Current Affairs Quiz - August, 2020

Notes:
The UK India Business Council signed a Memorandum of Understanding (MoU) with Industrial Extension Bureau (iNDEXTb), Industries and Mines Department of the state government of Gujarat.
This partnership between the UKIBC and Gujarat will help to boost business and industrial development in the state. UKIBC will also help to increase investment opportunities and provide market access to the businesses.

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 Directorate of Cashew Research (DCR) located in the state of Karnataka has developed the ‘Cashew India’ application for farmers of cashew in India.
The app gives information on cashew grafts, cultivation, post-harvest processing, and market information to stakeholders such as farmers, researchers and processors. The app is available in 11 languages and funded by the Mission for Integrated Development of Horticulture.

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:
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:
The Union Government has expanded the Emergency Credit Line Guarantee Scheme (ECLGS) by doubling the upper ceiling of loans to Rs 50 crore.
The scheme also includes individual loans given for business purposes to professionals like doctors, lawyers and chartered accountants under its scope. The maximum amount of guaranteed emergency credit line funding under the ECLGS scheme is also increased from Rs 5 crore to Rs 10 crore.

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.

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.

Notes:
Former Maharashtra Chief minister Shivajirao Patil Nilangekar passed away at the age of 89, due to prolonged illness.
He had earlier been tested positive for coronavirus disease. Nilangekar was a Congress leader, who was the Chief Minister of Maharashtra from June 1985 and March 1986. However, he resigned from the post after an allegation and order of the Bombay High Court.

Notes:
Mohamed Irfaan Ali has been sworn in as the new President of the South American country Guyana, five months after the General Elections.
The 40-year-old former housing minister and lawmaker will succeed the previous President David Granger. After several allegations in the elections, the opposition candidate has been selected by the Election Commission.