Current Affairs Quiz - July, 2021

Notes:
The North Eastern Space Applications Centre (NESAC) is a joint initiative of Department of Space (DOS) and the North Eastern Council (NEC). It is located in Umiam, Meghalaya.
The Union Home Minister, Amit Shah, recently laid the foundation stone for the Multipurpose Convention Centre and Exhibition Facility of the North Eastern Space Applications Centre-NESAC, in Shillong.

Notes:
Multiple sclerosis (MS), is a neurological disease whose effects range from cognitive impairment to significant physical disability.
World Brain Day is dedicated to raise awareness related to brain health. It is celebrated on July 22. This year, the World Federation of Neurology (WFN) together with partner agencies are leading the campaign to spread awareness about the Multiple sclerosis (MS).

Notes:
Reserve Bank of India (RBI) has modified rules for extending loans to directors of other banks and relatives of directors.
As per the amendments, banks can extend personal loans up to ₹5 crore to directors of other banks and directors’ relatives other than spouses without board approval. The earlier limit for such loans was ₹25 lakh. The regulations apply to directors, including the CMD of other banks, any firm in which they are interested as a partner or guarantor, or any company in which they hold interest.

Notes:
The Indian Space Research Organisation launched a customised space-themed merchandise programme. Recently eight companies have registered for partnership with ISRO, to undertake this programme.
Interested persons will be able to purchase authorised products related to ISROs missions and work, such as scale models, T-shirts, space-themed educational games, science toys, among others. This brand promotion exercise will create awareness and interest among students, children and public, in space science and technology.

Notes:
The non-performing assets (NPAs) or bad loans of banks were worth Rs 8.34 lakh crore, at the end of March 31, 2021.
‘Gross Loans and Advances – Outstanding’ of Scheduled Commercial Banks rose to Rs 113.99 lakh crore as of March 31, 2021. NPAs have declined by Rs 61,180 crore from Rs Rs 8.96 lakh crore carried at the end of March 2020. Rs 9,33,779 crore was the NPA of the banks in 2019.

Notes:
Spain’s iconic , landscape of arts and sciences- Paseo del Prado (Madrid) and Buen Retiro Park have been added to UNESCO’s World Heritage List.
The addition of the sites was in recognition of Paseo, a wide tree-lined area, which home to prominent buildings such as the Prad o Museum and the adjoining Buen Retiro park, a 125-hectare green space.

Notes:
The Department of Defence Production, Ministry of Defence has approved a central sector scheme viz. Innovations for Defence Excellence (iDEX).
The budgetary support for the scheme is Rs. 498.80 crore for the next 5 years from 2021-22 to 2025-26. The objective of the scheme is to provide financial support to around 300 Startups/ MSMEs/ innovators and about 20 Partner incubators through Defence Innovation Organisation (DIO). Grants under the grant mechanism of iDEX is provided by Support for Prototype and Research Kickstart (SPARK).

Notes:
Basavaraj S Bommai, a senior BJP Leader of Karnataka has been sworn in as the 23rd Chief Minister of the state. He is succeeding BS Yediyurappa who resigned from the post of CM recently. Earlier Bommai served as the home minister for the state in BS Yediyurappa’s government.
His name, for the post of CM of the state was proposed by BS Yediyurappa and seconded by all MLAs, in the legislature party meeting of BJP.

Notes:
The International Monetary Fund (IMF) has released an update to the World Economic Outlook (WEO) for the month of July 2021, under the title “Fault Lines widen in the Global Recovery”.
As per the WEO update, the global economy is projected to grow 6.0 percent in 2021 and 4.9 percent in 2022. IMF also downgraded India’s Growth Projection to 9.5% from 12.5% for 2021-22.

Notes:
UN Food Systems Pre-Summit 2021 was organised recently by United Nations and Government of Italy in Rome. Narendra Singh Tomar, Union Minister of Agriculture and Farmers Welfare represented India in this Pre-Summit. Narendra Singh Tomar delivered the Ministerial statement which highlighted the importance of Agriculture in achieving the Sustainable Development Goals (SDGs) 2030. Out of 17 SDGs, 12 SDGs are directly dependent on agriculture.