Current Affairs Quiz - August, 2020

Notes:
National Payment Corporation of India (NPCI) has launched a new loyalty platform named ‘nth Rewards’.
It is an analytics-enabled multi-branded loyalty platform that allows users to earn points through various bank transactions. The points can be redeemed on various products like e-vouchers, hotel and flight bookings. Using the platform, banks and merchants can identify consumer behaviour.

Notes:
The Supreme Court of India ruled that the daughters cannot be deprived of their right of equality and they will have equal coparcenary rights in joint Hindu family property even if the father died before the Hindu Succession (Amendment) Act, 2005.
The daughters will have the right to inherit their ancestral property with retrospective effect with similar rights and liabilities as sons hold. Coparcener refers to a person who assumes a legal right in parental property by birth.

Notes:
Israel has recently provided its artificial intelligence (AI) based technologies and equipment to the All India Institute of Medical Sciences (AIIMS), New Delhi.
The technologies include contact-less monitoring applications, advanced medical management systems and AI-based solutions comprising AI assistant robots. The Prime Ministers of both the countries were affiliating with each other for identifying the areas of mutual cooperation.

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:
Under the Pradhan Mantri Street Vendors Atma Nirbhar Nidhi (SVANidhi) Scheme which was launched by Ministry of Housing & Urban Affairs, the number of loans sanctioned by Financial Institutions has crossed 1 lakh mark.
The scheme facilitates sanction of collateral free working capital loans up to Rs.10,000 of 1-year term to street vendors. The scheme has been launched as a part of the Atma Nirbhar Bharat Financial Assistance Package for COVID 19.

Notes:
The Bombay Stock Exchange has signed a MoU with two Maharashtra Based Bullion trade associations namely Akola Sarafa Association and Akola Sarafa Va Suvarnakar Yuva Sangh.
Through this MoU, the BSE aims to create awareness on price risk management for bullion traders, and move them towards organised trading. The MoU is aimed at enhancing the cooperation between Bombay Stock Exchange and physical markets in areas of knowledge sharing, education and training.

Notes:
The Government of the Union Territory of Delhi has entered into a Memorandum of Understanding MoU with Indian Institute of Technology – Bombay and Tata Projects Limited for construction of a smog tower at Connaught Place.
The proposed 20 meter-high smog tower would be fitted with several air purifiers to purify the air. As per the terms of the MoU, the construction of the smog tower would be completed in 10 months.

Notes:
The construction work of the Katra (Jammu and Kashmir) – Delhi Express Road Corridor is proposed to be completed in 3 years and will be operational by 2023. The express corridor would bring down the travel time from Katra to Delhi to around six and half hours.
One key feature of this road is that it will connect the holy cities of Katra and Amritsar, and other major religious shrines between the two destinations.

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:
Chinese smartphone giant Xiaomi announced that its arm MI India will distribute over 2,500 smartphones worth Rs 2 crore to Indian children, to support online education.
MI India will partner with Indian non-profit organisation ‘Teach for India’, to carry out the distribution process. The hand sets would be used in shifts to utilise the service effectively, to enable children access quality education.