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:
‘National Mission on Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive’ (PRASHAD) was launched by the Ministry of Tourism in the year 2014-15. The scheme aims for integrated development of selected pilgrimage and heritage destinations.
Union Minister of State (IC) for Tourism & Culture Prahlad Singh Patel inaugurated the “Tourist Facilitation Centre” facility constructed under the project “Development of Guruvayur, Kerala” under PRASHAD Scheme. Prime Minister also inaugurated PRASHAD projects in Varanasi (UP).

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:
Amrabad Tiger Reserve (ATR) is located in the state of Telangana. The Telangana Forest Department have recently identified 14 tigers in the Amrabad Tiger Reserve (ATR) during the 2020-2021 annual estimation and monitoring exercise.
During the previous survey conducted in 2019-2020, 12 tigers were identified. Of the 14 tigers, five are male, seven are female and two could not be classified. Also, there might be more big cats in the reserve that are yet to be identified. Spotted deer and wild boar are found most in the reserve.

Notes:
New Zealand is the revolving host of the Asia-Pacific Economic Cooperation (APEC) forum. It is headquartered in Singapore.
Recently, New Zealand chaired an extraordinary meeting ahead of a formal meeting in November. US President Joe Biden, Russia’s Vladimir Putin, China’s Xi Jinping and other world leaders met virtually. They discussed on collective actions to tackle the Covid-19 pandemic and its economic impacts.

Notes:
Two world former champions Viswanathan Anand and Vladimir Kramnik played at the finals of Sparkassen Trophy at Dortmund, during which Viswanathan Anand defeated Vladimir Kramnik to win the trophy.
Viswanathan Anand is an India chess champion, who became a grand master as early as 1988. Also, he is one of the few in the world to surpass Elo rating of 2800.

Notes:
Bashar al-Assad has won the recent election held in Syria and has sworn in as the President of the country for the 4th time. He has been serving as the 19th president of Syria since 17 July 2000. He would serve as the President for a seven-year term.
He has won the recent elections with more than 95% votes favouring him, while his opponents claim the election to be illegitimate.

Notes:
The Tamil Nadu Forest Department is to develop a standard operating procedure for the capture and release of wild elephants based on science and best practices.
As per the state officials, the process of kraaling and training an adult into captivity could be generally tortuous and scientifically not well-established. Kraaling involves capture of the animals by closing them in a stockade (kraal). The Asian elephant species in Tamil Nadu is declining to an alarming level, and so they propose the wild elephants should be sent back to the breeding population.

Notes:
Tripura has initiated steps to promote commercial cultivation of Agar, by launching the ‘Tripura Agar Wood Policy 2021’. It aims to double agar wood plantation by 2025
The state has over 50 lakh Agar trees in the state and has a potential of agar trade of Rs 2000 crore. Agar is used in perfumeries and other industries. Agar Chips and Agar Oil have high demand in the market. Under the policy, testing labs and trade centres would be set up and new technology for artificial inoculation would be introduced.

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).