Current Affairs Quiz - July, 2021

Notes:
The International Financial Services Centres Authority (IFSCA) has set up an expert committee to recommend strategy for the development of Longevity Finance Hub.
As per Global estimates, there are one billion people in the silver generation, (which describes individuals aged 60 years and older) with a combined spending power of USD 15 trillion. The hub aims to tap the potential in the sector. It is co-chaired by Kaku Nakhate, Bank of America, and Gopalan Srinivasan, Ex-CMD, New India Assurance.

Notes:
Microblogging platform Twitter announced to shut down its Fleets feature from August 3. The reason for discontinuing is its failure to attract more users.
Twitter introduced the disappearing stories feature in November last year, similar to Instagram. Unlike normal Tweets, Fleets disappear after 24 hours and do not get Retweets, Likes, or public replies, and people can only react to the Fleets with Direct Messages.

Notes:
The long and cumbersome nomenclature ‘Common High Court of UT of Jammu and Kashmir and UT of Ladakh’ has been changed to ‘High Court of Jammu and Kashmir and Ladakh’. The order was notified by the Department of Justice in the Law Ministry.
President Ram Nath Kovind has signed the Jammu and Kashmir Reorganisation (Removal of Difficulties) Order, 2021, which spelled out the original name.

Notes:
Deferred Action for Childhood Arrivals (DACA) program, is an immigration policy that grants some extra rights to illegal immigrants who were brought into the United States as minors. As per the program, they can claim a renewable two-year period of deferred action from deportation and can receive work permits.
Recently, a Federal judge in Texas has ruled that the 2012 Deferred Action for Childhood Arrivals (DACA) program created by former president Barack Obama is illegal because Congress never properly approved it.

Notes:
China has launched a high-speed train that works on magnetic levitation (maglev), which is designed to achieve a top speed of 600 kmph. This is stated to be the world’s fastest ground vehicle.
This project was launched by China in the year 2016 and the prototype was made ready in the year 2019. The model was tested in 2020 and now it is made operational.

Notes:
The Defence Research and Development Organisation (DRDO) has developed a high-strength beta titanium alloy. This has been developed indigenously for manufacture of intricate aerospace components like slat/flap tracks, landing gear.
Key features of the alloy are good forgeability and high strength-to-weight ratio, which would provide excellent weight reduction.

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.

Notes:
A finger-sized fossil of a ’Microsaur’ from 308 million years ago has been unearthed in the United States.
The research finds a new species called a microsaur, which were small, lizard-like animals that roamed the Earth before proper dinosaurs made their appearance. The study gives more data on the evolution of different animal groups, including amphibians and reptiles.

Notes:
The O.P. Jindal Global University has organized the World Universities Summit 2021 (WUS 21), titled “Universities of the Future: Building Institutional Resilience, Social Responsibility and Community Impact’ today”.
The event was inaugurated by the Vice-President of India M. Venkaiah Naidu. This summit has brought academicians and technical experts of more than 25 Countries onto a common platform.

Notes:
Meghalaya Cabinet approved the Meghalaya Youth Policy 2021. Drafted by the Sports and Youth Affairs Department, Government of Meghalaya, the final policy is to be notified soon.
The Meghalaya state Government has fixed a target of transforming the state to be amongst the top 10 states in 10 years in GSDP per capita and SDG ranking. 45 programmes would be implemented and would be measured by 54 performance monitoring indicators. These indicators have been mapped to 10 departments and is planned to measured quarterly, bi-annually and annually.