We are here for you to provide the important Recent and Latest Current Affairs 5 August 2020, which have unique updates of Latest Current Affairs 2020 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.
Our Current Affairs August 2020 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Latest Current Affairs Quiz and Monthly Current Affairs 2020 PDF which will be a pedestrian to crack your exams.
Top 15 Current Affairs of 5 August 2020
MoD releases draft Defence Production and Export Promotion Policy 2020; aimed at $5 bn export by 2025
i.On August 3, 2020, the Ministry of Defence (MoD) publicized a draft ‘Defence Production & Export Promotion Policy (DPEPP) 2020 for public feedback by August 17, 2020 after which the policy would be promulgated by the MoD. The policy aims to achieve a manufacturing turnover of $25 bn or Rs 1,75,000 crore, including exports of $5 bn or Rs 35,000 Crore in aerospace and defence goods and services by 2025.
ii.The DPEPP 2020 is MoD’s overarching guiding document for providing significant thrust to defence production capabilities for self-reliance and exports.
iii.The Department of Defence Production (DDP) will be the nodal department for coordination on various components of the DPEPP 2020 and to achieve the objectives set in this Policy.
About Ministry of Defence (MoD):
Union Minister– Rajnath Singh
Minister of State (MoS)– Shripad Yesso Naik
<< Read Full News >>
IIT Kanpur and DARPG Sign Agreement With MoD For Using AI, ML to Address Public Grievances
i.On August 04, 2020, A Tripartite Memorandum of Understanding (MoU) was signed between IIT Kanpur, Ministry of Defence (MoD) and Department of Administrative Reforms & Public grievances (DAR & PG) to develop Artificial Intelligence (AI) and Machine Learning (ML) Techniques to conduct exploratory and predictive analysis of Public Grievances received on the web based Centralized Public Grievances Redress & Monitoring System (CPGRAMS) pertaining to the MoD.
ii.The project will help the Ministry of Defence to take corrective measures in time, before a problem becomes large.The analysis will help the MoD to determine if more complaints are coming from any specific areas/regions/cities.
Defence Minister of India – Rajnath Singh
Minister of State for Personnel, Public Grievances & Pensions – Dr. Jitendra Singh
IIT Kanpur Director – Abhay Karandikar.
<< Read Full News >>
Listed entities get 3 years to meet criteria of minimum 25% public shareholding
i.In order to provide more time to the listed entities to meet criteria of minimum public shareholding (MPS) of 25%, the Centre Government has made changes in the Securities Contracts (Regulation) Rules, 1957 in rule 19A, in sub-rule (1), where the words “two years” substituted by words “three years”.
ii.Eligibility for this relaxation: The rules were relaxed for listed entities for whom the deadline to comply with MPS requirements falls between the period from March 1, 2020 to August 31, 2020.
iii.Stock exchanges will not take any penal action against entities in case of non-compliance during the above mentioned period.
About Securities and Exchange Board of India (SEBI):
Chairman– Ajay Tyagi
Headquarter– Mumbai, Maharashtra
<< Read Full News >>
Four more States/UTs linked with One Nation One Ration Card scheme; taking total to 24
i.With effect from August 1, 2020, 3 states of Manipur, Nagaland and Uttarakhand, and one Union Territory of Jammu & Kashmir (J&K) have joined the One Nation, One Ration Card (ONORC) platform, increasing the total number of states/UTs under this scheme to 24.
ii.This information has been provided by Union Ministry of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan while reviewing the progress of ONORC plan.
iii.The addition of above 4 states/UTs has ensured food security to 65 Crore (80%) of total National Food Security Act (NFSA), 2013 population for receiving food grains from any Fair Price Shop (FPS) in 24 States/UT, under the scheme.
iv.The scheme will be operational all over India by 31st March 2021.
About Ministry of Consumer Affairs, Food and Public Distribution:
Ram Vilas Paswan Constituency- Bihar
Minister of State (MoS)– Raosaheb Patil Danve
<< Read Full News >>
For the 1st time in India Railways uses NTC machine for track construction
In a boost to the railways’ efforts to use technology to ease infrastructure work, for the first time in India, Railway is using New Track Construction (NTC) machine for the entire track laying of the Dedicated Freight Corridors. The projects will be implemented by Dedicated Freight Corridor Corporation of India Limited (DFCCIL).
