Daily Current Affairs August 07

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 07. 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 07 | Daily Current Affairs 2025

Important Days – Daily Current Affairs August 07

1. What is the theme of National Handloom Day 2025?
A) Threads of Unity
B) Vocal for Local
C) Handlooms – Empowering Women, Empowering the Nation
D) Weaving a Greener Future
E) Celebrating Craftsmanship
Answer: C) Handlooms – Empowering Women, Empowering the Nation

Event and Location:

• Event: 11th National Handloom Day observed to honour India’s weaving community
• Location: India (national observance)
• Date: August 7, 2025

Mandates and Objectives:

• Mandates: The Ministry of Textiles is conducting national-level celebrations at Bharat Mandapam, New Delhi, where the Hon’ble President will felicitate weavers with Sant Kabir Handloom Awards and National Handloom Awards.
• Objectives: To celebrate and promote the handloom sector, commemorate the Swadeshi Movement, empower women artisans, and raise awareness about sustainable textile practices across India.

Important Terms Explained:

• National Handloom Day: Observed every year on August 7 to mark the launch of the Swadeshi Movement in 1905 and to promote indigenous handloom products. It was officially launched in 2015.
• Swadeshi Movement: A freedom movement that began in 1905 to boycott foreign goods, especially British textiles, and revive Indian-made handloom products.
• Sant Kabir Handloom Awards: Prestigious national awards given to master weavers for their exceptional craftsmanship and contribution to preserving traditional weaving practices.

Tabular Summary:

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2. Which date has been declared as Safai Andolan Day for Indus River conservation in Ladakh?
A) June 5
B) August 15
C) August 12
D) July 1
E) September 17
Answer: C) August 12

Event and Location:

• Event: Declaration of Safai Andolan Day for Indus River Conservation
• Location: Ladakh, Union Territory of India
• Date: August 12 (starting from 2025 onwards)

Mandates and Objectives:

• Mandates:
  • The Ladakh UT administration has declared August 12 as Safai Andolan Day dedicated to cleaning the Indus River and its tributaries.
  • This mass movement involves joint participation from government agencies, defence forces, Hill Council, school students, and civil society organisations.
• Objectives:
  • To promote river conservation and check water pollution, especially due to arsenic contamination.
  • To support and amplify the Mission Indus Clean-Up Movement for rejuvenating the Indus River ecosystem.
  • To foster community participation and awareness regarding the ecological importance of the river.

Important Terms Explained:

• Safai Andolan Day: A government-backed mass clean-up initiative aimed at conserving the Indus River by organizing cleanliness drives along the river and its tributaries annually on August 12.
• Mission Indus Clean-Up Movement: A targeted initiative by the Leh Hill Council launched in June 2025 to tackle water pollution, especially arsenic contamination, in the Indus River by combining community involvement, stricter regulations, and sewage treatment upgrades.
• Arsenic Contamination: The presence of toxic arsenic in river water is a public health concern and can arise from both natural deposits and anthropogenic activities like improper waste disposal.

Tabular Summary:

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Banking and Finance – Daily Current Affairs August 07

3. What is the new deadline for implementing Phase III of SEBI’s revised nomination framework in the securities market?
A) September 1, 2025
B) August 8, 2025
C) December 15, 2025
D) October 31, 2025
E) November 15, 2025
Answer: C) December 15, 2025

Event and Location:

• Event: SEBI extends deadlines for Phase II and III of nomination framework implementation
• Location: Securities market, India
• Date: July 31, 2025

Mandates and Objectives:

• Mandates: SEBI has extended the implementation timelines for Phase II and III of the revised nomination process to August 8 and December 15, 2025, respectively, after receiving feedback from depositories, depository participants, and industry associations.
• Objectives: The goal is to allow additional time for system development, testing, and process changes to ensure smooth and compliant implementation of the revised nomination guidelines across the securities market.

Important Terms Explained:

• SEBI (Securities and Exchange Board of India): India’s regulatory body for the securities and capital markets, tasked with protecting investor interests and ensuring market efficiency.
• Nomination Framework: A set of SEBI guidelines that govern how investors nominate individuals to receive their securities upon death, including provisions for opting out and asset transmission.
• Transmission of Securities: A legal process through which securities are passed on to nominees or surviving holders in case of the death of an investor.

