Weekly Current Affairs (8th to 14th August 2020) Part - 1 Notes | EduRev

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Current Affairs : Weekly Current Affairs (8th to 14th August 2020) Part - 1 Notes | EduRev

The document Weekly Current Affairs (8th to 14th August 2020) Part - 1 Notes | EduRev is a part of the Current Affairs Course Current Affairs & Hindu Analysis: Daily, Weekly & Monthly.
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BANKING & FINANCIAL AWARENESS

1. Which countries Export-Import (EXIM) Bank has to improve the power supply quality of the country ________ Mozambique.
Note:

Weekly Current Affairs (8th to 14th August 2020) Part - 1 Notes | EduRev➢ The Agreement was signed through exchange between Saroj Khuntia, General Manager of EXIM Bank and Adriano Isaias Ubisse, National Directorate of Treasury, Ministry of Economy and Finance, Mozambique.
➢ With the signing of this agreement, India has extended 14 Lines of Credit to Mozambique taking the value to USD 772.44 million.

2. Life Insurance Corporation of India(LIC) has acquired 4.23% Stake of which bank_______ YES Bank.
Note:

➢ With this acquisition, the hold of LIC in YES Bank has increased from 0.75%(19 crore shares) to 4.98%(125 crore shares).
➢ Period of acquisition is between September 21, 2017, and July 31, 2020.

3. Which of the following entities committed to invest Rs 75 crore in Endiya Partners Fund II ________ International Financial Corporation (IFC).
Note:

Weekly Current Affairs (8th to 14th August 2020) Part - 1 Notes | EduRev➢ In addition to this, IFC has also committed an additional USD 10 million for direct co-investments.
➢ The partnership will provide financial and strategic support to Endiya portfolio companies, resulting in increased access to growth opportunities and sustainable scalability.

4. Which of the following banks has collaborated with InstaReM to enhance the existing outbound remittance service offerings from India ________ SBM Bank India.
Note:

➢ Through this partnership, SBM Bank India will be the licensed banking partner for InstaReM and gain access to United States, Canada, Australia, Europe, Singapore, Malaysia and Hong Kong.
➢ SBM Bank India will also utilise the payment rails of InstaReM to facilitate last mile outbound transfer deliveries for the users in India.

5. Which of the following organizations has launched ‘nth Rewards’, a business intelligence and analytics enabled omnichannel multi-branded loyalty platform ________ National Payment Corporation of India (NPCI).
Note:

➢ This platform enables users to earn ‘nth’ (denoting infinite possibilities) points through various bank transactions and redeem them instantly on various products, such as e-vouchers, donations, hotel and flight bookings.
➢ The platform aims to become a one stop shop for the bank which will enable them to retain and grow their customer base.

6. Which of the following stock exchanges has signed a Memorandum of Understanding (MoU) with Maharashtra-based bullion trade and industry associations ‘Akola Sarafa Association and Akola Sarafa Va Suvarnakar Yuva Sangh _______ Bombay Stock Exchange (BSE).
Note:

➢ The Bombay Stock Exchange (BSE) will conduct various activities such as seminars and awareness programmes on price-risk management for bullion traders and jewellers.
➢ These programmes will help them in shifting to more organised forms of trading.

7. Which of the following entities has launched India’s 1st Pocket Android POS (Point of Sale) Device for contactless ordering and payments in India _________ Paytm.
Note:

➢ It is an effort to digitise and empower a large number of Small and Medium Enterprises (SMEs).
➢ The company aims to issue over 2 lakh devices within the next few months which will generate over 20 million transactions per month.

8. Which of the following banks has obtained in-principle approval from the Reserve Bank of India(RBI) to set up a wholly owned non- financial subsidiary for undertaking activities permitted by RBI ________ South Indian Bank.
Note:

➢ After SIB completes the relevant formalities and receives final approval from the regulators the subsidiary will commence its operations.
➢ The establishment of the subsidiary is a further step in consolidating the position of SIB “as a Retail Banking Power House.”

