Daily Current Affairs August 26

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs August 26. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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August 26| Daily Current Affairs 2022

Important Days – Daily Current Affairs August 26

1. Which date is observed as Women’s Equality Day?
A) August 23
B) August 25
C) August 22
D) August 26
E) August 24
Answer: D) August 26

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Sports – Daily Current Affairs August 26

2. In which year Audi will enter Formula One?
A) 2024
B) 2026
C) 2030
D) 2025
E) 2027
Answer: B) 2026

• Audi will enter Formula One from 2026 with a power unit built in Germany under new regulations, the Volkswagen premium brand announced at the Belgian Grand Prix.
• Audi said it would announce by the end of the year which outfit it would be lining up with.
• It has been in talks with the Swiss-based Sauber Group, whose team competes under the Alfa Romeo name, according to reports by Reuters and other media.
• Formula One will have a new power unit from 2026 with the focus on sustainability and a more cost-efficient future, with the Liberty Media-owned sport having a goal of being carbon-neutral by 2030.

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Banking and Finance – Daily Current Affairs August 26

3. Which of the following bank signed pact with NMDFCfor development of banking software, app?
A) ICICI Bank
B) Axis Bank
C) HDFC Bank
D) Bandhan Bank
E) Federal Bank
Answer: A) ICICI Bank

• The National Minorities Development and Finance Corporation (NMDFC) has signed an agreement with ICICI Bank for the development of financial accounting software and mobile application.
• The Memorandum of Understanding (MoU) provides for the development of financial accounting software for NMDFC and State Channelizing Agencies (SCAs), loan accounting software for receiving and processing of loan applications and accounting of repayments from beneficiaries.
• ICICI Bank will design, develop and deploy the application for NMDFC, provide source code and executable database information among others.
• The customised banking software will bring greater transparency and speed of transactions in the loaning and accounting process of NMDFC as well as SCAs.
• This will also facilitate submission of online applications by the targeted beneficiaries.
• Automation of activities of NMDFC by developing the software and mobile app would be a giant step forward by NMDFC towards accomplishing its mission of ”Development with Dignity”.

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4. Bank credit growth accelerates to how many percent in June quarter?
A) 13.6%
B) 18.1%
C) 14.2%
D) 19.0%
E) 15.7%
Answer: C) 14.2%

• Bank credit growth accelerated to 14.2 percent in the quarter ended June 2022 from 6 percent in the same period of the previous year.
• In the quarter that ended March 2022, bank credit had expanded by 10.8 percent.
• The Reserve Bank of India (RBI) released the ‘Quarterly Statistics on Deposits and Credit of SCBs for June 2022’.
• This data is collected from all scheduled commercial banks (SCBs), which include regional rural banks (RRBs), small finance banks (SFBs), and payments banks (PBs).
• Aggregate deposit growth (year-on-year) has remained in the range of 9.5 – 10.2 percent during the last five quarters.
• Metropolitan branches continue to account for over half of the bank deposits and their share increased marginally over the last year.
• The share of current account and savings account (CASA) deposits in total deposits has been increasing over the last three years (42 percent in June 2020, 43.8 percent in June 2021, and 44.5 percent in June 2022).
• As credit growth is outpacing deposit growth in the recent period, the credit-deposit (C-D) ratio has been on the rise.
• In June 2022, the C-D ratio stood at 73.5 percent at the all-India level (70.5 percent a year ago) and 86.2 percent for metropolitan branches of banks (84.3 percent a year ago).

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Acquisitions and Mergers – Daily Current Affairs August 26

5. How many percent stake acquired by HDFC Bank in Go Digit Life Insurance?
A) 8.86%
B) 7.75%
C) 4.49%
D) 6.68%
E) 9.94%
Answer: E) 9.94%

• India’s largest private sector lender HDFC Bank said it will acquire 9.94 per cent stake in Go Digit Life Insurance.
• Currently, Go Digit offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products.
• The private lender entered into an “indicative and non-binding term sheet” with Go Digit Life Insurance worth amount between Rs 49.9 crore to Rs 69.9 crore, in two tranches, by subscribing to equity shares of the Company.
• This deal is, however, subject to execution of definitive agreements whose terms and conditions are to be mutually agreed upon, and fulfilment of other norms.

