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Important Current Affairs 20th August 2020


Cabinet approves setting up of National Recruitment Agency

• The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal to set up a National Recruitment Agency (NRA).

• NRA will be the nodal agency to conduct the Common Eligibility Test (CET) for jobs in the government and state-owned banks. 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).

• The NRA will hold online exams every year for non-gazetted government posts and each district will have at least one exam centre. The score in these exams would be valid for three years and the candidate would have the option of taking the exam again to improve the score. The best of the three scores would be used during the selection process.

Banking and Economy

Fino Payments Bank launches Jan BachatKhata

• Fino Payments Bank has launched Jan BachatKhata (JBK), which is an Aadhaar Authentication based digital savings account that brings neo-banking experience to consumers.

• Under the JBK, customers can transact at a Fino branch or merchant point with fingerprint and OTP combination, while at non-Fino points they need Aadhaar authentication.

• Earlier, Fino Payments Bank had introduced Shubh and Bhavishya, subscription-based savings accounts targeted at specific customer segments.

• Neo bank means– A bank without any branches. A bank that is entirely online rather than being physical. Neo banking provides complete digital banking experience through mobile applications.

Acquisitions and Mergers

Reliance Retail acquires majority stake in online pharmacy Netmeds for Rs 620 crore

• Reliance Retail Ventures Ltd (RRVL), the subsidiary company of Mukesh Ambani owned Reliance Industries Limited (RIL) has acquired a majority equity stake in online pharmacy Vitalic Health Pvt Ltd and its subsidiaries (commonly known as Netmeds) for a cash consideration of around Rs 620 crore ($83.08 million).

• The announcement regarding this was made by the Reliance Industries Limited (RIL). Reliance Retail Director Isha Ambani stated that the deal is in line with the commitment to provide digital access to all in the country.

• Chennai-based Netmeds is a licensed e-pharma portal, incorporated in 2015, that offers authenticated prescription and over the counter (OTC) medicine along with other health products in India.


Computer Scientist Russell A. Kirsch, who Invented Pixel, passes away

• Computer scientist Russell A. Kirsch, the inventor of the pixel, and developer of the first digital photograph. has passed away. He was 91 years old.

• His pioneering contributions to computer science made digital imaging possible.

• He created a small, 2-by-2-inch black-and-white digital image of his son, which was among the first images ever scanned into a computer. Pixels are the digital dots that are used to display photos, video and more on phone as well as computer screens.


England World Cup winner Laura Marsh retires

• England World Cup winner all-rounder, Laura Marsh has announced her retirement from all forms of cricket. She was a key member of the England Women’s team that won the 2017 World Cup.

• Marsh had played in 103 one-day internationals, 67 T20 and 9 Test matches during her career.

Appointments and Resignations

Rohit Sharma appointed Oakley’s brand ambassador in India

• Sports eyewear brand “Oakley” has appointed Indian cricketer, Rohit Sharma as its brand ambassador for a period of two years in India.

• With this appointment, Sharma joins the likes of athletes such as Virat Kohli, Yuvraj Singh and Milind Soman who have endorsed the brand before.


Indian Akshay Urja Day 2020

• 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.

• This day marks the birthday anniversary of Rajiv Gandhi, former Prime Minister of India.

World Mosquito Day

• World Mosquito Day is observed on 20 August annually to raise awareness about the causes of malaria and how it can be prevented.

• The day also commemorates the discovery made by British doctor Sir Ronald Ross in 1897 that female mosquitoes transmit malaria between humans.

Sadbhavana Diwas

• 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.

World Photography Day

• The World Photography Day is celebrated on 19 August every year to promote photography as a hobby and also inspire photographers around the globe to share a single photo with the rest of the world.

• The first official World Photo Day was observed on August 19, 2010.

• The origin of World Photo Day comes from the invention of the Daguerreotype, a photographic process developed by Frenchmen Louis Daguerre and Joseph Nicephore Niepce in 1837.

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