Current Affairs Quiz - August, 2020

Notes:
The Vice President of India M Venkaiah Naidu has announced the Atal Ranking of Institutions on Innovation Achievements (ARIIA) 2020. It is an initiative of Education Ministry.
The Indian Institute of Technology Madras bagged the first place under the ‘Best centrally funded institution’ category, while IIT Mumbai and IIT Delhi bagged the second and third place respectively. The ranking assesses the colleges on various criteria including support for entrepreneurship, innovative learning intellectual property generation and technology transfer etc.

Notes:
The title sponsorship of the Indian Premier League (IPL) 2020 is awarded to Dream11, an Indian fantasy sports platform. The sponsorship rights have been awarded for Rs.222 crore.
Byju’s came second in the bid at Rs 201 crore and Unacademy stood third in the bid at Rs 171 crore. The 2020 IPL is the 13th edition of the cricket event and is scheduled to be held at the United Arab Emirates.

Notes:
A joint report by the International Labour Organization (ILO) and the Asian Development Bank (ADB) stated that, 41 lakh youth in the country lost jobs due to the COVID-19 pandemic.
The ‘Tackling the Covid-19 youth employment crisis in Asia and the Pacific’ report stated that construction and farm sector workers account for the majority of job losses. Youth (15-24 years) will be hit harder than adults (25 and older) in the immediate crisis.

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:
Madhya Pradesh has sanctioned 58,476 loans to street vendors under Pradhan Mantri Street Vendors Atma-Nirbhar Scheme (PM SVA Nidhi). This makes Madhya Pradesh the top performing state under the scheme.
More than 47% of the total sanctions in the country is made by Madhya Pradesh. Under the scheme, working capital loan of Rs.10000/- for a term of one year is given to street vendors, to resume their livelihoods.

Notes:
Indian e-commerce company Flipkart has signed a strategic partnership with Nepal’s leading e-commerce company Sastodeal.
This partnership will provide lakhs of sellers registered with Flipkart, an access to the e-commerce market of Nepal. Sastodeal will host more than 5,000 products from Flipkart sellers including the Flipkart Private Brands, MarQ and SmartBuy in various categories.

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:
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:
Asian Infrastructure Investment Bank (AIIB) is to finance the USD 500 million Mumbai Urban Transport Project-III.
The Government of India, state Government of Maharashtra and Mumbai Railway Vikas Corporation signed a loan agreement with AIIB for this project. It will improve the network capacity and safety of the suburban railway system in Mumbai.

Notes:
Aryabhatta Research Institute of Observational Sciences (ARIES), Nainital is to organise an online international conference on ‘Aerosol Air Quality, Climate Change and Impact on Water Resources and Livelihoods in the Greater Himalayas’.
ARIES, an autonomous research institute under the Department of Science and Technology (DST) is organising the conference along with Hemvati Nandan Bahuguna Garhwal University between 14th -16th September 2020.