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Current Affairs Of 26 August 2020 by gkrecall
BANKING & FINANCE
Indian Govt, AIIB Inked $500 Mn Loan Agreement to Improve Quality & Safety of Mumbai’s Suburban Railway System
About Asian Infrastructure Investment Bank (AIIB):
President– Jin Liqun
Headquarters– Beijing, China
President– Jin Liqun
Headquarters– Beijing, China
ICICI Bank Becomes the 1st Bank in India Uses Satellite Data to Assess Credit Worthiness of Farmers
ICICI Bank has become the 1st bank in India to use such a technique to measure an array of parameters related to the land, irrigation and crop patterns and use it in combination with demographic and financial parameters to make quick lending decisions for farmers.
About ICICI Bank:
Headquarters– Mumbai, Maharashtra
MD & CEO– Sandeep Bakhshi
Tagline– Hum Hai Na, Khayal Apka
Headquarters– Mumbai, Maharashtra
MD & CEO– Sandeep Bakhshi
Tagline– Hum Hai Na, Khayal Apka
MasterCard and Goals101.ai Partnered to create Targeted and Personalised Offers for Bank Cardholders
Through this partnership, Mastercard and Goals101.ai will launch a section within the platform called ‘For You’ which will unify all the bank channels and properties into one.
About Mastercard:
Headquarters– New York, United States
Chief Executive Officer– Ajay Banga(Michael Miebach will succeed him by Jan1, 2021)
Headquarters– New York, United States
Chief Executive Officer– Ajay Banga(Michael Miebach will succeed him by Jan1, 2021)
SBI General Insurance Launched a 1st of its Kind offering, ‘Shagun – Gift an Insurance’ Policy for Personal Accident
It provides complete financial protection to the insured person against uncertainties such as accidental death and partial or total disabilities, and permanent & temporary disabilities resulting from an accident.
About SBI General Insurance Co Ltd:
Headquarters– Mumbai, Maharashtra
MD and CEO– Prakash Chandra(P.C.) Kandpal
Headquarters– Mumbai, Maharashtra
MD and CEO– Prakash Chandra(P.C.) Kandpal
NATIONAL AFFAIRS
APEDA Signed MoUs with AFC India Ltd and NCUI for Cooperation in Interest of Agriculture & Allied Sectors
Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, has signed two MoUs (Memorandum of Understanding) one each with AFC ((formerly Agricultural Finance Corporation Ltd) India Limited, and National Cooperative Union of India (NCUI), Delhi for working together in the interest of agriculture and allied sectors.
Nitin Gadkari inaugurated and laid foundation stones for 45 highway projects in Madhya Pradesh
He also announced that Rs.700 crore from the Central Road Fund(CRF) will be utilised for the road sector of Madhya Pradesh.
Niti Aayog Task Force headed by Ramesh Chand Recommends Linking of Sugarcane Prices to Sugar Rate
About NITI Aayog:
Chairman– Narendra Modi
Chief Executive Officer (CEO)– Amitabh Kant
Headquarter– New Delhi
Chairman– Narendra Modi
Chief Executive Officer (CEO)– Amitabh Kant
Headquarter– New Delhi
ECONOMY & BUSINESS
Tech Mahindra, NITI Aayog’s WEP Partnered to Support Women Entrepreneurs in India
About Tech Mahindra:
Managing Director (MD) and Chief Executive Officer (CEO)– Chander Prakash Gurnani
Headquarter– Pune, Maharashtra
Managing Director (MD) and Chief Executive Officer (CEO)– Chander Prakash Gurnani
Headquarter– Pune, Maharashtra
MCX Launched India’s 1st Tradeable Real-Time Bullion Index, ‘MCX iCOMDEX Bullion’
About Multi-Commodity Exchange of India Ltd:
Headquarters-Mumbai, Maharashtra
Chairman– Saurabh Chandra
MD & CEO- P.S. Reddy
Headquarters-Mumbai, Maharashtra
Chairman– Saurabh Chandra
MD & CEO- P.S. Reddy
AWARDS & RECOGNITIONS
Neelakantha Bhanu Prakash bags 1st ever Gold Medal for India in MCWC; Named ‘World’s Fastest Human Calculator’ title
Twenty-Year old Neelakantha Bhanu Prakash Jonnalagadda of Hyderabad has bagged the first ever Gold Medal for India in Mental Calculations (MC) World Cup (MCWC) held on August 15, 2020 by Mind Sports Olympiad (MSO).
ACQUISITIONS & MERGERS
Axis Bank to Acquire 17% Instead of 29% in Max Life Insurance
Axis Bank Ltd(Axis Bank) to acquire 17%(17.002%) of the equity share capital in Max Life Insurance(Max Life), instead of 29%.
SCIENCE & TECHNOLOGY
First in Indian Railways: Ahmedabad Railway Division Introduces Baggage Sanitization and Wrapping Machine
Ahmedabad Railway Division launched the Baggage Sanitization and Wrapping Machine at the Ahmedabad Railway station to ensure safe travel for the passengers during the Pandemic.
OBITUARY
Pascal Lissouba Ex-Congo President passed away
BOOKS & AUTHORS
‘Running Toward Mystery: The Adventure of an Unconventional Life’ Authored by Tenzin Priyadarshi and Zara Houshmand
the book ‘Running Toward Mystery: The Adventure of an Unconventional Life’ authored by Tenzin Priyadarshi and co-written by Zara Houshmand released.
IMPORTANT DAYS
