Weekly Current Affairs 8th To 14th August 2020

International News

‘State of Environmental Emergency’- by Mauritius

• The island nation Mauritius has declared ‘State of Environmental Emergency’.
• It is declared by the island nation because Japanese bulk carrier “MV Wakashio” ran aground on a Mauritius’s reef and has begun leaking of oil into the ocean.

National News

Delhi Electric Vehicle Policy

• Government of Delhi has launched ‘Delhi Electric Vehicle Policy’.
• This is the progressive policy which will boost the economy. Reduce pollution and will create employment opportunities.

Maharashtra partners with Google

• Government of Maharashtra has partnered with Google to start virtual educational classes to the students.
• 1.09 lakh government, private, aided and unaided school will be given online virtual education by google.

Virtual Office Network to Spearhead Tribal Socio-Economic Development

• The entity of Ministry of Tribal Affairs, TRIFED (Tribal Cooperative Marketing Development Federation of India) has launched Virtual Office Network to Spearhead Tribal Socio-Economic Development.
• The virtual office network was launched on the occasion of 33rd Foundation Day of TRIFED.

Submarine Cable Connectivity to Andaman & Nicobar Islands (CANI)

• Submarine Cable Connectivity to Andaman & Nicobar Islands (CANI) has been launched via video conference by Prime Minister Narendra Modi.
• This submarine Optical Fibre Cable (OFC) will provide connectivity for Chennai, Tamil Nadu and Port Blair, Andaman and Nicobar Island.

Andhra Pradesh Industrial Development Policy 2020-23

• The government of Andhra Pradesh has launched it's Industrial Development Policy 2020-23 in order to have industrial and corporate sector development in the state.
• The new industrial policy will be led to regional growth and global investment in the state.

‘Surakhsya’ a National Portal on Human-Elephant Conflict

• Union Minister of Environment, Forest and Climate Change has launched a national portal on Human-Elephant conflict. The name of the portal is ‘Surakhsya’.
• The portal is launched with an aim to collect real-time data and to manage the conflicts on a real-time basis.

‘Sputnik V’-- World’s 1st Coronavirus Vaccine

• Russia has developed and named its first coronavirus vaccine as ‘Sputnik V’.
• The name ‘Sputnik V’ is given in reference and respect to the world’s first satellite.

‘nth Rewards’—Launched by NPCI

• National Payment Corporation of India (NPCI) has developed and launched a business intelligence and analytics-based omnichannel, multi-branded loyalty platform named as ‘nth Rewards’.
• The platform is launched to grow customer base and become the one-stop-shop for banks.

‘Transparent Taxation-Honoring the Honest’ Platform

• Prime Minister Narendra Modi has launched a platform called ‘Transparent Taxation-Honoring the Honest’.
• The platform is launched to carry forward the direct tax reforms and to honour the honest taxpayers.

India provides Financial Support to Antigua and Barbuda

• India has offered a financial helping hand to the government of Antigua and Barbuda.
• The financial assistance of USD 1 million is offered by India.

Banking

RBI sets up Committee to Suggest Financial Parameters to Tackle COVID-19

• The Reserve Bank of India has set up a committee which will work to tackle the financial parameters which have arisen due to COVID-19 related stressed assets.
• The committee is headed by K V Kamath. The committee will be submitting its solutions and recommendations to RBI in 30 days.

RBI to implement System Based Asset Clarification in Urban Co-operative Banks

• Reserve Bank of India has taken the decision to implement system-based asset clarification in urban co-operative banks (UCBs).
• The decision is taken to improve efficiency, transparency and integrity on the clarification process of assets in UCBs.

Federal Bank Credit Card

• Federal Bank has partnered with Fiserv Inc. to launch its ‘Federal Bank Credit Card’, which is their first independent credit card.
• For this credit card, Federal Bank will make use of FirstVision technology of Fiserv Inc.

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