August General Awareness

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Banking & Finance

1. RBI Update on ₹2,000 Notes Withdrawal
• Data by July 31, 2024
• 97.92% of ₹2,000 notes have been withdrawn
• ₹7,409 crore in circulation
2. RBI imposes penalties on five co-operative banks for regulatory non-compliance

• Fine imposed on:
o Urban Co-operative Bank Ltd., Mainpuri, Uttar Pradesh (₹5 lakh)
o Nagnath Urban Co-operative Bank Limited, Hingoli, Maharashtra (₹1 lakh)
o Shrikrishna Co-operative Bank Limited, Umrer, Maharashtra (₹2.08 lakh)
o Alibag Co-operative Urban Bank Limited, Alibag, Maharashtra (₹2 lakh)
o Hindusthan Co-operative Bank Limited, Mumbai, Maharashtra (₹4 lakh)
o Reason:
o For not complying with the RBI's directions on investments by primary (urban) co-operative banks.
o Failed to transfer the eligible amount to the Depositor Education and Awareness Fund within the
prescribed timeframe.
o Non-compliance with directions regarding loans and advances to directors and their relatives.
o Non-compliance with management of advances directions.
o Failing to comply with multiple directives, including exposure norms and KYC requirements.
3. Forex reserves decline by $3.47 bn to $667.386 bn

• Data by: July 26, 2024
• Status of India's foreign exchange reserves: Decline
• Current week amount: $667.39 billion
• Previous week amount: $670.86 billion
4. SBI and Canara Bank to raise 19000 crore via Bonds

• Name of Bank : SBI, Bond Value : 15000 crore, Tier 2
bonds
• Name of Bank : Canara Bank, Bond Value : 4000 crore,
Additional Tier 1 Bonds.
5. Rapido becomes unicorn with $120 million fresh funding from WestBridge

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• Name of company : Rapido

• Unicorn : privately owned startup valued at over $1
billion.
• Related Unicorns : Ola, Uber and Namma Yatri.
• Unicorn status through Series E Funding.
• Rapido was founded in 2015
• Unicorns in 2024 : Perfios, Krutrim AI
• Unicorns in 2023 : Zepto and InCred Wealth.
• Total Unicorns : 115, 114 (Excluding BYJU’s)
• First Unicorn : InMobi
6. UPI Transactions Soar to ₹20.64 Lakh Crore in July 2024

• UPI - July 2024 (Volume) : 20.64 lak crore
• UPI - July 2024 (Value) : 14.44 billion
• Data released : NPCI
• Average Daily Transaction : 466 million
• New User/Month : 60 lakh
• UPI is a part of India Stack.
• UPI : FY24 : 80% non-cash retail transactions, FY26 : 90% non-cash retail transactions : BCG.
7. Sovereign Gold Bond 2016' to yield 12% return on maturity on August 5

• The upcoming tranche of the Sovereign Gold Bond (SGB) scheme is scheduled for redemption on August 5,
2024.
• These bonds, initially issued on August 5, 2016, had a holding period of eight years.
• The returns to investors are approximately 12 per cent per annum, net of income tax.
• The SGB scheme, launched in November, 2015, was designed to provide a secure and convenient alternative
to physical gold.
• Tax implications
• SGBs will be considered as long-term capital assets if held for more than 12 months.
• SGBs transferred on or after July 23, 2024 will be taxed at the rate of 12.5% under section 112 without any
indexation benefits.
8. Ransomware attack disrupts at least 150-200 cooperative banks, RRBs

• Name of Company : C-Edge Technologies Ltd
• C-Edge is a joint venture between Tata Consultancy Services Ltd. (TCS) and State Bank of India (SBI).
• Ransomware : It is a malware that permanently blocks access to the victim's personal data unless a "ransom"
is paid.

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9. RBI releases draft rules for Aadhar based payment operators
• The Reserve Bank draft rules on the due diligence to

be carried out for Aadhar-enabled Payment System
(AePS) touchpoint operators by lenders
• Aim: To prevent frauds
• The proposals focus on streamlining the process for
onboarding of AePS touchpoint operators and
ongoing due diligence.
• Proposed:
• An acquiring bank shall carry out due diligence of all
AePS touchpoint operators onboarded by it
• It also carry out updation of KYC (Know Your
Customer) in cases where an AePS touchpoint operator has not performed any financial transaction for a
continuous period of six months.
• The NPCI (National Payments Corporation of India) and acquiring banks to ensure that any AePS touchpoint
operator is onboarded only by one acquiring bank.
• Asks for transaction limits to be set for AePS touchpoint operators based on their risk profile.
10. PNB MetLife launches of Bharat Manufacturing Fund in ULIP segment

• PNB MetLife India Insurance Company Limited has launched the Bharat Manufacturing Fund
• Aim: To offer policyholders an opportunity to invest in India's manufacturing sector.
• The fund will be available as part of the company's Unit Linked Insurance Plan (ULIP).
• It will be available at an initial unit price of Rs 10 during the New Fund Launch period from August 1 to August
15.
• A ULIP is a combination of life insurance and investment.
11. Retail credit growth moderates to 16.6% in June 2024: RBI data
• The retail loan growth declined to 16.6% year-on-year (YoY) in June 2024 from 21.3% a year ago
• Reason: Due to sharp moderation in credit in the personal loan segment
• The growth in the other personal loan category, which consists mainly of unsecured credit, fell sharply to
13.2% YoY in June 2024.
• However, credit growth to ‘housing,’ the largest constituent of the segment, accelerated to 18.2% YoY.
12. Most fintech, banking apps tap into users' location, other information
• Report on Currency and Finance
• Report by: The RBI
• More than 70% of the financial technology (fintech) and banking applications (apps) analyzed in a Reserve
Bank of India report have access to crucial user information such as media and storage on communication
devices and can track their location.
• Highlighted that fintech apps often collect personal data, potentially invading users’ privacy.
• To mitigate this issue, the Store evaluates the data and privacy policies of banks and fintech companies before
granting app permissions.
13. RBI issues final directions on cybersecurity controls for non-bank PSOs
• The Reserve Bank of India (RBI) issued final guidelines on cyber resilience and digital payment security
controls for non-bank payment system operators (PSOs).

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• It has mandated different timelines for these entities, based on their sizes, to set up necessary compliance
structures.
• These directions come into effect on July 30.
• Large non-bank PSOs such as Clearing Corporation of India Limited (CCIL), National Payments Corporation of
India (NPCI), Bharat Bill Payment Operating Units (BBPOUs), and Payment Aggregators (PAs), among others,
need to abide by the directions by April 2025.
• Medium non-bank PSOs such as cross-border (in-bound) money transfer operators under the Money Transfer
Service Scheme (MTSS) and medium prepaid payment instrument (PPI) issuers have time until April 2026.
• Small PPI issuers and instant money transfer operators are required to comply with the guidelines by April
2028.
• According to the guidelines, entities are required to report incidents such as cyber-attacks, outages of critical
systems, internal frauds, settlement delays, among others, to the RBI within six hours of the detection of the
attack.
• Cyber security incidents are required to be reported to CERT-IN.
• Additionally, the Board of Directors of the PSO would be responsible for ensuring adequate oversight over
information security risks, including cyber risk and resilience.
• Such entities would also be required to prepare a board-approved cyber crisis management plan (CCMP) to
detect, contain, respond, and recover from cyber threats and attacks.
14. RBI's new norms on wilful defaulters to come into effect from Nov 1
• The Reserve Bank of India has asked lenders to examine wilful defaulters in all Non-Performing Assets (NPA)
accounts with an outstanding amount of Rs 25 lakh and above and said the process should be completed in six
months.
• The new norms will come into force after 90 days, that is, from November 1, 2024.
• A borrower can be identified as a wilful defaulter when the borrower has the capacity to pay but has not
honoured the obligation, or has diverted, siphoned funds, or disposed of assets that were provided for securing
loans without the approval of the lender, among others.
• The RBI said an identification committee should examine the evidence of wilful default.
• If the panel is satisfied about the event of wilful default, it should issue a show-cause notice to the
borrower/guarantor/promoter/director/persons responsible for the management of the affairs of the entity.
• The identification of the wilful default should be made keeping in view the track record of the borrowers and
should not be decided on the basis of isolated transactions/incidents.
15. SIDBI partners C2treds, UGRO Capital to facilitate loans to MSME sector
• Small Industries Development Bank of India (Sidbi) has

partnered with C2treds and UGRO Capital to facilitate
loans to the MSME sector.
• Sidbi has onboarded C2treds, a platform that offers MSMEs
liquidity within 24 hours through an online bidding
process.
• C2treds operates under the Trade Receivables Discounting
System (TReDS) initiative which enables the discounting of
invoices and is regulated by the Reserve Bank of India
(RBI) to support the MSME sector in India.
• UGRO Capital is a datatech NBFC and co-lender in the
MSME segment
16. ICICI Bank revamps lounge access plan for 19 debit cards

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• ICICI Bank has announced changes to its airport lounge access

programme for selected 19 debit cards.
• The new policy, slated to take effect from October 1, 2024.
• Introduces a spending-based eligibility criterion for
complimentary airport lounge visits.
• Under the revised program, cardholders can earn two
complimentary domestic airport lounge accesses by spending at least Rs 10,000 in the preceding calendar
quarter.
• This spending will unlock lounge access for the subsequent quarter.
17. RBI issues norms to improve safety of payment systems with fraud monitoring
• The RBI non-bank payment system operators will have to put in place a real-time fraud monitoring solution
to identify suspicious transactional behaviour and generate alerts.
• Also, non-bank payment system operators (PSOs) will have to ensure that an online session on mobile
application is automatically terminated after a fixed period of inactivity and customers are prompted to re-
login.
18. RBI issues PCA framework for Primary (Urban) Co-operative Banks
• The Reserve Bank of India issued a Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-
operative Banks (UCBs)
• Effective from April 1, 2025.
• Aim: To bring about desired improvements in weak UCBs and UCBs that are experiencing financial stress.
• This PCA framework shall replace the Supervisory Action Framework (SAF).
• The hard-coded limit of Rs 25,000/- for restrictions on capital expenditure by UCBs under SAF has been
dispensed with.
• The revised framework enables the Supervisors to decide the limit depending upon their assessment of each
entity.
• The PCA Framework has been made applicable to all UCBs in Tier 2, Tier 3 and Tier 4, except UCBs under All
Inclusive Directions (AID).
• RBI classifies UCBs as:
o Tier-I (deposits up to ₹100 crore)
o Tier-2 (more than ₹100 crore and up to ₹1,000 crore)
o Tier-3 (deposits more than ₹1,000 crore and up to ₹10,000 crore)
o Tier-4 (above ₹10,000 crore)

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19. Digital payments rise 12.6% at March-end 2024: RBI
• Digital payments across the country registered a 12.6 percent on-year rise as of
March 31, 2024.
• It measures the adoption of online transactions.
• RBI’s Digital Payments Index (RBI-DPI) stood at 445.5 at the end of March 2024
compared to 418.77 in September 2023 and 395.57 in March 2023.
• March 2018 as a base to capture the extent of digitisation of payments across the
country.
• These parameters are
o Payment Enablers (weightage 25 per cent);
o Payment Infrastructure – Demand-side factors (10 per cent);
o Payment Infrastructure – Supply-side factors (15 per cent);
o Payment Performance (45 per cent);
o Consumer Centricity (5 per cent).
20. Board of Equitas Small Finance Bank approves capital raising up to Rs 1,000 cr
• The Board of Equitas Small Finance Bank has approved raising of capital for an amount not exceeding Rs.1,000
crore
• Reason: For augmenting Tier-II capital and for general corporate purposes
• The overall borrowing limits of the Bank, through issuance of Redeemable Unsecured Non-Convertible
Debentures / Bonds / other debt securities on a private placement basis, subject to approval from the
Shareholders of the Bank and approvals from the regulatory authorities, as may be required.
21. Sebi bans Vijay Mallya from market for 3 years for rigging
• The markets regulator Sebi has barred fugitive businessman and ex-liquor baron Vijay Mallya from the
securities markets for three years.
• SEBI has also restrained him from associating with any listed firm for a similar period for routing funds to the
securities market using his overseas bank accounts with the Swiss bank UBS.
• A Sebi investigation covering January 2006 to March 2008 has found that Mallya used Matterhorn Ventures, a
foreign institutional investor, to secretly trade in the shares of his group companies--Herbertsons and United
Spirits--by routing funds through various overseas accounts.’
22. PSBs charged Rs 2k cr in FY24 for not keeping minimum balance

• State run banks have charged depositors ₹2,331 crore penalty for non-maintenance quarterly or monthly
average balance in FY24
• The minister of state in the finance ministry, Pankaj Chaudhary informed the Lok Sabha.
• This is 25% higher than the amount charged by banks in the previous year.

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• Punjab National Bank charged the highest sum of ₹633 crore followed by Bank of Baroda at ₹386 crore for
non-maintenance quarterly balance.
23. Fintech personal loan sizes decrease as youth borrowing rises: RBI Report
• Report on currency and finance by the Reserve Bank of India.
• The average ticket size of personal loans disbursed by fintechs has consistently decreased over the past two
years, as the percentage of young borrowers increases.
• A 59% of the total loans disbursed by fintechs were given to users below the age of thirty, and the average
ticket size of personal loans decreased to Rs 9,861 in the first half of fiscal 24, from Rs 10,955 in fiscal 22.
• FinTech loan originations mainly include personal loans followed by business and consumer loans.
• They mainly cater to small value personal loans with 68% of personal loans falling in the category of less than
Rs 5,000 in 2022-23.
24. Banks face seven-year backlog in debt recovery cases

• Banks are dealing with a massive backlog in debt recovery cases, which will take seven years to clear at the
current pace.
• Over 2 lakh cases are pending in Debt Recovery Tribunals (DRTs), which currently handle about 30,000-
40,000 cases annually.
• This means the existing pace is insufficient to clear the backlog, which could take seven years to resolve,
experts say.
• In its initial years, DRT recovery which is now in single digit, used to be as high as 77% in 2005-06.
• In March 2016, the non-performing assets (NPAs) of banks had risen to 14.5%, prompting the government to
implement several measures, including amending recovery laws and enacting the IBC. These measures have
helped reduce NPAs to 2.8% by March 2024.
25. India's average data breach cost topped $2 million in 2023: RBI report
• The average cost of a data breach in India jumped 28% between 2020 and 2023 to little more than $2 million
• According to the Reserve Bank of India's (RBI) report on currency and finance released.
• Phishing attacks are the most common, with a 22% share, followed by 16% for stolen or compromised
credentials.
• The rise in attacks comes as India has seen significant growth in the digital economy, which currently accounts
for about 10% of the country's gross domestic product (GDP) and is expected to double to 20% by 2026.
• India leads the world in real-time payments, accounting for 48.5% of the global market
• Domestic digital payments have recorded a compound annual growth rate (CAGR) of 50% and 10% in volume
and value terms, respectively, since financial year 2017-2018.
26. Government estimates its total debt to increase to Rs 185 trn in FY25
• The government estimates its debt, including external borrowing, valued at current exchange rate and public
account and other liabilities will increase to Rs 185 trillion, or 56.8 per cent of the GDP, during the current
fiscal year.
• The total debt stood at Rs 171.78 trillion, or 58.2 per cent of the gross domestic product (GDP), at the end of
March 2024
• Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha.
• As per the International Monetary Fund, World Economic Outlook, April 2024, India's Gross Domestic Product
at current prices has already reached $ 3.57 trillion in 2023-24.
27. Cross-border UPI payments in Nepal cross 100,000 within six months

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• UPI payments in Nepal have surpassed 1,00,000 person-to-merchant (P2M) transactions in less than six
months since the launch in the South Asian country.
• Collab between: NIPL and Nepalese payments network FonePay
• Aim: To enable QR-code-based person-tomerchant (P2M) UPI transactions between Nepal and India.
• At present, UPI is accepted in countries such as Bhutan, France, Mauritius, Singapore, Sri Lanka, and the United
Arab Emirates.
28. L&T Finance Receives RBI Certificate For NBFC-ICC Status

a. NBFC-ICC refers to: Non-banking financial company (investment and credit company)
b. License given to: L&T Finance Ltd
c. Given by: RBI
d. The NBFC was earlier registered as an NBFCCore Investment Company.
e. However, after the company's merger with its wholly owned subsidiaries, L&T Finance, L&T Infra Credit
Ltd. and L&T Mutual Fund Trustee Ltd., the company applied for conversion from an NBFC-CIC to an
NBFC-ICC.
29. NSE’s Registered Investor Base Surpasses 10 Crore Milestone for the First Time
• Unique registered investor base surpassing the 10-crore mark for the
first time
• Achieved by: National Stock Exchange (NSE)
• Under 30 years: 40%
• Female: over 20%
• Uttar Pradesh and Maharashtra remain the top states for new investor
registrations 5. RBI extends Kisan Credit Card interest subvention
scheme
• Modified Interest Subvention Scheme (MISS) • Aim: Short-term loans availed through the Kisan Credit Card
(KCC) for agriculture and allied activities
• Revised limit: up to ₹3 lakh
• For farmers engaged solely in allied activities, the maximum sub-limit is ₹2 lakh.
• Reason: To support farmers by offering concessional interest rates on loans
• Concessional interest rate of 7% per annum
• Subvention of 1.50%
• All claims, certified by statutory auditors, should be uploaded to the KRP module by June 30, 2025.
30. Top 10 richest global central banks in 2024
• Data by: Sovereign Wealth Fund Institute.
a. Topped by: Federal Reserve System of the United States of America ranks as the world's richest central
bank, with assets worth $7.84 trillion
b. India's ranking: RBI ranks 12th
c. The Reserve Bank of India (RBI) balance sheet grew by 11.08% year on year to Rs 70.47 trillion as of
March 31, 2024, owing to its liquidity and foreign currency (forex) activities.
31. RBI August 2024 MPC Meeting Highlights
a. Benchmark interest rates at 6.5% by a 4:2 majority (ninth consecutive instance of unchanged rates)
b. Marginal Standing Facility (MSF): 6.75%
c. Standard Deposit Facility (SDF) rates: 6.25%

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d. Real GDP growth for 2024-25 is projected at 7.2%
e. Q1 at 7.1 per cent;
f. Q2 at 7.2 per cent;
g. Q3 at 7.3 per cent;
h. Q4 at 7.2 per cent
i. Real GDP growth for Q1:2025-26 is projected at 7.2 per cent.
j. Retail inflation projection also retained at 4.5% for FY’25
k. Forex reserves rises to historic high of $675 billion
l. Limit for tax payments through UPI raised from ₹1 lakh to ₹5 lakh per transaction
m. Proposes steps to speed up cheque clearance
n. Introduce ‘Delegated Payments’ through UPI
o. Note:
Headline inflation (June 2024): Increased to 5.1 per cent
Core (CPI excluding food and fuel) inflation (May-June 2024): 3.1%
p. June inflation rose to 5.08%
32. LTCG rules for unlisted shares for NRIs changed
a. Budget 2024:
b. Introduction of flat rate of 12.5% as the LTCG tax rate for all asset classes.
c. New proposed rules:
d. NRIs are required to pay tax at 12.5% on LTCG from unlisted shares.
e. Removed: Allowing foreign currency adjustment to NRIs on LTCG arising from sale of unlisted shares.
f. Note: The short-term capital gains on stocks, equity funds, and units of business trust (InvIT and REIT)
will be taxed at 20% as against 15% earlier.
33. SEBI fines Nippon Life India AMC

a. Fine imposed on:Nippon Life India Asset
Management Limited and Nippon Life
India Trustee Limited
Fine amount:
b. Rs 2 lakh on Nippon Life India Asset
Management Limited
c. Rs 1 lakh on Nippon Life India Trustee
Limited
Reason:
d. Violation of total expense ratio (TER)
norms prescribed by the regulator.
e. The trustee was penalised after the
regulator found that it did not ensure
compliance by the fund house.

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34. IBBI introduces self-regulatory guidelines for
committee of creditors
a. Introduction of: Guidelines for the
Committee of Creditors (CoC)
b. Issued by: Insolvency and Bankruptcy Board
of India (IBBI)
c. Aim: To stem the value erosion that occurs
due to delay in procedures and bring more
transparency to the process.
d. The self-regulating guidelines require the
CoC to maintain integrity, confidentiality,
and objectivity during the decision-
making process and disclose any conflict of
interest.
e. The CoC must keep themselves updated with the provisions of the (Insolvency
and • Points, ticks, and pips are all used when Bankruptcy) Code, rules and regulations
describing price changes in financial markets.
35. Karnataka Bank accepts GST payments through UPI mode
a. Context: Live in accepting GST payments through UPI

b. Name of Bank: Karnataka Bank
c. Claim: Karnataka Bank is one of the first Banks to extend GST payment through UPI mode.
d. Maximum limit permitted under UPI mode is Rs 1 lakh
e. There is no upper limit in Internet Banking facility for GST payments.
f. Note: Karnataka Bank is already accepting GST payments through its branches and on Internet Banking
facility on behalf of CBIC.
36.Sebi looks to further tighten the noose around participatory notes

• Context: Tighten the noose around participatory notes (p-notes) or offshore derivatives instruments (ODIs)
• How: By imposing a complete ban from using the derivatives market.
• By whom: SEBI
• Current status: p-notes can use the derivatives market only for hedging purposes
• Further, SEBI has proposed mandating pnotes to provide granular disclosures around their ultimate beneficial
owners (BOs), which currently only FPIs have to provide.
• The regulator has proposed that existing derivatives exposure of p-notes will be required to be redeemed
within a year once these proposed norms are made effective.
37. RBI asks banks to provide short term crop loans to farmers
• Scheme: Modified Interest Subvention Scheme
• The Reserve Bank has asked banks to provide short term crop loans and short term loans for allied activities.
• Including: Animal husbandry, dairy, fisheries, beekeeping etc
• Maximum limit: upto an overall limit of 3 lakh rupees to farmers at an interest rate of 7 percent.
• The rate of interest subvention to lending institutions will be 1.5 percent for 2024-25.
• An additional interest subvention of 3 percent should be provided to farmers who repay loans in time.
• RBI has added that Aadhaar linkage would be mandatory for availing the short-term loans.

