Daily Current Affairs August 08

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 08. 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 08| Daily Current Affairs 2023

Important Days – Daily Current Affairs August 08

1. On which day is Quit India Day observed every year?
A) July 15
B) August 8
C) September 2
D) October 2
E) November 26
Answer: B) August 8

• Every year Quit India Day is observed on August 8 to commemorate occasion, which was a defining moment in the history of India’s freedom struggle.
• The Quit India Movement was approved during the AICC conference in Mumbai on 8 August 1942. On this date, the Bharat ChhodoAndolan or the Quit India Movement started officially.
• Mahatma Gandhi was the chairman of the All India Congress Committee and he decided to begin the movement at the Bombay Session of the conference.
• Mahatma Gandhi came up with the phrase “Do or Die” during the Quit India Movement.
  “Quit India” was coined by Yusuf Meher Ali who was also a freedom fighter and served as Mumbai’s Mayor.
• During the movement, parallel governments were set up in Ballia (Uttar Pradesh), Satara (Maharashtra), Tamluk (West Bengal), and Talcher (Odisha).
• The protestors demolished governmental structures and damaged railway tracks in many places.
• Numerous arrests were made following the protest. Many top leaders of Congress, including Mahatma Gandhi, Jawaharlal Nehru and SardarVallabhbhai Patel, were also arrested.
• By the end of the year 1942, over 60,000 were imprisoned and hundreds of people died.

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Sports – Daily Current Affairs August 08

2. How many medals did India conclude the U23 & U17 Asian Wrestling Championships 2023 in Bishkek, Kyrgyzstan with?
A) 37 medals
B) 40 medals
C) 42 medals
D) 44 medals
E) 47 medals
Answer: D) 44 medals

• India concluded the U23 & U17 Asian Wrestling Championships 2023 in Bishkek, Kyrgyzstan with a total of 44 medals – 13 gold, 13 silver and 18 bronze.
• There were 10 weight divisions in each of the three wrestling formats per age group

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3. Where did the 2023 Australian Open badminton tournament take place?
A) Melbourne, Australia
B) Brisbane, Australia
C) Perth, Australia
D) Sydney, Australia
E) Adelaide, Australia
Answer: D) Sydney, Australia

• The 2023 Australian Open (33rd Edition) (officially known as the Sathio Group Australian Open 2023) was a badminton tournament which took place at the State Sports Centre in Sydney, Australia

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Banking and Finance – Daily Current Affairs August 08

4. Which impact investor recently signed a $15 million funding deal with non-bank lender Electronica Finance to promote green financing in India?
A) JP Morgan Chase
B) BlackRock
C) responsAbility Investments AG
D) Vanguard Group
E) Goldman Sachs
Answer: C) responsAbility Investments AG

• Swiss impact investor responsAbility Investments AG signed a $15 million funding deal with non-bank lender Electronica Finance to promote green financing in India in line with its sustainability goal
• The Pune-headquartered non-banking finance company, which is a part of the SRP Electronica group, would use the funding for financing energy efficient machines and promoting rooftop solar installation
• The NBFC has already received $7.5 million from responsAbility last month while it plans to draw the remaining part later in the year
  Respons.

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5. What was the profit registered by public sector banks (PSBs) for the first quarter ended June 2023?
A) Rs 15,387 crore
B) Rs 21,649 crore
C) Rs 28,532 crore
D) Rs 34,774 crore
E) Rs 42,196 crore
Answer: D) Rs 34,774 crore

• Public sector banks (PSBs) have more than double profit of Rs 34,774 crore for the first quarter ended June 2023.
• During the April-June period of the previous fiscal, all 12 state-owned banks had recorded a total profit of Rs 15,306 crore, according to quarterly numbers published by public sector lenders.
• Most banks had recorded net interest margin (NIM) of over 3 per cent.
• Pune-based Bank of Maharashtra posted the highest NIM of 3.86 per cent, followed by Central Bank at 3.62 per cent and Indian Bank at 3.61 per cent during the quarter.
• During the first quarter, four lenders logged a profit of over 100 per cent.
• The highest percentage growth was recorded by Punjab National Bank, which earned a profit of Rs 1,255 crore against Rs 308 crore in the same quarter of the previous year, a growth of 307 per cent.
• It was followed by the State Bank of India (SBI), which recorded a 178 per cent bottom line growth at Rs 16,884 crore and the Bank of India with a 176 per cent surge, earned Rs 1,551 crore profit.
• Another five PSBs posted growth between 50 and 100 per cent. This pack was led by Bank of Maharashtra, which clocked a 95 per cent rise in net profit at Rs 882 crore.
• It was followed by Bank of Baroda recording a growth of 88 per cent to Rs 4,070 crore and UCO Bank by 81 per cent to Rs 581 crore.

