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Weekly Current Affairs Of August 4th week 2020 by gkrecall



Weekly Current Affairs 


gkrecall  brings 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. gkrecall prepare it based on your 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  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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Weekly Current Affairs of August 4th week 2020 by gkrecall


BANKING & FINANCE

Canara HSBC OBC Life Insurance & Andhra Pragathi Grameena Bank Entered into a Strategic Partnership through VC to Offer Life Insurance 

About Canara HSBC OBC Life Insurance Company Limited
MD & CEO- Anuj Mathur
Head Office– Gurugram, Haryana
About Andhra Pragathi Grameena Bank
Head Office– Kadapa, Andhra Pradesh
Chairman– Sri A Venkata Reddy

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



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



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)




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 

Karnataka Vikas Grameena Bank and SBI General Insurance Co Ltd Signed MoU to Sell General Insurance Products 

Karnataka Vikas Grameena Bank (KVGB) and SBI General Insurance Co Ltd have signed a Memorandum of Understanding(MoU) in  Dharwad, Karnataka to sell general insurance products through the branches of KVGB. 

About Karnataka Vikas Grameena Bank:
Headquarters– Dharwad, Karnataka
Chairman– P Gopi Krishna




RBL Bank Partnered with Accenture to Accelerate its Digital Transformation 

RBL Bank has entered into a strategic partnership with Accenture to transform and enhance the future readiness of the bank’s Information Technology (IT) systems and accelerate its digital transformation journey. 

About RBL Bank:
Headquarters– Mumbai, Maharashtra
MD & CEO– Vishwavir Ahuja




SBI Partners with AddaCorner to Launch ‘Online Home Carnival’


State Bank of India (SBI) has partnered with India’s First Real-Time Group Negotiation E-Platform, AddaCorner to launch ‘Online Home Carnival’, which will help in boosting the Real Estate market in Bangalore. Along with the launch of ‘Online Home Carnival’, AddaCorner was also launched. 




Tata Capital Ltd Launched a New Service, ‘Swift Insta Personal Loans’ on Whatsapp


Tata Capital Ltd(Tata Capital), the financial services arm of the Tata Group launched its new service called, ‘Swift Insta Personal Loans’ (SIPL) on WhatsApp. Through the new service, the existing customers can easily apply for loans and receive sanctions for personal loans (on a single platform) using TIA, a chatbot of Tata Capital on Whatsapp.




NATIONAL AFFAIRS

Department of Economic Affairs & UNDP India Launched Sustainable Finance Collaborative to Promote Sustainable Finance in India

the Department of Economic Affairs (DEA), Ministry of Finance in partnership with the United Nations Development Programme (UNDP) India launched the Sustainable Finance Collaborative (SFC).


IT Minister Ravi Shankar Prasad Launched “Chunauti”, Next Generation Start-up Contest; Foundation stone laid for NIELIT at Muzaffarpur, Bihar

This contest is a part of Rs 95 crore programme, spanning over 3 years, will hunt for around 300 startups working in identified areas and to provide them seed funds of up to Rs 25 lakh and other support from government through the Software Technology Parks of India (STPI).


India granted 4th Tranche of US$5mn to Myanmar for India-Myanmar Border Area Development

India granted 4th tranche of $5 million to Myanmar for the development of the India-Myanmar Border Area. In this regard, the Indian Ambassador to Myanmar Saurabh Kumar handed over the ceremonial cheque to Lt-Gen Ye Aung, Minister for Border Affairs, Myanmar. 

About Myanmar:
Capital– Naypyitaw
Currency– Burmese kyat
President– Win Myint


Kerala to set up India’s First International Women’s Trade Centre





India, Singapore commit to further enhance security partnership at 14th India-Singapore Defence Policy Dialogue

About Singapore:
Prime Minister – Lee Hsien Loong
Currency – Singapore Dollar (SGD)
“SIMBEX” – Annual India, Singapore Naval Combat Exercise. 

Union Minister Piyush Goyal addresses ASEAN-India Business Council Meet

Union Minister for Commerce and Industry, Piyush Goyal addressed the Association of SouthEast Asian Nations (ASEAN)-India Business Council Virtual Meet. He extended India’s friendship and partnership to ASEAN countries and expected to achieve a target of 300-billion-dollar trade through Business with them.

About ASEAN:
Secretary General – H.E. Dato Lim Jock Hoi 
Headquarters – Jakarta, Indonesia.


