Daily Current Affairs Quiz – 1 July 2020

 In Madhya Pradesh, the school bell will be ringing in the houses of the state too from July 6. Children will read, perform yoga, write and listen to stories and make notes on them.

In order to maintain the academic regularity of students during the Corona crisis, the State Education Center has prepared a ‘Hamara Ghar-Hamara Vidyalaya’ means My Home-My school scheme, in which children will be taught at home in a school-like environment.

Bengaluru-based food tech unicorn Swiggy on 30th June announced the launch of its own digital wallet ‘Swiggy Money’ to enable a ‘single-click checkout experience’ on its platform.

According to a statement release by the company, the full-fledged digital wallet in partnership with ICICI Bank will enable Swiggy customers to store money and be used for all food orders on Swiggy.

Fitch Ratings on 39th June cut India’s growth forecast for 2021-22 fiscal to 8 per cent from 9.5 per cent projected last month. It, however, retained its projection of Indian economy contracting by (-5) per cent in the current fiscal (FY2020-21).

Indian economic growth stood at an estimated 4.2 per cent in 2019-20.

In its June update of Global Economic Outlook, Fitch projected Indian economy to grow 5.5 per cent in 2022-23.

The World Bank on 1st June announced it will give a USD 750 million-budget support to 15 crore MSMEs to increase liquidity access for viable small businesses impacted by COVID-19. During the 2020 fiscal (July 2019-June 2020), World Bank has extended USD 5.13 billion loans to India– which is the highest in a decade. This includes USD 2.75 billion given in three months in response to the COVID-19 pandemic.

The Indian Institute of Technology (IIT) Madras on 30th June announced it has launched the “world’s first” online BSc degree course in Programming and Data Science.

The course will be open to anyone who has passed class 12 with English and Maths at class 10 level, and enrolled in any on-campus undergraduate course. Even the current batch of students who are completing their class 12 are eligible to apply. Graduates and working professionals can also take up this programme.

A MoU was signed on Waste to Energy plant at Okhla, Delhi, between Indian Oil, NTPC Ltd and South Delhi Municipal Corporation (SDMC).

Aims: Under the MoU, IndianOil, SDMC and NTPC shall come together to develop a demonstration Waste-to-energy Plant at Okhla landfill site in Delhi, using Gasification technology. This Plant shall process 17500 tons per annum of Refuse Derived Fuel (RDF) produced from combustible components of Municipal Waste to generate syngas which shall in turn be used to generate electricity.

Shashank Manohar’s tenure as the International Cricket Council’s first independent chairman came to an end on 1st July.

ICC Chairman Shashank Manohar has stepped down after two, two-year tenures at its helm. The ICC Board met and agreed that Deputy Chairman Imran Khwaja will assume the responsibilities of the Chairperson until a successor is elected.

The government has extended Union Bank of India (UBI) CEO Rajkiran Rai’s term by another two years until his retirement on May 31 2022.

Rai had taken over a CEO of the Mumbai-based lender on July 1, 2017.

 India celebrates National Doctor’s Day on July 1 each year, in honour of the birth and death anniversary of the great physician and the second Chief minister of West Bengal, Dr. Bidhan Chandra Roy.

National Postal Worker Day is a unique opportunity to say ‘thank you’ not only to postmen but also to all delivery personnel, as online shopping has become a lifeline for many of us. On July 1, National Postal Worker Day is marked in recognition of postal workers across the world.

Men and women engaged in postal services bear the overhead sun and lashing rain to deliver letters and couriers on time through the year. Not only harsh weather, they have to carry weight as well.

Explanation: At Tier I and II centres, the withdrawal limit is ₹1,000/- per day per card.

Explanation: Charges, if any, levied on cash withdrawals shall not exceed 1% of the transaction amount.

 The government on 29th June launched the PM Formalization of Micro Food Processing Enterprises (PM FME) scheme as a part of ‘Atmanirbhar Bharat Abhiyan’ and as a part of Prime Minister’s ‘Atmanirbhar Bharat Abhiyan’. Launched by Union Minister for Food Processing Industries Harsimrat Kaur Badal, the scheme would generate a total investment of Rs 35,000 crore and generate 9 lakh skilled semi-skilled employment.

Purpose: It will benefit 8 lakh units through access to information, training, better exposure and formalization.