August - Current Affairs - 2

Twenty-Year old Neelakantha Bhanu Prakash Jonnalagadda of Hyderabad has bagged the first ever Gold Medal for India in Mental Calculations (MC) World Cup (MCWC) held on August 15, 2020 by Mind Sports Olympiad (MSO).

SBI General Insurance Co Ltd launched a 1st of its kind offering, 'Shagun - Gift an Insurance', a unique gift of Personal Accident policy which provides complete financial protection to the insured person against uncertainties such as accidental death and partial or total disabilities, and permanent & temporary disabilities resulting from an accident.

The National Bank for Agriculture and Rural Development (NABARD) has introduced, 'Structured Finance and Partial Guarantee Program for Non-Banking Finance Companies (NBFC)-Micro Finance Institutions (MFIs)', a dedicated debt and credit guarantee product.

On 25th August 2020, Nitin Jairam Gadkari, Union Minister for Road Transport and Highways inaugurated and laid foundation stones for 45 highway projects in Madhya Pradesh (MP) during a virtual event. He also announced that Rs.700 crore from the Central Road Fund (CRF) will be utilised for the road sector of Madhya Pradesh.

On 25th August, 2020 Ahmedabad Railway Division launched the Baggage Sanitization and Wrapping Machine at the Ahmedabad Railway station to ensure safe travel for the passengers during the Pandemic. The Ahmedabad Railway Division has introduced the machine after considering the increase in transport and travel services after Unlock-1 Phase.

On 25th August, 2020 the book 'Running Toward Mystery: The Adventure of an Unconventional Life' authored by Tenzin Priyadarshi and co-written by Zara Houshmand released. The book provides an account of how the Dalai Lama traced his Spiritual Teacher Khunu Lama in India.

World Gujarati Day 2020 is celebrated on 24th August 2020 to commemorate the birth anniversary of the famous Gujarati poet and social reformer, Narmadashankar Dave popularly known as Veer Narmad. The world Gujarati day is dedicated to the Gujarati language and literature.

Axis Bank Ltd(Axis Bank) to acquire 17%(17.002%) of the equity share capital in Max Life Insurance(Max Life), instead of 29%. After the transaction, the total ownership of Axis bank in Max Life will be 18%. The parties have executed definitive agreements.

On August 24, 2020, a quartet loan agreement was inked between Government of India, the Government of Maharashtra, Mumbai Railway Vikas Corporation (MRVC) and the Asian Infrastructure Investment Bank (AIIB) for Mumbai Urban Transport Project-III. The agreement aims to improve the network capacity, reduction in journey time and fatal accidents of commuters, service quality and safety of the suburban railway system in Mumbai, Maharashtra.

On August 25, 2020, Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, has signed two MoUs (Memorandum of Understanding) one each with AFC ((formerly Agricultural Finance Corporation Ltd) India Limited, and National Cooperative Union of India (NCUI), Delhi for working together in the interest of agriculture and allied sectors.

The Government of Himachal Pradesh (HP) has signed a Memorandum of Understanding (MoU) worth Rs110 Crores with Micro Tek New Technologies Private Ltd for setting up an Electronics Manufacturing Unit at Baddi, Solan District, Himachal Pradesh. The MoU was signed by Director of Industries, Himachal Pradesh, Hans Raj Sharma and Subodh Gupta,Chairman of MicroTek New Technologies Private Ltd.

On August 24, 2020, in accordance with the Inter-University Centre for Astronomy and Astrophysics (IUCAA) in Pune, Maharashtra, India's first multi- wavelength satellite observatory, ASTROSAT, has detected an extreme ultraviolet (UV) light from a galaxy called "AUDFs01" which is 9.3 billion light-years away from Earth. The galaxy is located in the Hubble Extreme Deep field (XDF).

On August 25, 2020, the World Health Organisation declared Africa polio-free. The disease is now found only in Afghanistan and Pakistan. Highlights Nigeria is the last African country to be declared free from wild polio. More than 95% of Africa population have now been immunised. This was the major condition set by the Regional Certification.

On 24th August 2020, Pascal Lissouba, former President of Republic of Congo, which is also known as Congo-Brazzaville passed away at the age of 88 in Southern France due to illness. He was born in Tsinguidi, Republic of Congo.He belonged to the Pan-African Union for Social Democracy (UADS) party.

'Cricket Drona' a book on one of India's most renowned cricket coaches, Vasudev Jagannath Paranjpe will be released on September 2, 2020. The Book is written by Vasudev Paranjpe's son and current national selector Jatin Paranjpe along with Cricket Journalist Anand Vasu and published by Penguin.

On August 27, 2020, Russia released a 40-minute video of detonation of the world's most powerful hydrogen bomb. The bomb was called the Tsar Bomb. It is believed to be 3,333 times more destructive than that of the Hiroshima Nagasaki Atom bombs Little Boy and Fat Man. Highlights The Hydrogen bomb was first tested over .

Around thirty fishermen lose heir lives at sea in a year due to accidents during fishing. Under this context, the Government of Kerala has launched Marine Ambulance services to provide more efficient rescue. Highlights The Marine Ambulance specializes in providing first aid and also rescue operations. The ambulance is capable of providing critical care.

