Daily Current Affairs August 06

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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 06 | Daily Current Affairs 2024

Important Days – Daily Current Affairs August 06

1. What is the significance of Hiroshima Day, observed annually on August 6th?
A) Celebration of Japan’s Independence
B) Commemoration of the atomic bombing of Hiroshima
C) A day to honor Japanese culture
D) Observance of the end of World War II
E) Anniversary of the signing of the Treaty of Versailles
Answer: B) Commemoration of the atomic bombing of Hiroshima

Event and Location:

• Event: Hiroshima Day 2024
• Location: Hiroshima, Japan

Mandates and Objectives:

• Date: August 6, 2024, marking the 79th anniversary.
• Objective:
  • Commemorate the atomic bombing of Hiroshima on August 6, 1945.
  • Promote peace and the prevention of nuclear warfare.
  • Engage in dialogues with Hibakusha, survivors who share their experiences and advocate for a nuclear-free world.

Important Terms Explained:

• Hibakusha:
  • Survivors of the atomic bombings in Hiroshima and Nagasaki who share their stories to promote peace and ensure history does not repeat itself.
• Manhattan Project:
  • A secret U.S. research project during World War II that developed the first nuclear weapons.
• Little Boy:
  • The codename for the atomic bomb dropped on Hiroshima, resulting in immense destruction and loss of life.

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2. Which event is celebrated on 7th August each year to honor handloom weavers in India?
A) National Textile Day
B) National Weaver’s Day
C) National Handloom Day
D) Swadeshi Day
E) Khadi Day
Answer: C) National Handloom Day

Event and Location:

• Event: 10th National Handloom Day Celebrations
• Location: Vigyan Bhawan, New Delhi, India

Mandates and Objectives:

• Date: 7th August 2024
• Objective:
  • Honor handloom weavers for their contributions to the handloom sector.
  • Generate awareness about the importance of the handloom industry in India’s socio-economic development.
  • Commemorate the Swadeshi Movement launched on 7th August 1905, which promoted indigenous industries.

Key Activities:

• Awards:
  • Sant Kabir Awards and National Handloom Awards conferred by the Vice President.
• Publications:
  • Release of “Parampara- Sustainability in Handloom Traditions of India” Coffee Table Book.
• Nationwide Celebrations:
  • Various activities and exhibitions across States/UTs, including handloom expos, social media campaigns, and educational events.
• Special Exhibitions:
  • Virasat exhibitions at Handloom Haat and Delhi Haat INA, highlighting traditional handloom products and live demonstrations.
• Educational Initiatives:
  • “Know Your Weaves” event at Crafts Museum, involving participation from approximately 10,000 students.

Important Terms Explained:

• National Handloom Day:
  • Observed annually on 7th August to honor the handloom industry and its contribution to India’s heritage and economy.
• Swadeshi Movement:
  • A movement launched on 7th August 1905, advocating for the use of indigenous products and supporting local industries.

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Obituary – Daily Current Affairs August 06

3. Which cricket team did Graham Thorpe represent in both Test and ODI formats between 1993 and 2005?
A) Australia
B) South Africa
C) India
D) England
E) New Zealand
Answer: D) England

Event and Location:

• Event: Death of Graham Thorpe
• Location: United Kingdom

Mandates and Objectives:

• Date: August 2024
• Objective:
  • Mourn the passing of Graham Thorpe, a former England cricketer and coach.
  • Highlight his contributions to English cricket, including playing 100 Tests and 82 ODIs.
  • Acknowledge his legacy at Surrey County Cricket Club, where he was a key player for 17 years.

Important Terms Explained:

• England and Wales Cricket Board (ECB):
  • The governing body for cricket in England and Wales, responsible for managing national teams and promoting the sport.

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Ranking – Daily Current Affairs August 06

4. What is the 2024 rank of Reliance Industries Ltd on the Fortune Global 500 list?
A) 88
B) 155
C) 86
D) 21
E) 69
Answer: C) 86

Event and Location:

• Event: Fortune Global 500 List Ranking
• Location: Global (with specific reference to Reliance Industries Ltd, India)

Mandates and Objectives:

• Date: 2024 Ranking
• Objective:
  • Recognize Reliance Industries Ltd’s improved ranking on the Fortune Global 500 list.
  • Highlight its consistent performance and significant progress over the past three years.

