Daily Current Affairs August 29

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 29. 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 29 | Daily Current Affairs 2024

Important Days – Daily Current Affairs August 29

1. When was the International Day against Nuclear Tests officially declared by the United Nations General Assembly?
A) 29 August 1991
B) 2 December 2009
C) 24 May 2018
D) 10 September 1996
E) 26 September 2014
Answer: B) 2 December 2009

Event and Location:

  • Event: International Day against Nuclear Tests
  • Date: 29 August
  • Declared: 2 December 2009 by the United Nations General Assembly through Resolution 64/35
  • Location: Adopted during the 64th session of the UN General Assembly.

Mandates and Objectives:

  • Objective: To raise awareness about the harmful effects of nuclear testing and the need for their cessation.
  • Initiation: Established to commemorate the closure of the Semipalatinsk Nuclear Test site on 29 August 1991.
  • Activities: The day is observed with global symposia, conferences, and other initiatives promoting nuclear disarmament.

Important Terms Explained:

  • Comprehensive Nuclear-Test-Ban Treaty (CTBT):
    • Established: 1996
    • Objective: To ban all nuclear explosions. The treaty has yet to enter into force.
  • Semipalatinsk Nuclear Test Site:
    • Location: Kazakhstan
    • Closure: 29 August 1991
    • Significance: Marked a critical step toward nuclear disarmament.

Static GK Information:

Titbits

United Nations General Assembly:

  • Founded Year: 1945
  • Headquarters: New York, United States
  • Current President: Dennis Francis

Tabular Summary:

Detail Description
Event International Day against Nuclear Tests
Date 29 August
Declared 2 December 2009
Resolution Number 64/35
Initiator Republic of Kazakhstan
Commemoration of Closure of Semipalatinsk Nuclear Test Site on 29 August 1991
Objective Raise awareness on the harmful effects of nuclear tests
Significant Treaty Mentioned Comprehensive Nuclear-Test-Ban Treaty (CTBT)
First Observance 29 August 2010

2. When was National Sports Day first celebrated in India?
A) 2010
B) 2012
C) 2014
D) 2016
E) 2018
Answer: B) 2012

Event and Location:

  • Event: National Sports Day
  • Date: 29 August
  • First Celebrated: 2012
  • Location: India

Mandates and Objectives:

  • Objective: To highlight the importance of sports and physical activities for overall health and well-being.
  • Significance: The day commemorates the birth anniversary of Major Dhyan Chand, an Indian hockey legend.
  • Awards Presented: On this day, the President of India presents prestigious sports awards such as the Arjuna Award, Dronacharya Award, and Major Dhyan Chand Khel Ratna Award to outstanding sportspersons and coaches.

Important Terms Explained:

  • Major Dhyan Chand:
    • Born: 29 August 1905 in Allahabad (now Prayagraj), Uttar Pradesh.
    • Achievements: Part of the Indian hockey team that won gold medals in the 1928, 1932, and 1936 Olympics. Scored over 400 goals in his career.
    • Legacy: Known as the “Hockey Wizard” and continued contributing to the sport as a coach after his retirement.
  • Khelo India Movement:
    • Launched: 2018 by Prime Minister Narendra Modi.
    • Objective: To revive the sports culture in India at the grassroots level by building a strong framework for all sports played in our country and establishing India as a great sporting nation.

Static GK Information:

Titbits

India:

  • Capital: New Delhi
  • Currency: Indian Rupee
  • President: Droupadi Murmu
  • Prime Minister: Narendra Modi

Tabular Summary:

Detail Description
Event National Sports Day
Date 29 August
First Celebrated 2012
Commemoration of Birth anniversary of Major Dhyan Chand
Awards Presented Arjuna Award, Dronacharya Award, Major Dhyan Chand Khel Ratna Award
Significant Initiative Khelo India Movement, launched in 2018
Legacy of Major Dhyan Chand Indian hockey legend with over 400 goals and 3 Olympic gold medals

Sports – Daily Current Affairs August 29

3. When did Dawid Malan first make his debut for England in international cricket?
A) 2015
B) 2016
C) 2017
D) 2018
E) 2019
Answer: C) 2017

Event and Location:

  • Event: Retirement of Dawid Malan from International Cricket
  • Date Announced: August 2024
  • Location: England

Mandates and Objectives:

  • Career Overview: Dawid Malan, a left-handed batter, announced his retirement from international cricket, ending a career that spanned across all three formats since his debut in 2017.
  • Career Stats:
    • Test Matches: 22
    • One-Day Internationals (ODIs): 30
    • T20 Internationals: 62
    • Runs Scored: 4,416 across all formats.
  • Achievements:
    • One of only two England cricketers to score centuries in all three formats (Tests, ODIs, T20s).
    • Reached the top of the ICC T20 international batting rankings.
    • Contributed significantly to England’s World Cup and T20 World Cup successes.
    • Scored 32 fifties and 8 centuries, with a standout Test innings of 140 against Australia in Perth (2017).

Important Terms Explained:

  • Centuries in All Formats:
    • Malan and Jos Buttler are the only two England players to have achieved centuries in Tests, ODIs, and T20s.
  • Ashes Series:
    • A prestigious cricket series played between England and Australia, in which Malan participated in two editions, showcasing his skill, particularly in the 2017 series.

