Daily Current Affairs August 18

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 18. 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 18 | Daily Current Affairs 2025

Sports – Daily Current Affairs August 18

1. Where will the inaugural season of the Archery Premier League (APL) be held in October 2025?
A) Indira Gandhi Indoor Stadium
B) Shiv Chhatrapati Sports Complex
C) Yamuna Sports Complex
D) Kalinga Stadium
E) Gachibowli Stadium
Answer: C) Yamuna Sports Complex

Event and Location:

• Event: Launch of the inaugural Archery Premier League (APL)
• Location: Yamuna Sports Complex, New Delhi
• Date: Scheduled for October 2025 (announced on 18 August 2025)

Mandates and Objectives:

• Mandates: A six-franchise Archery Premier League is set to debut with participation from top Indian and international archers. The format will include both recurve and compound archery and will be held over 11 days under floodlights.
• Objectives: The league aims to professionalize and popularize archery in India, provide high-quality competition to archers, attract fan engagement, and elevate India’s presence in the global archery ecosystem.

Important Terms Explained:

• Archery Premier League (APL): A newly launched franchise-based league supported by the Archery Association of India, World Archery, and the Asian Archery Federation, bringing together top global and Indian archers.
• Recurve & Compound Archery: Two types of bow categories in competitive archery. Recurve archers will shoot from 70 meters, while compound archers will shoot from 50 meters.
• Draft System: A method of team formation where players are picked based on a structured selection order rather than through an auction; used for squad balance and fairness.

Tabular Summary:

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Banking and Finance – Daily Current Affairs August 18

2. Which two networks are featured in the newly launched IndiGo IDFC FIRST Credit Card?
A) Visa and Mastercard
B) RuPay and Visa
C) Mastercard and American Express
D) Mastercard and RuPay
E) Visa and Discover
Answer: D) Mastercard and RuPay

Event and Location:

• Event: Launch of IndiGo IDFC FIRST co-branded dual-network credit card
• Location: India (nationwide availability)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates: IndiGo and IDFC FIRST Bank have launched a co-branded credit card that supports both Mastercard and RuPay networks through a single application. Customers receive two cards with unified rewards.
• Objectives: The card aims to broaden access to travel rewards, integrate UPI, POS, and international usage under a dual-network setup, and increase loyalty engagement via the IndiGo BluChips program, including options for fixed deposit-based approval.

Important Terms Explained:

• IndiGo IDFC FIRST Credit Card: A dual-network co-branded credit card offering by IndiGo and IDFC FIRST Bank with benefits across Mastercard and RuPay platforms, including travel rewards, insurance, and UPI integration.
• BluChips: IndiGo’s frequent flyer and loyalty points program that allows cardholders to redeem points for flight bookings, with accelerated earning on IndiGo transactions.
• Fixed Deposit-backed Credit Card: A secured card model that allows customers to apply for a credit card by placing a fixed deposit (FD), eliminating the need for a high credit score and making premium cards more accessible.

Tabular Summary:

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3. Which index does the newly launched Tata AIA Momentum 50 Index Fund track?
A) Nifty 50
B) BSE Sensex
C) Nifty Next 50
D) BSE 500 Momentum 50 Customised Index
E) Nifty Midcap 150
Answer: D) BSE 500 Momentum 50 Customised Index

Event and Location:

• Event: Launch of Tata AIA Momentum 50 Index Fund
• Location: Mumbai, India
• Date: 18 August 2025 (NFO open till 25 August 2025)

Mandates and Objectives:

• Mandates: Tata AIA Life Insurance launched a New Fund Offer (NFO) priced at ₹10 per unit, which tracks the BSE 500 Momentum 50 Customised Index, investing in 50 high-momentum stocks.
• Objectives: The fund aims to deliver equity market-linked returns using a rules-based momentum strategy, while combining investment growth with life insurance coverage for policyholders.

Important Terms Explained:

• Momentum 50 Index Fund: A type of equity fund that invests in stocks showing strong recent performance, based on the momentum investing principle that winners continue to outperform.
• BSE 500 Momentum 50 Customised Index: A customized index representing 50 high-momentum stocks selected from the BSE 500, reflecting stocks that have shown superior price strength.
• New Fund Offer (NFO): The first-time subscription offer for a new mutual fund or unit-linked fund scheme, in this case offered at ₹10 per unit.
• Asset Allocation Strategy: The fund will invest 80–100% in equities and up to 20% in money market instruments, balancing growth with liquidity.

Tabular Summary:

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Business and Economy – Daily Current Affairs August 18

4. What is the maximum late fee concession provided under LIC’s Special Revival Campaign 2025?
A) ₹3,000
B) ₹4,000
C) ₹5,000
D) ₹7,500
E) ₹10,000
Answer: C) ₹5,000

Event and Location:

• Event: Launch of LIC’s Special Revival Campaign for lapsed insurance policies
• Location: Nationwide (India)
• Date: 18 August 2025 to 17 October 2025

Mandates and Objectives:

• Mandates: The Life Insurance Corporation of India (LIC) launched a 2-month special campaign allowing policyholders to revive lapsed non-linked insurance policies with up to 30% concession on late fees, subject to a maximum cap.
• Objectives: To support policyholders who were unable to pay premiums on time due to unforeseen circumstances, and to encourage them to restore insurance coverage and receive full policy benefits.

