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Important Current Affairs 20th July 2021

INTERNATIONAL

Microsoft deal to acquire RiskIQ

•Microsoft has reached a deal to acquire RiskIQ, a San Francisco-based provider of cybersecurity services, including malware and spyware monitoring and mobile app security. RiskIQ’s services and solutions will join Microsoft’s suite of cloud-native security products, including Microsoft 365 Defender, Microsoft Azure Defender, and Microsoft Azure Sentinel. While Microsoft hasn’t valued the deal, Bloomberg reported that the company is said to be paying more than $500 million for RiskIQ.

•RiskIQ uses machine learning applications to analyze threats. The cloud-based RiskIQ software detects security issues across networks and devices, and the company lists Box, the US Postal Service, BMW, Facebook, and American Express as customers. RiskIQ was originally founded in 2009 and has gradually become an important player in analyzing security threats.

NATIONAL

Haryana government will introduce ‘One Block, One Product’ scheme

•The Haryana government will soon introduce the ‘One Block, One Product’ scheme, to encourage and promote small industries in the rural areas. Under the scheme, the state government plans to connect every block of the state with some industrial vision and the government is working expeditiously on this scheme.

•Arrangements for common services, lab testing, packaging, transportation, accountancy will be set up in the cluster itself. Haryana’s ‘One District, One Product’ Scheme which is being implemented under MSME, has come up as a model across the country.

SPORTS

Former Indian Shibaji Banerjee to be conferred with Mohun Bagan Ratna posthumously

•Former India and Mohun Bagan shot-stopper Shibaji Banerjee, who famously denied Brazil’s legendary football player Pele from scoring a goal in an exhibition match in 1977, will be conferred with Mohun Bagan Ratna posthumously.

•The friendly match against New York Cosmos at the iconic Eden Gardens ended in a thrilling 2-2 draw. Banerjee played for Bagan for 11 years and died at the age of 68 four years ago.

IMPORTANT DAYS

Science Exploration Day 2021: 20th July

•Science Exploration Day (also called Moon Day) is marked every year on 20 July. It was on this day in 1969 that Neil Armstrong and Edwin ‘Buzz’ Aldrin became the first humans to land on the Moon’s surface. The origins of Space Exploration Day date back to man first walking on the moon, with the day itself first observed to commemorate this historic event during events held in the early 1970s.

•Neil Armstrong was the first man to set foot on the moon’s surface. The Armstrong- Aldrin duo spent 21.5 hours on the surface of the moon out of which they spent 2.5 hours outside of their capsules. To commemorate their achievement, the day was declared a holiday in 1984 by the then President of the United States, Ronald Reagan.

International Chess Day 2021: 20th July

•The International Chess Day is celebrated annually on July 20, since 1966, to celebrate one of the most ancient and most popular games in history that promote fairness, equality, mutual respect and understanding among nations. It was on this day that the International Chess Federation (FIDE) was founded, in 1924. The idea to celebrate the day as the international chess day was proposed by UNESCO. This day has been celebrated in as many as 178 countries, and a resolution officially recognizing it was signed by the United Nations in 2019.

•Invented in India in the fifth century, this board game was originally named “Chaturanga”. Chess is likely one of the oldest games of this era. After the development of the game in India, it eventually spread to Persia.

•The first modern chess tournament was held in London in 1851 and won by German Adolf Anderssen. On July 20, 1924, at the eighth summer Olympic games in Paris, France, the FIDE (World Chess Federation) was founded.

AWARDS AND RECOGNITION

India’s Payal Kapadia wins best documentary award in 74th Cannes Film Festival 2021

•Director Payal Kapadia’s, “A Night of Knowing Nothing” won the Oeil d’or (Golden Eye) award for best documentary at the 74th Cannes Film Festival. The Mumbai-based filmmaker’s first feature bagged the prestigious prize in a formidable field made up of 28 documentaries presented across various sections of the festival. A Night of Knowing Nothing screened as part of the Directors’ Fortnight, a section that runs parallel to the festival.

•The award was instituted in 2015 by LaScam (the French-Speaking Writers’ Society) and Bertuccelli in collaboration with the Cannes Film Festival and its general delegate Thierry Fremaux.

Two Indian organisations wins UNDP Equator Prize 2021 for their work

•Aadhimalai Pazhangudiyinar Producer Company Limited and Snehakunja Trust are among the 10 awardees of the prestigious Equator Prize 2021 for their work in the field of conservation and biodiversity. The UNDP gives a biennial award to recognize community efforts to reduce poverty through the conservation and sustainable use of biodiversity.

•Aadhimalai Pazhangudiyinar Producer Company Limited is a 1,700-member cooperative, managed and run entirely by indigenous people from the Nilgiri Biosphere Reserve in Tamil Nadu and its work in the past eight years has improved livelihood across 147 villages by processing and marketing a diverse range of forest produce and crops.

BOOKS AND AUTHORS

Book “RSS” by Sudhanshu Mittal now in Chinese

•BJP leader Sudhanshu Mittal”s book on the Rashtriya Swayamsevak Sangh (RSS) has now been translated into the Chinese language. “RSS: Building India Through SEWA”, which talks of RSS”s history, ideology and policies, and their subsequent impact on the nation, was brought out by Har-Anand Publications in 2019. The Chinese translation is by Jack Bo.

•According to Mittal, he wrote this book to “differentiate between fact and fiction that is at the heart of the debate on the RSS” and to attempt to clarify RSS”s contribution to and position in Indian society. The book, in his words, attempts to describe the work of the RSS since its inception, its history, the core of Sewa Karya, the structural organisation, busting the myths of the RSS not having participated in the Independence movement of India, the Ram Janmabhoomi issue, and the organisation’s dynamic nature through generational change.

Book ‘The India Story’ by Bimal Jalan the former governor of RBI

•Former RBI governor Bimal Jalan writes a new book titled ‘The India Story’. The book focuses on India’s economic history and aims to provide lessons for the future of India’s political economy.

•He traces India’s economic policies from 1991 to 2019 to offer insights on learning from the past, before moving ‘Beyond the Metrics of Economy’ to talk about the role of governance in implementing these policies. He also authored the books ‘India Then and Now’, ‘India Ahead’.

BANKING AND ECONOMY

Federal Bank launched “FEDDY” AI-Powered virtual assistant for customers

•The Federal Bank has launched “FEDDY”, an Artificial Intelligence-powered virtual assistant to help customers with banking-related queries anytime. The bank said while most of the similar AI-powered virtual assistants are available only on its website, FEDDY can be accessed via Alexa, Google Assistant and WhatsApp. It is integrated into Google Business Messaging, a first-of-its-kind by an Indian bank.

•The bank has recently come out with innovative and user-friendly facilities such as FedSelfie, under which individuals can open their accounts by merely taking a selfie, and Federal 24×7, which makes possible the opening of accounts through a video call to the bank.