Daily Current Affairs August 14

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 14. 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 14 | Daily Current Affairs 2025

Sports – Daily Current Affairs August 14

1. Which Indian athlete recently reached the final of the women’s 52 kg Wushu event at the 2025 World Games?
A) Rishabh Yadav
B) Pooja Rani
C) Namrata Batra
D) Mary Kom
E) Vinesh Phogat
Answer: C) Namrata Batra

Event and Location:

• Event: Namrata Batra reaches final of women’s 52 kg Wushu at the 2025 World Games
• Location: Chengdu, China
• Date: August 2025

Mandates and Objectives:

• Mandates: Namrata Batra defeated Krizan Faith Collado of the Philippines 2–0 to enter the final of the Wushu women’s 52 kg event, becoming the first Indian to assure a medal in Wushu at the World Games.
• Objectives: The goal is to enhance India’s presence in non-Olympic international sports, while showcasing Indian talent in traditional martial arts like Wushu on the global stage.

Important Terms Explained:

• Wushu: A modern combat sport derived from traditional Chinese martial arts, recognized in multi-sport international events such as the World Games.
• World Games: An international multi-sport event for sports that are not contested in the Olympic Games, held every four years under the International World Games Association (IWGA).
• Moscow Star International Wushu Championship: An international martial arts event, where Namrata Batra won gold before competing in the World Games, indicating her top form.

Tabular Summary:

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Banking and Finance – Daily Current Affairs August 14

2. Which bank recently introduced international UPI services through its bob इ Pay app?
A) HDFC Bank
B) ICICI Bank
C) Axis Bank
D) Bank of Baroda
E) SBI
Answer: D) Bank of Baroda

Event and Location:

• Event: Launch of international UPI services on bob इ Pay app by Bank of Baroda
• Location: India (with services enabled in 8 international countries)
• Date: August 12, 2025

Mandates and Objectives:

• Mandates: Bank of Baroda has upgraded its digital payments platform bob इ Pay to support global UPI transactions, allowing Indian and NRI customers to perform cross-border payments.
• Objectives: The aim is to extend the convenience of UPI internationally, enabling seamless, real-time, and secure payments for Indian bank account holders and NRIs using UPI across borders.

Important Terms Explained:

• UPI (Unified Payments Interface): A real-time digital payment system developed by NPCI that enables instant money transfers between bank accounts using mobile devices.
• bob इ Pay: The indigenous UPI app of Bank of Baroda, now enhanced with international UPI functionalities for both resident and NRI users.
• NRE/NRO Accounts: Bank accounts maintained by NRIs. NRE (Non-Resident External) accounts are for income earned abroad, while NRO (Non-Resident Ordinary) accounts handle income earned in India.
• Foreign Inward Remittance: A financial transaction where funds are sent from overseas into an Indian bank account, now supported 24×7 from Singapore on bob इ Pay.

Tabular Summary:

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3. How much amount have Public Sector Banks written off as bad loans in the last five financial years, according to the Ministry of Finance?
A) Rs 3.75 lakh crore
B) Rs 6.15 lakh crore
C) Rs 5.82 lakh crore
D) Rs 4.21 lakh crore
E) Rs 2.65 lakh crore
Answer: C) Rs 5.82 lakh crore

Event and Location:

• Event: Public Sector Banks write off loans worth Rs 5.82 lakh crore over five financial years
• Location: India
• Date: August 12, 2025

Mandates and Objectives:

• Mandates: Public Sector Banks (PSBs) in India have written off Rs 5.82 lakh crore in bad loans over the last five financial years as per the statement by MoS Finance Pankaj Chaudhary in Rajya Sabha.
• Objectives: The write-offs are conducted to clean up bank balance sheets and are done as per RBI guidelines after full provisioning; however, they do not mean a waiver of liability and recovery efforts are ongoing.

