Daily Current Affairs July 08

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs July 08. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly current affairs pdf.

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

July 08 | Daily Current Affairs 2026

Sports – Daily Current Affairs July 08

1. Which team defeated Brazil 2-1 in the FIFA World Cup 2026 Round of 16?
A) France
B) England
C) Norway
D) Morocco
E) Belgium
Answer: C) Norway.

Event and Location:

• Event: The FIFA World Cup 2026 Round of 16 featured eight knockout matches that determined the quarterfinalists.
• Location: The matches were held across venues in the United States, Canada, and Mexico.
• Date: The Round of 16 fixtures were scheduled from 4 July to 8 July 2026.

Mandates and Objectives:

• Mandates: The 16 teams that advanced from the Round of 32 competed in single-elimination matches for places in the quarterfinals.
• Objectives: The knockout round aimed to identify the eight teams progressing to the quarterfinal stage of the tournament.

Important Terms Explained:

• Round of 16: It is the knockout stage featuring 16 teams, with the eight match winners advancing to the quarterfinals.
• Single-Elimination Match: It is a contest in which the losing team is immediately eliminated from the tournament.
• Penalty Shootout: It is a tie-breaking method used when teams remain level after regulation time and extra time.
• Player of the Match: It is an award given to the player judged to have delivered the most influential performance in a match.

Tabular Summary:

---

Banking and Finance – Daily Current Affairs July 08

2. Which additional National Pension System investment option permits a maximum equity exposure of 75%?
A) LC-25 Conservative
B) LC-50 Moderate
C) LC-75 High
D) Government Securities Fund
E) Corporate Bond Fund
Answer: C) LC-75 High.

Event and Location:

• Event: The Union Government extended two additional life cycle investment choices under the National Pension System to employees of Central Autonomous Bodies.
• Location: The decision applies to eligible Central Autonomous Body employees across India.
• Date: The Ministry of Finance announced the extension on 7 July 2026.

Mandates and Objectives:

• Mandates: The Department of Expenditure extended the applicability of the Department of Financial Services notification dated 13 November 2025 to eligible Central Autonomous Body employees covered under NPS.
• Objectives: The decision aims to provide greater investment flexibility, align pension investments with individual risk appetite, improve retirement planning, and increase participation in NPS.

Important Terms Explained:

• LC-75 High: Formerly called the LC-75 Aggressive Life Cycle Fund, it permits equity exposure of up to 75% and is intended for subscribers with a higher risk appetite and longer investment horizon.
• Aggressive Life Cycle Fund: Formerly called the Balanced Life Cycle Fund, it allows equity exposure of around 50%, with the equity allocation beginning to decline gradually from the age of 45 years.
• Life Cycle Fund: It is an investment option that automatically adjusts the allocation among equity, debt, and other assets according to the subscriber’s age.
• Central Recordkeeping Agency: It is the NPS platform that maintains subscriber records and enables eligible subscribers to select or modify their investment choices.

Tabular Summary:

---

Business and Economy – Daily Current Affairs July 08

3. What is the base year fixed for the proposed Index of Services Production?
A) 2011-12
B) 2017-18
C) 2020-21
D) 2022-23
E) 2024-25
Answer: E) 2024-25.

Event and Location:

• Event: The Ministry of Statistics and Programme Implementation released the Technical Advisory Committee’s report on the proposed Index of Services Production.
• Location: The proposed index will measure the monthly performance of India’s formal services sector.
• Date: The trial release of the index is scheduled for 14 July 2026.

Mandates and Objectives:

• Mandates: The proposed ISP will be compiled monthly using GST data, administrative records, and service-sector survey data, with 2024-25 as its base year.
• Objectives: The index aims to measure short-term changes in services output, provide timely economic data, complement the Index of Industrial Production, and support evidence-based policymaking.

