Daily Current Affairs August 29

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 29. 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 29| Daily Current Affairs 2022

Important Days – Daily Current Affairs August 29

1. National Sports Day is observed on?
A) August 29
B) August 26
C) August 28
D) August 25
E) August 27
Answer: A) August 29

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Sports – Daily Current Affairs August 29

2. India took all 10 wickets for first time in T20I match against whom?
A) Argentina
B) Bangladesh
C) Pakistan
D) South Africa
E) Sri Lanka
Answer: C) Pakistan

• The Indian pace took all ten wickets in a T20I match for the very first time.
• The pacers did this during their blockbuster Asia Cup 2022 campaign opener match against Pakistan.
• Pandya was adjudged as ‘Man of the Match‘ for his all-round performance.

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3. Max Verstappen won Belgian Grand Prix victory,he belongs to_____?
A) Mercedes
B) Ferrari
C) Alpine
D) Aston Martin
E) Red Bull
Answer: E) Red Bull

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4. Who among the following player became 1st person to play a century of matches in all three formats?
A) Rohit Sharma
B) Virat Kohli
C) Sachin Tendulkar
D) Suresh Raina
E) MS Dhoni
Answer: B) Virat Kohli

• Virat Kohli ahead of his 100th T20I, which will also make him the first Indian to complete a century of matches in all three formats.
• Kohli has represented India in 102 Tests and 262 ODIs so far, and the team’s Asia Cup opener against Pakistan in Dubai will be his 100th T20 International.

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5. Rajiv Gandhi Rural Olympic Games started in more than 11,000 panchayats in which of the following state?
A) Odisha
B) Madhya Pradesh
C) Gujarat
D) Rajasthan
E) Telangana
Answer: D) Rajasthan

• In Rajasthan, Rajiv Gandhi Rural Olympic Games have started in more than 11,000 panchayats.
• Chief Minister Ashok Gehlot inaugurated the games at the state-level function organised at Pal Panchayat of Luni block in Jodhpur district.
• About 2 lakh 25 thousand teams are participating in these games, in which about 30 lakh players are showing talent.
• The state government claims that the Rural Olympics is one of the biggest sporting events in the world.
• AIR correspondent reports that under the Rural Olympics, 6 sports-Kabaddi, Shooting Ball, Volleyball, Hockey, Kho-Kho and Tennis Ball Cricket are being played.
• These games are first being organized at the Gram panchayat level after that there will be competitions at block, district and state level.
• More than 20 lakh male and about one million females are participating in these games.
• The special feature of these games is that more than one lakh participants are above 50 years of age.
• At the same time, more than 1,500 players are above 70 years of age.
• The objective of this event is to create an environment for sports in the villages, to search for sporting talent and to develop mutual bonding among people in villages.

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Banking and Finance – Daily Current Affairs August 29

6. Which of the following Bank partnered with NPCI to launch Rupay credit cards?
A) ICICI Bank
B) SBI
C) Bank of Maharashtra
D) Bank of Baroda
E) Axis Bank
Answer: A) ICICI Bank

• ICICI Bank has partnered with the National Payments Corporation of India (NPCI) to launch a range of credit cards on the native payments network Rupay.
• The first card – ICICI Bank Coral RuPay Credit Card – is a contactless card to provide users with numerous benefits of reward points on daily purchases such as shopping, utility bills, complimentary domestic airport and railway lounge access, discounts on movie tickets and dining, among others.
• It also offers accidental insurance coverage and 24×7 concierge services.

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7. Which of the following Bank introducedMahaDhanvarsha fixed deposit scheme?
A) ICICI Bank
B) SBI
C) Bank of Maharashtra
D) Bank of Baroda
E) Axis Bank
Answer: C) Bank of Maharashtra

