Current Affairs Quiz - August, 2020

Notes:
The Reserve Bank of India (RBI) has released the framework for setting up of a new umbrella entity for retail payments.
It will operate as a ‘for-profit’ company that will have minimum paid-up capital of Rs 500 crore. It will set up and operate the payment systems such as ATMs, white-label PoS and Aadhaar-based payments. The company will also manage clearing and settlement systems of banks/ non-banks.

Notes:
People’s Bank of China (PBOC) has acquired a small equity stake in the leading Indian private sector bank, ICICI Bank.
It is one among the 357 institutional investors which had subscribed to the issue of the Qualified institutional investors (QIP) placement, of Rs 15,000 crore. PBOC has invested Rs 15 crore in the issue. It had earlier bought a stake in leading institution, HDFC.

Notes:
The state Government of Uttar Pradesh has launched a new Electronics Manufacturing policy to make the state the new global electronics hub.
The policy aims to invite investment up to Rs.40,000 crore in five years and generate nearly 4 lakh direct employment. The new policy has a special focus on Purvanchal and Bundelkhand regions.

Notes:
Veteran Indian author Sudha Murty’s latest collection of short stories, ‘Grandparents’ Bag of Stories’ is to be released in the month of November.
The Penguin Random House India announced the collection which is a sequel of her recent release ‘Grandma’s Bag of Stories’ and will have 20 stories. Sudha Murty has authored several books in English and Kannada especially for children.

Notes:
The Chief Minister of Rajasthan, Ashok Gehlot has launched a subsidised meal scheme named ‘Indira Rasoi Yojana’.
It aims to provide subsidised meals to the poor and needy in the state at Rs 8 per plate with dignity. Earlier, the state was implementing a similar scheme named Annapurna Rasoi Yojana from 2016. The scheme was launched on the birth anniversary of former Prime Minister Rajiv Gandhi, the ‘Sadbhavana Diwas’.

Notes:
The name of the “Religare Health Insurance Company Ltd” which is a subsidiary of Religare Enterprises has been changed to “Care Health Insurance Ltd”.
The change of name is effective from 19th August 2020. Religare Health Insurance was establishedby Religare enterprise limited, Union Bank of India and Corporation Bank in the year 2012. The company is headquartered in Gurgaon, Haryana.

Notes:
Indira Rasoi scheme has been launched by the Chief Minister of Rajasthan. Under the scheme, poor and needy people will be provided with quality food at Rs 8 per plate in urban areas.
The subsidy is estimated to have an expenditure of Rs 100 crore every year to the state. The scheme will be rolled out in 213 urban local bodies of the state and food will be served to 1.34 lakh people per day.

Notes:
India’s leading private non-life insurer, ICICI Lombard General Insurance is set to acquire Bharti AXA General Insurance.
The merger of Bharti AXA with ICICI Lombard is to be made by means of a share swap deal. Once completed, the combined entity would become the third largest general insurance entity of the country, as of today.

Notes:
The Union Ministry of External Affairs in collaboration with the Thailand’s Foreign Ministry has organized the 6th Round Table of ASEAN-India Network of Think Tanks (AINTT). The round table conference was conducted virtually.
The theme of the conference was ‘ASEAN-India: Strengthening Partnership in the Post COVID Era’. More than 400 eminent members from various educational institutions, industry, government and diplomats attended the Round Table.

Notes:
The Union External Affairs Ministry has recently organised the first India-Uzbekistan National Coordination Committee.
The virtual meeting was held to monitor the implementation of mutually agreed projects between India and Uzbekistan. They also reviewed implementation of identified projects under India’s LoC, cooperation between the Gujarat state and Andijan region among others.