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6. The Reserve Bank of India imposed a monetary penalty of ₹1.50 lakh on which co-operative bank for contravention of provisions of certain banking norms?
A) Sangli Urban Co-operative Bank
B) Nashik District Central Co-operative Bank
C) Kolhapur District Central Co-operative Bank
D) Vita Urban Co-operative Bank
E) Solapur Janata Sahakari Bank
Answer: D) Vita Urban Co-operative Bank

• The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance.
• These banks are Shri VinayakSahakari Bank, Shreeji Bhatia Cooperative Bank, Mizoram Urban Cooperative Development Bank and Vita Urban Co-operative Bank.
• The Reserve Bank imposed a monetary penalty of ₹1.50 lakh on Vita Urban Co-operative Bank Ltd., Vita, Maharashtra (the bank) for contravention of provisions of certain banking norms and directions issued by the apex bank on ‘Maintenance of Deposit Accounts’.
• The Mizoram Urban Cooperative Development Bank Limited, Aizawl (the bank) was also penalised of ₹20,000 on for non-compliance with specific directions issued by the apex bank under Supervisory Action Framework (SAF) and certain provision of ‘RBI’s KYC directions.
• The apex bank further imposed a monetary penalty of ₹1.00 lakh on Shreeji Bhatia Cooperative Bank Ltd., Mumbai (the bank) for non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF) and RBI’s KYC directions.
• The Reserve Bank also imposed a monetary penalty of ₹1.50 lakh on Shri VinayakSahakari Bank Ltd, Ahmedabad (Gujarat) for contravention of direction issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’.

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7. Which US-based payments major recently announced the launch of a new stablecoin named PayPal USD (PYUSD)?
A) Visa
B) Mastercard
C) American Express
D) PayPal
E) Square
Answer: D) PayPal

• US-based payments major PayPal announced the launch of a new stablecoin, PayPal USD (PYUSD) which is backed by dollar deposits, US treasuries, and cash equivalents.
• It will be issued by Paxos Trust Co to PayPal customers in the United States.
• A stablecoin is a type of cryptocurrency that is designed to have a stable value, typically pegged to a stable asset or reserve, such as a fiat currency like the US dollar or a commodity like gold.

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Science and Technology – Daily Current Affairs August 08

8. Which organizations have signed a deal for the fourth private astronaut mission to the International Space Station (ISS) set to launch in 2024?
A) NASA and Blue Origin
B) NASA and SpaceX
C) NASA and Axiom Space
D) NASA and Virgin Galactic
E) NASA and Boeing
Answer: C) NASA and Axiom Space

• NASA has signed a new agreement with US-based private aerospace company Axiom Space for a private mission to the International Space Station (ISS).
• Named Axiom Mission 4 or Ax-4, it is targeted for launch in 2024 and will see four astronauts spend up to 14 days in the space station
• The selected astronauts for Ax-4 will train with NASA and SpaceX which will also offer launch services from the Kennedy Space Center in Florida.
• Axiom contracted SpaceX as its launch provider and to familiarise the crew members with systems, procedures and emergency preparedness for its Dragon spacecraft.
• Earlier on May 22, SpaceX launched Axiom’s third private mission and four astronauts returned after spending 10 days in space.
• Axiom is currently preparing for the Ax-3 mission which is targeted for launch no earlier than January 2024.
• Axiom began its private trips to the space station with Ax-1 which launched on April 8, 2022, with the aim of demonstrating its ability to integrate with the ISS program and conduct experiments in low-Earth orbit (LEO).

