Current Affairs Quiz - August, 2020

Notes:
The United Arab Emirates (UAE) and Israel have agreed to establish full diplomatic ties. With this, the UAE has become the first Gulf Arab country to establish diplomatic relations with Israel.
UAE also became the third Arab country to enter into diplomatic ties with Israel. This agreement is a part of the deal to stop the annexation of occupied land sought by the Palestinians for their future state. US President Donald Trump announced about the strategic ties.

Notes:
The Reserve Bank of India (RBI) has approved an annual dividend pay-out of more than Rs 57,000 crore to the Indian Government.
In this year’s budget, the Government had estimated a dividend of Rs 60,000 crore from the central bank and other government owned financial institutions. The Government’s fiscal deficit stood at a record high Rs 6.62 lakh crore in the April-June period.

Notes:
The Indian Space Research Organisation (ISRO) has stated that the Terrain Mapping Camera-2 (TMC-2) on board the Chandrayaan-2 orbiter has recently captured the images of the “Sarabhai Crater” on the lunar surface.
The crater is located at north eastern quadrant of Moon on the “Mare Serenitatis”, which is a vast flat region due to larva deposition. The crater has an average depth of 1.7 km and its walls seem to have an average slope between 25 to 30 degrees.

Notes:
The World’s tallest Pier bridge is being constructed by Indian Railways in Manipur across the river “Ijai”. The height of its tallest pier is 141m. The bridge is a part of Jiribam-Tupul-Imphal railway line project. The existing record for the tallest pier bridge is 139m at Montenegro in Europe.
The bridge is being constructed at an estimated cost of Rs.280 crore and the construction work is expected to be completed by March 2020. The total length of the bridge is estimated to be 703 meters.

Notes:
The Deputy Chief Minister of Karnataka has stated that an industrial corridor between Mysuru and Bidar would be built by the state to promote the development of industry and commerce.
The proposed industrial corridor would be in line with Bengaluru-Chennai and Bengaluru- Mumbai corridors. This project forms a significant part of the state’s target to make it a USD 500 billion market in next 5 years.

Notes:
The National Commission on Population under Ministry of Health and Family Welfare has recently released a report titled ‘Population projections for India and States 2011 – 2036’.
As per the report, the sex ratio of the country is estimated to increase from 943 in 2011 to 957 during 2036. The Infant Mortality rate (IMR) is to go down to 30 by the end of 2031-35. The total population of India is estimated to increase from 121.1 crores to 151.8 crores.

Notes:
The National Payments Corporation of India (NPCI) has launched its wholly-owned subsidiary, NPCI International Payments Limited (NIPL).
The company aims to popularise NPCI’s domestic payments technologies such as UPI and RuPay in other countries and co-create payment technologies with them. NPCI has appointed Ritesh Shukla as the Chief Executive Officer of NIPL.

Notes:
The United Nations General Assembly proclaimed 21 August as the International Day of Remembrance of and Tribute to the Victims of Terrorism.
The day is observed to honour and support the victims and survivors of terrorism. It also strives to promote and protect their human and fundamental rights. This year, the UN held a virtual commemoration of the 3rd International Day of Remembrance of and Tribute to the Victims of Terrorism.

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.