- Currently, there are seven NTC machines that have been deployed along the Dedicated Freight Corridor (DFC) alignment. Four NTC machines are deployed in the Eastern DFC viz. Allahabad – New Bhaupur, Allahabad – Pandit Deen Dayal Upadhyaya junction, Bhaupur – Bhadan, Khurja Dadri sections and in Western DFC, three NTC machines are deployed at Palanpur-Makarpura, Gothangam-Baroda and Anchali-Sachin sections respectively.
- Notably, The Khurja-Dadri section is the connecting link between the Eastern and Western DFCs on which freight trains run at a speed of 100 kmph ensuring fast logistics movement. The project is expected to be completed by 2022.
Key Features of NTC Machine:
-The NTC machine has the capability to lay 1.5 km of track per day as compared to 150-200 metres of track.
-The machine helps in bringing efficiency in track construction with integrated logistic arrangements for mechanised handling, movement and laying of heavy track components.
Recent Related News:
In accordance with the initial timeline drawn by the railways, it has planned to roll out 151 private train services by 2027 on 109 pairs of routes across the country. In this regard, Indian Railways is ready to introduce 12 trains in 2022-23, 45 in 2023-2024, 50 in 2025-26 and 44 more in the next fiscal, taking the total number of trains to 151 by the end of FY 2026-2027. There would be Rs 30,000 crore private sector investment in this project.
About Indian Railways:
Headquarter– New Delhi
Operated by – Ministry of Railways
Railway Board Chairman– Vinod Kumar Yadav
BANKING & FINANCE
Canara Bank Partnered with 3 insurers to Provide Individual Short-Term Corona Kavach Policy
i.As part of a social commitment to compensate the unprecedented expenses of ordinary people, Canara bank has partnered with 3 insurers namely, New India Assurance Company Ltd, Bajaj Allianz General Insurance Co Ltd and HDFC ERGO Health Insurance Co Ltd to offer individual short-term Corona Kavach policy to cover their COVID-19 related health expenses.
ii.Availability- The policy will be available for a maximum period of 9 and half months (or 285 days).
iii.Minimum & Maximum sum Insured- The minimum sum insured is Rs 50,000 and maximum is Rs 5 lakh.
About Canara Bank
Headquarters– Bangalore, Karnataka
Managing Director(MD) & Chief Executive Officer(CEO)– L.V. Prabhakar
Tagline– Together We Can
<< Read Full News >>
National Bank of Bahrain Selects Infosys Finacle to Digitally Transform its Transaction Banking Business
National Bank of Bahrain(NBB) and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, announced that the bank has decided to adopt the Finacle Cash Management Suite to digitally transform its transaction banking business.
- This partnership is a part of NBB’s digital transformation, with the upgrades provided by the suite to equip the bank with a modern system that will provide simple and seamless service to the clients.
NBB will implement the Finacle Liquidity Management platform and upgrade its existing Finacle Corporate Online Banking platform to a full-fledged Digital Engagement Suite with the latest versions of the Finacle Corporate Online and Mobile Banking solutions, along with the Finacle Digital Engagement Hub.
Key Benefits of Cash Management Suite
i.The front-to-back integrated cash management solution will provide a world-class banking experience to the corporate and institutional customers, thereby driving the growth of our transaction banking business
ii.It will enable NBB manage their customer preferences and entitlements effectively across channels.
Chief executive officer– Jean-Christophe Durand
Headquarters– Manama, Bahrain
AWARDS & RECOGNITIONS
Sunil ydv SS received the Karmaveer Chakra Award of United Nations and iCONGO at ReX ConcLIVE
The Karmaveer Chakra Award instituted by the United Nations(UN) and International Confederation of NGO (iCONGO) was awarded to 23 years old Sunil Ydv SS, the founder and CEO of SS motivation channel on Telegram for his contribution to the society through “SS Motivation”, at the ReX ConcLIVE hosted at Indian Institute of Technology- Delhi(IIT-D).