Important Terms Explained:

• Special Revival Campaign: A limited-time scheme by LIC allowing revival of lapsed insurance policies with financial concessions on late payment fees, without waiving medical requirements.
• Non-Linked Insurance Plans: Traditional insurance plans not linked to capital markets. These are eligible under the campaign for revival.
• Total Receivable Premium (TRP): The accumulated due premium amount for a policy. Concessions under the campaign are capped based on the TRP category.
• Micro Insurance Plans: Low-ticket insurance products aimed at economically weaker sections; under this campaign, they receive 100% late fee waiver.

Tabular Summary:

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5. Which herbal functional beverage brand is at the center of the new joint venture between RCPL and Naturedge Beverages?
A) Campa
B) Raskik
C) Shunya
D) Armour
E) Ananta
Answer: C) Shunya

Event and Location:

• Event: RCPL acquires majority stake in Naturedge Beverages in a joint venture
• Location: India (Headquartered in Mumbai)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates: Reliance Consumer Products Ltd (RCPL) entered into a joint venture with Naturedge Beverages Pvt Ltd, acquiring a majority stake to strengthen its position in the functional and herbal beverage segment.
• Objectives: The venture aims to promote Ayurveda-inspired wellness beverages like Shunya, expand product reach across India using RCPL’s distribution network, and offer affordable, health-focused drinks to the masses.

Important Terms Explained:

• RCPL (Reliance Consumer Products Limited): The FMCG arm of Reliance Industries, launched in 2022, focusing on building a consumer-centric portfolio in food and beverages, including brands like Campa, Campa Energy, and Raskik.
• Naturedge Beverages Pvt Ltd: A startup founded in 2018 by Siddhesh Sharma from the Baidyanath Group, known for its Ayurvedic expertise. It owns beverage brands like Shunya and Armour, targeting health-conscious consumers.
• Shunya: A zero-calorie, zero-sugar herbal functional drink infused with Indian super herbs such as Ashwagandha, Brahmi, Khus, Kokum, and Green Tea, designed to boost wellness naturally.
• Functional Beverages: A category of drinks fortified with ingredients that offer health benefits beyond basic nutrition, such as herbal extracts, vitamins, or amino acids.

Tabular Summary:

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6. Which organization awarded Rail Vikas Nigam Limited (RVNL) a ₹178.64 crore signalling contract in August 2025?
A) Ministry of Railways
B) RITES Ltd
C) IRCON International Ltd
D) Indian Railways Finance Corporation
E) BHEL
Answer: C) IRCON International Ltd

Event and Location:

• Event: RVNL awarded ₹178.64 crore signalling contract by IRCON
• Location: Multiple locations across the Gevra Road–Pendra Road railway section
• Date: 18 August 2025

Mandates and Objectives:

• Mandates: Rail Vikas Nigam Limited (RVNL) received a Letter of Acceptance (LOA) from IRCON International Ltd for a signalling and telecommunications project involving Electronic Interlocking systems and Intermediate Block Signalling across 10 railway stations and block sections.
• Objectives: To enhance railway safety, operational efficiency, and signalling automation through modern signalling systems, ensuring improved train control and communication in the Gevra Road–Pendra Road section.

Important Terms Explained:

• Electronic Interlocking (EI): A modern, computer-based signalling system that replaces conventional lever frames for controlling train routes and movements, enhancing safety and efficiency.
• Intermediate Block Signalling (IBS): A signalling system used to divide long block sections into smaller segments, enabling more trains to run safely by reducing headway.
• Section Control System: Centralized monitoring and management of train operations over a railway section, including voice and data communication systems for train control.
• IRCON International Ltd: A public sector engineering and construction company under the Ministry of Railways, specializing in infrastructure projects including railways, highways, and bridges.

Tabular Summary:

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7. What was Ashok Leyland’s total revenue in Q1 FY26, marking its highest-ever first-quarter performance?
A) ₹7,820 crore
B) ₹8,120 crore
C) ₹8,725 crore
D) ₹9,100 crore
E) ₹8,540 crore
Answer: C) ₹8,725 crore

Event and Location:

• Event: Ashok Leyland posts record Q1 FY26 results, shares surge 8.2%
• Location: India (Headquartered in Chennai, Tamil Nadu; listed on NSE/BSE)
• Date: 18 August 2025 (Q1 results for April–June 2025)

Mandates and Objectives:

• Mandates: Ashok Leyland, the commercial vehicle arm of the Hinduja Group, reported its highest-ever Q1 revenue of ₹8,725 crore, with record quarterly volumes of 44,238 units and PAT of ₹594 crore, leading to an 8.2% surge in share price.
• Objectives: The results reflect robust demand, operational efficiencies, market share gains, and export growth, reinforcing investor confidence and leading analysts to maintain buy ratings on the stock.

Important Terms Explained:

• EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization): A financial metric indicating a company’s operating performance; Ashok Leyland reported ₹970 crore EBITDA with an 11.1% margin in Q1 FY26.
• Market Share: Ashok Leyland’s medium and heavy commercial vehicle (M&HCV) market share rose from 28.9% to 30.7%, reflecting a 2% YoY growth in truck volumes.
• 52-Week High: The highest stock price reached in the last one year; Ashok Leyland’s stock hit a new 52-week high of ₹132.80 following the results.
• PAT (Profit After Tax): Net earnings after all expenses and taxes; rose from ₹526 crore to ₹594 crore YoY in Q1 FY26.
• Analyst Ratings: Financial institutions like Bank of America, Avendus Capital, and Motilal Oswal issued buy ratings, with target prices between ₹135 and ₹146.

