Current Affairs Quiz - August, 2020

Notes:
India’s leading NBFC and a Public sector Unit (PSU) under Ministry of Power, Power Finance Corporation (PFC) has partnered with Indian Institute of Technology- Kanpur (IIT-K) for Training and Research in Smart Grid Technology
Under the agreement, PFC will provide financial assistance of over Rs 2 Crore to the institution under its Corporate Social Responsibility (CSR) initiative. This is expected to promote research and Entrepreneurship Development in the field.

Notes:
The Small Industries Development Bank of India (SIDBI) has launched a knowledge portal named ‘MSME Saksham’, in association with TransUnion CIBIL.
The comprehensive financial education and knowledge platform will provide financial awareness to the micro, small and medium enterprises (MSME) and assist them in getting quick access to formal and affordable credit facilities.

Notes:
Technology giant Amazon recently announced that it will invest more than USD 10 billion to build a network of over 3000 satellites.
The network is expected to provide high-speed broadband internet services to people around the world. Named as ‘Project Kuiper’, the plan aims to build a network of low-Earth orbit (LEO) satellites. This will compete with the SpaceX’s Starlink network.

Notes:
FinTech company MobiKwik launched a UPI payment link service, mpay.me, that allows users to send and receive money from any UPI payment app.
Through the new service, users and merchants can set up a mini personal payment gateways with their mobile number and share them. With the link, users can send and receive money through any UPI app. This service works on mobile as well as computer.

Notes:
The former Defence Minister of the African country Ivory Coast Hamed Bakayoko, has been recently named as the Prime Minister of the country.
Earlier, the previous Prime Minister Amadou Gon Coulibaly passed away suddenly on July 8 and Hamed Bakayoko has been serving as the acting Prime Minister. The 55-year old leader has been serving as the Defence Minister since 2017 after serving as the Interior Minister since 2011.

Notes:
The United Arab Emirates has successfully commenced operation of the Arab world’s first commercial nuclear power plant.
The Barakah reactor is located in the oil-rich city of the UAE, Abu Dhabi. With the commission, the UAE joins the group of 30 countries that can generate nuclear energy. It is built and run by a joint venture with Korea Electric Power Corporation.

Notes:
The United Kingdom is set to imprint the image of Mahatma Gandhi in a new set of coins, as a part of efforts to celebrate the contributions of non-white individuals.
Rishi Sunak, the Chancellor of the Exchequer has sent the recommendation to the Royal Mint Advisory Committee (RMAC). It is conducting a campaign called “We Too Built Britain”. If the coins are minted with Gandhi’s image, he would be the first non-White person to feature on a British coin.

Notes:
Rajya Sabha member Amar Singh has recently passed away at the age of 64. He was undergoing treatment in hospital for the past few months.
Several political leaders condoled the death of Amar Singh. He was a businessman turned Politician who had acquaintances in all major parties. He was active in his social media account even during last week.

Notes:
Ciro Immobile is an Italian professional footballer who plays for the football club Lazio and the national team of Italy.
Ciro Immobile was seen in news, as he has won the domestic Golden Boot and the European Golden Shoe award. In a recent match, he matched Gonzalo Higuain’s record of 36 goals in a single season. The striker had a record 14 penalties out of the total goals.

Notes:
Union Agriculture Minister Narendra Singh Tomar has recently launched the official YouTube channel of the National Cooperative Development Corporation.
It is called the ‘Sahakar Cooptube NCDC Channel and is a new initiative by NCDC, a statutory Corporation under the Ministry of Agriculture & Farmers Welfare. The Union Minister also launched instruction videos produced by NCDC on ‘Formation and Registration of a Cooperative’.