Static GK Information:

Titbits

England:

  • Capital: London
  • Currency: Pound Sterling
  • Prime Minister: Rishi Sunak
  • Cricket Board: England and Wales Cricket Board (ECB)
  • Managing Director of England Men’s Cricket: Rob Key

Tabular Summary:

Detail Description
Event Dawid Malan announces retirement from international cricket
Date Announced August 2024
International Career Span 2017-2024
Total Runs Scored 4,416
Notable Achievements Centuries in all three formats; World Cup winner in 2022
Test Highlight Scored 140 against Australia in Perth, 2017
Total Matches Played 22 Tests, 30 ODIs, 62 T20Is

4. Who won the 2024 edition of the 11-round Swiss open chess tournament organized by the Haryana Chess Association?
A) GM Surya Sekhar Ganguly
B) IM Neelash Saha
C) GM Mitrabha Guha
D) GM Karthik Venkataraman
E) IM Aronyak Ghosh
Answer: D) GM Karthik Venkataraman

Event and Location:

  • Event: 59th Edition of the 11-Round Swiss Open Chess Tournament
  • Date: 17-27 August 2024
  • Location: RPS International School, Gurugram, Haryana, India

Mandates and Objectives:

  • Champion: GM Karthik Venkataraman won the tournament, remaining undefeated with 9/11 points.
  • Top Finishers:
    • 1st Place: GM Karthik Venkataraman
    • 2nd Place: GM Surya Sekhar Ganguly (finished second on tiebreaks)
    • 3rd Place: IM Neelash Saha
  • Notable Achievement: Karthik’s victory earned him a spot in the next World Cup.
    Tournament Overview:
  • Participants:
    • Total Players: 340
    • Grandmasters (GMs): 20
    • International Masters (IMs): 11
    • Women Grandmasters (WGMs): 2
  • Time Control: 90 minutes for 40 moves, plus 30 minutes for the rest of the game, with a 30-second increment per move from move 1.

Static GK Information:

Titbits

Chess in India:

  • Indian Chess Federation: All India Chess Federation (AICF)
  • Notable Indian Chess Players: Viswanathan Anand, Koneru Humpy, Dronavalli Harika
  • Major Chess Events: Tata Steel Chess India, National Chess Championship

Tabular Summary:

Detail Description
Event 59th Edition of the 11-Round Swiss Open Chess Tournament
Date 17-27 August 2024
Location RPS International School, Gurugram, Haryana
Champion GM Karthik Venkataraman
Top 3 Finishers GM Karthik Venkataraman (1st), GM Surya Sekhar Ganguly (2nd), IM Neelash Saha (3rd)
Participants 340 players including 20 GMs, 11 IMs, and 2 WGMs
Time Control 90 minutes for 40 moves + 30 minutes for the rest + 30 seconds increment from move 1

5. What is the main objective of the Retired Sportsperson Empowerment Training (RESET) Programme launched by Dr. Mansukh Mandaviya?
A) To train retired sportspersons in coaching
B) To provide financial support to retired athletes
C) To empower retired sportspersons with new skills and knowledge
D) To promote sports events for retired athletes
E) To encourage retired athletes to start businesses
Answer: C) To empower retired sportspersons with new skills and knowledge

Event and Location:

  • Event: Launch of Retired Sportsperson Empowerment Training (RESET) Programme
  • Date: August 29, 2024
  • Location: New Delhi, India

Mandates and Objectives:

  • Objective: The RESET Programme is designed to empower retired sportspersons by equipping them with new skills and knowledge to enhance their employability and support their career development journey.
  • Target Group: Retired athletes aged 20-50 years who have won international medals, participated in international events, or been national/state medallists/participants in recognized competitions.

Programme Details:

  • Implementation: Led by Lakshmibai National Institute of Physical Education (LNIPE) in a hybrid mode, which includes self-paced learning, on-ground training, and internships.
  • Educational Levels: Courses are offered at two levels based on educational qualifications:
    • Class 12th and above
    • Class 11th and below
  • Internships: Provided in sports organizations, competitions, training camps, and leagues, with placement assistance and guidance for entrepreneurial ventures upon course completion.

Significance:

  • Impact: The RESET Programme aims to bridge the gap between generations by leveraging the experience of retired athletes to benefit aspiring athletes, contributing to the growth of sports in India and fostering nation-building.

Static GK Information:

Titbits

Ministry of Youth Affairs and Sports:

  • Founded: 1982
  • Headquarters: New Delhi, India
  • Union Minister: Dr. Mansukh Mandaviya

India:

  • Capital: New Delhi
  • Currency: Indian Rupee
  • President: Droupadi Murmu
  • Prime Minister: Narendra Modi

Tabular Summary:

Detail Description
Event Launch of Retired Sportsperson Empowerment Training (RESET) Programme
Date August 29, 2024
Location New Delhi, India
Objective Empower retired sportspersons with new skills and knowledge
Eligibility Retired athletes aged 20-50 years with recognized sporting achievements
Lead Institute Lakshmibai National Institute of Physical Education (LNIPE)
Program Mode Hybrid (self-paced learning, on-ground training, and internships)

Obituary – Daily Current Affairs August29

6. Who was A.G. Noorani, who recently passed away at the age of 94?
A) A renowned musician
B) A celebrated politician
C) A noted author and lawyer
D) A famous scientist
E) A prominent businessman
Answer: C) A noted author and lawyer

Event and Location:

  • Event: Death of A.G. Noorani
  • Date: August 29, 2024
  • Location: Mumbai, India

Mandates and Objectives:

  • Personal Background: Abdul Ghafoor Majeed Noorani, known as A.G. Noorani, was a highly respected scholar, prolific writer, and legal luminary. He passed away at the age of 94 at his residence in Mumbai.
  • Legal Career: Noorani had an illustrious legal career that spanned the Supreme Court of India and the Bombay High Court. He was well-known for his expertise in constitutional matters.
  • Literary Contributions: Noorani authored several influential books, including:
    • “The Kashmir Dispute 1947-2012”
    • “Article 370: A Constitutional History of Jammu and Kashmir”
    • “The Destruction of Hyderabad”
    • Biographies of former President Dr. Zakir Husain and Badruddin Tyabji
  • Legacy and Impact: Noorani was a regular columnist in various national and regional newspapers and a respected voice on issues related to law, Indian Muslims, and Kashmir. His death was widely mourned by prominent figures across the country, including former Jammu and Kashmir Chief Minister Omar Abdullah, Hurriyat Conference chairman Mirwaiz Umar Farooq, and AIMIM President Asaduddin Owaisi.

Significance:

  • Expertise: Noorani’s extensive work on matters related to the Constitution, Kashmir, and Indian Muslims made him a prominent and respected figure in both legal and academic circles.
  • Tributes: His passing was marked by heartfelt tributes recognizing his contributions to law, scholarship, and political commentary.