Important Terms Explained:

• Loan Write-Off: The process by which banks remove non-performing assets (NPAs) from their balance sheets after making provisions. It doesn’t mean loan forgiveness; banks can still recover these dues.
• Recovery Rate: The percentage of total write-offs recovered by banks. In this case, 28% of written-off loans have been recovered over the last five years.
• SARFAESI Act (2002): The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act empowers banks to recover bad loans through asset seizure without court intervention.
• Insolvency and Bankruptcy Code (IBC): A legal framework introduced in 2016 to facilitate time-bound resolution of insolvency and bankruptcy for companies and individuals.
• Pradhan Mantri Mudra Yojana (PMMY): A government scheme aimed at providing loans up to Rs 10 lakh to small and micro enterprises under Shishu, Kishore, and Tarun categories.

Tabular Summary:

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4. What has the Reserve Bank of India recently allowed regarding special rupee vostro accounts (SRVAs)?
A) Allowed NRIs to open SRVAs directly
B) Permitted full surplus investment in government securities
C) Capped surplus investments to 10%
D) Banned trade settlements via SRVAs
E) Mandated conversion of SRVA funds into USD
Answer: B) Permitted full surplus investment in government securities

Event and Location:

• Event: RBI permits full investment of SRVA surplus in central government securities
• Location: India
• Date: August 12, 2025

Mandates and Objectives:

• Mandates: The Reserve Bank of India (RBI) has allowed holders of Special Rupee Vostro Accounts (SRVAs) to invest their entire rupee surplus in central government securities, removing the previous cap.
• Objectives: The change aims to boost the internationalisation of the Indian Rupee, promote rupee-based trade settlements, and enhance foreign investor participation in India’s government securities market.

Important Terms Explained:

• Vostro Account: A bank account held by an Indian bank on behalf of a foreign bank to facilitate international trade in rupees. It is used to settle trade transactions in local currency between India and other countries.
• Special Rupee Vostro Account (SRVA): A mechanism introduced by the RBI in 2022 to enable settlement of international trade in INR, helping reduce reliance on foreign exchange currencies and promote the rupee globally.
• Government Securities (G-Secs): Debt instruments issued by the central government to borrow money. These include treasury bills (short-term) and dated securities (long-term).
• Foreign Portfolio Investor (FPI): An overseas investor investing in Indian financial markets, typically requiring registration and adherence to specific regulations, unlike SRVA holders under the new norms.

Tabular Summary:

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5. What is the revised minimum monthly average balance for savings accounts in rural areas as per ICICI Bank’s latest update?
A) ₹10,000
B) ₹5,000
C) ₹7,500
D) ₹2,500
E) ₹15,000
Answer: D) ₹2,500

Event and Location:

• Event: ICICI Bank revises minimum account balance requirements for new savings accounts
• Location: India (Applicable across urban, semi-urban, and rural branches)
• Date: August 13, 2025

Mandates and Objectives:

• Mandates: ICICI Bank has reduced the minimum monthly average balance (MAB) for new savings accounts opened after August 1, 2025, following public criticism of its earlier hike.
• Objectives: The revised structure aims to offer relief and flexibility to customers, especially in semi-urban and rural areas, while ensuring customer retention and competitive positioning against zero-balance accounts offered by other major banks.

Important Terms Explained:

• Minimum Account Balance (MAB): The lowest average amount a customer must maintain in their savings account every month to avoid penalties. It differs by account type and location.
• Penalty Charges: If the required balance is not maintained, ICICI Bank will charge 6% of the shortfall or ₹500, whichever is lower. Previously, the penalty was ₹450.
• Zero Balance Account: A type of savings account that does not require maintaining any minimum balance, often offered by public sector banks like SBI and some private banks for financial inclusion.

Tabular Summary:

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6. According to HSBC Mutual Fund, what condition might prompt the RBI to consider further easing of policy rates?
A) Rise in CPI inflation
B) US Fed rate hike
C) Lower-than-expected GDP growth
D) Higher crude oil prices
E) Worsening trade deficit
Answer: C) Lower-than-expected GDP growth

Event and Location:

• Event: RBI may consider policy rate cuts if GDP prints come lower
• Location: India
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained the repo rate at 5.50%, but may consider rate cuts if GDP underperforms projections or if the US Fed begins aggressive rate cuts.
• Objectives: To support economic growth by maintaining adequate liquidity and enabling effective transmission of earlier rate cuts, especially if domestic GDP growth weakens or global financial conditions soften.