Tabular Summary:

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8. According to a Union Bank of India Research report, what is the projected size of India’s semiconductor market by 2032?
A) $50 billion
B) $75 billion
C) $90 billion
D) $100.2 billion
E) $110 billion
Answer: D) $100.2 billion

Event and Location:

• Event: Union Bank of India report projects India’s semiconductor market to triple by 2032
• Location: India (Report released in New Delhi)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates: The Union Bank of India Research report highlights that India’s semiconductor market, currently valued at $34.3 billion (2023), is projected to grow to $100.2 billion by 2032, with a CAGR of 20%. Globally, the semiconductor market is expected to reach $1 trillion by 2030.
• Objectives: The projections aim to emphasize India’s rising role in the global semiconductor value chain, driven by export potential, policy incentives, domestic design talent, and industrial application demand — especially from sectors like telecom, 5G, AI, EVs, and electronics.

Important Terms Explained:

• Semiconductor Mission: A national initiative by the Government of India with a $10 billion outlay to establish a robust semiconductor and display ecosystem, including fabs, testing, and packaging units.
• Design-Linked Incentive Programme (DLI): A scheme offering financial and infrastructure support to domestic semiconductor design companies, enhancing India’s role in chip design and innovation.
• VLSI (Very-Large-Scale Integration): A technology used in creating integrated circuits, where over 1 lakh Indian engineers are already employed globally and domestically in design services.
• Compound Semiconductor: A semiconductor made of two or more elements; crucial in high-frequency, high-power applications like 5G, aerospace, and automotive sectors.
• Semicon India Programme: A broad policy framework under the Make in India initiative to boost local semiconductor production and attract global investments in the sector.

Tabular Summary:

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9. Which EV start-up is launching India’s first high-voltage electric motorcycle by November 2025?
A) Ather Energy
B) Raptee.HV
C) Ultraviolette Automotive
D) Tork Motors
E) Ola Electric
Answer: B) Raptee.HV

Event and Location:

• Event: Launch of India’s first high-voltage electric motorcycle by EV start-up Raptee.HV
• Location: Chennai, Tamil Nadu
• Date: To be commercially launched in November 2025 (announcement on 18 August 2025)

Mandates and Objectives:

• Mandates: Raptee.HV, a Chennai-based EV start-up, will commercially launch its high-voltage electric motorcycle (T-30), designed to rival 250–300cc ICE bikes, with deliveries beginning in Chennai and Bengaluru.
• Objectives: To offer a high-performance, long-range EV motorcycle compatible with India’s existing car charging infrastructure (CCS2), and make EV adoption in the mid-segment motorcycle category viable and scalable through innovation, speed, and vendor collaboration.

Important Terms Explained:

• High-Voltage Electric Motorcycle (T-30): India’s first high-voltage electric bike operating at 240V, enabling superior power, reduced heat, fast charging (36 minutes), and compatibility with 35,000+ public car chargers using CCS2 standard.
• CCS2 Charging: A Combined Charging System standard used in electric four-wheelers; Raptee’s bike is the only 2-wheeler in India compatible with this, offering faster charging and widespread accessibility.
• NCA Battery Chemistry: A lithium-ion cell chemistry composed of Nickel-Cobalt-Aluminium, used by global EV leaders like Tesla. Offers better energy density and longevity compared to conventional NMC cells.
• Cheyyar Plant: A 40-acre production facility in Tamil Nadu, being set up with a ₹360 crore investment, to scale capacity to 70,000 units annually. Supported under Tamil Nadu’s EV Policy.
• Bluehill Capital: One of the venture capital investors in Raptee, along with HNIs and strategic industry leaders backing the pre-Series A funding.

Tabular Summary:

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Schemes – Daily Current Affairs August 18

10. What is the primary focus of the Canara Bank Dr. Ambedkar Vidya Jyothi Scholarship launched on India’s 79th Independence Day?
A) Financial literacy training for rural youth
B) Funding SC/ST girl students’ education
C) Building digital banking infrastructure
D) Supporting women entrepreneurs
E) Promoting skill development in agriculture
Answer: B) Funding SC/ST girl students’ education

Event and Location:

• Event: Launch of Canara Bank Dr. Ambedkar Vidya Jyothi Scholarship on Independence Day
• Location: Pan-India coverage via all Canara Bank branches
• Date: 15 August 2025

Mandates and Objectives:

• Mandates: Canara Bank distributed scholarships worth ₹1824.68 lakhs to meritorious SC/ST girl students under the Canara Bank Dr. Ambedkar Vidya Jyothi Scholarship. The initiative was implemented across 26 Circle Offices, 177 Regional Offices, and over 9,861 branches.
• Objectives: The scholarship aims to promote educational empowerment, enable academic excellence, and contribute toward the national vision of Shikshit Bharat, Viksit Bharat by supporting underprivileged SC/ST girl students.

Important Terms Explained:

• Canara Bank Dr. Ambedkar Vidya Jyothi Scholarship: A CSR initiative by Canara Bank launched to support the higher education of meritorious SC/ST girl students from underprivileged communities.
• CSR (Corporate Social Responsibility): A mandatory responsibility for companies under Section 135 of the Companies Act, 2013, to contribute to the social and economic development of the country through initiatives like education, sanitation, and empowerment.
• Samarthanam Trust for the Disabled: A non-profit organization supported under this CSR program, known for providing assistive devices and inclusive education to Divyangjans (persons with disabilities).