Static GK Information:

Titbits

Government Law College, Mumbai:

  • Founded: 1855
  • Location: Mumbai, Maharashtra, India
  • Notable Alumni: Dr. B.R. Ambedkar, Mahatma Gandhi, P. Chidambaram

Bombay High Court:

  • Established: 1862
  • Jurisdiction: Maharashtra, Goa, Dadra and Nagar Haveli, Daman and Diu
  • Headquarters: Mumbai, Maharashtra, India

Tabular Summary:

Detail Description
Event Death of A.G. Noorani
Date August 29, 2024
Location Mumbai, India
Profession Author and Lawyer
Key Contributions Legal career at the Supreme Court and Bombay High Court, author of books on Kashmir, Article 370, and more
Notable Works “The Kashmir Dispute 1947-2012”, “Article 370: A Constitutional History of Jammu and Kashmir”, “The Destruction of Hyderabad”
Legacy Highly respected constitutional expert and prolific writer

Ranking – Daily Current Affairs August 29

7. Who topped the 2024 Hurun India Rich List?
A) Mukesh Ambani
B) Shah Rukh Khan
C) Shiv Nadar
D) Gautam Adani
E) Radha Vembu
Answer: D) Gautam Adani

Event and Location:

  • Event: 2024 Hurun India Rich List
  • Date: August 29, 2024
  • Location: India

Mandates and Objectives:

  • Top of the List: Gautam Adani and his family have topped the 2024 Hurun India Rich List, surpassing Mukesh Ambani, with a 95% increase in their wealth, reaching ₹11.6 lakh crore.
  • Notable Newcomers:
    • Bollywood star Shah Rukh Khan made his debut on the billionaire list with personal wealth touching ₹7,300 crore.
    • Kaivalya Vohra, at 21 years old, is the youngest on the list, while Hanwantbir Kaur Sahney, at 95, is the oldest debutant.

Static GK Information:

Titbits

Hurun Report:

  • Founded: 1999
  • Headquarters: Shanghai, China
  • Focus: Global wealth ranking, research, and luxury publishing

India:

  • Capital: New Delhi
  • Currency: Indian Rupee
  • Prime Minister: Narendra Modi

Tabular Summary:

Detail Description
Event 2024 Hurun India Rich List
Top Position Gautam Adani and family
Wealth of Top Person ₹11.6 lakh crore
Significant New Entrant Shah Rukh Khan with ₹7,300 crore
Number of Billionaires 334
Cumulative Wealth of List ₹159 lakh crore
Youngest Billionaire Harshil Mathur and Shashank Kumar at 33 years old
Oldest Debutant Hanwantbir Kaur Sahney, 95 years old

Banking and Finance – Daily Current Affairs August 29

8. What is the primary feature of the new device launched by Pine Labs in partnership with Visa?
A) It is a mobile banking app
B) It is a cryptocurrency wallet
C) It is a soundbox-enabled device for digital payments
D) It is a POS machine for cash transactions only
E) It is a credit card with NFC technology
Answer: C) It is a soundbox-enabled device for digital payments

Event and Location:

  • Event: Launch of Pine Labs Mini soundbox-enabled device
  • Date: August 29, 2024
  • Location: India

Mandates and Objectives:

  • Device Name: Pine Labs Mini
  • Primary Feature: The Pine Labs Mini is a soundbox-enabled device designed to facilitate digital payments through QR codes, NFC (Near Field Communication), and card payments at retail outlets.
  • Partnership: This device was launched as part of a collaboration between Pine Labs, a leading fintech company, and Visa, a global leader in digital payment services.

Significance:

  • Purpose: The partnership aims to scale up digital payments acceptance across India, providing merchants with a versatile and user-friendly payment solution.
  • Target Audience: The device is particularly aimed at retail outlets to make the payment process smoother, faster, and more convenient for customers.

Static GK Information:

Titbits

Pine Labs:

  • Founded: 1998
  • Headquarters: Noida, Uttar Pradesh, India
  • CEO: Amrish Rau

Visa:

  • Founded: 1958
  • Headquarters: Foster City, California, USA
  • CEO: Ryan McInerney

Tabular Summary:

Detail Description
Event Launch of Pine Labs Mini soundbox-enabled device
Date August 29, 2024
Location India
Device Feature Soundbox-enabled for QR, NFC, and card payments
Partnership Pine Labs and Visa
Objective Enhance digital payments acceptance across retail outlets in India

9. What is the primary feature of Mastercard’s newly launched Payment Passkey Service?
A) It uses traditional OTP-based authentication
B) It employs device-based biometric authentication
C) It is a mobile banking app
D) It is a cryptocurrency wallet
E) It provides physical payment cards
Answer: B) It employs device-based biometric authentication

Event and Location:

  • Event: Worldwide launch of Mastercard’s Payment Passkey Service
  • Date: August 29, 2024
  • Location: New Delhi, India

Mandates and Objectives:

  • Primary Feature: The Payment Passkey Service by Mastercard uses device-based biometric authentication methods, such as fingerprints or facial scans, to provide a more secure and seamless online shopping experience. This service eliminates the need for traditional OTP (One-Time Password) methods, simplifying transaction management.
  • Significance: The service was first launched in India, underscoring the country’s growing importance in the global digital payments landscape. By integrating biometric authentication, Mastercard aims to enhance security and convenience for online transactions.