Sunil Ydv SS:
i.Through the SS Motivation channel Sunil addressed various social issues and motivated numerous people.
ii.His channel achieved around 127 million views in 2019, the highest global record obtained by a telegram channel that provides solutions to social issues.
iii.He was enlisted in the Bravo International Book of World Records for having the most number of subscribers on his telegram channel.
i.He received Rastra Prerna, Iconic Personality of India, Incredible Indian Icon and Humanitarian Excellence in 2019.
ii.He also received the India Book of Records award for the “Most Popular Motivational Channel.”
He authored the book “The Secrets Behind Success”, which emphasized the success mantra of a 23-year-old boy from a small Indian town.
Karmaveer Chakra Award:
i.Karmaveer Chakra is presented as a tribute to Dr.APJ Abdul Kalam, the 11th President of India and recognises nobel laureates.
ii.Karmaveer Chakra award is a global civilian honour presented to recognise the contribution of individuals who showcase their restless courage, initiating change and exploring the less travelled life paths.
APPOINTMENTS & RESIGNATIONS
RBI Approved Sashidhar Jagdishan as Next MD & CEO of HDFC Bank; will Succeed Aditya Puri
i.The Reserve Bank of India(RBI) has approved Sashidhar Jagdishan as the next Managing Director(MD) and Chief Executive Officer(CEO) of HDFC Bank for a period of 3 years, effective from October 27, 2020 under Section 35B of the Banking Regulation Act 1949.
ii.He will succeed Aditya Puri, the bank’s longest serving CEO(26 years- since September 1994).
iii.Aditya Puri will retire on October 26, 2020, on attaining the age of 70.
About HDFC Bank:
Headquarters– Mumbai, Maharashtra
Chairman– Deepak S. Parekh
Tagline– We understand your world
<< Read Full News >>
SCIENCE & TECHNOLOGY
IIT Madras with Helyxon Developed First of Its Kind Remote Patient Monitoring Solution for COVID-19
i.Healthcare Technology Innovation Centre(HTIC) of Indian Institute of Technology Madras (IIT Madras) in partnership with Helyxon Healthcare Solutions Private Limited, a healthcare startup in IIT Madras jointly developed a first of its kind remote patient monitoring device for COVID-19.
ii.The device was engineered based on the clinical input to provide a low cost, simple and easy to use device to monitor the patients from anywhere at the hospital or home.
About IIT Madras:
Director– Bhaskar Ramamurthi
<< Read Full News >>
A health assistant robot “Rakshak” designed by the Mumbai Division of Central Railway
On July 31, 2020 the Mumbai Division of Central Railway (CR), designed a health assistant robot “Rakshak” that communicates between doctor and patient remotely.
The Robot was developed in-house at EMU (Electric Multiple Unit) car shed by Sunil Bairwa, Senior Divisional Electrical Engineer and his team in Kurla, Mumbai section of the Central Railway.The robot was handed over to Dr Babasaheb Ambedkar Memorial Hospital.
The main objective of building the robot is to avoid spreading of the COVID-19 virus among people.
The Divisional Railway Manager (DRM) Shalab Goel, CR Mumbai Division, handed over this robot to Dr Meera Arora, Chief Medical Director of the hospital at Byculla at Chhatrapati Shivaji Maharaj Terminus.
Features of the “Rakshak”
i.The Robot can measure health parameters like temperature, pulse, oxygen percentage and dispenser sanitizer automatic, infrared sensors.
ii.It can also deliver medicines and food and can make 2-way video communication between the doctors and the patients.
iii.The Robot can work upto 6 hours and can carry upto 10 Kilogram (Kg) of weight in its tray.
iv.It can move in all directions at all levels and has a remote range upto 150 meters and operates on Wi-Fi and with Android mobile applications.
About Central Railway (CR)
Headquarters – Chhatrapati Shivaji Maharaj Terminus, Mumbai, Maharashtra
Divisions– Mumbai, Bhusaval, Pune, Solapur, and Nagpur
A COVID prevention kiosk named “UV Baggage Bath” inaugurated at Bengaluru railway station
On August 3, 2020 a unique kiosk named “UV Baggage Bath” was inaugurated at the Bangalore railway station, South Western Railway, by the Senior Divisional Commercial Manager, Bengaluru Division, AN Krishna Reddy and Additional Divisional Railway Manager (Admin), Bengaluru Division, Kalyani Sethuraman.