Tabular Summary:

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11. What percentage of PM Jan Dhan Yojana accounts were reported as inoperative as of July 31, 2025?
A) 18%
B) 20%
C) 23%
D) 25%
E) 27%
Answer: C) 23%

Event and Location:

• Event: 23% of PM Jan Dhan Yojana accounts reported as inoperative
• Location: Pan-India (with state-wise data including Uttar Pradesh, Bihar, and Madhya Pradesh)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates: The Ministry of Finance reported that 13.04 crore out of 56.04 crore PMJDY accounts are inoperative, with highest such numbers from Uttar Pradesh, Bihar, and Madhya Pradesh. A Gram Panchayat level Saturation Campaign was launched to revive inactive accounts through Re-KYC.
• Objectives: The initiatives aim to activate dormant Jan Dhan accounts, improve financial inclusion, maintain account operability, and support the broader goal of direct benefit transfers even to inactive accounts.

Important Terms Explained:

• Pradhan Mantri Jan Dhan Yojana (PMJDY): A national mission launched in 2014 to provide universal access to banking facilities, financial literacy, credit, insurance, and pension to the unbanked population.
• Inoperative Account: As per RBI guidelines dated February 18, 2009, a savings account becomes inoperative if there is no customer-initiated transaction for over two years.
• Saturation Campaign: A national drive launched from July 1 to September 30, 2025, at Gram Panchayat level with a key focus on Re-KYC of inactive PMJDY accounts to improve usage and benefits delivery.
• Unified Payments Interface (UPI): A real-time payment system enabling instant fund transfer. The government has confirmed that no transaction charges will be imposed on UPI currently.
• Public Sector Banks (PSBs): Government-owned banks that raised ₹1.53 lakh crore in capital via equity and Basel III compliant bonds over FY 2022–2025 to meet capital adequacy and credit growth.

Tabular Summary:

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12. What is the total job creation target of the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) over two years?
A) 1 crore
B) 2.5 crore
C) 3.5 crore
D) 5 crore
E) 10 crore
Answer: C) 3.5 crore

Event and Location:

• Event: Launch of the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) portal
• Location: New Delhi, India (Nationwide scheme)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates: The Ministry of Labour and Employment launched the PMVBRY online portal to facilitate registrations for a ₹1 lakh crore employment-linked incentive scheme, effective from August 1, 2025, to July 31, 2027.
• Objectives: The scheme aims to create 3.5 crore jobs, especially in the manufacturing sector, by providing financial incentives to both newly employed youth and employers, thus supporting workforce expansion and formal employment growth.

Important Terms Explained:

• Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY): A Central Sector Scheme launched by the Union Labour Ministry to generate employment through incentives for first-time employees and their employers, with specific slabs for monthly salaries.
• Direct Benefit Transfer (DBT): A government mechanism for delivering subsidies and incentives directly to beneficiaries’ accounts to ensure transparency and prevent leakage.
• Universal Account Number (UAN): A unique identifier for EPFO members that helps track employment history; under PMVBRY, it must be generated using Face Authentication Technology (FAT) via the UMANG App.
• Face Authentication Technology (FAT): A biometric method integrated with the UMANG App that enables seamless identity verification for registration.

Tabular Summary:

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13. Which of the following schemes provides financial support for performing arts, including traditional, folk, and tribal arts in India?
A) SPIC MACAY Mission
B) Ek Bharat Shreshtha Bharat
C) Kala Sanskriti Vikas Yojana
D) National Cultural Heritage Scheme
E) Bharat Kala Yatra
Answer: C) Kala Sanskriti Vikas Yojana

Event and Location:

• Event: Implementation update and fund utilization under Kala Sanskriti Vikas Yojana
• Location: Pan-India (including Uttar Pradesh and Madhya Pradesh)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates:
  • The Ministry of Culture is implementing the Kala Sanskriti Vikas Yojana (KSVY) to support eligible cultural organizations and individual artists working in the field of performing arts, including traditional, folk, and tribal arts.
• Objectives:
  • To promote and preserve India’s diverse cultural heritage by extending financial assistance to artists and institutions, ensuring cultural reach, livelihood generation, and proper utilization of resources across states.

Important Terms Explained:

• Kala Sanskriti Vikas Yojana (KSVY):
  • A flagship scheme of the Ministry of Culture to provide financial assistance to cultural institutions and individual artists for preserving and promoting performing arts like music, dance, drama, folk, and tribal traditions.
• General Financial Rules (GFR) 2017:
  • A set of rules issued by the Ministry of Finance for regulating government expenditure and ensuring accountability in fund utilization, including submission of utilization certificates and inspection.
• Output–Outcome Monitoring Framework:
  • An evaluation mechanism initiated by NITI Aayog and the Department of Expenditure to assess the impact of government schemes based on their tangible outcomes and objectives achieved.

Tabular Summary:

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14. What is the total financial outlay for the Pradhan Mantri Viksit Bharat Rozgar Yojana launched in 2025?
A) ₹55,000 crore
B) ₹75,846 crore
C) ₹1,00,000 crore
D) ₹99,446 crore
E) ₹88,000 crore
Answer: D) ₹99,446 crore

Event and Location:

• Event: Launch of the Pradhan Mantri Viksit Bharat Rozgar Yojana Portal
• Location: India (Nationwide)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates:
  • Launch of a national portal to facilitate registration for the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), enabling employers and employees to access employment-linked benefits.
• Objectives:
  • To incentivize job creation, formalize employment, expand social security, and promote skill development, particularly for first-time employees and employers in manufacturing and other sectors.

