Daily Current Affairs Quiz 7th August 2024

A Bangladesh-registered c-130j Hercules jet became the most tracked flight on flightradar24com amid rumors of the Bangladesh prime minister leaving the country the c-130j super Hercules developed by lockheed martin is a four-engine military transport aircraft

Founded to celebrate the Swadeshi movements centenary it promotes indigenous crafts and empowers weavers the 2024 theme focuses on integrating technology and innovation to expand market access and enhance skill development for artisans

” Notes:an investigation into 43 tiger deaths between 2021 and 2023, with 34 in bandhavgarh tiger reserve and 9 in shahdol forest circle, revealed poor investigations and missing body parts in 10 cases. the special investigation team (sit) reported these findings on july 15. bandhavgarh tiger reserve, located in madhya pradesh, is renowned for its high density of royal bengal tigers and was declared a tiger reserve in 1993.”

” Notes:the fifth asean-india trade in goods agreement (aitiga) joint committee meeting in jakarta from july 29 to august 1, 2024, aimed to enhance economic cooperation between asean and india by reviewing the 2009 aitiga. asean is a key trade partner for india, with significant trade volumes and a notable trade deficit. the meeting focused on improving the trade agreement and fostering deeper economic collaboration.”

The first bimstec business summit will take place from 6-8 august 2024 in new delhi under the auspices of the ministry of external affairs of india

” Union Minister Jyotiraditya M Scindia, Ministry of Communications (MoC) and Ministry of Development of North Eastern Region (MDoNER) along with the Union Minister of State(MoS)Dr Pemmasani Chandra Sekhar, MoC and Ministry of Rural Development (MoRD) has inaugurated the Network Operations Centre (NOC) at the Centre for Development of Telematics (C-DOT), New Delhi, Delhi. The NOC hosts indigenously developed security infrastructure for the purpose of identifying and tracking cyber threats in the telecom network in India. M Scindia also made a pilot 5G(the fifth-generation technology) call on the Bharat Sanchar Nigam Limited (BSNL) live network, where this 5G call was made using the indigenously designed 5G radio and 5G core Non-Stand Alone(NSA).”

The reserve bank of india (rbi) has approved the re-appointment of inderjit camotra as managing director(md) and chief executive officer(ceo) of unity small finance bank limited (unity bank) for another 2 years. he has been serving as the md & ceo of unity small finance bank since 2022.

” On 2nd august 2024, the federal republic of germany (frg) officially joined the united states of america (usa) led-united nations command (unc) at pyeongtaek, south of seoul in south korea. germany became the 18th member state of unc, a group that helps police the heavily fortified border with north korea and has committed to defend the south in the event of war. this marks the 1st unc expansion since italy was reinstated in 2013. unc was established on 7th july, 1950, after un recognised the aggression of north korea against south korea.”

” Union Minister Pralhad Venkatesh Joshi, Ministry of Consumer Affairs, Food & Public Distribution (MoCAF&PD) launched the Version 4.0 Price Monitoring System (PMS) Mobile Application (App) in New Delhi, Delhi. From August 1, 2024, the Department of Consumer Affairs (DCA), MoCAF&PD, has expanded its PMS to include 16 additional commodities. The newly added 16 items include Bajra, Jowar, Ragi, Suji (wheat), Maida (wheat), Besan, Ghee, Butter, Brinjal, Egg, Black Pepper, Coriander, Cumin, Red Chillies, Turmeric Powder, and Banana. The monitoring now covers a total of 38 commodities, up from the previous 22 commodities. The 38 commodities represent approximately 31% of the CPI weights, an increase from the previous 26.5%. The government has allocated Rs 10,000 crore under the price stabilisation fund (PSF) in the Union Budget 2024-25 to maintain stable prices and ensure affordability of pulses.”

” Hdfc securities limited, a wholly-owned subsidiary of hdfc bank limited has partnered with vested finance inc., a united states of america (usa)-based investment platform, to democratize global investing for indians and non-resident indians (nris) through global investing 2.0. with global investing 2.0, hdfc securities will empower investors with the tools and access needed to expand their investments. this partnership will provide investors with augmented protection, innovative features, and deep portfolio diversification. adherence to the usa regulations and reserve bank of india’s(rbi’s)liberalized remittance scheme, enabling indian residents to invest up to usd 250,000 annually.”

” On 1st august 2024, union minister nitin gadkari, ministry of road transport and highways (morth) announced that the government of india (goi) and the world bank (wb) have signed a usd 500 million agreement to construct the green national highway corridors project (gnhcp). the project aims to deploy a safe and green highway using green technologies and climate resilience methodology. morth also informed that the scheduled date for the final completion of the gnhcp project is may 2026. the world bank will support the project by providing a loan assistance of usd 500 million, contributing to the total project cost of usd 1288.24 million (which is equivalent to rs 7,662.47 crore).”

” Bibhuti bhusan nayak, a certified management accountant (cma) has been elected as the 67th president of the institute of cost accountants of india (icmai) for the 2024-2025 period. he succeeds ashwin dalwadi, who was the president for the 2023-24 period. tca srinivasa prasad has been elected as the vice president (vp) of the icmai for 2024-25. he will succeed bibhuti bhusan nayak. nayak is also elected as the member of council of the institute for the term 2023-27. he is a fellow member of the icmai. the icmai was set up as a statutory body on 28 may 1959 under the provisions of the cost and works accountants act, 1959, headquartered at kolkata, west bengal (wb).”

The asian cricket council has declared india the host of the 2025 mens asia cup cricket tournament in the twenty20 t20 format and bangladesh the host of the 2027 asia cup tournament in the one day international odi format

” The reserve bank of India (rbi) has issued ‘fit & proper’ certificates to 3 potential suitors for industrial development bank of India (idbi) limited, thus paving the way for possible acquisition of the bank. the potential suitors are fairfax financial holdings limited, toronto(canada); emirates nbd bank, dubai(the united arab emirates(uae)) and kotak mahindra bank limited (kmbl), mumbai(maharashtra). idbi has received final approval from rbi for the ‘fit & proper’ criteria for privatization, and potential bidders for the strategic sale are expected to begin the process of due diligence early august, 2024. the government of india (goi) and the life insurance corporation of India (lic) jointly holds around 94% stake in idbi bank. lic as a promoter of idbi bank holds 49.24% while, the goi as co-promoter holds 45.48% stake in idbi bank.”

” Reserve bank of india (rbi) has granted payment- aggregator- cross border (pa-cb) license to 3 merchant payment companies namely indiaideas.com limited (billdesk), amazon pay (india) private limited, and global payments major adyen india technology services private limited (adyen). billdesk received the licence for both exports and imports (pa-cb-e&i) and amazon pay and adyen received the licence for only import(pa-cb-i). this pa-cb license allows these companies to offer payment services for international trade and domestic merchant payment services. the pa-cb license enables payment companies to offer payment services in the export-import space, particularly for international remittances and payments for freelancers working with global companies from india.click here to read more”