Current Affairs Quiz - August, 2020

Notes:
India’s leading credit rating agency ICRA Ltd has appointed N Sivaraman as the Managing Director and Group Chief Executive Officer.
The appointment has been made for three years with effect from August 10. His tenure may also be extended for two more years. He had held senior positions in L&T Finance Holdings and he has served as the Chief Operating Officer at IL&FS till July 31, 2020.

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:
China is celebrating the completion of its BeiDou Navigation Satellite System (BDS), which is seen as a competitor to the U.S. Global Positioning System.
After the 55th and final satellite that was launched last month started operating, the Chinese President Xi Jinping formally commissioned the system. The satellite is a part of the third sequence of the BeiDou system.

Notes:
The Indo-Tibetan Border Police (ITBP) signed a deal with the Khadi and Village Industries Commission (KVIC) to procure products for its personnel.
ITBP became the first Central Armed Police Force to sign such an agreement with KVIC to procure a rande of khadi goods for around 10 lakh personnel. Earlier, the Home Ministry announced that CAPF canteens will only sell local-made products.

Notes:
The Asian Development Bank (ADB) has signed a USD 200 million deal with the Reliance Bangladesh LNG and Power Limited (RBLPL).
Under the deal, Reliance power would build and operate a 718-megawatt combined-cycle power plant in Bangladesh. USD 100 million would be provided by the ADB while the other 100 million would be sourced from the Leading Asia’s Private Infrastructure Fund (LEAP) of Japan International Cooperation Agency.

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:
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:
Nokia is set to establish a robotics lab at the Indian Institute of Science (IISc), Bengaluru to study about 5G technology.
Nokia Center of Excellence (CoE) for networked robotics lab will be deployed to research on socially-relevant use cases based on 5G and emerging technologies. This will promote cooperation between colleges and industries.

Notes:
India’s leading telecom operator Bharti Airtel Ltd and the cloud services subsidiary of Amazon, Amazon Web Services (AWS), entered into a strategic partnership to provide a range of cloud solutions to large, small and medium businesses.
The partnership aims to develop products that provides security to remote working. Under the partnership, Airtel Cloud will build an Amazon Web Services (AWS) Cloud Practise and develop Airtel Cloud products.

Notes:
The United Nations Educational, Scientific and Cultural Organisation (UNESCO) has estimated that around 24 million children may drop out of their schools next year.
UNESCO released a policy brief on the Covid-19 pandemic’s impact on education. It also estimated that the educational financing gap is also likely to increase by one third. Girls and young women are likely more vulnerable to child marriage, early pregnancy and gender-based violence.