Important Terms Explained:

• Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY):
  • A central government employment-linked incentive scheme with an outlay of ₹99,446 crore to create over 3.5 crore jobs between August 2025 and July 2027.
• Direct Benefit Transfer (DBT):
  • Mechanism by which monetary benefits (up to ₹15,000 per employee) are transferred directly to beneficiaries using Aadhaar Bridge Payment System (ABPS).
• Universal Account Number (UAN):
  • A 12-digit unique identification number for EPF members to access and manage provident fund accounts; first-timers must generate it via Face Authentication Technology (FAT) on the UMANG App.

Tabular Summary:

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15. What is the total number of MSMEs registered under Udyam and Udyam Assist Platform as of 31 July 2025?
A) 5.5 crore
B) 7.1 crore
C) 6.63 crore
D) 4.9 crore
E) 6.1 crore
Answer: C) 6.63 crore

Event and Location:

• Event: MSME Ministry updates on various schemes for MSME development
• Location: India
• Date: 18 August 2025

Mandates and Objectives:

• Mandates:
  • Implementation of schemes including Udyam Registration, Udyam Assist Platform, Credit Guarantee Scheme, and PM Vishwakarma Yojana to formalize, finance, and support MSMEs.
• Objectives:
  • To promote ease of doing business, increase access to finance, formalize informal enterprises, support traditional artisans, and facilitate job creation across the MSME sector.

Important Terms Explained:

• Udyam Registration:
  • Online registration system for MSMEs introduced on 1 July 2020 to formalize and promote ease of business compliance.
• Udyam Assist Platform (UAP):
  • Platform launched to bring Informal Micro Enterprises (IMEs) under formal recognition to avail Priority Sector Lending (PSL) benefits.
• Credit Guarantee Scheme:
  • Revamped scheme with ₹9,000 crore infusion enabling ₹2 lakh crore credit support to Micro and Small Enterprises (MSEs), now offering collateral-free loans up to ₹10 crore with 90% guarantee.
• PM Vishwakarma Scheme:
  • Launched on 17 September 2023 to support traditional artisans across 18 trades with holistic benefits including training, toolkit, and credit support.
• Self-Reliant India (SRI) Fund:
  • Equity infusion fund of ₹50,000 crore aimed at supporting viable MSMEs with potential to scale into larger enterprises.
• TReDS (Trade Receivables Discounting System):
  • Digital platform facilitating quick financing of MSME receivables from corporate and public buyers through multiple financiers.
• PMEGP (Prime Minister’s Employment Generation Programme):
  • Flagship program offering financial assistance to MSMEs, with enhanced project cost limits for both manufacturing and service sectors.

Tabular Summary:

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16. What is the maximum monthly stipend support provided by the government under the National Apprenticeship Promotion Scheme (NAPS-2)?
A) ₹1,000
B) ₹1,200
C) ₹1,500
D) ₹2,000
E) ₹2,500
Answer: C) ₹1,500

Event and Location:

• Event: Status update and reforms under National Apprenticeship Promotion Scheme (NAPS-2)
• Location: Nationwide (India)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates:
  • NAPS-2 continues to provide direct stipend support to apprentices, improve training standards, and incentivize employers to offer apprenticeship opportunities.
• Objectives:
  • Bridge India’s skill gap, enhance employability, ensure inclusive participation in vocational skilling, and expand apprenticeship in emerging sectors like IT, biotech, and renewable energy.

Important Terms Explained:

• NAPS (National Apprenticeship Promotion Scheme):
  • A government scheme launched in 2016 to promote apprenticeship training by providing partial stipend support and ease of access through a digital portal.
• Direct Benefit Transfer (DBT):
  • A mechanism where financial assistance is transferred directly to beneficiaries’ bank accounts to reduce delays and leakages.
• Central Apprenticeship Council (CAC):
  • A statutory body under the Apprentices Act, 1961, responsible for policy direction and strategic reforms in the apprenticeship ecosystem.
• Pradhan Mantri National Apprenticeship Mela (PMNAM):
  • A monthly event organized since June 2022 to connect aspiring apprentices with employers in various districts.

Tabular Summary:

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National Affairs – Daily Current Affairs August 18

17. What key reform does the Jan Vishwas Amendment Bill, 2025 propose for first-time offenders?
A) Immediate imprisonment
B) Lifetime ban on business operations
C) Issuing an improvement notice
D) Confiscation of personal assets
E) Imposing interest-based penalties
Answer: C) Issuing an improvement notice

Event and Location:

• Event: Introduction of the Jan Vishwas (Amendment of Provisions) Bill, 2025 in Lok Sabha
• Location: New Delhi, India (Lok Sabha, Parliament)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates: The Jan Vishwas Amendment Bill, 2025, introduced by Union Minister Piyush Goyal, proposes to amend various laws to further decriminalise and rationalise minor offences, and was sent to a Select Committee for further deliberation.
• Objectives: The bill seeks to enhance trust-based governance, improve the ease of living and doing business, and modernise legal frameworks by removing outdated or excessive penal provisions, including a new improvement notice system for first-time offenders.

Important Terms Explained:

• Jan Vishwas (Amendment of Provisions) Bill, 2025: A follow-up to the Jan Vishwas Act, 2023, aiming to decriminalise over 100 additional legal provisions, promote ease of doing business, and reform outdated laws across multiple central legislations.
• Improvement Notice: A proposed legal mechanism to warn first-time offenders instead of immediately penalising them, aimed at fostering compliance over punishment.
• Select Committee: A small legislative group appointed to examine the provisions of a bill in detail before it is returned to the house with recommendations.
• Jan Vishwas Act, 2023: Enacted on August 11, 2023, this law had decriminalised 183 provisions across 42 laws, targeting minor economic offences and regulatory hurdles.