Important Terms Explained:

• Repo Rate: The interest rate at which the RBI lends money to commercial banks. A lower repo rate generally reduces borrowing costs and boosts spending and investment.
• GDP Growth Forecast: RBI’s projection for India’s economic growth in FY26 is 6.5%, with quarterly growth ranging from 6.3% to 6.7%.
• Liquidity: Refers to the availability of cash in the banking system. Higher liquidity ensures smoother credit flow and supports lower borrowing costs.

Tabular Summary:

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7. What is the maximum collateral-free loan amount offered by SBI to Agniveers under the new scheme?
A) ₹2 lakh
B) ₹3 lakh
C) ₹4 lakh
D) ₹5 lakh
E) ₹6 lakh
Answer: C) ₹4 lakh

Event and Location:

• Event: SBI launches special ₹4 lakh collateral-free loan scheme for Agniveers
• Location: India
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: SBI launched a personal loan scheme for Agniveers with salary accounts at the bank, offering collateral-free loans of up to ₹4 lakh
• Objectives: To support Agniveers serving under the Agnipath Scheme by offering easy credit access during and after their service period

Important Terms Explained:

• Agnipath Scheme: A Government of India short-term armed forces recruitment scheme under which personnel, called Agniveers, serve for four years
• Collateral-free Loan: A loan provided without requiring the borrower to pledge any asset as security
• Processing Fee Waiver: The elimination of administrative charges typically levied during loan application and disbursal

Tabular Summary:

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Business and Economy – Daily Current Affairs August 14

8. According to a recent Morgan Stanley report, which country is set to become the world’s most coveted consumer market?
A) China
B) Brazil
C) United States
D) India
E) Indonesia
Answer: D) India

Event and Location:

• Event: Morgan Stanley report identifies India as the future top global consumer market
• Location: India (Global Report by Morgan Stanley)
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: Morgan Stanley published a report projecting that India is poised to become the most sought-after global consumer market, based on a series of favorable macroeconomic indicators and policy shifts.
• Objectives: The report aims to inform global investors and policymakers of India’s potential as a resilient, diversified, and high-growth investment destination, backed by rising manufacturing share, export performance, and fiscal consolidation.

Important Terms Explained:

• Credit-to-GDP Ratio: A macroeconomic indicator that compares the size of a country’s credit market to its GDP. A rising ratio suggests increased financial inclusion and credit penetration.
• Oil Intensity in GDP: Measures the amount of oil consumed per unit of GDP. A falling ratio indicates improved energy efficiency and reduced oil dependency, strengthening the external economic position.
• Fiscal Consolidation: Refers to government efforts to reduce fiscal deficits and stabilize public debt, leading to stronger macroeconomic fundamentals.
• Primary Surplus: Occurs when government revenues exceed non-interest expenditures, indicating sound fiscal health and allowing for lower borrowing needs.
• Price-to-Earnings (P/E) Ratio: A valuation metric for stocks, with higher ratios generally indicating stronger market optimism or anticipated growth.

Tabular Summary:

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9. What was Bharat Petroleum Corporation Ltd’s (BPCL) consolidated net profit in Q1 of FY26?
A) ₹2,841.55 crore
B) ₹13,336.55 crore
C) ₹6,839.02 crore
D) ₹8,060.47 crore
E) ₹10,112.36 crore
Answer: C) ₹6,839.02 crore

Event and Location:

• Event: BPCL reports record consolidated net profit for Q1 FY26
• Location: India
• Date: August 13, 2025

Mandates and Objectives:

• Mandates: Bharat Petroleum Corporation Ltd (BPCL) reported a consolidated net profit of ₹6,839.02 crore for the first quarter of FY26, more than doubling from the same period last year.
• Objectives: The record profit was driven by higher marketing margins from fuel retailing, despite lower refining margins, unpaid LPG subsidies, and inventory losses.

