Daily Current Affairs April 08

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April 08 | Daily Current Affairs 2025

Important Days – Daily Current Affairs April 08

1. Who among the following recently congratulated beneficiaries on the completion of 10 years of the Pradhan Mantri MUDRA Yojana?
A) Nirmala Sitharaman
B) Draupadi Murmu
C) Amit Shah
D) Narendra Modi
E) Rajnath Singh
Answer: D) Narendra Modi

Event and Location:

• Event: India marks 10 years of the Pradhan Mantri MUDRA Yojana (PMMY).
• Location: India
• Date: 8 April 2025

Mandates and Objectives:

• Launch Purpose: To provide collateral-free loans to micro and small enterprises across the country.
• Target Segment: Non-corporate, non-farm small/micro enterprises including traders, manufacturers, and service providers.
• Mission: To “fund the unfunded” and shift the economy from job-seeking to job-creating.
• Loan Structure: Offers financial assistance up to ₹20 lakh through categorized loans – Shishu, Kishor, Tarun, and Tarun Plus.
• Vision: To promote self-employment, financial inclusion, and social equity by supporting underserved communities.

Important Terms Explained:

• Pradhan Mantri MUDRA Yojana (PMMY): A flagship financial inclusion initiative launched in 2015 to provide credit access to micro enterprises without the need for collateral.
• Shishu Loan: Loans up to ₹50,000 aimed at supporting very small/startup businesses.
• Kishor Loan: Loans between ₹50,000 and ₹5 lakh for businesses looking to expand.
• Tarun Loan: Loans between ₹5 lakh and ₹10 lakh for growing enterprises.
• Tarun Plus: A special extension of Tarun category for successful repeat borrowers, offering loans up to ₹20 lakh.
• MUDRA: Micro Units Development and Refinance Agency, the implementing agency under PMMY.

Tabular Summary:

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Sports – Daily Current Affairs April 08

2. Who won the 2025 Japanese Grand Prix, securing his fourth consecutive victory at the circuit?
A) Lando Norris
B) Oscar Piastri
C) Charles Leclerc
D) George Russell
E) Max Verstappen
Answer: E) Max Verstappen

Event and Location:

• Event: Max Verstappen wins the 2025 Japanese Grand Prix for the fourth consecutive time.
• Location: Suzuka, Japan
• Date: 7 April 2025

Mandates and Objectives:

• Race Achievement: Verstappen secured his first victory of the 2025 Formula 1 season at the Japanese GP.
• Qualifying Milestone: Achieved pole position with a lap time 0.012 seconds faster than Lando Norris.
• Team Significance: Marked Red Bull’s final race in Japan with Honda engine partnership.
• Championship Impact: Victory brings Verstappen within one point of Norris in the overall driver’s standings.
• Strategic Execution: Used effective tire strategy and pit stop timing to maintain lead throughout the race.

Important Terms Explained:

• Pole Position: The front-most starting spot on the race grid, awarded to the driver with the fastest qualifying time.
• Undercut: A strategy in which a driver pits earlier than a rival to gain time on fresher tires, potentially overtaking them during their stop.
• Stewards: Officials responsible for enforcing the rules during a Formula 1 race, including investigating incidents and issuing penalties.

Tabular Summary:

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3. Who became the first Indian cricketer to score 13,000 runs in T20 cricket?
A) Rohit Sharma
B) Suresh Raina
C) MS Dhoni
D) Virat Kohli
E) KL Rahul
Answer: D) Virat Kohli

Event and Location:

• Event: Virat Kohli becomes the first Indian to score 13,000 runs in T20 cricket.
• Location: Wankhede Stadium, Mumbai
• Date: During IPL 2025, RCB vs MI match

Mandates and Objectives:

• T20 Milestone: Kohli became the first Indian and fifth player globally to cross 13,000 T20 runs.
• Career Legacy: Reinforces Kohli’s dominance and longevity in the shortest format of the game.
• Record Speed: Achieved the milestone in 386 innings, making him the second-fastest ever after Chris Gayle.
• IPL Platform: The record was reached during an Indian Premier League match, highlighting the tournament’s role in global T20 achievements.