Tabular Summary:

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18. Who inaugurated the new circuit bench of the Bombay High Court at Kolhapur in August 2025?
A) Justice Mohit Shah
B) Justice Alok Aradhe
C) CJI BR Gavai
D) Devendra Fadnavis
E) Justice Ranjit More
Answer: C) CJI BR Gavai

Event and Location:

• Event: Inauguration of circuit bench of Bombay High Court at Kolhapur
• Location: Kolhapur, Maharashtra
• Date: 18 August 2025

Mandates and Objectives:

• Mandates: CJI BR Gavai inaugurated the circuit bench of the Bombay High Court at Kolhapur, which will cater to six surrounding districts and commence its judicial functioning from August 18, 2025.
• Objectives: The bench aims to decentralize justice delivery, reduce litigation costs for common citizens from remote districts, and improve access to judicial remedies in Western Maharashtra, especially for economically weaker sections.

Important Terms Explained:

• Circuit Bench: A temporary or traveling branch of a higher court established in a location outside the principal seat of the court to increase access to justice in remote areas.
• Bombay High Court: One of the oldest High Courts in India with its principal seat in Mumbai and existing benches in Aurangabad, Nagpur, and now Kolhapur (as a circuit bench).
• Justice BR Gavai: The Chief Justice of India (CJI) who has been closely involved in the creation of the Kolhapur bench, citing it as a personal mission aligned with delivering social and economic justice.
• Aurangabad Bench Reference: CJI Gavai compared the skepticism faced by the Aurangabad bench during its inception to the Kolhapur bench, reinforcing confidence that the new bench would emerge as equally competent and valuable.

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19. Till what date will the Ministry of Textiles accept fresh applications for the PLI scheme in 2025?
A) August 15
B) August 31
C) September 1
D) September 15
E) October 1
Answer: B) August 31

Event and Location:

• Event: Reopening of portal for fresh PLI scheme applications in the textile sector
• Location: India (Nationwide coverage through online portal)
• Date: 18 August 2025 (Portal open till 31 August 2025)

Mandates and Objectives:

• Mandates: The Ministry of Textiles has reopened the PLI scheme portal for fresh applications covering Man-Made Fibre (MMF) apparels, fabrics, and technical textiles. Applications can be submitted until August 31, 2025.
• Objectives: The move aims to attract large-scale investments, promote innovation and sustainability, and boost India’s global competitiveness by offering incentives tied to fresh investments and incremental turnover in the technical and MMF textile sectors.

Important Terms Explained:

• PLI Scheme (Production Linked Incentive): A government initiative offering financial incentives to eligible companies based on incremental sales and new investments, aimed at promoting domestic manufacturing and reducing import dependency.
• Man-Made Fibre (MMF): Synthetic fibers like polyester, nylon, and acrylic used as raw materials in textiles, targeted under the PLI scheme to shift India’s reliance away from cotton-dominated production.
• Technical Textiles: High-performance fabrics used in sectors like healthcare, defense, construction, and agriculture, designed for functional rather than aesthetic purposes.
• MATEXIL (Manmade Fibre & Technical Textiles Export Promotion Council): An industry body promoting exports and investments in MMF and technical textile segments, under the Ministry of Textiles.

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20. Which institution hosted the 30th National Seminar on Paediatric Health through Ayurveda in August 2025?
A) All India Institute of Ayurveda
B) Ministry of Health and Family Welfare
C) Rashtriya Ayurveda Vidyapeeth
D) Central Council for Research in Ayurvedic Sciences
E) AIIMS New Delhi
Answer: C) Rashtriya Ayurveda Vidyapeeth

Event and Location:

• Event: 30th National Seminar on “Management of Illness & Wellness in Paediatrics through Ayurveda”
• Location: Scope Complex Auditorium, Lodhi Road, New Delhi
• Date: 18 August 2025 (2-day event)

Mandates and Objectives:

• Mandates: Rashtriya Ayurveda Vidyapeeth (RAV), under the Ministry of Ayush, organized its 30th National Seminar focusing on paediatric healthcare through Ayurveda, highlighting the application of Kaumarbhritya for managing illness and promoting wellness in children.
• Objectives: The event aimed to promote holistic and evidence-based child healthcare, strengthen preventive and promotive care, and integrate traditional wisdom with modern scientific validation, in line with the “Swasth Balak, Swasth Bharat” vision.

Important Terms Explained:

• Rashtriya Ayurveda Vidyapeeth (RAV): An autonomous institution under the Ministry of Ayush, focused on traditional knowledge promotion and research in Ayurveda. It plays a pivotal role in education, mentorship, and dissemination of Ayurvedic practices.
• Kaumarbhritya: One of the eight branches of Ayurveda dedicated to paediatric care, dealing with physical, mental, and emotional well-being of children from conception through adolescence.
• Ministry of Ayush: The Government of India’s ministry focused on the development, education, and promotion of Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homoeopathy (AYUSH) systems of medicine.
• Swasth Balak, Swasth Bharat: A government vision promoting child health as the foundation of national well-being and economic strength.

