Top Best Current Affairs 8 August 2020

On August 5, 2020 Karnataka's Medical Education Minister Dr. K Sudhakar inaugurated India's first Reverse Transcription Polymerase Chain Reaction (RT- PCR) COVID-19 mobile Lab approved by the Indian Council of Medical Research (ICMR). The mobile lab is called the Mobile Infection Testing and Reporting lab (MITR) which was developed by the Indian Institute of Science (IISC) in Bengaluru and handed over to Rajiv Gandhi University of Health Sciences (RGUHS) in Bengaluru.

On 2nd August 2020, Malayalam film 'Moothon' and National Award winning documentary 'Son Rise' won awards at the 20th edition of New York Indian Film Festival (NYIFF) of Indo-American Arts Council (IAAC) which was conducted as a virtual event with the celebrities of the film industries and award winners participating from all across India and the United States.

The famous Journalist and Author, Yatish Yadav wrote a new book titled, "RAW (Research and Analysis Wing): A History of India's Covert Operations", narrates the heroic operations carried out by the Indian external spy agency, RAW has been published by Westland Publications and is available in Amazon and other bookstores in India.

Oman India Joint Investment Fund(OIJIF) II acquired 5.07 million (50,69,903) shares or 1.63% stake in DCB Bank Limited(DCB Bank)through a block trade (bulk deal) on stock exchanges. The stake is valued at Rs 42 crore.The shares were purchased at an average price of Rs 81.90 valuing the transaction at Rs 41.52 crores.

On August 6, 2020, Airtel Payments Bank has entered into a partnership with Bharti AXA General Insurance to offer the latter's affordable and newly launched shop insurance product namely "Smart Plan Shop Package Policy" for financial protection of the bank's retailers and merchants.The policy will provide financial protection in case of damage to assets inside the shop due to fire and allied perils and burglary, among others, as covered in the product.

On August 5, 2020, India has extended the Line of Credit (LoC) worth US$18 million to the Government of Maldives for the expansion of fishing facilities at Maldives Industrial Fisheries Company (MIFCO) based in Felivaru, Lhaviyani Atoll, through the development of fish collection and storage facilities, and the setting up of a tuna cooked plant and fishmeal plant.

On 5th August 2020, Punjab Chief Minister Amarinder Singh launched the 'Pride of Punjab' programme through video conferencing.The programme is a partnership programme between the Department of Youth Services and Sports and YuWaah - a joint initiative of UNICEF, other UN agencies, civil society organisations and the private sector.

In accordance with the report by the Asian Development Bank (ADB) published on August 3, 2020, if the economic impact of Covid-19 persists throughout the year then global remittances may fall by $108.6 billion in 2020.Migrant workers are in extreme situations while many others are facing scant job security and limited access to social assistance. In the last three months of the outbreak, global remittances will fall by $108.6 billion in 2020. This is equivalent to an 18.3% decline from what would have been expected without the impact of Covid-19.