Current Affairs Quiz - July, 2021

Notes:
The US Senate has recently passed a legislation to ban the import of products from China’s Xinjiang region, as the US has been condemning China for genocide against Uyghurs and other Muslim groups.
Called as the Uyghur Forced Labour Prevention Act, it assumes goods manufactured in Xinjiang are made with forced labour and therefore banned under the 1930 Tariff Act, unless otherwise certified by US authorities. The current rule bans the import of goods if there is reasonable evidence of forced labour.

Notes:
Pakistan and Russia have signed an agreement for construction of a 1,100-km gas pipeline from Port Qasim in Karachi to Lahore. This project is commonly named as North-South Gas project and is also called the Pakstream Gas Pipeline Project.
A special purpose vehicle has been formed between Pakistan and Russia, with a shareholding of 74:26 per cent.

Notes:
Aadhimalai Pazhangudiyinar Producer Company and Snehakunja Trust are the two Indian institution among the 10 awardees of the United Nations Development Fund (UNDP) Equator Prize 2021.
This is a biennial award to recognize community efforts for conservation and sustainable use of biodiversity. Aadhimalai Pazhangudiyinar Producer Company Limited is a 1,700-member cooperative, run by indigenous people from the Nilgiri Biosphere Reserve in Tamil Nadu. Snehakunja Trust has protected wetland and coastal ecosystems in the Western Ghats and the Karnataka coast.

Notes:
The Government of India has hiked the foreign direct investment (FDI) limit in pension fund management under the national pension system (NPS) from 49% to 74%. This move is expected to make more players available in this sector.
Presently the 4 out pension fund managers of NPS – HDFC Pension Management, ICICI Prudential Pension Funds, Kotak Mahindra Pension Fund and Aditya Birla Sun Life have significant foreign investments in them.

Notes:
The Department of Animal Husbandry & Dairying (DAHD), Government of India has setup Dairy Investment Accelerator under its Investment Facilitation Cell.
It aims to promote and facilitate investments in the Indian Dairy sector. Dairy Investment Accelerator is also generating awareness among investors about Animal Husbandry Infrastructure Development fund (AHIDF). Under AHIDF, Rs. 15,000 crore fund has been setup for offering financial support to entrepreneurs, private companies, MSME, FPOs etc.

Notes:
Union Minister of Road Transport and Highways, Nitin Jairam Gadkari announced that the Government had signed loan agreement with the World Bank to develop Green National Highway Corridors (GNHCP).
The project includes upgradation of about 781 km length of various National Highways passing through the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. Out of total length of 781 km, work on 287.96 km with an outlay of Rs. 1664.44 cr. has been awarded. The project is estimated to be completed by December, 2025.

Notes:
Rural teacher-turned-politician Pedro Castillo became the winner of Peru’s presidential election. He is said to be the first peasant to become the President of the country,
He defeated right-wing politician Keiko Fujimori, who was backed by traditional elites, by just 44,000 votes. Peru is the world’s second-largest copper producer and its economy is devastated by the coronavirus pandemic, increasing the poverty level to almost one-third of the population.

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:
UN Economic and Social Commission for Asia Pacific, which is headquartered in Bangkok, Thailand has recently released a Global Survey on Digital and Sustainable Trade Facilitation. Under this evaluation 143 countries have been scored on 5 key indicators.
India has scored 90.32 per cent for the year 2021 as against its score of 78.49 per cent in 2019. In terms of transparency, India scored 100 per cent in 2021.

Notes:
U.S. President Joe Biden authorized up to $100 million from an emergency fund to meet the emergency refugee needs caused from the situation in Afghanistan, including for Afghan special immigration visa applicants.
The funds will support those applying to the Special Immigrant Visas programme. Under the programme as many as 20,000 Afghans who worked for the US and now fear retribution from the Taliban have applied.