9. Prime Minister Narendra Modi has launched the platform “Honoring the Honest” for which purpose _______ Transparent Taxation.
Note:

Weekly Current Affairs (8th to 14th August 2020) Part - 1 Notes | EduRev➢ In a major reform the Central Board of Direct Taxes (CBDT) has carried out several major tax reforms in direct taxes in recent years.➢ Last year, the Corporate Tax rates were reduced from 30 per cent to 22 per cent and for new manufacturing units, the rates were reduced to 15 per cent. Dividend distribution tax was also abolished.

10. The Reserve Bank of India (RBI) has announced to introduce a mechanism of ‘Positive Pay’ feature for all cheques of value ________ Rs 50,000 and above.
Note:

➢ This feature helps to avert cheque frauds. The limit of Rs 50,000 will cover approximately 20 per cent of transactions by volume and 80 per cent by value.
➢ The Reserve Bank of India (RBI) has announced to introduce a mechanism of ‘Positive Pay’ feature for all cheques of value Rs 50,000 and above.

11. Which of the following companies to acquire Volvo Bus India in Rs 100 crore deal ________ Volvo Eicher.
Note:

➢ A new bus division will be formed at VECV to house both Eicher and Volvo bus businesses. It will be headed by Volvo Bus Corporation’s Akash Passey, who will repatriate to India and move to VECV.
➢ The bus manufacturing plant of Volvo at Hoskote in Karnataka and its 500 employees would be transferred to VECV.

12. For which banks with assets of Rs 2,000 crore or above as on March 31, 2020 the Reserve Bank of India has mandated to implement system-based asset classification from 30 June 2021 _______ Urban Co-operative banks.
Note:

➢ The UCBs having total assets of over Rs 2,000 crore as on March 31, 2020, will be required to implement the system-based asset classification from June 30, 2021.
➢ UCBs having total assets of over Rs 1,000 crore but less than Rs 2,000 crore as on March 31, 2020 and having selfassessed themselves as being under Level III or Level IV on the Comprehensive Cyber Security Framework will be required to implement system-based asset classification from September 30, 2021.

13. The National Agricultural Higher Education Project (NAHEP) was funded by Government of India and which bank _______ World Bank (WB).
Note:

➢ The Government of India-World Bank-funded National Agricultural Higher Education Project is designed for strengthening the national agricultural education system in the country.
➢ The overall objective to provide more relevant and high-quality education to the agricultural university students that are in tune with the New Education Policy – 2020.

OBITUARIES

1. Renowned personality Sadia Dehlvi passed away recently, she was a veteran __________ Writer and Activist.
Note:
➢ She was born in 1957, came from the royal ‘Shama’ family, edited the Urudu women’s journal Bano.
➢ Dehlvi, writing focuses on women, minorities, Islamic spirituality, and Delhi’s heritage and culture.

2. Renowned personality Mukund Lath passed away recently, he was a veteran _________ Culture Historian.
Note:

➢ A prominent culture historian and exponent of Mewati Gharana, Mukund Lath passed away at the age of 82 on 6th August, 2020 in Jaipur.
➢ He was awarded India’s fourth highest civilian honour, the Padma Shri, in 2010 for his contributions to the field of arts and cultural history.

3. Renowned personality Nandi Yellaiah passed away recently, he was a veteran______ Politician.
Note:

➢ He was was first elected to the Lok Sabha from Siddipet in 1979. He was elected to Lok Sabha six times and Rajya Sabha twice from 2002 to 2014.
➢ Nandi Yellaiah commenced his political career as a corporator of Hyderabad Municipal Corporation.

4. Famous personality Manitombi Singh passed away, he was a veteran ______ Sportsman.
Note:

➢ He played for Mohun Bagan and was part of the Hindustan FC team that won the Delhi Soccer Association league title in 2010.
➢ Manitombi played for India in the 2002 LG Cup in Vietnam.

5. Renowned personality PK Muthusamy passed away recently, he was a veteran ________ Songwriter.
Note:

➢ Veteran Tamil film songwriter, PK Muthusamy passed away. He had penned memorable Tamil film lyrics like ‘Mannukku Maram Baaramaa ?’ – which means ‘are the trees a burden on the earth?’.
➢ His other famous songs composed by Muthusami include ‘Mapilai vandar’ and ‘Chinna Chinna nadai nadandu’ etc.

