Current Affairs Quiz - August, 2020

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:
The Government launched ‘Emergency Credit Line Guarantee Scheme’(ECLGS), as a part of the Rs 20 lakh crore economic stimulus package.
The allocation made for the ECLGS scheme was Rs 3 lakh crore for five months till October 31st. As per the recent news, public and private sector banks have sanctioned loans worth over Rs 1.5 lakh crore, as of August 18, 2020 and more than Rs 1 lakh crore was already disbursed.

Notes:
The Reserve Bank of India (RBI) has recently released a National strategy for Financial Education’, which is to be implemented in the next five years.
The strategy aims to inculcate financial literacy among all the people of our country. It will also encourage the common people to participate in the financial markets for achieving their financial goals. It will encourage people to use formal banking and safe digital financial services.

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:
Social networking major Twitter released its latest transparency report, which has the data between July -December 2019 on its rule enforcement, legal demands on content removal among others.
As per the report, India stands at fifth position in requesting Twitter and Periscope to remove content, based on local laws. Japan, Russia and Turkey ranked in the top 3 positions in the list. Twitter recorded a 21% rise in global account information requests and 789 requests from India.

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:
Spain has recently reported an outbreak of West Nile Virus spread by mosquitos. It spreads due to mosquitoes and causes West Nile Fever.
It has claimed the lives of two people in Spain and several people were admitted in hospital. It was originally discovered in Uganda in 1937. It was indigenous to Asia, Africa, Europe and Australia. This RNA virus belongs to the Flaviviridae family, which also has Zika virus, yellow fever virus and Dengue virus.

Notes:
HSBC India launched its ‘Green Deposit Programme’, to finance green initiatives including renewable energy.
Under this new initiative, the bank will ask their corporate clients to deposit money, which will in turn be used for financing green projects by letting the clients indirectly participate in the sustainability projects. The product offers stable principal, pre-agreed return and protection.

Notes:
Karnataka has announced that it would be the first state to implement the National Education Policy (NEP) 2020.
The Deputy Chief Minister of Karnataka participated in the ‘Highlights of the National Education policy and its implementation’ workshop. He announced that the state has started to launch administrative reforms and amendments to implement the policy.

Notes:
As per the recent date given by the Ministry of Finance to the Rajya Sabha, over 15 crore loans worth Rs 4.78-lakh crore have been disbursed to women borrowers since the Pradhan Mantri Mudra Yojana (PMMY) was launched.
Among the states, Tamil Nadu topped the list of women beneficiaries with loans amounting Rs 58227 crores. It is followed by the women in West Bengal (Rs 55,232 crore) and Karnataka (Rs 47,714 crore).