Important Terms Explained:

• Marketing Margin: The difference between the cost of crude and the selling price of petroleum products like petrol and diesel. BPCL earned higher margins by keeping fuel prices steady while global benchmarks fell.
• Gross Refining Margin (GRM): The earnings per barrel of crude processed into fuel. BPCL’s GRM fell to USD 4.88 per barrel from USD 7.86 per barrel a year ago.
• LPG Subsidy (Under-Recovery): The loss borne by oil companies when selling LPG below market price. The government compensates this through subsidies, but BPCL had ₹2,076.2 crore unpaid subsidy in Q1 FY26.
• Downstream Petroleum Business: Includes refining, marketing, and distribution of petroleum products. BPCL’s pre-tax profit from this segment rose sharply in Q1 FY26.

Tabular Summary:

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10. What was India’s Wholesale Price Index (WPI) inflation rate in July 2025?
A) -1.23%
B) 2.05%
C) -0.58%
D) -0.13%
E) 1.55%
Answer: C) -0.58%

Event and Location:

• Event: WPI inflation recorded at a two-year low of -0.58% in July 2025
• Location: India
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: The Ministry of Commerce and Industry released data showing that Wholesale Price Index (WPI) inflation remained in deflationary territory for the second consecutive month, hitting -0.58% in July 2025, its lowest in two years.
• Objectives: The aim is to monitor factory gate inflation trends, assess the impact of food and fuel price changes, and guide monetary and fiscal policy decisions.

Important Terms Explained:

• WPI (Wholesale Price Index): An index that tracks the price of goods at the wholesale or producer level. It helps assess inflation from the seller’s perspective, unlike CPI which measures consumer prices.
• Deflation: A negative inflation rate, indicating a general decline in prices of goods and services. In this context, WPI deflation suggests lower producer-level inflation.
• Primary Food Articles: Includes perishable and essential food items such as vegetables, fruits, pulses, and animal products. Deflation in this segment indicates a drop in wholesale food prices.
• Manufactured Products (WPI Weight: 64%): These include industrial goods such as apparel, cement, paper, and chemicals. A rise in this segment shows cost push inflation from input-heavy sectors.
• Fuel and Power: One of the three major WPI categories, tracking energy commodities like petrol, diesel, and LPG. Price drops here are linked to global oil trends.

Tabular Summary:

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11. India’s solar PV module manufacturing capacity recently reached what milestone, according to MNRE?
A) 50 GW
B) 75 GW
C) 90 GW
D) 100 GW
E) 125 GW
Answer: D) 100 GW

Event and Location:

• Event: India’s solar PV module manufacturing capacity reaches 100 GW
• Location: Nationwide (India-wide manufacturing infrastructure)
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: Under the Approved List of Models and Manufacturers (ALMM) scheme, India’s solar module manufacturing capacity has increased from 2.3 GW in 2014 to 100 GW in 2025, involving 123 units from 100 manufacturers.
• Objectives: To enhance domestic solar manufacturing capacity, promote self-reliance in clean energy, and progress towards India’s target of 500 GW non-fossil fuel capacity by 2030.

Important Terms Explained:

• Solar PV Module: A solar photovoltaic (PV) module is an assembly of solar cells that convert sunlight into electricity and are used in solar panels.
• ALMM (Approved List of Models and Manufacturers): A regulatory mechanism introduced by MNRE in 2019 to ensure quality and reliability of solar equipment used in government projects.
• Non-fossil Fuel-based Capacity: Includes power generation capacity from solar, wind, hydro, nuclear, and bioenergy sources — excluding coal, oil, and natural gas.

Tabular Summary:

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12. Which company became the first to file a DRHP for equity listing at GIFT IFSC?
A) Eruditus
B) UpGrad
C) NMIMS Global
D) BYJU’S
E) XED Executive Development Ltd
Answer: E) XED Executive Development Ltd

Event and Location:

• Event: XED Executive Development Ltd filed the first equity IPO DRHP at GIFT IFSC
• Location: GIFT City, Gujarat
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: The company has submitted a Draft Red Herring Prospectus (DRHP) for a $12 million equity IPO at NSE IX and India INX.
• Objectives: To raise funds for technology capex, working capital, IPO costs, and general corporate purposes including unidentified acquisitions; to leverage the IFSCA framework enabling Indian companies to list internationally.