Tabular Summary:

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4. What concessional government guarantee fee rate has the Finance Ministry notified for NaBFID borrowings from specified foreign institutions?
A) 0.5%
B) 0.25%
C) 0.15%
D) 0.1%
E) 1.0%
Answer: D) 0.1%

Event and Location:

• Event: Finance Ministry notifies concessional government guarantee fee for NaBFID
• Location: New Delhi, India
• Date: July 31, 2025

Mandates and Objectives:

• Mandates: The Finance Ministry has notified a 0.1% concessional rate for government guarantee fees applicable to NaBFID for borrowings from multilateral institutions, sovereign wealth funds, and other foreign institutions specified by the Central Government.
• Objectives: The objective is to support NaBFID’s long-term infrastructure financing needs and enhance its ability to raise offshore funding at more competitive terms, ensuring affordable capital for strategic national infrastructure projects.

Important Terms Explained:

• NaBFID (National Bank for Financing Infrastructure and Development): A government-backed financial institution established in 2021 to provide long-term, sustainable financing for infrastructure development in India.
• Government Guarantee Fee: A charge paid by an institution for the financial backing of the Government of India on its borrowings, which reduces borrowing cost by lowering risk perception.
• Sovereign Credit Rating: A credit assessment provided by international rating agencies (like Moody’s and Fitch) indicating the creditworthiness of a country or a government-backed institution.

Tabular Summary:

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5. According to RBI’s June 2025 Financial Stability Report, what is the estimated market-cap-to-GDP ratio in India, significantly above the long-term average?
A) 90%
B) 100%
C) 110%
D) 120%
E) 140%
Answer: E) 140%

Event and Location:

• Event: RBI flags overvaluation concerns in Indian equity markets through Financial Stability Report
• Location: India (national-level financial markets)
• Date: August 7, 2025 (report coverage: June 2025 FSR)

Mandates and Objectives:

• Mandates: The Reserve Bank of India (RBI), in its June 2025 Financial Stability Report (FSR), raised a red flag over the disconnect between equity market valuations and economic fundamentals, warning of potential financial stability risks.
• Objectives: The aim is to alert regulators, market participants, and retail investors about unsustainable equity valuations, promote risk awareness, and encourage measured participation in equity markets supported by financial literacy and macro fundamentals.

Important Terms Explained:

• Financial Stability Report (FSR): A semi-annual publication by RBI assessing the stability and vulnerabilities in the Indian financial system, including banks, NBFCs, and capital markets.
• Market-cap-to-GDP Ratio: A valuation metric that compares the total market capitalization of a country’s stock market to its GDP, indicating whether the market is over or undervalued.
• P/E Ratio (Price-to-Earnings Ratio): A key valuation metric that compares a company’s share price to its earnings per share. A high P/E suggests high future growth expectations or potential overvaluation.

Tabular Summary:

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6. What is the time limit proposed by RBI for settlement of claims related to deceased customers’ bank accounts and lockers?
A) 10 days
B) 15 days
C) 20 days
D) 30 days
E) 21 days
Answer: B) 15 days

Event and Location:

• Event: RBI issues draft directions proposing simplified claim settlement norms for deceased customers
• Location: Mumbai, India
• Date: August 7, 2025

Mandates and Objectives:

• Mandates: The Reserve Bank of India (RBI) issued a draft circular titled “Settlement of Claims in respect of Deceased Customers of Banks Directions, 2025”, proposing a 15-day time limit for claim settlement and mandatory compensation for delays.
• Objectives: The goal is to streamline and standardize the settlement process of claims for deceased depositors and locker holders, improve customer convenience, and ensure timely and fair resolution across all banks.

Important Terms Explained:

• Survivorship Clause: A legal provision allowing surviving account holders in a joint account to retain ownership of funds upon the death of one holder.
• Safe Deposit Locker: A secure storage unit rented by customers at banks to keep valuables; settlement of access rights is required after the customer’s death.
• Bank Rate + 4% Compensation: An interest-based compensation method where banks must pay interest (minimum bank rate + 4%) on delayed deposit claim settlements.

Tabular Summary:

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7. What was the Future Expectations Index (FEI) value recorded in RBI’s Urban Consumer Confidence Survey in July 2025?
A) 124.1
B) 124.7
C) 122.6
D) 123.4
E) 126.0
Answer: B) 124.7

Event and Location:

• Event: Release of RBI’s Urban Consumer Confidence Survey – July 2025
• Location: 19 major cities across India
• Date: August 7, 2025

Mandates and Objectives:

• Mandates: The Reserve Bank of India (RBI) released the July 2025 round of the Urban Consumer Confidence Survey (UCCS), assessing perceptions of urban households on current and future economic conditions.
• Objectives: The survey aims to measure urban consumer sentiment regarding income, spending, employment, and price levels, to help in policy insights and macroeconomic forecasting.