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38. Banks write off loans worth Rs 9.90 lakh cr in last 5 financial years
• Banks have written off loans worth Rs 9.90 lakh crore (in last five years)
• Banks loan write off was at Rs 1.70 lakh crore. (2023-24)
• Write-off was highest at Rs 2.34 lakh crore (2019-20)
• As per the Reserve Bank of India (RBI) data, Gross NPAs (GNPA) of Scheduled Commercial Banks (SCBs) was
Rs 4,80,687 crore (GNPA ratio of 2.75 per cent) as on March 31, 2024 (provisional data).
• The capital position (CRAR) of SCBs has improved to 16.84 per cent as on March 31, 2024.
39. DBS Bank India launches exclusive banking program for senior citizens
a. Launched: "DBS Golden Circle"

b. A priority banking program for senior citizens.
c. Designed for: Resident Indian citizens
d. Age: 60 and above
e. Offer: Aattractive interest rates on savings accounts
and fixed deposits, enhanced security features, and
personalised financial services to address income
insecurity, which is a significant concern for the elderly
f. Cyber insurance coverage up to Rs 1,00,000
g. Earn up to 7% interest per annum on savings account balances above Rs 4 Lakhs and up to Rs 5 Lakhs.
40. Credit on UPI touched ₹10,000 crore
• Credit cards spends via the unified payments interface (UPI) have touched Rs.10,000 crore.
• Credit line on UPI are the pre approved loans, which are small ticket, short tenured loans.
• As of now, ICICI bank is the leading bank in disbursing pre approved loans via credit line on UPI.
41. RBI cancels licence of 78 UCBs since 2014

• Information shared by: Pankaj Chaudhary, Union Minister of State for Finance
• Total cancellation of UCBs license: 78 (Since
2014)
• Highest: Maharashtra (46%)
• Canceled by: The RBI
• In 2023, licenses of 14 UCBs and in 2022 licenses of 12 UCBs were cancelled.
• RBI has mandated a phased approach for Urban Cooperative Banks (UCBs) to comply with a Priority Sector
Lending (PSL) target of 75 per cent of adjusted net bank credit (ANBC) or credit equivalent amount of
offbalance sheet exposure (CEOBSE) by March 31, 2026.
• UCBs have to adhere to prudential exposure limits of 15 per cent for a single borrower/party and 25 per
cent for a group of connected borrowers/parties, based on their Tier-I capital.
• Additionally, at least 50 per cent of their loans must be in amounts not exceeding ₹25 lakh or 0.2 per cent of
Tier-capital, up to a maximum of ₹1 crore per borrower/party.
42. Banking Laws (Amendment) Bill introduced in Lok Sabha

• Introduction of the Banking Laws (Amendment) Bill, 2024 in Lok Sabha

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•
43. India and Maldives sign MoU to introduce UPI in island nation
• India and the Maldives have signed an agreement to introduce the Unified Payments
Interface (UPI) in the island nation.
44. RBI directs deposit taking HFCs to maintain 15% as liquid fund
• Context: Tightened norms related to public deposit acceptance by housing finance companies (HFCs)
• Tightened by: Reserve Bank of India (RBI)
• Revised guidelines:
• The RBI has reduced the ceiling on the quantum of public deposits that a deposit-taking HFC, which is in
compliance with all prudential norms and minimum investment grade credit rating, can hold — from 3 times
to 1.5 times its net owned fund (NoF).
• As a result, deposit-taking HFCs holding deposits in excess of the revised limit will not accept fresh public
deposits or renew existing deposits till they conform to the revised limit.
• However, the existing excess deposits will be allowed to run off till maturity.
• Deposit-taking HFCs to maintain, on an ongoing basis, liquid assets to the extent of 15 per cent of public
deposits held by them, in a phased manner.
• Public deposits accepted or renewed by HFCs have to be repayable after a period of 12 months or more but
not later than 60 months.
• But, existing deposits with maturities above 60 months can be repaid as per their repayment profile.
45. RBI penalises CSB Bank, Union Bank of India, others for norms violation

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• CSB Bank (Rs 1.86 crore)
• For non-compliance with certain directions issued by the RBI on 'Guidelines on Managing Risks and Code of
Conduct in Outsourcing of Financial Services by banks' and 'Master Circular on Branch Authorisation'.
• Union Bank of India (Rs 1.06 crore)
• For non-compliance with certain norms on 'Creation of a Central Repository of Large Common Exposures-
Across Banks' and 'Know Your Customer (KYC)'
• Muthoot Housing Finance Company (5 lakh)
• For non-compliance with certain provisions of the 'Non-Banking Financial Company - Housing Finance
Company (Reserve Bank) Directions, 2021'.
46. Revenue for Indian API companies to grow at 7-8% CAGR by 2029: ICRA
• ICRA projected that the revenue of its sample set of Indian active pharmaceutical ingredients (API) producing
firms is set to grow at a compound annual growth rate (CAGR) of 7 to 8 per cent by 2029.
• The revenues to rise from an estimated size of $13 to 14 billion in 2023
• Driven by rising demand and softening raw material prices.
• ICRA’s sample set of API firms includes ten companies.
47. Retail inflation eases to nearly five year low of 3.54 percent in July
• Retail inflation for July this year eased to 59 months low of 3.54 per cent on a year-on-year basis.
• As per the data, last month, food inflation was 5.42 per cent.
• Rural inflation for the reported period stood at 4.10 per cent while for urban areas it was 2.98 percent.
48. India’s IIP Records 4.2% Growth in June 2024

• India’s IIP records a growth of 4.2 per cent in June 2024
• Further, the growth rates of the three sectors, Mining, Manufacturing and Electricity have registered a growth
of 10.3 per cent, 2.6 per cent and 8.6 per cent for June 2024.
49. NBFCs to return full cash deposit within first 3 months in case of emergency
• Context: Premature withdrawal by depositors
• Mandate by: RBI
• Mandate to: Non-banking Financial Companies (NBFC)
Case:
• In case of emergency:
• 100% withdrawal to deposit amount within the first three months.
• Note: No interest will be paid
• In case of withdraw for any other reason:
• 50% withdrawal to deposit amount within the first three months.
• OR
• 5 lakh rupees, whichever is lower
• Note: No interest will be paid
• RBI has further asked NBFCs to intimate depositors about a maturity 14 days ahead as against the present
regulations stipulating it at two months.
• Effective from: 1st January, 2025

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50. PNB Launches Special Braille Debit Card
• Launch of: ANTAH DRISHTI Braille Debit Card

• Launched by: Punjab National Bank
• Target customer: Visually Impaired Customers
• This contactless RuPay card features Braille embossing,
a rounded notch, and contrasting colors for easier use.
• Transaction Limits
• ATM Withdrawals: Up to Rs 25,000 per day.
• PoS and eCommerce Transactions: Combined daily limit
of Rs 60,000.
• Contactless Transactions: Individual transactions up to Rs 5,000 can be completed without a PIN at NFC-
enabled POS terminals, with a daily limit of Rs 5,000.
51. Net Direct Tax Collection Up 22.5% to Rs 6.93 Trillion

• Data by: 11th August 2024
• India’s net direct tax collection rose 22.5% to Rs 6.93 trillion from April 1 to August 11, FY25.
• Personal income-tax (PIT) contributed significantly, with PIT collections at Rs 4.47 trillion, surpassing
corporation tax which grew by 5.7% to Rs 2.2 trillion.
• Corporation Tax
• Current Collection: Rs 2.2 trillion
• Growth Rate: 5.7%
• Target Growth Rate: 12%
• Refunds and Gross Collection
• Direct Tax Refunds: Rs 1.20 trillion (up 33.49% from Rs 90,028 crore in FY24)
• Gross Collection (before refunds): Rs 8.13 trillion (up 23.99% from the previous financial year)
• Government Targets
• Gross Tax Revenue for FY25: Rs 38.40 trillion
• Direct Taxes Target: Rs 22.07 trillion
• Indirect Taxes Target: Rs 16.33 trillion
• FY24 Net Direct Tax Collection: Rs 19.58 trillion (17.1% increase from FY23)
52. Sonata Finance to merge with BSS Microfinance
• Sonata Finance Private Ltd and BSS Microfinance Ltd, both wholly-owned subsidiaries of the Kotak Mahindra
bank, at their respective board meetings have approved a scheme of amalgamation.
• Subject to the approval of the respective shareholders and creditors of Sonata and BSS and the approval of the
concerned National Company Law Tribunal (NCLT) and other regulatory authorities
53. Bajaj Finance Ltd seeks up to $500 million loan
• Bajaj Finance Ltd., India's largest non-banking finance company by market value, planned to borrow up to
$500 million offshore.
• The funds will be raised under the Reserve Bank of India’s external commercial borrowing route, which caps
the interest rate at 500 basis points over the benchmark rate.

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54. Fintech co Navi collabs with Karnataka Bank to introduce credit line on UPI
• Collab between: Fintech firm Navi and Karnataka Bank

• Launch of: Credit line on UPI product for customers on the platform
• The National Payments Corporation of India’s (NPCI) credit line on UPI, launched in 2023, offers low-ticket,
high-volume retail loans to individuals and businesses
55. RBI clears Tata Capital's conversion into NBFC investment credit company
• Context: Transfer from a NBFC–core investment company (CIC) to a non-banking finance company (NBFC)–
investment credit company (ICC)
• Transfer of: Tata Capital
• Approved by: RBI
56. WPI inflation cools to 3-month low of 2.04% in July 2024
• India's wholesale price index (WPI) inflation cooled to a three-month low of

2.04% in July 2024 from a 16-month high of 3.36 per cent in June
• Reason: Primarily on the back of a sharp reduction in food prices.
• Food price inflation stood at 3.45% during the month as compared to 10.87 per cent in the preceding month.
• Data released by the Ministry of Commerce and Industry
57. Imports from China up 13% to $10.2 bn, exports dip 9.44% to $1.5 bn in July 2024
• Data by: Commerce Ministry

• India's exports to China dipped by 9.44 per cent to $1.05 billio
• Imports rose by 13.05% to $10.28 billion in July 2024
• Cumulatively, during April-July this fiscal, exports to the neighbouring country also dipped by 4.54 per cent to
$4.8 billion, while imports grew 9.66 per cent to $35.85 billion, leaving a trade deficit of $31.31 billion
58. Top 3 players processed 93% of all transactions on UPI in July: NPCI
• Data by: National Payments Corporation of India (NPCI)

• Context: The top three players on India’s flagship payments platform, Unified Payments Interface (UPI),
processed 93 per cent of all such transactions in July 2024
• Top 3:
• PhonePe (market share of 48.38 per cent)
• Google Pay (37%)
• Paytm (7.82%)
• UPI reported a 45 per cent year-on-year (Y-o-Y) growth in transaction volume, reaching 14.44 billion in July.
• The value of transactions also saw a 35 per cent Y-o-Y increase, totalling Rs 20.64 trillion.

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59. Axis Bank and Visa unveil the ultra luxury credit card, ‘PRIMUS’
• Launch of: The ultra luxury credit card ‘PRIMUS’

• Launched by: Axis Bank & Visa
• Target customer: Ultra-high net worth individual
• Joining fees: Rs 5 Lakh
• Annual fees: Rs 3 Lakh
60. India’s Merchandise Imports Rise to $57.48 Billion in July
2024
• India’s merchandise imports rose 7.4 percent year-on-year to 57.48 billion dollars in July 2024.
• The export of services are estimated to be at 28.4 billion dollars, up over 8 per cent year-year-year basis as
against 26.2 billion dollars in the same month last year.
61. Finance ministry exempts UIDAI from payment of income tax for 5 yrs
• The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from
payment of income tax for five years till fiscal 2027-28.
• Grants/subsidies received from the central government; fees/ subscriptions, including RTI fee, tender fee, sale
of scrap, PVC card; authentication, enrolment and updation service charges received; term/fixed deposits; and
interest on bank deposits earned by UIDAI would be exempt from income tax.
• UIDAI is a statutory authority established under the provisions of the Aadhaar Act, 2016, to ensure compliance
with Aadhaar Act, and make regulations & rules consistent with the Act.
62. RBI proposes risk-based pricing for bank deposit insurance
• The Reserve Bank of India (RBI) has proposed implementing risk-based pricing for bank deposit insurance to
address concerns about rapid deposit withdrawals through digital channels
• Currently, the Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance cover up to
Rs 5 lakh per depositor, which is payable when a bank fails.
• There have been earlier recommendations suggesting that the RBI, through the DICGC, should shift to risk-
based pricing.
• However, there are concerns among some bankers that labeling a bank as weak and increasing deposit
premium rates could have a self-fulfilling impact.
63. Share buyback tax regime to change from October 1
• Change: India's share buyback tax regime

• Effective from: October 1, 2024
• New Rule: The tax burden from companies to shareholders, fundamentally altering the landscape for buyback
strategies
• Key Changes:
• Tax Shift:
• The current 20% tax on buybacks paid by companies will be eliminate

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• Instead, shareholders will be taxed on buyback proceeds as dividend income according to their respective tax
slabs.
• TDS Implementation:
• Companies will be required to deduct tax at source (TDS) on buyback proceeds at a rate of 10% for resident
individuals and 20% for non-resident individuals.
• Capital Loss Treatment:
• The cost of shares bought back can be claimed as a capital loss, offsetting gains from other share sales.
• Potential Impact:
• The increased tax burden on shareholders may deter companies from using buybacks as a primary capital
return method.
64. RBI cancels registration of Margdarshak Financial Services over high NPAs
• Cancellation of license: Margdarshak Financial Services, Lucknow

• Cancelled by: Reserve Bank of India (RBI)
• Reason: Over high net NPAs and defaults on repayment to lenders
• Note: As on March 31, 2021, the company failed to maintain the minimum regulatory net owned fund of Rs 5
crore and minimum capital adequacy ratio of 15% stipulated for NBFC-MFI.
• RBI imposed penalties on NDX P2P Pvt Ltd and Innofin Solutions Pvt Ltd
• Reason: For non-compliance with certain provisions of 'peer-to-peer lending platform' and guidelines on
digital lending.
• A penalty of Rs 1.99 crore has been imposed on Innofin Solutions Pvt Ltd (also referred to as "LenDen Club")
• A penalty of Rs 1.92 crore has been imposed on NDX P2P Pvt Ltd (also referred to as 'LiquiLoans')
65. Tata Power Solar Systems, ICICI Bank partner to finance solar units

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• Agreement between: Tata Power Solar Systems and ICICI Bank

• Reason: To provide financing for solar units to residential and corporate customers.
• The customers can avail themselves of loans up to Rs 90 lakh with collateral-free options and tenure extending
up to 5 years.
• They can also get higher loans with collaterals with tenures of up to 20 years
66. Anil Ambani banned from security market for 5 yrs
• Context: 5 year ban from security market and fined of 25cr

• SEBI ban Anil Ambani and 24 entities from the securities market for five years for fund diversion.
• Sebi imposed a Rs 25 crore penalty on Ambani and restricted him from participating in the market.
• Reliance Home Finance was also fined Rs 6 lakh and barred for six months.
67. ADB commits USD 500 mn loan for improving healthcare in Maharashtra
• India has signed a loan package of USD 500 million with the Asian Development Bank (ADB)
• Reason: To improve access to quality and affordable tertiary health care and medical education in
Maharashtra.
• Benefits:
• The loan will help establish four medical colleges attached to tertiary care teaching hospitals incorporating
climate- and disaster-resilient, gender-responsive, and socially inclusive features in under-served districts.
68. NSE tightens SME listing norms amid concerns over company quality
• The National Stock Exchange (NSE) prescribed eligibility conditions for the listing of small and medium
enterprises (SMEs)
• The stock exchange permits the listing of SMEs on its platform, NSE Emerge, from which firms can later migrate
to the mainboard upon fulfilling certain conditions.

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• The NSE added the condition of positive free cash flow (FCF) as an eligibility criterion for listing on NSE
Emerge.
• The company/entity should have positive FCF to equity for at least two out of the three financial years
preceding the application.
• The additional criteria will be applicable to all draft documents filed from September 1 onwards.
69. M1xchange launches international trade financing platform for Indian MSMEs at GIFT City
• M1xchange has set up an international platform —M1NXT ITFS— in GIFT City to enable Indian MSMEs avail
global factoring services.
• This international trade financing services (ITFS) platform would bring global liquidity to MSMEs and benefit
the ecosystem.
• M1xchange is a digital invoice discounting platform for MSMEs.
70. Banks and FIs sanction private capex projects worth Rs 3.91 lakh crore
in FY24: RBI
• The total cost of projects sanctioned by banks/FIs increased to a record
high of Rs 3,90,978 crore in FY24, with 54 per cent planned to be invested
by the year-end
• No. of project: 944
71. Sebi slaps penalty of Rs 11 lakh on IIFL Securities
• Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 11 lakh on IIFL Securities
• Reason: Violation of stock brokers' norms

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• The violations were pertaining to monthly and quarterly settlement of funds and securities, stock
reconciliation, closure of client collateral account and passing of penalty on short reporting of margin among
others.
72. NCLT approves delisting of ICICI Securities
• The National Company Law Tribunal (NCLT) approved the delisting of ICICI Securities Ltd from the stock
exchanges.
• ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold as per the
approved scheme.

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73. Sebi proposes review of rights issue norms
• The Securities and Exchange Board of India proposed to make major changes in the rights issue:
o Reducing the processing timeline,
o Rationalising the letter of offer,
o Abolition of merchant banker
o Allotment to selective investors
• Reason: To make it a preferred route of fundraising
• The regulator has proposed mandating the appointment of a ‘monitoring agency’ to supervise the use of
proceeds from all types of rights issues of equity shares.
• Currently, an issuer offering securities worth less than Rs 50 crore through a rights issue is not required to
rope in a monitoring agency.
• Sebi has proposed to reduce the current indicative timelines of a rights issue to T+20 working days from the
date of the board meeting approving the rights issue till the date of closure of the rights issue.
• Currently, for non-fast track rights issues, it takes on average 317 days to complete the process — from the
date of board approval till the date of trading, whereas for fast-track right issues, it takes on an average 126
days.
74. RBI Launches Nationwide RBI90Quiz for Undergraduates
o The Reserve Bank of India (RBI) has announce the launch of the RBI90Quiz for college students at the
undergraduate level.
o The quiz is a nationwide competition being held as part of the events to commemorate 90 years of RBI’s
functioning.
o RBI90Quiz is general knowledge based and will feature a multi-level competition, commencing with an online
phase, followed by state and zonal level rounds and culminating in a national final.
75. Aditya Birla Finance and AU Small Finance Bank partner to launch a co-branded credit card

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o Aditya Birla Finance and AU Small Finance Bank have partnered to launch a co-branded credit card, linked to
Visa and RuPay payment networks and will be available in four variants.
o The banking regulator said that branding partners for credit cards cannot access customer data or engage in
any transaction after the card is initially issued.
o The RBI rule is focused on increased scrutiny especially on the partnerships between banks and fintechs firms.
76. RBI move to allow AMC license to IndusInd Bank
o The Reserve Bank of India’s (RBI) move to allow IndusInd Bank to set up a wholly owned asset management
(AMC) business
o This could act as a precedent for other banks setting up such subsidiaries that create fee income for banks
pushing up future profitability.
o Last year RBI had allowed HDFC Bank and ICICI Bank to increase stakes in their insurance subsidiaries above
50%.
77. SEBI releases new cyber security framework for regulated entities
o New Framework : Cyber Security.
o Launch Date : January, 2025.
o Cyber Capability Index (CCI) for market infrastructure institutions and qualified regulated entities will be
introduced to monitor and assess their cybersecurity maturity and resilience on a regular basis.
78. Net foreign direct investment rises to $6.9 billion in Q1: RBI
• Latest data released by the Reserve Bank of India

• Net foreign direct investment (FDI) during the April-June period of the current financial year was $6.9 billion,
compared to $4.7 billion in the year-ago period
• Reason: Due to an improvement in gross inward FDI, which grew by 26.4 per cent year-on-year (Y-o-Y) to
$22.5 billion during Q1 of 2024-25.
• Manufacturing, financial services, communication services, computer services, and electricity and other
energy sectors accounted for about 80 per cent of the gross FDI inflows.
• With around 75 per cent of the flows, the major source countries were Singapore, Mauritius, the Netherlands,
the US, and Belgium
• Net FDI flow dropped sharply to $9.8 billion in FY24, from $28 billion in the previous year.
• In FY22, net FDI flows into the country were $38.6 billion.
79. Private capex could increase to Rs 2.45 trillion in FY25
• The rojected capital expenditure by private companies could rise significantly to Rs 2.45 trillion in FY25, up
from Rs 1.59 trillion in FY24.
• Data by: RBI
• In FY24, the projects sanctioned by banks and financial institutions reached a record high of Rs 3.90 trillion,
of which 54% was planned to be invested by the end of FY23, 30% is provided for FY25, and the remaining
16% is envisaged to be invested in the subsequent years.
• The other channels of financing include borrowing through the external commercial borrowing (ECB) route
and the initial public offering (IPO) route.
80. Aim for carbon neutrality in scope 1, 2 emissions by FY32: ICICI Bank

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• ICICI Bank has formulated a long-term vision for enhancing sustainability and becoming carbon neutral in
scope 1 and scope 2 emissions by financial year 2032.
• Report titled "Being Responsible, Being Sustainable: ICICI Bank ESG Report 2023-24"
• Scope 1 are those direct emissions that are owned or controlled by a
• Scope 2 and 3 indirect emissions are a consequence of the activities of the company.
• ICICI Bank allocated Rs 5.19 billion for corporate social responsibility (CSR) activities in the financial year
2024, up from Rs 4.63 billion the previous year.
81. Outward remittances under RBI's LRS drop 24% to $6.9 billion in Q1 FY25
• Outward remittances under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS) dropped 24.39
per cent year-on-year (Y-o-Y) to $6.9 billion in the April-June quarter of financial year 2024-25, from $9.1
billion in the year-ago period.
• In June 2024, overall remittances fell around 44 per cent Y-o-Y to $2.18 billion amid a decline in remittances
across categories.
• The Union Government introduced TCS on remittances under the scheme for all purposes except education
and medical treatment, scheduled to be effective from July 1, 2023, which was later deferred to October 1,
2023.
82. NRI deposits see nearly $4 billion inflows in April-June FY25: RBI data
• Overseas Indians deposited around $4 billion in non-resident Indian (NRI) deposit schemes in April – June
FY25, up 79% over the amount deposited in these schemes in the same period last year.
• In April – June FY25, inflows into the NRI schemes stood at $3.95 billion, compared to $2.21 billion during the
same period a year ago.
• With this, the total outstanding NRI deposits as of June stood at $155.71 billion.
• Meanwhile, in June, inflows into the various NRI schemes stood at $1.23 billion compared to $1.7 billion in
May, the data shows.
83. IndusInd Bank gets RBI nod to set up mutual fund asset management business
• IndusInd Bank has received the Reserve Bank of India’s (RBI’s) nod to set up a mutual fund asset management
business.
• It will be a wholly-owned subsidiary.
84. Bank of Baroda pips PSB peers to bag ₹5,000-crore SAIL loan
• Bank of Baroda (BoB) has pipped larger public and private sector lenders in a keenly contested ₹5,000 crore
loan deal for state-owned steelmaker SAIL.
• BoB's bid at 7.49% for a five-year loan was the lowest and linked to the 364-day treasury bill.
85. RBI issues norms for recognition of self-regulatory organisations in financial markets
• The Reserve Bank of India (RBI) published the framework for recognition of self-regulatory organisations in
financial markets, setting a minimum ₹10 crore eligibility threshold.
• Aim: To ease access, enhance participation and protect users to promote fair conduct.
• The SRO will act as a bridge between its members and the regulator. It will ensure better compliance with
regulatory guidelines, development of early warning signals, protection of stakeholder interests, and foster
innovation.

