Top Best Current Affairs 21 August 2020

On August 18, 2020, Reserve Bank of India (RBI) released the "Framework for authorisation of pan-India Umbrella Entity for Retail Payments" on the lines of the feedback received on the "draft framework for authorisation of a pan-India New Umbrella Entity for Retail Payment Systems" which was placed on Reserve Bank's website on February 10, 2020 for public comments.

On August 18, 2020, the Reserve Bank of India (RBI) released a draft framework for grant of recognition to an industry association as a Self-Regulatory Organisation (SRO) for Payment System Operators (PSOs). This draft framework is released on the lines of an announcement in the Statement on Developmental and Regulatory policies issued as part of the Monetary Policy statement dated February 6, 2020. The framework is placed for public comments till September 15, 2020.

Fino Payments Bank Limited(Ltd) launched Jan Bachat Khata (JBK), an Aadhaar authentication based digital savings account for its customers. JBK will bring neo-banking experience to the consumers.

On 17th August, 2020 Filmmaker-actor Nishikant Kamat passed away at the age of 50 due to multiple organ failure at the AIG Hospitals, Hyderabad. He was suffering from Liver Cirrhosis for the last two years.

Luis Rodolfo Abinader Corona has been sworn in as the 54th President of Dominican Republic. Luis Rodolfo Abinader is a businessman who has never held any other elected office. He succeeds Danilo Medina of Liberation Party.

On 18th August, 2020, All India Football Federation(AIFF) signed an Memorandum of Understanding(MoU) with International Professional Scouting Organization (IPSO) to conduct online Scouting Workshops throughout India.

On 18th August 2020, Ravi Shankar Prasad, Union Minister of Law & Justice, Communications and Electronics & Information Technology launched the "Swadeshi Microprocessor Challenge- Innovate Solutions for #Aatmanirbhar Bharat" to provide a strong ecosystem of startups, innovation and research in India.

Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired 60% equity stake in Vitalic Health Pvt Ltd(Vitalic) and 100% direct equity ownership of its subsidiaries namely Tresara Health Private Limited, Netmeds MarketPlace Limited and Dadha Pharma Distribution Pvt Limited(collectively known as Netmeds)for a cash consideration of around Rs 620 crore(USD 83.08 million). The deal values Netmeds around Rs 1,000 crore.