Static GK Information:

Titbits

Mastercard:

  • Founded: 1966
  • Headquarters: Purchase, New York, USA
  • CEO: Michael Miebach

India:

  • Capital: New Delhi
  • Currency: Indian Rupee
  • Prime Minister: Narendra Modi

Tabular Summary:

Detail Description
Event Launch of Mastercard’s Payment Passkey Service
Date August 29, 2024
Location New Delhi, India
Primary Feature Device-based biometric authentication (fingerprints, facial scans)
Significance First launched in India, enhancing online transaction security

10. What is the primary objective of the scheme introduced by the RBI for trading and settlement of sovereign green bonds in the International Financial Services Centre (IFSC)?
A) To increase the interest rates on green bonds
B) To permit domestic investors to trade in green bonds
C) To allow foreign investors in IFSC to invest in sovereign green bonds
D) To restrict foreign investments in government securities
E) To issue new types of green bonds
Answer: C) To allow foreign investors in IFSC to invest in sovereign green bonds

Event and Location:

  • Event: Introduction of a scheme for trading and settlement of sovereign green bonds (SGrBs) in the International Financial Services Centre (IFSC) by RBI
  • Date: August 29, 2024
  • Location: India

Mandates and Objectives:

  • Objective: The scheme introduced by the Reserve Bank of India (RBI) aims to allow foreign investors in the IFSC to invest in sovereign green bonds (SGrBs) issued by the Government of India. This initiative is designed to facilitate wider non-resident participation in these instruments.
  • Key Details:
    • Eligible Investors: Foreign Portfolio Investors (FPIs) registered with SEBI are already permitted to invest in SGrBs through various routes available for government securities.
    • Primary and Secondary Markets: Investors can participate in the primary auctions of these securities conducted by the RBI and trade in the secondary market within the IFSC.
    • KYC Verification: The Know Your Customer (KYC) verification of investors will follow the rules and procedures set by the IFSC.

Significance:

  • Facilitating Non-Resident Participation: The scheme is part of RBI’s efforts to expand the market for sovereign green bonds by involving more foreign investors, thereby boosting the appeal and liquidity of these instruments.
  • Supporting Green Initiatives: By allowing more foreign investments, the RBI aims to support the government’s efforts in raising funds for environmental and sustainable projects through green bonds.

Static GK Information:

Titbits

Reserve Bank of India (RBI):

  • Founded: 1 April 1935
  • Headquarters: Mumbai, Maharashtra, India
  • Governor: Shaktikanta Das

International Financial Services Centre (IFSC):

  • Location: Gujarat International Finance Tec-City (GIFT City), Gujarat, India
  • Purpose: A financial hub to facilitate financial services and transactions.

Sovereign Green Bonds (SGrBs):

  • Purpose: To fund projects that have a positive environmental impact.

Tabular Summary:

Detail Description
Event RBI introduces scheme for trading and settlement of SGrBs in IFSC
Date August 29, 2024
Location India
Primary Objective Allow foreign investors in IFSC to invest in sovereign green bonds
Eligible Investors Foreign Portfolio Investors (FPIs)
Market Participation Primary auctions and secondary market transactions within the IFSC

Appointments – Daily Current Affairs August 29

11. Who has been appointed as the new Chairman and CEO of the Railway Board, effective from September 1, 2024?
A) Jaya Verma Sinha
B) Rajesh Kumar
C) Vinay Kumar Tripathi
D) Satish Kumar
E) Ashwini Vaishnaw
Answer: D) Satish Kumar

Event and Location:

  • Event: Appointment of Satish Kumar as Chairman and CEO of Railway Board
  • Effective Date: September 1, 2024
  • Location: India

Mandates and Objectives:

  • New Appointment: Satish Kumar, an Indian Railway Management Service (IRMS) officer, has been appointed as the new Chairman and CEO of the Railway Board.
  • Successor: He succeeds Jaya Verma Sinha, who retired on August 31, 2024.
  • Historical Significance: Satish Kumar is the first Scheduled Caste individual to hold the position of Chairman and CEO of the Railway Board.

Professional Background:

  • Career Overview:
    • Kumar is a 1986 batch officer of the Indian Railway Service of Mechanical Engineers (IRSME).
    • He has served a distinguished 34-year career in Indian Railways, most recently as General Manager of North Central Railway, Prayagraj.
  • Educational Background:
    • B.Tech in Mechanical Engineering from Malaviya National Institute of Technology (MNIT), Jaipur.
    • Post Graduate Diploma in Operation Management and Cyber Law from Indira Gandhi National Open University.

Static GK Information:

Titbits

Indian Railways:

  • Founded: 16 April 1853
  • Headquarters: New Delhi, India
  • Minister of Railways: Ashwini Vaishnaw
  • Chairman and CEO of Railway Board: Satish Kumar (Effective from September 1, 2024)

Tabular Summary:

Detail Description
Event Satish Kumar appointed as Chairman and CEO of Railway Board
Effective Date September 1, 2024
Predecessor Jaya Verma Sinha
Historic Significance First Scheduled Caste Chairman and CEO of the Railway Board
Career Milestone General Manager, North Central Railway, Prayagraj
Educational Qualification B.Tech in Mechanical Engineering; Post Graduate Diploma in Operation Management and Cyber Law

Awards – Daily Current Affairs August 29

12. What is the significance of IREDA securing an international credit rating from S&P Global Ratings?
A) It increases IREDA’s domestic loan options
B) It allows IREDA to reduce interest rates for local borrowers
C) It enables IREDA to expand its reach in the international market
D) It restricts IREDA’s borrowing plans
E) It signifies a downgrade in IREDA’s financial stability
Answer: C) It enables IREDA to expand its reach in the international market

Event and Location:

  • Event: IREDA Secures International Credit Rating from S&P Global Ratings
  • Date: August 29, 2024
  • Location: India

Mandates and Objectives:

  • Objective: Securing an international credit rating from S&P Global Ratings enables the Indian Renewable Energy Development Agency (IREDA) to enhance its presence in global markets by tapping into attractive sources of funding. This will support its borrowing plan and help secure funds at competitive rates.
  • Significance:
    • Rating Assigned: S&P Global Ratings has assigned IREDA a ‘BBB-‘ long-term and ‘A-3’ short-term issuer credit rating, with a ‘Stable’ outlook.
    • Impact: This rating reflects ongoing government support and will enhance IREDA’s ability to attract international investors and secure funding for renewable energy projects.

Corporate Governance and Market Position:

  • Commitment: IREDA’s strong commitment to corporate governance, financial performance, and maintaining investor trust is highlighted by this international credit rating.
  • Market Position: The rating will help IREDA maintain its strong market position and contribute to sustainable development in the renewable energy sector.