Important Terms Explained:

• T20 Cricket: A format of cricket where each team plays a maximum of 20 overs. It is the shortest official format in international and franchise cricket.
• Innings: A team or player’s turn to bat. Kohli reached 13,000 runs in 386 T20 innings.
  RCB (Royal Challengers Bengaluru): The IPL franchise for which Kohli has played since the inception of the league.
• Milestone: A significant point in a player’s career marking an exceptional achievement in statistics.

Tabular Summary:

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Obituary – Daily Current Affairs April 08

4. Which Padma Shri awardee and legendary exponent of Rai folk dance passed away at the age of 92?
A) Ustad Bismillah Khan
B) Ram Sahay Pandey
C) Birju Maharaj
D) Sonal Mansingh
E) Shovana Narayan
Answer: B) Ram Sahay Pandey

Event and Location:

• Event: Demise of Padma Shri awardee and folk dancer Ram Sahay Pandey.
• Location: Sagar, Madhya Pradesh
• Date: 8 April 2025

Mandates and Objectives:

• Cultural Contribution: Dedicated his life to promoting and reviving the Rai folk dance of Bundelkhand.
• Social Impact: Broke caste-based barriers to give national recognition to a marginalized art form.
• Institution Building: Founded Bundelkhandi Lok Nritya Natya Kala Parishad to promote regional folk traditions.
• Global Outreach: Took Rai dance from village fairs to international cultural stages.

Important Terms Explained:

• Rai Dance: A traditional folk dance of the Bundelkhand region, historically associated with the Bedia community and once considered socially stigmatized.
• Padma Shri: The fourth-highest civilian award in India, awarded for distinguished contributions in various fields including arts.
• Nritya Shiromani: A prestigious title awarded to Ram Sahay Pandey in 1980, recognizing his excellence in dance.
• Bundelkhandi Lok Nritya Natya Kala Parishad: An organization founded by Pandey to conserve and promote folk dance and theatre arts of Bundelkhand.

Tabular Summary:

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Appointments – Daily Current Affairs April 08

5. Who has been appointed as the Executive Director – Technology and Operations at Equitas Small Finance Bank in March 2025?
A) Sandeep Bakhshi
B) Balaji Nuthalapadi
C) Vasudevan P N
D) Rajkiran Rai G
E) Shyam Srinivasan
Answer: B) Balaji Nuthalapadi

Event and Location:

• Event: Appointment of Executive Director – Technology and Operations at Equitas Small Finance Bank.
• Location: India
• Date: 29 March 2025

Mandates and Objectives:

• Digital Strategy: To drive the bank’s digital-first strategy by integrating modern technologies into its operations.
• Customer Experience: To enhance customer satisfaction through technology-enabled banking services.
• Operational Enhancement: To streamline processes and ensure efficiency in banking operations.
• Social Impact: To contribute towards financial inclusion in underserved regions through tech-led solutions.

Important Terms Explained:

• Executive Director – Technology and Operations: A key leadership position responsible for overseeing the integration of technology in all banking operations and managing end-to-end operational strategies.
• Financial Inclusion: The process of providing affordable and accessible financial services to low-income and underbanked individuals.
• Digital Transformation: A strategic overhaul of services and infrastructure using digital technologies to improve efficiency and experience.

Tabular Summary:

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6. Who has been recommended by the Supreme Court Collegium as the next Chief Justice of the Jammu & Kashmir and Ladakh High Court?
A) Justice Tashi Rabtan
B) Justice Ravi Shankar Jha
C) Justice Rajesh Bindal
D) Justice Arun Palli
E) Justice Hemant Gupta
Answer: D) Justice Arun Palli

Event and Location:

• Event: Recommendation of Justice Arun Palli as Chief Justice of the Jammu & Kashmir and Ladakh High Court.
• Location: India
• Date: 8 April 2025

Mandates and Objectives:

• Recommendation Purpose: To fill the vacancy arising after the retirement of Chief Justice Tashi Rabtan on 9 April 2025.
• Candidate Profile: Justice Arun Palli is currently a senior judge of the Punjab and Haryana High Court with broad legal expertise.
• Judicial Experience: Known for handling civil, criminal, constitutional, industrial, and labor law cases with excellence.
• Leadership Objective: Ensure seamless transition and continuity in judicial leadership at the J&K and Ladakh High Court.