Important Terms Explained:

• Laspeyres Volume Index: It is an index methodology that measures changes in output by using fixed weights derived from a selected base period.
• Gross Value Added: It represents the value of goods and services produced after subtracting the cost of intermediate inputs and will be used to assign weights in the ISP.
• NIC 2025: The National Industrial Classification 2025 is a statistical framework used to classify economic activities, with the ISP proposed to be compiled at the two-digit level.
• ASISSE: The Annual Survey of Service Sector Establishments provides data on service-sector activities and will support estimates for sectors such as health and education.

Tabular Summary:

---

International Affairs – Daily Current Affairs July 08

4. Which country agreed to procure BrahMos supersonic cruise missiles and Astra Beyond-Visual-Range Air-to-Air Missiles from India?
A) Malaysia
B) Indonesia
C) Thailand
D) Singapore
E) Cambodia
Answer: B) Indonesia.

Event and Location:

• Event: India and Indonesia signed 14 strategic agreements, including proposed defence deals involving BrahMos and Astra missile systems.
• Location: The agreements were announced in Jakarta, Indonesia.
• Date: The agreements were announced during Prime Minister Narendra Modi’s visit on 7 July 2026.

Mandates and Objectives:

• Mandates: India and Indonesia agreed to expand cooperation across defence, maritime security, trade, critical minerals, digital payments, education, space, telecommunications, health, and food security.
• Objectives: The agreements aim to strengthen the Comprehensive Strategic Partnership, enhance defence cooperation, improve maritime stability, diversify strategic supply chains, and promote a free, open, inclusive, and rules-based Indo-Pacific.

Important Terms Explained:

• BrahMos Supersonic Cruise Missile: It is a high-speed cruise missile jointly developed by India and Russia for precision strikes against land and maritime targets.
• Astra BVRAAM: The Astra Beyond-Visual-Range Air-to-Air Missile is an indigenous missile developed by the Defence Research and Development Organisation for engaging airborne targets beyond visual range.
• Comprehensive Strategic Partnership: It is an advanced bilateral relationship covering defence, economic, technological, maritime, diplomatic, and cultural cooperation.
• ASEAN Centrality: It refers to the leading role of the Association of Southeast Asian Nations in shaping regional cooperation and the security architecture of the Indo-Pacific.

Tabular Summary:

---

Schemes – Daily Current Affairs July 08

5. How much revolving fund assistance is provided to each eligible Self-Help Group under the UP Mahila Samarthya Yojana 2026?
A) ₹5,000
B) ₹10,000
C) ₹15,000
D) ₹20,000
E) ₹25,000
Answer: C) ₹15,000.

Event and Location:

• Event: The Government of Uttar Pradesh is implementing the UP Mahila Samarthya Yojana 2026 to promote skill development, self-employment, and entrepreneurship among rural women.
• Location: The scheme is applicable across rural areas of Uttar Pradesh.
• Date: The scheme was launched in 2021 and continues as a women-empowerment initiative in 2026.

Mandates and Objectives:

• Mandates: The scheme provides free skill training, revolving fund assistance, enterprise-development support, entrepreneurship guidance, and market linkages to eligible women Self-Help Groups registered under the Uttar Pradesh State Rural Livelihood Mission.
• Objectives: The scheme aims to strengthen women-led Self-Help Groups, promote sustainable livelihoods, improve financial inclusion, expand market access, and increase income-generation opportunities for rural women.

Important Terms Explained:

• Self-Help Group: It is a small voluntary association whose members regularly save money, access credit, and undertake collective livelihood or income-generating activities.
• Revolving Fund: It is financial assistance provided to an eligible SHG to strengthen its internal lending capacity and support livelihood or enterprise activities.
• Cluster Level Enterprises: These are collective business structures that help SHGs aggregate production, improve marketing, access larger markets, and expand women-led enterprises.
• Aspirational Districts: These are districts identified for focused development intervention due to comparatively weaker socio-economic indicators.

Tabular Summary:

---

National Affairs – Daily Current Affairs July 08

6. Which institution became India’s 21st Designated Repository under the Biological Diversity Act, 2002?
A) National Museum of Natural History
B) Natural History Museum of Mizoram University
C) Zoological Survey of India
D) Botanical Survey of India
E) Indian Museum Kolkata
Answer: B) Natural History Museum of Mizoram University.