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9. Which private firm received the transfer of IMS-1 satellite bus technology from ISRO?
A) Alpha Design Technologies
B) Bharat Electronics Limited
C) Hindustan Aeronautics Limited
D) Larsen & Toubro
E) Tata Consultancy Services
Answer: A) Alpha Design Technologies

• ISRO has transferred the IMS-1 Satellite Bus Technology to Alpha Design Technologies Pvt. Ltd in a step towards enhancing private industry participation in the country’s space sector.
• NewSpace India Limited (NSIL), the commercial arm of ISRO, facilitated the technology transfer through an agreement signed during an event held at the NSIL headquarters.
• The technology transfer documents were formally handed over by D Radhakrishnan, Chairman and Managing Director of NSIL to Col. H S Shankar (Retd.), Chairman and Managing Director of ADTL.
• ADTL is one of the two private players identified to receive the transfer of this technology through Interest Exploratory Note (IEN) published by NSIL
• This transfer marks the beginning of satellite bus technologies developed by ISRO being transferred to private industries. Further, the PSLV is under productionisation by a consortium of industries.
• The satellite bus, developed by ISRO’s U R Rao Satellite Centre (URSC), is a versatile and efficient small satellite platform designed to facilitate low-cost access to space.
• The bus serves as a dedicated vehicle for various payloads, enabling earth imaging, ocean and atmospheric studies, microwave remote sensing, and space science missions while ensuring a quick turnaround time for satellite launches.
• The IMS-1 bus, weighing about 100 kg, accommodates a 30kg payload.
• Solar arrays generate 330W power with a raw bus voltage of 30-42 V, adding it offers a 3-axis stabilised with four reaction wheels with a 1 Newton thruster that provides +/- 0.1 degree pointing accuracy.
• It is a forerunner for IMS-2 bus technology, capable of improved features, and IMS-1 bus is utilised in previous ISRO missions like IMS-1, Youthsat and Microsat-2D
• By transferring the IMS-1 technology to the private sector, ISRO/DoS (Department of Space) aims to bolster India’s industrial growth in the space sector and foster technological self-reliance
• Alpha Design Technologies Pvt. Ltd is an aerospace and defence company, with expertise in engineering, manufacturing, and system integration.

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10. Which organizations recently signed a Memorandum of Understanding (MoU) to bring cutting-edge Artificial Intelligence (AI) technologies to the shipbuilding and defence sectors?
A) Goa Shipyard Limited (GSL) and Indian Institute of Technology Delhi
B) Goa Shipyard Limited (GSL) and Tata Consultancy Services
C) Goa Shipyard Limited (GSL) and Foundation for Science Innovation and Development (FSID)
D) Goa Shipyard Limited (GSL) and Indian Space Research Organisation (ISRO)
E) Goa Shipyard Limited (GSL) and Reliance Industries Limited
Answer: C) Goa Shipyard Limited (GSL) and Foundation for Science Innovation and Development (FSID)

• Goa Shipyard Limited (GSL) and the Foundation for Science Innovation and Development (FSID) at the Indian Institute of Science, Bengaluru, have recently signed an important Memorandum of Understanding (MoU) to revolutionize the shipbuilding and defence sectors through cutting-edge Artificial Intelligence (AI) technologies.
• This transformative partnership is set to enhance productivity, safety, and defence readiness while also strengthening indigenous defence manufacturing capabilities.
• The collaboration brings together the expertise of GSL, a renowned leader in the shipbuilding and defence industry, and IISc Bengaluru, known for pioneering advanced technological solutions.
• The primary goals of the GSL-IISc collaboration are to elevate productivity, implement state-of-the-art safety measures, enhance defence preparedness, and boost indigenous defence manufacturing capabilities through AI advancements.

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International Affairs – Daily Current Affairs August 08

11. How much money did India provide to Sri Lanka to support its digital identity project?
A) ₹350 million
B) ₹400 million
C) ₹450 million
D) ₹500 million
E) ₹550 million
Answer: C) ₹450 million

• India has handed over an advance aid of INR 450 million to Sri Lanka to fund its digital identity project, a significant step in its digitalisation programme being implemented through the Indian grant assistance.
• Sri Lankan president RanilWickremesinghe’s office said that the fund from the Indian government was given on August 4
• The aim of the project is to collect biographic and biometric information, including facial, iris, and fingerprint data, which will be stored in a centralised system to issue identification cards as per the standards set by the International Civil Aviation Organisation (ICAO).
• The project commenced with the signing of a MoU between Sri Lanka and India in March 2022 and an Indo-Sri Lanka Joint Project Monitoring Committee (JPMC) for the Sri Lanka Unique Digital Identity Project (SL-UDI) was introduced.

