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Important Current Affairs 31st August 2020

National

NITI Aayog Launches Nationally Determined Contributions (NDC)–Transport Initiative for Asia (TIA) India Component

• NITI Aayog virtually launched the India Component of the Nationally Determined Contributions (NDC)–Transport Initiative for Asia (TIA) on 27 August 2020.

• The NDC–TIA is a joint programme supported by the International Climate Initiative (IKI) of the German Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) to promote a comprehensive approach to decarbonize transport in India, Vietnam, and China.

Piyush Goyal Attends 8th East Asia Summit (Economic Ministers’ Meeting)

• 8th East Asia Summit Economic Ministers’ Meeting (EAS-EMM) was held virtually which was attended by Economic Ministers from the ten ASEAN Member States, Australia, China, India, Japan, Republic of Korea, New Zealand, the Russian Federation and the United States.

• The Meeting was chaired by Tran Tuan Anh, Minister of Industry and Trade of Viet Nam. From Indian side it was attended by Piyush Goyal, Minister of Railways and Minister of Commerce and Industry.

• During the meet discussions were held to accelerate economic growth, maintain supply chains and market stability, and strengthen the economic resilience of the EAS region post C-19.

CISF launches Pension Corner mobile app

• The Central Industrial Security Force (CISF) has introduced the Pension Corner mobile app. the Pension Corner app will help to fulfil the needs of all its retired personnel.

• The app has been made as part of an e-office initiative and has been introduced in the wake of the C-19 disease.

Banking and Economy

Reliance Retail to acquire Future Group's retail, wholesale businesses for Rs 24,713 crore

• Reliance Retail Ventures Limited (RRVL) announced on August 29, 200 that it is acquiring the retail, wholesale business, logistics and warehouse business of Future Group for Rs 24,713 crore.

• The announcement has come amid ongoing concerns on a slump sale basis for lumpsum aggregate consideration. Reliance Retail will be buying the businesses from the Future Group for Rs 24,713 crore, subject to adjustments as set out in the composite scheme of arrangement.

• The acquisition is a part of Future Group's decision of merging certain companies and carrying on the businesses into Future Enterprises Limited (FEL). Reliance Retail Ventures Limited is a subsidiary of Reliance Industries Limited.

•  Under the new acquisition agreement, Reliance Retail and Fashion Lifestyle Limited will be taking over the retail and wholesale undertaking of Future Group.

Obituary

‘Black Panther’ star Chadwick Boseman passes away at 43

• American actor Chadwick Boseman, who became a global icon for his role as Black Panther in the hit Marvel superhero franchise, has passed away after battling cancer since past four years from 2016.He was 43.

• Chadwick made his Marvel superhero debut as T’Challa/Black Panther in 2016’s Captain America: Civil War, after which he became a household name.

• He made his big-screen debut in 2008 in the biopic The Express: The Ernie Davis Story where he played Floyd Little.

‘Scooby Doo’ Co-Creator Joe Ruby Passes Away at 87

• Joe Ruby, the co-creator of the cartoon series Scooby-Doo, has passed away due to natural cause. He was 87.

• Ruby, an American animator, television editor, writer, and producer, created the much-loved characters of beloved kids show Scooby-Doo, along with his creative partner Ken Spears.

• Together, the pair started their own production company Hanna-Barbera Productions and created other memorable cartoons as well.

Sports

India’s first: Joint champions in chess Olympiad

• India and Russia have been jointly annouced the winner of first-ever FIDE Online Chess Olympiad 2020. This was the first time FIDE was holding the Olympiad in an online format.

• India were initially declared to have lost the final round against Russia. Two Indian players (Nihal Sarin and Divya Deshmukh) were declared to have lost on time in the final round after an apparent loss of internet connection for them.

• After this, FIDE President Arkady Dvorkovich had made a decision to give gold medals of to both teams.

Lewis Hamilton wins F1 Belgian Grand Prix 2020

• Lewis Hamilton (Mercedes-Great Britain) has won the Formula One Belgian Grand Prix 2020 held on August 30, 2020. This was his 5th win of the season.

• Valtteri Bottas (Mercedes-Finland) came second followed by Max Verstappen (Red Bull – Netherlands) at third place.

Appointments and Resignations

Banks Board Bureau recommends Dinesh Kumar Khara as next SBI chairman

• The Banks Board Bureau (BBB) recommended SBI’s senior-most managing director Dinesh Kumar Khara as the next chairman of the country’s largest lender.

• Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on October 7.

Ranking

Amul (16th) becomes first Indian dairy company to be in Rabobank’s Global Top 20 list; Top- Nestle

• Amul, Gujarat Cooperative Milk Marketing Federation (GCMMF) has been ranked 16th in the Rabobank’s Global Top 20 Dairy Companies list. Amul has achieved an annual turnover of $5.5 billion.

• Switzerland’s Nestle topped the list with a turnover of US $22.1 billion. Amul is the first Indian company to enter the top 20 ranking of Rabobank’s Global Top 20 Dairy Companies list.

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