Current Affairs 2020

Dear Readers,

This post contains important current affairs of 8 July 2020. It includes all Major National, International, Business and Sports related current affairs of 8 July 2020. We have collected the latest current affairs and compiled them date wise. These current affairs 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. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 8 July 2020 Current affairs test.

Assam’s Dehing Patkai Wildlife Sanctuary to get national park status
The state government has decided to upgrade the Dehing Patkai Wildlife Sanctuary into a national park. Dehing Patkai will be the 6th national park in Assam. The other five are Kaziranga, Nameri, Manas, Orang and Dibru-Saikhowa.

NHRC sets up panel to assess Covid-19 impact on human rights
The National Human Rights Commission has constituted an 11-member expert committee to study impact of Covid-19 on human rights and future response of the government.

US to formally withdraw from WHO in 2021
The U.S. has sent a letter officially notifying the United Nations that it is leaving the World Health Organization, starting the formal process of withdrawal that President Trump first started in April when he halted funding to WHO.

India funded new school infrastructure inaugurated in Nepal
A new four-storey school building built with Indian assistance of Rs 1.94 crore for students pursuing both vedic and modern education was inaugurated in Nepal’s Ilam district, according to the Indian embassy.

YES Bank launches instant loan disbursement facility
Private sector lender YES Bank has launched a solution for instant disbursement of retail
loans for the bank’s pre-approved liability account holders. Called Loan in Seconds, the algorithm assesses a loan application in real-time and eliminates the need for documentation.

Maruti Suzuki Partners With Axis Bank For Easy Car Loan Schemes
India’s largest car maker Maruti Suzuki India Ltd. has collaborated with private lender Axis Bank Ltd. to offer easy vehicle financing for car buyers. Under the partnership, Axis Bank will offer a variety of options to customers, including 100% on-road funding for salaried customers for eight years, step-up EMI scheme starting at Rs 1,250 per lakh and balloon EMI scheme with final EMI being 25 per cent of loan amount. Customers can also choose low equated monthly installment (EMI) scheme for first three months starting with Rs 899.

Fino Payments Bank launches ‘Bhavishya’ savings account for minors
Fino Payments Bank Limited announced the launch of a savings account scheme for minors aged between 10-18 years. Bhavishya’, a subscription-based savings account, can be opened by paying a nominal amount. The bank will initially introduce the Bhavishya savings account in UP, Bihar, and MP and gradually in other states. The Bhavishya savings account can be used to get benefits of various government schemes for children such as scholarship and DBT (direct benefit transfer) subsidy amount. Benefits of Bhavishya savings account includes, no minimum account balance requirement and a free debit card, which can be used at ATMs only to withdraw cash with Aadhaar authentication.

Paytm, CEO Sharma to acquire general insurer Raheja QBE for Rs 568 crore
Paytm and the firm’s Chief Executive Vijay Shekhar Sharma (pictured) will acquire Raheja QBE General Insurance for nearly Rs 568 crore to expand the digital payments company’s financial services. Paytm will acquire Prism Johnson’s 51 per cent and QBE Australia’s 49 per cent stake in Raheja QBE to become 100 per cent owner. The acquisition is expected to close by March 31 next year, subject to approvals from the Insurance Regulatory and Development Authority of India and other regulators.

Karur Vysya Bank in corporate agency pact with Bajaj Allianz Life
Karur Vysya Bank, an old private sector bank, has signed up a corporate agency partnership with Bajaj Allianz Life to offer life insurance solutions to its customers.

AIIB extends $50 mn loan to L&T Infra Finance for Renewable Energy
Asian Infrastructure Investment Bank (AIIB) has released $50 million in the first tranche of assistance to L&T Infrastructure Finance Ltd for funding Renewable Energy projects in the country. The Bejing-based a multilateral development bank, which invests in sustainable infrastructure, has sanctioned total $100 million loan to unit of L&T Finance Holdings. This is AIIB’s first loan to a non-banking financial company (NBFC) in India.

Aditya Birla Sun Life Mutual Fund launches voice-based services via Google Assistant
Aditya Birla Sun Life Mutual Fund (ABSLMF) has launched voice-based services for its investors with Google Assistant. The voice assistant acts as a 24X7 interface for investors to interact with the fund house, to address their various service requests such as portfolio valuations, account statement, capital gains statement etc. The Google voice assistant uses the latest in AI and NLP to provide a simple conversational experience and provide the relevant solution. The fund house also has plans to be soon available on other voice assistant platforms such as Amazon’s Alexa and Apple’s Siri.

IOC receives Green Building Leadership Award
The International Olympic Committee (IOC) announced that its new headquarters in Lausanne has been awarded the European 2020 US Green Building Council (USGBC) Leadership Award.

Vasudeva Maiya, former CEO of Guru Raghavendra Bank passes away
Vasudeva Maiya, former CEO of Sri Guru Raghavendra Co-operative Bank passed away.
He found dead in his car in Bengaluru.

Goa’s former health minister Dr Suresh Amonkar passes away
Former health minister of Goa, Dr Suresh Amonkar, passed away due to Covid-19 infection. Dr Amonkar was also the ex-president of the Goa unit of the Bharatiya Janata Party (BJP).