Current Affairs Quiz - July, 2021

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:
In 2014, the United Nations General Assembly (UNGA) declared 15 July as World Youth Skills Day, to celebrate the importance of providing young people with skills for employment, decent work and entrepreneurship.
This year, the theme of the World Youth Skills Day is ‘Reimagining Youth Skills Post-Pandemic’. As per UNESCO, COVID-19 pandemic resulted in the widespread disruption of the technical and vocational education and training (TVET) sector.6th anniversary of Skill India Mission was also observed in India.

Notes:
The International Financial Services Centres Authority (IFSCA) has set up an expert committee to recommend strategy for the development of Longevity Finance Hub.
As per Global estimates, there are one billion people in the silver generation, (which describes individuals aged 60 years and older) with a combined spending power of USD 15 trillion. The hub aims to tap the potential in the sector. It is co-chaired by Kaku Nakhate, Bank of America, and Gopalan Srinivasan, Ex-CMD, New India Assurance.

Notes:
The Union Minister for Agriculture Narendra Singh Tomar has launched a digital portal named “Kisan Sarathi”. Using this platform, farmers can get the right information at the right time, in the language of their choice.
Using the portal, farmers can avail personalised advisories from respective scientists of Krishi Vigyan Kendra (KVKs).

Notes:
The long and cumbersome nomenclature ‘Common High Court of UT of Jammu and Kashmir and UT of Ladakh’ has been changed to ‘High Court of Jammu and Kashmir and Ladakh’. The order was notified by the Department of Justice in the Law Ministry.
President Ram Nath Kovind has signed the Jammu and Kashmir Reorganisation (Removal of Difficulties) Order, 2021, which spelled out the original name.

Notes:
As per the recent framework introduced by SEBI, Credit rating agencies will now be required to provide expected loss-based ratings for projects and instruments associated with the infrastructure sector.
The expected loss-based rating is divided into a scale of seven levels, spanning from lowest to highest expected loss. Instruments rated ‘EL (Expected Loss) 1’ will be considered to have the lowest expected loss compared to the life of the ‘EL 7’ rated instruments, which will indicate highest expected loss.

Notes:
Aadhimalai Pazhangudiyinar Producer Company and Snehakunja Trust are the two Indian institution among the 10 awardees of the United Nations Development Fund (UNDP) Equator Prize 2021.
This is a biennial award to recognize community efforts for conservation and sustainable use of biodiversity. Aadhimalai Pazhangudiyinar Producer Company Limited is a 1,700-member cooperative, run by indigenous people from the Nilgiri Biosphere Reserve in Tamil Nadu. Snehakunja Trust has protected wetland and coastal ecosystems in the Western Ghats and the Karnataka coast.

Notes:
The Project 75I is the Defence Ministry’s ambitious project to design and construct submarines for Indian Navy, indigenously.
Recently, the Defence Ministry has issued a tender amounting Rs.50,000 crore for building six conventional submarines under the project 75I and the tenders have been issued to Mazagon Dockyards Limited and Larsen and Toubro.

Notes:
Jeff Bezos – the founder of Amazon owns the privately funded space agency Blue Origin. The agency’s spaceship named “New Shepard” has made a successful trip to space and back to earth, with Jeff Bezos and three others on board.
The booster rocket touched down seven minutes after lift-off and the capsule containing the astronauts landed back to earth after 10 minutes after lift-off.

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.