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86. Finance ministry exempts UIDAI from payment of income tax for 5 yrs
• The finance ministry has exempted the income of Unique Identification

Authority of India (UIDAI) from payment of income tax for five years till fiscal
2027-28.
• Grants/subsidies received from the central government; fees/ subscriptions,
including RTI fee, tender fee, sale of scrap, PVC card; authentication,
enrolment and updation service charges received; term/fixed deposits; and
interest on bank deposits earned by UIDAI would be exempt from income
tax.
• UIDAI is a statutory authority established under the provisions of the Aadhaar Act, 2016, to ensure compliance
with Aadhaar Act, and make regulations & rules consistent with the Act.
87. RBI proposes risk-based pricing for bank deposit insurance
• The Reserve Bank of India (RBI) has proposed implementing risk-based pricing for bank deposit insurance to
address concerns about rapid deposit withdrawals through digital channels
• Currently, the Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance cover up to
Rs 5 lakh per depositor, which is payable when a bank fails.
• There have been earlier recommendations suggesting that the RBI, through the DICGC, should shift to risk-
based pricing.
• However, there are concerns among some bankers that labeling a bank as weak and increasing deposit
premium rates could have a self-fulfilling impact.
88. Share buyback tax regime to change from October 1
• Change: India's share buyback tax regime

• New Rule: The tax burden from companies to shareholders, fundamentally altering the landscape for buyback
strategies
• Key Changes:
• Tax Shift:
• The current 20% tax on buybacks paid by companies will be eliminate
• Instead, shareholders will be taxed on buyback proceeds as dividend income according to their respective tax
slabs.
• TDS Implementation:
• Companies will be required to deduct tax at source (TDS) on buyback proceeds at a rate of 10% for resident
individuals and 20% for non-resident individuals.
• Capital Loss Treatment:
• The cost of shares bought back can be claimed as a capital loss, offsetting gains from other share sales.
• Potential Impact:
• The increased tax burden on shareholders may deter companies from using buybacks as a primary capital
return method.

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Economy
1. Govt allows flexibility in LTCG tax calculation
• Introduction: Flexibility in the computation of long-term capital gains (LTCG) tax on unlisted assets
• It also including properties.
• Sold before July 23, taxpayers can choose between the new and old regimes, opting for whichever results in a
lower tax liability.
• Under the new LTCG regime, the tax rate is set at 12.5 per cent without the benefit of indexation.
• Conversely, the old regime imposes a 20 per cent tax but allows for indexation benefits.
2. 52.81 crore PM Jan-Dhan accounts with deposit balance of Rs. 2,30,792 crore under PMJDY
• Name of Account: Pradhan Mantri Jan Dhan Yojana (PMJDY)

• Total accounts: 52.81 crore
• Total deposit balance: Rs. 2,30,792 crores
• Women A/C holder: 29.37 crore (55.6%)
• Rural and semi-urban areas A/c: 35.15 crore
(66.6 %)
• Pradhan Mantri Jan Dhan Yojana (PMJDY):
• Launched in 2014:
• Aim: Universal banking services for every unbanked household based on the
guiding principles of banking the unbanked, securing the unsecured,
funding the unfunded and serving unserved and underserved areas
3. ₹2.31 Lakh Crore Deposited in 52.74 Crore PMJDY Accounts as of July 10

• Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha that 2 lakh 31 thousand 909 crore
rupees has been deposited in 52.74 crore Pradhan Mantri Jan Dhan Yojana, PMJDY accounts till 10th July, 2024.
• Out of these PMJDY accounts, women have 29.32 crore accounts. 35.78 crore RuPay cards have also been
issued to the PMJDY account holders so far.
• PMJDY was launched as the National Mission for Financial Inclusion on 28th August 2014.
• It was launched on August 28, 2014.
• Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh to new PMJDY accounts opened after 28.8.2018).
• It provides an overdraft facility of Rs. 10,000 to every eligible adult.
4. Centre's fiscal deficit in Q1 at 8.4% of FY25 target: CGA data

• According to the latest data released by the Controller General of Accounts (CGA)
• A sharp reduction in capital expenditure (capex) during election months and record-high dividend from the
RBI led to a decrease in the central government’s fiscal deficit to 8.41% of the full-year target for the April-
June quarter (Q1) of 2024-25 (FY25).

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• However, CGA data, which uses Interim Budget figures, shows the Centre’s fiscal
deficit stood at 8.1% in Q1FY25.
• In the corresponding period of 2023-24 (FY24), fiscal deficit was 25.3 per cent of
the full-year target.
5. Ind-Ra ups FY25 GDP growth forecast to 7.5%

• Agency : India Ratings
• FY25 : 7.5%. 7.1% (Earlier Estimate)
• FY25 (RBI) : 7.2%
6. UPI transactions jump 36% to Rs 60 trn in Apr-Jun qtr: MoS Finance
• UPI transactions in the first three months of the current fiscal have grown over 36 per cent to Rs 60 lakh cr.
• 41.22 bn UPI transactions worth Rs 60 trn took place between April and June in 202425.
• In the April-June period, 27.62 bn UPI transactions took place, having a value of Rs 44 trn.
• For the full fiscal 2023-24, 131.13 bn UPI transactions were made with a value of Rs 200 trn.
• In FY23, a total of 83.71 bn UPI transactions took place with a value of Rs 139 trn, while in FY22, there were
45.96 bn transactions involving Rs 84 trn.
7. Goldman Sachs Group cuts India's 2024 and 2025 GDP growth forecasts
• Context: Lowered India’s growth forecast
• Organization: Goldman Sachs
• Calendar year 2024: 6.7%
• Calender year 2025: 6.4%
• Note: RBI projects real GDP growth at 7.2% for FY25
Insurance
1. Capital Small Finance Bank and Edelweiss Life Partner for Bancassurance
a. Collab: Capital Small Finance Bank has partnered with Edelweiss Life Insurance
b. Type of Agreement: Bancassurance
c. Offer: Life insurance products through its branches, expanding financial services for customers and
increasing Edelweiss Life's reach.
d. IRDAI aim: Insurance for all” by 2047
2. IRDAI Fines HDFC Life Rs 2 Crore for Violations Fine on: HDFC Life
• Amount: Rs 2 Crore
• Imposed by: Insurance Regulatory and Development Authority of India
• Reason:

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• Rs 1 crore for violations related to policyholders’ interests.
• Rs 1 crore for issues concerning outsourcing irregularities.
3. LIC Q1 consolidated net up 9.4% to ₹ 10,544 crore

• Life Insurance Corporation of India (LIC) reported a 9.4% increase in
consolidated net profit for the quarter ended June 30, 2024, to ₹10,544
crore (₹9,635 crore).
• CEO and MD: Siddhartha Mohanty
4. ICICI Lombard partners seven institutions for distributions

• ICICI Lombard General Insurance has entered into distribution
partnerships with seven financial institutions: Bandhan Bank,
Karnataka Bank, NSDL Payment Bank, AP State Cooperative Bank, Muthoot Mini, Aye Finance, and Nivara
Home Finance.
• These institutions, which collectively have over 4,000 branches, extend ICICI Lombard's partnership to over
200 financial institutions including banks, NBFCs, housing finance companies, microfinance institutions, MFI,
securities & wealth management companies.
5. LIC Housing launches home loan scheme

• LIC Housing Finance Limited has launched a home loan scheme called ‘Griha Rakshak’ for the armed forces.
• The scheme offers discounted interest rates and benefits to serving and retired personnel.
• Under the Griha Rakshak scheme, eligible applicants with a CIBIL score of 750 and above can avail of home
loans up to Rs 2 crore at a competitive interest rate of 8.4 per cent per annum.
• As an additional benefit, LIC Housing Finance has waived processing fees for such loans.
• The offer extends to all serving and retired personnel from the Army, Navy, Air Force, Coast Guard, and
paramilitary forces. Interested individuals can take advantage of this special scheme until September 30, 2024.
6. Bajaj Allianz and HSBC India form bancassurance partnership
• Partnership between: Bajaj Allianz and HSBC India

• Agreement type: Bancassurance
• Under this tie-up, Bajaj Allianz comprehensive suite of insurance
products and services will be offered to HSBC’s vast customer base in India,
based on a shared vision of financial inclusion and customer empowerment across the
country.
• Bancassurance: It is an insurance distribution model in which insurance companies partner with banks to sell
policies.
States
1. J&K Film Policy 2024 & Inaugurates Film Conclave in Srinagar
• J&K Film Policy 2024
• Launched by: Jammu and Kashmir, Lieutenant Governor Manoj Sinha

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• Launch of: J&K Film Policy 2024 & Film Conclave in Srinagar
• Organised by: Department of Information and Public Relations (DIPR)
2. Kashmir City Receives World Craft City Certificate

• Title: World Craft City Certificate
• Received by:Kashmir city, J&K, India
• Given by: World Crafts Council
• Kashmir has become the fourth Indian city to be honored with the World Craft City certificate.
• Other three Indian cities: Jaipur (Rajasthan), Mamallapuram (Tamil Nadu), and Mysore (Karnataka)
• Kashmir’s Rich Craft Heritage: Carpet Weaving, Kani-Shawl, Paper Maachie, Khatamband, Wood Carving,
Kandikari Copperware, Tilla Work
3. Gujarat Unveils GRIT, State-Level Policy Planning
• Launch of: GRIT (Gujarat State Institution for Transformation)

• State: Gujarat
• Model type: State-level think tank modelled after the NITI Aayog
• Purpose: To serve as a public policy think-tank exclusively focused on
Gujarat’s developmental needs
• Unveiled the ‘Gujarat@2047 Dynamic Document-Roadmap’
• Introduced the ‘GYAN’ mantra, which stands for: Gareeb (Poor); Yuva
(Youth); Annadata (Farmers); and Nari (Women)
• State Goal: To become a USD 3.5 trillion economy by 2047
• Presently, Maharashtra has MITRA, Karnataka has SITK, Uttar
Pradesh has STC, Assam has SITA and Uttarakhand has SETU
4. Wayanad 13th most landslide-prone district of India: ISRO report

• Ten of Kerala’s total 14 districts, including Wayanad, are among the country’s 30 most landslide prone
districts, the Landslide Atlas of India released by the Indian Space Research Organisation (Isro), had stated in
2023.
• The atlas placed Wayanad in the 13th position for being vulnerable to landslides.
• The number of people affected and succumbing to heavy rainfall, flooding, landslides, and related incidents
have been increasing during recent years.
5. Karnataka to triple its BioEconomy to $100 billion by 2030

• Report title: BioEconomy Report 2024
• Unveiled by Karnataka's IT Minister Priyank Kharge
• Karnataka aims to triple its BioEconomy to $100 billion (approximately ₹8.37 trillion) by 2030
• How: A strategic plan focusing on strengthening BioPharma, expanding the BioAgri sector, and quadrupling
growth in BioIndustrial sectors.
• This ambitious target highlights the state's commitment to becoming a major hub in the global biotechnology
landscape.

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6. Periyar Tiger Reserve’s Innovative Wind Turbine Installation
• Periyar Tiger Reserve (PTR) in Thekkady, Kerala has installed a wind turbine to
power real-time monitoring cameras and Wi-Fi connectivity within its expansive
forest.
• This move marks a significant advancement in the reserve’s efforts to enhance
conservation technology and communication.
• The PTR East Division, encompassing 17 forest sections, previously relied on solar
power for wireless communication and operational needs.
7. Telangana govt introduces Young India Skill University (Public-Private Partnership) Bill- 2024
• The Telangana State government has introduced the Young India Skill University (Public-Private Partnership)
Bill- 2024 in the assembly. The proposed Skills University is set to be established in collaboration with private
organizations, focusing on delivering comprehensive skill training and job opportunities to the youth.
8. NTPC Vidyut Vyapar Nigam Ltd. to set up Green Charcoal plant in Haryana
• NTPC Vidyut Vyapar Nigam Limited (NVVNL) will set up two green charcoal plants in Gurugram and
Faridabad, Haryana.
• The plant will be set up in Bandhwari, Gurugram, and Motuka in Faridabad.
• Each plant will cost Rs 500 crore.
• NTPC Vidyut Vyapar Nigam Limited was set up by the central government-owned NTPC Limited in 2002.
• Chief Executive Officer (CEO): N K Sharma
9. NCERT Proposes 10 ‘Bagless Days’
• For Students National Council of Educational Research and Training (NCERT) has
introduced a new initiative for students in Classes 6 to 8.
• These days are meant to give students a break from regular classes and textbooks.
• Teachers will organize these activities to help students learn new skills and
understand different jobs.
10. Char Dham pilgrims will have to carry trash bags

• Uttarakhand-bound tourists, especially Chardham pilgrims visiting Kedarnath,
Badrinath, Gangotri, and Yamunotri, will now be required to carry the mandatory
trash bags in their vehicles.
• Action will be taken against tourist vehicles in the hills found without trash bags.
11. J&K Government Initiates Rooftop Solar Projects For 40,000 Buildings By 2025
• The government has initiated multiple projects to install rooftop solar power plants in over 40,000 buildings
in the Union Territory, both government and residential, by the end of 2025.
• The new initiative has the potential to generate an additional 270 MW of solar energy in J&K by December
2025.
• It would cover 20 thousand households and at least 22,494 government structures.
• Currently, 38 hundred residential and 3825 government buildings in J&K have been solarised, with a total
capacity of 60 MW.
12. Maharashtra to provide free power to agri pumps

• The Maharashtra government issued an official order for the implementation of the “Chief Minister Baliraja

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Free Electricity Scheme-2024.”
• This initiative, also known as the Chief Minister Farmers Electricity Concession Scheme.
• It will provide free electricity to agricultural pump customers with up to 7.5 HP capacity, starting from April
2024, with retrospective effect.
13. Telangana CM Announces ₹309 Crore Development Package for Kalwakurthy

• Telangana Chief Minister Revanth Reddy announced a comprehensive development package worth ₹309 crore
for the Kalwakurthy Assembly constituency.
• Including: Infrastructure projects and initiatives
• Aim: To improve healthcare, education, skill development, and transportation in the region.
14. Odisha launches India's first 'rice ATM’
a. The Odisha government has introduced India's first round-the-clock

grain ATM, also known as the 'rice ATM'.
b. Collab with World Food Program
c. Aim: To revolutionise the Public Distribution System (PDS) for ration
cardholders.
d. This machine was installed at a warehouse in Mancheswar, Odisha.
e. The Annapurti Grain ATM, as it is officially known, is capable of
dispensing up to 50 kg grain in just five minutes, with an error rate of
only 0.01%.
15. Maharashtra Cabinet Approves Logistics Policy 2024
The Maharashtra Cabinet, led by Chief Minister Eknath Shinde, has approved the Maharashtra Logistics
Policy 2024.
a. This policy is designed to boost the state’s economy by generating about ₹30,573 crore in revenue and
creating around 500,000 jobs over the next five years.
b. These plans are based on recommendations from the State Economic Advisory Council.
c. International Mega Logistics Hub: Navi Mumbai-Pune area
d. National Mega Logistics Hub in NagpurWardha
e. State Logistics Hubs (5 hub)
f. Regional Hubs (5 hub)
16. Chhattisgarh govt. to develop fourth tiger reserve in State
a. Name of 4th tiger reserve of state: Guru Ghasidas-Tamor Pingla Tiger Reserve
b. Area of 2,829.387 sq km
c. Other three: Indravati (Bijapur), UdantiSitanadi (Gariaband) and Achanakmar (Mungeli)
17. State Govt, SBI General Insurance Sign MoU For DRTPS
a. The State Government and SBI General
b. Insurance signed a Memorandum of Understanding (MoU) for Disaster Risk Transfer Parametric
Insurance Solution (DRTPS).
c. This makes Nagaland the first state in the country to implement this disaster management insurance.
18. Government declares Adichunchanagiri in Karnataka and Choolannuar in Kerala as Peacock
Sanctuary
a. The Central Government has declared Adichunchanagiri in Karnataka and Choolannuar in Kerala as
Peacock Sanctuary.

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19. Jharkhand Launches Mukhyamantri Maiyaan Samman Yojana
a. Name of scheme: Mukhyamantri Maiyaan Samman Yojana
b. State: Jharkhand
c. This scheme is set to be officially launched on August 16, 2024.
d. Beneficiary: Women
e. Aim: To provide financial assistance to eligible women across Jharkhand.
f. Major goal: Women’s Empowerment, Educational Enhancement, Health and
Nutrition, and Economic Self-Reliance
g. Financial Assistance: Rs. 1,000 per month
h. Age Requirement: 21 and 50 years
i. Income Threshold: Less than Rs. 8 lakh

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20. Four-ringed butterfly resurfaces in India
a. Re-discovery of: Four-ringed butterfly
b. Location: Namdapha National Park, Arunachal Pradesh
c. It was rediscovered after 61 years.
d. It was last reported in 1957 from (eastern) Assam’s Margherita.
e. Family: Nymphalidae
21. Punjab Help Centre Launched at IGI Airport to Assist NRIs

• Punjab Chief Minister Bhagwant Mann inaugurated the ‘Punjab Help Centre’ at Terminal 3 of Indira Gandhi
International Airport, New Delhi.
• This makes Punjab the first state in India to establish a dedicated NRI Facilitation Centre, underscoring its
commitment to supporting its overseas community.
22. Haryana CM Nayab Singh Saini Launches ‘Har Ghar-Har Grihini Yojana’
• Announcement of giving domestic gas cylinders for Rs 500 to about 50 lakh Antyodaya families is being made
a reality.
• For this, san online portal has been launched today in the name of Har Ghar-Har Grihini Yojana.
• The women will get an annual benefit of Rs 1500 crore from this scheme.
• Consumers can take 12 cylinders in a year.
23. Sikkim CM Prem Singh Tamang Inaugurates New Indrani Bridge

• Sikkim Chief Minister Prem Singh Tamang (Golay) inaugurated the 300-foot Bailey Suspension Bridge, known
as the Indrani Bridge, over the Teesta River at Singtam.
• This bridge, constructed by Project Swastik of the Border Roads Organisation (BRO).
24. PM Modi Praises 600-Foot Tiranga Yatra in Arunachal Pradesh

• Context: The six hundred-foot Tiranga Yatra conducted under the Har Ghar Tiranga Abhiyan in Arunachal
Pradesh.
25. Ancient Maharashtra Rock Art Declared Protected Monument

• Declared Protected Monument: geoglyphs and petroglyphs in Ratnagiri
• Declared by: Maharashtra government
• Declared under: Maharashtra Ancient Monuments and Archaeological Sites and Remains Act, 1960
• These ancient artworks, dating back to the Mesolithic era, depict various animals and footprints. Ratnagiri
hosts over 1,500 artworks across 70 sites, with some included on UNESCO’s tentative World Heritage list.
26. Bihar Government Mandates Registration Of Temples, Mutts, And Trusts

• Mandate: Registration of temples, mutts and trusts, and directed all District Magistrates in the State
• Mandate by: Bihar government
• Aim: To ensure that the bodies are registered and details of their immovable assets are submitted to the Bihar
State Board of Religious Trusts (BSBRT).
• The BSBRT operates under the State’s Law Department and its records say there are about 2,512 unregistered
temples and mutts across the State owning 4,321.64 acres of land.

