Current Affairs Quiz - July, 2021

Notes:
The New Generation Akash Missile (Akash-NG), which is India’s advanced Surface-to-air missile has been recently tested by the Defence Research & Development Organization (DRDO) at its Integrated Test Range (ITR) off the Odisha coast.
This missile system has been designed and developed by the DRDL, Hyderabad.

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:
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:
Adani Electricity Mumbai Limited (AEML) which is a group company of the Adani Transmission Ltd has proposed to set up Global Medium-Term Notes bonds programme for $2-billion.
This along with sustainability-linked bond issuance is a part of the company’s plan to raise capital of the company.

Notes:
Sumit Nagal became only the third Indian to win a men’s singles match at an Olympics edition and the first in 25 years, when he defeated Denis Istomin in the first match at Tokyo Games.
Zeeshan Ali was the first Indian to win a singles match at the 1988 Seoul Games when he beat Victo Caballero from Paraguay. After that, Leander Paes won the men’s singles bronze at the 1996 Atlanta Games, beating Brazil’s Fernando Meligeni.

Notes:
Renowned Marathi poet Satish Kalsekar recently passed away in Maharashtra at the age of 78.
Satish Kalsekar was awarded with Sahitya Akademi Award in the year 2014 for his collection of essays ‘Vachanaryachi Rojanishee’. He had written several popular collections of poems. He worked in several forms of literature and contributed in the various fields including poetry, translation, prose writing and editing.

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:
Multiple sclerosis (MS), is a neurological disease whose effects range from cognitive impairment to significant physical disability.
World Brain Day is dedicated to raise awareness related to brain health. It is celebrated on July 22. This year, the World Federation of Neurology (WFN) together with partner agencies are leading the campaign to spread awareness about the Multiple sclerosis (MS).

Notes:
The International Finance Corporation (IFC), the investment arm of the World Bank group, has extended a loan of $250 million to HDFC Bank to boost affordable housing finance in India.
Under the loan agreement, at least 25 per cent of the financing has been allocated for green affordable housing, which is expected to encourage this market in India. India still has an early stage of Green housing market, which needs strengthening.

Notes:
China’s Industry ministry has announced a 6-month campaign to clean up the internet applications, which it considers problematic and violating consumer rights, cyber security and disturbing market order.
The Ministry of Industry and Information Technology announced that the companies must fix pop-ups on apps that deceive and mislead users or force them to use unwanted services.