Daily Current Affairs August 02 & 03

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 02 & 03. 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 02 & 03 | Daily Current Affairs 2025

Important Days – Daily Current Affairs August 02 & 03

1. Which of the following best describes the focus of Cloves Syndrome Awareness Day, observed annually on August 3?
A) Spreading awareness about vitamin deficiencies in children
B) Promoting herbal medicine for rare diseases
C) Highlighting a rare genetic disorder with overgrowth and vascular malformations
D) Supporting the eradication of skin infections in tropical countries
E) Encouraging bone marrow donations for spinal cancer patients
Answer: C) Highlighting a rare genetic disorder with overgrowth and vascular malformations

Event and Location:

• Event: Cloves Syndrome Awareness Day 2025
• Location: Global
• Date: August 3, 2025

Mandates and Objectives:

• Mandates: To observe Cloves Syndrome Awareness Day annually on August 3 to educate the public, medical professionals, and caregivers about CLOVES syndrome.
• Objectives: Increase early diagnosis, promote better treatment access, reduce misdiagnosis, and support research and community care for patients affected by this rare condition.

Important Terms Explained:

• CLOVES Syndrome: A rare congenital disorder involving Congenital Lipomatous Overgrowth, Vascular malformations, Epidermal nevi, and Skeletal/spinal anomalies, often present from birth and varying in severity.
• Vascular Malformations: Abnormalities in blood vessels that can cause swelling, skin discoloration, pain, and circulatory issues.
• Sirolimus (mTOR inhibitor): A targeted medication used to slow abnormal tissue growth in patients with CLOVES and similar overgrowth syndromes.

Tabular Summary:

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Sports – Daily Current Affairs August 02 & 03

2. Who among the following secured three wins in a single day across different women’s races at the MRF MMSC FMSCI National Motorcycle Racing Championship 2025?
A) Ryhana Bee
B) Ann Jennifer
C) Jagathishree Kumaresan
D) Johann Reeves Emmanuel
E) Sarthak Chavan
Answer: C) Jagathishree Kumaresan

Event and Location:

• Event: Rolon Round of the MRF MMSC FMSCI Indian National Motorcycle Racing Championship 2025
• Location: Kari Motor Speedway, Coimbatore, Tamil Nadu
• Date: August 2, 2025

Mandates and Objectives:

• Mandates: The event featured multiple categories of races including Pro-Stock, One-Make Championships, Talent Cups, and Women’s Races, showcasing India’s top and emerging motorcycle racing talent.
• Objectives: To promote professional and grassroots-level motorsports in India and provide a competitive platform for men and women riders across categories and skill levels.

Important Terms Explained:

• Pro-Stock Category: A race classification featuring production motorcycles with limited modifications, divided by engine capacity (e.g., 165cc, 301-400cc).
• One-Make Championship: Manufacturer-specific race formats (like Petronas TVS One-Make, Honda Talent Cup) where all participants ride identical bikes to ensure parity and skill-based competition.
• MRF MMSC FMSCI Championship: India’s premier national motorcycle racing series organized by Madras Motor Sports Club and approved by FMSCI (Federation of Motor Sports Clubs of India).

Tabular Summary:

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Obituary – Daily Current Affairs August 02 & 03

3. Why was Dr AK Rairu Gopal, who recently passed away, famously known as the “two-rupee doctor”?
A) He ran a government-funded free hospital
B) He charged only ₹2 for consultations for many years
C) He provided telemedicine services for ₹2
D) He sold medicines at ₹2 per pack
E) He was part of the National Free Health Scheme
Answer: B) He charged only ₹2 for consultations for many years

Event and Location:

• Event: Death of Dr AK Rairu Gopal, Kerala’s “two-rupee doctor”
• Location: Kannur, Kerala
• Date: August 3, 2025

Mandates and Objectives:

• Mandates: Dr AK Rairu Gopal provided medical care at extremely nominal charges—starting with ₹2 per consultation—for over five decades in Kannur, Kerala.
• Objectives: To ensure that the underprivileged received affordable and timely medical care without being turned away due to financial constraints.

Important Terms Explained:

• Two-Rupee Doctor: A nickname given to Dr Gopal for charging just ₹2 per consultation for many years, symbolizing affordability and selfless service.
• IMA Award: The Indian Medical Association’s recognition for outstanding service; Dr Gopal was honored as the best family doctor in Kerala.
• Family Doctor: A general practitioner who provides comprehensive health care to individuals and families across all ages, commonly respected in rural and semi-urban communities.