• The 400-day “MahaDhanvarsha” fixed deposit scheme is a new fixed tenure offering from the public sector lender Bank of Maharashtra.
• The highest interest rate on this special deposit is 5.50% for non-senior citizens and 6% for senior citizens, according to the bank.
• The bank’s fixed deposit customers will receive the highest interest rates compared to the other tenors on deposits maturing in 400 days.
• The bank recently changed its interest rates for fixed deposits below ₹2 Cr on August 22, 2022.
• With effect from the specified date, the bank is now providing fixed deposits with maturities ranging from 7 days to 10 years with interest rates ranging from 2.75% to 5.40%.
• The bank will now pay 2.75% interest on deposits maturing in 7 to 30 days, and Bank of Maharashtra will also pay 3% interest on deposits maturing in 31 to 45 days.
• The interest rate on deposits maturing from 46 to 90 days will be 3.50%, while the interest rate on deposits maturing in 91 to 119 days will be 3.75%.
• The Bank of Maharashtra is currently offering interest rates of 3.90% and 4.25% for deposits maturing in 120 to 180 days and 181 to 270 days, respectively.
• The interest rate on fixed deposits will now be 5% for those maturing in 271 to 364 days and 5.40% for those maturing in 1 year to 399 days.
• The bank will now provide a 5.50% interest rate on the 400-day “MahaDhanvarsha” fixed deposit plan and a 5.40% interest rate on fixed deposits maturing in 401 days to 5 years.

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Acquisitions and Mergers – Daily Current Affairs August 29

8. Which of the following Bank will increase stake in Max Life Insurance?
A) ICICI Bank
B) SBI
C) Bank of Maharashtra
D) Bank of Baroda
E) Axis Bank
Answer: E) Axis Bank

• Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the next 6-9 months, the insurance company’s CEO Prashant Tripathy.
• Currently, Axis Bank and its two subsidiaries — Axis Capital Ltd and Axis Securities Ltd  collectively own 12.99 per cent of Max Life Insurance post approval of the deal in April last year.

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Appointments – Daily Current Affairs August 29

9. Who among the following appointed as Managing Director & CEO of Mercedes-Benz India?
A) Santhosh Narayan
B) Santosh Iyer
C) Ananth Srinivasan
D) Ananth Narayan
E) Martin Schwenk
Answer: B) Santosh Iyer

• Company: Mercedes-Benz India
• Position: Managing Director & CEO
• Appointed: Santosh Iyer (1st Indian)
• Replaced: Martin Schwenk(President and Chief Executive Officer of Mercedes-Benz Thailand)
• Others: Santosh Iyer is currently working as Vice President, Sales & Marketing

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10. Who among the following appointed as whole-time member at SEBI?
A) Santhosh Narayan
B) Santosh Iyer
C) Ananth Srinivasan
D) Ananth Narayan
E) Martin Schwenk
Answer: D) Ananth Narayan

• Organization: SEBI
• Position: Whole Time Member
• Appointed: Ananth Narayan
• Others: He was Associate Professor at S P Jain Institute of Management and Research (SPJIMR).

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Science and Technology – Daily Current Affairs August 29

11. Reliance will invest how manylakh crore to roll out 5G services by October across key cities?
A) Rs 3 lakh crore
B) Rs 2 lakh crore
C) Rs 5 lakh crore
D) Rs 1 lakh crore
E) Rs 4 lakh crore
Answer: B) Rs 2 lakh crore

• The company will invest Rs 2 lakh crore to build Jio 5G, which is the latest and largest in the world.
• 5G services would be launched across multiple key cities including Mumbai, Delhi, Chennai & Kolkata by Diwali. Subsequently, the company aims to connect every town, taluka, and tehsil by December 2023.
• Reliance Jio, India’s largest telecom operator, has deployed a standalone 5G stack rather than upgrading the existing 4G network, to offer ultra-high speed internet.

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Environment and Energy- Daily Current Affairs August 29

12. PM Narendra Modi said 50 percent of India’s energy production will be met by non-fossil fuel by which year?
A) 2025
B) 2035
C) 2027
D) 2030
E) 2031
Answer: D) 2030

• Prime Minister Narendra Modi has said that by 2030, 50 percent of India’s energy production will be met by non-fossil fuel, and by 2070 it plans ‘Net Zero’.
• Mr Modi said that a silent revolution is taking shape in India with rising demand for electric vehicles (EV).
• He said, state and central governments have extended incentives and subsidies for the EV sector.
• Prime Minister was addressing a function at Gandhinagar to mark on the completion of 40 years of Suzuki Motor Corp in India.
• India has decided to be self-reliant in terms of energy requirement in next 25 years.