Important Terms Explained:

• Fortune Global 500:
  • An annual ranking of the top 500 corporations worldwide based on revenue by the Fortune magazine.
• Reliance Industries Ltd:
  • A major Indian conglomerate with business interests spanning oil, telecom, and retail.

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Banking and Finance – Daily Current Affairs August 06

5. What is the primary objective of the RBI’s revised norms regarding the treatment of provisions for NPAs in co-operative banks?
A) Increase interest rates
B) Ensure uniformity in the treatment of Bad and Doubtful Debt Reserve (BDDR)
C) Introduce new taxation norms
D) Lower the capital requirements
E) Merge co-operative banks with nationalized banks
Answer: B) Ensure uniformity in the treatment of Bad and Doubtful Debt Reserve (BDDR)

Event and Location:

• Event: RBI’s Revision of NPA Provision Norms
• Location: India

Mandates and Objectives:

• Date: August 2024
• Objective:
  • Ensure uniformity in the treatment of provisions for non-performing assets (NPAs) across co-operative banks.
  • Facilitate smoother transition to a new accounting standard-compliant approach by March 31, 2025.
  • Regulate accounting practices by requiring provisions to be charged as an expense to the Profit & Loss (P&L) account starting FY25.

Important Terms Explained:

• Non-Performing Assets (NPAs):
  • Loans or advances for which the principal or interest payment remains overdue for a period of 90 days.
• Bad and Doubtful Debt Reserve (BDDR):
  • A reserve fund created by banks to cover potential losses from loans that are unlikely to be recovered.
• Tier 1 Capital:
  • The core capital of a bank, including equity capital and disclosed reserves, which is used to absorb losses and ensure the financial stability of the bank.

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6. Which state in India became the first to implement the Disaster Risk Transfer Parametric Insurance Solution (DRTPS)?
A) Assam
B) West Bengal
C) Nagaland
D) Gujarat
E) Kerala
Answer: C) Nagaland

Event and Location:

• Event: Signing of MoU on Disaster Risk Management Solution
• Location: Kohima, Nagaland, India

Mandates and Objectives:

• Date: August 2, 2024
• Objective:
  • Implement Disaster Risk Transfer Parametric Insurance Solution (DRTPS) in Nagaland to protect critical infrastructure and reduce economic losses due to disasters.
  • Provide financial resilience and safety for livelihoods across Nagaland.
  • Implement a disaster risk management system in all districts, aiming for sustainable development and community-based disaster risk management.
• MoU Duration: Three years (2024-2027)
• Insurance Coverage: Entire state of Nagaland, protecting against disasters like floods, droughts, mudslides, and damage to properties and crops.

Important Terms Explained:

• Disaster Risk Transfer Parametric Insurance Solution (DRTPS):
  • A parametric insurance model that provides payouts based on predefined triggers such as extreme weather events, ensuring quicker and more predictable financial support in the event of a disaster.
• Nagaland State Disaster Management Authority (NSDMA):
  • The state-level authority responsible for disaster management and implementing the DRTPS in Nagaland.

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7. Which two entities recently entered into a bancassurance tie-up to offer life insurance products?
A) HDFC Bank and ICICI Prudential
B) Axis Bank and Max Life Insurance
C) Capital Small Finance Bank and Edelweiss Life Insurance
D) Kotak Mahindra Bank and LIC
E) Yes Bank and SBI Life Insurance
Answer: C) Capital Small Finance Bank and Edelweiss Life Insurance

Event and Location:

• Event: Bancassurance Tie-Up
• Location: Nationwide (177 branches of CSFB)

Mandates and Objectives:

• Date: August 6, 2024
• Objective:
  • Enhance CSFB’s life insurance offerings by providing its customers access to Edelweiss Life Insurance’s products.
  • Leverage Edelweiss Life’s digital platform and service touchpoints to offer comprehensive and tailored life insurance solutions.
  • Strategic Partnership: Both entities aim to provide quality insurance solutions and increase financial security for CSFB’s customer base.