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6. How many percent stake acquired by Infibeam Avenues in Vishko22?
A) 40%
B) 50%
C) 30%
D) 55%
E) 45%
Answer: B) 50%

• Fintech firm Infibeam Avenues has made a strategic investment by picking up a 50 per cent stake in Gurgaon-based software startup Vishko22 Products & Services Pvt.
• Infibeam plans to develop omnichannel enterprise software products and services with seamless integration for domestic and international eCommerce marketplaces with this transaction.
• Vishko22 will target to tap the growing demand for omnichannel enterprise software solutions from B2B eCommerce players in India and globally, focusing on providing customized software solutions that allow unifying & synchronizing online & offline businesses.

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Appointments – Daily Current Affairs August 26

7. Who among the following appointed as chief for customer experience inKotak Mahindra Bank?
A) Samir V Kamat
B) Dr Surjit Bhalla
C) Dr Krishnamurthy Subramanian
D) Bhavnish Kamat
E) Bhavnish Lathia
Answer: E) Bhavnish Lathia

• Financial Institute: Kotak Mahindra Bank
• Posting: chief of customer experience
• Appointed: Amazon veteran Bhavnish Lathia

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8. Who among the following appointed as DRDO chief?
A) Samir V Kamat
B) Dr Surjit Bhalla
C) Dr Krishnamurthy Subramanian
D) Bhavnish Kamat
E) Bhavnish Lathia
Answer: A) Samir V Kamat

• Distinguished scientist Samir V Kamat was appointed as Secretary of the Department of Defence Research and Development and Chairman of the Defence Research and Development Organisation (DRDO), according to a Personnel Ministry order.

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9. Who among the following appointed as Executive Director (India) at IMF?
A) Samir V Kamat
B) Dr Surjit Bhalla
C) Dr Krishnamurthy Subramanian
D) Bhavnish Kamat
E) Bhavnish Lathia
Answer: C) Dr Krishnamurthy Subramanian

• Organization: International Monetary Fund
• Posting: Executive Director (India)
• Appointed: Dr Krishnamurthy Subramanian
• Others: Former Chief Economic Advisor
• Succeeded: Dr Surjit Bhalla (2019)

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Science and Technology – Daily Current Affairs August 26

10. By which year Indian Government will launch 6G?
A) 2040
B) 2050
C) 2035
D) 2030
E) 2045
Answer: D) 2030

• Weeks ahead of the launch of 5G services in the country, Prime Minister Narendra Modi said that the government was preparing to launch 6G by the end of this decade (2030).
• The Prime Minister made the announcement during his address at the Grand Finale of Smart India Hackathon 2022 via video conferencing.

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Defence – Daily Current Affairs August 26

11. Who among the following will offer multipurpose drones to Army?
A) HAL
B) Garuda Aerospace
C) L&T
D) BEL
E) DRDO
Answer: B) Garuda Aerospace

• Drone startup Garuda Aerospace would be offering its multipurpose drones for strategic and tactical operations of the Army.
• Garuda Aerospace has been invited by the Army to dispatch its technical team to undertake the modification and help them maintain timeline and operations while performing their duties.
• The Army has evinced keen interest to utilise Garuda Aerospace expertise and technical knowledge in the field of drone technology to use drones more effectively.

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International Affairs – Daily Current Affairs August 26

12. Which of the following country and India signed trade pact to help boost services exports?
A) Bangladesh
B) Nepal
C) Saudi Arabia
D) UK
E) USA
Answer: D) UK

• Implementation of the proposed India-UK free trade agreement will help to boost the country’s services exports, particularly from legal, accounting and auditing sectors, Services Export Promotion Council (SEPC).
• SEPC Chairman Sunil H Talati said that the British market holds huge potential for domestic services sectors like medical transcription, legal, accounting and auditing.
• Negotiations for the trade pact between the countries are at advanced stages and expected to conclude by the end of this month.
• After the conclusion of the talks, it would take some time to implement the agreement.
• Under this agreement, both countries may significantly cut or eliminate customs duties on the maximum number of goods traded between them.
• Besides, norms would be relaxed to promote trade in services.
• He also said that the council is hopeful of achieving the USD 300 billion exports target for 2022-23 on account of healthy growth in the outbound shipments so far. In 2021-22, it was USD 254 billion.
• Services exports have increased to USD 71 billion during April-June this fiscal against USD 56.22 billion in the same quarter last year, according to the council’s data.