Tabular Summary:

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Ranking – Daily Current Affairs August 02 & 03

4. What was the minimum temperature recorded in Delhi on August 2, 2025, according to IMD?
A) 29.4°C
B) 28.1°C
C) 27.5°C
D) 25.7°C
E) 24.3°C
Answer: D) 25.7°C

Event and Location:

• Event: Delhi weather update and AQI report
• Location: New Delhi, India
• Date: August 2, 2025

Mandates and Objectives:

• Mandates: The India Meteorological Department (IMD) reported a minimum temperature of 25.7°C, which is 1.4°C below the seasonal average for New Delhi. The Air Quality Index (AQI) was recorded in the ‘Satisfactory’ category.
• Objectives: To inform the public about current weather patterns, forecast rainfall activity, and update air quality status for better environmental awareness and preparedness.

Important Terms Explained:

• India Meteorological Department (IMD): A government agency under the Ministry of Earth Sciences responsible for weather forecasting, meteorological observations, and seismology.
• Air Quality Index (AQI): A numerical scale used to communicate the quality of air; an AQI in the ‘Satisfactory’ range indicates minor breathing discomfort to sensitive individuals.
• Relative Humidity: A measure of the amount of moisture in the air. At 8:30 am, Delhi recorded 81% relative humidity, indicating high moisture presence before rain activity.

Tabular Summary:

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Banking and Finance – Daily Current Affairs August 02 & 03

5. What strategic step has Nippon India Mutual Fund recently taken to deepen financial inclusion in India’s high-altitude and border regions?
A) Launched a digital-only mutual fund app
B) Opened a branch in Leh, Ladakh
C) Announced an IPO
D) Partnered with SEBI for awareness campaigns
E) Started operations in Andaman & Nicobar Islands
Answer: B) Opened a branch in Leh, Ladakh

Event and Location:

• Event: Nippon India Mutual Fund opened a branch in Leh to deepen financial inclusion
• Location: Leh, Ladakh (Union Territory)
• Date: August 3, 2025

Mandates and Objectives:

• Mandates: Nippon Life India Asset Management Ltd. has launched its 167th branch in Leh, becoming the first AMC with a physical presence in the high-altitude Ladakh region.
• Objectives:
  • To bridge the financial literacy gap in border regions
  • Offer local residents access to regulated mutual fund investments
  • Expand physical and digital infrastructure in underserved territories
  • Promote inclusivity in capital market participation

Important Terms Explained:

• Nippon Life India Asset Management Ltd. (NAM India): A leading Indian asset management company promoted by Japan’s Nippon Life Insurance, managing mutual fund investments across India.
• AAUM (Average Assets Under Management): The average value of total assets managed by a mutual fund during a specific period, used as a performance indicator.
• Financial Inclusion: The effort to ensure individuals and businesses have access to useful and affordable financial products and services—such as banking, insurance, and investments—delivered in a responsible and sustainable way.
• Specialised Investment Fund (SIF): A proposed product by NAM India aimed at offering customized, goal-based investment solutions, especially for underserved regions.

Tabular Summary:

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6. What is Punjab National Bank’s (PNB) total business growth target for FY26, as stated by MD Ashok Chandra?
A) ₹27 lakh crore
B) ₹28.5 lakh crore
C) ₹29.56 lakh crore
D) ₹30 lakh crore
E) ₹32 lakh crore
Answer: D) ₹30 lakh crore

Event and Location:

• Event: PNB aims to achieve ₹30 lakh crore total business by FY26 end
• Location: India (nationwide operations)
• Date: August 3, 2025

Mandates and Objectives:

• Mandates:
  • Punjab National Bank has set a business target of ₹30 lakh crore for FY26.
  • The bank is focused on expanding corporate lending, retail loans, and rural infrastructure support.
  • The bank will disburse a ₹1.29 lakh crore corporate loan pipeline and has reduced bulk deposits.
• Objectives:
  • Enhance operating profit and strengthen the bottom line.
  • Achieve 11–12% credit growth and 9–10% deposit growth.
  • Expand outreach in priority sectors like MSMEs, agriculture, SHGs, and project financing.
  • Strengthen CASA deposits and financial inclusion through stable individual savings.

Important Terms Explained:

• CASA Deposits:
  • Current Account Savings Account deposits are low-cost funds for banks that boost profitability. High CASA ratio means more stable and cheaper funding.
• CRAR (Capital to Risk Weighted Assets Ratio):
  • A bank’s measure of capital adequacy. PNB reported a strong CRAR of 17.5%, indicating financial stability and lending capacity.
• Self Help Group (SHG) Lending:
  • Credit provided to small, often rural groups primarily formed by women to encourage savings and financial inclusion. Helps promote priority sector lending.
• Operating Profit:
  • Profit generated from core banking activities, excluding treasury and extraordinary income. PNB posted its highest-ever ₹7,081 crore in Q1 FY26.

