Current Affairs Quiz - August, 2020

Notes:
With an aim to improve the efficiency and transparency in asset classification process, the Reserve Bank of India issued a direction to implement “system-based asset classification” in Urban Co-operative Banks (UCBs).
Those UCBs having total assets of Rs.2000 crore or above as on 31st March 2020, should implement system-based asset classification from 30th June 2021. Those UCBs having total assets equal to or more than Rs.1000 crore but less than Rs.2000 crore shall implement it from 30th September 2021.

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:
Indian President Ram Nath Kovind has approved 84 gallantry awards for Defence personnel. Abdul Rashid Kalas, Head Constable of Jammu and Kashmir Police has been posthumously awarded the Kirti Chakra.
The third highest gallantry award in peacetime, Shaurya Chakra has been awarded to nine Army personnel including Lt.Col. Krishan Singh Rawat, Major Anil Urs and Havildar Alok Kumar Dubey and IAF Wing Commander Vishak Nair. The President approved Sena Medal to 60 Army personnel, four Nao Sena Medal and five Vayu Sena Medal.

Notes:
The famous computer scientist Russel Kirsch who is celebrated for invention of Pixel died at the age of 91.
Russel Kirsch created a small 2 by 2 inch black and white image of his son in digital form in 1957. This was also the world’s first photograph that was scanned into a computer using a device created by his research team. That was the basis for satellite imaging, medical scans, virtual reality and other imaging technology being used recently.

Notes:
A Quality control laboratory for seafood processors and exporters has been opened by Marine Products Export Development Authority (MPEDA) at Porbandar, Gujarat.
The lab helps the exporters in testing of seafood to ensure safety as per international regulatory standards. The lab is equipped with advanced instruments to test and analyse antibiotic residues and heavy-metals like arsenic, mercury in seafood.

Notes:
A 180-feet Bailey bridge in Jauljibi sector of Pithoragarh district, Uttarakhand has been constructed by the Border Roads Organisation (BRO), amidst frequent landslides and heavy rains.
The 50-metre span concrete bridge was damaged in the month of July as the area was hit by a cloud burst. The bridge construction by BRO will help around 15,000 people in 20 villages of the district.

Notes:
Indian railways has announced that it has procured ‘Ninja Unmanned Aerial Vehicles’ (UAV) for surveillance operations.
The Railway Protection Force is deploying the Ninja UAVs to improve monitoring and provide safety to railway assets and passengers. RPF has recently procured nine drones worth over Rs 30 lakh. It is to procure more drones shortly, which are capable of for real-time tracking and video streaming.

Notes:
USD 1 billion (equivalent to Rs 7,485 crore) financial support by way of loan has been approved by the Manila based-Asian Development Bank (ADB) for Delhi-Meerut regional rapid transit system.
The project is first of the three priority rail corridors in country. The financial assistance from ADB will be used for construction of railway tracks, station buildings, maintenance facilities and power supply.

Notes:
“Swadeshi Microprocessor Challenge” has been launched by the Government of India to promote indigenous microprocessor manufacturing and designing.
100 shortlisted companies will be given grant to build their prototype. 25 finalists will win Rs.1 crore each. The top ten teams will get a fund of total Rs.2.30 crore with 12-month incubation support, from the Ministry of Information Technology.

Notes:
Iran has displayed a surface-to-surface ballistic missile, that has a range of 1,400 kilometres, named martyr Qassem Soleimani.
The country also displayed a new cruise missile called martyr Abu Mahdi, with a range of over 1,000 km, amidst the demand from the United States to stop its missile programme. The head of Iran’s Quds Force, Soleimani and Iraqi commander Abu Mahdi al-Muhandis were killed in a U.S. strike.