Current Affairs Quiz - August, 2020

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:
Vijay Rupani, the Chief Minsiter of Gujarat has given approval for construction of sky scrapers and high-rise buildings of 70 floors or more in five major cities of the state namely Ahmedabad, Vadodara, Surat, Rajkot and Gandhinagar.
The present rule governing the construction of buildings permits construction only up to 23 floors. A special technical committee would be set up to give approval to such projects.

Notes:
Lok Sabha Speaker Om Birla has attended the inaugural ceremony of the 5th World Conference of Speakers of Parliament (5WCSP).
It is a two-day virtual Conference organized jointly by Inter-Parliamentary Union (IPU), Geneva and Parliament of Austria. The programme is supported by United Nations (UN). The theme of the Conference is “Parliamentary leadership for more effective multilateralism that delivers peace and sustainable development for the people and planet.”

Notes:
Union Tribal Affairs Minister Arjun Munda has virtually launched the tertiary processing centres of ‘Trifood Project’.
It is an initiative of TRIFED, Ministry of Tribal Affairs, in association with Ministry of Food Processing (MoFPI). The Minister launched the project in Raigad of Maharashtra and Jagdalpur of Chhattisgarh. It aims to enhance the income of tribal population by making value addition in the Minor Forest Produces.

Notes:
Leading multi-national company IBM India, has collaborated with National Skill Development Corporation (NSDC) to offer a free digital education platform.
The training focuses on recent technologies like cybersecurity, blockchain, artificial intelligence and machine learning and professional development skills. The online courses developed by IBM will be offered through NSDC’s eSkill India portal to the learners between 18 to 22 years.

Notes:
Banks Board Bureau has recommended Ashwini Bhatia for the position of Managing Director (MD) of the State Bank of India (SBI).
The Personnel Ministry has appointed Ashwani Bhatia for the said position, up to the date of his superannuation (May 31, 2022). He is currently serving as the MD and CEO at SBI Mutual Fund, and will replace P K Gupta who retired on March 31.

Notes:
Yes Bank has executed an agreement with GPL Finance and Investments Limited for the complete sale of equity shareholding of YES Asset Management Limited “YESAMC” and YES Trustee Limited “YTL”.
Both these firms are wholly owned subsidiaries of YES Bank Limited. It is expected that the sale would be completed in the next 8 to 12 months. After completion of the sale, the two firms Yes Bank will completely exit from its mutual fund business.

Notes:
With more than 15 crore users and more than 6.6 million Bluetooth traced contacts, the official contact tracing application of India, Aarogya Setu is the most downloaded contact tracing app in the world, as on date.
The application team has recently introduced ‘Open API Service’, which is used to obtain answers for real-time queries about the health status of their employees or any other Aarogya Setu User who has consented to share their health status.

Notes:
The UEFA Champions League 2020 has been won by the Germany-based football club, the Bayern Munich.
The team won 1-0 against the Paris Saint Germain (PSG) at the final match held at Estadio da Luz, Lisbon. Kingsley Coman scored the only goal of the match during the 59th minute. Bayern Muncih has won the league after 7 years.

Notes:
In order to enhance the ease of doing business, the Aadhaar authentication has been activated by the Government for registration to GST. The Aadhaar based GST registration of an entity would be completed in 3 working days and there is no requirement for physical verification.
Those not opting for Aadhaar based registration will be subjected to physical verification of place of business activity and other related documentary verification. The time required for non-Aadhaar registration would be up to 21 days.