Current Affairs Quiz - August, 2020

Notes:
Sembcorp Energy India Limited (SEIL), a wholly-owned subsidiary of Singapore-based Sembcorp Industries, announced the completion of its latest 800MW wind power projects.
It has become the first independent power producer to commission the projects awarded in the wind auctions conducted by the Solar Energy Corporation of India (SECI). Union Power Minister R K Singh has dedicated Sembcorp’s SECI 1, 2 and 3 wind projects to the nation.

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:
India has recently imposed restrictions on the import of Colour Television sets, in an effort to promote its domestic production.
The import of the TV sets was freed from previous restrictions two decades ago and since then there has been no amendments in the import policy. Now the Directorate General of Foreign Trade (DGFT) notified to change the policy from free to ‘restricted’. However, there is no restriction on importing monochrome TVs.

Notes:
The 15th Finance Commission had set up an eight-member High-Level Group on Agricultural Exports headed by the Chairman of ITC, Sanjiv Puri.
It was set up to recommend performance incentives for States to encourage agricultural exports. The group has recently submitted the report that recommended a State-led Export Plan for a crop Value chain cluster (VCC). It also suggested to focus on 22 crop value chains.

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:
‘Samarth’ is an initiative of E-Commerce major Flipkart, to help artisans of India that was launched last year.
Under the programme, Walmart-owned Flipkart had partnered with five non-governmental organisations (NGOs) to help local artisans in using the online marketplace to sell their products. Flipkart recently announced that under ‘Samarth’, it has supported 6 lakh artisans to reach around 200 million customers.

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:
Northern Railway operated the first-ever Vyapar Mala Express train from Delhi to Jirania in Tripura. It has 46 wagons and 34 of them were loaded with wheat and the remaining with rice and pulses.
Railways is said to have earned more than 94 lakh rupees from this Vyapar Mala Express train. This is an express service which aims to reach its destination in a shorter time, as the train will be monitored on a real-time basis.