Daily Current Affairs August 06

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 06. 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 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.

Static GK Information:

Titbits

Japan:

  • Capital: Tokyo
  • Currency: Japanese Yen (JPY)
  • Prime Minister: Fumio Kishida

Tabular Summary:

Detail Information
Event Hiroshima Day 2024
Location Hiroshima, Japan
Date August 6, 2024
Significance Commemorates the 1945 atomic bombing, promotes peace and a nuclear-free world

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.

Static GK Information:

Titbits

India:

  • Capital: New Delhi
  • Currency: Indian Rupee (INR)
  • Prime Minister: Narendra Modi
  • Union Minister of Textiles: Giriraj Singh

Tabular Summary:

Detail Information
Event 10th National Handloom Day Celebrations
Date 7th August 2024
Location Vigyan Bhawan, New Delhi
Chief Guest Vice President of India
Key Activities Sant Kabir and National Handloom Awards, release of a Coffee Table Book
Nationwide Activities Exhibitions, educational events, social media campaigns, handloom expos
Objective Honor handloom weavers, generate awareness, and commemorate the Swadeshi Movement

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.

Static GK Information:

Titbits

Graham Thorpe:

  • Played for: England National Cricket Team
  • Career Span: 1993-2005
  • Notable Achievements:
    • 100 Test matches with 6,744 runs, including 16 centuries.
    • 82 ODIs with 2,380 runs and 21 fifties.

Surrey County Cricket Club:

  • Headquarters: The Oval, London, England
  • Founded: 1845
  • Chairman: Oli Slipper

Tabular Summary:

Detail Information
Event Death of Graham Thorpe
Date of Death August 2024
Age 55
Cricket Career Played 100 Tests and 82 ODIs for England
Notable Statistics 6,744 Test runs (16 centuries), 2,380 ODI runs (21 fifties)
Clubs Played For Surrey County Cricket Club
Coaching Roles England Batting Coach, Assistant Coach, and appointed Afghanistan’s Head Coach
Legacy Revered cricketer for England and Surrey, remembered for his contributions to the sport

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.

Static GK Information:

Titbits

Reliance Industries Ltd.:

  • Headquarters: Mumbai, Maharashtra, India
  • Founded: 8 May 1973
  • Chairman and MD: Mukesh Ambani
  • Tagline: Growth is Life

Tabular Summary:

Detail Information
Event Fortune Global 500 List 2024
Company Reliance Industries Ltd
2024 Rank 86
Previous Rank (2023) 88
Significance Highest-ranked Indian firm on the list, improving by 69 places since 2021

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.

Static GK Information:

Titbits

Reserve Bank of India (RBI):

  • Founded: 1 April 1935
  • Headquarters: Mumbai, Maharashtra, India
  • Governor: Shaktikanta Das

Tabular Summary:

Detail Information
Event RBI revises NPAs provision norms for co-operative banks
Objective Ensure uniformity in BDDR treatment and smoother transition to new accounting standards
Affected Entities Urban Co-operative Banks, State Co-operative Banks, Central Co-operative Banks
Effective Date Immediate effect (August 2024)
Transition Timeline Complete transition by March 31, 2025
Key Requirements Provisions to be charged as an expense to P&L account from FY25, BDDR balances to be included in Tier 1 capital after adjustments

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.

Static GK Information:

Titbits

Nagaland:

  • Capital: Kohima
  • Chief Minister: Neiphiu Rio
  • Governor: La. Ganesan

SBI General Insurance:

  • Headquarters: Mumbai, Maharashtra, India
  • MD and CEO: Kishore Kumar Poludasu
  • Tagline: Suraksha Aur Bharosa Dono

Tabular Summary:

Detail Information
Event Signing of MoU for Disaster Risk Transfer Parametric Insurance Solution (DRTPS)
Location Kohima, Nagaland
MoU Signed Between Nagaland State Disaster Management Authority (NSDMA) and SBI General Insurance
MoU Duration Three years (2024-2027)
Significance Nagaland becomes the first state in India to implement DRTPS
Objective Protect critical infrastructure and reduce economic losses due to disasters

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.