Static GK Information:

Titbits

IREDA (Indian Renewable Energy Development Agency Limited):

  • Founded: 11 March 1987
  • Headquarters: New Delhi, India
  • Chairman & Managing Director: Pradip Kumar Das
  • Purpose: IREDA finances and promotes renewable energy projects across India.

S&P Global Ratings:

  • Founded: 1860
  • Headquarters: New York, USA
  • Parent Company: S&P Global

Tabular Summary:

Detail Description
Event IREDA Secures International Credit Rating from S&P Global Ratings
Date August 29, 2024
Location India
Credit Rating Assigned ‘BBB-‘ (Long-term) and ‘A-3’ (Short-term) with a ‘Stable’ outlook
Significance of Rating Enables IREDA to expand its international market presence and secure funding at competitive rates
Impact on IREDA Enhances global reach, supports borrowing plans, and maintains strong market position

13. Which award did EaseMyTrip recently win at the Prestigious Brands of India 2024 awards?
A) Best Customer Service Award
B) Best Hotel Booking Platform
C) Best Online Travel Portal of India
D) Most Innovative Travel App
E) Fastest Growing Travel Company
Answer: C) Best Online Travel Portal of India

Event and Location:

  • Event: Prestigious Brands of India 2024 Awards
  • Date: August 29, 2024
  • Location: India

Mandates and Objectives:

  • Award Won: EaseMyTrip, an Indian online travel platform, was named the Best Online Travel Portal of India at the Prestigious Brands of India 2024 awards during the Goal Fest Conclave 2024.
  • Recognition: The award acknowledges EaseMyTrip’s significant contributions to the travel industry, its commitment to customer satisfaction, and its position as a leader in the online travel sector.

Significance:

  • Company Statement: Nishant Pitti, CEO and Co-Founder of EaseMyTrip, expressed that the award is a testament to the hard work and dedication of the entire team, emphasizing the company’s focus on innovation, sustainability, and customer satisfaction.
  • Company Overview: EaseMyTrip offers a wide range of travel services, including air tickets, hotels, holiday packages, and ancillary services. It has consistently maintained profitability since its inception and has expanded its presence internationally.

Market Information:

  • Stock Performance: On the day of the award announcement, EaseMyTrip’s shares were trading at ₹40.13, down by ₹0.44 or 1.08% on the NSE at 10:15 am.

Static GK Information:

Titbits

EaseMyTrip:

  • Founded: 2008
  • Headquarters: New Delhi, India
  • CEO & Co-Founder: Nishant Pitti
  • Services: Air tickets, hotels, holiday packages, and ancillary services
  • Stock Exchange Listing: NSE (National Stock Exchange of India)

Tabular Summary:

Detail Description
Event Prestigious Brands of India 2024 Awards
Award Won Best Online Travel Portal of India
Company EaseMyTrip
CEO & Co-Founder Nishant Pitti
Focus Areas Innovation, sustainability, and customer satisfaction
Stock Performance ₹40.13, down by ₹0.44 (1.08%) on the NSE

Science and Technology – Daily Current Affairs August 29

14. Where did TCS launch its fifth TCS Pace Studio, aimed at driving digital innovation?
A) Sydney
B) Manila
C) Stockholm
D) Riyadh
E) Tokyo
Answer: B) Manila

Event and Location:

  • Event: Launch of TCS Pace Studio
  • Date: August 2024
  • Location: Manila, Philippines

Mandates and Objectives:

  • Objective: The TCS Pace Studio in Manila is designed to co-innovate with customers, developing tailored solutions to drive digital innovation, particularly in the Asia-Pacific region.
  • Significance: This is the fifth TCS Pace Studio globally, joining other studios in Riyadh, Sydney, Letterkenny, and Stockholm, and further expanding TCS’s global innovation network.

TCS Pace Ecosystem:

  • Global Presence: The TCS Pace network includes five Pace Studios and seven Pace Ports in cities like Tokyo, Amsterdam, New York, Pittsburgh, Toronto, London, and Paris.
  • Technologies: The Manila Pace Studio showcases innovative platforms such as TCS AI WisdomNext, TCS TwinX, and TCS Zero Carbon Platform, leveraging advanced technologies like AI, cloud computing, cybersecurity, and data analytics.

Strategic Importance:

  • Commitment to Asia-Pacific: The establishment of the Pace Studio in the Philippines underscores TCS’s commitment to the region, highlighting the Philippines’ growing role as an IT and business process outsourcing hub.
  • TCS in the Philippines: TCS has been operational in the Philippines since 2008, employing over 5,000 professionals and supporting clients across various sectors, including telecom, banking, finance, and real estate.

Static GK Information:

Titbits

Tata Consultancy Services (TCS):

  • Founded: 1968
  • Headquarters: Mumbai, Maharashtra, India
  • CEO and MD: K. Krithivasan
  • Parent Company: Tata Group

Philippines:

  • Capital: Manila
  • Currency: Philippine Peso
  • President: Ferdinand Marcos Jr.

Tabular Summary:

Detail Description
Event Launch of TCS Pace Studio
Date August 2024
Location Manila, Philippines
Global Presence of TCS Pace Studios Riyadh, Sydney, Letterkenny, Stockholm, Manila
Technology Platforms Highlighted TCS AI WisdomNext, TCS TwinX, TCS Zero Carbon Platform
Importance to TCS Reinforces TCS’s commitment to the Asia-Pacific region and the Philippines

15. What is the primary objective of the partnership between Indian Immunologicals Ltd (IIL) and the Central Institute of Brackishwater Aquaculture (CIBA)?
A) To develop a new fish species
B) To increase fish production through genetic modification
C) To develop a commercial vaccine for Viral Nervous Necrosis (VNN) in finfish
D) To promote the use of anti-infectives in aquaculture
E) To create chemical-based solutions for fish infections
Answer: C) To develop a commercial vaccine for Viral Nervous Necrosis (VNN) in finfish

Event and Location:

  • Event: Partnership between Indian Immunologicals Ltd (IIL) and the Central Institute of Brackishwater Aquaculture (CIBA)
  • Date: August 29, 2024
  • Location: India

Mandates and Objectives:

  • Objective: The primary goal of the partnership is to develop a commercial vaccine for Viral Nervous Necrosis (VNN) in finfish, which is a significant disease affecting young fish and causing high mortality rates in aquaculture.
  • Significance:
    • Viral Nervous Necrosis (VNN): A severe disease in finfish that leads to high mortality, especially in young fish, and poses a major challenge to the aquaculture industry.
    • Economic Impact: The disease causes global losses estimated at $10 billion annually, highlighting the need for effective control measures like vaccines.
  • Current Scenario: There are no commercially available fish vaccines in India, and infections are currently managed using anti-infectives, which raise concerns about antimicrobial resistance and the demand for chemical-free food.