Important Terms Explained:

• Urban Consumer Confidence Survey (UCCS): A bi-monthly survey by RBI capturing sentiments of urban households on key economic parameters like income, employment, prices, and spending.
• Current Situation Index (CSI): Reflects perceptions on the current economic environment; a value below 100 indicates pessimism.
• Future Expectations Index (FEI): Reflects consumers’ outlook for the next 12 months; a value above 100 signals optimism.
• Net Response: The difference between the percentage of optimistic and pessimistic respondents for a particular survey parameter.

Tabular Summary:

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Business and Economy – Daily Current Affairs August 07

8. What is the new total tariff rate imposed by Donald Trump on Indian imports, citing continued Russian oil trade?
A) 25%
B) 35%
C) 40%
D) 50%
E) 45%
Answer: D) 50%

Event and Location:

• Event: US President Donald Trump doubles tariffs on Indian imports over Russian oil trade
• Location: United States–India bilateral trade domain
• Date: August 7, 2025 (announcement); tariffs to take effect in 21 days

Mandates and Objectives:

• Mandates: The US imposed an additional 25% tariff on Indian imports, raising the total tariff to 50%, citing India’s continued purchase of Russian crude oil as a reason.
• Objectives: To pressure India to reduce its reliance on Russian oil, discourage circumvention of US sanctions, and realign geopolitical strategies amidst the Russia–Ukraine conflict.

Important Terms Explained:

• Executive Orders 14024 & 14066: US presidential orders authorizing sanctions and economic measures against Russia in response to its Ukraine invasion.
• Secondary Tariffs: Indirect punitive measures targeting third-party countries engaging economically with a sanctioned state, without applying full primary sanctions.
• Price Cap Mechanism: A G7-led initiative to limit the price at which Russian oil is sold globally to reduce its revenues while ensuring energy supply.

Tabular Summary:

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9. What is the revised real GDP growth forecast for India in 2025 according to Goldman Sachs?
A) 6.2 percent
B) 6.7 percent
C) 6.4 percent
D) 6.5 percent
E) 6.3 percent
Answer: D) 6.5 percent

Event and Location:

• Event: Goldman Sachs trims India’s GDP forecast and inflation outlook amid US tariff tensions
• Location: India–United States economic relations
• Date: August 6, 2025

Mandates and Objectives:

• Mandates: Goldman Sachs revised India’s real GDP growth outlook for 2025 and 2026 due to the imposition of 25% reciprocal tariffs on Indian goods by the United States, impacting trade flows and investment sentiment.
• Objectives: The report aims to reassess India’s economic performance amid global trade disruptions while highlighting a silver lining through a downward revision in inflation projections due to falling vegetable prices.

Important Terms Explained:

• Reciprocal Tariff: A trade measure where one country imposes tariffs mirroring those levied by another country, often used as a retaliatory economic tool.
• GDP (Gross Domestic Product): The total monetary value of all goods and services produced within a country’s borders in a given time period, used as a primary indicator of economic health.
• CPI (Consumer Price Index) Inflation: A measure that examines the weighted average of prices of a basket of consumer goods and services, used to track changes in the cost of living.

Tabular Summary:

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10. According to the DIU study, over 60% of India’s CSR funds in 2024 were spent in which of the following states and UT?
A) Maharashtra, Tamil Nadu, Punjab, Delhi, Odisha
B) Maharashtra, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi
C) Gujarat, Haryana, Tamil Nadu, Kerala, Delhi
D) Karnataka, Uttar Pradesh, Tamil Nadu, West Bengal, Maharashtra
E) Delhi, Gujarat, Punjab, Maharashtra, Madhya Pradesh
Answer: B) Maharashtra, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi

Event and Location:

• Event: Study reveals CSR funding imbalance across Indian states and rural districts
• Location: New Delhi, India (national-level study)
• Date: August 7, 2025

Mandates and Objectives:

• Mandates: The Development Intelligence Unit (DIU) released a report titled “Investing in Tomorrow: Need for realigning CSR spends with district development”, highlighting that over 60% of CSR funds in 2024 were concentrated in five states and one UT, leaving rural and underdeveloped districts underfunded.
• Objectives: The study urges a realignment of CSR fund allocation based on developmental need and data-driven planning, rather than corporate convenience or geographic proximity to company operations.

Important Terms Explained:

• CSR (Corporate Social Responsibility): A statutory requirement under Section 135 of the Companies Act, 2013, mandating companies to spend at least 2% of their average net profits over the past 3 years on social development initiatives.
• Development Intelligence Unit (DIU): A collaborative platform of Transform Rural India (TRI) and Sambodhi Research and Communications, focused on data-driven policy studies and rural development.
• Rural Quality of Life (RQOL) Index: A multi-indicator index developed by DIU using 69 indicators across 13 government datasets to measure development gaps in rural India.

