Current Affairs Quiz - July, 2021

Notes:
The World Youth Skills Day is observed every year by the United Nations on 15th July. The UN General Assembly has adopted a resolution in this regard and this day has been celebrated since 2014.
This day is dedicated to the importance of equipping young people around the world with essential skills for employment.

Notes:
The U.S. government has recently unveiled an online hub for the victims of ransomware attacks, www.StopRansomware.gov.
This will help the companies and municipalities to find resources and get assistance if they are targeted by cyber hackers. The government also announced it will pay a reward up to $10 million to the person who can provide useful tips to track down cyber criminals who are backed or directed by foreign governments.

Notes:
The Indian Institute of Technology, Ropar has developed a first-of-its-kind Oxygen Rationing Device, named AMLEX.
The device will help to supply a required volume of oxygen to the patients while inhaling and trips when the patient is exhaling Carbon dioxide. This process would help to save oxygen which gets unnecessarily wasted usually. The device can be operated on both battery as well as line supply.

Notes:
China has launched a high-speed train that works on magnetic levitation (maglev), which is designed to achieve a top speed of 600 kmph. This is stated to be the world’s fastest ground vehicle.
This project was launched by China in the year 2016 and the prototype was made ready in the year 2019. The model was tested in 2020 and now it is made operational.

Notes:
The Hong Kong’s legislature has proposed legislation on tackling “doxxing behaviour”. This legislation, if implemented, is feared to have a huge impact on technology giants operating in the country.
It is also said that such legislation could be used by the people in power, targeting civil society.

Notes:
Rasmi Ranjan Das, a Joint Secretary in the Ministry of Finance, has been appointed as member of the UN tax committee for the 2021 to 2025 term
A group of 25 tax experts from around the world are appointed as members of the UN tax committee, formally known as the UN Committee of Experts on International Cooperation in Tax Matters. It aims to guide the efforts of countries to adopt stronger tax policies.

Notes:
A Parliamentary Standing Committee has approved the The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021, without any changes.
The Bill amends the term ‘major airport’ to include group of airports. It also increased the threshold of annual passenger traffic in a major airport to 35 lakh. Previously, an airport with annual traffic more than 15 lakh were called as major airports. AERA will regulate tariff and other charges for aeronautical services for major airports and also a group of airports.

Notes:
Essential Defence Services Bill was introduced in the Lok Sabha recently. The Bill empowers the government to declare services mentioned in it as essential defence services.
The Essential Defence Services Bill is aimed at preventing the staff of the government-owned ordnance factories from going on a strike. Around 70,000 people are working at 41 ordnance factories located around the country.

Notes:
According to the third annual report on periodic labour force survey (PLFS), conducted by the National Statistical Office (NSO) between July 2019-June 2020, the unemployment rate fell to 4.8% in 2019-20.
The unemployment rate in 2018-19 was 5.8% and in 2017-18 was 6.1%. Labour indicators recorded an increase in 2019-20, as compared to previous years.

Notes:
Reserve Bank of India (RBI) has modified rules for extending loans to directors of other banks and relatives of directors.
As per the amendments, banks can extend personal loans up to ₹5 crore to directors of other banks and directors’ relatives other than spouses without board approval. The earlier limit for such loans was ₹25 lakh. The regulations apply to directors, including the CMD of other banks, any firm in which they are interested as a partner or guarantor, or any company in which they hold interest.