Tabular Summary:

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Business and Economy – Daily Current Affairs August 02 & 03

7. What was the percentage growth in gross GST collections in July 2025 compared to July 2024?
A) 6.2%
B) 1.7%
C) 7.5%
D) 11.4%
E) 3.3%
Answer: C) 7.5%

Event and Location:

• Event: Rise in India’s gross GST collections in July 2025
• Location: India (nationwide)
• Date: August 2, 2025 (data released)

Mandates and Objectives:

• Mandates: Gross Goods and Services Tax (GST) collections for July 2025 (sales in June) increased by 7.5% YoY to ₹1.96 lakh crore, while net GST collections grew by only 1.7% to ₹1.69 lakh crore due to a 66.8% rise in refunds.
• Objectives: To highlight trends in tax revenue generation, assess refund impacts on net revenue, and improve cash flows and refund processing systems for businesses.

Important Terms Explained:

• Goods and Services Tax (GST): A comprehensive indirect tax levied on manufacture, sale, and consumption of goods and services across India, replacing multiple cascading taxes. It includes CGST, SGST, IGST, and cess components.
• Gross GST Collections: Total tax revenue collected before deducting refunds. This includes CGST, SGST, IGST, and compensation cess.
• Net GST Collections: The amount of GST retained after accounting for refunds issued to taxpayers, reflecting actual government revenue.
• Refund Surge: A 66.8% YoY increase in GST refunds to ₹27,147 crore, significantly impacting net revenue. Refunds were up 117.6% domestically and 20% on imports.

Tabular Summary:

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Appointments – Daily Current Affairs August 02 & 03

8. Who recently took charge as the Commandant of the Indian Naval Academy at Ezhimala?
A) Vice Admiral CR Praveen Nair
B) Vice Admiral Dinesh Tripathi
C) Vice Admiral Sanjay Jasjit Singh
D) Vice Admiral Manish Chadha
E) Vice Admiral Anil Kumar Chawla
Answer: D) Vice Admiral Manish Chadha

Event and Location:

• Event: Appointment of Vice Admiral Manish Chadha as Commandant of INA
• Location: Indian Naval Academy, Ezhimala, Kerala
• Date: August 1, 2025

Mandates and Objectives:

• Mandates: Vice Admiral Manish Chadha has taken over as the Commandant of the Indian Naval Academy (INA), succeeding Vice Admiral CR Praveen Nair.
• Objectives: To enhance leadership training and professional military education for cadets of the Indian Navy, Indian Coast Guard, and friendly foreign maritime forces at INA.

Important Terms Explained:

• Indian Naval Academy (INA): India’s premier officer training establishment for the Indian Navy and Coast Guard located in Ezhimala, Kerala, focused on leadership and technical training.
• AVSM (Ati Vishisht Seva Medal): A military decoration awarded for “distinguished service of an exceptional order” to all ranks of the armed forces.
• VSM (Vishisht Seva Medal): An honor conferred for “distinguished service of a high order.”
• Flag Officer: A senior naval officer of the rank of Rear Admiral and above in the Indian Navy.
• Defence Services Staff College (DSSC), Wellington: A prestigious tri-service training institution for staff appointments and advanced military education.

Tabular Summary:

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9. Who has recently taken over as the 47th Vice Chief of Naval Staff (VCNS) of the Indian Navy?
A) Vice Admiral CR Praveen Nair
B) Vice Admiral Sanjay Jasjit Singh
C) Vice Admiral Sanjay Vatsayan
D) Vice Admiral Dinesh Tripathi
E) Vice Admiral R Hari Kumar
Answer: C) Vice Admiral Sanjay Vatsayan

Event and Location:

• Event: Appointment of Vice Admiral Sanjay Vatsayan as 47th Vice Chief of Naval Staff
• Location: Indian Navy Headquarters, New Delhi
• Date: August 1, 2025

Mandates and Objectives:

• Mandates: Vice Admiral Sanjay Vatsayan, AVSM, NM, has assumed charge as the 47th Vice Chief of Naval Staff (VCNS) of the Indian Navy, following a distinguished 30+ year service record.
• Objectives: To leverage his operational and strategic experience in guiding naval modernization, force planning, and policy development at the highest level of naval leadership.

Important Terms Explained:

• VCNS (Vice Chief of Naval Staff): The second-highest-ranking officer in the Indian Navy, responsible for overseeing operations, modernization, HR, and overall administration of the force.
• AVSM (Ati Vishisht Seva Medal): Awarded for “distinguished service of an exceptional order” in the Armed Forces.
• NM (Nau Sena Medal): Awarded to naval personnel for acts of exceptional devotion to duty or courage.
• Eastern Naval Command: One of the three major naval commands of the Indian Navy; Vice Admiral Vatsayan earlier served as Chief of Staff and Flag Officer Commanding Eastern Fleet.