Important Terms Explained:

• Supreme Court Collegium: A group of the senior-most judges of the Supreme Court responsible for recommending judicial appointments and transfers in higher judiciary.
• Chief Justice: The head of a High Court, responsible for judicial and administrative functions of the court.
• Legal Services Authority: A statutory body providing free legal aid and ensuring access to justice for all, especially underprivileged citizens.

Tabular Summary:

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7. Who has been appointed as the new CEO of the Oman India Joint Investment Fund (OIJIF) in April 2025?
A) Rajnish Kumar
B) Suresh Sethi
C) Satish Chavva
D) Sandeep Bakhshi
E) V. Vaidyanathan
Answer: C) Satish Chavva

Event and Location:

• Event: Appointment of Satish Chavva as CEO of Oman India Joint Investment Fund (OIJIF).
• Location: India
• Date: 8 April 2025

Mandates and Objectives:

• CEO Appointment Purpose: Strengthen strategic leadership and enhance long-term value creation for the fund’s investors.
• Leadership Role: Chavva will drive OIJIF’s investment strategy, oversee portfolio growth, and collaborate closely with the Board.
• Organizational Vision: Focus on scaling investments across high-growth sectors in India and maintaining investor confidence.

Important Terms Explained:

• OIJIF: Oman India Joint Investment Fund, a private equity fund jointly promoted by the Oman Investment Authority (OIA) and State Bank of India (SBI), focused on investments in India’s growth sectors.
• Private Equity: A form of investment where funds are directly invested into private companies to support their expansion and strategic growth.
• British International Investment (BII): The UK’s development finance institution where Satish Chavva previously served as Head of Direct Private Equity for South Asia.

Tabular Summary:

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Awards – Daily Current Affairs April 08

8. Which country awarded President Droupadi Murmu the ‘City Key of Honour’ during her state visit in April 2025?
A) Spain
B) Germany
C) France
D) Portugal
E) Italy
Answer: D) Portugal

Event and Location:

• Event: President Droupadi Murmu received the ‘City Key of Honour’ during her state visit to Portugal.
• Location: Lisbon, Portugal
• Date: 7 April 2025

Mandates and Objectives:

• Recognition Award: The Mayor of Lisbon presented President Murmu with the ‘City Key of Honour’ in recognition of her leadership and contribution to diplomacy.
• Diplomatic Celebration: The visit marked the 50th anniversary of India–Portugal diplomatic relations.
• Bilateral Strengthening: Aimed at deepening cooperation in science, technology, defence, culture, and education.
• Strategic Vision: Promote India’s development as a knowledge-based, innovation-driven economy with Portugal as a key European partner.

Important Terms Explained:

• City Key of Honour: A ceremonial symbol of respect and recognition given by a city to dignitaries and global leaders.
• Knowledge Economy: An economy based on the creation, distribution, and use of knowledge and information, typically emphasizing innovation, education, and digital development.
• India–Portugal Bilateral Relations: Diplomatic engagement between India and Portugal established in 1975, evolving into strategic cooperation across multiple sectors.

Tabular Summary:

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International Affairs – Daily Current Affairs April 08

9. India has been elected to which United Nations body for the 2025–2027 term to promote global accounting standards?
A) UNGA
B) UNDP
C) ISAR
D) UNSC
E) UNEP
Answer: C) ISAR

Event and Location:

• Event: India elected to the United Nations ISAR for the 2025–2027 term.
• Location: United Nations (Global Appointment)
• Date: 8 April 2025

Mandates and Objectives:

• Appointment Purpose: To contribute to the development and standardization of international accounting and reporting practices.
• India’s Global Role: Strengthening India’s voice in setting global financial reporting and corporate transparency standards.
• Key Responsibility: Promote financial stability, responsible corporate governance, and enhanced investor confidence worldwide.
• ISAR Mission: To build consistency, accountability, and transparency in both financial and non-financial disclosures.
• UNCTAD Oversight: ISAR functions under UNCTAD, focusing on policy guidance, technical assistance, and capacity building.

