AUGUST MONTH CURRENT AFFAIRS (2)_240927_175521.pdf

Rashtriya Vigyan Puraskars 1. Govindarajan Padmanabhan has been selected as the first recipient of the Vigyan Ratna Puraskar 2. 23rd August (National Space Day) , theme Touching Lives while Touching the Moon: India's Space Saga Clean Plant Programme (CPP). Supported by a substanti...

Rashtriya Vigyan Puraskars 1. Govindarajan Padmanabhan has been selected as the first recipient of the Vigyan Ratna Puraskar 2. 23rd August (National Space Day) , theme Touching Lives while Touching the Moon: India's Space Saga Clean Plant Programme (CPP). Supported by a substantial investment of Rs. 1,765.67 crore (horticulture sector) India's first round-the-clock grain ATM at Mancheswar in Bhubaneswar, Odisha (RBI) also announced to increase the transaction limit for tax payment through Unified Payments Interface (UPI) from Rs 1 lakh to Rs 5 lakh per transaction. The RBI has decided to increase the frequency of reporting of credit information by lenders, including Banks and NBFCs, to Credit Information Companies (CICs) from monthly intervals to fortnightly basis or shorter interval from 1 st January, 2025 The Indian Navy's multi-role stealth frigate INS Shivalik participated in the 2024 Rim of the Pacific (RIMPAC) exercise, the world's largest international maritime exercise (29 countries) Axiom-4 Mission. India has selected Group Captains Shubhanshu Shukla and Prasanth Balakrishnan Nair for the upcoming Axiom-4 mission to the International Space Station (ISS) Indian shooter Swapnil Kusale clinched a bronze medal in the men’s 50m rifle 3 positions final at the Paris 2024 Olympics Aman Sehrawat (Birohar, Haryana) won the bronze in the men’s freestyle 57kg event at the Paris 2024 Olympics wrestling tournament to become India’s youngest medal winner at the Summer Games Pakistan's Arshad Nadeem made history at the 2024 Paris Olympics by breaking the Olympic record in the men's javelin throw and won gold with a remarkable throw of 92.9 metre Bangladesh President Mohammed Shahabuddin has appointed Nobel laureate Mohammad Yunus as head of an interim government. Mohammad Yunus has won the Nobel Peace Prize in 2006 for his anti-poverty campaign through the Grameen Bank ('The Father of Microfinance) Nagaland became the first state in the country to implement the disaster management insurance, the state government and SBI General Insurance Fortune's Global 500 list for 2024.nine companies included in the Fortune 500 Companies. US retailer Walmart remains No.1 for the 11th consecutive year All listed Indian companies, including public sector firms, are required to maintain a minimum public shareholding of August 2026, 25% as per the market regulator's rules. (Delhi-based Punjab & Sind Bank is 98.25 per cent) NPCI has launched Bharat Aadhaar Seeding Enabler (BASE) platform to facilitate Direct Benefit Transfer by enabling the citizens to carry out certain activities in digital mode A bank should apply due diligence when onboarding new AePS Touchpoint Operators and periodically update KYC for operators who have been inactive for six months Bank locker agreement Under the updated bank locker agreement, you are allowed to store valuable items such as jewellery, important documents, property papers, birth or marriage certificates, insurance policies, savings bonds, and other confidential materials in bank lockers. The revised guidelines specify that cash and currency are not permitted in bank lockers Banks are held accountable for losses resulting from their own failures, negligence, or fraudulent actions by employees In such cases, the bank is required to compensate the customer with an amount equivalent to one hundred times the annual locker rent. For example, if the annual rent is Rs 4,000, the bank’s liability would be up to Rs 4 lakh Pradhan Mantri JI-VAN Yojana The objectives of the scheme are to establish commercially viable projects for 2G Ethanol production, provide remunerative income to farmers and warrant financial assistance to achieve commercial viability & promote Research & Development in the sector. APEDA facilitated the export of India's first ready-to-drink fig juice, made from GI-tagged Purandar Figs, to Poland “Women and Men in India 2023” Report Sex ratio in India is expected to improve to 952 women per 1000 men by 2036 By 2036, the population of India is expected to reach 152.2 crore only 20.8% or around a fifth of the total amount of bank deposits in India belongs to women account holders According to the Sovereign Wealth Fund Institute (SWFI), the Reserve Bank of India (RBI), India’s central banking institution, ranks 12th among the world’s central banks by total assets ( 70.47 lakh crore) Retail inflation based on the consumer price index (CPI) rose by 3.54% in July, its lowest in 59 months months Punjab National Bank has launched a new debit card called the ANTAH DRISHTI Braille Debit Card, specifically designed for visually impaired customers. Paris Olympic 2024 Top 5 country USA (126) , China (91), Japan, Australia, France Hockey legend PR Sreejesh and shooter Manu Bhaker have been named as joint flag-bearers for India at the Paris 2024 Olympics Closing Ceremony. The Indian men’s hockey team defeated Spain 2-1 to win the bronze medal at the Paris 2024 Olympics.  Arshad Nadeem(92.97) of Pakistan won the gold medal in the men's javelin final at the Paris Olympics 2024. (Neeraj Chopra Distance 89.49m Manu Bhaker became the first Indian female shooter to win a medal in the Olympics 10m air pistol.This achievement is historic as it is the first Olympic medal in shooting for India since 2012 Bilquis Mir from Jammu and Kashmir made history as India’s first female jury member at the Summer Olympics in Paris slogan for the 2024 Paris Olympics Games Wide Open PV Sindhu female flag-bearer for India in the opening ceremony of Paris Olympics 2024 Russia and Belarus have been banned from participating in the 2024 Olympic Games in Paris Breakdancing is set to make its debut at the 2024 Paris Olympic Games YES Bank partners with the Indian Olympic Association (IOA) as the official banking partner for the Indian Olympic team for the Paris Olympics 2024 Adani Group principal sponsor for Team India at the Paris Olympics 2024 Italy. Host 2026 Winter Olympics 2028 Summer Olympics will be hosted in Los Angeles. Kabilan Sai Ashok has made history as India's youngest Olympic boxing referee at the Paris 2024 Olympics Flag-bearers for the Paris 2024 Paralympics Opening Ceremony Sumit Antil & Bhagyashri Jadhav She became the first Indian woman wrestler to win a gold medal at the Asian Games in 2018 The Paris 2024 Olympics will officially flag off with a historic Opening Ceremony on the river Seine 32 sports Jyothi Yarraji will become the first Indian to compete in the Olympics 100m hurdle. Indira Gandhi International Airport has become the country's first airport to get the net zero carbon emission status under the Airport Council International's accreditation programme. World Elephant Day 2024 August 12 International Youth Day 12 August Ram Narain Agarwal (Father of Agni Missiles) , Padma Bhusan received in 2000 Unified Pension Scheme (UPS) 1) The UPS promises government employees 50% of their last drawn pay as a lifelong monthly pension 2) A minimum pension of ₹10,000 per month is assured for those who complete at least 10 years of central government service 3) In the event of a government employee’s death, the family is assured a pension equivalent to 60% of the employee’s pension 4) The employees will be eligible to get the amount, which will be 50% of average basic pay of 12 months before retirement 5) The second of UPS is assured family pension. The spouse of the demise pensioner will be eligible for 60% of the amount, which is immediately before his/her demise. 6) The third pillar of UPS is an assured minimum pension of Rs 10,000. The employees who have given at least 10 years of service in central government will be eligible to get a minimum pension of Rs 10,000 7) The scheme is contributory, requiring: Employees to contribute 10% of their salary. The government is to contribute 5% of the salary 8) Former finance secretary Somanathan, who headed the committee set up in March 2023 to review the National Pension System (NPS) 9) Union Government is set to roll out the Unified Pension System (UPS) from April 1, 2025 to give fixed, inflation-linked pensions to subscribers RHUMI 1 1) It is India’s first reusable hybrid rocket. 