognition of his works in areas of hydrography and nautical cartography.
The award has been named after the first hydrographer of the British Admiralty and was instituted in 2006. Vice Admiral Badhwar was conferred with the award in 2019 but the award ceremony was held recently, due to the pandemic.