Important Terms Explained:

• DRHP (Draft Red Herring Prospectus): A preliminary offer document filed with a stock exchange before an IPO, detailing company information, financials, and objectives of the issue.
• GIFT IFSC (Gujarat International Finance Tec-City – International Financial Services Centre): India’s global financial hub that allows Indian firms to raise capital internationally without being incorporated overseas.
• IFSCA (International Financial Services Centres Authority): The regulator for all financial services in GIFT IFSC, overseeing banking, capital markets, insurance, and fund management.

Tabular Summary:

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13. After how many years did S&P Global upgrade India’s sovereign credit rating to ‘BBB’?
A) 10 years
B) 12 years
C) 15 years
D) 17 years
E) 18 years
Answer: E) 18 years

Event and Location:

• Event: S&P Global upgraded India’s sovereign rating from ‘BBB-‘ to ‘BBB’
• Location: India (Global Credit Rating context)
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: S&P Global has upgraded India’s sovereign credit rating from the lowest investment grade (BBB-) to BBB with a stable outlook.
• Objectives: To reflect India’s strong macroeconomic fundamentals, fiscal consolidation, infrastructure push, and policy stability driving long-term sustainable growth.

Important Terms Explained:

• S&P Global Ratings: A major international credit rating agency that assesses the creditworthiness of countries and institutions.
• Sovereign Credit Rating: An evaluation of a country’s ability to repay its debts; used by investors to gauge risk.
• Fiscal Consolidation: Government efforts to reduce fiscal deficit and public debt by controlling expenditure and increasing revenues.

Tabular Summary:

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14. According to Morgan Stanley, when is India’s microfinance sector expected to start recovering from ongoing stress?
A) Q1 FY25
B) Q2–Q3 FY26
C) Q4 FY26
D) Q1 FY27
E) Q2 FY27
Answer: B) Q2–Q3 FY26

Event and Location:

• Event: Morgan Stanley forecasts prolonged stress in India’s microfinance sector
• Location: India
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: Morgan Stanley released a report highlighting asset quality concerns, muted loan growth, and rising NPAs in India’s microfinance sector
• Objectives: To project the sector’s stress outlook and recovery timeline, and assess key financial indicators across major microfinance players

Important Terms Explained:

• Microfinance Institutions (MFIs): Financial entities that provide small loans and financial services to low-income individuals or groups
• Assets Under Management (AUM): The total market value of financial assets a firm manages on behalf of its clients
• Gross Non-Performing Assets (GNPA): The total value of defaulted loans on which the borrower has failed to make interest or principal repayments

Tabular Summary:

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15. Which organization has partnered with BHASHINI to promote cybersecurity awareness in 22 Indian languages?
A) Infosys
B) TCS
C) Quick Heal Technologies
D) DRDO
E) C-DAC
Answer: C) Quick Heal Technologies

Event and Location:

• Event: Quick Heal partners with BHASHINI to deliver multilingual cybersecurity awareness
• Location: India
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: Quick Heal signed an MoU with BHASHINI to offer digital safety and privacy education in 22 Indian languages
• Objectives: To bridge the language barrier in cybersecurity awareness and empower over 800 million users with regional-language content

Important Terms Explained:

• BHASHINI: A multilingual AI platform under MeitY, facilitating language accessibility through AI tools like translation, speech recognition, and OCR
• DPDP Act, 2023: Digital Personal Data Protection Act, a legal framework to protect personal digital data and ensure privacy rights for citizens
• Seqrite: The enterprise cybersecurity arm of Quick Heal Technologies, which will integrate BHASHINI’s AI stack to offer real-time multilingual threat alerts and support

Tabular Summary:

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16. India recently imposed anti-dumping duty on hot-rolled steel products from which country?
A) China
B) Japan
C) South Korea
D) Vietnam
E) Indonesia
Answer: D) Vietnam

Event and Location:

• Event: India imposes anti-dumping duty on steel imports from Vietnam
• Location: India and Vietnam (bilateral trade context)
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: The Ministry of Commerce and Industry imposed anti-dumping duty on select hot-rolled steel products from Vietnam after a year-long investigation
• Objectives: To protect Indian steel manufacturers from injury caused by unfairly low-priced steel imports and prevent further threats to local steel mills

Important Terms Explained:

• Anti-Dumping Duty: A protectionist tariff imposed on imports that are priced below fair market value to safeguard domestic industries
• Hot-Rolled Flat Steel Products: Steel products processed at high temperatures used in construction, automotive, and industrial manufacturing
• Injury Margin: The measure of harm caused to domestic industries due to underpriced imports, used to justify trade remedies like tariffs

Tabular Summary:

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17. As per Tata Motors’ 2025 report, what percentage of Indian EV users consider EVs as their primary vehicle?
A) 65%
B) 74%
C) 80%
D) 84%
E) 90%
Answer: D) 84%

Event and Location:

• Event: Tata Motors releases EV Charging and Usage Report 2025
• Location: Pan-India
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: Release of a comprehensive electric vehicle usage and charging trends report by Tata Motors
• Objectives: To track EV adoption trends, usage behaviour, and assess the growth and distribution of charging infrastructure across India

Important Terms Explained:

• EV (Electric Vehicle): A vehicle that runs entirely on electric power using a battery and electric motor instead of an internal combustion engine (ICE)
• ICE (Internal Combustion Engine): A conventional engine that runs on petrol or diesel, used in most traditional cars
• Mega Charger Network: A large-scale, fast-charging infrastructure setup enabling long-distance travel for EVs
• Unified Payment Ecosystem: A digital system that allows EV users to pay for charging services across providers through a single platform

Tabular Summary:

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Appointments – Daily Current Affairs August 14

18. Who has been appointed as the new CEO of SMFG India Credit?
A) Shantanu Mitra
B) Amitabh Chaudhry
C) Uday Kotak
D) Sandeep Bakhshi
E) Ravi Narayanan
Answer: E) Ravi Narayanan

Event and Location:

• Event: Appointment of Ravi Narayanan as CEO of SMFG India Credit
• Location: India
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: Ravi Narayanan has been appointed as the Chief Executive Officer of SMFG India Credit, replacing the outgoing CEO Shantanu Mitra.
• Objectives: The appointment aims to bring an external perspective to leadership and align SMFG India Credit’s operations with the long-term strategic goals of Sumitomo Mitsui Financial Group.

Important Terms Explained:

• SMFG (Sumitomo Mitsui Financial Group): A major Japanese financial group, which acquired Fullerton India Credit to expand its footprint in the Indian lending and NBFC sectors.
• NBFC (Non-Banking Financial Company): A financial institution offering loan and credit facilities similar to banks but without a banking license. NBFCs play a crucial role in financial inclusion in India.
• Fullerton India Credit Company: A former Indian NBFC that was acquired by SMFG. It focuses on providing loans to retail and SME customers and now operates as SMFG India Credit.

Tabular Summary:

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International Affairs – Daily Current Affairs August 14

19. Where was the 3rd India-Singapore Ministerial Roundtable held in August 2025?
A) Mumbai
B) New Delhi
C) Singapore
D) Bengaluru
E) Hyderabad
Answer: B) New Delhi

Event and Location:

• Event: 3rd India-Singapore Ministerial Roundtable held to enhance bilateral cooperation
• Location: New Delhi, India
• Date: August 2025

Mandates and Objectives:

• Mandates: The 3rd India-Singapore Ministerial Roundtable (ISMR) was conducted to discuss progress on key pillars of cooperation and set the agenda for future collaboration.
• Objectives: The roundtable aimed to strengthen the Comprehensive Strategic Partnership between India and Singapore by enhancing cooperation across six key sectors and fostering synergy between government and industry.

Important Terms Explained:

• Comprehensive Strategic Partnership: A high-level bilateral agreement between India and Singapore that emphasizes deep cooperation in areas such as trade, defense, innovation, and people-to-people exchange.
• ISMR (India-Singapore Ministerial Roundtable): A recurring high-level platform involving key ministers from both nations to deliberate on economic and strategic collaboration.
• ISBR (India Singapore Business Roundtable): An engagement involving business leaders from both countries, held parallel to ISMR to align public-private sector efforts in bilateral trade and investment.