Tabular Summary:

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10. Who has recently assumed charge as the Financial Advisor (Defence Services)?
A) Dr. Ajay Kumar
B) Shri Pabitra Margherita
C) Dr. Mayank Sharma
D) Rakesh Singh
E) Sanjay Mitra
Answer: C) Dr. Mayank Sharma

Event and Location:

• Event: Appointment of Dr. Mayank Sharma as Financial Advisor (Defence Services)
• Location: Ministry of Defence, New Delhi
• Date: August 1, 2025

Mandates and Objectives:

• Mandates: Dr. Mayank Sharma, a 1989-batch Indian Defence Accounts Service officer, has assumed charge as Financial Advisor (Defence Services) in the Ministry of Defence.
• Objectives: To oversee budgetary planning, financial management, expenditure control, and fiscal accountability of the defence services, ensuring strategic alignment with defence priorities.

Important Terms Explained:

• Financial Advisor (Defence Services): A senior financial officer in the Ministry of Defence responsible for advising on defence expenditure, financial regulations, and resource allocation across armed forces and defence establishments.
• Indian Defence Accounts Service (IDAS): A central civil service under the Ministry of Defence tasked with auditing, accounting, and budgeting for India’s defence forces.
• UNODC (United Nations Office on Drugs and Crime): A UN agency where Dr. Sharma served as India’s Alternate Permanent Representative, focusing on crime prevention, justice, and anti-corruption.

Tabular Summary:

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Awards – Daily Current Affairs August 02 & 03

11. Which film won Best Film at the 71st National Film Awards for the year 2023?
A) Jawan
B) 12th Fail
C) The Kerala Story
D) Sam Bahadur
E) Rocky Aur Rani Kii Prem Kahaani
Answer: B) 12th Fail

Event and Location:

• Event: Announcement of 71st National Film Awards (for 2023)
• Location: India (Awards declared by Ministry of Information and Broadcasting)
• Date: August 1, 2025

Mandates and Objectives:

• Mandates: To recognize excellence in Indian cinema across languages and categories including feature films, non-feature films, technical roles, and special social impact films.
• Objectives: To honour the artistic, technical, and narrative achievements in Indian cinema, promote cultural expression, and encourage diverse storytelling from all regions of the country.

71st National Film Awards – Major Winners Table

Regional Best Feature Films

Technical Awards

Performance Awards

Non-Feature Film Awards

Important Terms Explained:

• National Film Awards: India’s most prestigious film awards instituted by the Government of India in 1954 to promote cinematic excellence across all Indian languages and regions.
• AVGC (Animation, Visual Effects, Gaming, and Comics): A growing creative sector in India; HanuMan won in this newly introduced category for its contribution to AVGC storytelling.
• Best Film (12th Fail): A powerful narrative based on true events, widely appreciated for its direction, performance, and realistic portrayal of challenges faced by civil service aspirants.

Tabular Summary:

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Science and Technology – Daily Current Affairs August 02 & 03

12. Which of the following correctly describes NASA’s Crew-11 mission launched in August 2025?
A) A solo NASA mission to Mars
B) A cargo delivery flight to the Moon
C) An international four-member astronaut mission to the ISS via SpaceX
D) The first Chinese mission to dock at the ISS
E) A SpaceX-led private tourist mission to low-Earth orbit
Answer: C) An international four-member astronaut mission to the ISS via SpaceX

Event and Location:

• Event: Launch of NASA’s Crew-11 mission to the International Space Station (ISS)
• Location: Kennedy Space Center, Florida, USA
• Date: August 1, 2025 (launch); arrival on August 2, 2025

Mandates and Objectives:

• Mandates: NASA and SpaceX launched Crew-11, sending four astronauts (from the US, Russia, and Japan) aboard a SpaceX Dragon capsule to the ISS for a mission that may last eight months, longer than the standard six-month rotations.
• Objectives: To improve mission alignment with Russia’s spaceflight schedules, assess long-duration performance of the Dragon capsule, and sustain international scientific and operational collaborations aboard the ISS.

Important Terms Explained:

• SpaceX Crew-11 Mission: A part of NASA’s Commercial Crew Program using SpaceX’s Dragon spacecraft and Falcon 9 rocket to send international astronaut teams to the ISS.
• ISS (International Space Station): A joint international research station in low Earth orbit, operated by NASA, Roscosmos, ESA, JAXA, and others, facilitating scientific collaboration across nations.
• Roscosmos: Russia’s federal space agency, partnering with NASA on ISS operations; its head, Dmitry Bakanov, met NASA officials for the first time since 2018 during this mission.
• Artemis Program: NASA’s moon exploration initiative, focused on returning humans to the lunar surface. Russia is not participating, instead partnering with China on a separate lunar program.