Indian Railways Set to Meet All its Energy Need of Over 33 Billion Units by 2030

Indian Railways organised a discussion over a wide range of topics with the stakeholders, chaired by Piyush Vedprakash Goyal, Union Minister of Railways, to become 100% self-sustainable for all its energy needs and to contribute to the National Solar Mission of India.


About Ministry of Railways:
Union Minister– Piyush Goyal
Minister of State– Suresh Angadi Channabasappa

NITI Aayog Released Export Preparedness Index (EPI) 2020: Gujarat Tops the Overall Rankings

About NITI Aayog:
CEO– Amitabh Kant
Headquarters– New Delhi




Tamil Nadu Women Topped the List of MUDRA Loan Scheme Beneficiaries


In accordance with the data provided by the Ministry of Finance to the Rajya Sabha, as of March 31, 2020, women in Tamil Nadu topped the list of loan benefit under Pradhan Mantri Mudra Yojana (PMMY) by availing Rs 58,227 crore loan.

About Ministry of Finance: 
Union Minister– Nirmala Sitharaman
Minister of State (MoS)– Anurag Singh Thakur




ISRO Signs MoU with VSSUT to Set up First of Its Kind Innovation cum Incubation Centre to Promote Space Research


Indian Space Research Organisation (ISRO) signed a Memorandum of Understanding(MoU) with Veer Surendra Sai University of Technology (VSSUT), Burla, Odisha, a technical institute, to set up the first of its kind innovation cum incubation centre, VSSUT Space Innovation Centre(VSSSIC) in India to promote space research.

About ISRO:
Chairman– K.Sivan
Headquarters– Bengaluru, Karnataka

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


The Chamber of Marathwada Industries and Agriculture (CMIA) has joined hands with the United Nations Development Programme (UNDP) to set up a help desk for MSMEs (Micro, Small & Medium Enterprises) for providing information on various government safety guidelines, regulatory norms, schemes and support measures during the Covid-19 related business challenges.



India’s Longest River Ropeway Inaugurated in Guwahati, Assam


The Guwahati Passenger Ropeway Project connecting the Northern and Southern banks of the Brahmaputra River.


The ropeway service is 1.8 Kilometres long, making it the longest ropeway distance over a river in the entire country.

About Assam:
Capital – Dispur
Chief Minister – Sarbananda Sonowal 




India and Uzbekistan Co-chaired the First National Coordination Committee Meeting: Discussed on Trade and Investment


About Uzbekistan:
President– Shavkat Mirziyoyev
Prime Minister- Abdulla Aripov 
Capital– Tashkent
Currency– Uzbekistani soʻm




Kerala State Dragonfly Festival 2020 aka “Thumbimahotsavam 2020” Launched; Mascot is “Pantalu” 


the first ever Kerala State Dragonfly Festival 2020 aka “Thumbimahotsavam 2020” was launched by the World Wide Fund for Nature (WWF)-India State unit in collaboration with Society for Odonate Studies (SOS) and Thumbipuranam through a virtual ceremony from Kerala.

Ministry Of Tourism Inked MoU with TAAI & FICCI Ladies Organisation for Women’s Economic Empowerment through Tourism

Travel Agents Association of India (TAAI) and Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organisation (FLO) inked a formal Memorandum of Understanding (MOU) with the Ministry of Tourism for women empowerment through video conference.

INTERNATIONAL AFFAIRS

India Ranked 72nd on Global List with Average Monthly Wage of Rs 32,800, Switzerland Tops: Picodi.com

In accordance with the global ranking of average wages prepared by Picodi.com, India ranked 72nd among 106 countries with an average monthly wage of Rs 32,800 (USD 437). Picodi.com is an international e-commerce platform, headquartered in Poland, provides discount coupons.  
The ranking has been topped by Switzerland, where the average wage converted into rupees amounts to Rs 4,49,000 (USD 5,989). 

On the other hand the average monthly wage of Cuba is the lowest at Rs 2,700 (USD 36).



Kiren Rijiju attends Sports Ministers Meeting of BRICS Nations; India to host BRICS Games 2021 with Khelo India Games 

India to host BRICS Games 2021 with Khelo India Games 
About BRICS:
Establishment– 2009
Members– 5
Theme for 2020– “BRICS Partnership for Global Stability, Shared Security and Innovative Growth”.

Maldives Launches India backed Infrastructure Projects


About Maldives:
Capital– Male
Currency– Maldivian rufiyaa
President– Ibrahim Mohamed Solih


World Health Organization (WHO) declares Africa free of Wild Poliovirus 



About WHO
Director General – Tedros Adhanom Ghebreyesus(Ethiopia)
Headquarters – Geneva, Switzerland

WHO Urged Developed Nations to Join Covax Facility to Counter “Vaccine Nationalism”  


In order to provide rapid, fair and equitable access to COVID-19 vaccines worldwide, the World Health Organisation (WHO) has invited countries to join its Covid-19 Vaccine Global Access (COVAX) facility by August 31, 2020. 