Tabular Summary:

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11. Who has been appointed as the new Chief Financial Officer (CFO) of Pine Labs ahead of its $1 billion IPO?
A) Rajat Jain
B) Ashish Chauhan
C) Sameer Kamath
D) Nitin Gaur
E) Ramesh Tiwari
Answer: C) Sameer Kamath

Event and Location:

• Event: Appointment of new CFO at Pine Labs ahead of IPO
• Location: India (Head Office: Noida)
• Date: August 7, 2025

Mandates and Objectives:

• Mandates: Fintech firm Pine Labs has appointed Sameer Kamath as its Chief Financial Officer (CFO) to lead its financial strategy ahead of its $1 billion Initial Public Offering (IPO), aiming for a valuation of up to $6 billion.
• Objectives: The appointment is intended to strengthen the company’s financial leadership, support IPO readiness, and facilitate strategic use of IPO proceeds to expand international operations, develop new technologies, and reduce debt.

Important Terms Explained:

• IPO (Initial Public Offering): The first sale of a company’s shares to the public, allowing it to raise equity capital from external investors.
• CFO (Chief Financial Officer): A senior executive responsible for managing a company’s financial planning, risk management, record-keeping, and financial reporting.
• Full-Stack Payment Solutions: Comprehensive digital payment services that include hardware (like point-of-sale machines) and software for processing card transactions and managing merchant payments.

Tabular Summary:

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Appointments – Daily Current Affairs August 07

12. Who has been appointed as the new Chairperson of the Capacity Building Commission in August 2025?
A) Adil Zainulbhai
B) Rakesh Ranjan
C) S. Radha Chauhan
D) Arvind Saxena
E) Rajiv Kumar
Answer: C) S. Radha Chauhan

Event and Location:

• Event: Appointment of Mrs. S. Radha Chauhan as Chairperson of the Capacity Building Commission
• Location: New Delhi, India
• Date: August 6, 2025

Mandates and Objectives:

• Mandates: Mrs. S. Radha Chauhan, retired IAS officer (UP Cadre, 1988 batch), assumed charge as Chairperson of the Capacity Building Commission, succeeding Shri Adil Zainulbhai.
• Objectives: To drive standardisation, harmonisation, and innovation in capacity building across the Indian civil services under the Mission Karmayogi reform agenda.

Important Terms Explained:

• Capacity Building Commission: Constituted on April 1, 2021, this Commission acts as the central body for designing, coordinating, and implementing civil service capacity-building programs in India.
• Mission Karmayogi: A flagship reform initiative launched by the Government of India to transform the civil services into a citizen-centric, future-ready, and performance-driven workforce through competency-based training.
• Department of Personnel and Training (DoPT): A department under the Ministry of Personnel, Public Grievances and Pensions responsible for personnel matters, training, and administrative reforms in the Government of India.

Tabular Summary:

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13. Who recently assumed charge as the General Officer Commanding (GOC) of the Dakshin Bharat Area of the Indian Army?
A) Lt Gen Rakesh Kapoor
B) Lt Gen V. Sreehari
C) Lt Gen C. Bansi Ponnappa
D) Lt Gen M. Unnikrishnan
E) Lt Gen Sandeep Singh
Answer: B) Lt Gen V. Sreehari

Event and Location:

• Event: Assumption of Command as GOC, Dakshin Bharat Area
• Location: Secunderabad, covering Peninsular India (TN, KA, KL, AP, TS, Puducherry, Lakshadweep)
• Date: August 2, 2025

Mandates and Objectives:

• Mandates:
  • Lt Gen V. Sreehari assumed command as the General Officer Commanding (GOC) of the Dakshin Bharat Area, responsible for Indian Army operations in Southern India.
  • His role includes overseeing military preparedness, logistics, personnel welfare, and coordination in this strategic region.
• Objectives:
  • To ensure operational readiness, territorial integrity, and strong leadership in southern India.
  • To continue the Indian Army’s mandate of securing peace and providing disaster response support in the southern states and UTs.

Important Terms Explained:

• Dakshin Bharat Area: A territorial formation of the Indian Army covering Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Telangana, Puducherry, and Lakshadweep, responsible for logistics, coordination, and strategic operations in South India.
• Shaurya Chakra (SC): A gallantry award presented for valor, courageous action, or self-sacrifice away from the battlefield.
• Ati Vishisht Seva Medal (AVSM): A distinguished service award for exceptional service to the nation during peacetime.
• Operation RAKSHAK: An ongoing counter-insurgency and counter-terrorism operation primarily in Jammu & Kashmir.

