Current Affairs Quiz - July, 2021

Notes:
The Indian Science Technology and Engineering facilities Map (I-STEM) is the national web portal for sharing Research & Development facilities.
It was formally launched in January 2020, as an initiative of Office of the Principal Scientific Adviser to the Govt. of India (PSA, GOI) under the aegis of Prime Minister Science, Technology and Innovation Advisory Council (PM-STIAC) mission. The I-STEM project has been recently given extension for five years, until 2026. It has also added new features in its second phase.

Notes:
Tunisia’s President Kais Saied recently dismissed the government and froze the Parliament. The President also said he would assume executive authority with the assistance of a new Prime Minister.
The 2014 democratic constitution in the country split powers between president, prime minister and parliament. This move has led to a massive gathering of people, who filled the capital in support of the move. The President said that his actions were in line with Article 80 of the constitution.

Notes:
The Union Government has decided to set up a National Centre of Excellence for Animation, Visual Effects, Gaming and Comics. It will be set up in collaboration with Indian Institute of Technology, Bombay
The Centre aims to create a world-class talent pool in India in the field of Animation, Visual Effects, Gaming and Comics. India has also entered into audio-visual co-production treaties with as many as 15 countries.

Notes:
The 12th edition of India – Russia joint military exercise named INDRA 2021 would be held in the month of August 2021, at Russia’s Volgograd.
This is aimed to strengthen the bilateral ties between the two countries and also to enhance the defence capabilities of the two sides. It is proposed that, nearly 250 personnel from both nations will take the part in this exercise.

Notes:
The Fugitive Economic Offenders Act, 2018 has been enacted to confiscate all properties and assets of economic offenders, who have been charged of economic offences of over Rs.100 crores and has left India to evade prosecution.
Recently, the Fugitive Economic Offender Vijay Mallya has been declared bankrupt by the London High Court, for having defaulted Indian banks led by the State Bank of India (SBI).

Notes:
The Lok Sabha recently passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2021. The Bill will replace the IBC Amendment Ordinance 2021 promulgated in April, which introduced pre-packs as an insolvency resolution mechanism for micro, small and medium enterprises (MSMEs) with defaults up to Rs 1 crore.
Under a pre-packaged process, main stakeholders identify a prospective buyer and negotiate a resolution plan before approaching NCLT.

Notes:
According to a World Trade Organization (WTO) report on the trends in world agricultural trade in the past 25 years, India has entered into the top 10 list of agricultural produce exporters in 2019. Its main exports are rice, cotton, soya beans and meat. At ninth place, India’s share in global agri exports was 3.1% in 2019.
European Union in 2019 (16.1%) overtakes the US as the top exporter. US, which topped the lsit in 1995 is at 2nd place with 13.8% share in 2019. Brazil is at the third place.

Notes:
The Marine Aids to Navigation Bill, 2021 which has been introduced in the 2021 monsoon session of Parliament has received its nod from the Upper House (Rajya Sabha).
This bill seeks to replace 90-year-old laws and regulations on lighthouses and it seeks to provide a fresh framework for management of vessel traffic services in India.

Notes:
Reserve Bank of India (RBI) cancelled the license of Madgaum Urban Co-operative Bank Limited which is located at Margao in Goa. The license was cancelled on July 29, 2021. According to RBI, the bank would not be able to pay full amount to its depositors with its current financial position so its license has been cancelled. RBI further said that according to the data submitted by the bank, about 99% of the depositors will receive full amounts of their deposits from the Deposit Insurance and Credit Guarantee Corporation (DICGC). Every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of Rs. 5 lakh only from the DICGC after liquidation.

 

Notes:
Under the ADIP Scheme of the Ministry of Social Justice and Empowerment (Government of India), a “Samajik Adhikarita Shivir” is to be organised at FDDI, Imlikheda Chhindwara, Madhya Pradesh on July 31, 2021. It will be organised for the distribution of aids and assistive devices to Handicapped people (Divyangjan). The camp will be organised by the Department of Empowerment of Persons with Disabilities (DEPwD) in association with ALIMCO and District Administration of Chhindwara.