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27. Kerala Launches KITE GNU Linux 22.04 For Schools

• The Kerala Infrastructure and Technology for Education (KITE) has introduced KITE GNU Linux 22.04.
• A new free operating system designed specifically for public schools in Kerala.
• Aim: To boost digital education across about 300,000 computers in the state’s schools.
28. Sembcorp to invest for state-of-the-art green ammonia plant in Thoothukudi

• Tamil Nadu Chief Minister M.K.Stalin laid the foundation stone for several projects and one of them was
Sembcorp.
• The Singapore-headquartered Sembcorp will be investing ₹36,238 crore for a state-of-the-art green ammonia
plant in Thoothukudi.
• The company will operate and produce green ammonia from the plant, spread over 160 acres in the key port
area of the district.
• The plant will initially produce 200,000 metric tonnes green ammonia per annum for exporting to Japan.
• The front-end engineering and design work for the plant has commenced.
29. Rajasthan Govt Secures Rs 5.21 Trillion in Investment Proposals Ahead of Summit
• The Rajasthan government has received investment proposals amounting to over Rs 5.21 lakh crore
(approximately USD 62 billion) in the lead-up to the ‘Rising Rajasthan’ Investment Summit 2024.
• These proposals are expected to generate approximately 1.55 lakh direct jobs.
• This investment sum represents more than 33% of the state’s current Gross State Domestic Product (GSDP),
estimated at Rs 15.28 lakh crore for 2023-24.
• The ‘Rising Rajasthan‘ Investment Summit 2024 is scheduled for December 9-11, 2024, in Jaipur.
30. CM Sukhu launches 'Mukhyamantri Bal Paushtik Aahar Yojana' in HP

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o Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu launched 'Mukhyamantri Bal Paushtik Aahar
Yojana'.
o Aim: To provide nutritious foods to schoolchildren and a scheme to provide free Tablets to primary school
teachers to boost digitalisation in the state educational and administrative system.
31. New Orchid Species Discovered in Sikkim

• A newly discovered orchid species, Gastrodia indica, was found in Fambonglho Wildlife Sanctuary in Sikkim,
India, by botanist Madhusudan Khanal.
• This orchid is notable because it does not open its flowers, a rare trait among orchids, making it the first known
cleistogamous orchid in India.
32. BPCL sets up first-of-its-kind biofuel blend bunker at Mumbai port
• BPCL has set up a biofuel blend High Flash High-Speed Diesel

(HFHSD) bunker at Mumbai Port.
• The facility, the first-of-its-kind by an OMC in the country,
provides shipping companies with a cleaner, biodegradable
alternative to traditional fuels.
33. Dr. Virendra Kumar inaugurates the 17th Divya Kala Mela in
Raipur
• Dr Virendra Kumar, Minister for Social Justice and Empowerment,
Government of India, inaugurated the 17th Divya Kala Mela in
Raipur, the capital of Chhattisgarh, on 17 August 2024.
• Chhattisgarh Chief Minister Vishnu Deo Sai was also present on
the occasion.
• The Divya Kala Mela was started by the government of India in 2022 to economically empower disabled
(Divyang) artists by providing market access to their products. It also aims to develop their skills.
34. West Bengal launches 'Rattirer Shaathi' to safeguard night shift women
• The West Bengal government has introduced a new initiative named "Rattirer Shaathi," aimed at enhancing
safety for women working night shifts.
• The initiative, named "Rattirer Shaathi" or "Helpers of the Night," will involve the development of a special
mobile app equipped with alarm devices.
• This app will be mandatory for all working women and will be connected to local police stations and the police
control room.
35. Centre Launches ₹1,000 cr Green Tug Transition Plan

• Name of Programme : Green Tug Transition Programme (GTTP).
• Aim : converting conventional fuel engine harbour tugs to run on greener, more sustainable alternatives.
• First Phase : October 1, 2024 - December 31, 2027.
• Ports : Jawaharlal Nehru Port Authority, Deendayal Port Authority, Paradip Port Authority, and VO
Chidambaranar Port Authority.
• Maritime India Vision 2030 (MIV 2030) : 60% of each major port’s power demand will be sourced from
renewable energy and a 30% reduction in carbon emissions per tonne of cargo will be achieved by 2030.
36. UP announces Mukhyamantri Yuva Udyam Vikas Yojana’

• Uttar Pradesh Chief Minister Yogi Adityanath announced the ‘Mukhyamantri Yuva Udyam Vikas Abhiyan
Yojana’ to boost employment opportunities for the state's youth.

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• Under the Yojana, the state government has set a target of establishing 10 lakh new MSMEs (Micro, Small, and
Medium Enterprises) in the state.
• The government hopes to create 50 lakh employment opportunities directly and indirectly through the
Mukhyamantri Yuva Udyam Vikas Abhiyan Yojana.
37. ’Ladki Bahin Yojana’ lauched For 1 crore Women

• The Eknath Shinde-led Maharashtra government is set to officially launch the ‘Mukhyamantri Majhi Ladki
Bahin Yojana’ on the occasion of Raksha Bandhan.
• This initiative aims to provide ₹1500 every month to more than one crore women across the state.
• The Maharashtra government has launched the ‘Nari Shakti Dhoot’ application, through which eligible women
can apply online.
• Local administration officials, such as Anganwadi workers and gram sevaks, will assist women in enrolment
for the scheme, which has no fee associated with it.
National
1. Govt Sets A Target To Open 25,000 PMBJKs By 31st March 2027 Across India
• The government has set a target to open 25,000 Pradhan Mantri Bharatiya Janaushadhi Kendras (PMBJKs) by
31st March 2027 across the country.
• 547 PMBJ Kendras have been opened in Primary Agricultural Credit Societies across the country till June 2024.
• Pradhan Mantri Bharatiya Janaushadhi Pariyojana, 2047 medicines and 3000 surgical and medical
consumables have been brought under the product basket for wider availability.
2. Tata Group retains top spot as India's most valuable brand at $28.6 billion
• Brand Value’s 'India 100 2024 ranking

• Tata Group has retained its position as India’s most valuable
brand with a value of $28.6 billion
• Following Tata, Infosys holds the second position, while HDFC
Group has made a significant leap to third place.
• The banking sector also reported a 26 per cent increase in brand
value, with State Bank of India (SBI) retaining its position as the
second most valuable bank in India, boasting a brand value of
$6.9 billion.
• Strongest Indian Brand : Taj Hotel, $545 million
• Maximum Growth in Brand Value : Telecom Sector (61%), Banking (26%), Mining, Iron and Steel (16%).
3. Aditya Birla Group launches Indriya

• The Aditya Birla Group ventured into the rapidly expanding Indian jewellery market with the launch of its in-
house brand Indriya.
• Investment of Rs 5,000 crore
• According to India Brand Equity Foundation (IBEF), the gems and jewellery industry contributes 7 percent to
the country’s Gross Domestic Product (GDP).
4. India’s Steel Production To Surpass 300 Million Tonnes By 2030

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• Steel production in India, driven by robust demand for government infrastructure projects, is projected to
surpass 300 million tonnes (MT) by 2030.
• Current steel demand remains strong with an infrastructure push from the government and expects a growth
of about 10 percent. Amid the strong GDP growth and continued emphasis on infrastructure from both
government and private sectors, steel demand will continue to stay strong.
5. Government extends duration of EMPS 2024 by two months
• The Electric Mobility Promotion Scheme 2024 (EMPS 2024), launched by Ministry of Heavy Industries, aims
to boost the adoption of electric vehicles (EVs) across the country.
• The EMPS scheme was originally set to run from April 1st , 2024, to July 31st , 2024, with a total outlay of
Rs.500 crore.
• The scheme has been extended by two more months i.e. upto September 30th, 2024.
• Additionally, the scheme's outlay has been enhanced to Rs. 778 crore.
6. All-India Consumer Price Index Numbers for Agricultural and Rural Labourers
• The All-India Consumer Price Index for Agricultural
Labourers (CPI-AL) and Rural Labourers (CPI-RL)
(Base: 1986-87=100) saw an increase of 11 points
each in June 2024, reaching 1280 and 1292,
respectively.
• The year-on-year inflation rates based on CPI-AL and
CPI-RL were 7.02% and 7.04%, respectively,
compared to 6.31% and 6.16% in June 2023.
• For May 2024, these rates were 7.00% for CPI-AL and 7.02% for CPI-RL.
7. BHEL receives LOI for Rs 10,000 crore project from Damodar Valley Corporation
• Bharat Heavy Electricals (BHEL) has secured a letter of intent (LOI) from Damodar Valley Corporation (DVC)
to construct two 800 MW thermal power stations in Koderma district, Jharkhand.
• The project, valued at over Rs 10,000 crore, involves setting up thermal power units on an engineering,
procurement, and construction (EPC) basis.
• The project has to be completed within a period of 52 months.
8. Department of Atomic Energy inaugurates ‘One DAE One Subscription’

• The inaugural ceremony of ‘One DAE One Subscription’ (ODOS) took place today at Tata Memorial Hospital, in
Mumbai.
• ODOS is a unique idea enabling the Department of Atomic Energy (DAE) & all its units/subunits (about 60)
together under one umbrella for read and publish access to national and international research papers as well
as scientific journals.
9. Cabinet approves Eight (8) new line projects across Indian Railways
a. Approval to: Eight (8) projects of Ministry of Railways
b. Total estimated cost of Rs. 24,657 crore (approx.)
c. The new line proposals will provide direct connectivity and improve mobility, providing enhanced
efficiency and service reliability for Indian Railways.
d. Covering 14 Districts in Seven States i.e., Odisha, Maharashtra, Andhra Pradesh, Jharkhand, Bihar,
Telangana and West Bengal will increase the existing network of Indian Railways by 900 Kms.
10. Govt reconstitutes NIPCCD's Executive Council, General Body after 5 decades

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a. Context: Reconstituted the Executive Council and General

Body of the National Institute of Public Cooperation and
Child Development (NIPCCD) after more than five
decades.
b. Ministry: Ministry of Women and Child Development
c. NIPCCD, an autonomous organization under the WCD
Ministry, was initially established in 1966
under the Societies Registration Act XXI of 1860.
d. The reconstitution reduces the size of the General Body from 94 to 22 members and the Executive
Council from 21 to 13 members, creating a leaner and more efficient structure.
e. The General Body is responsible for formulating overall policies, while the Executive Council manages
the administrative affairs of the institute.
11. Million Designers, Billion Dreams with LEAP launched

a. Initiatve: Million Designers, Billion Dreams
b. Launched under: Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM)
c. Aim: To empower individuals across India with systems design know-how to tackle complex societal
challenges.
d. Spearheaded by LEAP in collaboration with the DAY-NRLM.
e. LEAP is a catalyst organization that emerged from the multidisciplinary work developed in India by
the Design Laboratory at the Harvard T.H. Chan School of Public Health (D-Lab) and the Transform
Rural India Foundation (TRIF), with seed investment provided by the Bill and Melinda Gates
Foundation (BMGF).
12. IIT-Madras gets largest-ever single donation of Rs 228 cr from alumnus

a. Indian Institute of Technology-Madras (IITMadras)
b. Donation: Rs 228 crore
c. Donated by: Industrialist and its alumnus Krishna Chivukula.
d. This donation is one of the largest-ever made to an educational institution in India.
13. Govt releases Haj policy 2025, Haj Committee of India quota now 70%
a. Government's Haj Policy for 2025
b. Total Haj pilgrims quota allocated to India, 70% would be handled by the Haj Committee of India
c. The remaining 30% will be allocated to private Haj Group Organisers
d. It is decided that considering the arduous nature of the Haj pilgrimage, a companion is a must for
pilgrims aged 65 or above and no pilgrim aged 65 or above will be registered as a lone member under
reserved category
14. PM Narendra Modi hails record gas production in country

a. Prime Minister Narendra Modi has hailed the record gas production in the country.
b. The country has achieved a new record in the field of gas production.
c. The gas production in 2020-21 was 28.7 BCM and increased to 36.43 BCM in 2023-24.
d. The gas production in 2026 will be 45.3 BCM.

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15. ICMR got ₹172 cr. from Bharat Biotech for Covaxin
• The Indian Council of Medical Research (ICMR) has received ₹172 crore as royalty from Bharat Biotech
International Limited (BBIL) for jointly developing Covaxin, an indigenously developed vaccine for COVID19.
• There was a joint Memorandum of Understanding (MoU) between ICMR, NIV and Bharat Biotech for the
development of Covaxin
16. VIRAASAT Exhibition Celebrates 10th National Handloom Day

• Series: “VIRAASAT”- the “Exclusive Handloom Expo”
• Aim: Ccontinuation of celebrations held during previous year around the National Handloom Day.
• “VIRAASAT”, a fortnight long exhibition dedicated to celebrating 10th National Handloom Day began at
Handloom Haat in Janpath.
17. NIT-C Launches ‘Nivahika’ Web Portal For Data Management
• Launch of: ‘Nivahika

• Type: Web Portal For Data Management
• Launched by: National Institute of Technology Calicut (NITC)
• Aim: To ensure accuracy and consistency, aiding in everything from ministry submissions to national rankings
• Status: It becomes fully functional
• It is poised to become a model for data management across the educational sector.
• Critical support from:
• Centre for Information Technology, Research and Automation (CITRA) Computer Networking Centre (CNC)
• Central Computer Centre (CCC)
18. Govt mandates Public Sector Insurance companies to expedite claims of landslide victims in Kerala
a. Name of Scheme: PM Jeevan Jyoti Bima Yojana

b. LIC has been asked to speedily disburse the claim amount in respect of the policyholders under PM
Jeevan Jyoti Bima Yojana.
c. The General Insurance Council will coordinate with the insurance companies to ensure that claims are
processed and paid expeditiously and will host a portal for all insurers to report claim status daily.
19. HM Amit Shah inaugurates 24×7 water supply pilot project
a. Inaugurate: 24×7 water supply pilot project

b. Inaugurate by: Union Home Minister Amit Shah
c. Location: Manimajra, Chandigarh.
d. Investment: 75 crores
e. 4 MGD water tanks have been constructed at
Manimajra, 12,000 new water connections have been
installed.
f. The total cost of the said project is 160 crore rupees,
which has two components – capital work and
installation of water meter work.
20. Government Restores Diamond Imprest Licence for Gems and Jewellery Sector

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• Context: Restoration of the Diamond Imprest Licence
• Reason: To address issues related to diamond imports and enhance India’s export competitiveness.
• Informed by: Commerce and Industry Minister Piyush Goya
• Conference: India International Jewellery Show (IIJS) 2024
• Organized by: Gem and Jewellery Export Promotion Council (GJEPC)
• Benefits: Allows eligible exporters to import cut and polished diamonds duty-free up to 5% of their average
turnover from the past three years.
• Exporters are required to add 10% value to these imports, which must be used by the importer and cannot be
transferred even after export.
• The absence of this licence had led to the import of cut and polished diamonds into Dubai for sorting and re-
exporting, adversely affecting India’s exports and employment in the sector.
21. Paddy acreage rises 4.28 pc, cotton area lags in kharif season so far
• Farmers have expanded paddy cultivation by 4.28% to 33.18 million hectares for the 2024-25 kharif season.
• Driven by favorable monsoon forecasts from the India Meteorological Department.
• Cotton acreage declined to 11.05 million hectares.
• While pulses and coarse cereals saw slight increases, oilseeds remained stable.
• The total kharif crop area rose to 97.99 million hectares.
22. PM Modi releases 109 climate-friendly and high-yielding crop varieties

• 109 high-yielding, climate-resilient, and biofortified crop varieties at India Agricultural Research Institutei
• The 109 varieties of 61 crops include 34 field crops and 27 horticultural crops.
• The horticultural crops will cover different varieties of fruits, vegetables, plantation crops, tubers, spices,
flowers, and medicinal plants.
23. IOCL to raise refining capacity by 25% by 2050

• Indian Oil Corporation Limited (IOCL) will raise its annual refining capacity by 25 per cent to 88 million tonnes
per annum (MTPA) by 2050.
• Current capacity: 70.25 MTPA
• By 2050, India's oil demand is set to rise to 8.3 million barrels per day, up from 5.4 million barrels per day in
2023.
• IOCL aims to become a company with a $1 trillion turnover by 2047
• IOCL Chairman Shrikant Madhav Vaidya
24. New flowering plant species found near Vishalgad

• A new flowering plant called Ceropegia Shivrayiana has been discovered in the Vishalgad area of Kolhapur.
• This discovery was detailed in a research paper published in the journal Phytotaxa, highlighting the
biodiversity and ecological importance of Vishalgad Fort.
• Ceropegia shivrayiana is a rare plant found only in India.
• It has unique, tubular flowers that attract moths.
25. IIT Kanpur launches innovative SATHEE IBPS program

• The Indian Institute of Technology Kanpur (IITK) launched Sathee IBPS a programme
• It is designed to help candidates prepare for banking exams conducted by the Institute of Banking Personnel
Selection (IBPS).
• Supported by: Ministry of Education
26. Ministry of Coal Launches Global Mining Initiative

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• Launch of: Global Mining Initiative
• Launched by: Ministry of Coal
• Aim: To boost coal production through global mining operators.
• Primary goal of engaging Mining Developers cum Operators (MDOs) is to significantly increase coal production
by streamlining operations, enhancing productivity, and reducing mining costs.
• Task of MDO: Excavating, extracting, and delivering coal to Coal India Limited (CIL)
27. IIT Gandhinagar & IIT Indore Launches cNARMADA

• Launch of: Centre for Narmada River Basin Management (cNARMADA)
• Launched by: IIT Gandhinagar & IIT Indore
• Aim: To study the Narmada River and its surrounding areas
• This center will work with IIT Indore and is supported by the Ministry of Jalshakti, responsible for water
resources in India.
• The goal is to find out what problems are affecting the river’s health and what needs to be done to keep the
ecosystem sustainable.
28. ONGC Gets 20% Premium for Gas from New Wells
• The Ministry of Petroleum and Natural Gas approved the allocation of gas from new wells or well interventions
in the nominated fields of state-owned upstream companies, ONGC and Oil India Ltd.
• This gas will be priced at a 20 per cent premium over the current administered price mechanism (APM) or
domestic natural gas price.
• The initiative is expected to make new gas development projects more viable, encouraging increased domestic
production.
29. India to open its 1st lithium mines in Chhattisgarh

• India is set to open its first lithium mines in the Katghora region of Korba district, Chhattisgarh
• Decsion made at: Sixth governing body meeting of the National Mineral Exploration Trust in New Delhi
• The GSI reported lithium concentrations ranging from 10 to 2,000 parts per million (PPM) over approximately
250 hectares, with the possibility of even higher concentrations.
30. TRAI mandates all Service Providers to immediately stop promotional calls from unregistered
telemarketers
• Mandate: To immediately stop voice promotional calls from all unregistered senders or telemarketers
• Mandate by: Telecom Regulatory Authority of India (TRAI)
• Reason: To curb the increasing number of spam calls
• Penalty: If any unregistered sender is found to be misusing its telecom resources for making commercial voice
calls, it will be blacklisted by the Originating Access Provider for a period of up to two years.
31. IndiGo inducts 77 female pilots to mark 77 yrs of country's independence

• IndiGo inducted 77 female pilots for its Airbus and ATR planes to celebrate 77 years of the country's
independence.
• With the latest induction, the carrier has more than 800 female pilots.
• The airline has around 14 per cent women pilots compared to a global average of 7-9% women pilots in the
workforce.
32. ICMR and Panacea Biotec initiate the First Dengue Vaccine Phase 3 Clinical Trial in India

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• Collaboration with: Indian Council of Medical Research

(ICMR) and Panacea Biotec
• Reason: For the initiation of the first-ever Phase 3 clinical
trial for a dengue vaccine in India.
• Developed by: Panacea Biotec
• This landmark trial will evaluate the efficacy of India’s
indigenous tetravalent dengue vaccine, DengiAll.
• Phase 3 clinical trial across 19 sites in 18 States and Union
Territories of India.
33. Govt launches ASEAN-India Agri fellowship; 50 slots up for grabs

• The government introduced the ASEAN-India fellowship programme for higher education in agriculture and
related fields.
• 50 fellowships will be granted to students from ASEAN nations over a period of five years, beginning with the
2024-25 academic year.
• Each year, ten fellowships will be awarded for the next five years, covering master's degree programmes in
agriculture and allied sectors.
• The application deadline for the first batch is August 27.
• Funded by the ASEAN-India Fund, the programme will cover admission fees, living expenses, and other
incidental costs for the selected students.
34. Union Jal Shakti Ministry launches Flood Watch India 2.0 App
• This app is designed to enhance public safety by providing real-time flood forecasts from 592 monitoring
stations nationwide.
• These stations monitor water levels, rainfall, and other critical data to generate accurate flood forecasts.
• The app aims to give citizens timely and accurate information to help them prepare for and respond to
potential flooding.
35. Delhi Airport becomes 1st to achieve net zero carbon emission status
• The Delhi Airport became the first Indian airport to achieve Net Zero Carbon Emission Airport status under
Airport Council International's (ACI) Airport Carbon Accreditation (ACA) program.
• Delhi Airport's achievement of Level 5 certification underscores its leadership in sustainability and carbon
management with an initial goal to become a "Net Zero Carbon Emission Airport" by 2030.
36. The 3rd Voice of Global South Summit 2024

