1.Person in News
Hardayal Prasad becomes new MD & CEO of PNB Housing Finance
![Daily Current Affairs Update | 11 August 2020 2 1 8 Daily Current Affairs Update | 11 August 2020](https://www.eazyprep.com/wp-content/uploads/2020/08/1-8.png.webp)
Hardayal Prasad has been appointed the new managing director and chief executive officer of PNB Housing Finance
He was the CMD of SBI Cards prior to this
He shall be succeeding interim CMD Neeraj Vyas
Quick Fact: The tagline of PNB Housing Finance is Ghar ki Baat
2.Person in News
PS Ranipse becomes new IG of CRPF
![Daily Current Affairs Update | 11 August 2020 3 2 8 Daily Current Affairs Update | 11 August 2020](https://www.eazyprep.com/wp-content/uploads/2020/08/2-8.png.webp)
PS Ranipse has been appointed as Inspector General in Central Reserve Police Force (CRPF)
He is an IPS officer from the Odisha cadre
His term will last for a duration of five years from the date of joining.
QuickFact: Service and Loyalty is the motto of CRPF
3.Economy
KV Kamath committee: Suggestions related to COVID-19 related stressed assets
![Daily Current Affairs Update | 11 August 2020 4 3 9 Daily Current Affairs Update | 11 August 2020](https://www.eazyprep.com/wp-content/uploads/2020/08/3-9.png.webp)
An expert committee under veteran banker KV Kamath has been set up by Reserve Bank of India (RBI)
The committee will suggest financial parameters for resolution of Covid-19 related stressed assets.
The other members of the committee are Diwakar Gupta, T N Manoharan and Ashvin Parekh and the Indian Banks’ Association CEO.
Quick Fact: Â Shaktikant Das is the 25th Governor of RBI
4.Defence and Security
Kavkaz 2020: Indo-Russia Military Exercise
![Daily Current Affairs Update | 11 August 2020 5 4 8 Daily Current Affairs Update | 11 August 2020](https://www.eazyprep.com/wp-content/uploads/2020/08/4-8.png.webp)
Russian Kavkaz 2020 is a multilateral military strategic command-post exercise
It will be held in Astrakhan, Russia
The exercise has been extended to at least 18 countries
Quick Fact: The Kavkaz 2020 exercise is also known as Caucasus-2020
5.Miscellaneous
New Book Release: Amazing Ayodhya: Authored by Neena Rai
![Daily Current Affairs Update | 11 August 2020 6 5 8 Daily Current Affairs Update | 11 August 2020](https://www.eazyprep.com/wp-content/uploads/2020/08/5-8.png.webp)
A book titled ‘Amazing Ayodhya’ has been authored by Neena Rai
It deals with authentic information about the city of Ayodhya, giving an insight into the life and times of ancient Hindus
The book is publishing by house Bloomsbury.
6.Economy
Reliance Industries ranks 2nd in FutureBrand Index 2020
![Daily Current Affairs Update | 11 August 2020 7 6 7 Daily Current Affairs Update | 11 August 2020](https://www.eazyprep.com/wp-content/uploads/2020/08/6-7.png.webp)
The FutureBrand Index 2020 analyses and ranks PwC’s Global Top 100 Companies in terms of financial strength
Reliance Industries and Samsung have ranked 2nd and 3rd rank globally in FutureBrand
Index 2020.
Apple Inc. has topped the FutureBrand Index 2020.
Quick Fact: Index is released by London based FutureBrand