Current Affairs Quiz - August, 2020

Notes:
Veteran Bollywood lyricist and Urdu poet Dr. Rahat Indori has recently passed away at the age of 70 after being tested positive for Covid-19.
The poet has recently completed 50 years in the field of poetry. He has written several famous Bollywood songs for many hit movies. He has also penned several Urdu poems and mushairas and his latest poem has been titled ‘Bulati Hai Magar Jaane Ka Nahi.’

Notes:
The International Labour Organisation (ILO) undertook a survey titled ‘Youth and Covid-19: impacts on jobs, education, rights and mental well-being’.
As per the survey, almost half of the world’s youth population is undergoing anxiety or depression-causing situations. More than a third are not sure of their future career prospects due to the Covid-19 pandemic. The survey was conducted to study the effect of pandemic on the lives of youths aged 18 to 29 years.

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:
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:
The United States’ NASA launched Transiting Exoplanet Survey Satellite (TESS) has completed its primary mission.
During its 2-year long primary mission, the survey satellite has found 66 new exoplanets outside our solar system. TESS also found over 2000 objects which would be confirmed by astronomers soon. The extended mission of TESS is to be completed in 2022.

Notes:
E-commerce major Amazon announced that it will launch its online pharmacy in India. The first online platform will be set up in Bengaluru.
The new service named ‘Amazon Pharmacy’ will offer both prescription-based drugs and over-the-counter medicines. It will also sell health devices and traditional Indian medicines. Amazon is witnessing severe competition with Flipkart and JioMart.

Notes:
The Online Performance dashboard of Ministry of Tribal Affairs called the “Empowering Tribals, Transforming India” has been launched. The dashboard was launched by Amitabh Kant, CEO of NITI Aayog and Ramesh Chand, Member of NITI Aayog.
The Dashboard is an interactive online platform that shows the real-time details of 11 schemes / initiatives of the Ministry of Tribal Affairs. It also displays performance of 5 Scholarship Schemes of the Ministry.

Notes:
India’s leading private sector bank, HDFC Bank has recently announced the launch of “Shaurya KGC Card” for the armed forces.
This card has been designed based on the Kisan Credit Card guidelines by the Government. More than 45 lakh Indian armed force personnel would get a life cover ranging from Rs 2 lakh to Rs 10 lakh. It also requires simple documentation suited to the job nature of the armed force personnel.

Notes:
The Anti Drone System, developed by Defence Research Development Organisation (DRDO) has been deployed at Delhi in the Independence Day celebrations.
The system can capture drone movements and jam them up to a distance of 3 km. The system can also bring down a target up to 2.5 km using laser. It is seen as an efficient mechanism to counter drone based anti-national activities.

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.