Key Details:

• Capital Small Finance Bank (CSFB):
  • Currently operates 177 branches where Edelweiss Life Insurance products will be available.
  • Objective: To become the primary banker for middle-income group customers by improving access to quality insurance solutions.
• Edelweiss Life Insurance:
  • Aims to expand its footprint across the country by leveraging CSFB’s strong geographical presence.
  • Focus: Protecting customers’ dreams and aspirations through tailored insurance products.

Important Terms Explained:

• Bancassurance:
  • A model where banks partner with insurance companies to sell insurance products through the bank’s distribution network, benefiting both the bank (via commissions) and the insurer (via expanded reach).
• IRDAI (Insurance Regulatory and Development Authority of India):
  • The regulatory body for insurance in India, which had in 2022 allowed banks to tie up with up to nine life insurers, nine general insurers, and nine health insurers to increase insurance penetration.

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Awards – Daily Current Affairs August 06

8. Which honor was conferred upon President Droupadi Murmu during her visit to Fiji?
A) Bharat Ratna
B) Padma Vibhushan
C) Order of Australia
D) Companion of the Order of Fiji
E) Nobel Peace Prize
Answer: D) Companion of the Order of Fiji

Event and Location:

• Event: President Droupadi Murmu’s two-day visit to Fiji
• Location: Suva, Fiji

Mandates and Objectives:

• Date: August 2024
• Objective:
  • Strengthen diplomatic ties between India and Fiji, marking 75 years of association.
  • Receive the Companion of the Order of Fiji, the highest honor in Fiji, conferred by the President of Fiji.
  • Discuss bilateral cooperation in areas like space research (Aditya L1 Mission), climate justice, and global development concerns.
  • Express gratitude for Fiji’s support and highlight India’s assistance during the COVID-19 pandemic through the Vaccine Maitri initiative.

Important Terms Explained:

• Companion of the Order of Fiji:
  • The highest civilian honor in Fiji, awarded for distinguished service to the country.
• Vaccine Maitri:
  • A diplomatic initiative by India to supply COVID-19 vaccines to various countries, including Fiji.

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Defence – Daily Current Affairs August 06

9. Which type of vehicle has the ITBP conducted trials for, intended for use at the Line of Actual Control (LAC)?
A) Kamaz Typhoon-K
B) Tata Safari
C) Mahindra Scorpio
D) Land Rover Defender
E) Ford Everest
Answer: A) Kamaz Typhoon-K

Event and Location:

• Event: Demonstration and Trial of Kamaz Typhoon-K Vehicle
• Location: ITBP Transport Battalion, Chandigarh, India

Mandates and Objectives:

• Date: August 2024
• Objective:
  • Upgrade ITBP vehicles for operations at the Line of Actual Control (LAC) by introducing the Kamaz Typhoon-K vehicle.
  • Enhance troop safety and mobility in high-risk areas with Mine-Resistant Ambush Protected (MRAP) capabilities.

Important Terms Explained:

• Typhoon-K Vehicle (Kamaz-53949):
  • A Russian-made 4×4 MRAP vehicle designed for the safe transportation of troops and military cargo in mine-infested regions.
• Indo-Tibetan Border Police (ITBP):
  • A specialized Indian paramilitary force responsible for guarding the border with China and conducting various internal security duties.

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10. Which organization received clearance from the Indian Air Force to produce Astra Mark 1 missiles?
A) Hindustan Aeronautics Limited (HAL)
B) Bharat Dynamics Limited (BDL)
C) Bharat Electronics Limited (BEL)
D) Larsen & Toubro (L&T)
E) Ordnance Factory Board (OFB)
Answer: B) Bharat Dynamics Limited (BDL)

Event and Location:

• Event: Clearance for Astra Mark 1 Missile Production
• Location: India

Mandates and Objectives:

• Date: Production clearance in 2024, project approval in 2022-23
• Objective:
  • Produce 200 Astra Mark 1 missiles for the Indian Air Force.
  • Integrate these missiles on Su-30 and LCA Tejas fighter aircraft.
  • Enhance air combat capabilities of the IAF with the Beyond Visual Range (BVR) Astra missile system.

