Adda247.com: Current Affairs 2020

The investment & wealth management subsidiary of Paytm, Paytm Money has appointed Varun Sridhar as the new Chief Executive Officer (CEO) of the company. He will replace former MD and CEO Pravin Jadhav who resigned from the startup due to differences with the management of Paytm.

International Day of Friendship is observed globally on 30th July. This day is celebrated to mark the importance of friends and friendship in life. The day also advocates the role that friendship plays in promoting peace in several cultures across the world.

Power Finance Corporation (PFC) has signed an agreement with the Indian Institute of Technology- Kanpur for Training, Research, and Entrepreneurship Development in Smart Grid Technology. The agreement was on a virtual platform. The objective of the pact is to provide support to IIT-Kanpur in developing infrastructure for research and development on smart grid technology.

Ministry of Human Resource Development has been renamed as Ministry of Education. The Union Cabinet has approved the change in the name of the ministry. The HRD Ministry is currently headed by Ramesh Pokhriyal Nishank.

Asian Development Bank (ADB) has approved USD 3 million (about Rs 22 crore) grant to India from its Asia Pacific Disaster Response Fund to further support the government”s emergency response to COVID-19 pandemic.