Current Affairs Quiz - August, 2020

Notes:
The US House of Representatives has recently passed a legislation to promote the legacies of Gandhi, Martin Luther King Jr.
The bill seeks to set up an educational forum and an exchange programme for Indian and American students to study about the two great leaders. It also seeks to develop a professional development training initiative based on the principles of non-violence.

Notes:
In the month of May, the Union Finance Minister Nirmala Sitharaman had reduced EPF contribution by 4% for three months of May, June and July.
2% of employer’s contribution and 2% of employee’s contribution were reduced. This step was taken as a part of relief measures announced by the Government during the Covid-19 pandemic. From the month of August, the effective contribution will come back to the old deduction rate of 24%.

Notes:
Confederation of Indian Industries (CII) organised the “National Digital conference on Ease of Doing Business for Atmanirbhar Bharat”.
Union Commerce Minister Piyush Goyal inaugurated the conference and said that the country is heading towards a complete digital eco-system. He also said that the government is aiming to cover the entire nation through optic fibres in the next two years.

Notes:
India’s solar-powered ferry Aditya has won the prestigious Gustave Trouve Award for Excellence in Electric Boats and Boating.
It has been named the best electric boat in the category of ferries designed for paid passenger service. Aditya was the first solar-powered ferry of the country when it began its operations in 2017 in Kerala. The ferry built by NavAlt Boats belongs to the Kerala State Water Transport Department.

Notes:
The United States astronauts Bob Behnken and Doug Hurley, who flew to the International Space Station in SpaceX’s new Crew Dragon, landed back on the Earth.
The astronauts splashed down aboard Crew Dragon ‘Endeavor’ in the Gulf of Mexico after a 64-day voyage in space. This is NASA’s first crewed mission from American soil in nine years. This splash down is the first of its kind by NASA in 45 years.

Notes:
PTC India Limited, previously called as Power Trading Corporation of India has been approved to set up the third Power exchange of India.
At present, India has two power exchanges namely Indian Energy Exchange (IEX) and Power Exchange India (PXIL), to enable over-the-counter sale and purchase of power. The Central Electricity Regulatory Commission has approved the proposal of PTC India made along with BSE Investments and ICICI Bank.

Notes:
Union Education Minister Ramesh Pokhriyal Nishank laid the foundation stone of Indian Institute of Management (IIM) Sirmaur.
The Minister inaugurated it virtually along with the Chief Minister of Himachal Pradesh Jai Ram Thakur, in Dhaulakuan, Himachal Pradesh. The institute has been operationalised by IIM Lucknow from August 2015 as the mentor Institution. The Union Government has sanctioned Rs 531.75 Crore for the construction and functioning of the institute.

Notes:
The present Chairman of Securities Exchange Board of India (SEBI), Ajay Tyagi has been given an 18-month extension till February 2022.
According to a Personnel Ministry order, the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi has approved his extension. The 1984 batch IAS (retired) officer has been serving as the Chairman since March 2017.

Notes:
The Reserve Bank of India (RBI) held its second bi-monthly monetary meeting of FY 2020-21 on August 6, 2020.
After the meeting, the RBI Governor Shaktikanta Das announced that the central bank has decided to keep the key policy rates unchanged with ‘accommodative stance’. Hence, the repo rate will remain at 4 per cent and the reverse repo at 3.35 per cent. There were two rate cuts in March and May.

Notes:
Technology Giant Google India has collaborated with Prasar Bharati and Virtual Bharat for AI-enabled Independence Day celebration of India.
It seeks to recreate the feeling of singing the National Anthem in schools by using Artificial Intelligence Technology. Participants can download the mentioned application and record themselves singing the anthem. It would convert the voice into traditional instrumental music.