About IIL:

  • Background: Indian Immunologicals Ltd (IIL) was established by the National Dairy Development Board in 1982 and ventured into the aqua business in 2022, focusing on products for pond and gut management.
  • Innovation: IIL is the first company in India to develop fish vaccines, working on solutions tailored to different fish species and aquaculture conditions.

Static GK Information:

Titbits

Indian Immunologicals Ltd (IIL):

  • Founded: 1982
  • Headquarters: Hyderabad, India
  • Managing Director: K Anand Kumar

Central Institute of Brackishwater Aquaculture (CIBA):

  • Founded: 1987
  • Headquarters: Chennai, Tamil Nadu, India
  • Affiliation: Indian Council of Agricultural Research (ICAR)

Tabular Summary:

Detail Description
Event Partnership between Indian Immunologicals Ltd (IIL) and CIBA
Date August 29, 2024
Objective Develop a commercial vaccine for Viral Nervous Necrosis (VNN) in finfish
Significance Address high mortality rates in young fish and reduce economic losses in aquaculture
Current Scenario No commercially available fish vaccines in India; infections managed with anti-infectives
IIL Background First company in India to develop fish vaccines, focusing on various fish species and culture conditions

Defence – Daily Current Affairs August 29

16. Which Indian submarine, commissioned on August 29, 2024, is India’s second nuclear-powered ballistic missile submarine?
A) INS Chakra
B) INS Arihant
C) INS Arighaat
D) INS Vikrant
E) INS Karanj
Answer: C) INS Arighaat

Event and Location:

  • Event: Commissioning of INS Arighaat
  • Date: August 29, 2024
  • Location: Visakhapatnam, India

Mandates and Objectives:

  • Objective: The commissioning of INS Arighaat strengthens India’s nuclear triad, enhances nuclear deterrence, and establishes strategic balance and peace.
  • Importance: INS Arighaat is India’s second nuclear-powered ballistic missile submarine, joining its predecessor INS Arihant, which was commissioned in 2016.
  • Technological Upgrades: While retaining the same reactor and dimensions as INS Arihant, INS Arighaat features significant indigenously developed technological advancements.

Nuclear Deterrence:

  • Nuclear Triad: INS Arighaat completes India’s nuclear triad, which includes the ability to launch nuclear weapons from land, air, and sea.
  • Armament: INS Arihant is equipped with K-15 Submarine Launched Ballistic Missiles (SLBMs) with a range of 750 km, and the K-4 SLBM with a range of 3,500 km is under development.
  • Policy: India’s nuclear doctrine follows a “No First Use” policy, ensuring a robust retaliatory capability in the event of a nuclear strike.

Static GK Information:

Titbits

Indian Navy:

  • Founded: 26 January 1950
  • Headquarters: New Delhi, India
  • Chief of Naval Staff: Admiral R. Hari Kumar
  • INS Arighaat:
    • Class: Arihant-class submarine
    • Displacement: 6,000 tonnes
    • Reactor: 83 MW pressurized light-water reactor with enriched uranium

Tabular Summary:

Detail Description
Event Commissioning of INS Arighaat
Date August 29, 2024
Location Visakhapatnam, India
Predecessor INS Arihant
Technological Upgrades Advanced design, indigenous systems, and enhanced deterrence capabilities
Nuclear Triad Significance Strengthens India’s capability to launch nuclear weapons from sea
Key Armaments K-15 SLBM (750 km range), K-4 SLBM under development (3,500 km range)

National Affairs – Daily Current Affairs August 29

17. What is the primary goal of the report titled “Pathways and Strategies for Accelerating Growth in Edible Oils Towards Atmanirbharta” released by NITI Aayog?
A) To increase the import of edible oils
B) To achieve self-sufficiency in edible oils
C) To reduce the cultivation of oilseed crops
D) To enhance the consumption of imported oils
E) To promote the export of Indian edible oils
Answer: B) To achieve self-sufficiency in edible oils

Event and Location:

  • Event: Release of the Report on “Pathways and Strategies for Accelerating Growth in Edible Oils Towards Atmanirbharta”
  • Date: August 29, 2024
  • Location: New Delhi, India

Mandates and Objectives:

  • Objective: The primary goal of the report is to achieve self-sufficiency in edible oils in India by addressing the significant gap between domestic production and consumption.
  • Strategies:
    • Crop Retention and Diversification: Retaining and diversifying oilseed crops to boost production.
    • Horizontal Expansion: Increasing the area under cultivation for edible oil crops, especially utilizing rice fallow lands and wastelands.
    • Vertical Expansion: Enhancing yield through improved farming practices, better-quality seeds, and advanced production technologies.

Key Findings and Projections:

  • Current Scenario: India heavily relies on imports, with domestic production fulfilling only 40-45% of the country’s edible oil requirements.
  • Projected Demand: The report considers various approaches to forecast future demand, indicating potential demand-supply gaps depending on consumption patterns.
  • Strategic Interventions: The proposed strategies could potentially increase domestic edible oil production by 43.5 million tonnes, significantly reducing import dependence and moving towards Atmanirbharta (self-reliance).