Important Terms Explained:

• ISAR: Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, a UN body under UNCTAD.
• UNCTAD: United Nations Conference on Trade and Development, responsible for dealing with development issues, particularly international trade and finance.
• Accounting Development Tool: A tool developed by ISAR to assess and improve national accounting frameworks.
• Non-Financial Reporting: Disclosures related to environmental, social, and governance (ESG) factors and corporate responsibility.

Tabular Summary:

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10. Which country has proposed the formation of a UN-backed Global Climate Action Council ahead of COP30?
A) India
B) Brazil
C) Germany
D) Sweden
E) France
Answer: B) Brazil

Event and Location:

• Event: Brazil proposes the creation of a Global Climate Action Council under the UNFCCC.
• Location: Brazil (Proposal), Belem to host COP30
• Date: 8 April 2025

Mandates and Objectives:

• Proposal Objective: To establish a Global Climate Action Council for quicker, coordinated, and simplified climate action.
• Framework: The council would operate within the UNFCCC and support faster implementation of climate decisions.
• Function: Serve as a central platform to monitor progress, reduce bureaucracy, and promote transparency in climate governance.
• Efficiency Goal: Address the limitations of the current slow and complex negotiation mechanisms under the UNFCCC.

Important Terms Explained:

• UNFCCC: United Nations Framework Convention on Climate Change, an international treaty for combating climate change through negotiations and commitments.
• COP30: The 30th annual Conference of the Parties to the UNFCCC, scheduled to take place in November 2025 in Belem, Brazil.
• Global Climate Action Council: A proposed new body under the UNFCCC framework, envisioned to streamline and accelerate climate policy decision-making and implementation.
• Bureaucratic Hurdles: Delays caused by excessive procedural complexity, which the proposed council aims to minimize in global climate governance.

Tabular Summary:

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National Affairs – Daily Current Affairs April 08

11. Who released the Digital Threat Report 2024 for the BFSI sector on 7 April 2025?
A) Ministry of Defence and CERT-In
B) NITI Aayog and RBI
C) MeitY, DFS, CSIRT-Fin, and SISA
D) SEBI and Ministry of Finance
E) RBI and SISA
Answer: C) MeitY, DFS, CSIRT-Fin, and SISA

Event and Location:

• Event: Launch of Digital Threat Report 2024 for the BFSI sector.
• Location: India
• Date: 7 April 2025

Mandates and Objectives:

• Purpose: To analyze cyber threats and challenges in the BFSI sector and provide practical defense strategies.
• Sector Focus: Banking, Financial Services, and Insurance (BFSI).
• Need for Action: Increased digital adoption and AI-based threats have expanded attack surfaces and risks.
• Strategic Objective: To establish a unified cybersecurity approach across government, industry, and cyber intelligence bodies.
• Report Outcome: Offers actionable insights for strengthening cyber posture and enabling long-term digital resilience.

Important Terms Explained:

• BFSI: Banking, Financial Services, and Insurance sector, a critical part of the Indian financial ecosystem.
• CERT-In: Computer Emergency Response Team – India, a government agency under MeitY responsible for cybersecurity oversight and incident response.
• CSIRT-Fin: Computer Security Incident Response Team for the financial sector, focused on identifying and managing cyber incidents specific to BFSI.
• SISA: A global cybersecurity company specializing in forensics and cyber defense solutions for financial institutions.
• AI-driven Attacks: Cyberattacks that use artificial intelligence to adapt, evade, and exploit system vulnerabilities more efficiently than traditional methods.
• Cyber Resilience: The ability of an organization or system to anticipate, withstand, recover from, and adapt to adverse cyber events.