On August 25, 2020, the 17th meeting of the India-Vietnam Joint Commission on Trade, Economic, Scientific and Technological Cooperation was held virtually which was co-chaired by India's External Affairs Minister Subrahmanyam Jaishankar and his Vietnamese counterpart Pham Binh Minh.

On August 24, 2020 One of the most successful Indian Table Tennis players Poulomi Ghatak announced her retirement from the sport at the age of 37. The Kolkata born Poulomi Ghatak is a seven-time National Champion. She Won the Junior National Championship thrice and the Senior National Championship seven times, held in between 1998 and 2016.

HSBC India has launched Omni Collect, a one-stop solution in India. It supports businesses to offer multiple payment options on a single platform. It is designed for businesses to easily collect payments through various digital methods, thereby allowing them to easily adapt to the changes in consumer spending.

England pacer James Anderson,38-year-old,has become the first fast bowler in history to take 600 Test wickets in the third Test against Pakistan at the Ageas Bowl in Southampton,England, who is only the fourth bowler in the test cricket to join the 600-Plus Club with the three legendary spinners Sri Lankan Muttiah Muralitharan(800), Australian Shane Warne(708) and Indian Anil Kumble(619).

On 23rd August, 2020 Neyveli Lignite Corporation (NLC) India Ltd (NLCIL) bagged the Swacchta Hi Seva (Cleanliness is Service) 2019 award for transforming the Neyveli Township into a plastic-free, clean and green campus.

On August 25, 2020, Reserve Bank of India (RBI) released its Annual Report for 2019-20. It is Report of the Central Board of Directors on the working of the Reserve Bank of India (RBI) for the year ended June 30, 2020 submitted to the Central Government in terms of Section 53(2) of the Reserve Bank of India Act, 1934. In the report, RBI projected that India's growth at minus 4.5% for 2020-21. It will be (-) 3.7% in the single hit scenario and (-) 7.3% in the double hit scenario in FY2020-21.

The World Water Week of the year 2020 is observed as the World Water Week at Home (WWWeek at Home) from 24th August 2020 to 28th August 2020.The World Water Week, organised by Stockholm International Water Institute (SIWI) has been annually celebrated as the most influential, innovative and dynamic movement for transforming the global water issues.

UTI Infrastructure Technology And Services Limited (UTIITSL) has signed Memorandum of Understanding(MoU) with the National Health Authority (NHA) to provide printing services(through its branches and PSAs), support the beneficiary identification(i.e., fill up online validation process) and verification process in issuing e-cards to beneficiaries under the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY).

The National Highways Authority of India (NHAI) has developed the 'Vendor Performance Evaluation System' to establish a transparent and comprehensive performance rating system for its consultants, contractors and concessionaires.

On August 26th, 2020 Karnataka Chief Minister

On August 25, 2020 the African Continent was declared free of wild polio by the independent body, the Africa Regional Certification Commission(ARCC), which is responsible for certifying the eradication of wild poliovirus in the World Health Organization (WHO) African Region.

Haryana employment department signed a Memorandum of Understanding (MoU) with M3M Foundation, the philanthropic arm of M3M Group to facilitate students' online preparation, training and mentoring for entrance examinations of government jobs.

On August 27, 2020, the finance Minister Nirmala Sitharaman chaired the 41st GST Council meet. The council discussed states' compensation and revenue losses. What is GST Compensation? As a part of GST reforms, GST Compensation Cess was introduced through GST (Compensation to States) Act, 2017. The cess was levied on inter and intra state supply.

On 25th August 2020, Indian Space Research Organisation (ISRO) signed a Memorandum of Understanding(MoU) with Veer Surendra Sai University of Technology (VSSUT), Burla, Odisha, a technical institute, to set up the first of its kind innovation cum incubation centre, VSSUT Space Innovation Centre(VSSSIC) in India to promote space research.

Axis Bank, India's third-largest private sector bank, has introduced 'Liberty Savings Account' for the Indian Youth, to address the ever changing lifestyle needs of young and digitally interested Indians. It offers a complimentary hospital cash insurance cover of upto Rs 20,000 per year, which covers hospital expenses incurred under COVID -19, which makes this a 1st of its kind savings account to cover the pandemic.

On 26th August 2020, NITI Aayog in partnership with Institute of Competitiveness released the Export Preparedness Index (EPI) 2020, this is the first report to examine export preparedness and performance of the states of India. Gujarat was identified as the top performing state in the category of Coastal state and also topped the Overall rankings.

In accordance with the data provided by the Ministry of Finance to the Rajya Sabha, as of March 31, 2020, women in Tamil Nadu topped the list of loan benefit under Pradhan Mantri Mudra Yojana (PMMY) by availing Rs 58,227 crore loan. They are followed by women in West Bengal (Rs 55,232 crore), Karnataka (Rs 47,714 crore), Bihar (Rs 44,879 crore) and Maharashtra (Rs 42,000 crore).

On August 26, 2020, Indian Institute of Technology's (IIT) Alumni Council has signed an agreement with Russia's Lomonosov Moscow State University (MSU) and Russoft, an association of software developing companies, to access and transfer key technologies from Russia to build the world's largest and fastest hybrid quantum computer in India.