Current Affairs Quiz - August, 2020

Notes:
As per the recent announcement of the Indian Olympic Association (IOA), the INOX Group will be the official sponsor of the Indian team for the rescheduled Tokyo Olympics.
Due to the prevalent COVID-19 pandemic, the Tokyo Olympics was rescheduled to next year, from July 23 to August 8 in 2021. The Group will also support the team’s promotions through its entertainment company – INOX Leisure Limited that owns a multiplex chain across the country.

Notes:
An application called the ‘Interactive Neural Machine Translation (INMT) tool’, has been developed by the Microsoft Research Lab.
Microsoft Lab has collaborated with CGNet Swara, an Indian voice-based online portal and IIIT Naya Raipur for developing this tool. It translates sentences from Hindi to South-Central Dravidian language Gondi and vice-versa. The application aims to motivate youth from the Gond tribal community to learn the language.

Notes:
Federal Bank, a Kerala-based private bank has partnered with Fiserv – a global payments and financial services technology solutions provider.
The partnership aims to digitise the card issuance and processing cycle completely. The bank will utilise the card management solution called “First Vision” of Fiserv. Fiserv would also support the Federal Bank for launch of its credit card.

Notes:
Indian cricket icon and former captain Mahendra Singh Dhoni has announced retirement from international cricket.
The 39-year-old star is the only captain in the world who led his team to win all three ICC trophies so far. Under his captaincy, India won the ICC World Twenty20 in 2007, Asia Cups in 2010 and 2016, the ICC Cricket World Cup in 2011 and the ICC Champions Trophy in 2013. Another Cricketer Suresh Raina also announced his retirement.

Notes:
The Reserve Bank of India (RBI) has released the framework for setting up of a new umbrella entity for retail payments.
It will operate as a ‘for-profit’ company that will have minimum paid-up capital of Rs 500 crore. It will set up and operate the payment systems such as ATMs, white-label PoS and Aadhaar-based payments. The company will also manage clearing and settlement systems of banks/ non-banks.

Notes:
The state Government of Uttar Pradesh has launched a new Electronics Manufacturing policy to make the state the new global electronics hub.
The policy aims to invite investment up to Rs.40,000 crore in five years and generate nearly 4 lakh direct employment. The new policy has a special focus on Purvanchal and Bundelkhand regions.

Notes:
All India Institute of Ayurveda (AIIA) has signed a Memorandum of Understanding (MoU) with the Delhi Police for providing door step Ayurvedic preventive health services to Delhi Police.
The service which is supported by AYUSH Ministry, would be provided by a mobile unit of AIIA named ‘Dhanwantari Rath’. It would also be available in the Police Wellness Centers. This is a part of “AYURAKSHA”, a joint venture of AIIA & Delhi Police for maintaining the health of Delhi police personnel during the COVID 19 pandemic.

Notes:
Veteran Indian author Sudha Murty’s latest collection of short stories, ‘Grandparents’ Bag of Stories’ is to be released in the month of November.
The Penguin Random House India announced the collection which is a sequel of her recent release ‘Grandma’s Bag of Stories’ and will have 20 stories. Sudha Murty has authored several books in English and Kannada especially for children.

Notes:
Union External Affairs Minister S Jai Shankar has represented India in the roundtable of ASEAN-India Network of Think Tanks (AINTT) held recently.
The 6th Roundtable of AINTT was held through a webinar and its theme was “ASEAN-India: Strengthening Partnership in the Post-COVID Era”. As per the Minister, the global loss due to Covid-19 is in the range of USD 5.8 to 8.8 trillion or 6.5 to 9.7 per cent of the global GDP.

Notes:
Every year, August 19 is observed as the World Humanitarian Day by the United Nations (UN), to commemorate humanitarian workers killed and injured in the course of their work.
This year, the UN has initiated a global conversation / campaign -to thank #RealLifeHeroes to celebrate the humanitarians who have committed their lives to help others. The day marks the 2003 bomb attack killing 22 people, including the Iraqi chief humanitarian, Sergio Vieira de Mello.