Top Best Current Affairs 27 August 2020 (3)

ICICI Bank uses satellite data(imagery from Earth observation satellites) to assess credit worthiness of farmers. ICICI Bank has become the 1st bank in India to use such a technique to measure an array of parameters related to the land, irrigation and crop patterns and use it in combination with demographic and financial parameters to make quick lending decisions for farmers.

On August 24, 2020 Multi-Commodity Exchange of India Ltd (MCX), India's first listed, national-level, electronic exchange, launched futures trading on the country's first tradeable real-time bullion index, MCX iCOMDEX Bullion , or Bulldex. The index will track the real-time performance of the gold (1kg) and silver (30kg) futures contracts, the flagship future products on the Exchange.

On August 24, 2020, IT (Information Technology) services major Tech Mahindra has joined hands with NITI (National Institution for Transforming India) Aayog's Women Entrepreneurship Platform (WEP) to support Indian women entrepreneurs.

The final report of the NITI (National Institution for Transforming India) Aayog Task Force headed by Ramesh Chand, Niti Aayog Member(Agriculture), "Sugarcane and Sugar Industry" recommended linking of Sugarcane prices to sugar rate to maintain the financial state and stability of the industry and to clear the arrears of the sugarcane farmers.