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12. Which countries are working on a first-of-its-kind tripartite electricity trade deal in South Asia?
A) India, Sri Lanka & Bhutan
B) India, Nepal & Bangladesh
C) India, Pakistan & Afghanistan
D) India, Myanmar & Maldives
E) India, Bhutan & Bangladesh
Answer: B) India, Nepal & Bangladesh

• In a first, India, Nepal and Bangladesh are working on a tripartite power trade deal under which Nepal will supply up to 500 megawatts (MW) of hydropower to Bangladesh using India’s transmission line, a move that can further boost cross-border electricity trading in South Asia.
• Besides, it will also open ways to sell power to neighbouring countries such as Sri Lanka and Myanmar.
• As per the proposed three-way deal, Nepal will supply hydropower to Bangladesh leveraging India’s high-voltage transmission line.
• At first, 50 MW will be provided to Bangladesh by Nepal using India’s Baharampur-Bheramara cross-border transmission line.
• The electricity will be supplied from Nepal’s 900 MW Upper Karnali hydropower project.
  For a dedicated transmission line, Nepal and Bangladesh have identified two corridors.
• The first is the Anarmari (Nepal)-Panchagarh (Bangladesh) corridor with a total length of 49 km, of which 24 km will be in India.
• The second is the Anarmari (Nepal)-Thakurgaon (Bangladesh) line with a length of 83 km, of which 33 km will be in the Indian territory.
• Bangladesh is already importing 500 MW power from India through the Baharampur-Bheramara transmission line, and around 150-160 MW through the Tripura-Comilla grid interconnection project.
• Besides, it is now also getting coal-fired power from Adani’s Godda (Jharkhand) thermal power plant .

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National Affairs – Daily Current Affairs August 08

13. What is the purpose of the “e-CARe” (e-clearance for after life remains) portal launched by the central government?
A) To provide healthcare services to Indian nationals abroad
B) To facilitate fast transfer of mortal remains of foreign nationals who die in India
C) To facilitate fast transfer of mortal remains of Indian nationals who die abroad
D) To promote cultural exchange programs between India and other countries
E) To provide financial assistance to families of Indian nationals living abroad
Answer: C) To facilitate fast transfer of mortal remains of Indian nationals who die abroad

• Union Health Minister Mansukh Mandaviya launched e-CARe (e-clearance for after life remains) portal to facilitate fast transfer of mortal remains of Indian nationals who die abroad
• The government will depute a nodal officers from Airport Health Organization who will be monitoring the portal 24×7.
• They will scrutinize and give fast track approvals.
• the portal has two provisions—one for bringing dead bodies from aboard while other one is to bring mortal remains. This portal will ensure seamless coordination and transparency in the entire procedure.
• Nodal centre: Indira Gandhi International Airport

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14. What is the purpose of the partnership between Kerala and UN Women?
A) To promote eco-friendly tourism
B) To enhance cultural tourism
C) To uplift the Women-Friendly Tourism initiative
D) To establish wellness tourism centers
E) To create adventure tourism opportunities
Answer: C) To uplift the Women-Friendly Tourism initiative

• In an effort towards gender inclusivity and empowerment in the tourism sector, UN Women has joined hands with Kerala Tourism to amplify the state’s Women-Friendly Tourism initiative.
• The collaborative efforts were recently represented in a two-day training session held at Kumarakom, where a cohort of 85 women trainers gathered at the Kumarakom Cultural Centre.
• Organised by Kerala’s Responsible Tourism Mission (RT Mission)
• The training, encapsulated by RT Mission State Coordinator, K Rupeshkumar
  A total of 85 women trainers attended the programme, who will, in turn train women engaged in tourism initiatives and allied services in different parts of the state.
• To date, the initiative has already trained 1850 women participants in alignment with its goals.
• This was the second in a series of training programmes planned by RT Mission, covering all regions of the state.