Key Details:

• Astra Mark 1 Missile:
  • Type: Beyond Visual Range (BVR) air-to-air missile.
  • Range: 80-110 km.
  • Speed: Mach 4.5.
  • Capabilities: Engages supersonic, highly maneuverable aircraft, all-weather day and night operations.
• Development and Production:
  • Developed by: Defence Research and Development Organisation (DRDO).
  • Production Agency: Bharat Dynamics Limited (BDL).

Important Terms Explained:

• Beyond Visual Range (BVR):
  • Refers to the capability of missiles to engage targets at ranges beyond the visual sight of the launching aircraft.
• Defence Acquisition Council (DAC):
  • The top decision-making body in the Ministry of Defence responsible for approving and overseeing major defence projects in India.

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International Affairs – Daily Current Affairs August 06

11. Who will inaugurate the first BIMSTEC Business Summit hosted by India in August 2024?
A) Piyush Goyal
B) Narendra Modi
C) Ajit Doval
D) S Jaishankar
E) Moe Aung
Answer: D) S Jaishankar

Event and Location:

• Event: First BIMSTEC Business Summit
• Location: New Delhi, India

Mandates and Objectives:

• Date: August 6-8, 2024.
• Objective:
  • Foster regional collaboration through trade and investment among BIMSTEC member countries.
  • Facilitate economic collaboration with a focus on trade facilitation, regional connectivity, energy security, inclusive growth, and sustainable development.

Important Terms Explained:

• BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation):
  • A regional organization linking South Asia and South-East Asia, comprising Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar, and Thailand.
• Ministry of External Affairs (MEA):
  • The government body responsible for foreign relations and diplomacy in India.

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12. Where was the 5th AITIGA Joint Committee meeting held in 2024?
A) New Delhi, India
B) Putrajaya, Malaysia
C) Jakarta, Indonesia
D) Bangkok, Thailand
E) Hanoi, Vietnam
Answer: C) Jakarta, Indonesia

Event and Location:

• Event: 5th AITIGA Joint Committee Meeting
• Location: ASEAN Secretariat, Jakarta, Indonesia

Mandates and Objectives:

• Date: July 29 to August 1, 2024
• Objective:
  • Review the ASEAN-India Trade in Goods Agreement (AITIGA) to enhance economic cooperation between ASEAN and India.
  • Facilitate discussions on key areas such as market access, rules of origin, standards, and trade facilitation.
  • Promote bilateral meetings between India and ASEAN member states to foster a common understanding and address trade issues.

Important Terms Explained:

• AITIGA (ASEAN-India Trade in Goods Agreement):
  • A trade agreement between India and the ASEAN countries to promote and facilitate trade by reducing tariffs and removing trade barriers.
• ASEAN (Association of Southeast Asian Nations):
  • A regional intergovernmental organization comprising 10 Southeast Asian countries that promotes political and economic cooperation.

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13. Which two countries recently signed an MoU to enhance cooperation in sports?
A) India and Jamaica
B) India and Saint Kitts and Nevis
C) India and Trinidad and Tobago
D) India and Barbados
E) India and Guyana
Answer: B) India and Saint Kitts and Nevis

Event and Location:

• Event: Signing of MoU to Enhance Cooperation in Sports
• Location: Formalized in India and Saint Kitts and Nevis

Mandates and Objectives:

• Date: August 2024
• Objective:
  • Strengthen sports ties between India and Saint Kitts and Nevis.
  • Facilitate training and competition for athletes and teams from both nations.
  • Enhance coach training and technical support through exchanges and shared expertise.
  • Promote youth and junior exchanges in various sports disciplines.

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National Affairs – Daily Current Affairs August 06

14. What is the projected economic goal for India by the year 2047, as outlined in the book “India@100”?
A) $10 trillion
B) $25 trillion
C) $55 trillion
D) $75 trillion
E) $100 trillion
Answer: C) $55 trillion

Event and Location:

• Event: Launch of the book “India@100: Envisioning Tomorrow’s Economic Powerhouse”
• Location: New Delhi, India

Mandates and Objectives:

• Date: August 2024
• Objective:
  • Present a vision for India to become a $55 trillion economy by 2047.
  • Identify key sectors such as infrastructure, employment generation, tourism, manufacturing, shipping, and technology that are crucial to achieving this economic vision.
  • Highlight political stability as essential for sustained economic growth.