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13. Which of the following country and Indiaheld minister-level meet on water sharing?
A) Bangladesh
B) Nepal
C) Saudi Arabia
D) UK
E) USA
Answer: A) Bangladesh

• India and Bangladesh discussed issues related to water-sharing treaties of Teesta, Ganga and other rivers at a minister-level meeting of the Joint Rivers Commission (JRC), Union Jal Shakti Minister Gajendra Singh Shekhawat.
• Bangladesh Minister of State for Water Resources Zaheed Farooque led a 17-member delegation at the ministerial talks with his Indian counterpart Shekhawat.
• Attended the 38th India-Bangladesh ministerial level Joint Rivers Commission meeting at New Delhi.
• Bangladesh’s Minister for Water Resources Mr. Zaheed Farooque attended it along with their 17-member delegation.

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14. Which of the following country and Indiasigned pact for long-term supply of DAP/NPK fertilisers, raw materials?
A) Bangladesh
B) Nepal
C) Saudi Arabia
D) UK
E) USA
Answer: C) Saudi Arabia

• India and Saudi Arabia signed a pact for an annual supply of 2.5 million tonnes of ammonia and DAP, NPK fertilisers for the next three years.
• Announcing the development in a series of tweets, Chemicals and Fertilisers Minister Mansukh Mandaviya said Indian cooperative KRIBHCO has signed an agreement for investment in a new phosphate project of Saudi Arabia’s largest mining firm Ma’aden.
• With this, Indian companies have secured a 2.5 million tonnes annual supply of key raw materials like ammonia and finished fertilizers like DAP, NPKs for the next 3 years.
• A joint declaration was made to commit for the long-term supply of up to 1 million tonne of Di-ammonium phosphate (DAP) and NPKs per annum to KRIBHCO.
• The collaboration includes joint development in agronomy, logistics solutions and product development to support farmers of both India and Saudi Arabia.
• The tie-up will add even more energy to India-Saudi Arabia friendship and benefit the hard-working Indian farmers.

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National Affairs – Daily Current Affairs August 26

15. How many crore Sewage plants will be set up in Agra to reduce pollution load in Yamuna?
A) Rs 582.48 crore
B) Rs 528.84 crore
C) Rs 585.74 crore
D) Rs 528.48 crore
E) Rs 582.84 crore
Answer: E) Rs 582.84 crore

• A tripartite agreement was signed between National Mission for Clean Ganga (NMCG), Uttar Pradesh Jal Nigam and M/s Vishvaraj Environment for development of sewage treatment plants for Agra under hybrid annuity mode or (HAM).
• This project aims to take care of the existing sewerage problems in Agra city which pollute river Yamuna.
• After implementation of the project, it is expected there will be no discharge of untreated sewage from Agra city into the river Yamuna, thereby helping in reducing the pollution load in the river.
• The contract signed at the National Mission for Clean Ganga’s office, has been awarded at a total cost of Rs 582.84 crore.
• The NMCG has approved the project for construction of sewage treatment plants of total capacity of 177.6 MLD, among other works such as developing interception and diversion structures, sewage pumping stations including operation and maintenance for 15 years.

