Current Affairs Quiz - August, 2020

Notes:
The Union Ministry of Corporate Affairs has released the ‘Report of the Committee on Business Responsibility Reporting (BRR)’.
The report has proposed a new Reporting Framework for companies to reporting of Non-Financial Parameters. The framework is called ‘Business Responsibility and Sustainability Report (BRSR)’. The BRSR is to be integrated with the MCA 21 portal. Also, the information captured through the framework would be used to develop “Business Responsibility-Sustainability Index”.

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:
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.

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:
Federal Bank, a Kerala-based private bank has partnered with Fiserv – a global payments and financial services technology solutions provider.
The partnership aims to digitise the card issuance and processing cycle completely. The bank will utilise the card management solution called “First Vision” of Fiserv. Fiserv would also support the Federal Bank for launch of its credit card.

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:
The United Nations Security Council has rejected a resolution made by the United States to extend a ban of Arms on Iran.
Only the Dominican Republic supported the proposal of the United States in the 15-member UN Security Council. Russia and China opposed the proposal while Germany, France, the UK and eight other member countries abstained from voting.

Notes:
The International Solar Alliance, ISA is set to organise its first World Solar Technology Summit virtually on September 8, 2020. ISA is an alliance of 121 countries, initiated by India headquartered at Gurugram.
The inaugural address of the summit will be delivered by the Indian Prime Minister Narendra Modi and the ISA President and Minister of New and Renewable Energy R. K. Singh. The event will focus on using technology to effectively utilise the solar energy.

Notes:
Chetan Chauhan, a former Indian cricketer passed away due to COVID-19 related ailments. Chauhan had turned into a politician and was a minister in the Uttar Pradesh state cabinet.
Chentan Chauhan had played 40 Test matches for India and was 73 years old when he passed away. He had served at various positions in the Delhi and Districts Cricket Association (DDCA).

Notes:
Ashok Lavasa has recently steeped down from his Election Commissioner position as he is to join the Asian Development Bank.
ADB has appointed Ashok Lavasa as Vice-President for Private Sector Operations and Public-Private Partnerships. His resignation has been accepted by the Indian President Ram Nath Kovind. He was next in the row to become the Chief Election Commissioner.