Current Affairs Quiz - August, 2020

Notes:
Israel has successfully conducted the test of its advanced missile defence system called ARROW 2. It is designed to defend the country from ballistic attacks. The test was conducted jointly with US Missile Defence Agency.
Arrow 2 is a part of multi-layered defence system that Israel has developed to defend short and mid-range rockets as well as long range missiles.

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 Governor of Goa, Satya Pal Malik has been transferred as the Governor of Meghalaya, as per a recent communication from the Rashtrapathi Bhavan.
He is to replace the incumbent Governor of the North Est state, Tathagata Roy who completed his five-year tenure. The Governor of Maharashtra, Bhagat Singh Koshyari, will discharge the additional functions of the Goa Governor.

Notes:
The Reserve Bank of India (RBI) has released the framework for setting up of a new umbrella entity for retail payments.
It will operate as a ‘for-profit’ company that will have minimum paid-up capital of Rs 500 crore. It will set up and operate the payment systems such as ATMs, white-label PoS and Aadhaar-based payments. The company will also manage clearing and settlement systems of banks/ non-banks.

Notes:
Iran has displayed a surface-to-surface ballistic missile, that has a range of 1,400 kilometres, named martyr Qassem Soleimani.
The country also displayed a new cruise missile called martyr Abu Mahdi, with a range of over 1,000 km, amidst the demand from the United States to stop its missile programme. The head of Iran’s Quds Force, Soleimani and Iraqi commander Abu Mahdi al-Muhandis were killed in a U.S. strike.

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:
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 name of the “Religare Health Insurance Company Ltd” which is a subsidiary of Religare Enterprises has been changed to “Care Health Insurance Ltd”.
The change of name is effective from 19th August 2020. Religare Health Insurance was establishedby Religare enterprise limited, Union Bank of India and Corporation Bank in the year 2012. The company is headquartered in Gurgaon, Haryana.

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:
The Food Safety and Standards Authority of India (FSSAI) had initiated the ‘Eat Right India’ movement, to create awareness about safe, healthy and sustainable dietary habits.
FSSAI has launched Eat Right Challenge as an annual competition to strengthen food regulatory ecosystem and build awareness. Union Health Minister Dr Harsh Vardhan has recently launched FSSAI’s ‘Eat Right India’ Handbook and its website.