Static GK Information:

Titbits

Capital Small Finance Bank:

  • Founded: 2016
  • Headquarters: Jalandhar, Punjab, India
  • MD & CEO: Sarvjit Singh Samra

Edelweiss Life Insurance:

  • Founded: 2011
  • Headquarters: Mumbai, Maharashtra, India
  • MD & CEO: Sumit Rai

Tabular Summary:

Detail Information
Event Bancassurance tie-up between CSFB and Edelweiss Life Insurance
Location Across CSFB’s 177 branches
Objective Provide comprehensive life insurance products to CSFB’s customer base
Strategic Importance Enhances CSFB’s offerings and expands Edelweiss Life’s reach
Bancassurance Model Banks sell insurance products, benefiting both bank and insurer
Regulatory Context IRDAI allows banks to partner with multiple insurers to boost insurance penetration

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.

Static GK Information:

Titbits

Fiji:

  • Capital: Suva
  • Currency: Fijian Dollar (FJD)
  • President: Williame Katonivere
  • Prime Minister: Sitiveni Rabuka

India:

  • Capital: New Delhi
  • Currency: Indian Rupee (INR)
  • President: Droupadi Murmu

Tabular Summary:

Detail Information
Event President Droupadi Murmu’s visit to Fiji
Location Suva, Fiji
Honor Conferred Companion of the Order of Fiji
Conferred by President of Fiji, Williame Katonivere
Key Events Address to Fijian Parliament, bilateral meeting, traditional welcome
Significance Strengthening of 75 years of diplomatic relations between India and Fiji

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.

Static GK Information:

Titbits

Indo-Tibetan Border Police (ITBP):

  • Founded: 24 October 1962
  • Headquarters: New Delhi, India
  • Director General: Dr. Sujoy Lal Thaosen

KamAZ:

  • Founded: 1969
  • Headquarters: Naberezhnye Chelny, Russia
  • Specialization: Manufacture of heavy-duty trucks and military vehicles.

Tabular Summary:

Detail Information
Event ITBP trials of Kamaz Typhoon-K vehicle
Location ITBP Transport Battalion, Chandigarh
Vehicle Type Kamaz-53949 Typhoon-K (4×4 Mine-Resistant Ambush Protected vehicle)
Key Features – Max speed: 100 km/h

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.

Static GK Information:

Titbits

Bharat Dynamics Limited (BDL):

  • Founded: 1970
  • Headquarters: Hyderabad, Telangana, India
  • Specialization: Manufacturer of missiles and allied defence equipment, including air-to-air and surface-to-air missiles.

Defence Research and Development Organisation (DRDO):

  • Founded: 1958
  • Headquarters: New Delhi, India
  • Chairman: Dr. Samir V. Kamat

Tabular Summary:

Detail Information
Event IAF clearance for Astra Mark 1 missile production
Missile Type Astra Mark 1, Beyond Visual Range (BVR) air-to-air missile
Production Agency Bharat Dynamics Limited (BDL)
Developer Defence Research and Development Organisation (DRDO)
Key Platforms To be integrated on Su-30 and LCA Tejas fighter aircraft
Project Cost Over ₹2,900 crore
Operational Capabilities All-weather, day and night, highly maneuverable, supersonic aircraft engagement

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.

Static GK Information:

Titbits

BIMSTEC:

  • Abbreviation: Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
  • Founded: 1997
  • Headquarters: Dhaka, Bangladesh
  • Secretary General: Tenzin Lekphell

India:

  • Capital: New Delhi
  • Currency: Indian Rupee (INR)
  • Prime Minister: Narendra Modi

Tabular Summary:

Detail Information
Event First BIMSTEC Business Summit
Location New Delhi, India
Date August 6-8, 2024
Inaugurated by External Affairs Minister S Jaishankar
Significance Aims to boost regional collaboration through trade, investment, and connectivity

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.

Static GK Information:

Titbits

ASEAN:

  • Founded: 8 August 1967
  • Headquarters: Jakarta, Indonesia
  • Secretary General: Dr. Kao Kim Hourn

India:

  • Capital: New Delhi
  • Currency: Indian Rupee (INR)
  • Prime Minister: Narendra Modi

Tabular Summary:

Detail Information
Event 5th AITIGA Joint Committee Meeting
Location Jakarta, Indonesia
Date July 29 to August 1, 2024
Co-Chairs Shri Rajesh Agrawal (India) and Ms. Mastura Ahmad Mustafa (Malaysia)
Objective Review and enhance the ASEAN-India Trade in Goods Agreement (AITIGA)
Significance Enhances economic cooperation between India and ASEAN, with focus on trade
Next Meeting To be held in India from November 19-22, 2024

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.

