Current Affairs Quiz - August, 2020

Notes:
India has recently announced a financial assistance of USD 500 million assistance for its largest civilian infrastructure project.
Out of the fund, USD 400 million line of credit and USD 100 million grant will be provided for the project that aims to connect the capital city Male with three neighbouring islands Villingili, Gulhifahu and Thilafushi. The 6.7 km Greater Male Connectivity Project (GMCP) will also improve economic activity and employment opportunities.

Notes:
The International Film Festival of India (IFFI) is an annual film festival held in Goa, every year in the month of November.
The Chief Minister of Goa Pramod Sawant has confirmed that the Film Festival will be held as per schedule in Goa between November 20 and 28, this year. This festival is organised by the Directorate of Film Festivals in association with the state government- owned Entertainment Society of Goa.

Notes:
The Center for Biopharma Analysis (CBA), which is set up at Pune has been virtually inaugurated by the Secretary of Department of Bio Technology. It is an initiative of the Venture Centre, which is a Technology Business Incubator hosted by CSIR- National Chemical Laboratory, Pune.
The CBA is supported and funded by National Bio Pharma Mission implemented by the Department of Bio Technology. The CBA is a facility with high end instrumentation which complies with globally accepted standards of Bio pharmaceutical analysis.

Notes:
National Geographic has announced to premiere a Documentary Film named “The Next Frontier: India’s Smart Cities”. It is a 44-minute documentary on four cities of India namely Surat, Visakhapatnam, Pune and Varanasi.
The film reveals how the smart cities Mission is forming a strong ground for next cities of tomorrow. It would showcase the journey of 4 lighthouse smart cities along with the national initiatives that has transformed the lives of people residing in these cities.

Notes:
Defence Minister Rajnath Singh has approved a proposal of the National Cadet Corps (NCC) to expand to cover border and coastal districts.
The proposal regarding the scheme was announced by the Prime Minister Narendra Modi in his Independence Day address. As many as one lakh cadets from 173 border and coastal districts will be inducted to the NCC with one-third Cadets being girls. Over 80 NCC units will also be upgraded as a part of this expansion.

Notes:
The Deputy Chief Minister of Karnataka has stated that an industrial corridor between Mysuru and Bidar would be built by the state to promote the development of industry and commerce.
The proposed industrial corridor would be in line with Bengaluru-Chennai and Bengaluru- Mumbai corridors. This project forms a significant part of the state’s target to make it a USD 500 billion market in next 5 years.

Notes:
The High Court of Madras has rejected reopening of “Sterlite Copper” smelting plant in Tuticorin, Tamil Nadu. Sterlite Copper, a unit of Vedanta Ltd had been catering to nearly 40 % of India’s copper demand from its smelting plant at Tuticorin.
The High Court’s order dismissed all 10 petitions filed by Vedanta to reopen the plant. The Court upheld the orders issued to close the plant by the Tamil Nadu Government and Tamil Nadu Pollution Control Board.

Notes:
The Reserve Bank of India (RBI) has recently released a National strategy for Financial Education’, which is to be implemented in the next five years.
The strategy aims to inculcate financial literacy among all the people of our country. It will also encourage the common people to participate in the financial markets for achieving their financial goals. It will encourage people to use formal banking and safe digital financial services.

Notes:
A proposal for leasing out Jaipur, Guwahati and Thiruvananthapuram airports through public-private partnership (PPP) has been cleared by the Union Cabinet.
The rights to run these airports in addition to Lucknow, Ahmedabad and Mangaluru airports have been awarded to Adani Enterprises by way of competitive bidding. Presently, these six airports are owned by the Airports Authority of India (AAI).

Notes:
The Cabinet Committee on Economic Affairs (CCEA) has approved an increase in Fair and Remunerative Prices (FRP) of sugarcane by Rs.10 per quintal from the existing Rs 275 to Rs.285 per quintal.
The new FRP would come into force from October 2020. This is in line with the recommendations of the Commission of Agricultural Costs and Prices (CACP).