Tabular Summary:

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International Affairs – Daily Current Affairs August 02 & 03

13. Where did Vietnamese EV maker VinFast inaugurate its second showroom in India?
A) Surat
B) Delhi
C) Hyderabad
D) Chennai
E) Mumbai
Answer: D) Chennai

Event and Location:

• Event: VinFast inaugurates its second showroom in India
• Location: Chennai, Tamil Nadu
• Date: August 3, 2025

Mandates and Objectives:

• Mandates:
  • Vietnamese electric vehicle manufacturer VinFast opened a new 4,700 sq. ft showroom in Teynampet, Chennai.
  • The showroom is promoted by Maansarovar Motors and will showcase premium electric SUVs VF 6 and VF 7.
  • India becomes the first market where VinFast is launching right-hand drive versions of its SUVs.
• Objectives:
  • To strengthen VinFast’s retail footprint in India with a plan to open 35 showrooms nationwide.
  • To deepen EV adoption in India by offering premium electric mobility solutions.
  • To support EV infrastructure by partnering with service and charging solution providers.

Important Terms Explained:

• VinFast:
  • A Vietnamese EV manufacturer, subsidiary of Vingroup JSC, focused on premium electric SUVs, e-scooters, and e-buses.
• VF 6 and VF 7:
  • Premium electric SUV models by VinFast. India is the first country to receive right-hand drive versions of these vehicles.
• Thoothukudi Plant:
  • VinFast’s assembly facility in Tamil Nadu where vehicles will be locally assembled for the Indian market.
• Maansarovar Motors:
  • Local dealership partner for VinFast in Chennai and Tamil Nadu, hosting its largest showroom in India so far.

Tabular Summary:

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Schemes – Daily Current Affairs August 02 & 03

14. What is the primary objective of the newly launched ‘Talliki Vandanam’ scheme in Andhra Pradesh?
A) To provide free college education to all students
B) To offer Rs 15,000 annually to mothers for each school-going child
C) To give one-time financial aid for child marriage prevention
D) To distribute free tablets to intermediate students
E) To promote adoption of digital attendance in schools
Answer: B) To offer Rs 15,000 annually to mothers for each school-going child

Event and Location:

• Event: Launch of the ‘Talliki Vandanam’ welfare scheme
• Location: Andhra Pradesh
• Date: June 12, 2025 (implementation window from June 12 to July 5)

Mandates and Objectives:

• Mandates: Andhra Pradesh government has launched the ‘Talliki Vandanam’ scheme offering Rs 15,000 per annum per child to eligible mothers/guardians of school-going children from Class I to Class XII.
• Objectives: To empower mothers in their role as educational caretakers, make school education more accessible, support educational expenses, and encourage child enrollment and demographic stabilization.

Important Terms Explained:

• Talliki Vandanam: A flagship welfare scheme launched by the Andhra Pradesh government under the “Super Six” promises, providing Rs 15,000 annually to every school-going child’s mother/guardian.
• Super Six: A set of six major welfare commitments made by Chief Minister N. Chandrababu Naidu during the 2024 election campaign, focusing on inclusive governance and economic support.
• Demographic Management: A policy approach aiming to address declining population growth by providing incentives that promote family growth and balanced population dynamics.

Tabular Summary:

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15. How many PM MITRA Parks have been approved under the government’s integrated textile infrastructure plan?
A) 5
B) 6
C) 7
D) 8
E) 10
Answer: C) 7

Event and Location:

• Event: Finalization of 7 PM MITRA Textile Parks under Central Government Scheme
• Location: Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, Maharashtra
• Date: August 1, 2025

Mandates and Objectives:

• Mandates: Government approved the setting up of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks with a budget outlay of ₹4,445 crore for 7 years up to FY 2027-28.
• Objectives: To attract ₹70,000 crore investment, generate nearly 20 lakh jobs, boost textile exports, and provide integrated infrastructure across the textile value chain.

Important Terms Explained:

• PM MITRA (Mega Integrated Textile Region and Apparel): A centrally sponsored scheme to establish integrated textile parks with world-class infrastructure, logistics, and plug-and-play manufacturing facilities across India.
• Samarth Scheme: Also known as Scheme for Capacity Building in Textiles Sector, it focuses on demand-driven, placement-oriented training and upskilling across textile sub-sectors (excluding spinning and weaving).
• National Technical Textiles Mission (NTTM): A national initiative (2020–2026) with an outlay of ₹1,480 crore aimed at strengthening the production and use of technical textiles through R&D, innovation, and market development.