Static GK Information:

Titbits

India:

  • Capital: New Delhi
  • Currency: Indian Rupee (INR)
  • Minister of Youth Affairs and Sports: Dr. Mansukh Mandaviya

Saint Kitts and Nevis:

  • Capital: Basseterre
  • Currency: Eastern Caribbean Dollar (XCD)
  • Minister of Foreign Affairs: Dr. Denzil Douglas

Tabular Summary:

Detail Information
Event Signing of MoU for Sports Cooperation
Countries Involved India and Saint Kitts and Nevis
Key Signatories Dr. Mansukh Mandaviya (India) and Dr. Denzil Douglas (Saint Kitts and Nevis)
Key Areas of Cooperation Athlete training, coach education, youth exchanges, sports sciences, infrastructure
Objective Strengthen sports ties and enhance athletic development in both nations

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.

Static GK Information:

Titbits

ASSOCHAM:

  • Full Name: The Associated Chambers of Commerce and Industry of India
  • Founded: 1920
  • Headquarters: New Delhi, India
  • President: Ajay Singh

India:

  • Capital: New Delhi
  • Currency: Indian Rupee (INR)
  • Prime Minister: Narendra Modi

Tabular Summary:

Detail Information
Event Launch of the book “India@100: Envisioning Tomorrow’s Economic Powerhouse”
Location New Delhi, India
Author Prof. K V Subramanian
Launched by Union Minister Piyush Goyal
Vision India to become a $55 trillion economy by 2047
Key Sectors Infrastructure, employment, tourism, manufacturing, shipping, technology
Organized by ASSOCHAM

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.

Static GK Information:

Titbits

Tata Group:

  • Founded: 1868
  • Headquarters: Mumbai, Maharashtra, India
  • Chairman: N. Chandrasekaran

Assam:

  • Capital: Dispur
  • Chief Minister: Himanta Biswa Sarma
  • Governor: Gulab Chand Kataria

Tabular Summary:

Detail Information
Event Groundbreaking Ceremony of Tata Semiconductor Facility
Location Jagiroad, Morigaon, Assam
Project Cost ₹27,000 crore
Expected Jobs Created 27,000 direct and indirect jobs
Production Capacity 15 billion semiconductor chips annually
Operational Timeline Facility to be partially operational by 2025
Strategic Importance Aligns with India’s semiconductor mission, positioning Assam in the global semiconductor ecosystem

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.

Static GK Information:

Titbits

Ministry of Statistics and Programme Implementation (MoSPI):

  • Founded: 1999
  • Headquarters: New Delhi, India
  • Minister of State (Independent Charge): Rao Inderjit Singh

CERT-In:

  • Founded: 2004
  • Headquarters: New Delhi, India
  • Parent Ministry: Ministry of Electronics and Information Technology (MeitY)

Tabular Summary:

Detail Information
Event Launch of e-Sankhyiki Portal
Date June 29, 2024
Launched by Ministry of Statistics and Programme Implementation (MoSPI)
Key Modules Data Catalogue and Macro Indicators
Data Safety Measures Cloud storage, SSL implementation, security audits, CERT-In guidelines
Significance Enhances data management, sharing, and security for official statistics in India

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:

Titbits

Quality Council of India (QCI):

  • Founded: 1997
  • Headquarters: New Delhi, India
  • Chairperson: Jaxay Shah

Uttar Pradesh:

  • Capital: Lucknow
  • Chief Minister: Yogi Adityanath
  • Governor: Anandiben Patel

Tabular Summary:

Detail Information
Event Introduction of QCI Surajya Recognition & Ranking Framework
Objective Drive excellence in key sectors: Education, Health, Prosperity, and Governance
Top Performer in Shiksha Uttar Pradesh
Top Performers in Swasthya Tamil Nadu, Maharashtra, Chhattisgarh, Karnataka, Kerala, Rajasthan
Top Performers in Samriddhi Gujarat, Karnataka, Rajasthan, Maharashtra, Bihar
Significance Promotes high standards and best practices for a Viksit Bharat

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:

Titbits

Coal India Limited (CIL):

  • Founded: 1975
  • Headquarters: Kolkata, West Bengal, India
  • Chairman & MD: Pramod Agrawal
  • Type: Maharatna Public Sector Enterprise

GAIL (India) Limited:

  • Founded: 1984
  • Headquarters: New Delhi, India
  • Chairman & MD: Sandeep Kumar Gupta
  • Type: Maharatna Public Sector Enterprise

Tabular Summary:

Detail Information
Event Joint venture agreement for Coal to SNG plant
Location Raniganj, Eastern Coalfields Limited, West Bengal
Involved Parties Coal India Limited (CIL) and GAIL (India) Limited
Production Capacity 80000 Nm³ per hour of SNG, 633.6 million Nm³ annually
Technology Used Surface Coal Gasification (SCG)
Objective Reduce import dependency on natural gas, promote Atmanirbhar Bharat

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:

Titbits

University of Hyderabad (UoH):

  • Founded: 1974
  • Location: Hyderabad, Telangana, India
  • Chancellor: L. Narasimha Reddy
  • Vice-Chancellor: B. J. Rao

Federation of Asian Biotech Associations (FABA):

  • Founded: 2005
  • Headquarters: Hyderabad, Telangana, India
  • Executive President: P Reddanna

Tabular Summary:

Detail Information
Event FABA Innovation Summit
Location University of Hyderabad, Hyderabad, India
Dates August 17-18, 2024
Key Activities Whale Tank 2.0, Innovation Cluster Meeting, Awards Presentation
Notable Awards Lifetime Achievement Award (Dr. Sowmya Swaminathan), FABA Excellence Award (Rahul Purwar)
Objective Promote innovation and collaboration in the life sciences and biotech sectors

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.

Static GK Information:

Titbits

Thrive:

  • Headquarters: Mumbai, Maharashtra, India
  • Co-founder & CEO: Krishi Fagwani
  • Backed By: Jubilant Foodworks, Coca-Cola

ONDC:

  • Founded: 2021
  • Headquarters: New Delhi, India
  • MD & CEO: T Koshy

Tabular Summary:

Detail Information
Event Thrive joining ONDC Network
Location Mumbai, Maharashtra, India
Platform Thrive, a food discovery and ordering platform
Key Partners Jubilant Foodworks, Coca-Cola
Objective Expand reach and support equitable representation for restaurants
Significance Enhances visibility and customer base through integration with ONDC


Over All Review

Important Days

  • Hiroshima Day 2024 marks the 79th anniversary of the atomic bombing of Hiroshima.
  • India celebrates the 10th National Handloom Day on 7th August 2024, honoring weavers and promoting the handloom industry.

Obituary

  • Former England cricketer Graham Thorpe, who played 100 Tests, dies at 55.

Ranking 

  • Reliance Industries ranks 86th on the 2024 Fortune Global 500 list, improving by 69 places since 2021.

Banking and Finance 

  • RBI revises NPAs provision norms for co-operative banks, ensuring uniform BDDR treatment across entities.
  • Nagaland signs MoU with SBI General Insurance, becoming the first state to implement DRTPS for disaster management.
  • Capital Small Finance Bank and Edelweiss Life Insurance enter a bancassurance tie-up, enhancing life insurance offerings across 177 branches.

Awards 

  • President Droupadi Murmu received Fiji’s highest honor, Companion of the Order of Fiji, in Suva.

Defence

  • ITBP conducts trials of Kamaz Typhoon-K, a 4×4 MRAP vehicle, for LAC deployment.
  • IAF clears Bharat Dynamics Limited to produce Astra Mark 1 missiles, enhancing India’s air combat capabilities.

International Affairs

  • India to host the first BIMSTEC Business Summit from August 6-8, 2024, in New Delhi.
  • The 5th AITIGA Joint Committee meeting was held in Jakarta, Indonesia, to review ASEAN-India trade ties.
  • India and Saint Kitts and Nevis sign MoU to enhance cooperation in sports, focusing on training, exchange, and infrastructure.

National Affairs

  • Piyush Goyal launches “India@100,” envisioning India as a $55 trillion economy by 2047.
  • Tata Group’s ₹27,000 crore semiconductor facility in Assam to generate 27,000 jobs, operational by 2025.
  • MoSPI launches e-Sankhyiki portal to improve data management and sharing in India, ensuring robust data safety.
  • QCI launches Surajya Recognition & Ranking Framework, with Uttar Pradesh leading in education, aiming for a quality-driven Viksit Bharat.
  • CIL and GAIL sign JV for a Coal to SNG plant in West Bengal, promoting Atmanirbhar Bharat and reducing import dependency.
  • FABA Innovation Summit, to be held on August 17-18, 2024, in Hyderabad, aims to foster biotech innovation and collaboration.
  • Mumbai-based food tech platform Thrive joins ONDC, expanding reach and enhancing restaurant visibility across the digital commerce network.

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