• India will host the 3rd Voice of Global South Summit on 17 August 2024.
• This unique initiative began as an extension of Prime Minister Shri Narendra Modi's vision of 'Sabka Saath,
Sabka Vikas, Sabka Vishwas aur Sabka Prayas'.
• The 3rd VOGSS, with the overarching theme of "An Empowered Global South for a Sustainable Future”.
37. India adds three new Ramsar sites to wetlands network

• Addition of three more Ramsar sites
• Name:
• Nanjarayan Bird Sanctuary and Kazhuveli Bird Sanctuary in Tamil Nadu
• Tawa Reservoir of Madhya Pradesh
• Total number of Ramsar: 85
38. South Indian Adivasi Knowledge Centre To Be Launched In B.R. Hills

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• Launch of: Kaanu (South Indian Adivasi Knowledge Centre)
• Location: Tribal Health Resource Centre (THRC) at BR Hills, Karnataka
• Launch on: Augsut 25, 2024
• Aims to be the first ever knowledge centre on South Indian Adivasi past, present and culture: a tree of
knowledge.
• Kaanu will have three branches: a library, where publications on and by tribal communities of Karnataka,
Kerala and Tamil Nadu can be consulted by interested researchers and the general public.
39. Govt proposes stricter seat-belt regulations to boost road safety from 2025
• Context: The Centre’s proposed vehicle-safety regulations mandate seat-belt reminders for front-facing rear
seats in passenger cars (M1 category) manufactured.
• Aim: To reduce the risk of injuries in the case of an accident.
• Additionally, all vehicles in categories manufactured after April 1, 2025, and April 1, 2026, will be required to
have improved restraint systems and safety-belt assemblies that comply with specific standards.
• These proposed safety standards are part of the Central Motor Vehicles Rules (CMVR), 1989, which mandate
specific safety features, such as safety belts, restraint systems, and safety-belt reminders, in vehicles
manufactured after specific dates.
40. Launches ‘Create in India Challenge-Season One’ in the run-up to WAVE Summit
• Launch of: Create in India Challenge-Season One
• Launched: Information and Broadcasting Minister Ashwini Vaishnaw
• Launched in: New Delhi, In the run-up to the World Audio Visual and Entertainment Summit (WAVES)
• Total challenges in Create in India Challenge-Season One
41. DGCA fines Air India ₹90 Lakh for operating flights with non qualified crew

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• Fine of: ₹90 Lakh
• Imposed by: Directorate General of Civil Aviation (DGCA)
• Imposed on: Air India Limited
• Reason: For operating flights with non-qualified crew members.
• The DGCA has also imposed an additional penalty of six lakh rupees on the operations director and three lakh
rupees on the training director of Air India.
42. Govt bans 156 medicines

• The Ministry of Health and Family Welfare has banned the manufacture, sale, and distribution of 156 fixed
dose combinations.
• These include treatments for common ailments like colds and fevers.
• An Expert Committee and the Drugs Technical Advisory Board found no therapeutic justification for these
combinations and identified potential health risks, leading to the prohibition.
43. Karnataka Leads Nation with 5,765 Public EV Charging Stations

• Report by: Bureau of Energy Efficiency (BEE)
• Karnataka is leading India in the number of public electric vehicle (EV) charging stations, with a total of 5,765
stations.
• About 85% are in the Bengaluru Urban district, showing Karnataka’s strong commitment to supporting
electric vehicles.
• Maharashtra has 3,728 EV charging stations, Uttar Pradesh has 1,989, and Delhi has 1,941.
44. Indian Telecom Sector Growth Reaches 119.9 Crore FY24

• The latest annual report released by the Telecom Regulatory Authority of India (TRAI).
• The Indian telecom sector has achieved growth during the financial year 2023-2024.
• It reveals that India's overall teledensity rose from 84.51 per cent at the end of March 2023 to 85.69 per cent
at the end of March 2024, marking an annual growth rate of 1.39 per cent.
• Number of internet subscribers: 95.4 crore (March 2024), reflecting an 8.30 per cent annual growth rate
• Count of wireless data subscribers: 91.3 crore
• Total volume of wireless data usage: 1,94,774 PB
• Number of telephone subscribers: 119.9 crore
45. BPCL to invest Rs 1.7 lakh crore in next 5 years

• BPCL has launched ‘Project Aspire’.
• It is a five-year strategic framework with a planned capital expenditure of Rs 1.7 lakh crore.
• The project is based on two pillars:
• ‘Nurturing the Core’ (refining, marketing, and upstream petroleum products)
• ‘Investing in Future Big Bets’ (petrochemicals, gas, green energy, non-fuel retail, and digital)
• The company is developing renewable energy capacity, aiming for 2 GW by 2025 and 10 GW by 2035.
46. Employment growth in corporate sector declined to 1.5% in FY24: BoB report
• The growth in employment in the corporate sector slowed to 1.5% in FY24 from 5.7 per cent in FY23.
• 90,840 new people gained employment, compared to 333,000 people gaining employment in FY23
• Report released by Bank of Baroda
• Sectorally, the report noted that retailing (19.4 per cent) and trading (16.2 per cent) were at the forefront in
terms of creating jobs, followed by infrastructure (15.8 per cent), realty (13.6 per cent), and iron and steel
(12.1 per cent).

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47. India’s second 700 MW nuclear power KAPS-4 plant starts operations at full capacity
• India’s second home-built 700 MW nuclear power reactor at Kakrapar Atomic Power Station (KAPS) in Gujarat
started operating at its full capacity.
• The Nuclear Power Corporation of India Limited (NPCIL) said Unit 4 at KAPS had been operating at 90%
capacity before raising it to full power of 700 MWe.
48. Ministry of Textile Implementing NHDP and RMS Scheme

• Ministry of Textiles is implementing the National Handloom Development Programme and Raw Material
Supply Scheme across the country.
• Aim: To provide end to end support for promotion of handloom sector and welfare of handloom workers
• Under the National Handloom Development Programme, financial assistance is provided to:
o Eligible handloom organisations/workers for upgraded looms & accessories,
o Solar lighting units,
o Construction of workshed,
o Product & design development,
o Technical and common infrastructure,
o Marketing of handloom products in domestic/overseas markets
• The guidelines also provide for financial support for Awardee weavers above 60 years of age in indigent
circumstances.
• Under the Raw Material Supply Scheme, the Ministry provides transport subsidy, for transportation of yarn to
the doorstep of the beneficiary, and 15% Price Subsidy on Cotton Hank Yarn, Domestic Silk, Woollen and Linen
yarn and blended yarn of natural fibres.
49. Manohar Lal Khattar Launches Three Online Platforms

o Union Minister of Power Manohar Lal Khattar has launched three online platforms to enhance the efficiency,
transparency, and effectiveness of power sector in New Delhi.
o The portals are named as Portal for Online Monitoring of Projects – Thermal (PROMPT), Disaster Resilient
Infrastructure for Power Sector (DRIPS) and JAL VIDYUT DPR.
o These three online portals will enable transparent, coordinated, and effective working of the power sector in
the country.
50. India & Malaysia elevate ties to comprehensive strategic partnership

o India and Malaysia have signed agreements in the fields of labor and employment, Ayurveda and traditional
medicines, digital technologies, culture, tourism, and cooperation in youth and sports.
o The two countries also inked agreements in the area of public administration, governance reforms, and mutual
cooperation.
o The agreements were signed after delegation-level talks held between Prime Minister Narendra Modi and his
Malaysian counterpart, Dato’ Seri Anwar bin Ibrahim, in New Delhi.
51. BIS Launches Student Hackathon

o The Bureau of Indian Standards (BIS) has launched a Hackathon for students across institutes that have signed
a Memorandum of Understanding with it.
o The aim of this hackathon is to cultivate interest, enhance knowledge, and raise awareness about Indian
Standards and their crucial role in ensuring quality and safety for the general public and other BIS
stakeholders.
52. India & Sri Lanka Sign MoU for LNG Infrastructure Development
o A Memorandum of Understanding was signed between Indian company ‘Petronet LNG limited’ and a Sri Lanka
based private company for infrastructure development and supply of Liquified Natural Gas in Colombo.

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o The agreement will give a major boost to the island nation’s efforts towards sustainable energy generation.
o The MoU would allow for development of LNG based power plants with capacity of over 1000 MW at
Kerawalapitiya near Colombo as well as supply of the fuel from Kochi LNG Terminal.
53. Govt gives nod to enhance security deployment at all Central govt hospitals by 25%
• The Government has allowed enhancement of security deployment by 25 per cent at all Central government
hospitals.
• The deployment of marshals would also be approved based on individual demands by government hospitals.
54. Union Cabinet approves three metro rail projects for Bengaluru, Thane and Pune
55. National Coal Index declines 3.48 pc in June, indicates sufficient availability in market
• The National Coal Index (NCI) has shown a significant decline of 3.48 percent in June 2024 at 142.13 points on
a provisional basis compared to 147.25 points in June 2023.
• The NCI is a price index which reflects the change in the price level of coal in a particular month relative to the
fixed base year.
• NCI combines the prices of coal from all the sales channels-Notified Prices, Auction Prices, and Import Prices.
• It has been rolled out on 4th June 2020, and the aim is to have an index that will truly reflect the market price.
• The concept and design of the index as well as the representative prices have been developed by the Indian
Statistical Institute, Kolkata.
• It is released every month by the Ministry of Coal.
• The base year is FY 2017-18.
56. India-Australia RISE Accelerator Calls For Startups, Msmes In Agritech Sector
• The Atal Innovation Mission - in partnership with CSIRO, Australia - is inviting applications from start-ups and
MSMEs from India and Australia for the Climate Smart Agritech cohort of India Australia.
• Rise Accelerator
• The India Australia Rapid Innovation and Start-up Expansion (RISE) Accelerator is a bilateral program led by
CSIRO and the Atal Innovation Mission (AIM), NITI Aayog.
• It addresses India and Australia’s shared challenges with a focus on environment and climate issues by

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supporting the expansion of innovative agritech solutions across borders.
• It was launched in 2023
57. First quarter urban unemployment at 6.6%: PLFS
• PLFS : Periodic Labour Force Survey
• Conducted by : National Statistical Office, Ministry of Statistics and Programme Implementation (MoSPI)
• Unemployment Rate (Q1, FY25) : 6.6%
• Unemployment Rate (Q4, FY24) : 6.7%
• Jobless rate for youth (aged 15-29) : 16.8%
• Unemployment rate for men : 5.8%
• Female Unemployment : 9%
58. Union Cabinet Approves Major Airport Projects in West Bengal and Bihar
• The Union Cabinet has greenlit significant airport infrastructure projects in West Bengal and Bihar, with a total
investment of approximately ₹2,962 crore.
• The construction of a second airport at the Indian Air Force (IAF) base in Bihta, Patna, with an estimated cost
of ₹1,413 crore.
• In West Bengal, a new terminal building will be constructed at Bagdogra airport at a cost of ₹1,549 crore
59. Centre launches new system to understand cropping patterns, impact of weather
• Name of system : Krishi-Decision

Support System (DSS)
• Focus : share real-time data-
driven insights on weather
patterns, soil conditions, crop
health, crop acreage and
advisories with all stakeholders
— such as farmers, experts and
policymakers.
• Launched by Agriculture Ministry.
• Krishi-Decision Support System
• It is a satellite-based system.
• Objective: It aims to assist farmers
in improving crop management and productivity.
• Developed using technologies similar to the government’s Gati Shakti initiative.
60. Now, India has 85 Ramsar Sites
• Ramsar Sites : Nanjarayan Bird Sanctuary, Kazhuveli Bird Sanctuary - (Tamil Nadu), Tawa Reservoir (Madhya
Pradesh)
• Highest No. of Ramsar Sites (18) - Tamil Nadu
• Minister of Enviroment, Forest and Climate Change : Bhupender Yadav (Constituency : Alwar, Rajasthan)
61. Government Reduces Crude Oil Tax, Eliminates Diesel and ATF Levies
• India has reduced the windfall tax on petroleum crude oil to Rs 2,100 per metric tonne, effective August 17,
down from Rs 4,600 per tonne.
• This adjustment follows a previous reduction of 34.2 percent to Rs 4,600 on July 31.
• The government has also eliminated the windfall tax on the export of diesel and aviation turbine fuel (ATF)
• Windfall Tax is a tax levied by governments against certain industries when economic conditions allow those
industries to experience significantly above-average profits.
• The term “windfall” refers to an unexpected rise in profits, and the tax on windfall gains is known as the
windfall tax.

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62. Govt to impose stricter rules on electric construction vehicles from Oct 1
• The Ministry of Road Transport and Highways (MoRTH) has proposed new stricter safety standards for
electric powertrain construction equipment vehicles including dumpers and excavators from October 1, 2024.
• The ministry in a draft notification has proposed an amendment to the Central Motor Vehicles Rules, 1989
with an aim to push electric vehicles (EV) across various sectors.
• Electric and hybrid powertrain are being used in construction equipment vehicles.
63. Government Initiates Anti-Dumping Investigation into Steel Imports from Vietnam
• India has initiated an anti-dumping investigation into the import of hot rolled flat products from Vietnam
following complaints that these products are being sold at significantly low prices, negatively impacting the
domestic steel industry.
• The move, driven by requests from leading Indian steelmakers such as JSW Steel and ArcelorMittal Nippon
Steel India (AM/NS India)
• Aim: To address the adverse effects of cheap imports on the domestic market, particularly under the India-
Asean free trade agreement.
International
1. Te Henua Enata – The Marquesas Islands Inscribed as UNESCO World Heritage
• Location : France
• It is a hotspot for terrestrial and marine biodiversity, and endemic species in the French Overseas Territory of
French Polynesia.
• These islands are home to more than 305 plant species and an exceptional endemism of coastal fish and marine
molluscs.
2. Nelson Mandela Legacy Sites Inscribed as UNESCO World Heritage
• Event: 46th World Heritage Committee

• Location: New Delhi, India
• New UNESCO World Heritage: The Human Rights, Liberation and
Reconciliation: Nelson Mandela Legacy Sites
• Location of site: South Africa
• Encompasses 14 locations
• Significance: Sites stand as powerful symbols of the country’s
tumultuous history and its eventual triumph over oppression.
• South Africa President: Cyril Ramaphosa
• Nelson Mandela International Day: 18th July
• India's 43rd UNESCO site: Charaideo Maidam of Assam
3. UNESCO Adds 25 New Sites To World Heritage List During 46th World Heritage Committee Session
• In 2024, UNESCO has added 25 new landmark sites to the World Heritage List during the 46th World Heritage
Committee Session held at Bharat Mandapam in New Delhi.
• 19 of these sites have been inducted as Cultural Heritage Sites, while 4 have been inducted under the Natural
category and two under the “Mixed” category.

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4. Japan’s Sado Gold Mine Gains UNESCO Status
• The UNESCO World Heritage Committee decided to register Japan’s controversial Sado gold mine as a cultural
heritage site.
• The country agreed to include it in an exhibit of its dark history of abusing Korean laborers during World War
II.
• The decision signals an improvement in ties between Tokyo and Seoul.
• The mine on an island off the coast of Niigata in northern Japan operated for nearly 400 years and was once
the world’s largest gold producer before closing in 1989.
• It was also linked to Japan’s wartime abuse of Korean laborers.
5. Ukraine received 3.9 billion dollars in nonrepayable financial assistance from US
a. Ukraine received 3.9 billion dollars in nonrepayable financial assistance from the United States.
b. The grant will help the government to reimburse priority social and humanitarian expenditures
without increasing the debt burden.
c. Use of funding : Finance wages for teachers, rescuers and public employees, and pay assistance to
internally displaced persons, low-income families and people with disabilities.
d. Since February 2022, Ukraine has received 27 billion dollars in grants from the US to support its
budget.
6. Turkey Blocks Instagram Amid ‘Censorship’ Row

• Context: Blocked access to Instagram for its
85 million people
• Country: Turkey
• Reason: Did not disclose a reason
• Report suggestion: The ban was a response to the platform removing posts related to the death of Hamas
leader Ismail Haniyeh. • President: Recep Tayyip Erdoğan
7. ADB, World Bank's IFC, DEG pump $275 million into Fourth Partner Energy
a. Asian Development Bank (ADB), World

Bank’s IFC and DEG have pumped in an
aggregate equity investment of $275 million
in Hyderabad-based green energy platform
Fourth Partner Energy (4PE).
b. This makes it their largest investment in India’s renewable energy (RE) sector.
8. Three Indian Ocean structures named Ashoka, Chandragupt and Kalpataru

• Three names: Ashoka seamount, Chandragupt ridge, and Kalpataru ridge
• Proposed by: India
• Approved by: International Hydrographic Organization (IHO) and UNESCO’s Intergovernmental
Oceanographic Commission (IOC)
• All the three recently named structures were discovered by oceanographers from the National Centre for Polar
and Ocean Research (NCPOR), Goa.

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• Since 2004, India has been undertaking the Indian Southern Ocean Research Programme with NCPOR being
the nodal agency.
9. WHO declares mpox as a global public health emergency second time

• The World Health Organization (WHO) has declared mpox a global public health emergency for the second
time in two years.
• The health emergency declaration came following an outbreak of the viral infection in the Democratic Republic
of Congo which subsequently spread to neighbouring countries including Burundi, Kenya, Rwanda and
Uganda.
• Mpox can spread through close contact. Usually mild, it is fatal in rare cases.
• It causes flu-like symptoms and pus-filled lesions on the body.
10. India signs first-ever green ammonia export agreement with Japan
• Agreement between: India and Japan
• Companies: Sembcorp Industries, Sojitz Corporation, Kyushu Electric Power Co., and NYK Line
• Reason: First-ever agreement for the export of Green Ammonia from India to Japan.
• This project offtake agreement marks a crucial step forward in India’s aim to become a global leader in green
hydrogen and ammonia production.
• Under the agreement, Sembcorp Industries will lead the production of green ammonia in India
• Additionally, Kyushu Electric Power Co. has committed to integrating this green ammonia into their energy
mix,
• Sojitz Corporation will act as the business intermediary,
• NYK Line will oversee the maritime transportation of the green ammonia from India to Japan.
11. Sri Lanka announces visa-free access to Indians, 34 other nations from October 1
• Visa free entry in Sri Lanka
• Access to: 35 countries (including India)
• Reason: Boost tourism and economy
12. WHO declares Mpox as PHEIC for the second time

• PHEIC : public health emergency of international concern
• Location : Democratic Republic of Congo and other African countries
• Earlier in July 2022 it was declared as PHEIC by the WHO.
• Designating a disease as a Public Health Emergency of International Concern is the WHO's highest alert level.
• Announced since 2005.
• Mpox is a viral illness caused by the monkeypox virus, a species of the genus Orthopoxvirus.
• The virus was first identified in monkeys in 1958 but
has since been found to infect humans as well.
13. Azerbaijan applies to join BRICS

• Azerbaijan formally applied to join the BRICS bloc of
developing economies.
• BRICS: Brazil, Russia, India, China and South Africa
• New Members of BRICS: Egypt, Ethiopia, Iran and the
United Arab Emirates.

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14. Amul Tops Global Food Brand Rankings in 2024

• Ranking by: Brand Finance
• Report: Global Food & Drinks Report 2024
• Amul has been named the world’s strongest food brand
• Amul’s impressive BSI score of 91 out of 100 and brand value of $3.3 billion
• Hershey’s, which shared the AAA+ rating with Amul, saw a slight dip in its brand value, placing it second.
15. PM Modi to travel to Ukraine on armoured 'Train Force One'

• Prime Minister Narendra Modi will board ‘Train Force One’, the luxury Polish train, to travel to the Ukrainian
capital Kyiv.
• The visit is expected to last around seven hours, with nearly 20 hours spent travelling by train.
• This train was originally built in 2014 for tourists in Crimea
• These luxury carriages were repurposed after Russia’s annexation to transport world leaders and VIPs
through the war-torn country.
• Why Train Force One?
• The decision to use Train Force One is part of a broader diplomatic strategy.
• The damage inflicted on the country’s electricity networks and power generation facilities by Russia has
increased the travel time for trains from the Polish border to Kyiv, the Ukrainian railway system has managed
to maintain train operations with minimal delays.
16. China Approves $31 Billion for 11 New Nuclear Reactors Across Five Sites
• China has approved the construction of 11 new nuclear reactors across five sites i.e. Jiangsu, Shandong,
Guangdong, Zhejiang, and Guangxi.
• Total investment of approximately 220 billion yuan ($31 billion).
• This marks a record number of permits as the government intensifies its reliance on nuclear energy to reduce
carbon emissions.
• The construction is expected to take about five years.
• By 2030, China is projected to surpass France and the U.S. as the world’s largest atomic power generator.
17. India Approves Additional 251 MW Power Exports from Nepal

o India’s Designated Authority for Cross-Border Trade has approved an additional 251 MW of power exports
from 12 hydropower projects in Nepal.
o For the first time, Nepal would be exporting power to Bihar through a medium-term power sales agreement.
o This takes the total allowed quantum from 690 MW from 16 projects to 941 MW from 28 projects.
o Nepal Electricity Authority has also entered into medium-term power sales agreements with distribution
companies in Haryana and Bihar.
o India has also opened the provision of counting hydropower imports from Nepal as a part of the Hydropower
Purchase Obligation (HPO) for buyers in India, which further incentivises buyers to purchase power from
Nepal.
18. WB issues world’s 1st carbon removal bond to fund Amazon reforestation
• New Bond : To link investors’ financial returns to the amount of carbon removed from the atmosphere to help
save the Amazon rainforest.
• Tenor : nine-year
• Amount : $225 million
• Focus : fund reforestation in the Amazon.

