Current Affairs Quiz - July, 2020

Notes:
The Union Government has announced the launch of Taxable Floating Rate Savings Bonds, 2020, that will be available for subscription for retail investors from July 1, 2020.
The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds. The interest rate on these bonds will be reset every six months while the initial rate of interest is fixed at 7.15 per cent. The bonds shall be repayable on the expiration of seven years from the date of issue.

Notes:
The state government of Maharashtra has launched the world’s largest convalescent plasma therapy project named PLATINA, for treating COVID-19.
The trial-cum-project is expected to save at least 500 lives of critically-ill Covid-19 patients in the state. The trial will be carried out in government medical colleges and BMC medical colleges. All critical patients will receive two doses of 200 ml of convalescent plasma under the project, free of cost.

Notes:
The World Bank has approved USD 250 million loan for affordable housing projects of Tamil Nadu. The Government of India, state government of Tamil Nadu and the World Bank has signed legal agreements regarding the project.
Out of the total loan, USD 200 million is approved for First Tamil Nadu Housing Sector Strengthening Programme and USD 50 million for Tamil Nadu Housing and Habitat Development Project. It aims to ease regulatory barriers and encourage private sector participation in affordable housing.

Notes:
Union Defence Ministry has launched a new portal to issue No Objection Certificate (NOC) for power projects and Research Survey Exploration Exploitation (RSEE) activities in the Indian Territorial Waters and Exclusive Economic Zone.
The Ministry of Defence gives security clearances to various Private and Public Sector Undertakings for power, wind and solar projects in areas near defence installation. The new portal will allow applicants to submit their proposals online for seeking security clearance from the Ministry.

Notes:
Kholongchhu is the first joint venture hydroelectric project between India and Bhutan. A concession agreement for project was recently signed virtually.
This agreement will commence the construction and related works of the project, which is expected to be completed in the second half of 2025. The 600 MW project is located on the Kholongchhu river in eastern Bhutan. It will be implemented by Kholongchhu Hydro Energy Limited, a JV company formed between DGPC of Bhutan and Satluj Jal Vidyut Nigam Limited (SJVNL) of India.

Notes:
According to a study published in the US science journal PNAS, researchers in China have discovered a new type of swine flu that is capable of triggering a pandemic.
The G4 flu is genetically descended from the H1N1 strain that caused a pandemic in 2009. As per the China’s Center for Disease Control and Prevention, G4 was observed to be highly infectious, replicating in human cells and causing more serious symptoms. More researches are being carried out on ferrets.

Notes:
Prime Minister Narendra Modi announced that the Pradhan Mantri Garib Kalyan Anna Yojana would be extended till the end of November.
The scheme aims to provide free grains to more than 80 crore poor people of the country. The Prime Minister announced that more than Rs 90,000 crore will be spent in this expansion of Pradhan Mantri Garib Kalyan Anna Yojana.

Notes:
The United States has recently eliminated the special status under U.S. law and halted Defence Exports to Hong Kong.
U.S has also restricted the access of the country to high technology products. This decision has been taken while China is preparing new Hong Kong security legislation. U.S also proposed to end the export of dual-use technologies to the territory, which have both commercial and military uses.

Notes:
Indian Oil Corporation and Beximco LPG have signed an agreement to form a Joint venture company for LPG business in Bangladesh.
The Joint venture company (JVC) aims to set up a large LPG terminal at a deep-water port in Bangladesh, to receive LPG and reduce import. It will begin functioning by acquiring existing LPG assets of Beximco.

Notes:
The World Bank has recently announced that it has enhanced its support for India’s flagship program to rejuvenate Ganga river.
World Bank would provide a USD 400 million assistance to the program, which will help reduce pollution and strengthen river basin management. The Second National Ganga River Basin Project (SNGRBP) will support the government’s Namami Gange program. The loan has a maturity of 18.5 years including a grace period of 5 years.