Current Affairs Quiz - July, 2021

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:
Plastic surgery is said to have originated in India. Association of Plastic Surgeons in India (APSI) introduced the concept of National Plastic Surgery Day in 2011. Since then, on July 15, the day has been observed in India, when Plastic surgeons across the country perform free operations and conduct awareness programmes.
After the APSI presented about the day’s success at the World Council of Leaders organised recently, July 15 is accepted as World Plastic Surgery Day.

Notes:
Gira Sarabhai, veteran Architect and Designer, passed away recently at the age of 97, due to age-related illness.
The architect played a pivotal role in founding the National Institute of Design (NID), by bringing in top most people of the world as faculty. She also established Calico Museum of Textiles, which houses some of the rare specimens of textile from different parts of the country and the world.

Notes:
As per the recent data from the World Health Organisation (WHO) and the UN children’s agency UNICEF, India recorded the greatest increase in the world in the number of children who didn’t receive the first dose of diphtheria-tetanus-pertussis combined vaccine in 2020.
The data highlights that 23 million children globally missed the basic vaccines through routine immunisation services in 2020, due to disruptions caused by COVID-19.

Notes:
The Marine Aids to Navigation Bill has been recently introduced in the upper house of the parliament by the Union Minister of Ports Shipping and Waterways Sarbananda Sonowal.
The bill seeks to repeal the colonial era legislation of the Lighthouse Act of 1927 and is aimed to strengthen the marine aids for navigation across the country.

Notes:
As on June 25, 2021, India’s forex reserves stood at US$ 608.99 billion, making India the fifth largest foreign exchange reserves holder in the world. China, Japan, Switzerland and Russia are ahead of India in the list of largest forex reserves holdings.
India’s forex reserves comprise of Foreign Currency Assets, Gold, Special Drawing Rights and Reserve Tranche Position (RTP) in IMF.

Notes:
Federation Internationale des Echecs (FIDE) is the World Chess Federation, headquartered at Lausanne, Switzerland. It was founded on July 20, 1924 and has as many as 195 member countries.
To commemorate the formation of FIDE, World Chess Day is celebrated on July 20, every year since 1966. The day encourages more people to play and enjoy the game of chess. Chess originated in India, moved to Persia and spread across the Southern Europe.

Notes:
UNESCO has removed the Liverpool city of the United Kingdom from its World Heritage status. This decision was taken after the UN Committee found some developments threatening the value of the city’s waterfront.
UNESCO had announced that the developments, including the proposed Everton FC stadium, had resulted in serious deterioration of the historic site. Liverpool is only the third site to lose its World Heritage status since the list began in 1978, the others being Oman’s Arabian Oryx Sanctuary in 2007 and the Dresden Elbe Valley in Germany in 2009.

Notes:
The Insolvency and Bankruptcy Board of India (IBBI) was established in the year 2016, under the Insolvency and Bankruptcy Code, 2016.
Recently, IBBI has made amendments to the “Insolvency Resolution Process for Corporate Persons Regulations”, under which, resolution professional should submit his / her opinion on avoidance transactions made by a corporate debtor (undervalued transactions, extortionate credit transactions, fraudulent trading, wrongful trading etc).

Notes:
The Gujarat High Court has become the first high court to begin live-streaming of court proceedings. Chief Justice of India NV Ramana launched the first live broadcast of the court functioning.
The Chief Justice also announced that the Supreme Court will start the live broadcast soon. This is seen as a step towards ensuring transparency and openness in the Indian judiciary. He also released the Gujarat High Court (Live Streaming of Court Proceedings) Rules, 2021.