Current Affairs Quiz - July, 2021

Notes:
The Union Government has directed all the states and UTs to immediately withdraw the cases registered under the repealed Section 66A of the Information Technology Act.
This order from the central government has come days after the Supreme Court of India expressed its displeasure over continued prosecution under Section 66A of the Information Technology Act, which was earlier struck down by the apex court.

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:
The World Youth Skills Day is observed every year by the United Nations on 15th July. The UN General Assembly has adopted a resolution in this regard and this day has been celebrated since 2014.
This day is dedicated to the importance of equipping young people around the world with essential skills for employment.

Notes:
In 2014, the United Nations General Assembly (UNGA) declared 15 July as World Youth Skills Day, to celebrate the importance of providing young people with skills for employment, decent work and entrepreneurship.
This year, the theme of the World Youth Skills Day is ‘Reimagining Youth Skills Post-Pandemic’. As per UNESCO, COVID-19 pandemic resulted in the widespread disruption of the technical and vocational education and training (TVET) sector.6th anniversary of Skill India Mission was also observed in India.

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:
The Cabinet Committee on Economic Affairs (CCEA) announced that ₹9,800 crore would be spent on livestock development over the next five years.
It also said that all schemes of the Department of Animal Husbandry and Dairying will be merged into three broad categories. The first will include the Rashtriya Gokul Mission, the second one includes the Livestock Health and Disease Control scheme and the National Animal Disease Control Programme and the third will merge the Animal Husbandry Infrastructure Development Fund and the Dairy Infrastructure Development Fund, Cooperatives and FPOs.

Notes:
As per the recent framework introduced by SEBI, Credit rating agencies will now be required to provide expected loss-based ratings for projects and instruments associated with the infrastructure sector.
The expected loss-based rating is divided into a scale of seven levels, spanning from lowest to highest expected loss. Instruments rated ‘EL (Expected Loss) 1’ will be considered to have the lowest expected loss compared to the life of the ‘EL 7’ rated instruments, which will indicate highest expected loss.

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:
Jeff Bezos – the founder of Amazon owns the privately funded space agency Blue Origin. The agency’s spaceship named “New Shepard” has made a successful trip to space and back to earth, with Jeff Bezos and three others on board.
The booster rocket touched down seven minutes after lift-off and the capsule containing the astronauts landed back to earth after 10 minutes after lift-off.

Notes:
Taipei is the capital city of Taiwan and has New Taiwan dollar as its official currency. The Government of Taiwan has proposed to establish its first office in Lithuania, a European Nation, using its own name “Taiwan”.
All the other diplomatic outposts are operational under the name “Taipei”. This move is set to have angered China and has been welcomed by the USA.