Current Affairs Quiz - August, 2020

Notes:
Congress Leader and national Spokesperson Rajiv Tyagi has recently passed away at the age of 53 after suffering a cardiac arrest.
He was also serving as the party’s General Secretary and spokesperson for its Uttar Pradesh unit. He was known for his fiery speeches in Television debates. He had been participating in a TV debate on Bengaluru violence and after that he had had a cardiac arrest.

Notes:
As per the Bloomberg Billionaires Index, Indian Industrialist Mukesh Ambani is the 4th richest person in the world. According to the index, his personal wealth is USD 80.6 billion in 2020.
Mukesh Ambani, the CMD of Reliance Industries Ltd has surpassed Bernard Arnault, the Chairman and CEO of LVMH Moet Hennessy Louis Vuitton. The top 3 richest positions are occupied by Jeff Bezos, Bill Gates and Mark Zuckerberg.

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:
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:
As per the recent announcement of the Indian Olympic Association (IOA), the INOX Group will be the official sponsor of the Indian team for the rescheduled Tokyo Olympics.
Due to the prevalent COVID-19 pandemic, the Tokyo Olympics was rescheduled to next year, from July 23 to August 8 in 2021. The Group will also support the team’s promotions through its entertainment company – INOX Leisure Limited that owns a multiplex chain across the country.

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:
Dwayne Johnson, also known as the Rock, has topped the Forbes List of Top 10 highly paid male actors of the world.
The recently released annual list stated that the actor was paid an estimate of USD 87.5 million in the year 2020. Indian Actor Akshay Kumar was positioned 6th in the list with earnings of USD 48.5 million.

Notes:
Google has collaborated with the Central Water Commission (CWC) for providing flood forecasting and public alerts.
Users in the affected region will receive alerts through their Android smartphones if they have enabled the location services. The timely and critical information is being used by several users amidst the heavy rains and floods across the country.

Notes:
Union Minister of Environment, Forests and Climate Change, Prakash Javadekar has directed that 80 per cent of the CAMPA (Compensatory Afforestation Fund Management and Planning Authority) funds have to mandatorily be used for plantation drives and afforestation.
The rest of the funds are to be used capacity building, as per the separate budget of the state. The recent Finance Commission has increased the devolution to 10% for the forest cover.

Notes:
The Government of United Kingdom (UK) has launched a £3 million Innovation challenge fund in India. The fund is aimed at supporting scientists in industry and academia to cope with acute global challenges like COVID-19 and other environment threats.
The fund aims to bring together best minds under “UK India Tech Partnership”. The fund has specifically invited innovators associated with “AI-Data cluster” in Karnataka and “Future Mobility cluster” in Maharashtra to submit research proposals.