Tabular Summary:

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Schemes – Daily Current Affairs August 14

20. How much total amount was disbursed to farmers under the first phase of the Annadata Sukhibhava scheme in Andhra Pradesh?
A) Rs 2,000 crore
B) Rs 3,175 crore
C) Rs 1,670 crore
D) Rs 2,343 crore
E) Rs 832 crore
Answer: B) Rs 3,175 crore

Event and Location:

• Event: Launch of Annadata Sukhibhava-PM Kisan Scheme and disbursal of financial aid to farmers
• Location: East Veerayapalem Village, Darsi Mandal, Prakasam District, Andhra Pradesh
• Date: August 3, 2025

Mandates and Objectives:

• Mandates: Andhra Pradesh CM Nara Chandrababu Naidu launched the Annadata Sukhibhava scheme by disbursing Rs 3,175 crore to 46.85 lakh farmers as part of an annual Rs 20,000 support package.
• Objectives: The initiative aims to empower farmers, enhance rural livelihoods, and provide direct financial assistance through a combination of State and Central support, promoting technology-driven agriculture and financial inclusion.

Important Terms Explained:

• Annadata Sukhibhava Scheme: A welfare initiative of the Andhra Pradesh government providing Rs 20,000 annual financial aid to farmers in three instalments, launched under the Super Six promises of the TDP-BJP-Jana Sena alliance.
• PM-KISAN: A Central government scheme providing Rs 6,000 annually to small and marginal farmers in three instalments. In this case, the scheme is being clubbed with state benefits for broader farmer coverage.
• Polam Pilustondi: A field-level agricultural support programme aimed at resolving issues in villages and delivering technical solutions to farmers on the ground.
• Deepam Scheme: A welfare initiative to provide free gas cylinders to women from low-income households in Andhra Pradesh.
• Talliki Vandanam Scheme: Offers Rs 15,000 per child per household as financial assistance, focusing on women and child welfare.

Tabular Summary:

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National Affairs – Daily Current Affairs August 14

21. Who launched the logo, brochure, and website of the Bharat Steel event in August 2025?
A) Piyush Goyal
B) Jyotiraditya Scindia
C) H.D. Kumaraswamy
D) Ashwini Vaishnaw
E) Dharmendra Pradhan
Answer: C) H.D. Kumaraswamy

Event and Location:

• Event: Launch of logo, brochure, and website for Bharat Steel international conference
• Location: Vigyan Bhawan, New Delhi
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: The Union Minister of Steel and Heavy Industries, H.D. Kumaraswamy, unveiled the official logo, brochure, and website for Bharat Steel, an international event focused on the steel sector.
• Objectives: The initiative aims to promote India’s steel ecosystem, attract global participation, and highlight innovation, sustainability, and investment opportunities in the steel industry.

Important Terms Explained:

• Bharat Steel: The flagship international conference-cum-exhibition of the Ministry of Steel, aimed at showcasing India’s capabilities in the steel sector and fostering global collaboration.
• Secondary Steel Sector: Refers to smaller-scale steel producers that contribute significantly to India’s steel output, often focusing on recycling, reprocessing, and regional supply chains.
• Green and Sustainable Steelmaking: Refers to eco-friendly steel production methods, including lower emissions, use of renewable energy, and efficient resource management to support environmental goals.

Tabular Summary:

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22. Which university hosted the Interfaith Youth Dialogue on International Youth Day 2025?
A) Osmania University
B) Andhra University
C) Delhi University
D) Banaras Hindu University
E) University of Hyderabad
Answer: B) Andhra University

Event and Location:

• Event: Hosting of Interfaith Youth Dialogue and Youth Engagement Programme on International Youth Day 2025
• Location: Andhra University, Visakhapatnam, Andhra Pradesh
• Date: August 12, 2025

Mandates and Objectives:

• Mandates: Andhra University hosted a centenary celebration event on International Youth Day 2025, featuring an Interfaith Youth Dialogue and Engagement Programme in collaboration with national and international institutions.
• Objectives: The event aimed to foster interfaith understanding, promote youth leadership, and align engagement with the Sustainable Development Goals (SDGs), while showcasing India’s role in inclusive and youth-centric policy dialogue.

