Daily Current Affairs (Aug  12 2020) like many other sections is inevitable and this also helps to score in the      Banking awareness, Static GK and Financial Awareness sections. Remember, Banking Awareness and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

Also, Don’t forget to attend the  Daily Current Affairs Quiz : Aug 12, 2020  now @ our Bankersdaily Tests.

Important Days

International Youth Day-12 August:

  • International Youth Day was designated by the United Nations in the year 1999, in an attempt to raise awareness regarding the cultural and legal issue concerning youth. The first IYD was observed on 12 August 2000 and has been observed annually ever since.
  • 2020 Theme: “Youth Engagement for Global Action”.


World Elephant Day- 12 August:

  • World Elephant Day is observed every year on August 12. It was launched to bring attention to the urgent plight of Asian and African elephants. It was officially founded by Patricia Sims and the Elephant Reintroduction Foundation.

National News:

Union Minister Prakash Javadekar launches “SURAKHSYA” portal on Human Elephant Conflict on World Elephant Day:

  • Minister for Environment and Forest Prakash Javadekar released a document on Best Practices and launched a portal on Human-Elephant Conflict named SURAKHSYA for World Elephant Day 2020. The world Elephant Day is observed on 12th August every year.


Assam council of ministers approves “Assam Non-Government Education Institutions (Regulation of Fees) Rules 2020”:

  • Assam council of ministers approved the Assam Non-Government Education Institutions (Regulation of Fees) Rules 2020.
  • This would regulate the fees structure of the private educational institutes. The council of ministers meeting also approved the Assam Street Vendors (Protection of Livelihood and Regulation of Street Vending) scheme 2020.


  • Capital: Dispur
  • Chief Minister: SarbanandaSonowal    
  • Governor: Jagdish Mukhi


Gujarat Government Launches New Scheme “Mukhya Mantri Kisan Sahay Yojana” to Compensate Farmers For Crop Loss:

  • Gujarat government launched a scheme ‘Mukhya Mantri Kisan Sahay Yojana’ under which farmers facing crop losses due to drought, excess rain or rain to get compensation without the collection of any premium from them. It replaces PM Fasal Bima Yojana.


  • Capital: Gandhinagar
  • Chief Minister: Vijay Rupani
  • Governor: Acharya Devvrat


 Union Education Minister launches Minimum Standards of Architectural Education Regulations, 2020:

  • Union Education Minister launched the “Minimum Standards of Architectural Education Regulations, 2020”. It has been prepared by the experts of the Council of Architecture (CoA) to address major concerns in the human habitat and built environment in India.


Union Minister of MSME addressed India@75 Summit- Mission 2022:

  • Union Minister of MSME Nitin Gadkari addressed the India@75 SummitMission 2022, which was organised by the Confederation of Indian Industries (CII). He stressed the need for looking beyond metros and urged industries to develop tribal areas.

Confederation of Indian Industry (CII):

  • Headquarters: New Delhi
  • President: Uday Kotak
  • Vice President: Sanjiv Bajaj
  • President Designated: TV Narendran


 PFC signs agreement to construct Modular Operation Theatres at District Hospital Uttar Pradesh:

  • Government-owned Power Finance Corporation Ltd (PFC), India’s leading NBFC signed a MoA with District Administration of Siddharthnagar in Uttar Pradesh for construction of two Modular Operation Theatre Rooms in the District Hospital, Siddharthnagar.

Uttar Pradesh:                 

  • Capital: Lucknow
  • Chief Minister: Yogi Adityanath
  • Governor: Anandiben Patel


Agriculture Minister Narendra Singh Tomar launches ICAR’s data recovery centre ‘Krishi Megh’:

  • Agriculture Minister Narendra Singh Tomar launched ICAR’s data recovery centre – Krishi Megh. It is aimed at protecting the data of Indian Council of Agricultural Research. It has been set up at National Academy of Agricultural Research Management (NAARM) in Hyderabad.


International News

India and Canada IC-IMPACTS 2020 Annual Research Conference held Virtually:

  • India-Canada IC-IMPACTS Annual Research Conference was held on 6-7 August 2020. IC-IMPACTS hosted the 2020 Annual Research Conference online this year. The Conference was organized virtually by the India-Canada Centre for Innovative Multidisciplinary Partnership to Accelerate Community Transformation and Sustainability (IC-IMPACTS).