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International Affairs – Daily Current Affairs August 29

13. Which of the following country expressed interest in Made in India TEJAS fighter aircraft for its Air Force?
A) Argentina
B) Bangladesh
C) Pakistan
D) South Africa
E) Sri Lanka
Answer: A) Argentina

• Argentina has expressed interest in the Made in India TEJAS fighter aircraft for Argentine Air Force.
• External Affairs Minister Dr. S Jaishankar acknowledged Argentine interest in the TEJAS fighter aircraft and highlighted the importance of the proposal in enhancing the strategic quotient of bilateral relationships.
• External Affairs Minister Dr. S. Jaishankar and Argentina Minister of Foreign Affairs Santiago Cafiero jointly presided over a Joint Commission Meeting in Buenos Aires.
• During the meeting, both the sides underscored the importance of bilateral ties in defence, nuclear energy, space, pharma, science and technology, yoga, climate change and economic cooperation.
• Both sides expressed satisfaction in the bilateral trade which reached 5.7 billion US dollars in 2021 making India the 4th largest trading partner of Argentina.

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National Affairs – Daily Current Affairs August 29

14. Which of the following state planned to set up MSME parks in every district?
A) Odisha
B) Madhya Pradesh
C) Gujarat
D) Rajasthan
E) Telangana
Answer: A) Odisha

• Odisha government has plans to set up micro, small and medium enterprises (MSMEs) parks in all the 30 districts of the state.
• MSMEs will get all infrastructure support including land, electricity, and water in the districts, chief secretary S C Mohapatra.
• Odisha Industrial Infrastructure Development Corporation (IDCO) has been given more than Rs 450 crore to develop the required infrastructure in the districts for the purpose, he said at the concluding session of Propack Odisha 2022 and MSME Odisha 2022 organized by the Odisha Assembly of Small and Medium Enterprises (OASME).

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15. Which of the following statedistributed4.79 crore free sarees for Bathukamma festival in last 5 yrs?
A) Odisha
B) Madhya Pradesh
C) Gujarat
D) Rajasthan
E) Telangana
Answer: E) Telangana

• The Telangana Government has distributed over 4.79 crore Bathukamma sarees free of cost to women above 18 who are registered in food security cards, since 2017 with an expenditure of over Rs 1,466 crore.
• As a result of the free sarees scheme, the power loom operators got a chance to get employment throughout the year and salaries of weavers increased and their living standards improved.
• The state government had launched the Bathukamma sarees distribution programme in 2017 with the objective of ensuring respectable income to weavers and offer sarees to women for the festivities.
• Bathukamma is a floral festival that is celebrated across the state in which flowers are stacked up and the word means ‘festival of life’ representing womanhood.
• The state government has recently launched ‘Nethanna Insurance Scheme’ on the lines of ‘Rythu Bhima’ which is being implemented for farmers.
• In case of death of the insured person during the insurance period of this scheme, Rs 5 lakh will be deposited to the nominee within 10 days as per the scheme.
• The state government is providing 40 per cent subsidy on yarn, dyes and chemicals purchased by handloom workers, master weavers, handloom societies and Telangana State Handloom Weavers Cooperative Society Limited under ‘Cheneta Mitra’ scheme.
• The subsidy is directly credited to their bank account.
• Till now, 20,501 beneficiaries have been given subsidies worth Rs 24.09 crore.

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16. Who among the following said govt will introduce Data Protection Bill in Budget Session of Parliament?
A) Defence Minister
B) IT Minister
C) Prime Minister
D) Home Minister
E) External Affairs Minister
Answer: B) IT Minister

• Telecom and IT Minister Ashwini Vaishnaw has said that Data Protection Bill is likely to be presented in Budget Session of Parliament.
• The government, earlier this month, withdrew The Personal Data Protection Bill, 2019, in the Lok Sabha, saying that it will come up with a fresh Bill that fits into the comprehensive legal framework with reference to the suggestions made by the Joint Committee of Parliament on the Bill.

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17. GeM will launch carbon neutral services in govt departments, in which year GeM portal launched?
A) 2010
B) 2015
C) 2012
D) 2016
E) 2014
Answer: D) 2016

• Public procurement portal Government e-Marketplace (GeM) will soon launch carbon neutral services to estimate the carbon footprint of various central government ministries and departments and help them work towards carbon neutrality.
• Once launched, government departments and ministries can hire an agency which will do the estimate of the CO 2 emissions of each of the departments and also suggest a mitigation plan with a timeline to achieve carbon neutrality.
• Launched in 2016, the GeM portal is for online purchase of goods and services by all central government ministries and departments, Central public sector undertakings (PSUs) and state governments.
• The platform has over 50 lakh sellers & service providers, 62,000 plus buyer organisations, more than 10,000 product and 290 service categories.
• The platform recorded a gross merchandise value (GMV) of ₹1.06 lakh crore from goods and services in FY22.
• In FY23, it aims to double the turnover from services to ₹70,000 crore in FY23.

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