Important Terms Explained:

• India@100:
  • A book authored by Prof. K V Subramanian, outlining India’s potential economic growth strategy to become a $55 trillion economy by 2047.
• ASSOCHAM:
  • The Associated Chambers of Commerce and Industry of India, one of the leading trade associations in India, which organized the book launch event.

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15. What is the estimated number of jobs expected to be generated by Tata’s new semiconductor assembly and test facility in Assam?
A) 15,000
B) 10,000
C) 27,000
D) 20,000
E) 30,000
Answer: C) 27,000

Event and Location:

• Event: Groundbreaking Ceremony of Tata’s Semiconductor Assembly and Test Facility
• Location: Jagiroad, Morigaon, Assam, India

Mandates and Objectives:

• Date: August 3, 2024
• Objective:
  • Establish a ₹27,000 crore semiconductor assembly and test facility in Assam, as part of India’s semiconductor mission.
  • Produce 15 billion semiconductor chips annually for use in various high-tech products.
  • Create over 27,000 jobs directly and indirectly in the region.

Important Terms Explained:

• Semiconductor Assembly and Test Facility:
  • A facility where semiconductor chips are assembled, packaged, and tested before being deployed in electronic devices.
• Bhoomi Pujan:
  • A traditional Hindu ceremony performed before beginning construction work on a project.

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16. Which ministry launched the e-Sankhyiki portal to enhance data management and sharing in India?
A) Ministry of Electronics and Information Technology
B) Ministry of Home Affairs
C) Ministry of Finance
D) Ministry of Statistics and Programme Implementation
E) Ministry of Planning
Answer: D) Ministry of Statistics and Programme Implementation

Event and Location:

• Event: Launch of e-Sankhyiki Portal
• Location: New Delhi, India

Mandates and Objectives:

• Date: June 29, 2024
• Objective:
  • Establish a comprehensive data management system to improve the ease of access and sharing of official statistics in India.
  • Enhance data safety through robust security measures and adherence to guidelines by CERT-In and other agencies.

Key Features of e-Sankhyiki Portal:

• Data Catalogue Module:
  • Offers a detailed listing of major data assets of the Ministry, enabling users to search and download data easily.
• Macro Indicators Module:
  • Provides time series data of macroeconomic indicators, with features for filtering, visualizing data, and accessing metadata for detailed analysis.
• Data Safety Measures:
  • Includes storing data in NIC’s cloud facility, conducting security audits, SSL implementation, and following CERT-In guidelines.

Important Terms Explained:

• CERT-In (Indian Computer Emergency Response Team):
  • An agency under the Ministry of Electronics and Information Technology responsible for enhancing cyber and information security in India.
• National Informatics Centre (NIC):
  • Provides IT infrastructure and services to support e-governance in India.

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17. Which Indian state leads in the Shiksha category under the QCI Surajya Recognition & Ranking Framework?
A) Gujarat
B) Tamil Nadu
C) Uttar Pradesh
D) Maharashtra
E) Karnataka
Answer: C) Uttar Pradesh

Event and Location:

• Event: Introduction of QCI Surajya Recognition & Ranking Framework
• Location: Nationwide initiative by Quality Council of India (QCI)

Mandates and Objectives:

• Date: August 2024
• Objective:
  • Drive excellence among states to improve the quality of life for citizens and contribute to a Viksit Bharat (Developed India).
  • Categorize performance under four pillars: Shiksha (Education), Swasthya (Health), Samriddhi (Prosperity), and Sushasan (Governance).
  • Recognize and rank states and organizations for their commitment to quality in these key sectors.

Important Terms Explained:

• ZED (Zero Defect Zero Effect):
  • A certification aimed at encouraging MSMEs to adopt high-quality manufacturing processes with minimal environmental impact.
• NABH (National Accreditation Board for Hospitals & Healthcare Providers):
  • A constituent board of QCI that sets benchmarks for healthcare organizations.
• NABL (National Accreditation Board for Testing and Calibration Laboratories):
  • Provides accreditation to testing and calibration laboratories, ensuring their adherence to international standards.