Static GK Information:

Titbits

NITI Aayog:

  • Abbreviation: National Institution for Transforming India
  • Founded: 1 January 2015
  • Headquarters: New Delhi, India
  • Chairman: Prime Minister Narendra Modi
  • Vice-Chairman: Suman Bery

India:

  • Capital: New Delhi
  • Currency: Indian Rupee
  • President: Droupadi Murmu
  • Prime Minister: Narendra Modi

Tabular Summary:

Detail Description
Event Release of the report on “Pathways and Strategies for Accelerating Growth in Edible Oils Towards Atmanirbharta”
Date August 29, 2024
Location New Delhi, India
Objective Achieve self-sufficiency in edible oils in India
Key Strategies Crop retention, horizontal and vertical expansion, better seed utilization
Significance Reduce import dependence and ensure national food security

18. What is the primary purpose of the newly launched SHe-Box portal by the Ministry of Women and Child Development?
A) To provide job opportunities for women
B) To track the health records of women
C) To register and monitor complaints of sexual harassment at the workplace
D) To promote women’s entrepreneurship
E) To provide educational resources for women
Answer: C) To register and monitor complaints of sexual harassment at the workplace

Event and Location:

  • Event: Launch of the SHe-Box Portal
  • Date: August 29, 2024
  • Location: New Delhi, India

Mandates and Objectives:

  • Objective: The SHe-Box Portal is a centralized platform designed to register and monitor complaints of sexual harassment of women at the workplace. It serves as a tool to ensure the safe and timely processing of complaints, ensuring a secure environment for women at work.
  • Significance: This initiative furthers the government’s commitment to creating a safer and more inclusive working environment for women, aligning with the broader goal of women-led development as India moves towards “Viksit Bharat” by 2047.

Key Features of the SHe-Box Portal:

  • Centralized Repository: The portal acts as a repository for information related to Internal Committees (ICs) and Local Committees (LCs) across both government and private sectors.
  • Real-Time Monitoring: Complaints can be monitored in real-time through a designated nodal officer, ensuring transparency and accountability.
  • User-Friendly Interface: It allows users to file complaints, track their status, and ensure timely resolution, with the assurance that personal information is protected.

Additional Launch:

  • New Ministry Website: Along with the SHe-Box portal, a new website for the Ministry of Women and Child Development was launched, designed to create a cohesive visual identity and enhance engagement with national and global audiences.

Static GK Information:

Titbits

Ministry of Women and Child Development:

  • Founded: 30 January 2006
  • Headquarters: New Delhi, India
  • Union Minister: Smt. Annpurna Devi
  • Minister of State: Smt. Savitri Thakur

India:

  • Capital: New Delhi
  • Currency: Indian Rupee
  • President: Droupadi Murmu
  • Prime Minister: Narendra Modi

Tabular Summary:

Detail Description
Event Launch of the SHe-Box Portal
Date August 29, 2024
Location New Delhi, India
Objective To register and monitor complaints of sexual harassment at workplaces
Key Features Centralized platform, real-time monitoring, secure and timely complaint processing
Associated Launch New website for the Ministry of Women and Child Development

19. What is the primary objective of the newly launched Single Simplified Pension Application Form 6-A by the Department of Pension & Pensioners’ Welfare?
A) To increase the pension amount for retirees
B) To reduce the retirement age
C) To simplify the pension application process for Central Government Employees
D) To introduce new pension schemes
E) To integrate private sector employees into the pension system
Answer: C) To simplify the pension application process for Central Government Employees

Event and Location:

  • Event: Launch of New Single Simplified Pension Application Form 6-A and Integration of e-HRMS with Bhavishya
  • Date: August 30, 2024
  • Location: National Media Center, New Delhi, India

Mandates and Objectives:

  • Objective: The primary aim of the new Single Simplified Pension Application Form 6-A is to streamline and simplify the pension application process for Central Government Employees who are approaching retirement, improving their ease of living.
  • Integration with Bhavishya/e-HRMS:
    • The new form is integrated with the Bhavishya and e-HRMS systems, allowing for a seamless, end-to-end digitization of the pension processing workflow.
    • The form is accessible to employees on e-HRMS for superannuation cases, and to those not on e-HRMS via Bhavishya.
  • Form Consolidation:
    • The new Form 6-A merges 9 existing forms/formats (Form 6, 8, 4, 3, A, Format 1, Format 9, FMA, and Zero Option Form) into a single document.
  • Impact: This initiative significantly reduces paperwork and the complexity of the pension application process, aligning with the government’s “Maximum Governance – Minimum Government” policy.

Significance:

  • Ease of Living: The launch is a critical step in making the pension process more user-friendly and efficient for retiring government employees, paving the way towards a paperless pension processing system.
  • End-to-End Digitization: The integration ensures that the entire pension process, from form submission to the start of pension payments, is digitized, thus eliminating the chances of errors and omissions.

Static GK Information:

Titbits

Department of Pension & Pensioners’ Welfare (DoPPW):

  • Founded: 1985
  • Headquarters: New Delhi, India
  • Minister in Charge: Dr. Jitendra Singh

India:

  • Capital: New Delhi
  • Currency: Indian Rupee
  • President: Droupadi Murmu
  • Prime Minister: Narendra Modi

Tabular Summary:

Detail Description
Event Launch of New Single Simplified Pension Application Form 6-A
Date August 30, 2024
Location National Media Center, New Delhi
Objective Simplify the pension application process for Central Government Employees
Key Features Integration with Bhavishya/e-HRMS, merging of 9 forms into 1, end-to-end digitization
Impact Enhances ease of living for pensioners and promotes paperless processing

20. What was the theme of the ASSOCHAM Environment and Carbon Conference inaugurated by Shri Kirti Vardhan Singh?
A) Achieving Renewable Energy Targets
B) Promoting Green Business Practices
C) Fostering a Collaborative Ecosystem for Achieving Net Zero by 2070
D) Advancing Technological Innovations in Energy
E) Climate Resilience and Sustainability
Answer: C) Fostering a Collaborative Ecosystem for Achieving Net Zero by 2070

Event and Location:

  • Event: ASSOCHAM Environment and Carbon Conference
  • Date: August 29, 2024
  • Location: New Delhi, India

Mandates and Objectives:

  • Objective: The conference focused on fostering a collaborative ecosystem to achieve Net Zero emissions by 2070, emphasizing the importance of global cooperation in addressing climate change.
  • Key Points Discussed:
    • Climate change as a global issue requiring boundary-less cooperation.
    • The significance of building climate resilience and achieving Nationally Determined Contributions (NDC) targets.
    • The need for focused Research & Development (R&D) to develop technologies for greener industries and low carbon emissions.

