Top Best Current Affairs 28 August 2020

In accordance with the data provided by the Ministry of Finance to the Rajya Sabha, as of March 31, 2020, women in Tamil Nadu topped the list of loan benefit under Pradhan Mantri Mudra Yojana (PMMY) by availing Rs 58,227 crore loan. They are followed by women in West Bengal (Rs 55,232 crore), Karnataka (Rs 47,714 crore), Bihar (Rs 44,879 crore) and Maharashtra (Rs 42,000 crore).

On 26th August 2020, NITI Aayog in partnership with Institute of Competitiveness released the Export Preparedness Index (EPI) 2020, this is the first report to examine export preparedness and performance of the states of India. Gujarat was identified as the top performing state in the category of Coastal state and also topped the Overall rankings.

Axis Bank, India's third-largest private sector bank, has introduced 'Liberty Savings Account' for the Indian Youth, to address the ever changing lifestyle needs of young and digitally interested Indians. It offers a complimentary hospital cash insurance cover of upto Rs 20,000 per year, which covers hospital expenses incurred under COVID -19, which makes this a 1st of its kind savings account to cover the pandemic.

On 25th August 2020, Indian Space Research Organisation (ISRO) signed a Memorandum of Understanding(MoU) with Veer Surendra Sai University of Technology (VSSUT), Burla, Odisha, a technical institute, to set up the first of its kind innovation cum incubation centre, VSSUT Space Innovation Centre(VSSSIC) in India to promote space research.

On August 27, 2020, the finance Minister Nirmala Sitharaman chaired the 41st GST Council meet. The council discussed states' compensation and revenue losses. What is GST Compensation? As a part of GST reforms, GST Compensation Cess was introduced through GST (Compensation to States) Act, 2017. The cess was levied on inter and intra state supply.

Haryana employment department signed a Memorandum of Understanding (MoU) with M3M Foundation, the philanthropic arm of M3M Group to facilitate students' online preparation, training and mentoring for entrance examinations of government jobs.

On August 25, 2020 the African Continent was declared free of wild polio by the independent body, the Africa Regional Certification Commission(ARCC), which is responsible for certifying the eradication of wild poliovirus in the World Health Organization (WHO) African Region.

On August 26th, 2020 Karnataka Chief Minister B. S. Yediyurappa addressed a virtual Indo-Japan business forum organised by the Indian Chamber of Commerce (ICC). The Chief Minister also signed a Japan-India Start-up Initiative to promote start-ups in the State. The Government of Karnataka has set up a 519 acres Japanese Industrial Township at Vasanthanarasapura near Tumakuru to enable more Japanese investments in the state.