Objective of the kiosk :- To disinfect the baggage to stop the indirect mode of COVID – 19 transmissions from the outer surfaces of travel bags to the human beings.
The proposal was implemented at KSR (Krantivira Sangolli Rayanna) Bengaluru and Yesvantpur Railway stations by M/s Optimurz Bio and IT Solutions.
About UV Baggage Bath
i.It is an enclosed chamber through which passenger luggage will be passed. The beamed Ultra Violet (UV) light from all directions disinfects the contaminations like virus, bacteria and other germs and pathogens on the outer surface of the baggage.
ii.It has been set up at the second entry (near entrance of Platform Number: 5, 6,7 & 8) of the station to sanitize the luggage of the on-board and off-board passengers.
iii.The sanitized luggage will be handed back to the passenger with a sticker certifying the sanitized luggage.
iv.The optional luggage disinfection process would be available free to the passengers for one month. After a month nominal charges will be collected based on the cost of operation and patronage.
About South Western Railway
Headquarters: Rail Soudha, Gadag Road Hubli Karnataka
Divisions: Hubli, Mysore and Bangalore
Nobel Peace Prize Winner John Hume Passed Away at 83
The Nobel Peace Prize winner(1998) and prominent Northern Ireland politician John Hume passed away at 83 in a Londonderry nursing home due to a long period of illness on August 3, 2020.He was born on January 8, 1937 in Derry(Londonderry), Northern Ireland(a part of the United Kingdom- UK).He is the only person to receive the three major peace awards(Gandhi Peace Prize, Nobel Peace Prize & Martin Luther King Award).
Key Info about John Hume
i.John Hume was the founding member of the Social Democratic and Labour Party (SDLP) in 1970 and led the party from 1979 until 2001.
ii.He shared the Nobel Peace Prize with David Trimble of the Ulster Unionist Party(UUP) for their efforts to find a peaceful solution to the conflict in Northern Ireland.
iii.They played a major role to create the Good Friday Agreement in 1998, which ended the violent conflict in Northern Ireland by bringing unionists and Irish republicans into a power-sharing government.
Few Honors- International Gandhi Peace Prize, 2001; Golden Doves for Peace Journalistic Prize, 1997; Martin Luther King Peace Award, 1999.
Padma Bhushan Awardee & Former Arunachal Pradesh Governor Ram D Pradhan passes away
On July 31, 2020 Former Arunachal Pradesh Governor and Veteran Bureaucrat Ramachandra Dattatraya Pradhan (R.D.Pradhan) passed away at the age of 92 in Mumbai. He was born on 27th June, 1928.
He joined as IAS officer in the erstwhile Bombay State in 1952. He has served positions in Gujarat, Maharashtra also. He has held the position of Home Secretary & Chief Secretary of Maharashtra.
- Governor of Arunachal Pradesh – March 1987 – March 1990.
- Home Secretary of India – January 1985 – June 1986.
- India’s Resident Representative in Geneva to UNCTAD and GATT : 12 years
- International civil servant : 5 years
- He also won a seat in Maharashtra Legislative Council in June 1990 on a Congress ticket.
- On 1st May, 1960 he joined Y B Chavan, Chief Minister of the newly formed state of Maharashtra, as his private secretary.
- He was appointed as Maharashtra’s Home Secretary in March 1977.
- R D Pradhan is a recipient of Padma Bhushan, third highest civilian award of India in 1987.
- He was chairman of the High-level Enquiry Commission for November 26, 2008 Mumbai Terror Attacks.
- One of the chief architects in drafting of peace accords in Punjab, Assam and Mizoram.
