Current Affairs : 07-08-2020 in English

Important Day

  • National Handloom Day - 7 August.


  • Present, Repo rate - 4 percent.
  • Reverse repo rate - 3.35 percent.
  • The Reserve Bank of India (RBI) has given priority sector lending status to - start-ups.
  • For the funding requirements of Non-bank financial institution NBFCs, MFIs and housing finance, the Reserve Bank of India has once again approved additional special liquidity facility of Rs 10,000 crore to - National Housing Bank (NHB) and National Bank for Agriculture and Rural Development (NABARD).


  • For the expansion of fishing facilities, India has extended Line of Credit worth 18 million US dollars to - Government of Maldives.
  • India’s rank in the Hurun Global Unicorn List 2020 – Fourth (First: United States).
  • New Prime Minister of Guyana - Mark Anthony Phillips.


  • This institution is organizing a first of its kind, online patriotic film festival on 7th- August, 2020 and runs till 21st August - National Film Development Corporation (NFDC).
  • Under this project, the Ministry of Jal Shakti launched the new version of India Water Resources Information System (India-WRIS) - National Hydrology Project.
  • The Indian Railways will flag off India's first Kisan Special Parcel Train from Maharashtra's Devlali to _____ on 7 August 2020 to transport perishable goods – Danapur, Bihar.
  • The Federation of Indian Chambers of Commerce and Industry (FICCI) and OYO have come together to develop and design an online training and certification course specifically for - hospitality industry.
  • Indian Council of Medical Research (ICMR) approved mobile RTPCR Covid lab developed by - Indian Institute of Science in Bengaluru.

Persons in News

  • New Comptroller and Auditor General (CAG) of India - Girish Chandra Murmu (replacing Rajiv Mehrishi).
  • Reappointed Chairman of SEBI (Securities and Exchange Board of India) till February 2022 - Ajay Tyagi.

State Current Affairs

  • New Lieutenant Governor of the Union Territory of Jammu and Kashmir - Manoj Sinha (replacing Girish Chandra Murmu).

General Knowledge

  • The Swadeshi Movement which was launched on - 7 August 1905.
  • A tool given by the RBI to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections - Priority Sector Lending (PSL).
  • National Handloom Development Corporation (NHDC) was set up in - February, 1983.
  • Rate at which the Reserve Bank of India lends money to commercial banks in the event of any shortfall of funds - Repo rate.
  • Rate at which the RBI borrows money from commercial banks within the country - Reverse repo rate.
  • National Housing Bank (NHB) - Founded: 09 July 1988; Headquarters: New Delhi.
  • National Film Development Corporation (NFDC) - Founded: 1975; Headquarters: Mumbai.
  • Indian Railways - Founded: 08 May 1845; Headquarters: New Delhi.
  • The Comptroller and Auditor General of India is an authority, established by - Article 148 of the Constitution of India.
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