20 August 2015 Current Affair Updates | Daily GK Download

1. Union Finance Minister Arun Jaitley has launched two funds by Small Industries Development Bank of India (SIDBI), a fund of funds with total corpus of Rs 12,000 crore. The funds are Rs 2,000-crore India Aspiration Fund (IAF) and SIDBI Make In India Loan For Enterprises (SMILE) scheme with an investment size of Rs 10,000 crore. 

2. The State Bank of India has launched its mobile wallet — State Bank Buddy — in collaboration with Accenture and MasterCard. The mobile wallet app is available in 13 languages on Google Play Store.The bank said the wallet will soon be available in the Apple App Store as well.
20 August 2015 Current Affair Updates | Daily GK Download
20 August 2015 Current Affair Updates | Daily GK Download
3. The Indian government's recent steps to support the capitalisation of public sector banks won't fully resolve their looming capital shortfall, according to a Standard & Poor's report. The government has recently announced its plan to allocate capital to each of the banks for fiscal 2016-2019 (ending March 31), increase the capital allocation for fiscal 2016, and commit to further allocation in the next few years if needed. The government has earmarked Indian rupee (INR) 0.7 trillion (US$11 billion) for capital infusions for 2016-2019.
4. Islamic leaders from 20 countries who have gathered at the International Islamic Climate Change Symposium in Istanbul, Turkey, issued a ‘Declaration on climate change’ which calls for phasing out of greenhouse gas emissions. The declaration, replete with quotes from the Qur’an, calls upon the world, particularly the 1.6 billion Muslims, to protect the planet from being destroyed by human activity.
5. A NASA spacecraft has confirmed for the first time that the Moon’s thin atmosphere contains neon, a gas commonly used in electric signs on Earth because of its intense glow. There’s not enough neon to make Moon visibly glow because the Moon’s atmosphere is extremely tenuous. A dense atmosphere like Earth’s is relatively rare in our solar system because an object has to be sufficiently massive to have enough gravity to hold onto it.
6. To fund the unfunded, the Finance Ministry plans to launch a month long campaign for loans under Pradhan Mantri Mudra Yojana and hopes to double loan disbursement to the small business sector to over Rs 1 lakh crore during the fiscal.
7. The Life Insurance Corporation (LIC), the major player in the insurance sector launched its new endowment plus ULIP product. Mr B K Panda, Sr Divisional Manager LICI, Guwahati, along with Mr S Biswas, Manager Sales officially launched the policy.
8. Domestic airlines carried 67.45 lakh passengers in July this year, an increase of 29.31 per cent over the 52.16 lakh passengers during the same period in the previous year. The latest data released by the Directorate General of Civil Aviation (DGCA) shows that IndiGo remained the market leader having flown 24.17 lakh passengers. Jet Airways took the second position (13.35 lakh passengers) followed by Air India at 10.94 lakh passengers.
9. Malayalam actor Paravoor Bharathan, who acted in nearly 300 regional films, died in Kerala.
10. Britain's Sebastian Coe was elected as new International Association of Athletics Federation (IAAF) president at the 50th IAAF Congress.

11. Athletics Federation of India President Adille Sumariwalla was elected as one of the members of the prestigious Council of the IAAF, the global governing body of the sport. Sumariwalla is the first Indian to be elected in the IAAF Council.
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