Event and Location:

• Event: The Ministry of Environment, Forest and Climate Change designated the Natural History Museum of Mizoram University as India’s 21st Designated Repository under Section 39 of the Biological Diversity Act, 2002.
• Location: Mizoram University, Aizawl, Mizoram.
• Date: The designation was officially notified on 19 June 2026.

Mandates and Objectives:

• Mandates: The museum will preserve authenticated biological specimens, maintain scientific reference collections, support species identification and classification, and safeguard voucher and type specimens collected under the Act.
• Objectives: The designation aims to strengthen biodiversity documentation, scientific research, species conservation, ecological restoration, and institutional coordination in Northeast India.

Important Terms Explained:

• Section 39: It is a provision of the Biological Diversity Act, 2002, that empowers the Central Government to designate institutions as repositories for biological material collected under the Act.
• Voucher Specimens: These are authenticated biological samples collected during scientific studies and preserved as permanent references for future research and verification.
• Type Specimens: These are the original biological specimens used by scientists to formally describe and name newly discovered species.
• Indo-Burma Biodiversity Hotspot: It is a globally significant region with exceptionally high biological diversity and numerous endemic and threatened species.

Tabular Summary:

---

7. Which organisation developed the jute-viscose blended apparel for India’s contingent at the Commonwealth Games 2026?
A) Khadi and Village Industries Commission
B) National Jute Board
C) Textile Committee of India
D) Sports Authority of India
E) Cotton Corporation of India
Answer: B) National Jute Board.

Event and Location:

• Event: India’s Commonwealth Games 2026 contingent will wear sustainable jute-viscose blended apparel developed by the National Jute Board.
• Location: The Commonwealth Games 2026 will be held in Glasgow, Scotland, while the kit was unveiled in New Delhi.
• Date: The kit was unveiled on 7 July 2026, and the Games are scheduled from 23 July to 2 August 2026.

Mandates and Objectives:

• Mandates: The National Jute Board, in collaboration with Gloster Jute Mills and the National Institute of Fashion Technology, developed biodegradable jute-viscose apparel for Indian athletes and officials.
• Objectives: The initiative aims to promote sustainable textiles, natural fibres, value-added jute products, Indian craftsmanship, green manufacturing, and the Make in India initiative.

Important Terms Explained:

• National Jute Board: It is an organisation under the Ministry of Textiles that promotes the development, diversification, and wider use of jute and jute-based products.
• Jute-Viscose Blended Fabric: It is a textile made by combining natural jute fibre with viscose to improve comfort, flexibility, appearance, and suitability for apparel.
• Biodegradable Fabric: It is a material that can decompose naturally through biological processes and has a lower long-term environmental impact than many synthetic textiles.
• Make in India: It is an initiative focused on encouraging domestic manufacturing, innovation, investment, and global competitiveness in Indian industries.

Tabular Summary:

---

8. Which port became India’s second major port to offer an 18-metre operational draft?
A) Chennai Port
B) Kamarajar Port
C) Cochin Port
D) Paradip Port
E) Mumbai Port
Answer: B) Kamarajar Port.

Event and Location:

• Event: Kamarajar Port became India’s second major port with an 18-metre operational draft after completing the Capital Dredging Phase VI project.
• Location: Kamarajar Port, Tamil Nadu.
• Date: The development was reported on 8 July 2026.

Mandates and Objectives:

• Mandates: The Capital Dredging Phase VI project deepened the approach channel, entrance channel, berths, harbour basin, and associated navigational areas to enable the handling of fully laden Capesize vessels.
• Objectives: The project aims to reduce logistics costs, increase cargo-handling capacity, improve vessel turnaround time, strengthen global competitiveness, and support India’s export-import trade.