6. Noted personality Rahat Indori passed away recently, he was a veteran _______ Urdu Poet.
Note:

Weekly Current Affairs (8th to 14th August 2020) Part - 1 Notes | EduRev➢ With a 50-year career in poetry, Indori, an Urdu scholar of great repute, was one of the biggest mushaira (poetry symposiums) stars in the country and someone who fearlessly called a spade a spade.
➢ He was also a bollywood lyricist and known for the lyrics of songs like “M Bole to” from Munnabhai MBBS (2003), and “Neend Churai Mei” from Ishq (1997).

7. Renowned personality GK Menon passed away, recently he was a veteran ________ Journalist.
Note:

➢ He played cricket at the club level and also was an active member of the Shivaji Park Gymkhana in Dadar, central Mumbai.
➢ He was manager of the 1952-53 Bombay University team which won the Rohinton Baria Trophy by beating Delhi in the final at Bengaluru.

8. Chunnakara Ramankutty passed away recently he was a famous poet and film and drama lyricist of which language _________ Malayalam.
Note:

➢ Popular Malayalam poet and film and drama lyricist Chunnakara Ramankutty passed away at a private hospital in Thiruvananthapuram.
➢ Starting from 1978 he wrote lyrics for Malayalam films, till a few years back.

IMPORTANT DAYS

1. United Nations observes the International Day of the World’s Indigenous Peoples every year on _______ 09th August.
Note:

➢ The day is being observed to raise awareness of the needs of indigenous peoples.
➢ The theme of International Day of the World’s Indigenous Peoples 2020 is “COVID-19 and indigenous peoples’ resilience”.

2. The World Biofuel Day is observed globally every year _______10th August.
Note:

➢ The World Biofuel Day is observed every year to aware about the importance of non-fossil fuels as an alternative to conventional fossil fuels.
➢ The day also highlights the various actions taken by the Government in the Biofuel sector.

3. Which Days is being celebrated very year on 12th August ________ International Youth Day.
Note:

Weekly Current Affairs (8th to 14th August 2020) Part - 1 Notes | EduRev➢ This day is celebrated to recognize the efforts put in by the youth for the betterment of society.
➢ The Day aims to promote the ways to engage the youth and make them more actively involved in their communities through positive contributions.

4. What is the theme of the International Youth Day (IYD) 2020 __________ Youth Engagement for Global Action.
Note:

➢ This day is celebrated to recognize the efforts put in by the youth for the betterment of society.
➢ The Day aims to promote the ways to engage the youth and make them more actively involved in their communities through positive contributions.

5. The ‘World Elephant Day’ is observed every year across the world on __________ 12th August.
Note:

➢ The day focuses on bringing the world together to help elephants and also inform people and organisations about the threat that an elephant faces.
➢ On 12 August, 2012, the first international Elephant Day was celebrated. Since then, it is observed annually and this day is dedicated to the huge animal protection and preservation.

6. The World Organ Donation Day is observed globally every year on ________13th August.
Note:

➢ This day is celebrated to raise awareness about the importance of organ donation and motivate people to donate organs after death.

7. The World Lizard Day is observed every year on which date ________ 14th August.
Note:

Weekly Current Affairs (8th to 14th August 2020) Part - 1 Notes | EduRev➢ Most celebrations of this holiday occur at the local level, through events organized by schools, natural history or science museums, zoos, national parks, conservation NGOs etc.
➢ World Lizard Day has not yet been taken up for serious conservation work by international agencies or organizations like the IUCN or WWF, and is focused on creating awareness of the reptiles, apparently mostly as pets.

NEW APPOINTMENTS

1. Who has been appointed as the Chairman of the Union Public Service Commission (UPSC) _______ Pradeep Kumar Joshi.
Note:

➢ His tenure as the chairman of the UPSC will be till April 4, 2022.
➢ He succeeds Arvind Saxena who retires as the UPSC chairman on 6th August 2020.