Significance:

  • Climate Change: The conference highlighted the urgency of collaborative efforts in tackling climate change, with discussions centered on sustainable development and the importance of adopting Mission Life (Lifestyle for Environment).
  • Speakers and Participants: The event featured contributions from key figures such as Ms. Archana Varma (MD, National Water Mission), Mr. Milind Deore (Secretary, Bureau of Energy Efficiency), and others from various sectors, underlining a multi-faceted approach to achieving net zero.

Static GK Information:

Titbits

Ministry of Environment, Forest and Climate Change (MoEFCC):

  • Founded: 1985
  • Headquarters: New Delhi, India
  • Minister of State: Shri Kirti Vardhan Singh

ASSOCHAM (Associated Chambers of Commerce and Industry of India):

  • Founded: 1920
  • Headquarters: New Delhi, India
  • President: Ajay Singh

Tabular Summary:

Detail Description
Event ASSOCHAM Environment and Carbon Conference
Date August 29, 2024
Location New Delhi, India
Theme Fostering a Collaborative Ecosystem for Achieving Net Zero by 2070
Key Focus Climate change, sustainable development, R&D for low carbon emissions
Participants Key stakeholders from government, industry, and environmental sectors

21. What is the name of the first indigenously developed Pollution Control Vessel launched by the Indian Coast Guard in August 2024?
A) INS Vikrant
B) Samudra Pratap
C) Samudra Prahari
D) Varaha
E) Samudra Pahari
Answer: B) Samudra Pratap

Event and Location:

  • Event: Launch of the First Indigenously Developed Pollution Control Vessel (PCV) for the Indian Coast Guard
  • Date: August 29, 2024
  • Location: Goa, India

Mandates and Objectives:

  • Objective: The vessel named Samudra Pratap is designed to help control oil spills along India’s sea coast, marking a significant achievement in India’s goal of becoming self-sufficient (Atmanirbhar) in defense production.
  • Builder: Goa Shipyard Limited (GSL) built the vessel as part of a contract to construct two Pollution Control Vessels for the Indian Coast Guard (ICG) at a cost of ₹583 Crores.

Significance:

  • Atmanirbhar Bharat: The launch of Samudra Pratap highlights India’s growing capabilities in indigenous shipbuilding, contributing to the nation’s defense needs and its goal of becoming a net exporter of defense equipment.
  • Specifications: The ship measures 114.5 meters in length, 16.5 meters in breadth, and has a displacement of 4,170 tons.

Key Figures:

  • Raksha Rajya Mantri: Shri Sanjay Seth, who emphasized the importance of self-reliance in defense production during the launch.
  • Chairman and Managing Director of GSL: Shri Brajesh Kumar Upadhyaya, who attended the ceremony along with other officials from the Ministry of Defence, Indian Coast Guard, and Indian Navy.

Static GK Information:

Titbits

Indian Coast Guard (ICG):

  • Founded: 18 August 1978
  • Headquarters: New Delhi, India
  • Director General: Rakesh Pal

Goa Shipyard Limited (GSL):

  • Founded: 1957
  • Headquarters: Vasco da Gama, Goa, India
  • Chairman and Managing Director: Brajesh Kumar Upadhyaya

Tabular Summary:

Detail Description
Event Launch of Samudra Pratap, First Indigenously Developed Pollution Control Vessel
Date August 29, 2024
Location Goa, India
Vessel Name Samudra Pratap
Builder Goa Shipyard Limited (GSL)
Objective Control oil spills and contribute to India’s self-reliance in defense production
Vessel Specifications Length: 114.5m, Breadth: 16.5m, Displacement: 4,170 tons


Over All Review

Important Days

  • International Day against Nuclear Tests declared on 2 December 2009, observed on 29 August.
  • National Sports Day commemorates Major Dhyan Chand’s birth anniversary, celebrated since 2012.

Sports 

  • Dawid Malan retires from international cricket, scoring 4,416 runs across all formats since 2017.
  • GM Karthik Venkataraman won the 59th edition of the Swiss Open Chess Tournament, remaining undefeated.
  • RESET Programme launched to empower retired athletes with new skills and enhance employability.

Obituary

  • A.G. Noorani, noted author and legal luminary, passes away at 94 in Mumbai.

Ranking 

  • Gautam Adani tops the 2024 Hurun India Rich List with ₹11.6 lakh crore wealth.

Banking and Finance 

  • Pine Labs and Visa launch soundbox-enabled Pine Labs Mini for seamless digital payments.
  • Mastercard launches Payment Passkey Service in India, using biometric authentication for secure online shopping.
  • RBI introduces a scheme allowing foreign investors in IFSC to invest in sovereign green bonds.

Appointments

  • Satish Kumar appointed as the first Scheduled Caste Chairman and CEO of the Railway Board.

Awards 

  • IREDA secures ‘BBB-‘ rating from S&P Global, boosting its international market presence.
  • EaseMyTrip wins Best Online Travel Portal of India at the Prestigious Brands of India 2024 awards.

Science and Technology

  • TCS launched its fifth Pace Studio in Manila, Philippines, to boost digital innovation in Asia-Pacific.
  • IIL and CIBA partner to develop India’s first commercial vaccine for Viral Nervous Necrosis in finfish.

Defence

  • INS Arighaat, India’s second nuclear-powered ballistic missile submarine, commissioned on August 29, 2024.

National Affairs

  • NITI Aayog’s report outlines strategies to achieve self-sufficiency in India’s edible oil sector.
  • SHe-Box Portal launched to handle sexual harassment complaints at workplaces across India.
  • New Form 6-A launched to simplify pension application process for retiring government employees.
  • ASSOCHAM Conference focuses on collaboration to achieve Net Zero by 2070, emphasizing global efforts.
  • Samudra Pratap, India’s first indigenously developed Pollution Control Vessel, launched in Goa.

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs August 28

Our Products