Current Affairs Quiz - July, 2021

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:
Hilsa, the pricey fish has been caught in Uttar Pradesh, Bihar and Jharkhand for the first time in three decades. The fish lives in the seas but spawns in the rivers.
This has been witnessed after the gates and fish locks of Farakka barrage were changed to allow the upstream migration of the fish. Hilsa or ilish, has been the favourite gift to Indian leaders from the Bangladesh Prime Minister Sheikh Hasina. It depleted after the Farakka barrage was constructed in the Murshidabad district of West Bengal and nets were put on the Bangladesh side.

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:
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:
Russian aircraft makers unveiled a prototype of the stealth fighter dubbed “Checkmate”, as per the statement from Rostec, the state-owned military giant which is responsible for exporting Russian technology.
The sneak peek of the new fifth-generation lightweight single-engine fighter jet, was unveiled to the Russian President Vladimir Putin. With a combat radius of 1,500 kilometers and seven tons of combat load, this unique fighter prototype has not been developed before in Russia.

Notes:
Ariel Henry was recently appointed as the new Prime Minister of Haiti, amid political turmoil caused by the assassination of President Jovenel Moise.
Ariel Henry, a neurosurgeon and former cabinet minister was chosen as Prime Minister by the President, days before he was assassinated at his home. Ariel Henry will lead the nation until a new President is chosen in an election scheduled in September.

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:
State owned PSU – Indian Oil Corporation Limited (IOCL) would build the country’s first ‘green hydrogen’ plant at its Mathura refinery. This is a part of the company’s plan to produce cleaner forms of energy.
Mathura has been selected by virtue of its proximity to TTZ (Taj Trapezium Zone).

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.