Tabular Summary:

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16. Under the first phase of the Annadatha Sukhibhava scheme, how much total amount was transferred to farmers’ accounts?
A) ₹2,500 crore
B) ₹3,175 crore
C) ₹1,700 crore
D) ₹4,200 crore
E) ₹7,000 crore
Answer: B) ₹3,175 crore

Event and Location:

• Event: Launch and first-phase fund disbursal under Annadatha Sukhibhava Scheme
• Location: East Veerayapalem, Darsi Mandal, Prakasam District, Andhra Pradesh
• Date: August 2, 2025

Mandates and Objectives:

• Mandates: Andhra Pradesh CM N. Chandrababu Naidu launched the Annadatha Sukhibhava Scheme, transferring ₹7,000 each to 46.85 lakh farmers, combining ₹5,000 from the state government and ₹2,000 from the PM-Kisan scheme.
• Objectives: To boost farmer income, enhance agricultural productivity, deliver on Super Six poll promises, and ensure timely financial support through direct benefit transfer (DBT) for all eligible cultivators.

Important Terms Explained:

• Annadatha Sukhibhava: A flagship welfare scheme for farmers in Andhra Pradesh, part of the state’s Super Six promise, aiming to provide ₹20,000 annually in three instalments to each eligible farmer.
• PM-Kisan Scheme: A central government initiative providing ₹6,000 annually in three equal instalments to eligible farmers. For this phase, ₹2,000 was combined with the state component.
• Matsyakarula Sevalo: A support scheme for fisherfolk, offering enhanced direct financial aid and subsidised electricity to promote aquaculture and marine livelihoods.
• Drip Irrigation Subsidy: A government initiative offering up to 100% subsidy for SC/ST farmers and 90% subsidy in drought-prone areas to promote water conservation and efficiency in farming.

Tabular Summary:

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17. What is the primary objective of the BHASKAR platform launched by the Indian government?
A) To provide financial assistance to startups
B) To facilitate collaboration among startup ecosystem stakeholders
C) To regulate foreign investments in startups
D) To offer direct marketing services to startups
E) To register patents for Indian startups
Answer: B) To facilitate collaboration among startup ecosystem stakeholders

Event and Location:

• Event: Launch and pilot testing of BHASKAR platform for startup ecosystem engagement
• Location: India (PAN-India with outreach across States/UTs)
• Date: August 1, 2025 (as per ministerial reply)

Mandates and Objectives:

• Mandates:
  • Launch of BHASKAR (Bharat Startup Knowledge Access Registry) to enable registration and engagement for startups.
  • Pilot testing of key features such as peer interaction, stakeholder identification, scheme integration, and microsites.
  • Generation of BHASKAR IDs for registered startups.
  • Promotion and outreach efforts through collaboration with State Nodal Agencies, incubators, accelerators, universities, and social media.
• Objectives:
  • To strengthen the entrepreneurial ecosystem by fostering peer-to-peer collaboration.
  • To streamline access to Startup India schemes and ecosystem stakeholders.
  • To improve understanding of the needs and feedback from small and micro enterprises across States/UTs.
  • To create a unique registry of all participating startup entities and stakeholders in India.

Important Terms Explained:

• BHASKAR (Bharat Startup Knowledge Access Registry):
  • A digital platform created to facilitate interaction and integration among startups and associated ecosystem players. It provides unique IDs and features like collaboration tools and scheme microsites.
• Startup India:
  • A flagship initiative by the Government of India launched in 2016 to promote innovation, entrepreneurship, and facilitate the growth of startups through various schemes, tax exemptions, and funding support.
• Startup Ecosystem Stakeholders:
  • Entities that contribute to startup development, such as incubators, accelerators, universities, investors, State Nodal Agencies, and government ministries.

Tabular Summary:

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National Affairs – Daily Current Affairs August 02 & 03

18. What is the main objective of the India Post IT 2.0 initiative announced for full implementation by August 4?
A) To privatize post offices across rural India
B) To launch a new postal bank under RBI supervision
C) To digitize all 1.65 lakh post offices for integrated logistics and e-commerce services
D) To replace India Post with a private logistics network
E) To merge India Post with the Ministry of Electronics
Answer: C) To digitize all 1.65 lakh post offices for integrated logistics and e-commerce services

Event and Location:

• Event: Digitization of India Post under IT 2.0 transformation initiative
• Location: Pan-India
• Date: August 4, 2025 (target for full implementation)

Mandates and Objectives:

• Mandates: Over 86,000 post offices have been digitized with the remaining targeted for completion by August 4, as part of the India Post IT 2.0 initiative.
• Objectives: To modernize India Post’s logistics infrastructure, integrate with digital commerce platforms, enhance service delivery, and support rural e-commerce and public logistics.