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• Investors receive a fixed annual coupon of 1.745%, lower than similar World Bank bonds, with $36 million in
foregone coupons funding Brazilian startup Mombak Gestora de Recursos Ltda.’s reforestation efforts.
• Mombak will use the funds to partner with landowners to reforest land with native trees, producing carbon
credits to be sold to Microsoft Corp.
19. Germany Joins United Nations Command in South Korea as 18th Member State
• Germany’s recent inclusion in the U.S.-led United Nations Command (UNC) in South Korea marks a significant
expansion of the command’s member states, now totaling 18 nations.
• This move underscores Berlin’s commitment to global security, linking European stability to the broader Indo-
Pacific region.
• Established in 1950, the UNC was created to restore peace and enforce the Korean War armistice, serving as a
communication channel with North Korea.
• In 1953, the Korean Armistice Agreement was signed between the UN Command, the Korean People's Army
and the Chinese People's Volunteer Army.
• It led to an official ceasefire without a Peace treaty. Thus, the war officially never ended.
• This also led to the establishment of the Korean Demilitarised Zone (DMZ) – a strip of land running across the
Korean Peninsula to serve as a buffer zone between North Korea and South Korea.
India & the World

1. ADB to give $200 mn loan to India for solid waste management in 100 cities
• Asian Development Bank and the Government of India recently signed a $ 200 million (about Rs 1,700 crore)
loan to improve solid waste management and sanitation in 100 cities across eight states in the country.
• The programme supports the objectives of the government's Swachh Bharat (Clean India) Mission - Urban 2.0
by enhancing sanitation and solid waste management infrastructure, including waste segregation, collection
and disposal.
2. India Elected As Vice Chair of Supply Chain Council Under Indo-Pacific Economic Framework
• India has been elected as Vice Chair of the Supply Chain Council.
• The Ministry of Commerce and Industry termed it a significant milestone for the country.
• India and 13 other Indo-Pacific Economic Framework (IPEF) partners have established three supply chain
bodies under the landmark Indo-Pacific Economic Framework for Prosperity Agreement relating to supply
chain resilience.
• The USA has been elected as Chair of the Supply Chain Council.
• South Korea was elected as Chair and Japan as Vice Chair of the Crisis Response Network
• While for the Labour Rights Advisory Board, the USA is Chair and Vice Chair is from Fiji.
• Supply Chain Resilience is a pillar out of four pillars under the IPEF framework.
• IPEF was launched in May 2022 in Tokyo, Japan, comprising 14 countries.
3. India Assumes Chair Of Asian Disaster Preparedness Centre

• India has assumed the Chair of the Asian Disaster Preparedness Centre (ADPC).

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• As a representative of the Government of India, Rajendra Singh, a Member, of the National Disaster
Management Authority took over the Chair of ADPC from China for the year 2024-25 in Bangkok, Thailand.
• ADPC:
• An autonomous International Organization for cooperation in and implementation of disaster risk reduction
and building climate resilience in Asia and the Pacific region.
• India and eight neighbouring countries Bangladesh, Cambodia, China, Nepal, Pakistan, Philippines, Sri Lanka,
and Thailand are the founding members of ADPC.
4. EAM Jaishankar Unveils Bust of Mahatma Gandhi in Tokyo

• Event: Ongoing QUAD Summit, Japan
• External Affairs Minister S. Jaishankar unveiled a bust of Mahatma Gandhi in Edogawa ward, Tokyo.
• Edogawa ward is home to a significant Indian community and known as “Little India.”
5. Jaishankar Unveils Commemorative Postage Stamp Of Ram Lalla In Laos

• The External Affairs Minister S Jaishankar unveiled a special commemorative stamp set showcasing Ram
Lalla’s idol from Ayodhya.
• Location: Laos
• Event: ASEAN Summit
6. Australia Announces Maitri Grants For Research And Cultural Collaboration With India
a. Launch of: Maitri Research and Cultural Partnerships Grants
b. Between: Australia and India
c. Aim: To foster Australia-India collaboration, encompass sustainable manufacturing, energy transition
research, and artistic projects
d. Administered by: Centre for Australia-India Relations
e. The five Maitri Research Grants will explore opportunities in agribusiness, critical technology, energy
transition, and advanced manufacturing.
7. India’s First GI-Tagged Fig Juice Exported to Poland
a. Context: Exporting India’s first GI-tagged fig juice to

Poland
b. By: Purandar Highlands Farmers Producer Company
Ltd
c. This follows the successful export of India’s first
commercial consignment of GI-tagged Purandar figs
to Hong Kong in February 2023.

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8. India and Denmark Collaborate on Clean River Initiative
• Agreement between: India and Demark

• Reason: To launch Smart Laboratory on Clean Rivers (SLCR)
• Initial funding: Rs 16.8 crore from the Jal Shakti Ministry and an additional Rs 5 crore from Denmark.
• Aim: To revitalize the Varuna River using advanced technologies and a comprehensive river management plan
over a 2-3-year period.
• The SLCR will utilize hydrological models to analyze the river’s water dynamics and develop a holistic river
management strategy.
• The final phase of the project focuses on the Hydrogeological Model of the Varuna Basin for Recharge Sites.
Agreements & MoUs

1. Karnataka Bank partners with ICICI Lombard General Insurance Company
• Karnataka Bank announced its strategic partnership with ICICI Lombard General Insurance Company.
• Karnataka Bank customers will have access to a wide range of comprehensive insurance products and services
provided by ICICI Lombard.
• These offerings include health insurance, motor insurance, travel insurance, home
insurance, and more, catering to the diverse insurance needs of individuals and businesses
alike.
2. RITES and NHAI partnered for Consultancy Services

• Rail India Technical and Economic Service Limited (RITES) has partnered with the National
Highways Authority of India (NHAI) to provide consultancy services for highways, bridges,
tunnels, and road safety audits.

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3. Signing of Donor Agreement between Ministry of Ayush, Government of India and WHO
• The Ministry of Ayush, Government of India and the World Health Organization signed a Donor Agreement
during a signing ceremony organized at WHO Headquarters in Geneva.
• Through this collaboration, the Government of the Republic of India will donate US$ 85 million over 10 years
(2022-2032) to support the operations of the WHO Global Traditional Medicine Centre (GTMC) in Jamnagar,
Gujarat, India.
• The Donor agreement recognizes the establishment of the WHO Global Traditional Medicine Centre as a key
knowledge hub for evidence-based Traditional Complementary and Integrative Medicine (TCIM) aiming to
advance the health and well-being of people and the planet.
4. India & Vietnam sign nine agreements

• India and Vietnam signed nine agreements to deepen comprehensive strategic partnership and enhance
cooperation in the fields of customs, agriculture, legal, radio and television broadcast, culture, and tourism.
• Both countries agreed on a plan of action for the implementation of the Comprehensive Strategic Partnership
during 2024-2028.
• MoU between the Central Agricultural University of Manipur and the Vietnam Academy of Agricultural
Sciences, Hanoi, for cooperation in agricultural research and education.
• MoU between Prasar Bharati and the Voice of Vietnam for cooperation on radio and television was also signed.
• Two-dollar credit line agreements between the two countries amounting to 300 million US dollars were also
finalized.
• Vietnam will join the Coalition for Disaster Resilient Infrastructure.
5. Sansera Engineering inks ₹2,100 crore MoU with Karnataka
• Sansera Engineering Limited and the government inked a

Memorandum of Understanding (MoU), which significantly
boosted the state of Karnataka's economy.
• The pact, worth Rs 2100 crore, aims to boost the automotive and
non-automotive industries by expanding Sansera's
manufacturing capacity at Harohalli, Ramanagara.
6. iDEX, AFMS sign MoU for developing technologies

• Innovations for Defence Excellence-Defence Innovation Organisation (iDEX-DIO) has signed an MoU with
Armed Forces Medical Services (AFMS) for the launch of Medical Innovations and Research Advancement
(MIRA).
• Aim: To foster innovation and research in developing novel medical technologies and their induction into the
Armed Forces.
7. Tata Power Solar partnered with Bank of India for Solar & EV Financing
• Tata Power Solar Systems Ltd partnered with Bank of India (BOI) to facilitate financing for rooftop solar
installations and EV charging stations, becoming the first solar company to collaborate with BOI in these areas.
• This collaboration supports the govt's initiatives to promote rooftop solar installations such as PM Surya Ghar
Yojana, National Solar Mission, International Solar Alliance.
8. Japan's Mitsubishi Motors set to join Honda-Nissan alliance: Report

• Japan's Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, creating a tie-up
between automakers with combined sales of more than 8 million vehicles.

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• Mitsubishi Motors, which is 34% owned by Nissan, will work with Honda and Nissan to finalise the details of
their strategic partnership.
9. NIEPID and Hans Foundation launch new Mobile Therapy Buses

• The National Institute for the Empowerment of Persons with Intellectual Disabilities (NIEPID) and the Hans
Foundation, announced the launch of Mobile Therapy Bus initiative.
• This transformative programme aims to address the unique needs of children with disabilities in marginalized
communities through the deployment of five Mobile Therapy Buses in Noida, Ghaziabad, Kolkata and Mumbai.
10. MoD, NSE Sign MoU To Facilitate Capital Market Access To MSMEs
• Ministry of Defence and National Stock Exchange of India Limited signed a Memorandum of Understanding
(MoU) to facilitate capital market access to the MSMEs.
• he MoU intends to facilitate MSMEs in the defence sector to raise productive capital for their growth plan in
an efficient and transparent manner through the NSE platform ‘NSE Emerge’.
• The platform offers new and viable options for raising equity capital from a diversified set of investors.
11. HSBC India enters into bancassurance partnership with SBI GI
• SBI General Insurance Company Limited has entered into a

bancassurance agreement with HSBC India.
• This partnership will allow the distribution of non-life insurance
products, making it a significant milestone to widen insurance
accessibility across the country and helping increase insurance
penetration
12. GAIL signs MoU for a stake in Rajasthan Govt's power plants
a. MoU between: GAIL & Rajasthan Rajya Vidyut Utpadan Nigam Limited
b. Agenda: To explore forming a joint venture to manage gas-based power plants and develop 1,000 MW
of solar and wind projects
c. Aim: To enhance the efficiency of gas-based power operations in Rajasthan, with GAIL leveraging its
extensive natural gas supply network.
13. ISLRTC and Army Welfare Association Society Sign MoU
a. MoU between: The Indian Sign Language Research and Training Centre (ISLRTC) and the Army
Welfare Association Society (AWES
b. Reason: To train school administrators, students, parents and teachers in promoting Indian Sign
Language (ISL)
14. CIL & GAIL Sign a JV for Setting up Coal to SNG Plant
a. Collab between: Coal India Limited (CIL) and GAIL (India) Limited (GAIL)
b. Reason: Setting of a Coal to Synthetic Natural Gas (SNG) plant using surface coal gasification (SCG)
technology.
c. The plant to come up in Raniganjarea of Eastern Coalfields Limited, West Bengalis planned to produce
80000 Nm3 per hour of Synthetic Natural Gas (SNG)
d. Synthetic Natural Gas (SNG)is a fuel gas predominantly consisting of methane, CH4 which is a
feedstock for production of various chemicals and fertlizers.
15. Gati Shakti Vishwavidyalaya in collaboration with Airbus
a. Collab between: Gati Shakti Vishwavidyalaya and Airbus

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b. First executive training program for the aviation sector in New Delhi
c. Focus: Safety Management Systems for working professionals.
16. India and Saint Christopher & Nevis Sign Memorandum of Understanding
a. MoUs between: India and Federation of Saint Christopher and Nevis
b. Agenda: Cooperation in sports matters.
17. RailTel, Cylus join forces to strengthen cybersecurity in Indian railways
a. RailTel and Cylus are committed to strengthening the Indian railway infrastructure and cybersecurity
posture.
b. Aim: To ensure the safety and reliability of vital railway technologies.
c. This partnership represents a significant step in securing India’s railway infrastructure against
emerging cyber threats.
18. MTNL enters 10-year service agreement with BSNL
• Delhi and Mumbai service provider Mahanagar Telephone Nigam Limited (MTNL) entered a service
agreement with BSNL for a 10-year period.
• The agreement can be revoked by mutual consent of the two parties by giving a six-month notice.
• MTNL also announced approval for closure of Millennium Telecom Limited (MTL), a wholly owned subsidiary
of MTNL.
• The procedure will comply with applicable DIPAM guidelines and will follow the process as per SEBI/
Company laws.
19. JSW Steel to invest $120 mn in Australian miner

• JSW Steel acquired up to 66.67 per cent in the Australian miner, M Res NSW
• Aim: To boost raw material security
• The investment will be made through wholly owned subsidiary JSW Steel (Netherlands) BV.
• The company would have to further invest $50 million in M Res NSW towards deferred consideration payable
in 2030.
20. Wipro expands partnership with Google Cloud to adopt AI tech Gemini
• Wipro partnered with Google Cloud to scale its adoption of Google Cloud AI.
• Aim: To train its workforce with generative AI-powered tools using Vertex AI and Gemini models for developer
productivity and better cloud migration.
21. Amazon India partners with Gentari for 10,000 EV deployment by 2025
• Partnership with : Amazon India and Gentari
• Reason: To form a strategic partnership with electric mobility firm Gentari for its EV deployment programme
• Target: A fleet of 10,000 electric vehicles for last-mile deliveries by 2025.
22. India and Maldives renew MoU for training 1,000 Civil Service Officers
• External Affairs Minister, Dr S Jaishankar, and his Maldivian counterpart, Moosa Zameer has renewed the
Memorandum of Understanding (MoU) for capacity building of one thousand Maldives civil services officers
during the period 2024-2029.
• The MoU was renewed on 9th of this month in the capital of Maldives.

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23. ‘IRCTC And DMRC Collaborate To Introduce 'One India-One Ticket' Initiative For A Smoother Travel
Experience
• Launch of: One India-One Ticket

• Launched by: Indian Railway Catering and Tourism Corporation
(IRCTC) and the National Capital Region Transport Corporation
(NCRTC)
• Aim: To enhance the travel experience for passengers on Indian
Railways and Namo Bharat Trains.
• It will allow passengers to book Namo Bharat tickets through
IRCTC platform with flexible cancellation and payment.
24. NHA and Maharashtra University of Health Sciences (MUHS) sign MoU
• MoU between: National Health Authority (NHA) and Maharashtra University of Health Sciences (MUHS)
• Reason: To promote Digital Health Education
• MUHS will offer its Digital Health Foundation Course (DHFC) to NHA and co-develop additional Digital Health
programs, as suggested by NHA to support the roll-out of Ayushman Bharat Digital Mission (ABDM).
25. Bharti Global to Acquire 24.5% Stake in BT Group

• Acquistion of: Bharti Global (International investment arm of Bharti Enterprises)
• Acquired by: British telecom giant BT Group
• Stakes: 24.5% stake
• Value deal: $4 billion
• The shares will be purchased through Bharti Televentures UK Ltd, a wholly owned subsidiary of Bharti Global.
26. India & US Sign MoU to Promote Cooperation on Small & Medium Enterprises
• MoU between: Ministry of Micro, Small and Medium Enterprises (India) and Small Business Administration
(SBA) (USA)
• Reason: To promote Cooperation on Small and Medium-size Enterprises (SMEs)
• Aim: To provide a framework for both sides to discuss issues concerning MSMEs and explore possibilities of
cooperation.
• It also provides for the joint conduct of programmes for women entrepreneurs to empower them and facilitate
trade partnerships between women-owned small businesses of the two countries.
27. India, Israel join hands for new water technology centre at IIT Madras
• India and Israel have joined hands for the establishment of a new water technology centre at IIT-Madras
• Aim: To serve as a "key contributor" to India's efforts to achieve sustainable water supply for all.
• The deal a "significant milestone" in the ongoing collaboration between the two countries in the field of
integrated water resource management.
28. CSIR-NGRI and NRSC-ISRO sign pact to study Himalayan range for quakes
• CSIR-National Institute of Geophysical Research Institute (NGRI) and the National Remote Sensing Centre
(NRSC) of the Indian Space Research Organisation (ISRO) have signed a memorandum of understanding
• Aim: To conduct a detailed investigation of the tectonic strain build up for the earthquakes in the Himalayan
ranges.
• Both the organisations will collaborate for the next three years using the information on the crustal
deformation measured at the ground through continuous GPS and satellite-based observations to calculate
high resolution images of crustal deformation in the western Himalayas for the seismic hazard assessment

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29. MoU Between DARPG, Government of India And Public Service Department
• MoU Between: Department of Administrative Reforms and Public Grievances (DARPG), India and Public
Service Department, Malaysia
• Reason: ‘Co-operation in the field of Public Administration and Governance Reforms’ for a period of five years
w.e.f. 20th August, 2024.
• Aim: To encourage and promote co-operation in the areas like Providing Citizen Centric Services through
digital platform; Government Process Simplification.
30. GAIL, Petron ink MoU to explore setting up of a bio-ethylene plant in India
•
• MoU between: GAIL and US-based Petron Scientech
• Aim: To explore a joint venture for setting up a 500 Kilo Tonne per Annum (KTA) bio-
ethylene plant in India.
• GAIL and Petron will jointly undertake feasibility studies to ascertain the technical
viability and financial prospects of the project.
31. Government partners with MicroSave to optimise Community Investment Support Fund
• The Centre has roped in private consulting firm MicroSave
• Reason: To optimize utilisation of Community Investment Support Fund (CIF) and enhance the effectiveness
and sustainability of organizations working under the Rural Livelihood Mission.
• Under this partnership, MicroSave Consulting will conduct a detailed analysis and provide strategic
interventions to optimize CIF disbursement and utilization by Cluster Level Federations (CLFs).
• The focus will be on strengthening the financial structures and management systems of CLFs under the
Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM).
32. KVIC & DoP Sign MoU For Physical Verification of PMEGP
• Khadi and Village Industries Commission (KVIC) signed an important MoU with the Department of Posts
• the employees of the Postal Department working across the country will do physical verification of new units
being set up across the Country under the Prime Minister Employment Generation Programme (PMEGP).
• KVIC will also train the employees of the Postal Department for physical verification.
33. Zelestra inks pact to supply 450 MW solar power to NTPC

• MoU between: Zelestra (Spanish renewable energy company) and NTPC
• Tenure: 25-year agreement
• Zelestra to supply electricity from its 450 MW solar plant in Rajasthan to NTPC.
• The solar project is projected to produce 801 GWh annually, with a notable reduction in CO2 emissions over
its lifespan.
• This (supply of power) will result in a significant reduction of 13,555.774 metric tonnes of CO2 emissions over
25 years.
34. NCLT Approves Slice and North East Small Finance Bank Merger
o Approval from the National Company Law Tribunal (NCLT)
o Merger of Slice with North East Small Finance Bank
o The Guwahati bench of the NCLT has sanctioned the scheme of arrangement and amalgamation involving
several entities, including Garagepreneurs Internet, Quadrillion Finance, Intergalactory Foundry, RGVN
(North East) Microfinance, and North East Small Finance Bank.