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21. What is the key objective of the government’s newly launched 100 Days Agenda of Transformation?
A) Boosting rural employment schemes
B) Fast-tracking India’s journey to becoming a developed nation by 2047
C) Creating 5G infrastructure across India
D) Privatization of state-owned enterprises
E) Doubling agricultural exports by 2030
Answer: B) Fast-tracking India’s journey to becoming a developed nation by 2047

Event and Location:

• Event: Launch of the 100 Days Agenda of Transformation to accelerate India’s development goals
• Location: 2nd Lokmat Global Economic Convention, New Delhi
• Date: 18 August 2025

Mandates and Objectives:

• Mandates: Union Minister Piyush Goyal announced the government’s 100-day focused plan following PM Modi’s Independence Day address, aimed at achieving milestones toward Viksit Bharat (Developed India) by 2047, grounded in the Panch Prans (Five Pledges).
• Objectives:
  • To mobilize the collective efforts of 140 crore Indians in transforming governance, erasing colonial mindsets, and promoting unity and cultural pride.
  • To drive reforms in ease of doing business, remove regulatory burdens, and increase global competitiveness.
  • To implement PM’s vision for Atmanirbhar Bharat and make India a top investment destination and consumer market.

Important Terms Explained:

• 100 Days Agenda of Transformation: A short-term, high-impact governmental initiative to implement fast-paced reforms and programs aligned with India’s long-term goal of becoming a developed nation by 2047.
• Panch Prans (Five Pledges): Introduced by PM Narendra Modi, these include goals like removing colonial mindsets, taking pride in India’s heritage, and ensuring unity and integrity to reach Viksit Bharat.
• Atmanirbhar Bharat: A flagship initiative launched in 2020 to make India self-reliant, focusing on boosting domestic production, reducing import dependency, and strengthening supply chains.
• Free Trade Agreements (FTAs): India has concluded balanced trade pacts with countries like UAE, Mauritius, EFTA group (Switzerland, Norway, Liechtenstein, Iceland), and the UK, benefitting MSMEs, farmers, and manufacturers.

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22. What is the key objective of the Jan Vishwas (Amendment of Provisions) Bill, 2025 introduced in the Lok Sabha?
A) To increase penalties on corporate fraud
B) To provide free legal aid to first-time offenders
C) To decriminalise minor offences and promote Ease of Doing Business
D) To regulate digital currencies under RBI oversight
E) To amend the Constitution for uniform civil code
Answer: C) To decriminalise minor offences and promote Ease of Doing Business

Event and Location:

• Event: Introduction of the Jan Vishwas (Amendment of Provisions) Bill, 2025
• Location: Lok Sabha, New Delhi
• Date: 18 August 2025

Mandates and Objectives:

• Mandates:
  • Introduction of the Jan Vishwas (Amendment of Provisions) Bill, 2025 by Union Minister Piyush Goyal in the Lok Sabha.
  • The Bill proposes amendments to 355 provisions across 16 Central Acts administered by 10 Ministries/Departments.
  • Request made to refer the Bill to a Select Committee for review.
• Objectives:
  • To decriminalise 288 provisions and replace jail terms with monetary penalties or advisory notices.
  • To improve Ease of Doing Business and Ease of Living through rationalisation of penalties.
  • To reduce the burden on courts via administrative adjudication mechanisms.
  • To support the principle of “Minimum Government, Maximum Governance” for sustainable economic growth.

Important Terms Explained:

• Jan Vishwas (Amendment of Provisions) Bill, 2025:
  • A continuation of regulatory reforms aimed at decriminalising minor offences across central laws to improve governance and reduce legal burdens on businesses and individuals.
• Ease of Doing Business:
  • A government initiative to simplify regulatory compliance, improve business climate, and attract investments by reducing legal and procedural obstacles.
• Decriminalisation:
  • The process of removing criminal penalties (e.g., imprisonment) for minor, procedural, or technical defaults, and replacing them with warnings or monetary fines.
• Administrative Adjudication:
  • A system that enables designated officers to impose penalties without court intervention, reducing legal delays and easing the judicial burden.

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23. What is the main objective of the financial assistance provided by the Raja Rammohun Roy Library Foundation?
A) Promote foreign publications in India
B) Construct private university libraries
C) Develop and modernize public libraries
D) Train librarians for overseas roles
E) Encourage mobile library vans in metros
Answer: C) Develop and modernize public libraries

Event and Location:

• Event: Status report on financial assistance under RRRLF schemes
• Location: Pan-India (via coordination with State/UT Library Authorities)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates: The Ministry of Culture, through the Raja Rammohun Roy Library Foundation (RRRLF), provides financial assistance to public libraries under Matching and Non-Matching Schemes across India.
• Objectives: To support the modernization, resource enrichment, inclusive infrastructure, and technological upgradation of public libraries and promote equitable access to knowledge.

Important Terms Explained:

• Raja Rammohun Roy Library Foundation (RRRLF): An autonomous organization under the Ministry of Culture providing financial assistance for library development and modernization.
• Matching and Non-Matching Schemes: Financial assistance models where some schemes require cost-sharing with states (Matching) and others are fully funded by RRRLF (Non-Matching), usually for weaker regions or targeted development.
• Divyangjan Facilities: Inclusive infrastructure components like ramps, accessible furniture, and assistive devices to ensure that persons with disabilities can access and benefit from library services.

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24. Which of the following stages under ODF Plus defines a village that is visually clean and meets all sanitation criteria?
A) ODF Plus Aspiring
B) ODF Plus Initial
C) ODF Plus Rising
D) ODF Plus Model
E) ODF Plus Declared
Answer: D) ODF Plus Model

Event and Location:

• Event: Declaration and verification process for ODF Plus Villages under SBM(G)
• Location: All villages across India
• Date: 18 August 2025

Mandates and Objectives:

• Mandates:
  • Villages are to declare themselves ODF Plus through a Gram Sabha resolution after meeting the required sanitation and cleanliness standards. The Ministry of Jal Shakti mandates third-party verification for ODF Plus (Model) villages.
• Objectives:
  • To transition from Open Defecation Free (ODF) status to ODF Plus by ensuring sustainable sanitation, waste management, and visual cleanliness in villages under Swachh Bharat Mission (Grameen) Phase II.