2) It was developed by the Tamil Nadu-based startup Space Zone India in collaboration with Martin Group 3) It stands out for its innovative hybrid propulsion system, combining the advantages of both liquid and solid fuels ICC Women’s T20 World Cup 2024 will be moved from Bangladesh to the United Arab Emirates. India's next Permanent Representative to the United Nations Parvathaneni Harish (India's ambassador to Germany) Brand Finance ‘Food & Drink 2024’, Amul has been ranked as the strongest food brand in the world (fourth consecutive year) UPI Circle 1) UPI Circle is a delegated payment feature that allows a primary UPI user to link with trusted secondary users  2) Primary user can delegate up to 5 secondary users 3) Maximum monthly limit of ₹15,000 per delegation and a maximum per transaction limit of ₹5,000 for full delegation is provided under upi circle 4) Cooling period of 24 hours with a daily transaction limit of ₹5,000 has been prescribed under upi circle UBS AG Headquarter Switzerland Credit Suisse AG Headquarter Switzerland According to New Banking Laws (Amendment) Bill, 2024 Government has proposed in the Bill is to increase the number of nominees allowed per bank account from the current limit of one to Four If the money in the account remains unpaid or unclaimed for seven years, it is transferred to the Investor Education and Protection Fund (IEPF). The Bill widens the ambit of the funds that can be transferred to the IEPF South Korean Sports University for setting up a sports university in Hyderabad The Ministry of Home Affairs (MHA) has announced the creation of five new districts in the union territory Ladakh (total), Zanskar, Drass, Sham, Nubra, and Changthang The Indian government has earmarked financial incentives to promote land-related reforms across states, allocating Rs 10,000 crore for these efforts in rural and urban areas during the financial year 2024-25 “titan” of Indian politics M. Karunanidh Pradhan Mantri Jan-Dhan Yojana 1) total PMJDY Accounts: 53.13 crore; 55.6% (29.56 crore) Jan-Dhan account holders are women and 66.6% (35.37 crore) Jan Dhan accounts are in rural and semi-urban areas 2) Any Indian citizen eligible to open a regular bank account can open a Basic Savings Bank Deposit Account (BSBDA) under the PMJDY scheme 3) Under PMJDY, beneficiaries are issued a free RuPay debit card, which comes with an inbuilt accident insurance cover of Rs. 2 lakhs 4) Total deposit balances under PMJDY Accounts stand at Rs. 2,31,236 crore 5) Beneficiaries of PMJDY can avail themselves of an overdraft (OD) facility up to Rs. 10,000/, providing them with emergency access to funds University of Southampton has become the first international university which has been granted the right to establish a comprehensive campus in India under the National Education Policy (NEP) 2020 Vadhvan Port The port is set to become one of India’s largest deep-water ports, with a total project cost of Rs 76,220 crore Karnataka has the highest number of public electric vehicle (EV) charging stations in the country. Maharashtra has became the first state to implement the Unified Pension Scheme (UPS) for state government employees Manyachiwadi, a village in Satara district, has become the first village in the state to be electrified 100 per cent by solar power. Unified Lending Interface 1) It is a platform to transfer credit to small and rural borrowers, catering to the large unmet demand across various sectors 2) The combination of JAM (Jan Dhan-Aadhaar-Mobile), UPI, and ULI is described as a “new trinity” that will drive India’s digital infrastructure forward 3) ULI is primarily for financial institutions and credit entities 4) The platform will reduce the complexity of multiple technical integrations, and will enable borrowers to get the benefit of seamless delivery of credit, and quicker turnaround time without requiring extensive documentation 5) Unified Lending Interface (ULI) is a platform developed by the Reserve Bank Innovation Hub (RBIH) 6) Fintech Association for Consumer Empowerment (FACE) has been recognised as the first Self-Regulating Organisation in the FinTech sector (SRO-FT) 7) minimum net worth of Rs 2 crore within a period of one year after being recognised as SRO-FT by RBI or before the commencement of such operations. Reserve Bank of India Consumer Confidence Survey conducted regularly in 19 cities, M/s Hansa Research Group Pvt. Ltd., Mumbai has been engaged to conduct the survey of this round on behalf of the Reserve Bank of India 1) general economic situation 2) employment scenario 3) price level households’ income and spending. Section 45ZL of the Reserve Bank of India Act, 1934, the Reserve Bank published the minutes of the proceedings, 14th day after the meeting of the MPC. (Ashima Goyal,Jayanth R. Varma) Hockey Women’s Asian Champions Trophy 2024 will be held in Rajgir Avani Lekhara,made history by becoming the first Indian woman to secure two Paralympic gold medals(Women's 10m air rifle) Next ICC chairman Jay Shah ( fifth Indian) The Competition Commission of India (CCI) approved the mega $8.5 billion merger between Reliance Industries Limited and Disney’s Indian media assets.