Current Affairs Quiz - August, 2020

Notes:
A tripartite Memorandum of Understanding (MoU) has been signed between Council of Scientific and Industrial Research (CSIR), Unnat Bharat Abhiyan-Indian Institute of Technology, Delhi (UBA-IITD) and Vijnana Bharti (VIBHA), New Delhi.
The objective of the MoU is to provide joint action in the area of Unnat Bharat Abhiyan (UBA) for rural development of India. UBA is a flagship program of the Ministry of Human Resource Development (MHRD) by connecting academic institutions with local communities.

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:
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:
Union Minister for Road Transport, Highways Nitin Gadkari inaugurated the upstream lane of Mahatma Gandhi bridge, through video conference.
The 5.5 km four lane bridge is built over river Ganga connecting Patna and Hajipur of Bihar. The reconstruction work of this bridge started in the year 2017 and the cost outlay is Rs 1742 crore. The downstream lane of the bridge is to be completed by 2021. The concrete structure of the old bridge will be replaced by new steel deck.

Notes:
Apple surpassed multinational petroleum company Saudi Aramco to become the world’s most valuable publicly listed company.
The market capitalisation of the technology company surged to USD 1.82 trillion, as per the regulatory filing of the company. Whereas, the market capitalisation of Aramco stood at USD 1.760 trillion.

Notes:
Large companies with turnover of over Rs 500 crore are mandated to submit sales invoices electronically.
This has been notified by the Government under the Goods and Services tax (GST) regime. As per the notification released, Units in special economic zones have been exempt from complying with e-invoicing. Earlier, the limit of turnover was Rs 100 crore.

Notes:
The 100th death anniversary of Lokmanya Bal Gangadhar Tilak is being observed on 1st August, across the country.
Tilak was a prominent extremist leader in the Indian National Congress. Being an integral part of the Lal-Bal-Pal trio, he proclaimed “Swaraj is my birth right and I shall have it”. Tilak was born on July 23, 1856 in Maharashtra and passed away on August 1 in the year 1920.

Notes:
World Breastfeeding Week is celebrated during the first week of August (August 1-7) across the world in many countries.
The campaign was initially organised by the World Alliance for Breastfeeding Action (WABA) in association with the World Health Organisation (WHO) and UNICEF in 1992. The week also marks the signing of the Innocenti Declaration. The theme of this year is “Support breastfeeding for a healthier planet”.

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:
British racing driver Lewis Hamilton has recently won the British Grand Prix tournament, to clinch his 87th career victory.
Red Bull’s Max Verstappen came second and is followed by Charles Leclerc who finished third for Ferrari. Due to a technical glitch, Valtteri Bottas had to come back for a tire change and he could get only 11th spot. Four-time F1 champion Sebastian Vettel was placed 10th.