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 Indian Space Research Organisation recently announced that IN-SPACe (Indian National Space Promotion and Authorisation Centre) will be the single nodal agency to regulate space activities and the use of ISRO facilities by private sector.
The Union Cabinet cleared the setting up of IN-SPACe as a separate body. Announcing the detailed structure of IN-SPACe, ISRO said that the body will have its own Chairman, technical experts from academia and industries and members of Prime Minister’s Office and Ministry of External Affairs.

Notes:
The Parliament of Turkey approved a new legislation that gives its authorities more power to regulate social media content.
As per the law, major social media companies such as Facebook and Twitter will have to keep representative offices and also would store user data in Turkey. The government said this law will combat cyber-crime and protect users and Authorities can remove cyber bullying posts.

Notes:
The Union Cabinet of India has given approval to Memorandum of Understanding (MoU) signed between India and Zimbabwe on cooperation in the field of Traditional Systems of Medicine and Homeopathy.
The MoU that was originally signed on November 3, 2018, will mutually benefit the two countries in the field of Traditional Medicine including recognition of educational qualifications, provision of scholarships etc.

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:
Facebook has recently launched the second phase of its consumer marketing campaign ‘More Together’ in India.
The first phase was rolled out in the month of March 2020. Through the campaign, Facebook will spotlight people who connected with one another through Facebook for the first time and jointly addressed many challenges

Notes:
Andhra Pradesh Chief Minister YS Jaganmohan Reddy launched a cybercrime awareness programme E-Rakshabandhan.
It is a first-of-its-kind virtual programme of the Criminal Investigation Department (CID) and the State Police. The one-month-long programme aims to create awareness among the public, especially women, youth and children in cyberspace.

Notes:
Ministry of Micro Small and Medium Enterprises (MSME) has recently approved a programme for artisans who make Agarbatti.
The programme aims to develop village industry under ‘Gramodyog Vikas Yojana’. Under the programme, four pilot projects will be started that includes one in the North Eastern part of the country. Each cluster of artisans will be provided with automatic Agarbatti making machines.

Notes:
State-owned oil and gas company and the largest commercial oil company in the country, Indian Oil has partnered with France’s Total.
The Joint Venture has been formed to make Superior Quality Bitumen derivatives and specialty products for India’s road construction industry. The JB would initially take over the existing plant of Total at Jodhpur, Rajasthan and then invest Rs 226 crore to set up six new plants across India.

Notes:
The Ministry of Defence (MoD) has unveiled the draft ‘Defence Production & Export Promotion Policy (DPEPP) 2020’ for public feedback.
As per the policy, the aim is to achieve Defence and Aerospace exports of USD 5 billion by the year 2025. It also seeks to increase the manufacturing turnover in Defence sector to $25 bn or ₹1,75,000 crore.