Important Terms Explained:

• India Post IT 2.0: A large-scale digital transformation initiative aimed at modernizing operations of India Post through real-time tracking, digital payments, and integrated APIs.
• ONDC (Open Network for Digital Commerce): A government-led digital platform that facilitates open, interoperable e-commerce by integrating logistics and payment systems.
• Government e-Marketplace (GeM): A government procurement platform enabling transparent and efficient purchases, now integrated with India Post for logistics and cash-on-delivery services.

Tabular Summary:

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19. Which of the following statements correctly describes a recent infrastructure initiative launched in Andhra Pradesh?
A) Nitin Gadkari launched a new metro project in Visakhapatnam
B) Andhra Pradesh inaugurated a port modernization scheme under Sagarmala
C) 29 National Highway projects worth ₹5,233 crore were unveiled in Mangalagiri
D) A bullet train route from Tirupati to Vijayawada was inaugurated
E) The state declared 272 km of NH network as toll-free
Answer: C) 29 National Highway projects worth ₹5,233 crore were unveiled in Mangalagiri

Event and Location:

• Event: Inauguration and foundation laying of 29 National Highway projects
• Location: Andhra Pradesh (event held in Mangalagiri)
• Date: August 3, 2025

Mandates and Objectives:

• Mandates: Union Minister Nitin Gadkari inaugurated and laid foundation stones for 29 NH projects covering 272 km, with an investment of ₹5,233 crore.
• Objectives: To reduce accident-prone zones, eliminate railway crossings, strengthen rural and tribal connectivity, reduce transportation costs, and decongest urban hubs in Andhra Pradesh.

Important Terms Explained:

• National Highway Projects: These are government-funded road infrastructure projects aimed at expanding and upgrading the country’s road network to improve inter-state and intra-state connectivity.
• Black Spots (Accident-prone): Locations on highways where accidents occur frequently due to poor road geometry, heavy traffic, or lack of safety features.
• Logistics Cost Reduction: A national goal to bring down the logistics cost (as % of GDP) from 16% to 9% through efficient road infrastructure, thus boosting trade and exports.

Tabular Summary:

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20. What is the primary function of the newly deployed Kavach 4.0 system on Indian Railways?
A) Increase train ticket revenue through smart ticketing
B) Monitor track maintenance using drone surveillance
C) Prevent accidents by controlling train speed and signals
D) Facilitate on-board Wi-Fi and infotainment systems
E) Replace diesel engines with electric propulsion systems
Answer: C) Prevent accidents by controlling train speed and signals

Event and Location:

• Event: Commissioning of Kavach 4.0 Indigenous Safety System
• Location: Mathura–Kota section, Delhi–Mumbai corridor, India
• Date: July 30, 2025

Mandates and Objectives:

• Mandates: Indian Railways commissioned Kavach 4.0, a cutting-edge indigenous safety system on the high-density Mathura–Kota section to prevent collisions and enhance operational safety.
• Objectives: Improve train safety by automating braking and signal compliance, reduce human errors, maintain speed control during low visibility, and integrate advanced signaling through real-time telemetry.

Important Terms Explained:

• Kavach 4.0: An indigenous Automatic Train Protection (ATP) system approved in May 2025 for train speeds up to 160 kmph, featuring real-time communication, automatic braking, and RFID-based train tracking.
• SIL 4 (Safety Integrity Level 4): The highest level of safety standard used in railway and industrial systems, ensuring minimal failure in mission-critical operations.
• IRISET (Indian Railway Institute of Signal Engineering and Telecommunications): Premier institute under Indian Railways, training engineers and facilitating adoption of Kavach in B.Tech programs through MoUs with 17 AICTE-approved colleges.
• RFID Tags: Installed every 1 km and at signals, these enable Kavach to track exact train location and relay information for speed control and emergency brake application.

Tabular Summary:

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21. What recent mandate has FSSAI introduced for restaurants and eateries across India?
A) Compulsory organic certification for all ingredients
B) Free food for food safety inspectors
C) Mandatory QR codes linked to the Food Safety Connect App
D) Introduction of digital food menu audits
E) Installation of AI surveillance in kitchens
Answer: C) Mandatory QR codes linked to the Food Safety Connect App

Event and Location:

• Event: FSSAI mandates QR code display at food business outlets
• Location: Nationwide (India)
• Date: August 1, 2025

Mandates and Objectives:

• Mandates: All Food Business Operators (FBOs) including restaurants, cafés, dhabas, and eateries must display their FSSAI licence/registration certificate along with a QR code linked to the Food Safety Connect App at visible locations within their premises.
• Objectives: To empower consumers to report food safety or hygiene violations, access verified FBO information, and ensure real-time redressal by routing complaints to the appropriate authorities.