Important Terms Explained:

• ODF Plus Village:
  • A village that sustains its ODF status and implements Solid and Liquid Waste Management (SLWM) with visual cleanliness.
• Swachh Bharat Mission (Grameen) [SBM(G)] Phase II:
  • A nationwide sanitation initiative launched for 2020–2026 to ensure sustainability of ODF status and implement waste management infrastructure in rural areas.
• Individual Household Latrines (IHHLs):
  • Toilets constructed for individual households under SBM(G), prioritized as the first charge on SBM(G) funds due to emerging sanitation needs of new or migrant households.

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25. What is the primary purpose of the Udyam Sakhi Portal launched by the Ministry of MSME?
A) Promote rural banking
B) Train male artisans
C) Support women entrepreneurs
D) Provide GST compliance tools
E) Fund infrastructure projects
Answer: C) Support women entrepreneurs

Event and Location:

• Event: Udyam Sakhi Portal empowers women entrepreneurs
• Location: India (Nationwide coverage)
• Date: 18 August 2025

Mandates and Objectives:

• Mandates:
  • Launch and maintenance of the Udyam Sakhi Portal to assist women entrepreneurs with information, schemes, and support networks.
• Objectives:
  • To help women entrepreneurs start, grow and sustain businesses by providing access to schemes, financial tools, training resources, and networks for self-reliance.

Important Terms Explained:

• Udyam Sakhi Portal:
  • A dedicated online platform launched by the Ministry of MSME to assist women entrepreneurs with business guidance, access to schemes, financial programs, and institutional support.
• PMEGP (Prime Minister’s Employment Generation Programme):
  • A flagship scheme providing financial assistance to set up micro-enterprises in the non-farm sector.
• CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises):
  • A scheme offering collateral-free loans with credit guarantee coverage to micro and small enterprises.
• MUDRA (Micro Units Development and Refinance Agency):
  • A financial initiative under Pradhan Mantri MUDRA Yojana (PMMY) providing credit to micro enterprises under three categories: Shishu, Kishor, and Tarun.
• TReDS (Trade Receivables Discounting System):
  • A digital platform to finance receivables of MSMEs through invoice discounting by multiple financiers.

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26. What is the main objective of the NAVYA initiative launched in June 2025?
A) Promote sanitation in rural schools
B) Provide vocational training to adolescent girls
C) Encourage rural electrification
D) Support midday meal schemes
E) Offer scholarships for higher education
Answer: B) Provide vocational training to adolescent girls

Event and Location:

• Event: Launch of NAVYA vocational training program for adolescent girls
• Location: 27 districts across 19 Indian states
• Date: June 2025

Mandates and Objectives:

• Mandates:
  • Launch of NAVYA initiative to empower adolescent girls aged 16–18 years through vocational training under PMKVY 4.0.
• Objectives:
  • Equip adolescent girls with job-ready skills in traditional and emerging sectors, ensure holistic development, enhance employability and self-reliance, and promote gender-inclusive skilling across aspirational districts.

Important Terms Explained:

• NAVYA:
  • Nurturing Aspirations through Vocational training for Young Adolescent Girls, a joint initiative by MSDE and MWCD, aiming to skill young girls for socio-economic independence.
• PMKVY 4.0 (Pradhan Mantri Kaushal Vikas Yojana 4.0):
  • Flagship scheme under MSDE focused on providing skill certification and training in alignment with modern industry needs.
• Aspirational Districts:
  • Underdeveloped districts identified by NITI Aayog for focused development across key sectors like health, education, agriculture, and infrastructure.

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27. Which two ministries jointly organized the 2025 International Certificate Program on “Heritage and Indigenous Textiles”?
A) Ministry of Textiles and Ministry of Tourism
B) Ministry of Textiles and Ministry of Culture
C) Ministry of External Affairs and Ministry of Textiles
D) Ministry of MSME and Ministry of External Affairs
E) Ministry of Skill Development and Ministry of Culture
Answer: C) Ministry of External Affairs and Ministry of Textiles

Event and Location:

• Event: Launch of International Certificate Program on Heritage and Indigenous Textiles
• Location: Indian Institute of Handloom Technology (IIHT), Varanasi
• Date: 18 August 2025

Mandates and Objectives:

• Mandates:
  • A two-week international training programme hosted by IIHT Varanasi was organized for 26 participants from 16 countries under the ITEC initiative.
• Objectives:
  • To promote global awareness of India’s textile heritage, build capacity among international textile professionals, and highlight sustainability in handloom practices.

Important Terms Explained:

• Indian Technical and Economic Cooperation Programme (ITEC):
  • A flagship diplomatic programme by the Ministry of External Affairs for capacity-building and international cooperation launched in 1964.
• Indian Institute of Handloom Technology (IIHT), Varanasi:
  • Established in 1956, this institute trains technical personnel in the handloom sector and promotes modern developments in the field.
• Carbon Credit Study of IIT Delhi:
  • A research initiative validating the eco-friendly and sustainable nature of Indian handloom products based on carbon emission studies.
• Development Commissioner (Handlooms):
  • A nodal office under the Ministry of Textiles responsible for the promotion and development of the handloom sector in India.

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