Current Affairs Quiz - August, 2020

Notes:
The Cabinet Committee on Economic Affairs (CCEA) has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans to state-owned electricity distribution companies (Discoms).
This measure has been made by the Government to inject liquidity into Discoms, as a part of the Atma Nirbhar Bharat Scheme. As per the existing guidelines, Discoms can avail working capital loans equal to 25% of last year’s revenues, under UDAY scheme from PFC and REC.

Notes:
Chandrayaan-2 is India’s first mission to make a soft-landing of a rover on the South pole of the moon.
It is also India’s second lunar mission, which has recently completed one full year around the moon. Indian Space Research Organisation (ISRO) has announced that all of its instruments are performing well and there is adequate fuel to keep it functional for about seven more years.

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:
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:
Union Ministry of Tribal Affairs and Ministry of Rural Development has recently signed a Joint Communication to promote sustainable livelihood opportunities Among Tribal Women SHGs in rural areas.
Rural Development Ministry will identify and map tribal women SHG members while Ministry of Tribal Affairs will promote livelihood opportunities among women identified by State Rural Livelihood Mission (SRLM) through several arenas.

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:
The UEFA Champions League 2020 has been won by the Germany-based football club, the Bayern Munich.
The team won 1-0 against the Paris Saint Germain (PSG) at the final match held at Estadio da Luz, Lisbon. Kingsley Coman scored the only goal of the match during the 59th minute. Bayern Muncih has won the league after 7 years.

Notes:
This year, the Earth Overshoot Day fell on 22nd August, 2020. Earth Overshoot Day is the date when the demand for ecological resources and services by human beings exceeds what Earth can regenerate in a given year.
This is computed by the think tank named Global Footprint Network using Earth’s Bio-capacity, Humanity’s Ecological Footprint among others.

Notes:
Indian Navy’s longest serving warship, the Indian Naval Ship (INS) Viraat, that was earlier decommissioned and laid at the Naval dockyard in Mumbai, is to be dismantled at Alang yard, Gujarat.
INS Viraat is a 27,800-tonne Centaur class aircraft carrier. It had originally served in the British Navy for 25 years till 1984. It was commissioned into the Indian Navy in the year 1987 and was operating Harrier fighter jets.

Notes:
The state of Kerala is set to host the first-ever State Dragonfly Festival named ‘Thumbimahotsavam 2020’.
This is a part of the National Dragonfly festival being organised by the WWF India, Bombay Natural History Society & Indian Dragonfly Society. It also involves the collaboration of NBB, UNDP, UNEP and IUCN- CEC. The official mascot of the festival is named ‘Pantalu’.