Daily Current Affairs Quiz 12th August 2024

” Notes:the Indian air force (IAF) participated in the bilateral exercise udara shakti 2024 with the royal malaysian air force. The exercise took place in kuantan, malaysia, from 6-9 august 2024. Both air forces deployed seven sukhoi-30 fighter planes, which are purchased from russia. India’s sukhoi-30 planes, mostly produced by hindustan aeronautics limited (HAL), are the su-30mki variant, specifically modernized for India. Exercise udara shakti 2024 included training exercises and subject matter expert exchange concepts. Training exercises focused on air combat involving su-30 planes from both countries.”

Three underwater structures in the Indian ocean have been recently named ashoka chandragupt and kalpataru highlighting India’s influence in marine science the names were proposed by India and approved by the international hydrographic organisation iho and the interGovernmental oceanographic commission ioc

” Notes:president droupadi murmu received timor leste’s highest civilian award, the grand collar of order of timor leste, on 10 august 2024 in dili. She is the first Indian president to visit timor leste, as part of her three-nation tour to fiji, new zealand, and timor leste from 5-10 august 2024. President murmu discussed it infrastructure, medical, and capacity-building assistance with timor leste’s president josé ramos horta. Three mous were signed between India and timor leste, including media cooperation, visa exemptions for officials, and cultural exchange programs.”

” Notes:on august 9, 2024, the union cabinet, led by prime minister Narendra Modi, approved pradhan mantri awas yojana-urban (pmay-u) 2.0 with an investment of rs 10 lakh crores. This new scheme will replace the original pmay-u, which runs until december 2024. Pmay-u 2.0 will last for five years and aims to build one crore houses for the urban poor and middle-class families. The union ministry of housing and urban affairs will implement the scheme. It covers towns from the 2011 census and targets economically weaker sections, low-income groups, and middle-income groups families without pucca houses, with income limits of rs 3 lakh, rs 6 lakh, and rs 9 lakh per year, respectively.”

” Notes:at the 2024 paris olympics, aman sehrawat from India won a bronze medal in the men’s 57kg wrestling category, marking a proud moment in India’s wrestling history. Born in haryana on july 16, 2003, sehrawat is known for his freestyle technique. He defeated puerto rico’s darian toi cruz 13-5 in the bronze medal match. Aman first gained attention by winning a silver at the 2021 world wrestling u23 championships and gold at the 2022 asian u23 championships. His journey from local competitions to the olympic podium highlights his dedication and talent.”

” The Indian army conducted ‘parvat prahaar‘ (mountain strike), a large-scale strike corps exercise, in the union territory (UT) of ladakh. The strategic military exercise focused on high-altitude warfare and operations, involving various military units and equipment to maintain readiness near the India-china border. The exercise assisted the Indian army to validate new warfighting concepts and technology integration. The strike corps, attached to the northern command, is focused on developing high-altitude warfare and operations. This fortnight’s exercise emphasises mountainous and rugged terrains, such as those found in regions like eastern ladakh.”

” The Indian institute of technology (IIT) indore, madhya pradesh(MP) in partnership with the defence research and development organisation (DRDO) under the ministry of defence (MOD), has developed energy-harvesting shoes with global positioning system (GPS) tracking. These shoes are specifically designed for soldiers which are equipped with a technology that can generate electricity and can track the real-time location of the wearer. The 1st batch of 10 pairs of these shoes was already supplied by iit indore to the units of drdo. These shoes are made under the guidance of  professor ia palani, faculty at iit indore. It is based on tribo-electric nanogenerator (TENG) technology that can generate electricity with every step.”

” On 6th august 2024, the appointments committee of the cabinet (ACC) approved the appointment of challa sreenivasulu setty (cs setty)(59 years old) as new chairman of the state bank of India (SBI), India’s largest public sector bank (PSB), for a 3 year term with effect from the date he assumes office, on or after 28th august 2024. He is currently serving as one of the managing directors (MDS) of SBI.

