Current Affairs Quiz - August, 2020

Notes:
The Indian Government has imposed safeguard duty on solar cells for one more year till July 2021 to protect domestic manufacturers.
This move will also discourage cheap imports from countries like China. Directorate General of Trade Remedies (DGTR), the investigative arm of the Commerce Ministry had recommended to the Department of Revenue for this imposition of duty.

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:
Muslim Women’s Rights Day is being observed on July 31, to commemorate the first anniversary of the passage of law against instant Triple Talaq.
On the same day in 2019, the Union Government passed the Muslim Women (Protection of Rights on Marriage) Act that prohibits the practice of instant divorce. As per the law, any violation of the law is punishable by jail term of up to three years. The Supreme Court of India declared this practice as unconstitutional.

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:
NITI Aayog’s Atal Innovation Mission (AIM) has recently launched an Incubator Capabilities enhancement program named ‘AIM iCREST’.
AIM has collaborated with Bill & Melinda Gates Foundation and Wadhwani Foundation for support and expertise in entrepreneurship and innovation. The program aims to support start-ups in knowledge transfer and reaching global markets.

Notes:
The All India Institute of Ayurveda (AIIA) is an apex Ayurveda medicine and research institution located in New Delhi.
It was seen in news as the institute has started providing free testing and treatment to patients in its COVID 19 Health Centre (CHC). AYUSH Minister Shri Naik inaugurated the ventilator-equipped Intensive Care Unit of the centre as well as a COVID Call Centre at AIIA.

Notes:
The Government of India has announced a Logo design contest for the flagship initiative ‘AatmaNirbhar Bharat Abhiyan’.
The ‘AatmaNirbhar Bharat Logo Design Contest’ is to be conducted through MyGov platform. As per the notification, the last date of submission of entries is 5th August 2020. The winning logo with the most distinct and creative design will win a cash award of Rs 25000.

Notes:
The Union Government has provisionally granted permission for the Indian Premier League’s (IPL) 2020 edition to be scheduled in the United Arab Emirates (UAE).
Due to the Covid-19 outbreak, the IPL governing council had earlier postponed the tournament. It is to be held from September 19 to November 10 across Dubai, Abu Dhabi and Sharjah, after the final clearances from the Indian government.

Notes:
PTC India Limited, previously called as Power Trading Corporation of India has been approved to set up the third Power exchange of India.
At present, India has two power exchanges namely Indian Energy Exchange (IEX) and Power Exchange India (PXIL), to enable over-the-counter sale and purchase of power. The Central Electricity Regulatory Commission has approved the proposal of PTC India made along with BSE Investments and ICICI Bank.