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35. CITI, ILO launch project to promote FPRW in India's cotton sector
• Collab between: The Confederation of Indian Textile Industry and the International Labor Organization
• Location: Madhya Pradesh
• The project targets 6.5 million farmers, focusing on women and small-scale farmers.
36. Buyofuel in tie-up with BSE E Agricultural Markets Ltd

• Buyofuel, one of India’s premier online marketplaces for biofuels, has entered into a strategic partnership with
BSE E Agricultural Markets Limited (BSE BEAM).
• This partnership aims to expand the reach and efficiency of the biofuel market, benefiting producers,
manufacturers, and consumers alike.
37. IITBBS inks pact with drone startup for disaster mgmt tech
• IIT Bhubaneswar signed a memorandum of understanding (MoU) with IG Drones
• Reason: To establish an Advanced Drone Excellence Centre at the institute's Research and Entrepreneurship
Park for the use of drone technology in disaster management.
• This collaboration is a proof to our commitment to fostering innovation and entrepreneurship in high-end
technology areas, aligning with our vision of ‘100 Cube’ — facilitating 100 startups worth Rs 100 crore each
— as Odisha turns 100 in 2036.
38. EEPC, ISSDA join hands to boost MSME exports

• The Engineering Export Promotion Council of India (EEPC India) and the Indian Stainless Steel Development
Association (ISSDA) signed an MoU to promote exports by MSME members.
• The two organisations will collaborate to identify potential export products and organise trade exhibitions,
buyer-seller meets, and economic summits.
39. Boeing Partners with AIESL for Component MRO to Support Indian P-8I Fleet
• MoU between: Boeing Partners with AI Engineering Services Ltd
• Aim: To offer overhaul services for the Indian Navy's P-8I maritime surveillance aircraft fleet.
• The first landing gear overhaul was completed at INS Rajali, Tamil Nadu.
• This partnership highlights India's growing capabilities in Maintenance, Repair, and Overhaul (MRO) services.
Appointments & Resignations

1.RBI nod to reappointment of Inderjit Camotra as MD and CEO of Unity Small Finance Bank
• MD and CEO of Unity Small Finance Bank: Inderjit Camotra

• Status: Reappointment
• Extension: 2 years
2. Lt Gen Sadhna Saxena Nair becomes first woman DG Medical Services
(Army)
• Lt Gen Sadhna Saxena Nair, assumed the office of Director General
Medical Services (Army), becoming the first woman to be appointed
to this prestigious position.
• Prior to this, she was the first woman to hold the post of DG Hospital
Services (Armed Forces) on promotion to the rank of Air Marshal.
3. Boeing's new CEO is aerospace veteran Robert ‘Kelly’ Ortberg

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• Boeing named aerospace veteran Robert "Kelly" Ortberg its next CEO who earlier lead aviation
communications and electronics supplier Rockwell Collins's integration into United Technologies, which then
merged with Raytheon to become RTX.
4. Prabodh Seth and Ramesh Narain appointed as Members of CBDT
• Name of Body : Central Board of Direct Taxes
• CBDT Chairman Ravi Agrawal
• Established : 1963
5. Manoj Mittal Takes Charge As SIDBI’s CMD
• Manoj Mittal has taken charge as Chairman and Managing Director (CMD) of the Small Industries Development
Bank of India (Sidbi).
• Sidbi was established on April 2, 1990, under an act of the Indian Parliament.
6. Venezuela President Nicolas Maduro Wins Presidential Election For Third Term
• In Venezuela, Nicolás Maduro has been declared the winner of Venezuela’s presidential election by the
National Electoral Council (CNE).
• It will be his third time as Venezuela’s President.
7. Former Union Health Secretary Preeti Sudan appointed as Chairperson of UPSC
• Former Union Health Secretary and 1983-batch IAS officer Preeti Sudan has been appointed as the
Chairperson of the Union Public Service Commission (UPSC).
• President Droupadi Murmu has approved the appointment of Ms. Sudan.
• She will take charge on 1st August.
• Ms Sudan will succeed Dr. Manoj Soni, who resigned earlier this month before the end of his tenure.
8. Sanjay Shukla assumes charge as managing director of National Housing Bank
• The National Housing Bank announced that Sanjay Shukla has officially taken on the role of managing director
(MD) as of July 30, 2024.
9. Om Prakash Mathur sworn in as 18th Governor of Sikkim
• Om Prakash Mathur has been sworn in as the 18th Governor of Sikkim, Sikkim High Court Chief Justice
Biswanath Somadder administered the oath of office and secrecy to Mr Mathur.
• Comprehensive List of New Governors Appointments
• Rajasthan: Haribhau Kisanrao Bagde
• Telangana: Jishnu Dev Verma
• Jharkhand: Santosh Kumar Gangwar
• Chhattisgarh: Ramen Deka
• Meghalaya: C H Vijayashankar
• Maharashtra: C.P. Radhakrishnan
• Punjab: Gulab Chand Kataria
• Assam and Manipur: Lakshman Prasad Acharya
10. Chandra Lal Das Appointed Additional Secretary of Steel Ministry

• Secretary of the Ministry of Micro, Small, and Medium Enterprises Chandra Lal Das has been given additional
charge of the Secretary of the Steel Ministry.
• The additional charge was given following the superannuation of Steel Ministry secretary Nagendra Nath
Sinha.

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11.SEBI Approves Praveena Rai as New MD & CEO of MCX
• SEBI has approved Praveena Rai as the new MD & CEO of MCX
• Replaced: PS Reddy
12.Tunisian President Kais Saied Appoints Kamel Madouri as New Prime
Minister
a. Tunisian President Kais Saied dismissed Prime Minister Ahmed
Hachani and appointed Kamel Madouri.
13.Senior Bureaucrats, Amit Negi Made Additional Secretary In PM's Office
b. Additional secretary in the PMO: Amit Negi

c. Deputy election commissioners in ECI: Maneesh Garg, Sanjay Kumar and Ajeet Kumar
d. CEO of Khadi and Village Industries Commission: Vatsalya Saxena
e. DG of the Employees' State Insurance Corporation: Ashok Kumar Singh
f. CEO of National eGovernance Division (NeGD): Nand Kumarum
14. Lt Gen Vikas Lakhera Assumes Charge as Assam Rifles Director General
a. New Director General of the Assam Rifles: Lt Gen Vikas Lakhera
b. Succeeded: Lt General P C Nair
15. DBS Bank CEO Piyush Gupta to step down in March 2025
a. Bank name: DBS Bank

b. New CEO: Tan Su Shan
c. Succeeded: Piyush Gupta (Step down in March 2025)
16. K. Kailashnathan takes oath as Lt. Governor of Puducherry
a. New LG of Puducherry: K. Kailashnathan
b. Oath administered by: Acting Chief Justice of the Madras High Court D. Krishnakumar
17. Government appointed C S Setty as Chairman of SBI
a. New Chairman of SBI: C S Setty

b. Tenure: 3 years
c. Replace: Dinesh Kumar Khara
d. Effective from: August 28, 2024
18. Muhammad Yunus to head interim govt of Bangladesh
a. Muhammad Yunus is a Nobel Peace Prizewinning economist and social entrepreneur
b. Pioneering work: Grameen Bank
c. Nobel prize: 2006
d. Notched up 16 centuries
19. Janet Yang Re-Elected Film Academy’s President
• President of Academy of Motion Picture Arts and Sciences: Janet Yang

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• She is elected as President of Academy of Motion Picture Arts and Science for third time.
20. Lt Col Kabilan Sai Ashok, India’s Youngest Boxing Referee At Olympics
• Context: India’s Youngest Boxing Referee At Olympics
• Name: Lt Col Kabilan Sai Ashok
• AgeL 42 years
• Currently serving in Indian Army as Joint Secretary at Services Sports Control Board.
21. Dr. Grinson George Appointed Director of ICAR-CMFRI

a. New Director of ICAR-CMFRI: Dr. Grinson George
b. ICAR-CMFRI: ICAR-Central Marine Fisheries Research Institute (CMFRI)
c. He served as Senior Programme Specialist at SAARC in Dhaka.
22. Daljit Singh Chawdhary takes over additional charge of Director General, BSF
a. New Director General, BSF: Daljit Singh Chawdhary
b. Status: Additional Charge
c. Currently serving: DG SSB
23. Senior IAS Officer T V Somanathan Appointed Cabinet Secretary
• New Cabinet Secretary: T V Somanathan

• Tenure: 2 years (effective from 30th August 2024)
• Replaced: Rajiv Gauba
24. Deepak Sood appointed as whole time member

(non-life) of Irdai
• Deepak Sood has been appointed as Whole Time
Member (Non-Life) of the Insurance Regulatory and
Development Authority of India (Irdai).
• He will serve as the Whole Time Member until he attains the age of 62 years or until further orders from the
date of assumption of charge, whichever is earlier.
25. Rana AK Singh takes over as MD of SBI

• New MD of SBI: Rana AK Singh
• Other MD of SBI:
• Ashwini Kumar Tewari
• Vinay M Tonse
• C.S. Setty (Next Chairman of SBI, effective from August 28)
26. Raj Kumar Chaudhary Takes Helm as Chairman & Managing Director of NHPC Ltd
• Chairman & Managing Director of NHPC Ltd: Raj Kumar Chaudhary
27. Govind Mohan next Home Secretary

• Govind Mohan as the next Union Home Secretary.
• Takes over from Ajay Kumar Bhalla

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28. P Harish appointed as India's Permanent Representative to United Nations
• The Ministry of External Affairs appointed seasoned diplomat Parvathaneni Harish as India's next Permanent
Representative to the United Nations in New York.
• Harish, a 1990-batch Indian Foreign Service officer, is presently serving as India's ambassador to Germany.
29. South African pacer Morne Morkel named India's bowling coach
• Former South African pacer Morne Morkel has been appointed as the new bowling coach of the Indian team.
• The 39-year-old Morkel was new chief coach Gautam Gambhir's primary choice, having worked with him at
Lucknow Super Giants.
30. Japanese PM Fumio Kishida announces decision to step down

• Context: Japanese Prime Minister Fumio Kishida would step down in September 2024.
• Reason: He has fallen in the wake of a corruption scandal
31. Kwatra Takes Charge An Indian Ambassador To US

• Indian Ambassador To US: Kwatra Takes
• Replaced: Taranjit Singh Sandhu
• He has served as the 34th Foreign Secretary of India
32. Rajesh Nambiar quits as Cognizant’s India head to become NASSCOM president
• NASSCOM president: Rajesh Nambiar
• Cognizant named Rajesh Varrier as his successor.
33. Nestle replaces CEO Mark Schneider with company veteran Laurent Freixe
• New CEO of Nestle: Laurent Freixe
• Replaced: Mark Schneider
34. Rajesh Kumar Singh is New Defence Secretary

• He will replace Aramane Giridhar, who retires October 31.
• Expenditure Secretary : Manoj Govil
• Department for Promotion of Industry and Internal Trade (DPIIT) secretary : Amardeep Singh Bhatia
• Secretary, Department of Personnel and Training : Vivek Joshi
• Financial services secretary : Nagara ju Maddrila
35. Ashok Kumar Singh takes over the charge of Director General, ESIC
• Ashok Kumar Singh took over the charge of Director General of Employees’ State Insurance Corporation (ESIC)
under Ministry of Labour & Employment.
36. Satya Prakash Sangwan Appointed Chef de Mission for India’s Paris 2024 Paralympic Contingent
o The Paralympic Committee of India (PCI) has appointed Satya Prakash Sangwan as the Chef de Mission (CMD)
of the Indian contingent for the upcoming Paris 2024 Paralympic Games. Sangwan, is also the Vice-President
of PCI.
37. Riiohlang appointed Asst. Referee for 8th FIFA U-17 Women’s World Cup
o The world football governing body FIFA has selected Meghalaya’s Riiohlang Dhar as an assistant referee for
the eighth U-17 Women’s World Cup to be held in the Dominican Republic.

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o The eight FIFA U-17 Women’s World Cup will be held in the Dominican Republic from 16 October to 3
November 2024.
38. M Suresh Appointed as Interim Chairman of Airports Authority of India

• Interim Chairman of Airports Authority of India: M Suresh
• Replaced: Sanjeev Kumar
39. BCCI secretary Jay Shah likely to be named as ICC chairman
• New Chairman of ICC: Jay Shah (Expected)
• Replace: Greg Barclay
• Indians who have chaired the ICC:
o Jagmohan Dalmiya (1997 to 2000)
o Sharad Pawar as president (2010-2012)
o N Srinivasan (2014 to 2015)
o Shashank Manohar as chairman (2015 to 2020)
40. Deepti Gaur Mukherjee Assumes Charge as MCA Secretary
• Deepti Gaur Mukherjee, a 1993 batch IAS officer of the Madhya Pradesh cadre, has taken over as the Secretary
of the Ministry of Corporate Affairs (MCA), succeeding Manoj Govil
Awards & Recognitions

1. President Droupadi Murmu Conferred “Companion of the Order of Fiji”
• President Murmu was conferred with the Companion
of the Order of Fiji, the highest honor bestowed by the
Fijian government.
• This prestigious recognition symbolizes the deep
respect and strong ties between India and Fiji.
• The Vigyan Ratna Puraskar: Honoring a Lifetime of

Achievement
• Dr. Govindarajan Padmanabhan: The First Recipient
• The highest honor, the Vigyan Ratna Puraskar, has
been awarded to Dr. Govindarajan Padmanabhan
• Thirteen scientists received the Vigyan Shri award for their distinguished contributions across different
scientific domains.
• Eighteen young scientists under the age of 45 were honored with the Vigyan Yuva-Shanti
Swarup Bhatnagar awards,
2. KIIT DU Awarded Prestigious UN ECOSOC Special Consultative Status

• KIIT Deemed to be a University, Odisha has been granted the distinguished Special Consultative Status by the
United Nations Economic and Social Council (UN ECOSOC)
• Recognizing the University's substantial contributions to the Sustainable Development Goals (SDGs).
• The status was conferred during the UN ECOSOC management segment meeting at the United Nations
Headquarters in New York.

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3. Mandela Legacy Sites in South Africa Get UNESCO Heritage Tag

• Name : 'Human Rights, Liberation Struggle and Reconciliation: Nelson Mandela Legacy Sites'
• The South African delegation celebrated the announcement made during the World Heritage Committee
session in New Delhi.
4. Jitendra Singh Conferred The Prestigious “Lifetime Achievement Award”
• Union Minister Dr. Jitendra Singh was conferred the prestigious “Lifetime Achievement Award” for his
exemplary dedication to the advancement of diabetology, diabetes care and diabetes research he earned
acknowledgement across the country and overseas
• Event: International Meet of leading medical celebrities, professionals and Medicos
5. CWC wins GEEF Global WaterTech Award

• The Central Water Commission (CWC) has been honoured with the GEEF Global WaterTech Award under the
category ‘Water Department of the Year’ at the prestigious Global Water Tech Summit -2024 organized by the
Global Energy and Environment Foundation (GEEF) in New Delhi.
6. Abhinav Bindra receives the Olympic Order Award

• Indian shooter Abhinav Bindra was awarded the prestigious Olympic Order by the International Olympic
Committee (IOC) at the 142nd IOC Session in Paris.
• He won India’s first individual Olympic gold in the Men’s 10-meter Air Rifle event at the 2008 Beijing Games.
7. President Droupadi Murmu honoured with Timor-Leste’s highest civilian award
• Highest civillian award to President Droupadi Murmu:
• Timor-Leste's Grand Collar of the Order of Timor-Leste
• Fiji's highest civilian award, 'Companion of the Order of Fiji'
8. Shah Rukh Khan received Pardo Alla Carriera award at 2024 Locarno Film Festival
• Actor Shah Rukh Khan was awarded the Pardo Alla Carriera award at the Locarno Film Festival 2024.
• First Indian to receive this award
4. NI-MSME, Hyderabad has been awarded Accreditation Certification as “UTKRISHT”
• Award to: National Institute for MSME (NI-MSME), Hyderabad

• Awarded with: Accreditation Certificate
• Grade: UTKRISHT, a 3 Star Rating
• Reason: Completion on National Standards for Civil Services Training Institutions (NSCSTI) process in
recognition of excellent services in the field of promotion and development of MSME
5. Atkinson and Athapaththu crowned ICC Players of the Month for July 2024

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•
6. President Droupadi Murmu approves 103 Gallantry Awards
• President Droupadi Murmu approved 103 Gallantry awards to Armed Forces and Central Armed Police Forces
personnel on the eve of Independence Day.
• Four Kirti Chakras including three posthumous
• 18 Shaurya Chakras
• 63 Sena Medals (Gallantry)
• 11 Nao Sena Medals (Gallantry)
• Six Vayu Sena Medals (Gallantry)
Tamil Epigrapher V. Vedachalam Honoured with Prestigious V Venkayya Epigraphy Award

• V. Vedachalam, a renowned Tamil epigrapher and historian, receives the prestigious V Venkayya Epigraphy
Award.
• Award Details
o Instituted by: Sunitha Madhavan, great-granddaughter of V. Venkayya
o Associated organization: Tamil Heritage Trust
o Frequency: Annual
Books & Authors

1. Piyush Goyal Launches ‘India@100’
• Union Minister of Commerce and Industry Piyush Goyal today launched the book titled ‘India@100:
Envisioning Tomorrow’s Economic Powerhouse’ authored by Prof. K V Subramanian in New Delhi.
2. PM Modi Praises Parimal Nathwani’s Book ‘Call of the Gir’
• Prime Minister Narendra Modi has appreciated the book Call of the Gir written by Rajya Sabha Member
Parimal Nathwani.
• This book will surely help all those interested in the majestic Gir Lion.
• MP Parimal Nathwani met the Prime Minister today and handed over his book to him.
Book Launch Spotlight: ’75 Great Revolutionaries of India’
• Name of Book: 75 Great Revolutionaries of India

• Author: Rajya Sabha MP, Bhim Singh
Amit Shah releases Tarun Chugh’s book ‘Modi’s Governance Triumph: Reshaping India’s Path to Prosperity’

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• Union Home Minister Amit Shah has released a book written by Tarun Chugh.
• Book Name: Modi’s Governance Triumph: Reshaping India’s Path to Prosperity
Launch of “Bharat Zero Emission Trucking (ZET) Policy Advisory” document
• Launched by: Prof. Ajay Kumar Sood, Principal Scientific Adviser (PSA)
• Advisory document titled “Bharat Zero Emission Trucking (ZET) Policy Advisory”
• The Bharat ZET Policy Advisory document has been conceived as a dynamic document, outlining a
comprehensive set of 30 policy interventions designed to accelerate ZET adoption in India.
3. Dharmendra Pradhan releases inaugural edition of e-magazine ‘Sapno ki Udaan’
• On the occasion of India’s National Space Day, Department of School Education & Literacy, Ministry of
Education in collaboration with NCERT released an e-magazine ‘Sapno ki Udaan’ to commemorate the 1st
anniversary of the landing of Chandrayaan-3 on the lunar South Pole.

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Sports
1. Gymnast-Turned-Shooter Wins Guatemala’s First Olympic Gold
• Name of Athelete : Adriana Ruano
• Country : Guatemala
• Highlight : First Olympic Gold Medal for Guatemala
• Gold in the women's trap with an Olympic-record score of 45 out of 50.
• Guatemala
• Capital : Guatemala City
• Currency : Quetzal
• Belize : Belmopan, Dollar
• Honduras : Tegucigalpa, Lempira
• El Salvador : San Salvador, Dollar
2. BFI Sets Up The National Basketball Academy In Collaboration With CAA

• The Basketball Federation of India (BFI) has set up the National basketball academy in collaboration with
Corvuss American Academy in Mumbai.
• For a start, the Academy will run with 30 boys and 30 girls from the school.
• There will be a nationwide hunt for talent to select 30 boys and 30 girls for the academy.
3. Lewis Hamilton Wins Belgian Grand Prix 2024

• Lewis Hamilton clinched victory at the 2024 Forsmula 1 Rolex Belgian Grand Prix after his Mercedes team-
mate George Russell, who initially crossed the finish line first, was disqualified due to a technical infringement
4. Sri Lanka to host 83rd edition of Madras-Colombo Regatta on August 3

• Sri Lanka’s Colombo is set to host the 83rd edition of the prestigious Madras-Colombo Regatta on 3rd August.
• This oldest sporting competition between India and Sri Lanka is the longest-running continuous regatta.
• The Madras Boat Club and the Colombo Rowing Club participants will showcase their rowing prowess.
• In 2023, The Regatta was hosted at the Madras Boat Club in Chennai.
5. Indian Tennis Legend Rohan Bopanna Retires

• Rohan Bopanna has announced his retirement from representing India in international competitions following
his exit from the Paris 2024 Olympics.
• Asian Games 2022: Gold, partnering with Rutuja Bhosale
• Grand Slam Victory: At the age of 43 years and nine months, he became the oldest man to win a Grand Slam
title in the Open Era of tennis.
• This remarkable feat was achieved when he and his partner Matthew Ebden emerged victorious in the men’s
doubles event at the Australian Open.
• French Open 2017 (First Glam Slam)
• French Open 2024
6. Paris Olympics 2024: India's men's hockey team's historic win over Australia
• Event: Paris Olympics 2024
• Match between: India and Australia

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• Match won by: India (by 3-2)
• Status: Qualified for the quarterfinals of men's hockey competition
• History: It is India's first win over Australia at the Olympics since 1972 Olympics in Munich.
• India's Hockey team captain: Harmanpreet Singh
7. Maharashtra Govt Awards ₹1 Crore to Bronze Medalist Swapnil Kusale

• Maharashtra Government has a cash reward of one crore rupees for Swapnil Kusale, who won the Bronze
Medal in the 50m Rifle 3 Positions event at the Paris Olympics 2024.
• Dr Mandaviya also awarded a cheque of Rs 22.5 lakh to Sarabjot Singh, who secured a bronze medal in the 10-
metre air pistol mixed team event alongside Manu Bhaker.
8. Vinesh Phogat disqualified from Paris Olympics for being overweight

• Indian wrestler Vinesh Phogat was disqualified from the 50kg freestyle wrestling for being overweight by
100 grams.
9. Vinesh Phogat Announces Retirement From Wrestling
• Disqualification:
• Category: 50 kg; Overweight by: 100 grams
• Winner of 50Kg Category: S. Hildebrandt (US)
10. Paris Olympics 2024: Pakistan's Arshad Nadeem breaks Olympic record to win javelin gold, silver for
India's Neeraj Chopra
• Pakistani javelin thrower Arshad Nadeem stunned the world by breaking the Olympic record with a throw of
92.97 meters during the Paris 2024 Olympics final at the Stade de France
• India’s Neeraj Chopra, the defending champion, won the silver with a throw of 89.45 meters.
• Nadeem's incredible feat surpassed the previous record set by Norway's Andreas Thorkildsen, who threw
90.57 meters at the 2008 Beijing Olympics.
11. Paris 2024 Olympics hockey: India ride Harmanpreet brace against Spain to win bronze medal
• The Indian men’s hockey

team came from a goal
down to beat Spain 2-1 and
win the bronze medal at the
Paris 2024 Olympics and
gave a befitting farewell to
veteran goalkeeper PR
Sreejesh who played his
last International match.
• The victory at the Yves-du-
Manoir Stadium saw India
secure a record-extending
13th medal in hockey at the
Olympics and the second

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bronze in successive editions.
• India, in fact, won successive medals in hockey for the first time since Munich 1972, played 52 years
ago.
12. Indian Wrestler Aman Sehrawat Secures Bronze at Paris 2024 Olympics
• India’s Aman Sehrawat clinched a bronze medal in the men’s 57kg wrestling category at the Paris 2024
Olympic Games.
13. India’s campaign at Paris Olympics concludes with total of six medals
14. Sreejesh and Bhaker to Co-Flag Bear for India at Paris 2024 Closing Ceremony
• The Indian Olympic Association (IOA) has announced that hockey goalkeeper PR Sreejesh and pistol shooter
Manu Bhaker will be the co-flag bearers for India at the closing ceremony of the Paris 2024 Olympic Games.
15. Para shuttler Promod Bhagat suspended for breaching anti-doping regulations
• Suspension of: Para shuttler Pramod Bhagat
• Suspended by: Badminton World Federation
• Tenure: 18 months
• Reason: For breaching the anti-doping regulations.
• The Federation announced that Tokyo 2020 Paralympic gold medal winner Pramod Bhagat has been
suspended on account of where about failure.
16. Haryana To Commence First-Ever Global Women’s Kabaddi League
• Sport title: Global Pravasi Women’s Kabaddi League (GPKL)
• Organized by: Holistic International Pravasi Sports Association (HIPSA) and World Kabaddi
• Location: Haryana
• Female athletes from over 15 countries.

