Current Affairs Quiz - August, 2020

Notes:
“Swadeshi Microprocessor Challenge” has been launched by the Government of India to promote indigenous microprocessor manufacturing and designing.
100 shortlisted companies will be given grant to build their prototype. 25 finalists will win Rs.1 crore each. The top ten teams will get a fund of total Rs.2.30 crore with 12-month incubation support, from the Ministry of Information Technology.

Notes:
As per a recent release by the Government, India ranks first in terms of number of organic farmers and 9th in terms of area under organic farming.
In order to boost organic farming, the Union Government had launched “Mission Organic Value Chain Development for North East Region” (MOVCD) and “Paramparagat Krishi Vikas Yojana” (PKVY) in 2015. Sikkim became the first state in the world to become fully organic in farming.

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:
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:
Under the Atal Bimit Vyakti Kalyan Yojana, Employees and State Insurance Corporation (ESIC) has relaxed its norms, wherein it would pay 50% (up from earlier 25%) of average wages of three months as unemployment benefit.
The scheme would be available to people who have lost their jobs due to the pandemic between March 24 and December 31 this year. This is expected to benefit nearly 40 lakh industrial workers.

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:
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 Myanmar government has signed an agreement for implementing “National Ceasefire Agreement” (NCA) with 10 armed ethnic groups. The peace accord is called Union Peace Accord III contains 15 provisions to implement the NCA.
The agreement was entered into by the parties at Nay Pyi Taw during the 4th session of the Union Peace Conference named – 21st Century Panglong.

Notes:
Software Technology Parks of India (STPI), under the Ministry of Electronics and Information Technology is set to have the largest ecosystem of incubation ecosystem in the country, in a year by setting up 21 centres of excellence.
The proposed 21 centres of excellence (CoEs) will incubate new technologies in various sectors. Out of the 21 CoEs, 12 of them are already operational. Three centres are related to Agriculture and one more is proposed to be launched.

Notes:
The United Nations General Assembly designated 22 August as the International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief.
It comes a day after the International Day of Remembrance and Tribute to the Victims of Terrorism. The UN asks its members to ensure the upholding of human rights of persons belonging to religious minorities, including their right to exercise their religion or belief freely.