Tabular Summary:

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Awards – Daily Current Affairs August 07

14. Who was recently conferred the 43rd Lokmanya Tilak National Award for contributions to national progress?
A) Narendra Modi
B) E. Sreedharan
C) S. Jaishankar
D) Nitin Gadkari
E) Rajnath Singh
Answer: D) Nitin Gadkari

Event and Location:

• Event: Presentation of the 43rd Lokmanya Tilak National Award
• Location: Pune, Maharashtra
• Date: August 8, 2025

Mandates and Objectives:

• Mandates: Union Minister Nitin Gadkari was conferred the 43rd Lokmanya Tilak National Award by the Lokmanya Tilak Smarak Trust for his outstanding contribution to national development and governance.
• Objectives: The award honors individuals who embody the spirit and legacy of Lokmanya Tilak by furthering India’s progress through impactful public service, leadership, and nation-building.

Important Terms Explained:

• Lokmanya Tilak National Award: An annual award instituted by the Lokmanya Tilak Smarak Trust, recognizing individuals who contribute significantly to the progress and development of India in alignment with the ideals of Bal Gangadhar Tilak.
• Swarajya to Surajya: A concept promoted by Lokmanya Tilak and reiterated by Gadkari, emphasizing the transition from self-rule (Swarajya) to good governance (Surajya).
• Good Governance: Refers to efficient, transparent, and accountable public administration that ensures development, justice, and equality.

Tabular Summary:

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Science and Technology – Daily Current Affairs August 07

15. What was the lowest price discovered per kg in SECI’s first-ever Green Ammonia auction under the National Green Hydrogen Mission?
A) ₹72.10
B) ₹61.45
C) ₹55.75
D) ₹80.00
E) ₹100.28
Answer: C) ₹55.75

Event and Location:

• Event: SECI conducts India’s first auction for procurement of Green Ammonia
• Location: India (target delivery at Paradeep Phosphates Limited, Odisha)
• Date: August 7, 2025

Mandates and Objectives:

• Mandates: The Solar Energy Corporation of India (SECI) conducted its first Green Ammonia procurement auction under the SIGHT Scheme (Mode-2A) of the National Green Hydrogen Mission.
• Objectives: To promote large-scale adoption of Green Hydrogen derivatives, reduce dependency on fossil fuels, and support India’s goal of becoming a global hub for clean energy.

Important Terms Explained:

• SECI (Solar Energy Corporation of India): A nodal agency under the Ministry of New and Renewable Energy responsible for implementing India’s solar and renewable energy projects.
• Green Ammonia: A form of ammonia (NH₃) produced using Green Hydrogen, which is generated using renewable energy sources; used in fertilizers, shipping fuel, and heavy industries.
• National Green Hydrogen Mission: A flagship initiative launched by the Government of India to promote production, usage, and export of Green Hydrogen and its derivatives with the aim of decarbonizing major sectors.
• SIGHT Scheme (Mode-2A): “Strategic Interventions for Green Hydrogen Transition” – Mode 2A focuses on demand aggregation and long-term contracts to support commercial procurement of Green Hydrogen and Ammonia.

Tabular Summary:

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16. Which company recently discovered a significant Nickel-Copper-PGE deposit in Chhattisgarh’s Mahasamund district?
A) Vedanta Resources
B) NMDC Limited
C) Hindustan Zinc
D) Deccan Gold Mines Limited
E) MOIL Limited
Answer: D) Deccan Gold Mines Limited

Event and Location:

• Event: Discovery of a strategically important Nickel-Copper-PGE deposit
• Location: Mahasamund district, Chhattisgarh, India
• Date: August 5, 2025

Mandates and Objectives:

• Mandates: Deccan Gold Mines Limited (DGML) discovered significant deposits of Nickel, Copper, and Platinum Group Elements (PGE) in the Bhalukona-Jamnidih block, secured via auction in March 2023.
• Objectives: The discovery aims to promote self-reliance in critical minerals, support green energy and high-tech industries, and contribute to India’s Atmanirbhar Bharat mission by reducing dependence on imported strategic resources.

Important Terms Explained:

• Nickel-Copper-PGE (Platinum Group Elements): A group of critical minerals essential for manufacturing electric vehicle batteries, hydrogen fuel cells, and advanced electronics in the green and high-tech sectors.
• Composite Licence: A two-stage mining permission allowing a company to both explore and mine minerals in the allocated block, streamlining the approval process.
• Atmanirbhar Bharat: A government initiative launched in 2020 to promote self-reliance across sectors by reducing import dependence and encouraging domestic production and innovation.