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15. What amount has been approved by the Cabinet for connecting 6.4 lakh villages with broadband?
A) Rs 92,000 crore
B) Rs 1.39 lakh crore
C) Rs 2.25 lakh crore
D) Rs 3.75 lakh crore
E) Rs 5.10 lakh crore
Answer: B) Rs 1.39 lakh crore

• The Union Cabinet has approved a last-mile broadband connectivity plan for 6.4 lakh villages across the country under the BharatNet project with an outlay of Rs 1,39,579 crore
• Around 1.94 lakh villages have been connected under the BharatNet project at present, and the balance is likely to be connected in two and a half years
• The last-mile connectivity will be provided by Bharat Broadband Network Limited (BBNL), an arm of state-owned BSNL, in partnership with village level entrepreneur (VLE).
• The pilot project was initially carried out to connect villages in four districts and then expanded to 60,000 villages across most states
• The project is being rolled on a 50 per cent revenue-sharing basis between BBNL and VLE, and the monthly broadband plan price starts from Rs 399 onward.
• There are 37 lakh route kilometres (rkm) of Optical Fibre Cable (OFC) laid in the country, out of which BBNL has laid 7.7 lakh rkm.
• The Union Cabinet chaired by Prime Minister Narendra Modi in June approved the third revival package for BSNL with a total outlay of Rs 89,047 crore, primarily for expenses related to spectrum for 4G and 5G services.
• With the revival package, the total financial aid extended to the state-run telco has crossed Rs 3.2 lakh crore.

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16. Tamil Nadu Chief Minister M K Stalin recently launched which bureau to combat forest and wildlife crimes such as poaching?
A) Environment Protection Bureau
B) Wildlife Conservation Bureau
C) Forest and Wildlife Crime Control Bureau
D) Eco-Watch Bureau
E) Biodiversity Enforcement Bureau
Answer: C) Forest and Wildlife Crime Control Bureau

• Tamil Nadu Chief Minister M K Stalin launched the state’s Forest and Wildlife Crime Control Bureau to combat forest and wildlife crimes such as poaching.
• Also, he released a logo for the Tamil Nadu Forest and Wildlife Crime Control Bureau (TNFWCCB) at an event held at the Secretariat.
• The bureau will be headquartered at Panagal Building, Saidapet and function under a director and four additional directors for Chennai, Coimbatore, Madurai and Ramanathapuram zones.
• As many as 118 forest staff are currently working at this bureau which has registered over 190 wildlife offenses including poaching of elephants for tusks, poaching of tigers for skin, snakes, parrots, shells, etc., and arrested about 50 people.

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17. Which two products from Jammu and Kashmir recently received the Geographical Indication (GI) Tag?
A) Rajouri Saffron and Anantnag Apples
B) RajouriChikri Wood Craft and AnantnagMushqbudji Rice
C) Jammu Chikri Wood Craft and Srinagar Basmati Rice
D) Ladakh Pashmina Shawls and Kargil Saffron
E) Pulwama Saffron and Baramulla Walnuts
Answer: B) RajouriChikri Wood Craft and AnantnagMushqbudji Rice

• The RajouriChikri Wood Craft from Rajouri district and Mushqbudji Rice of Anantnag district of Jammu and Kashmir have received the Geographical Indication (GI) Tag.
• Geographical Indications (GI) is a form of Intellectual Property right that identifies goods originating from a specific geographical location and having distinct nature, quality and characteristics linked to that location.
• The process for GI Tagging of nine products was started by NABARD in consultation with and support from the Department of Handicrafts and Handloom and Department of Agriculture in December 2020, during the difficult times of COVID.
• Chikri is a pale, honey colored, fine grained softwood found in hill ranges of Rajouri district of Jammu province. The Chikri woodcraft of Rajouri is characterized by intricate carving and detailing.
• Similarly, Mushqbudji Rice is a premium variety of short bold aromatic rice grown in higher reaches of the Kashmir valley especially in Anantnag district.
• The cooked Mushqbudji Rice is unique and possesses a harmonious blend of taste, aroma and rich organoleptic properties.

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