2. Who has been appointed as the chairman of the 3-member committee set up by the government of India for determination of ceiling rates under Remission of Duties and Taxes on Exported Products (RoDTEP) scheme ______ GK Pillai.
Note:

➢ The two other members are Y G Parande, retired Central Board of Indirect Taxes & Customs member and Gautam Ray, retired chief commissioner of custom and central excise.

3. Who has been appointed as new Managing Director (MD) and Chief Executive Officer (CEO) of PNB Housing Finance Limited _________ Hardayal Prasad.
Note:

➢ Prasad will take over from, Neeraj Vyas the current interim managing director and chief executive officer of the company, will step down from the position on August 10.
➢ Prasad is experienced in banking, international operations at SBI and SBI Cards and Payment Services (SBI Card).

4. Who took oath as the Prime Minister of Sri Lanka ______ Mahinda Rajapaksa.
Note:

➢ The 74-year-old Sri Lanka People’s Party (SLPP) leader has been appointed as the PM of Sri Lanka.
➢ Prior to this, Mahinda Rajapaksa was first elected prime minister in 2004 and again appointed for brief periods in 2018 and 2019.

5. Alexander Lukashenko has won the presidential election in which of the following country _______ Belarus.
Note:

➢ President of Belarus, Alexander Lukashenko has won his sixth consecutive term with 80.23 per cent of the vote at the country’s presidential election.
➢ A former English teacher Svetlana Tikhanouskaya, who emerged as Lukashenko’s main rival at the elections gets 9.9 per cent of the vote.

6. Who has been appointed as the Executive Chairman of Financial Services Platform, Capital India Finance Limited (CIFL) ________ Harsh Kumar Bhanwala.
Note:

➢ Dr. Bhanwala is a PhD holder and did his Post Graduation degree in Management from Indian Institute of Management (IIM), Ahmedabad.
➢ He was Chairman of National Bank for Agriculture and Rural Development (NABARD) from December 2013 till May 2020.

7. Walter Roger Martos Ruiz becomes new Prime Minister of which country _______ Peru.
Note:

➢ His appointment was confirmed by President of Peru, Martin Vizcarra.
➢ Ruiz will succeed Pedro Álvaro Cateriano Bellido. The swearing-in ceremony took place at the Government Palace in Lima.

8. Who has been has been appointed as the new Prime Minister of Mauritania ________ Mohamed Ould Bilal.
Note:

➢ The appointment was made by the Mauritanian President Mohamed Ould Ghazouani.
➢ Mohamed Ould Bilal is a veteran public administrator and has served as the head of the country’s national water agency, a presidential aide and a cabinet minister.

9. Who has been appointed as the new Chairman of Indian Council for Research on International Economic Relations (ICRIER) ________ Pramod Bhasin.
Note:

➢ He is currently the vice-chair of the board of governors at ICRIER. He will replace Isher Judge Ahluwalia, who has stepped down due to health reasons.
➢ Isher had been in this position for 15 years.
➢ She will continue as chairperson emeritus, a position specially created to honour her exceptional contributions to the Council.

10. Who has been appointed as non-executive chairman of Indiabulls Housing Finance (IBH) ________ Subhash Sheoratan Mundra.
Note:

➢ Sameer Gehlaut, the co-founder and Chairman of Indiabulls Housing Finance Ltd ( IBHFL) has stepped down as the Executive Chairman of the company, and taken up the role of Non-Executive, Non-Independent Director of IBHFL.
➢ He has stepped down to take charge as Chief Executive Officer (CEO) of Indiabulls Ventures Ltd, a subsidiary company of IBHFL.

11. Who has been selected as the next chairman of Steel Authority of India Limited (SAIL) by the Public Enterprises Selection Board (PESB) ________ Soma Mondal.
Note:

Weekly Current Affairs (8th to 14th August 2020) Part - 1 Notes | EduRev➢ She will be taking charge when the present Chairman Anil Chaudhary.
➢ Mondal had taken over as Director (Commercial) of SAIL in September 2018. Prior to this, she was Director (Commercial), NALCO, Bhubaneswar which was history in making as was NALCO’s first-ever female director.

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