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Current Affairs Of 1 August 2020

Current Affairs Of 1 August 2020

We  bring you the complete and important daily Current Affairs  and Daily Quiz to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We prepare it based on our daily current affairs.Hope you like it.Current Affairs of March 2020 with Latest Current affairs March 2020 PDF for preparation of Bank Exam – PO & clerk, SSC, Railways & Insurance. Our Current Affairs of may 2020 PDF covers various sections like National March Current Affairs 2020, business & economy, Indian and International affairs 2020, defense, environment current affairs, persons and many for competitive exams preparing aspirants.

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SIDBI, TransUnion CIBIL launched financial knowledge platform ”MSMESaksham” for MSMEs

The Small Industries Development Bank of India (SIDBI) in association with TransUnion CIBIL has launched a comprehensive financial education and one-stop knowledge platform for micro, small and medium enterprises “MSMESaksham”, which will guide MSMEs (micro, small and medium enterprises) seeking quick access to finance and will also support them in managing their credit obligations. 

About SIDBI:
Chairman and Managing Director (CMD)– Mohammad Mustafa
Headquarter– Lucknow, Uttar Pradesh (UP)

Craft Silicon & PayU Partnered to Advance Digital Loan Repayment

Craft Silicon, a global financial software solution provider has entered into a strategic partnership with PayU, India’s online payment solutions provider to innovate and accelerate the digital loan repayment solutions for small finance banks, micro-lending institutions and Non Banking Financial Company (NBFC).

About PayU:
Headquarters– Netherlands
CEO– Laurent le Moal

Kotak Mahindra Bank Launched a Two-Month Campaign, ‘Kona Kona Umeed’ with Offers, Discounts

Kotak Mahindra Bank has launched a special two-month campaign, ‘Kona Kona Umeed’ with offers and discounts across its suite of products to make banking and shopping more rewarding for the customers so as to boost consumer demand and lift people’s enthusiasm during this pandemic situation.

About Kotak Mahindra Bank:
Headquarters– Mumbai, Maharashtra
Managing Director(MD) and Chief executive Officer(CEO)– Uday Kotak
Tagline– Lets make money simple

MobiKwik Launched mpay.me, a Personalized UPI Payment Link

MobiKwik launched mpay.me, a Unified Payment Interface (UPI) payment link service that allows users to send and receive money from any UPI payment app. 

About MobiKwik:
Headquarters– Gurugram, Haryana
Founder CEO & Director– Bipin Preet Singh


AIM launched ‘AIM-iCREST’, in partnership with Bill & Melinda Gates Foundation and Wadhwani Foundation

 NITI (National Institution for Transforming India) Aayog’s Atal Innovation Mission (AIM), has launched AIM iCREST – an Incubator Capabilities enhancement program for a Robust Ecosystem focused on creating high performing Startups in collaboration with Bill & Melinda Gates Foundation and Wadhwani Foundation, which will provide global expertise.

About NITI Aayog:
Establishment– 2015
Chief Executive Officer (CEO)– Amitabh Kant
Headquarters– New Delhi


Reliance Power, JERA ink loan agreement with banks for new power plant in Bangladesh

Reliance Power and Japanese energy major JERA have inked a pact with a group of banks for full financing, totalling $642 million (approx Rs 4,798 crore), for their new gas-fired thermal power generation project in Bangladesh.


Ivory Coast’s Defence Minister Hamed Bakayoko Appointed as PM

About the Republic of Ivory Coast(Côte d’Ivoire):
Capital– Yamoussoukro
Currency– West African CFA franc

Great Eastern Shipping Company Ltd Appointed Former RBI Governor Urjit Patel as Additional & Independent Director

Great Eastern Shipping Company Ltd announced that its board has appointed former Reserve Bank of India(RBI) Governor Urjit Patel as an additional and independent director for a term of 5 years.

Varun Sridhar is appointed as the New CEO of Paytm Money

Paytm Money, the subsidiary of One97 Communication Ltd announced the appointment of Varun Sridhar as the New Chief Executive Officer(CEO) following the resignation of former Managing Director and CEO Pravin Jadhav.

About Paytm Money:
CEO– Varun Sridhar
Headquarters– Bengaluru, Karnataka


TATA Capital Growth Fund invests 30 Million USD for 0.85% Stake in Biocon Biologics

Biocon Biologics India approved the primary equity investment of around Rs.225 crore (30 Million USD) by Tata Capital Growth Fund for a 0.85% minority stake in Biocon Biologics, biosimilar business.


Folk musician and Padma Shri awardee Sonam Tshering Lepcha died at 92 in Kalimpong, West Bengal

Former Taiwan president, Lee Teng-hui dubbed as “Mr. Democracy” passed away at the age of 97 in Taipei City, Taiwan

About Taiwan
Capital – Taipei
President – Tsai Ing-wen
Currency – New Taiwan dollar (NT$)

Malayalam Actor Anil Murali passed away at the age of 51


World Ranger Day 2020 – July 31

About International Ranger Federation
President – Chris Galliers