Tabular Summary:

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International Affairs – Daily Current Affairs August 07

17. Which country recently agreed to boost imports of Indian food products such as rice, buffalo meat, and peanuts?
A) Vietnam
B) Thailand
C) Philippines
D) Indonesia
E) Malaysia
Answer: C) Philippines

Event and Location:

• Event: Agreement by Philippines to increase food imports from India
• Location: India–Philippines bilateral trade platform
• Date: August 6, 2025

Mandates and Objectives:

• Mandates: A high-level Philippines delegation met with Indian trade bodies, including APEDA and Indian Rice Exporters Federation (IREF), to finalize an agreement to enhance imports of Indian food products.
• Objectives: The goal is to boost food security, reduce dependence on Chinese imports, and strengthen bilateral trade ties between India and the Philippines.

Important Terms Explained:

• APEDA (Agricultural and Processed Food Products Export Development Authority): A statutory body under the Ministry of Commerce and Industry responsible for promoting exports of agricultural and processed food products from India.
• Indian Rice Exporters Federation (IREF): An industry body representing Indian rice exporters, facilitating trade negotiations and policy engagement in the rice export sector.
• Basmati Rice: A variety of long-grain aromatic rice traditionally grown in India and Pakistan, known for its quality and flavor, often subject to international trade restrictions and negotiations.

Tabular Summary:

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18. Which country recently became the 107th member of the International Solar Alliance (ISA)?
A) Ukraine
B) Belarus
C) Moldova
D) Armenia
E) Georgia
Answer: C) Moldova

Event and Location:

• Event: Moldova becomes the 107th member of the International Solar Alliance
• Location: New Delhi, India (where the instrument of ratification was handed over)
• Date: August 4, 2025

Mandates and Objectives:

• Mandates: The Republic of Moldova officially handed over its Instrument of Ratification to join the International Solar Alliance (ISA) during a formal meeting in New Delhi.
• Objectives: The ISA aims to mobilize investments in solar energy, reduce the cost of solar technology and financing, and accelerate adoption of solar across key sectors like agriculture, health, transport, and power generation.

Important Terms Explained:

• International Solar Alliance (ISA): A treaty-based intergovernmental organization launched by India and France in 2015 at COP21 in Paris to promote the global deployment of solar energy, especially in solar-rich developing countries.
• Instrument of Ratification: A formal document confirming a country’s consent to be legally bound by the terms of an international treaty or agreement.
• COP21 (Conference of the Parties 21): The 2015 United Nations Climate Change Conference held in Paris, where the historic Paris Agreement was adopted.

Tabular Summary:

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19. At which session did India and Russia sign a protocol to deepen cooperation in aluminium, mining, and railways?
A) 9th
B) 10th
C) 11th
D) 12th
E) 8th
Answer: C) 11th

Event and Location:

• Event: India and Russia sign Protocol to deepen industrial cooperation
• Location: New Delhi, India
• Date: August 7, 2025

Mandates and Objectives:

• Mandates: India and Russia signed a Protocol during the 11th session of the India-Russia Working Group on Modernisation and Industrial Cooperation, focusing on strategic sectors like aluminium, fertilisers, railways, and mining technology.
• Objectives: The goal is to enhance bilateral industrial collaboration, promote technology transfer, strengthen capacity building, and support cooperation in critical and emerging sectors, including rare earth mineral extraction, waste management, and 3D printing.

Important Terms Explained:

• India-Russia Intergovernmental Commission: A bilateral platform for structured cooperation in trade, technology, culture, and scientific exchange between India and Russia.
• Technology Transfer: The process by which technology, knowledge, or skills developed in one organization or country is shared or licensed for use by another.
• Additive Manufacturing: Also known as 3D printing, it is a process of creating physical objects by building them layer by layer using digital models.

Tabular Summary:

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Schemes – Daily Current Affairs August 07

20. What is the annual financial assistance provided under ‘Mukhya Mantrir Nijut Moina 2.0’ for postgraduate girl students in Assam?
A) ₹10,000
B) ₹12,500
C) ₹20,000
D) ₹25,000
E) ₹30,000
Answer: D) ₹25,000

Event and Location:

• Event: Launch of ‘Mukhya Mantrir Nijut Moina 2.0’ scheme for girl students
• Location: Assam (Statewide), main launch at Gauhati University, Guwahati
• Date: August 7, 2025

Mandates and Objectives:

• Mandates: Assam CM Dr. Himanta Biswa Sarma launched Mukhya Mantrir Nijut Moina 2.0, a monthly financial assistance scheme to encourage girls’ enrolment in higher education. Application forms were distributed statewide.
• Objectives: To reduce dropout rates and empower girl students through sustained financial support from Higher Secondary (HS) to Postgraduate (PG) level, promoting gender equality in education across Assam.