Important Terms Explained:

• Operational Draft: It refers to the maximum depth of water available for ships to safely enter, exit, and berth at a port.
• Capesize Vessels: These are large dry bulk cargo ships that traditionally navigate around the Cape of Good Hope because they may be too large to pass through major canals when fully loaded.
• Deadweight Tonnage: It measures the total weight that a vessel can safely carry, including cargo, fuel, passengers, crew, and supplies.
• Cape Compliant Port: It is a port equipped with sufficient channel depth, berth depth, and navigational infrastructure to accommodate Capesize vessels.

Tabular Summary:

---

9. Which ministry launched TribeX, India’s first dedicated digital learning platform for tribal arts, culture, languages, and traditional knowledge?
A) Ministry of Culture
B) Ministry of Education
C) Ministry of Tribal Affairs
D) Ministry of Skill Development and Entrepreneurship
E) Ministry of Social Justice and Empowerment
Answer: C) Ministry of Tribal Affairs.

Event and Location:

• Event: The Ministry of Tribal Affairs launched TribeX as India’s first dedicated digital learning platform for tribal arts, culture, languages, and traditional knowledge.
• Location: The platform was unveiled at the National Workshop on Strengthening Tribal Research Institutes in Bhubaneswar, Odisha.
• Date: TribeX was officially launched on 7 July 2026.

Mandates and Objectives:

• Mandates: TribeX will provide online learning, digital documentation, research support, knowledge preservation, skill development, free certificate courses, and UGC-recognised postgraduate diploma programmes.
• Objectives: The platform aims to preserve tribal heritage, promote indigenous languages and traditions, improve employability, support academic research, and showcase India’s tribal diversity globally.

Important Terms Explained:

• TribeX: It is a digital learning ecosystem designed to preserve, document, teach, and promote India’s tribal arts, culture, languages, crafts, and traditional knowledge.
• Tribal Research Institutes: These are institutions that conduct research, documentation, training, and policy-support activities related to tribal communities and their socio-cultural development.
• Hybrid Postgraduate Diploma: It is a one-year academic programme combining online or classroom instruction with practical internships, expert lectures, and dissertation work.
• Ol Chiki: It is the script used for writing the Santali language and is included in one of the postgraduate diploma programmes offered through TribeX.

Tabular Summary:

---

10. Which four states signed the Narmada Project Payment Pact to resolve the cost-sharing dispute?
A) Gujarat, Rajasthan, Maharashtra and Goa
B) Madhya Pradesh, Gujarat, Rajasthan and Maharashtra
C) Madhya Pradesh, Chhattisgarh, Gujarat and Rajasthan
D) Gujarat, Maharashtra, Karnataka and Rajasthan
E) Madhya Pradesh, Uttar Pradesh, Gujarat and Maharashtra
Answer: B) Madhya Pradesh, Gujarat, Rajasthan and Maharashtra.

Event and Location:

• Event: Madhya Pradesh, Gujarat, Rajasthan, and Maharashtra signed a payment agreement to settle financial liabilities related to the Sardar Sarovar and Indira Sagar projects.
• Location: The agreement was signed in New Delhi.
• Date: The four-state pact was signed on 7 July 2026.

Mandates and Objectives:

• Mandates: The agreement settles pending matters concerning project cost-sharing, rehabilitation and resettlement expenses, compensation for submerged land, interest on borrowings, construction costs, dues, and liabilities under the Narmada Water Disputes Tribunal Award.
• Objectives: The pact aims to resolve the long-standing inter-state financial dispute, improve coordination in Narmada basin projects, strengthen cooperative federalism, and promote efficient water-resource management.

Important Terms Explained:

• Narmada Water Disputes Tribunal Award: It is the legal framework governing water allocation, project construction, cost-sharing, rehabilitation responsibilities, and financial liabilities among the Narmada basin states.
• Sardar Sarovar Project: It is a major multipurpose river valley project that provides irrigation, drinking water, and hydroelectric power.
• Indira Sagar Project: It is a multipurpose project in Madhya Pradesh designed for hydropower generation, irrigation, water supply, and river-basin management.
• Cooperative Federalism: It refers to coordination and joint decision-making between the Union and state governments to resolve shared administrative, financial, and developmental issues.

Tabular Summary:

---

---

Over All Review

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs July 07