He will succeed the current chairman dinesh khara, whose term is set to retire on 28th august 2024 on attaining the age of 63 (the upper age limit for the post of SBI’s chairman). The acc has also approved the appointment of rana ashutosh kumar singh as the md of SBI. He is currently serving as the deputy md (retail-personal banking and real estate), SBI.”

” A team of researchers have discovered new flowering plant species of kandil pushpa named ‘ceropegia shivarayina’ at vishalgarh fort in kolhapur district, maharashtra. The research findings were published in phytotaxa, an international journal published from new zealand. The species is named after chhatrapati shivaji maharaj, an Indian king and founder of the maratha empire. It is the first time a plant species has been named after shivaji maharaj. Ceropegia shivarayina belongs to the kandil flower class, genus ceropegia and family apocynaceae. Kandil pushpa is a vine-like plant belonging to the ceropegia group.”

” Pine labs-owned setu, an application programming interface (API) infrastructure provider has introduced upi-setu, India’s first unified payments interface (UPI)-focused payments platform for businesses and developers in partnership with axis bank limited, mumbai, maharashtra.I.It facilitates a wide range of upi products, such as third-party validation(TPV) services, equated monthly instalments (EMIS), upi autopay, and basic quick response (QR) code payments.Ii.It has features like enhanced dispute resolution, instant cashback and refunds, bank and brand offers, and instant cashback that are all offered by apis.”

” Dbs bank India limited (DBIL) has unveiled the ‘dbs golden circle‘, a priority banking program for senior citizens, ensuring convenient, and secure banking. This program offers numerous exclusive benefits and services for resident Indian citizens aged 60 years and above, to address income security. Senior citizens enrolled in this program can earn competitive interest rates of up to 7% per annum on savings account balances above rs 4 lakhs and up to rs 5 lakhs. This program offers cyber insurance coverage of up to rs 1,00,000 to enhance security.”

The quit India movement day also known as august kranti day is annually observed in India on 8 august to commemorate the launch of the quit India movement in 1942 a significant movement in India’s struggle for independence from british colonial rule demanding the immediate withdrawal of british forces

” L&t finance limited, a subsidiary of larsen & toubro(l&t) ltd, one of the leading non-banking financial companies (NBFCS) in India, received its certificate of registration (COR) from the reserve bank of India (RBI), as an nbfc investment and credit company(nbfc-icc). It was earlier registered as an nbfc-core investment company (CIC).

This conversion follows the amalgamation of the wholly owned subsidiaries of the company, l&t finance limited, l&t infra credit limited, and l&t mutual fund trustee limited. In 2019, the RBI consolidated 3 separate categories of nbfcs, a asset finance companies (AFC), loan companies (LCS) and investment companies (ICS) into a single unified category known as nbfc-icc. As of current regulations, nbfc-iccs are required to have a minimum net owned fund (NOF) of rs 2 crore”

” According to the sovereign wealth fund institute’s (SWFI), top 100 largest central bank rankings by total assets in the world in 2024, India’s central bank, the reserve bank of India (RBI) ranked 12th globally with a current total assets of usd 839 billion. The RBI registered a balance sheet growth of 11.08% year-on-year (y-o-y) to rs 70.47 trillion as of march 2024. The federal reserve system (FRS), the central bank of the united states of america (USA) topped the list, boasting assets worth usd 7.84 trillion. It is followed by china’s people’s bank of china (PBC) in the 2nd place, with usd 6 trillion, and japan’s bank of japan (BOJ) in the 3rd, with usd 5.54 trillion.”

” Kais saied, president of tunisia, has appointed kamel madouri as the new prime minister (PM) of tunisia succeeding ahmed hachani, who was dismissed by the president without explanation on 7th august 2024. Kamel madouri has been serving as the minister of social affairs since may 2024. Ahmed hachani took office as pm in august 2023 by replacing najla bouden (pm 2021-23), who was also dismissed by president saied.”