Current Affairs Quiz - August, 2020

Notes:
The National Expert Group on Vaccine Administration for COVID-19 chaired by Dr V K Paul, Member NITI Aayog, met for the first time on 12th August. The meeting was co-chaired by Secretary, Ministry of Health and Family Welfare.
The expert group has been constituted under the Union Ministry of Health and Family Welfare. It discussed on the parameters required in selecting the COVID-19 vaccine candidates for India and procurement mechanisms for COVID-19 vaccine.

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:
The Indian Prime Minister Narendra Modi has launched a new platform ‘Transparent Taxation – Honoring the Honest’.
The platform aims to ease the compliance and fast- track the refunds so that all honest taxpayers are benefitted. Three main features of the platform include faceless assessment, faceless appeal and tax payers’ charter.

Notes:
The state of Assam has proposed to launch a Direct Benefit Transfer (DBT) scheme named “Arunodoi”.
This scheme will be launched in lines with the flagship DBT scheme Jan Dhan Yojana. This is claimed as the largest DBT scheme of Assam till date. The scheme also called as Orunodoi, seeks to transfer Rs 830 per month to around 19.7 lakh families. The main beneficiaries of the scheme will be women.

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 Union Steel Ministry, in association with Confederation of Indian Industry (CII), has proposed to organise a webinar titled ‘Atmanirbhar Bharat: Fostering Steel Usage in Housing & Building Construction and Aviation Sectors’.
The webinar would be conducted with the Union Ministry of Housing and Urban Affairs, and Ministry of Civil Aviation. It would focus on promoting designs and construction in Building, Housing, and Airport Projects.

Notes:
A five-month time extension has been given by the Ministry of New and Renewable Energy (MNRE) from 25th March 2020 to 24th August 2020 to all the Renewable Energy Projects under implementation.
The implementing agencies have been directed to treat COVID 19 as a “Force Majeure”. This move is followed by the representation from various implementing agencies demanding extension of time due to COVID 19-imposed national lockdown.

Notes:
At the 74th Independence Day celebration on 15th August 2020, the Films Division would screen two documentary films – ‘India wins Freedom’ and ‘India Independent’.
Apart from the above 2 films, 14 selected films on Independence movement were showcased in the “Online Patriotic Film Festival” being organised by the Ministry of Information and Broadcasting from 7th Aug 2020 to 21st Aug 2020 in www.cinemasofindia.com.

Notes:
The Reserve Bank of India (RBI) has approved an annual dividend pay-out of more than Rs 57,000 crore to the Indian Government.
In this year’s budget, the Government had estimated a dividend of Rs 60,000 crore from the central bank and other government owned financial institutions. The Government’s fiscal deficit stood at a record high Rs 6.62 lakh crore in the April-June period.

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.