Important Terms Explained:

• International Youth Day: Observed every year on August 12, it is a UN initiative to raise awareness about issues affecting youth and to promote youth participation in decision-making.
• Sustainable Development Goals (SDGs): A set of 17 global goals established by the United Nations to achieve a better and more sustainable future by 2030. At this event, SDGs were launched in Telugu to enhance local accessibility.
• Interfaith Dialogue: A structured conversation between people of different religious backgrounds aimed at promoting understanding, tolerance, and peace.

Tabular Summary:

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23. What is the revised security deposit per square metre for land allotted to Ramleela organisers in Delhi?
A) ₹25
B) ₹20
C) ₹15
D) ₹10
E) ₹30
Answer: C) ₹15

Event and Location:

• Event: Launch of single-window system for Ramleela event NOCs in Delhi
• Location: Delhi, India
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: Chief Minister Rekha Gupta announced a single-window clearance system for issuing No Objection Certificates (NOCs) for Ramleela performances across Delhi.
• Objectives: The initiative aims to streamline approval processes, reduce delays for event organisers, and improve coordination between departments during Ramleela season.

Important Terms Explained:

• Single-Window System: A mechanism where multiple approvals or services from different departments are processed through a centralised interface, improving efficiency and reducing red tape.
• No Objection Certificate (NOC): An official document issued by a government authority stating that there are no objections to the proposed activity or event. It is mandatory for public events in India.
• Delhi Ramleela Federation: An umbrella organisation representing Ramleela organisers in Delhi. It coordinates with the government on matters of land allocation, regulation, and policy concerns.

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24. How many new AC electric buses will BMTC operate on airport routes under the Vayu Vajra service?
A) 125
B) 195
C) 320
D) 150
E) 434
Answer: B) 195

Event and Location:

• Event: Launch of BMTC’s AC electric buses (Vayu Vajra) on airport routes
• Location: Kempegowda International Airport, Bengaluru, Karnataka
• Date: August 15, 2025

Mandates and Objectives:

• Mandates: BMTC is launching 195 electric air-conditioned buses on its Vayu Vajra (airport) routes, flagged off by Transport Minister Ramalinga Reddy at Terminal 2.
• Objectives: The initiative aims to modernize public transport, reduce operational costs, lower emissions, and replace the ageing Volvo fleet with eco-friendly alternatives using government-supported funding.

Important Terms Explained:

• BMTC (Bengaluru Metropolitan Transport Corporation): The government-owned public transport provider in Bengaluru, Karnataka, known for operating Vajra (premium) and Vayu Vajra (airport) services.
• Vayu Vajra: BMTC’s premium airport shuttle service, now upgraded with AC electric buses to improve efficiency and passenger comfort.
• Gross Cost Contract (GCC): A bus contracting model where the private operator supplies and maintains the buses, while the transport corporation handles fare collection and operations.
• Ohm Global Mobility Ltd: The leasing company providing e-buses to BMTC under the GCC model as part of Karnataka’s green public transport initiative.
• Opportunity Charging: A method of fast-charging electric vehicles during short layovers, with each session taking about 45–60 minutes in this context.

Tabular Summary:

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25. Which Japanese firm has signed an MoU with Tamil Nadu to set up a ₹700 crore manufacturing plant?
A) Hitachi
B) Koki Holdings
C) Panasonic
D) Toshiba
E) Mitsubishi
Answer: B) Koki Holdings

Event and Location:

• Event: Tamil Nadu signs MoU with Hikoki Power Tools for new manufacturing plant
• Location: Mahindra World City, Chengalpattu, Tamil Nadu
• Date: August 14, 2025

Mandates and Objectives:

• Mandates: Signing of a Memorandum of Understanding (MoU) between Tamil Nadu Government and Hikoki Power Tools to establish a new plant
• Objectives: To boost high-value manufacturing in Tamil Nadu, create employment opportunities, and contribute to the $1 trillion economy goal by 2030

Important Terms Explained:

• MoU (Memorandum of Understanding): A formal agreement between two or more parties outlining mutual goals and intentions without being legally binding
• Advanced Manufacturing: A set of innovative processes and technologies used to improve products and production methods, going beyond traditional assembly
• Mahindra World City: An integrated business city developed by Mahindra Lifespace Developers, focusing on sustainable urbanisation and industrial growth

Tabular Summary:

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Over All Review

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