Important Terms Explained:

• Mukhya Mantrir Nijut Moina Scheme: A flagship initiative of the Assam government offering monthly financial aid to girl students from HS to PG level, regardless of economic background.
• Higher Secondary (HS): Refers to students in Class 11 and 12 in India’s education system.
• Women’s Empowerment: In the context of this scheme, it refers to enabling girls through access to continuous education, reducing dependency, and ensuring participation in socio-economic development.

Tabular Summary:

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21. Where has the Union Government launched the theme-based urban forest project called ‘Matri Van’ under the ‘Ek Ped Maa Ke Naam’ programme?
A) Delhi
B) Gurugram
C) Jaipur
D) Bhopal
E) Pune
Answer: B) Gurugram

Event and Location:

• Event: Launch of ‘Matri Van’ Urban Forest Initiative
• Location: Gurugram, Haryana (Aravalli Hill area)
• Date: August 2, 2025

Mandates and Objectives:

• Mandates: Union Ministers Bhupender Yadav (MoEFCC) and Manohar Lal (MoHUA & Power) launched the ‘Matri Van’, a theme-based urban forest spanning 750 acres in the Aravalli Hill area, under the ‘Ek Ped Maa Ke Naam’ initiative, during Van Mahotsav 2025.
• Objectives:
  • To restore ecological balance in the Aravallis
  • To promote urban sustainability, biodiversity, and community participation
  • To act as a “green lung” for Delhi-NCR
  • To integrate Mission LiFE principles such as reducing plastic, promoting water and energy conservation

Important Terms Explained:

• Matri Van: A large-scale, multi-themed urban forest initiative launched to honor Mother Nature and promote ecological restoration in the Aravalli region.
• Ek Ped Maa Ke Naam: A government campaign that encourages every citizen to plant and nurture one tree in gratitude to Mother Earth.
• Mission LiFE: Lifestyle for Environment – a global initiative by India promoting sustainable living practices like reducing waste, conserving energy and water, and banning single-use plastic.

Tabular Summary:

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National Affairs – Daily Current Affairs August 07

22. What is the name of the first building inaugurated under the Common Central Secretariat as part of the Central Vista redevelopment project?
A) Vanijya Bhawan
B) Shastri Bhawan
C) Krishi Bhawan
D) Kartavya Bhawan
E) Nirman Bhawan
Answer: D) Kartavya Bhawan

Event and Location:

• Event: Inauguration of Kartavya Bhawan under the Central Vista project
• Location: New Delhi, India
• Date: August 7, 2025

Mandates and Objectives:

• Mandates: The Government of India inaugurated Kartavya Bhawan, the first building completed under the Common Central Secretariat (CCS) project.
• Objectives: The objective is to consolidate multiple central ministries into a single high-tech complex to improve administrative efficiency, reduce energy use, and replace outdated infrastructure.

Important Terms Explained:

• Central Vista Redevelopment Project: A major infrastructure initiative by the Indian government aimed at revamping the administrative heart of New Delhi, including Parliament, secretariat buildings, and executive residences.
• Common Central Secretariat (CCS): A planned cluster of 10 modern buildings under the Central Vista project to accommodate central government ministries for better coordination and space efficiency.
• Kartavya Bhawan: A newly built government office complex designed to relocate ministries such as Home Affairs and External Affairs, featuring smart energy systems and modern architecture.

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23. What does the Carriage of Goods by Sea Bill, 2025 aim to replace?
A) Indian Maritime Trade Act, 1947
B) Shipping and Logistics Act, 1972
C) Indian Carriage of Goods by Sea Act, 1925
D) Indian Ports and Shipping Law, 1930
E) International Shipping Rules, 2000
Answer: C) Indian Carriage of Goods by Sea Act, 1925

Event and Location:

• Event: Passage of the Carriage of Goods by Sea Bill, 2025
• Location: Indian Parliament (Rajya Sabha)
• Date: August 6, 2025

Mandates and Objectives:

• Mandates: The Carriage of Goods by Sea Bill, 2025 was passed in the Rajya Sabha by voice vote, aiming to replace the nearly 100-year-old Indian Carriage of Goods by Sea Act, 1925.
• Objectives: The Bill aims to modernise India’s maritime legal framework, clarify responsibilities and liabilities of sea carriers, simplify shipping regulations, and enhance India’s competitiveness in global maritime trade.