- He has authored several books and is a prolific writer. Some of his books are “Working with Rajiv Gandhi”, “1965 War, the Inside Story: Defence Minister Y.B. Chavan’s Diary of India-Pakistan War”
Government of AP Signs MoU with Hindustan Unilever Ltd, P&G and ITC to Support Economic Empowerment of Women
i.On 3rd August 2020, The state government of Andhra Pradesh(AP) signs a memorandum of Understanding(MoU) with three International FMCG (Fast-moving consumer goods) companies- Hindustan Unilever Ltd (HUL), ITC ltd., and Procter and Gamble (P&G) to provide marketing and technological support for the economic empowerment of the women and to make them self-reliant.
ii.AP is set to launch two schemes YSR Cheyutha and YSR Asara to support the empowerment of women.
About Andhra Pradesh:
Chief Minister– Y. S. Jaganmohan Reddy
Governor– Biswa Bhusan Harichandan
<< Read Full News >>
DNHDD Launched E-Gyan Mitra Mobile Application for Online Education
The Education department of Daman Administration launched the E-Gyan Mitra mobile application developed by the administration of Dadra and Nagar Haveli and Daman and Diu (DNHDD) to support students for their online education of the Union Territory of DNH and DD .
i.The application provides a platform for online classes, where the teachers can post the videos of lectures and conduct tests for the students from primary to higher secondary classes.
ii.Using the mobile application the teachers can monitor the progress of the students who are at home amid COVID-19 pandemic.
iii.The application supports multiple languages – English, Hindi, Gujarati and Marathi.
About Dadra & Nagar Haveli and Daman & Diu(DNHDD):
Administrator– Praful Patel
Two-day international webinar on ‘Lokmanya Tilak – Swaraj to Self-Reliant India’: ICCR
Union Home Minister Amit Shah has inaugurated a two-day international webinar on the theme of ‘Lokmanya Tilak – Swaraj to Self-reliant India’ in New Delhi,which was organized by the Indian Council for Cultural Relations(ICCR) on the 100th death anniversary of the great freedom fighter Lokmanya Bal Gangadhar Tilak(August 1, 2020).
Axis Bank unveils AXAA ,an AI powered conversational banking IVR
Axis Bank has partnered Bengaluru startup Vernacular.ai,an AI-based SaaS voice automation platform,to deploy multi-lingual BOT AXAA on its phone banking Interactive voice response (IVR) which helps to increase automation in customer service.
About Axis Bank:
Headquarters– Mumbai, Maharashtra
Managing Director and Chief Executive Officer– Amitabh Chaudhry
Current Affairs Today (AffairsCloud Today)
|S.no||Current Affairs 5 August 2020|
|1||MoD releases draft Defence Production and Export Promotion Policy 2020; aimed at $5 bn export by 2025|
|2||IIT Kanpur and DAR & PG sign agreement with MoD for using AI, ML to address grievances|
|3||Listed entities get 3 years to meet criteria of minimum 25% public shareholding|
|4||Four more States/UTs linked with One Nation One Ration Card scheme; taking total to 24|
|5||For the 1st time in India Railways uses NTC machine for track construction|
|6||Canara Bank Partnered with 3 insurers to Provide Individual Short-Term Corona Kavach Policy|
|7||National Bank of Bahrain Selects Infosys Finacle to Digitally Transform its Transaction Banking Business|
|8||Sunil ydv SS received the Karmaveer Chakra of United Nations and iCONGO at ReX ConcLIVE|
|9||RBI Approved Sashidhar Jagdishan as Next MD & CEO of HDFC Bank; will Succeed Aditya Puri|
|10||IIT Madras with Helyxon Developed First of Its Kind Remote Patient Monitoring Solution for COVID-19|
|11||A health assistant robot “Rakshak” designed by the Mumbai Division of Central Railway|
|12||A COVID prevention kiosk named “UV Baggage Bath” inaugurated at Bengaluru railway station|
|13||Nobel Peace Prize Winner John Hume Passed Away at 83|
|14||Padma Bhushan Awardee & Former Arunachal Pradesh Governor Ram D Pradhan passes away|
|15||Government of AP Signs MoU with Hindustan Unilever Ltd, P&G and ITC to Support Economic Empowerment of Women|
|16||DNHDD Launched E-Gyan Mitra Mobile Application for Online Education|
|17||Two-day international webinar on ‘Lokmanya Tilak – Swaraj to Self-Reliant India’: ICCR|
|18||Axis Bank unveils AXAA ,an AI powered conversational banking IVR|