Current Affairs Quiz - August, 2020

Notes:
An affordable helicopter service on the Dehradun-New Tehri-Srinagar-Gauchar route in Uttarakhand under Ude Desh ka Aam Nagrik- Regional Connectivity Scheme (UDAN-RCS) has been inaugurated.
Union Civil Aviation Minister Hardeep Singh Puri along with Uttarakhand Chief Minister Trivendra Singh Rawat virtually inaugurated the service, which is to be operated by Pawan Hans Limited. These helicopter services will be available for three days a week on Monday, Wednesday and Friday.

Notes:
The Indian Council of Medical Research (ICMR) is set to roll out a new National Clinical Registry of COVID-19 patients admitted across the county.
To launch this comprehensive database, the ICMR has collaborated with the Health Ministry and All India Institute of Medical Sciences (AIIMS). This database will help to improve treatment in hospitals and will let officials conduct clinical trials and study the effectiveness of new therapies.

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:
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:
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:
Union MSME Minister Nitin Gadkari has approved the employment generation program proposed by Khadi and Village Industries Commission (KVIC) to promote Agarbatti production.
Named the ‘Khadi Agarbatti Atma Nirbhar Mission’, the scheme aims to create employment for the unemployed and migrant workers across the country. KVIC will provide Automatic Agarbatti making machines in subsidised prices.

Notes:
The Central Pollution Control Board (CPCB) has recently developed a mobile application named ‘COVID19BWM’.
Municipal corporations and state pollution boards are directed to upload data regarding collection and disposal of Covid-19 biomedical waste from residences and quarantine centres, in the app. This was also mandated by the Supreme Court.

Notes:
The Reserve Bank of India (RBI) has enhanced the amount of loan that banks can provide against the pledge of gold ornaments and jewellery.
As per the guidelines, banks can give 90 per cent of the pledged gold as loan for non-agricultural purposes. Earlier, the loan to value (LTV) limit was 75 per cent. This will only be applicable to banks and not to gold loan companies and will be valid till March 2021.

Notes:
RBI formed the Expert Committee on Debt Resolution in August 2020 with K V Kamath as chairperson. The committee set financial parameters for restructuring stressed loans, recommending sector-specific benchmarks under RBI’s Prudential Framework on Resolution of Stressed Assets for banks.

Notes:
The Union Education Ministry formerly the HRD Ministry organised ‘Conclave on Transformational Reforms in Higher Education under National Education Policy’ along with the University Grants Commission (UGC).
The Prime Minister Narendra Modi delivered the inaugural address at the Conclave through video conferencing. He also highlighted various aspects of the National Education Policy. Union Education Minister Ramesh Pokhriyal also participated in the event.