Static GK Information:

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18. Which two companies signed a joint venture agreement to set up a Coal to Synthetic Natural Gas (SNG) plant in India?
A) ONGC and NTPC
B) CIL and GAIL
C) BHEL and SAIL
D) NTPC and GAIL
E) CIL and IOCL
Answer: B) CIL and GAIL

Event and Location:

• Event: Signing of Joint Venture Agreement for Coal to SNG Plant
• Location: Raniganj area, Eastern Coalfields Limited, West Bengal

Mandates and Objectives:

• Date: August 5, 2024
• Objective:
  • Establish a Coal to Synthetic Natural Gas (SNG) plant using surface coal gasification (SCG) technology.
  • Reduce import dependency on natural gas and promote the Atmanirbhar Bharat mission.
  • Utilize coal reserves in an environmentally friendly manner, supporting India’s National Coal Gasification Mission.

Important Terms Explained:

• Surface Coal Gasification (SCG):
  • A process that converts coal into syngas (a mixture of carbon monoxide, hydrogen, and other gases) which can be further processed into Synthetic Natural Gas (SNG).
• Synthetic Natural Gas (SNG):
  • A fuel gas primarily consisting of methane (CH4), used as a feedstock for various chemicals, fertilizers, and as an alternative to natural gas.

Static GK Information:

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19. Which organization is partnering with the University of Hyderabad to organize the FABA Innovation Summit in August 2024?
A) Indian Council of Medical Research (ICMR)
B) Federation of Asian Biotech Associations (FABA)
C) National Institute of Biotechnology
D) Association of Biotechnology and Pharma Industry
E) Biotechnology Industry Research Assistance Council (BIRAC)
Answer: B) Federation of Asian Biotech Associations (FABA)

Event and Location:

• Event: FABA Innovation Summit
• Location: University of Hyderabad, Hyderabad, India

Mandates and Objectives:

• Date: August 17-18, 2024
• Objective:
  • Foster innovation and collaboration in the life sciences sector.
  • Provide a platform for biotech start-ups to pitch their ideas to venture capitalists during Whale Tank 2.0.
  • Recognize significant contributions in the field of life sciences and biotechnology with awards.

Awards:

• Lifetime Achievement Award:
  • To be presented to Dr. Sowmya Swaminathan for exceptional contributions to life sciences.
• FABA Excellence Award:
  • To be presented to Rahul Purwar (Immunoact – Laurus Labs) for significant achievements in biotechnology and innovation.

Important Terms Explained:

• FABA (Federation of Asian Biotech Associations):
  • A federation that fosters collaboration and innovation in biotechnology across Asia.

Static GK Information:

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20. Which Mumbai-based food tech platform recently joined the Open Network for Digital Commerce (ONDC)?
A) Zomato
B) Swiggy
C) Thrive
D) Dunzo
E) Foodpanda
Answer: C) Thrive

Event and Location:

• Event: Thrive joining the ONDC Network
• Location: Mumbai, India

Mandates and Objectives:

• Date: August 2024
• Objective:
  • Expand customer base by making over 20,000 restaurants listed on Thrive accessible across all ONDC seller apps.
  • Support equitable representation for restaurant partners and enhance their visibility on a decentralized digital commerce platform.
  • Leverage ONDC to scale demand generation and grow Thrive’s presence in the food tech industry.

Key Details:

• Thrive:
  • A Mumbai-based food discovery and ordering platform backed by Jubilant Foodworks and Coca-Cola.
  • Current Reach: Over 20,000 restaurants listed, accessible through ONDC seller apps.
  • Key Objective: Facilitate equal representation and demand generation for restaurateurs via the ONDC network.
• ONDC (Open Network for Digital Commerce):
  • A government-backed initiative aimed at creating an open, decentralized network for digital commerce in India.

Important Terms Explained:

• ONDC (Open Network for Digital Commerce):
  • An open-source e-commerce platform designed to connect buyers and sellers across various categories on a unified network, fostering competition and reducing monopoly.

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Over All Review

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