Important Terms Explained:

• Carriage of Goods by Sea Bill, 2025: A legislative proposal aimed at updating and replacing the century-old law governing the transport of goods via sea, ensuring modern legal standards and better trade facilitation.
• Indian Carriage of Goods by Sea Act, 1925: A colonial-era law enacted to regulate the responsibilities and liabilities in maritime cargo transport, now considered outdated.
• Voice Vote: A parliamentary procedure where members respond verbally, and the loudest side (ayes or noes) is considered to have won, commonly used for passing non-controversial legislation.

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24. What initiative led to Delhi MLAs receiving iPhone 16 Pro and other devices for official use?
A) Digital India Abhiyan
B) One Nation, One Application
C) BharatNet Project
D) Smart Vidhan Sabha Mission
E) e-Governance Revolution Scheme
Answer: B) One Nation, One Application

Event and Location:

• Event: Distribution of iPhone 16 Pro and launch of paperless initiative for Delhi MLAs
• Location: Delhi Legislative Assembly, India
• Date: August 5, 2025

Mandates and Objectives:

• Mandates: All 70 members of the Delhi Legislative Assembly, including Chief Minister Rekha Gupta, were provided iPhone 16 Pro, iPads, and tablets as part of the National e-Vidhan Application (NeVA) rollout.
• Objectives: The initiative aims to promote paperless governance, enhance digital legislative functioning, and support the One Nation, One Application goal of integrating all legislative procedures digitally across Indian states.

Important Terms Explained:

• National e-Vidhan Application (NeVA): A digital platform designed to make legislative proceedings paperless by integrating digital infrastructure and resources such as real-time documents, automated voting, and smart device access.
• One Nation, One Application: A government-backed initiative aimed at unifying all state legislative assemblies under a single digital platform to streamline governance and promote transparency.
• RFID/NFC (Radio Frequency Identification/Near Field Communication): Wireless technologies enabling secure access, attendance, and tracking systems, especially useful in digitized institutions.

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25. Which Indian state is the first to formally empanel sign language experts under the Juvenile Justice Act?
A) Haryana
B) Maharashtra
C) Tamil Nadu
D) Punjab
E) Gujarat
Answer: D) Punjab

Event and Location:

• Event: Punjab government empanels sign language experts under the Juvenile Justice Act
• Location: Punjab, India
• Date: August 5, 2025

Mandates and Objectives:

• Mandates: The Punjab government will empanel sign language interpreters, translators, and special educators under the Juvenile Justice Act, 2015 and POCSO Act, 2012 to support children during legal proceedings.
• Objectives: The goal is to bridge communication gaps, ensure inclusive access to justice, and provide transparent and impartial outcomes for children, especially those with hearing or speech impairments.

Important Terms Explained:

• Juvenile Justice Act, 2015: A law that provides for the care, protection, and rehabilitation of children in conflict with the law and those in need of care and protection.
• POCSO Act, 2012: The Protection of Children from Sexual Offences Act is a special law enacted to safeguard children against sexual abuse and exploitation, with child-friendly procedures during investigation and trial.
• Empanelment: The process of officially enlisting qualified professionals (in this case, interpreters and educators) for providing specialized services, often in legal or government setups.

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26. Which IIT recently launched the School of Innovation and Entrepreneurship for deep tech start-ups?
A) IIT Delhi
B) IIT Kanpur
C) IIT Bombay
D) IIT Madras
E) IIT Kharagpur
Answer: D) IIT Madras

Event and Location:

• Event: Launch of School of Innovation and Entrepreneurship at IIT Madras
• Location: Chennai, Tamil Nadu
• Date: August 7, 2025

Mandates and Objectives:

• Mandates: IIT Madras launched a dedicated School of Innovation and Entrepreneurship to provide structured academic and financial support to deep tech start-up founders.
• Objectives: The school aims to promote entrepreneurial education, translational research, and innovation through specialized programs including MS (Entrepreneurship), PhD, Entrepreneur-in-Residence (EIR), and IP clinics, with a focus on scaling India’s deep-tech ecosystem.

Important Terms Explained:

• Deep Tech Startups: Startups that are based on substantial scientific or engineering challenges and breakthroughs, such as AI, quantum computing, biotech, and advanced materials.
• Entrepreneur-in-Residence (EIR): A program where experienced professionals work within an institution to explore and launch a new start-up, supported by the host institute.
• Translational Research: Research aimed at converting scientific discoveries into practical applications such as new products, services, or technologies, often through commercialization.

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