Current Affairs Quiz - August, 2020

Notes:
China has recently claimed that the Diaoyu islands are Chinese territory and it has the right to conduct law enforcement activities in the area.
The Chinese foreign ministry spokesperson Wang Wenbin denied the criticism of the U.S. of incursions of China. The islands located in the East China sea has also been claimed by Japan for several year. Japan calls the territory as Senkaku and China calls as Diaoyu.

Notes:
NASA has successfully launched its Mars rover named ‘Perseverance’ from Cape Canaveral Florida on a United Launch Alliances Atlas V rocket.
The vehicle with the size of a large car is also accompanied by a helicopter called Ingenuity which will study Mars’s atmosphere. It will drill into Mars and collect geological specimens. The rover is expected to land at the base of a crater called Jezero on February 18, 2021.

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:
The Union Ministry of Home Affairs presents the ‘Subhash Chandra Bose Aapda Prabandhan Puraskar’ award.
The award recognises individuals as well as institutions for their contributions in the field of disaster management. The Government of India has recently invited the nominations for the award, which is presented on the birth anniversary of freedom fighter Netaji Subhash Chandra Bose, on January 23.

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 Sports Ministry has constituted a 12-member committee to select this year’s National Sports Awards winners.
The committee is to be headed by retired Supreme Court Justice, Mukundakam Sharma. It will select the award winners among both athletes and coaches. The members include Former India Cricketer Virender Sehwag, Hockey star Sardar Singh and Paralympic silver-medallist Deepa Malik.

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:
Veteran politician and Nobel Peace Prize laureate, John Hume passed away recently at the age of 83 due to age related illness.
He was a Catholic leader of the moderate Social Democratic and Labour Party. John Hume was known for initiating the agreement that ended violence in his native Northern Ireland. He was also called as the ‘Champion of Peace’.

Notes:
The Ministry of Defence (MoD) has unveiled the draft ‘Defence Production & Export Promotion Policy (DPEPP) 2020’ for public feedback.
As per the policy, the aim is to achieve Defence and Aerospace exports of USD 5 billion by the year 2025. It also seeks to increase the manufacturing turnover in Defence sector to $25 bn or ₹1,75,000 crore.

Notes:
The Reserve Bank of India (RBI) held its second bi-monthly monetary meeting of FY 2020-21 on August 6, 2020.
After the meeting, the RBI Governor Shaktikanta Das announced that the central bank has decided to keep the key policy rates unchanged with ‘accommodative stance’. Hence, the repo rate will remain at 4 per cent and the reverse repo at 3.35 per cent. There were two rate cuts in March and May.