Current Affairs Quiz - July, 2021

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:
India has recently opposed a move by developed countries at the World Trade Organisation (WTO) to scrap subsidies for fishermen.
India demanded a balance between current and future fishing needs of developing countries as well as effective special and differential treatment (S&DT). India justifies its opposition that it wants to subsidies for low-income, resource-poor fishermen while developed countries see this as a distortion in global fish markets.

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 Ministry of Tourism has formulated a Draft National Strategy and Roadmap for Development of Rural Tourism in India – An initiative towards Atmanirbhar Bharat.
The Ministry has also invited feedback from all the State Governments/UT Administrations regarding the policy. The strategy focusses on new ideas like Digital technologies, Developing clusters among others. It has also identified Rural Circuit as one of the thematic circuits under Swadesh Darshan Scheme.

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:
There are 135 Centrally Protected Monuments/Sites in Andhra Pradesh. Monuments at Nagarjunakonda, Budhhist Remains at Salihundam and Veerabhadra Temple have been identified as ‘Adarsh Smarak’ in Andhra Pradesh.
The Government provides additional facilities at Adarsh Smarak including Wi-Fi, Cafeteria, Brail signages, etc. Fort at Gandikota has been included in Government’s Adopt-a-Heritage scheme.

Notes:
The Government of India has sought an approval from the Parliament of India, for additional spending of Rs.23,675 crore for the financial year 2021-22. Of this, Rs.17,000 crore would be for additional expenditure to be made by the Union Health Ministry.
The bill for approval of additional expenditure was tabled in the Parliament by the Union Finance Minister Nirmala Sitharaman.

Notes:
The O.P. Jindal Global University has organized the World Universities Summit 2021 (WUS 21), titled “Universities of the Future: Building Institutional Resilience, Social Responsibility and Community Impact’ today”.
The event was inaugurated by the Vice-President of India M. Venkaiah Naidu. This summit has brought academicians and technical experts of more than 25 Countries onto a common platform.

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:
Every year, 23rd of June is observed as the National Broadcasting Day in India. Radio broadcasting commenced in India from Bombay by the Indian Broadcasting Company on this date in the year 1927. In India, Radio broadcasting commenced in the year 1923.
To commemorate this, the All India Radio organized a symposium on “Creation of New India and Broadcasting Medium” in New Delhi.