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16. Which of the following state extendedVidyanidhi scheme for kids of agricultural labourers?
A) Karnataka
B) Andhra Pradesh
C) Chhattisgarh
D) Kerala
E) Odisha
Answer: A) Karnataka

• The State Cabinet meeting held has taken a decision to extend the Vidyanidhi scheme to the children of agricultural labourers, said Chief Minister Basavaraj Bommai.
• Speaking after inaugurating a slew of developmental workers and laying foundation stones for new projects in Ranebennur Assembly Constituency, he said 4,000 Anganwadi centres are established specially to provide nutritious food for the kids of agricultural labourers.
• Besides, Rs 50,000 scheme has been formulated for the rural artisans.
• Works have been stated for 2 Medleri and Holeanaveri Irrigation schemes and already sanctioned Rs 206 crore.
• Ranebennur has been given Rs 45 crore under the Nagarotthana scheme which was huge.
• Apart from this, a special grant of Rs 75 to Rs 100 crore has been sanctioned.
  A textile park is coming in up as promised in the State budget.
• It will provide employment to around 5000 persons and this park will start functioning from this year.
• The government has sanctioned a sericulture market to be established at a cost of Rs 30 crore.
• Rs 400 crore was sanctioned to establish a medical college in Haveri which started functioning in January this year.
• An irrigation facility is provided for one lakh acres of land in Haveri, Ranebennur and Hangal.

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17. Which of the following state govt will set up 1,320 MW thermal power plant in Korba district?
A) Karnataka
B) Andhra Pradesh
C) Chhattisgarh
D) Kerala
E) Odisha
Answer: C) Chhattisgarh

• Chhattisgarh Chief Minister Bhupesh Baghel said a mega thermal power plant with 1,320 MW capacity will be set up in the state.
• The coal-fired plant, which will come up in Korba district, will be the largest such facility of the state-run power generation company in Chhattisgarh and will be built using ultramodern technique.
• Once the plant becomes operational, Chhattisgarh State Power Generation Company Ltd’s (CSPGCL) generation capacity would increase to 4,300 MW.

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18. IDCO to set up 23 new industrial parks in which of the following state?
A) Karnataka
B) Andhra Pradesh
C) Chhattisgarh
D) Kerala
E) Odisha
Answer: E) Odisha

• Around Rs 600 crore has been earmarked for the Industrial Infrastructure Development Corporation (IDCO) to set up 23 new industrial parks in Odisha.
• The state government has renewed its focus on development of ancillary industries to enhance employability and to accelerate economic development, said Asit Tripathy, principal adviser to the chief minister.
• The IDCO has been developing 11 industrial corridors alongside the Biju Expressway, which connects Rourkela in western Odisha and Malkangiri in the southern region.
• The Idco has been given the task to set up 23 industrial parks in different regions.
• Rs 600 crore would be allocated within the next three years for it.

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19. Which edition of International Documentary, Short Film Festival started in Thiruvananthapuram?
A) 11th
B) 14th
C) 12th
D) 13th
E) 15th
Answer: B) 14th

• The 14thedition of the International Documentary and Short Film Festival of Kerala will get underway in Thiruvananthapuram.
• Chief Minister Pinarayi Vijayan will inaugurate the six-day film fete organised by the Kerala Chalachitra Academy.
• In all, 261 films, including 19 that were screened at several international festivals, will be exhibited.
• The opening film ‘Mariupolis 2’ directed by Mantas Kvedaravicius, takes viewers through the horrors of the war in Ukraine.

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20. Jagan disbursed Rs 193 crore to how many weavers under Nethanna Nestham?
A) 80456
B) 80465
C) 80645
D) 80546
E) 80564
Answer: D) 80546

• Handlooms are a symbol of the freedom struggle and culture of the country, Chief Minister YS Jagan Mohan Reddy said after he credited Rs 193.31 crore into the bank accounts of 80,546 weavers under the YSR Nethanna Nestham scheme at Pedana in Krishna district.
• Every handloom weaver with his own loom was given Rs 24,000 per year under the scheme.
• Including the latest assistance of Rs 193.31 crore, a total of Rs 776.13 crore has been spent under the scheme.
• Besides, Rs 879.8 crore was also disbursed as pension for the weavers and Rs 393.3 crore was given to Andhra Pradesh State Handloom Weavers Cooperative Society (APCO).
• So far, a total of Rs 2,049.23 crore has been spent for the welfare of the weavers in the last three years.

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