Current Affairs Quiz - August, 2020

Notes:
The Insolvency and Bankruptcy Board of India (IBBI) is the apex institution to implement the Insolvency and Bankruptcy Code (IBC), which provides a time-bound realisation of stressed assets. It is headquartered at New Delhi.
IBBI has recently amended regulations related to liquidation process and provided clarifications on fee payable to liquidators. At present, the Committee of Creditors (CoC) fixes the fee payable to the liquidator. The liquidator is entitled to the fee corresponding to the amount realised or distributed by him.

Notes:
Indian Railways is observing ‘Cleanliness Week’ from August 10, to commemorate the Independence Day.
During the week, a special Cleanliness campaign will be launched and Cleaning of tracks, offices and other areas near Railway premises will be focussed. Collection of wastes with separate pool of plastic waste will also be done. Awareness drives will also be organised to keep the places clean.

Notes:
The Union Health ministry launched a tele-medicine service platform named ‘eSanjeevani’ under the Ayushman Bharat (AB-HWCs) programme.
During the nine months from its inception, the initiative has provided more than 1.5 lakh online consultations. It has provided patient to doctor consultations from the patient’s home and doctor to doctor consultations. More than 5000 tele consultations are being held every day.

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:
One of India’s leading Food delivery platforms Swiggy has launched a doorstep delivery service called INSTAMART in Gurugram. It is aimed to deliver essentials and groceries within 45 minutes.
The Instamart facility is available within the Swiggy app. Swiggy has proposed to make this service available to customers from 7 am to 12 midnight. A wide range of deliverables would be available to the customers. The company has proposed to make this facility available at Bengaluru shortly.

Notes:
The Ministry of Environment, Forest and Climate Change (MoEFCC) of Government of India has launched a new national portal called SURAKHSYA. It has been launched for real time data collection on Human Animal conflict.
The portal is launched as a part of the World Elephant Day, which is observed every year on 12th August. The portal would be used by policy makers for preparation of Action Plans and Strategies to mitigate conflicts.

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:
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 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:
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.