Current Affairs Quiz - August, 2020

Notes:
Mukesh Ambani led Reliance Industries has gone 10 places ahead in the Fortune Global 500 list and entered into the world’s top 100 companies.
As per the recent 2020 ranking released by Fortune, Reliance has been ranked at 96th place globally. This is the highest rank ever of any Indian company on the Fortune Global 500 list. Indian Oil Corporation (IOC) slipped to 151st rank, Oil and Natural Gas Corporation (ONGC) is ranked 190th while State Bank of India (SBI) is at 221st rank.

Notes:
Kolkata Metro Rail Corporation and a private engineering firm Afcons jointly completed India’s deepest underground ventilation shaft.
The ventilation shaft is 43.5m deep and is part of the East West Metro Line of Kolkata. These special purpose shafts are used for ventilation of the tunnels and for evacuation during critical times or emergencies.

Notes:
A webinar titled “Weaves of Maharashtra and Textiles of Odisha” was organized by Press Information Bureau (PIB) – Mumbai and India Tourism – Mumbai. The key focus of the webinar was on the handlooms & fabrics of Maharashtra and Odisha.
August 7 is celebrated as National Handloom Day in India, to honour the handloom weavers of the nation. August 7 was chosen to mark the Swadeshi Movement which was launched on this day in 1905 to protest against partition of Bengal by the British Government.

Notes:
The Ammunition Factory Khadki, Pune, has designed and manufactured 40 mm UBGL (Under Barrel Grenade Launcher) Ammunition, by using components procured from Indian Industries.
The first consignment of such indigenously manufactured UBGL was sent to Border Security Force (BSF). Earlier, this ammunition used to be imported by the Indian Army and other Defence units under Ministry of Home Affairs (MHA).

Notes:
Paytm Money, a leading Indian e-commerce payment system and financial technology company has launched Stock Trading services on its platform.
It has launched the service in its beta version of Paytm Money App initially. The cash delivery trades are free on the application with minimal charge for intraday charges. It also permits a fully digital KYC and paperless accounting process.

Notes:
American businessperson and veteran media giant Sumner Redstone, has recently passed away at the age of 97 years.
During his long tenure in the field of media, he built a great media empire including CBS and Viacom serving as the Executive Chairmen of both companies. He was also the Chairman of the Board of National Amusements theatre chain. Redstone’s autobiography was titled “A Passion to Win”.

Notes:
The Indian Prime Minister Narendra Modi has launched a new platform ‘Transparent Taxation – Honoring the Honest’.
The platform aims to ease the compliance and fast- track the refunds so that all honest taxpayers are benefitted. Three main features of the platform include faceless assessment, faceless appeal and tax payers’ charter.

Notes:
Russia and Brazil have decided to cooperate in the production and marketing of Sputnik V, the world’s first registered coronavirus vaccine.
The Russian Direct Investment Fund (RIDF) announced that it has entered into the agreement with Brazilian State of Parana. RIDF is organising the production of the vaccine and its distribution in Brazil and other American countries.

Notes:
The United Nations Security Council has rejected a resolution made by the United States to extend a ban of Arms on Iran.
Only the Dominican Republic supported the proposal of the United States in the 15-member UN Security Council. Russia and China opposed the proposal while Germany, France, the UK and eight other member countries abstained from voting.

Notes:
The Government of United Kingdom (UK) has launched a £3 million Innovation challenge fund in India. The fund is aimed at supporting scientists in industry and academia to cope with acute global challenges like COVID-19 and other environment threats.
The fund aims to bring together best minds under “UK India Tech Partnership”. The fund has specifically invited innovators associated with “AI-Data cluster” in Karnataka and “Future Mobility cluster” in Maharashtra to submit research proposals.