About World Health Organization (WHO):
Director-General–  Tedros Adhanom Ghebreyesus
Headquarter– Geneva, Switzerland



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




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

Google Launches ‘The Anywhere School’ to Boost Online Learning


Google launched ‘The Anywhere School’ initiative in more than 250 countries around the world. The initiative is expected to benefit millions of students who have switched to learning from home, due to the pandemic. 

AWARDS & RECOGNITIONS   

Noor Inayat Khan, Britain’s World War II Spy Became the 1st  Indian-origin woman to honoured with a Memorial Blue Plaque

Noor Inayat Khan(Noor-un-Nissa Inayat Khan or Nora Baker), Britain’s World War II spy, who served in the Special Operations Executive(SOE) became the 1st Indian-origin woman to be honoured with a memorial Blue Plaque at her former family home in London, United Kingdom(UK). 


SBI to Receive Human Capital Management Excellence Award 2020 for its HR initiative, ”Nayi Disha”

State Bank of India (SBI) to receive Brandon Human Capital Management(HCM) Excellence Award(also known as the Academy Awards of Learning & Development)2020,  a global recognition for its HR initiative, ”Nayi Disha”

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)

Kallis, Sthalekar and Zaheer Abbas inducted into ICC Cricket Hall of Fame

Former players Jacques Kallis (South Africa), Lisa Sthalekar(Australia) and Zaheer Abbas (Pakistan) were inducted into the International Cricket Council’s (ICC) Hall of Fame of the class of 2020 in a virtual ceremony. 

About ICC:
Chief Executive Officer – Manu Sawhney
Chairman – Imran Khwaja
Headquarters – Dubai, United Arab Emirates (UAE)


Wabag Wins 2020 Global Water Award for Koyambedu TTRO Plant in Chennai


Water technology major Va Tech Wabag bagged the 2020 Global Water Award for its 45 million litres a day Tertiary Treatment Reverse Osmosis (TTRO) plant at Koyambedu in Chennai.   

National Sports Awards 2020 Announced; 73 Awardees in 7 Categories

National Sports Awards 2020 were announced by the Ministry of Youth Affairs and Sports. The awards were recommended by the Selection Committee headed by Justice (Retd.) Mukundakam Sharma (former Judge of Supreme Court of India)




Anand Mahindra, Shantanu Narayen to Receive 2020 Leadership Awards from USISPF


US-India Strategic Partnership Forum (USISPF) announced that Mahindra Group Chairman, Anand Mahindra and Adobe Chairman & Chief Executive Officer (CEO), Shantanu Narayen will receive the 2020 Leadership Awards for their exemplary vision and effort towards the promotion of US-India Bilateral Ties.  


APPOINTMENTS & RESIGNATIONS     

Vinay M Tonse Appointed as MD & CEO of SBI Funds Management Pvt. Ltd.; Replaced Ashwani Bhatia

  

Ashwani Bhatia Appointed as Managing Director of SBI; Succeeds PK Gupta

The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi appointed Ashwani Bhatia, Deputy Managing Director (DMD), State Bank of India (SBI) as the Managing Director (MD) of SBI, effective from his date of assumption upto the date of his superannuation(May 31, 2022) or until further orders, whichever is earlier. 




Former Finance Secretary Rajiv Kumar Appointed as New Election Commissioner

Retired IAS officer and Former Finance Secretary Rajiv Kumar was appointed as the Election Commissioner with effect from August 31, 2020. He succeeds Ashok Lavasa.

About Election Commission of India:
Chief Election Commissioner – Sunil Arora.
Headquarters – New Delhi.




ACQUISITIONS & MERGERS    

PAG to Acquire 51% Stake in Edelweiss Wealth Management for About Rs 2,200 Crore

Private equity (PE) firm PAG, (formerly known as Pacific Alliance Group (PAG)to make a strategic investment of approximately Rs 2,200 crore (USD 300 million) for a 51 % stake in Edelweiss Wealth Management (EWM).

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%. 

ICICI Lombard & Bharti AXA Signed Definitive Agreements to Merge their Insurance Businesses

ICICI Lombard General Insurance Co. Ltd.(ICICI Lombard) and Bharti AXA General Insurance Co. Ltd.(Bharti AXA) have signed definitive agreements to merge their insurance business.