Tabular Summary:

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12. Who inaugurated the Madhavpur Mela 2025 in Porbandar district, Gujarat?
A) Narendra Modi
B) Mansukh Mandaviya
C) Bhupendra Patel
D) Amit Shah
E) Harsh Sanghavi
Answer: C) Bhupendra Patel

Event and Location:

• Event: Inauguration of Madhavpur Mela 2025 celebrating the divine marriage of Lord Krishna and Rukmaniji.
• Location: Madhavpur, Porbandar district, Gujarat
• Date: 6 April 2025

Mandates and Objectives:

• Festival Theme: Commemoration of the divine marriage of Lord Krishna (Dwarka) and Rukmaniji (Arunachal Pradesh).
• Cultural Message: Promotes unity, devotion, and cultural harmony between Western and Northeastern India.
• National Status: Elevated to a national-level cultural event since 2018.
• Tourism Development: Enhances pilgrimage infrastructure and promotes Madhavpur as a religious tourism hub.
• Infrastructure Investment: Boosts connectivity and development across key destinations like Somnath, Dwarka, and Porbandar.

Important Terms Explained:

• Madhavpur Mela: A cultural and religious fair held annually to celebrate the union of Lord Krishna and Rukmaniji, symbolizing India’s spiritual and regional integration.
• Rukmani Temple: A sacred site in Madhavpur associated with the divine wedding of Krishna and Rukmaniji, now receiving pilgrimage infrastructure upgrades.
• Ram Navami: A Hindu festival marking the birth of Lord Rama, often associated with religious celebrations across India.
• Ghed Area: A flood-prone region in Gujarat where the government is investing in salt control and flood management.

Tabular Summary:

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13. Which Indian state became the first to announce a 20% reservation for Agniveers in police jobs?
A) Rajasthan
B) Uttar Pradesh
C) Haryana
D) Punjab
E) Madhya Pradesh
Answer: C) Haryana

Event and Location:

• Event: Haryana government announced a 20% reservation for Agniveers in police recruitment.
• Location: Haryana
• Date: 8 April 2025

Mandates and Objectives:

• Reservation Initiative: To provide post-service employment assurance to Agniveers in the Haryana Police.
• Employment Security: Ensures job opportunities for Agniveers once their service term under Agnipath ends.
• Horizontal Reservation: Includes 10% earlier reservation for posts like constables and forest guards.
• Welfare Expansion: Aims to support Agniveers with multiple schemes for self-reliance and reintegration.

Important Terms Explained:

• Agniveers: Youth recruited into the armed forces under the Agnipath Scheme for a four-year term, introduced in 2022.
• Agnipath Scheme: A central government military recruitment initiative designed to build a younger and more dynamic defence force, while offering skill-building and exit support to youth.
• Horizontal Reservation: A type of reservation provided across all categories (such as SC/ST/OBC/General) for certain groups like ex-servicemen, women, and now Agniveers.

Tabular Summary:

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14. Which ministry released the “Women and Men in India 2024” report highlighting gender-specific progress across sectors?
A) Ministry of Women and Child Development
B) Ministry of Home Affairs
C) Ministry of Labour and Employment
D) Ministry of Statistics and Programme Implementation
E) Ministry of Social Justice and Empowerment
Answer: D) Ministry of Statistics and Programme Implementation

Event and Location:

• Event: Release of the “Women and Men in India 2024” report by the Ministry of Statistics and Programme Implementation (MoSPI).
• Location: India
• Date: 8 April 2025

Mandates and Objectives:

• Report Purpose: To present comprehensive gender-disaggregated data across various sectors to evaluate progress and highlight challenges.
• Monitoring Gender Equality: The report aids in assessing women’s participation and access in areas like education, employment, health, and financial systems.
• Policy Support: It provides a critical evidence base to inform gender-sensitive policies and interventions by the government.

Important Terms Explained:

• Gender Parity Index (GPI): A measure of the relative access to education of males and females. A GPI above 1.00 indicates more female enrolment than male.
• Female Labour Force Participation Rate (LFPR): The percentage of women aged 15 and above who are part of the workforce, either employed or seeking employment.
• DEMAT Account: A digital account used for holding shares and securities in electronic format, enabling participation in the stock market.
• Total Fertility Rate (TFR): The average number of children born to a woman over her lifetime; a TFR of 2.0 indicates near replacement level.

Tabular Summary:

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Over All Review

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