Important Terms Explained:

• FSSAI (Food Safety and Standards Authority of India): The apex food regulatory body under the Ministry of Health and Family Welfare responsible for ensuring food safety standards in India.
• Food Safety Connect App: A mobile application by FSSAI that allows users to lodge complaints, report hygiene violations, scan FBO licenses, and receive real-time alerts related to food safety.
• FBO (Food Business Operator): Any person or company involved in any aspect of the food business, whether manufacturing, processing, packaging, distribution, or retail.

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22. Where was India’s first FIFA Talent Academy launched in collaboration with AIFF and the Government of Telangana?
A) Bhubaneswar
B) Kolkata
C) Hyderabad
D) New Delhi
E) Bengaluru
Answer: C) Hyderabad

Event and Location:

• Event: Launch of FIFA’s first Talent Academy in India
• Location: Gachibowli Stadium, Hyderabad, Telangana
• Date: August 2, 2025

Mandates and Objectives:

• Mandates: FIFA, in partnership with AIFF and the Telangana Government, launched a residential talent academy to train 60 elite footballers—30 boys (U14) and 30 girls (U16).
• Objectives: To promote inclusivity, gender equality, and long-term football development through FIFA’s global Talent Development Scheme, in line with AIFF’s Vision 2047 roadmap.

Important Terms Explained:

• FIFA Talent Development Scheme: A global initiative launched by FIFA to invest in the grassroots and elite youth football systems worldwide to help nations identify and develop promising footballers.
• AIFF (All India Football Federation): The governing body of football in India responsible for organizing tournaments, managing national teams, and collaborating with global bodies like FIFA.
• Vision 2047: AIFF’s long-term plan aimed at transforming Indian football, with goals like qualifying for FIFA U-17 World Cups and improving infrastructure and talent development at all levels.

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23. What is the primary purpose of the MoU signed between ICAI and IAGES?
A) To promote gold exports
B) To establish a gold pricing mechanism
C) To implement an accreditation framework in the gold industry
D) To introduce a digital currency backed by gold
E) To merge both organizations into one
Answer: C) To implement an accreditation framework in the gold industry

Event and Location:

• Event: ICAI signs MoU with IAGES to implement accreditation in the gold industry
• Location: New Delhi, India
• Date: July 30, 2025

Mandates and Objectives:

• Mandates:
  • ICAI and IAGES signed a Memorandum of Understanding to introduce an accreditation framework for gold industry value chain partners.
  • The MoU was signed by Charanjot Singh Nanda, President of ICAI, and Kaushlendra Sinha, CEO of IAGES, in the presence of Arjun Ram Meghwal, Minister of Law and Justice.
• Objectives:
  • To align the gold industry’s operational standards with global best practices.
  • To create professional opportunities for ICAI members in accreditation and evaluation roles.
  • To introduce a code of conduct and improve governance and standardisation within the gold value chain.

Important Terms Explained:

• ICAI (Institute of Chartered Accountants of India):
  • A statutory body under the Chartered Accountants Act, 1949, responsible for regulating the chartered accountancy profession in India.
• IAGES (Indian Association of Gold Excellence and Standards):
  • An industry association promoting standardisation and excellence within India’s gold sector.
• Accreditation Framework:
  • A structured system for evaluating, certifying, and regulating gold industry value chain partners based on well-defined parameters and ethical codes.

Tabular Summary:

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24. Under NSIP-4, which state received the highest financial assistance for start-ups from NIFTEM-K?
A) Gujarat
B) Odisha
C) Tamil Nadu
D) Haryana
E) Maharashtra
Answer: C) Tamil Nadu

Event and Location:

• Event: Financial support to 8 start-ups under NSIP-4
• Location: Across 8 States in India, coordinated by NIFTEM-Kundli
• Date: August 1, 2025

Mandates and Objectives:

• Mandates:
  • NIFTEM-K provided over ₹85 lakh financial assistance to 8 start-ups across 8 states under the NIFTEM Start-up Incubation Programme (NSIP-4).
  • Tamil Nadu received the highest assistance with ₹13 lakh.
  • Start-ups also received mentoring and other incubation services.
• Objectives:
  • To promote innovation and entrepreneurship in the food processing sector.
  • To strengthen state-level startup ecosystems through national-level support and funding.
  • To foster food-tech start-ups aligned with national food security and economic growth goals.

Important Terms Explained:

• NIFTEM (National Institute of Food Technology Entrepreneurship and Management):
  • A premier institute under the Ministry of Food Processing Industries aimed at nurturing talent and entrepreneurship in food technology and allied sectors.
• NSIP (NIFTEM Start-up Incubation Programme):
  • A structured program to support early-stage startups in food processing with financial aid, mentoring, and infrastructure access. NSIP-4 refers to its fourth phase.
• Union Budget 2025–26 Announcement:
  • The government has announced the establishment of a new NIFTEM campus in Bihar, expanding food-tech education and research infrastructure.

Tabular Summary:

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Over All Review

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