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Current Affairs 10 August 2020
Daily Current Affairs 10 August 2020: We have collected the latest current affairs for 10 August 2020 that are important for all competitive exams like Bank, SSC, IBPS, SBI exams. The GK current affairs will help you score more in these competitive exams. Improve your general knowledge with our daily online current affairs. You can also read the daily current affairs on our mobile app.
National News
PM Modi launches financing facility worth Rs. 1 Lakh Crore under Agriculture Infrastructure Fund
- Prime Minister Shri Narendra Modi launched a new Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund worth Rs 1 lakh crore, during an event conducted through video conference on 9 August 2020.
- To begin with, PM Modi made the first sanction of over Rs. 1000 Crore to over 2,280 farmer societies under the new facility.
- The Agriculture Infrastructure Fund was approved by the cabinet on 8 July 2020.
- Read more about the Agriculture Infrastructure Fund
- PM also released the 6th installment under the PM-KISAN scheme of Rs. 17,000 Crore to nearly 8.5 Crore farmers directly to their Aadhaar verified bank accounts. With this transfer, the scheme has provided over 90,000 Crore to more than 10 Crore farmers since the launch of PM_KISAN on 01 December 2018.
Defence Minister Rajnath Singh announces import ban on 101 defence items
- The Defence Minister Rajnath Singh has announced that the Department of Military Affairs (DMA), Ministry of Defence (MoD) has prepared a list of 101 defence items for which there would be restriction on the import, beyond the timeline indicated against them.
- This step has been taken to boost indigenisation of defence production in India and push the country towards becoming Aatmanirbhar Bharat.
- The embargo on imports is planned to be progressively implemented between 2020 and 2024.
- In addition to this, the defence ministry has also bifurcated the capital procurement budget for the financial year 2020-21 between domestic and foreign capital procurement routes.
- For the current fiscal, a separate budget head has been created for domestic capital procurement, with an outlay of nearly Rs 52,000 crore.
Delhi Airport Launches Online Portal ‘AIR SUVIDHA’ for India-bound International Passengers
- The Delhi International Airport Limited (DIAL), a GMR Group-led consortium, has developed a first-of-its-kind web portal named ‘AIR SUVIDHA’.
- This portal is meant for India-bound international arriving flyers, to enable them to fill the mandatory self- declaration form. Eligible passengers can also apply online for exemption from mandatory institution quarantine process. This facility is going to help hundreds of AP bound passengers.
- The AIR SUVIDHA portal will make traveling contactless as the passengers won’t have to fill physical copies of self declaration and quarantine exemption forms when they arrive in India.
- India is all set to participate in the Russian Kavkaz 2020 (Caucasus-2020) strategic command-post exercise to be held in September 2020.
- A tri-service Indian contingent comprising 150 personnel from Army, Air Force and Navy will head to Astrakhan in Southern Russia for the exercise.
- The exercise is scheduled to be held in September 15-26.
- Around 18 countries are supposed to take part in KavKaz 2020, including countries from Central Asian Republics who are part of SCO as well as China, Iran, Pakistan and Turkey.
- The main objective of the exercises is development of techniques and systems for opposing cruise missiles and the general use of low-speed and small-sized UAVs.
Banking & Economy
IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares
- Private sector lender IndusInd Bank has acquired 7.82 percent stake in battery maker Eveready Industries by invoking pledged shares following loan default.
- The bank invoked pledge on 56,83,320 shares which constituted 7.82 percent of paid-up equity share capital of Eveready Industries.
- As per the information, the equity shares of Eveready Industries India Ltd. held by Williamson Magor and Co. Ltd were pledged with the IndusInd bank for securing the outstanding dues of Seajuli Developers & Finance Limited (Seajuli), the borrower company.
Appointment
Mahinda Rajapaksa takes oath as Sri Lanka’s Prime Minister for 4th Time
- Sri Lanka’s former President Mahinda Rajapaksa took oath as the country’s Prime Minister on 9 August 2020, after his party secured a landslide victory in the parliamentary elections on 5 August, 2020.
- This this the fourth time that the 74-year-old Sri Lanka People’s Party (SLPP) leader has been appointed as the PM of Sri Lanka.
- Prior to this, Mahinda Rajapaksa was first elected prime minister in 2004 and again appointed for brief periods in 2018 and 2019.
- He has also served as the island nation’s president from 2005 to 2015.
- Mahinda Rajapaksa was administered the oath of office for the ninth Parliament by his younger brother and President Gotabaya Rajapaksa at a historic Buddhist temple, Rajamaha Viharaya in Kelaniya, a north Colombo suburb.
Important Days
World Biofuel Day: 10 August
- The International Biofuel Day (World Biofuel Day) is observed every year on August 10 to raise awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and highlight the various efforts made by Government in the biofuel sector.
- The Day is being observed by the Ministry of Petroleum & Natural Gas since 2015.
- The theme for 2020 World Biofuel Day is ‘Biofuels Towards Atmanirbhar Bharat’