Current Affairs Quiz - August, 2020

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:
The Cabinet Committee on Economic Affairs (CCEA) has approved an increase in Fair and Remunerative Prices (FRP) of sugarcane by Rs.10 per quintal from the existing Rs 275 to Rs.285 per quintal.
The new FRP would come into force from October 2020. This is in line with the recommendations of the Commission of Agricultural Costs and Prices (CACP).

Notes:
Every year, August 19 is observed as the World Humanitarian Day by the United Nations (UN), to commemorate humanitarian workers killed and injured in the course of their work.
This year, the UN has initiated a global conversation / campaign -to thank #RealLifeHeroes to celebrate the humanitarians who have committed their lives to help others. The day marks the 2003 bomb attack killing 22 people, including the Iraqi chief humanitarian, Sergio Vieira de Mello.

Notes:
The rockets manufactured by Economic Explosives Ltd (EEL) have been successfully test fired by the Indian Army.
This is the first ever set of rockets fully manufactured by a private sector company, and is expected to reduce the single source dependency on Ordnance Factory Board (OFB). The Pinaka rockets were manufactured after a technology transfer agreement with the DRDO.

Notes:
A first-of-its-kind interactive game on COVID-19 named the “Corona Fighters” has been launched by the Union Health Minister Dr. Harsh Vardhan.
The game has been designed creatively to teach people about the right tools and behaviours to fight the Covid-19 pandemic. In addition to the game, the Minister also launched two new videos to inculcate appropriate behaviours, to be followed during the pandemic.

Notes:
The US-India Strategic Partnership Forum (USISPF), an US based India-centric business advocacy group has announced to honour Anand Mahindra and Shantanu Narayen with 2020 Leadership Awards.
The Mahindra group Chairman and Adobe Chairman and CEO are awarded for promoting US-India bilateral ties. It will be presented at 3rd Annual Leadership Summit of USISPF titled “US-India Week: Navigating New Challenges”, that will be virtually convened from August 31.

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.

Notes:
The National Bank for Agriculture and Rural Development (NABARD) has introduced a product Structured Finance and Partial Guarantee Programme to NBFC-MFIs.
This is intended to promote unhindered flow of credit in rural areas, which has been affected by COVID 19 pandemic. The product provides partial credit guarantee on pooled loans extended to small and mid-sized micro finance institutions (MFIs).

Notes:
The COAS (Chief of Army Staff) Unit Appreciation was conferred to NSG’s (National Security Guard) 51 Special Action Group (SAG). The appreciation was conferred to the unit for the group’s exemplary achievements in combating terrorism.
The most important operation undertaken by the unit is “Operation Black Tornado” which was launched against the terror strikes in Mumbai in November 2008.