Table of Contents
Current Affairs:
- The establishment of “National Recruitment Agency” has received the Union Cabinet’s approval.The National Recruitment Agency (NRA) will result in transformational reform in the recruitment process for central government jobs.NRA will comprise of representatives of Ministry of Railways, Ministry of Finance/Department of Financial Services, the SSC, RRB as well as IBPS.NRA is expected to be a specialist body which will offer the state-of-the-art technology and best practices to the field of Central Government recruitment.A sum of Rs. 1517.57 crore has been sanctioned by the Government of India for the National Recruitment Agency (NRA)
- Luis Rodolfo Abinader Corona has been sworn in as the 54th President of Dominican Republic.He succeeds Danilo Medina of Liberation Party.Abinader’s Modern Revolutionary Party (PRM) won the elections with 53% vote, while Gonzalo Castillo who was the candidate of the ruling PLD got 37.7%.
- Lakshmi Vilas Bank (LVB) has launched LVB DigiGo, a digital initiative to enable the opening of savings account instantly.LVB’s new initiative will help people to avail the most required banking services instantly through the website.As a Lakshmi DigiGo customer, one can visit the nearest LVB Branch and convert his/her “Lakshmi DigiGo”, account to a fully-featured regular account of choice and avail cheque book, debit card and a host of other facilities.
- ‘Loan against Securities’ is an unique digital solution launched by the YES Bank under its loan in seconds platform.“Loan against Securities” will enable customers to avail loan facility against the securities that they hold.The securities eligible under the “Loan against Securities” facility are: Shares, Equity & Debt Mutual Funds, Kisan Vikas Patra (KVP), Fixed Maturity Plans (FMP), Insurance policies issued by LIC and select Private Insurance Companies, Non-Convertible Debentures (NCD), Tax free Bonds (RBI, NABARAD, NHAI, PFC, IRFCL, HUDCO, IIFCL, NHB, REC, and IREDA).
- The Asian Development Bank (ADB) has approved a USD 1 billion (Rs 7,485 crore) loan to construct the modern, high-speed 82-kilometre (Delhi – Meerut) Uttar Pradesh Regional Rapid Transit System (RRTS) in India.The transit system project aims to help decongest the city and improve regional connectivity by establishing transit options through densely populated sections of the NCR connecting Delhi to Meerut in Uttar Pradesh.
- Muthoot Finance has tie-up with Kotak Mahindra General Insurance to offer COVID-19 insurance cover of up to Rs 1 lakh against the gold loan.The company will be providing complimentary COVID-19 insurance cover to their eligible customers through Muthoot Finance Ayush Gold Loan, an exclusive initiative of Muthoot Group.This specific cover will only be available for the customers opting to avail gold loan under the Super Loan scheme.
- Every year on 20th August, the birth anniversary of Rajiv Gandhi is celebrated as Sadbhavana Diwas or Harmony Day.This year on 20th August 2020, we are going to celebrate the 76th birth anniversary of former Prime Minister Rajiv Gandhi.The Indian National Congress instituted Rajiv Gandhi Sadbhavana Award in 1992, a year after his death.
- Indian Akshay Urja Day or Renewable Energy Day is observed on 20th August every year.Indian Akshay Urja is observed to mark the importance of renewable energy resources in India. India’s government is aware of the importance of development or renewable energy sources to provide the state with a sustainable amount of energy.It is significant to promote awareness about renewable resources among people who are ignorant about the subject.
History on the Date:
- (1920) American Professional Football Association forms; Jim Thorpe installed as president; later to become the National Football League (NFL)
- (1974) Fakhruddin Ali Ahmed is elected fifth President of India
- (1979) India premier Charan Singh resigns
- (2000) PGA Championship Men’s Golf, Valhalla GC: Tiger Woods becomes first since Ben Hogan (1953) to win 3 majors in a calendar year; wins back-to-back PGA titles in 3-hole playoff with Bob May