India and Maldives ink contract for development of five eco-tourism zones in Addu atoll of island nation:

  • India and Maldives signed a contract for development of five eco-tourism zones in Addu atoll of the island nation. Maldives foreign secretary Abdul Ghafoor, MPs representing Addu city and Indian high commissioner Sunjay Sudhir participated in the ceremony.


  • Capital: Male
  • Currency: Maldivian Rufiyaa
  • President: Ibrahim Mohamed Solih


Banking and Economy

South Indian Bank gets RBI approval to start non-financial subsidiary:

  • South Indian Bank has received approval from the Reserve Bank of India to set up a wholly-owned Non-Financial Subsidiary. The subsidiary would commence operations once the bank completes the related formalities and after obtaining final approval from the regulators.


Paytm launches ‘India’s first Pocket Android PoS device for easy and contactless payments:

  • Paytm launched an Android-based pocket-sized point of sale (POS) device named ‘Paytm All-in-One Portable Android Smart POS’ that is enabled with integrated billing software, camera for QR scanning and supports 4G SIM cards Wi-Fi and Bluetooth connectivity. It is available for an introductory monthly rental of ₹ 499.


BSE join hands with bullion trade associations to deepen commodity derivatives market:

  • Leading Stock Exchange BSE signed an MoU with Akola Sarafa Association and Akola Sarafa Va Suvarnakar Yuva Sangh, two bullion trade associations for deepening commodity derivatives market. They represent members engaged in retail sale and trade of bullion.



Indian-origin senator Kamala Harris named US Vice Presidential candidate for Democratic party:

  • United States, Democratic Presidential nominee Joe Biden named Indian-origin senator Kamala Harris as his Vice-Presidential running mate. Joe Biden made history by selecting the first black woman to compete on a major party’s presidential ticket. Harris is currently the US Senator from California.



Science and Technology

Russia launches world’s first registered COVID-19 vaccine ‘Sputnik V’:

  • Russian President Vladimir Putin announced approval of a coronavirus vaccine for use, claiming it as a world first. Developed by the Moscow-based Gamaleya Institute, it has been named “Sputnik-V” a reference to the world’s first satellite by Soviet Union.

Awards and Recognitions

Mumbai becomes the first city to have female icons on traffic signals:

  • Brihanmumbai Municipal Corporation (BMC) installed traffic signals that display female icons sporting triangular frock, a shift from default representation of men. Mumbai has become the first city in India to do so.

Books and Authors

A Book titled ‘A Bend in Time’: Pandemic through the eyes of children Penned by Bijal Vachharajani:

  • Book titled “A Bend in Time”: Writings by Children on the Covid-19 pandemic is a collection of 12 engrossing stories and essays by children and young adults from across India. Its introduction is written by award-winning children’s author Bijal Vachharajani. It is published by Talking Cub (children’s imprint of Speaking Tiger).

Obituary News

Renowned lyricist & Urudu poet Rahat Indori passes away:

  • In Madhya Pradesh, Noted Urdu poet & lyricist Rahat Indori died of cardiac arrest in Indore. He was tested positive for COVID-19. With a 50-year career in poetry, Indori was known for the lyrics of hit films like Munnabhai MBBS, Kareeb, Ghatak and Ishq.


Noted Tamil film lyricist P K Muthusami passes away:

  • Noted Tamil film lyricist PK Muthusami passed away in Namakkal. He was to complete his 100th birthday this year. Famous songs composed by Muthusami include ‘Mapilai vandar’ and ‘Chinna chinna nadai nadandu’ etc.


Human Rights Activist and Author Ilina Sen Passes Away:

  • Author, activist and academic Ilina Sen who had been suffering from cancer for several years, passed away. Ilina, who spent many years in Chhattisgarh and worked with several trade unions and Adivasi organizations, had moved to academics a decade ago.


Legendary WWE wrestler James ‘Kamala’ Harris passes away at 70:

  • Legendry American WWE player, James Harris, popularly known as James “Kamala” Harris, has passed away. He was nicknamed as “The Ugandan Giant”. Harris made his debut with the World Wrestling Federation (WWF)  in 1984.

Daily Current Affairs Quiz : Aug 12, 2020

Buy the Quantitative Aptitude, Reasoning Ability & English Language Topic Wise Tests – Online Tests from the below-given links. 

Aspirants can get the test packages from our Official Bankersdaily Store (https://bankersdaily.testpress.in)

 If you have any doubts regarding the 4 new Topic Wise Test Packages, kindly mail your queries to virtualracetest@gmail.com.