Daily Current Affairs August 19

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 19. 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.

TO PURCHASE OUR BANKING AWARENESS (2021 Edition) – CLICK HERE

August 19 | Daily Current Affairs 2024

Banking and Finance – Daily Current Affairs August 19

1. Which bank has received RBI approval to set up a wholly-owned subsidiary for the asset management business?
A) HDFC Bank
B) State Bank of India
C) ICICI Bank
D) IndusInd Bank
E) Axis Bank
Answer: D) IndusInd Bank

Event and Location:

• Event: IndusInd Bank received approval from the Reserve Bank of India (RBI) to launch an asset management company (AMC) for mutual funds.
• Location: India

Mandates and Objectives:

• Objective: IndusInd Bank aims to establish a wholly-owned subsidiary for its asset management business, focusing on mutual funds.
• Mandate: The RBI has also permitted the bank to infuse equity capital into this new subsidiary.

Important Terms Explained:

• RBI (Reserve Bank of India): The central banking institution of India, which regulates the monetary policy and the financial stability of the country.
• Asset Management Company (AMC): A company that invests pooled funds from clients into a variety of securities and assets, often managing mutual funds, pension plans, and insurance.

Static GK Information:

Tabular Summary:

---

Appointments – Daily Current Affairs August 19

2. Who has been appointed as the new Chief Secretary of Tamil Nadu?
A) Shiv Das Meena
B) M. K. Stalin
C) N. Muruganandam
D) P. T. R. Palanivel Thiaga Rajan
E) G. K. Vasan
Answer: C) N. Muruganandam

Event and Location:

• Event: Appointment of a new Chief Secretary for Tamil Nadu.
• Location: Tamil Nadu, India.

Mandates and Objectives:

• Objective: N. Muruganandam is appointed to lead the Tamil Nadu administration as Chief Secretary.
• Mandate: He replaces Shiv Das Meena, who will retire and take over as the Chairperson of the Tamil Nadu Real Estate Regulatory Authority.

Important Terms Explained:

• Chief Secretary: The top bureaucratic position in a state, responsible for the overall administration and functioning of the state government.
• Tamil Nadu Real Estate Regulatory Authority (TNRERA): A statutory body established to regulate and promote the real estate sector in Tamil Nadu.

Static GK Information:

Tabular Summary:

---

3. Who has recently taken over as the Director General of the Employees’ State Insurance Corporation (ESIC)?
A) Sumant Kathpalia
B) Shiv Das Meena
C) Ashok Kumar Singh
D) N. Muruganandam
E) Debasish Panda
Answer: C) Ashok Kumar Singh

Event and Location:

• Event: Appointment of Shri Ashok Kumar Singh as the Director General of ESIC.
• Location: New Delhi, India

Mandates and Objectives:

• Objective: Shri Ashok Kumar Singh assumes the role of Director General to oversee the operations and administration of the Employees’ State Insurance Corporation (ESIC).
• Mandate: He brings extensive experience from various central and state-level positions to lead ESIC under the Ministry of Labour & Employment.

Important Terms Explained:

• Employees’ State Insurance Corporation (ESIC): A social security organization that provides medical care and cash benefits to employees and their families under the Ministry of Labour & Employment.
• Director General: The highest executive position in ESIC responsible for the organization’s overall functioning and management.

Static GK Information:

Tabular Summary:

---

 

International Affairs – Daily Current Affairs August 19

4. What has revived the demand for learning Mandarin in India?
A) Increased trade with China
B) Expanding cultural exchanges
C) Growing Indian business investments in Taiwan
D) Deepening business ties between India and Taiwan
E) Government initiatives to promote foreign languages
Answer: D) Deepening business ties between India and Taiwan

Event and Location:

• Event: Revival of demand for learning Mandarin and Chinese culture.
• Location: India, particularly in Tamil Nadu.

Mandates and Objectives:

• Objective: To develop a talent pool skilled in Mandarin language and Chinese culture to support business operations.
• Mandate: Driven by Taiwan’s increased business presence in India, especially in Tamil Nadu.

Important Terms Explained:

• Mandarin: The primary language of communication in China and Taiwan, essential for business dealings.
• Taiwanese Companies in Tamil Nadu: 26 Taiwanese companies have established a presence in Tamil Nadu, necessitating Mandarin proficiency among the workforce.

Static GK Information:

Tabular Summary:

---

5. Who will be hosting the Japanese counterparts for the 3rd India-Japan 2+2 Ministerial Dialogue in New Delhi?
A) Shri Nitin Gadkari
B) Shri Amit Shah
C) Shri Rajnath Singh & Dr. S. Jaishankar
D) Shri Narendra Modi
E) Shri Piyush Goyal
Answer: C) Shri Rajnath Singh & Dr. S. Jaishankar

Event and Location:

• Event: Hosting of the 3rd India-Japan 2+2 Ministerial Dialogue.
• Location: New Delhi, India

Mandates and Objectives:

• Objective: The dialogue aims to deepen defence cooperation and enhance the Special Strategic and Global Partnership between India and Japan. The ministers will discuss bilateral cooperation and global issues of mutual interest.
• Mandate: The interactions will focus on strengthening defence ties, promoting a free and open Indo-Pacific, and exploring new initiatives for collaboration.

Important Terms Explained:

• 2+2 Ministerial Dialogue: A format involving joint discussions between the Defence and Foreign Ministers of two countries, aimed at enhancing security and diplomatic relations.
• Special Strategic and Global Partnership: A framework of deep cooperation between India and Japan based on shared values like democracy, freedom, and rule of law.

Static GK Information:

Tabular Summary:

---

National Affairs – Daily Current Affairs August 19

6. Who inaugurated the ‘First Policy Makers’ Forum’ in New Delhi?
A) Shri Nitin Gadkari
B) Shri Rajnath Singh
C) Shri Piyush Goyal
D) Shri J.P. Nadda
E) Shri Amit Shah
Answer: D) Shri J.P. Nadda

Event and Location:

• Event: Inauguration of the ‘First Policy Makers’ Forum’.
• Location: New Delhi, India

Mandates and Objectives:

• Objective: The forum aims to elevate India’s position in the global pharmaceutical sector and promote the Indian Pharmacopoeia (IP) globally. It also focused on expanding the Janaushadhi Scheme and launching new digital platforms for drug safety monitoring.
• Mandate: The forum included discussions on the safety, efficacy, and quality of medical products, with participation from international delegates from 15 countries.

Important Terms Explained:

• Indian Pharmacopoeia (IP): A book of standards for drugs, their identity, purity, and strength, ensuring quality in pharmaceutical products.
• Janaushadhi Scheme (PMBJP): A government initiative aimed at providing affordable generic medicines to the public through Jan Aushadhi Kendras.
• Digital Platforms: Launch of the Indian Pharmacopoeia Online Portal and Adverse Drug Reaction Monitoring System (ADRMS) software to strengthen drug safety monitoring.

Static GK Information:

Tabular Summary:

---

---

Over All Review

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs August 17 & 18