SCIENCE & TECHNOLOGY

CISF launched ‘Pensioners Corner’ Mobile App for its Pensioners

About CISF:
Headquarters– New Delhi, India
Director General– Rajesh Ranjan



China Launches Most Advanced Warship Type-054 class for Pakistan Navy

China launched the first of the four advanced naval warships, Type-054 class frigates for the Pakistan Navy.  The Type-054 class frigate is manufactured by China Shipbuilding Trading Company Ltd (CSTC) and was launched in the Chinese state-owned Hudong Zhonghua Shipyard, Shanghai

Narendra Singh Tomar launched Integration of “ICAR-IIHR Seed Portal with SBI’s YONO Krishi Web Application 


Indian Council of Agriculture Research (ICAR) and Indian Institute of Horticulture Research (IIHR) to help the farmers in increasing the crop production along with the crop quality and income generation.

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.

China Successfully Launched New Optical Remote-Sensing Satellite “Gaofen-9 05” along with 2 Smaller Payloads


About China:
Capital– Beijing
Currency– Renminbi
President– Xi Jinping

Nitin Jairam Gadkari launched ‘Harit Path’, Mobile App developed by NHAI to monitor highway plantation

Nitin Jairam Gadkari, Union Minister for Road Transport and Highways launched the mobile app, “Harit Path” for monitoring plantations and transplantation of trees along the highway, during the meeting to review the New Green Highway Policy (Plantation). 



BOOKS & AUTHORS

Indian Cricket Coach Gurcharan Singh Co-authored his Memoir “Pitching It Straight” with MS Unnikrishnan

‘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. 

The Book “Delhi Riots 2020: the Untold Story” is Set to be Published



The book “Delhi Riots 2020: The Untold Story”authored by Monika Arora, advocate, Sonali Chitalkar(political Science) and Prerna Malhotra(English) teachers at Delhi University is set to be published by Garuda Prakashan 

Union Minister Dr Jitendra Singh releases book on Cancer edited by noted Oncologist Dr Ashok Vaid

Union Minister Dr Jitendra Singh launched a book on cancer – “Gastric Cancer” edited by Dr Ashok K. Vaid.  He is a Noted Oncologist and was awarded Padma Shri in 2009 for his outstanding work in the field of medicine. 

SPORTS


West Indies Cricketer Dwayne Bravo becomes first bowler to scalp 500 wickets in T20s



Bayern Munich Won the UEFA Championship League 2019-20

Bayern Munich (FC Bayern München), German football club won their 6th Championship in the Union of European Football Associations(UEFA) Champions League 2019-20.

About UEFA:
President– Aleksander Čeferin
General Secretary- Theodore Theodoridis
Headquarters– Nyon, Switzerland


IMPORTANT DAYS

National Sports Day 2020: August 29

National Sports Day is annually observed on 29th August to commemorate the birth anniversary of Indian Hockey Legend Major Dhyan Chand Singh.



International Day Against Nuclear Tests: 29th August 2020

The first International Day against Nuclear Tests was observed on 29th August 2010.

World Gujarati day 2020: August 24


 poem Jai Jai Garavi Gujarat” is used as the state song of Gujarat.(the hindi lyric was written by Prasoon Joshi).


International Day for the Remembrance of the Slave Trade and Its Abolition 2020: August 23



International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief 2020 – August 22



Earth Overshoot Day 2020: August 22


OBITUARY

Vasanthakumar, Congress MP, and Founder of Vasanth & Co Died of COVID-19




Athletics Coach Purushotham Rai dies a day before Receiving Dronacharya Award

Veteran Assamese Folk Singer Archana Mahanta Passed Away




Former Supreme Court Judge Justice A.R. Lakshmanan Passed Away

Pascal Lissouba Ex-Congo President passed away

STATE NEWS

UP govt launches ‘Major Dhyan Chand Vijaypath Yojana’ to Build Roads to 19 International Player’s houses

The list includes Indian Cricketers Bhuvneshwar Kumar, Praveen Kumar, Piyush Chawla and Mohammad Kaif.

Kerala CM Pinarayi Vijayan Inaugurates State’s First Marine Ambulance ‘Pratheeksha’ in Kochi

Kerala Chief Minister Pinarayi Vijayan inaugurated the State’s First fully equipped Marine Ambulance ‘Pratheeksha’. It was acquired by the Fisheries Department at Kochi for rescue operations at sea. ‘Pratheeksha’ – built by Cochin Shipyard Ltd (CSL) is the first of the three marine ambulances ordered by the state.