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17. Hockey India Retires No. 16 Jersey in Tribute to Legendary Goalkeeper P.R. Sreejesh
• Retirement of: Hockey India legendary goalkeeper P.R. Sreejesh
• Jersey no.: 16
• He has been appointed as the new head coach for the Indian junior men’s hockey team.
18. Rohit up to No. 2 in ODI batting rankings behind Babar

• Babar Azam is still the No. 1 ODI batter in the ICC rankings, but Rohit Sharma has moved up to the second spot
following the ODI series in Sri Lanka.
19. Wrestler Neha Sangwan wins gold in U-17 World Championship

• Indian wrestler Neha Sangwan beat Japan's So Tsutsui 10-0 to win the gold medal in the 57kg category at the
U-17 World Championships in Amman, Jordan.
• Indian wrestler Ronak Dahiya won Bronze medal in Men’s Greco-Roman 110 kilograms event at Under-17
World Wrestling Championship in Jordan.
• Sainath Pardhi also secured Bronze in GR 51 kilograms category.
20. Germany Captain Ilkay Gundogan Announces International Retirement from Football
• Ilkay Gundogan, captain of the German national football team, has officially announced his retirement from
international football.a
Schemes
1.Govt constructed over 1.3 lakh km of roads under PMGSY
• Scheme: Pradhan Mantri Gram Sadak Yojana
• Launched in: 2000
• Construction:
• Roads (Since 2021): Over 1.3 lakh km of roads
• Bridge: Three thousand 509 bridges
• Phase IV of the scheme will be launched to provide all-weather connectivity to 25 thousand rural habitations.
2. Over 34 crore Ayushman Cards created under AB-PMJAY
• Scheme: Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)
• Creation of cards: More than 34 crore
• The scheme was implemented except National Capital Region of Delhi, West Bengal, and Odisha.
• Total number of hospital admissions: 7.37 crore
• Aim: To provide health cover of five lakh rupees per family per year for secondary and tertiary care
hospitalization to the beneficiaries
3. Govt Provides Electricity to 2.86 Crore Households Under SAUBHAGYA Scheme
• Name of Scheme : Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA).
• Launched : 2017
• Aim : universal household electrification in the country
• Total Households : 2.86 Crore
• Launched : 2017

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• Rural Electrification Corporation Limited (REC) is the nodal agency for the operationalization of the scheme
throughout the country.
4. Cabinet approves implementation of the Pradhan Mantri Awaas Yojana – Gramin (PMAY- G)
Approval: Implementation of the Pradhan Mantri Awaas Yojana – Gramin (PMAY-G)
a. Tenure: FY 2024-25 to 2028-29
b. Total outlay of Rs.3,06,137 crore (Central Share of Rs.2,05,856 crore and State Matching Share of
Rs.1,00,281 crore)
c. Financial assistance:
d. For the construction of two crore more houses at existing unit assistance of Rs.1.20 lakh in plain areas and
Rs.1.30 lakh in North Eastern Region States and Hill States of Himachal Pradesh, Uttarakhand, Union
Territories of Jammu & Kashmir and Ladakh.
9. Cabinet approves Pradhan Mantri Awas Yojana-Urban 2.0 Scheme
a. Approval to: Pradhan Mantri Awas YojanaUrban (PMAY-U) 2.0
b. Financial assistance: 1 crore urban poor and middle-class families through States/Union Territories
(UTs)/PLIs to construct, purchase or rent a house at an affordable cost in urban areas in 5 years.
c. The Government Assistance of ₹ 2.30 lakh crore will be provided under the Scheme.
10. Cabinet approves the Clean Plant Programme
a. Approval to: Clean Plant Programme (CPP)
b. Proposed by: Ministry of Agriculture and Farmers Welfare
c. With a substantial investment of Rs.1,765.67 crore.
d. This pioneering initiative is set to revolutionize the horticulture sector in India and expected to set new
standards for excellence and sustainability.
11. Cabinet approves Amendment in “Pradhan Mantri JI-VAN Yojana”

• Approval to: Pradhan Mantri JI-VAN Yojana
• The modified scheme extends timeline for implementation of scheme by Five (5) year i.e. till 2028-29.
• To promote multiple technologies and multiple feedstocks, preference would now be given to project
proposals with new technologies and innovations in the sector.
• It also helps in achieving India’s ambitious target for net-zero GHG emissions by 2070.
12. Central Govt operationalizes Rs 920 Cr Namami Gange Mission 2.0 Projects
a. The central government has completed and operationalized four major projects.
b. Cost: Rs 920 crore
c. State: Uttar Pradesh and Bihar • Project under: Namami Gange Mission 2.0.
d. These projects will add 145 megaliters per day MLD of sewage treatment capacity and provide better
sewer networks.
e. These projects based on the Hybrid Annuity PPP (HAM) model have been designed on the basis of
Advanced Sequencing Batch Reactor technology and meet the stringent standards prescribed by the
National Green Tribunal NGT.
13. Under Pradhan Mantri Kaushal Vikas Yojana, skill development training has been imparted
a. Under PMKVY (1.0 to 3.0), 24.38 lakh candidates have been reported placed which includes both self-
employed and wage employed
b. Pradhan Mantri Kaushal Vikas Yojana (PMKVY):
c. Ministry: Ministry of Skill Development and Entrepreneurship (MSDE)

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d. Launched in 2015
e. Aim: To enable Indian youth to take up industry-relevant skill training for a better livelihood through self-
employment and wage employment.
14. Centre unlikely to extend Mahila Samman Savings Certificate scheme
a. The Centre is unlikely to extend the Mahila Samman Savings Certificate scheme (MSSCS) that was made
available for two years beyond its March 2025 deadline.
15. Penalty of 12 percent will be imposed under Pradhan Mantri Fasal Bima Yojana for late payment
a. A penalty of 12% will be imposed on insurance companies if the claimed payment gets delayed, which will
be directly deposited into the farmers' accounts, under Pradhan Mantri Fasal Bima Yojana (PMFBY).
b. Union Minister for Agriculture & Farmers' Welfare and Rural Development: Shivraj
Singh Chouhan.
16. Govt Issues Guidelines for Model Solar Village Scheme

• The Government has issued operational guidelines for the implementation of Model Solar Village under PM-
Surya Ghar-Muft Bijli Yojana.
• Aim: To create one Model Solar Village per district across the country.
• Total financial outlay of 800 crore rupees has been allocated for this component
• Providing 1 crore rupees per selected Model Solar Village.
• A village must be a revenue village with a population size above 5,000 or 2,000 for special category states.
Ranks & Reports

1. World's most safe and risky cities: Forbes report
• Singapore emerges as the world's safest city destination, ahead of Tokyo (Japan) and Toronto (Canada).
• In terms of the assessed risk level, Singapore scores 0 out of 100, according to Forbes Advisor.

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• Conversely, Caracas in Venezuela, scores 100 out of 100, topping the list as the most risky city for tourists.
• Top 10 most risky cities in the world for tourists:
• Caracas (Venezuela)
• Karachi (Pakistan)
• Yangon (Burma)
• Lagos (Nigeria)
• Manila (Philippines)
• Dhaka (Bangladesh)
• Bogotá (Colombia)
• Cairo (Egypt)
• Mexico City (Mexico)
• Quito (Ecuador)
• Top 10 least risky cities in the world for tourists:
• Singapore
• Tokyo (Japan)
• Toronto (Canada)
• Sydney (Australia)
• Zurich (Switzerland)
• Copenhagen (Denmark)
• Seoul (South Korea)
• Osaka (Japan)
• Melbourne (Australia)
• Amsterdam (Netherlands)
2. Fake ITC claims detection by GST officers up 51% at Rs 36,374 cr in FY24

• Fake input tax credit (ITC) claims detection by central GST officers increased 51 per cent to Rs 36,374 cr in
2023-24.
• During 2023-24, 9,190 cases were booked by the central GST officers, involving fake ITC of Rs 36,374 cr.
• Minister of State for Finance Pankaj Chaudhary shared details of the fake input tax Credit (ITC) cases booked
by Central Tax formations during the 2022-23 and 2023-24 fiscals in a written reply to the Lok Sabha.
3. Hunger in India came down to 13.7% during 2021-23 period: UN-FAO report
• Hunger in India has come down from 16.6% of the population in 2020-2022 to 13.7% in 2021-23.
• Report on the State of Food Security and Nutrition in the World (SOFI 2024) showed.
• Hunger as measured by the Prevalence of Undernourishment (PoU) by the United Nation’s Food and
Agriculture Organisation (FAO) —
• This means that around 39.3 million people have come out of undernourishment between the two periods.
• UN-FAO’s SOFI 2023 : PoU in India has increased post-Covid from 14 per cent in 2017-19 to 16.6 per cent of
the population in 2020-22.
4. Parle Remains India’s Most-Chosen FMCG Brand For 12th Year
• Parle continues to be India’s top FMCG brand.
• According to the latest edition of Brand Footprint, Kantar World panel’s annual ranking of the most chosen
consumer brands in India.
• In fact, seven of the top 10 brands are owned by homegrown companies.
• CRP : consumer reach point
• Parle with 7.98 billion CRP has been on the top since the launch of its brand footprint twelve years ago followed

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by Britannia that had CRP of 7.93 billion.
• Both these brands gained 6% and 16% each.
5. Need to become a $30 trn economy with $18,000 per capita income: NITI paper
• NITI Aayog in a paper titled 'Vision for Viksit Bharat @ 2047:An Approach Paper' said India needs to avoid the
Middle-Income trap and carefully work towards breaking out of it.
• India needs to strive to be a $ 30 trillion economy with a per capita income of $ 18,000 per annum by 2047.
• The GDP would have to grow nine times from today's $ 3.36 trillion and the per capita income would need to
rise 8 times from today's $ 2,392 per annum
• The World Bank defines high-income countries as those whose annual per capita income is more than $ 14,005
(in 2023).
• India has the potential and aims to be a high-income country by the centenary of its independence in 2047
6. India ranks second in anti-dumping duties, lowers average tariffs in 2023
• India was the second country after the US in initiating and imposing anti-dumping duties among World Trade
Organisation (WTO) members last year.
• Despite increasing the use of non-tariff measures in 2023, India’s average tariffs fell to 17 per cent from 18.1
per cent in 2022.
• According to the 2024 World Tariff Profiles, a publication by the WTO, International Trade Centre (ITC), and
UN Trade and Development (UNCTAD), in 2023, India initiated 45 anti-dumping investigations and imposed
duties in 14 cases, whereas the US started 64 investigations and imposed additional duties in 14 cases.
• India has a total of 133 anti-dumping measures affecting 418 products.
• In 2022, India led WTO members with 29 anti-dumping investigations.
7. Three Indian destinations are among TIME magazine’s list of ‘World’s Greatest Places of 2024’
• Museum of Solutions (MuSo), a unique children’s museum in Mumbai, Manam Chocolate, a factory in
Hyderabad, and NAAR, a restaurant in Himachal Pradesh have been recognised in the prestigious list.
8. India Retains Eighth Position in Global Agricultural Exports

• Report title: WTO’s Trade Statistics 2023
• Report by: World Trade Organization (WTO)
• Highlights:
• Top three nations (Category: Agricultural Products): EU, USA, and Brazil
• India's rank: Eighth (maintained its rank, despite a decline in exports from $55 billion in 2022 to $51 billion)
• Factors impacting exports : The Red Sea crisis, The Russia-
Ukraine war
• Bans on agricultural items for export : Wheat in May 2022, Non-
basmati rice in July 2023, Sugar in October 2023.
9. Microsoft regains top spot as best employer to work
for in India
a. Report title: Employer Brand Research report
b. Rating by: Randstad
c. Country Focus: India
d. Topped by: Microsoft followed by Tata Consultancy Services
(TCS) and Amazon

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10. Around 25 crore people have escaped poverty during 2013-14 to 2022-23
• Data shared in: Parliament session
• By: Minister of State for Statistics and programme Rao Inderjit Singh
• According to NITI Aayog’s report, around 25 crore people have escaped poverty during 2013-14 to 2022-23
• Uttar Pradesh (5.93 crore people), Bihar (3.77 crore), Madhya Pradesh (2.3 crore) and Rajasthan (1.87
crore) have escaped multidimensional poverty.
• The Multidimensional Poverty Index released by NITI Aayog
• It estimates poverty by capturing dimensions such as health, education and standard of living.
• It measures both the share of people in poverty and the degree to which they are deprived.
11. Youth jobless rate fell globally to 15-year low in 2023

• Report by: International Labour Organisation (ILO)
• Report title: Global Employment Trends for Youth 2024
• Highlights:
• The 2023 youth unemployment rate at 13% (64.9 million people), represents a 15-year low and a fall from the
pre-pandemic rate of 13.8% in 2019.
• It is expected to fall further to 12.8 per cent this year and the next year.
• Represent: Resilient economic growth
• In the Arab countries, East Asia, Southeast Asia, and the Pacific, youth unemployment rates were higher in
2023.
12. Release of Publication “Women and Men in India 2023”
• Ministry of Statistics and Programme Implementation (MoSPI)
• 25th issue of its publication titled “Women and Men in India 2023”
• By 2036, population of India is expected to reach 152.2 Crore, with a slightly improved female percentage of
48.8% as compared to 48.5 percent in 2011.
• The proportion of individuals under 15 years is projected to decrease from 2011 to 2036, likely due to declining
fertility.
• Projected to increase from 943 in 2011 to 952 by 2036
13. Union Minister Dharmendra Pradhan releases India Rankings 2024
• Indian Institute of Technology Madras retains its 1st position in Overall Category for the sixth consecutive year,
i.e. 2019 to 2024 and in Engineering for 9th consecutive year, , i.e. from 2016 to 2024.
• Indian Institute of Science, Bengaluru tops the Universities Category for ninth consecutive year, i.e. from 2016
to 2024.
• It stood first in Research Institutions Category for the fourth consecutive year, i.e. from 2021 to 2024.
• IIM Ahmedabad tops in Management subject retaining its first position for fifth consecutive year, i.e. from 2020
to 2024.
• All India Institute of Medical Sciences (AIIMS), New Delhi occupies the top slot in Medical for the seventh
consecutive year, i.e. from 2018 to 2024.
• Jamia Hamdard, New Delhi tops the ranking in Pharmacy this year. Jamia Hamdard was ranked at 1st position
for four consecutive years, i.e., from 2019 to 2022.
• Hindu College secured the 1st position amongst Colleges for the first time replacing Miranda House which
retained its 1st position for seven consecutive year, i.e. from 2017 to 2023
• IT Roorkee retained its 1st position in Architecture and Planning for the fourth consecutive year
• National Law School of India University, Bengaluru retains its first position in Law for the seventh consecutive
year

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Important Days
1. Birth anniversary of designer of national flag Pingali Venkayya
• Date: August 2
• The designer of the national flag and great freedom fighter Pingali Venkayya
2. WORLD BREASTFEEDING WEEK -2024

• Every year Breastfeeding Week is celebrated on the first week of August.
• 1 Aug, 2024 – Wed, 7 Aug, 2024
• Theme 2024: Closing the gap: Breastfeeding support for all
3. Third Edition of ‘Har Ghar Tiranga’ Campaign

• Date: 9-15 Augsut 2024
• Aim: To display the national flag and share selfies, aims to promote patriotism and national pride.
• It was launched in 2022 under the ‘Azadi Ka Amrit Mahotsav’ program.
4. Nagasaki Day 2024

Nagasaki Day is commemorated each year on August 9th, marking the exact date of the atomic bombing in
1945.
The theme for Nagasaki Day 2024 is: “Together with the Hibakusha, let us achieve a nuclear weapon-free,
peaceful, and just world—for the future of humankind and our planet.“
5. Indian Cost Accounts Service (ICoAS) celebrates Foundation Day

• Indian Cost Accounts Service (ICoAS) foundation day celebrated on 9th August 2024.
• This year’s theme of ‘ICoAS @ Viksit Bharat’
• Dr. T. V. Somanathan, Finance Secretary & Secretary (Expenditure)
6. August Kranti Day

• August Kranti Day marks the anniversary of the Quit India Movement which was kicked off by
Mahatma Gandhi and his followers in the Indian National Congress as a nonviolent action against
British rule.
• It is observed on August 8 and this year marks the 82nd anniversary of the movement.
7. International Day of the World's Indigenous Peoples 2024

• Date: 9th August, annually
• Theme 2024: Protecting the Rights of Indigenous Peoples in Voluntary Isolation and Initial Contact
• Note: Indigenous Peoples in voluntary isolation and initial contact are the best protectors of the
forest.
8. National Javelin Day 2024
• Observed on: August 7
• Honouring: Javelin Thrower, Neeraj Chopra
• Reason: On August 7, 2021, Neeraj Chopra etched his name in history by winning India's first-ever
Olympic gold medal in track and field.
• Havelin throw of 87.58 metres
9. National Handloom Day 2024

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• On August 7, 2024, India will commemorate the 10th National Handloom Day, a celebration that has
been observed annually since 2015.
10. Hiroshima Day 2024
• Hiroshima Day, observed annually on August 6th, stands as a solemn reminder of one of the most
devastating events in human history.
• This year marks the 79th anniversary of the atomic bombing of Hiroshima during World War II.
11. India observes 14th Organ Donation Day
• Date: 3rd August 2024
• The organ donation rate has increased four times to 18 thousand 378 in the last ten years, informed
by Minister of State for Health and Family Welfare, Anupriya Patel
• Indian Organ Donation Day is observed annually since 2010
• Aim: To augment awareness about brain stem death and organ donation, dispel myths and
misconceptions associated with organ donation and motivate and encourage the citizens of the
country to donate organs and tissues after death.
12. World Lion Day 2024
• Date: August 10
• Subspecies: African Lion (Panthera leo leo) and Asiatic Lion (Panthera leo persica)
• Lion Population in India: 674 (Lion Census 2020)
13. World Biofuel Day 2024

• Date: Augsut 10
• Theme 2024: “Sustainable Biofuels: Fueling a Greener Future”
14. International Youth Day 2024

• Date: August 12
• Theme 2024: From Clicks to Progress: Youth Digital Pathways for Sustainable Development
15. World Elephant Day 2024

• Date: 12 August
• Theme 2024: Personifying Prehistoric Beauty, Theological Relevance, and Environmental Importance
16. World Organ Donation Day 2024

• Date: 13th August
• Theme 2024: Be the Reason for Someone's Smile Today!
17. PM Modi greets citizens on occasion of World Sanskrit Day

• World Sanskrit Day observed annually on 19th August.
18. World Photography Day

• Date: 19th August 2024
• The theme of World Photography Day 2024 is “An Entire Day”.

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19. Sadbhavana Diwas 2024
o The birth anniversary of Rajiv Gandhi, which falls on August 20, is celebrated each year as Sadbhavana Diwas.
o Rajiv Gandhi was India's prime minister from 1984 to 1989.
20. Akshay Urja Day 2024

• Date: August 20
• Observed by: Ministry of New and Renewable Energy
• Initiated in 2004
• The installed renewable energy capacity of India increased 165% from 76.38 GW in 2014 to 203.1 GW in
2024.
• India aims to achievr 500 GW of installed electricity capacity from non-fossil fuel by 2030.
21. International Day of Remembrance and Tribute to the Victims of Terrorism 2024
• Date: August 21st
• Theme 2024: Voices for Peace: Victims of Terrorism as Peace Advocates and Educators
22. International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief
• Date: August 22
• Recognising the importance of providing victims of acts of violence based on religion or belief and members
of their families with appropriate support and assistance in accordance with applicable law.
23. First-ever National Space Day

• Date: 23 August 2024
• Theme 2024: Touching Lives while Touching the Moon: India's Space Saga
24. International Day for the Remembrance of the Slave Trade and Its Abolition 2024
• Date: 23 Augsut 2024
• This International Day is intended to inscribe the tragedy of the slave trade in the memory of all peoples.
25. World Water Week 2024

• Date: 25-29 August
• Organized by: Stockholm International WaterInstitute (SIWI)
• Theme 2024: Bridging Borders: Water for a Peaceful and Sustainable Future.
26. International Day of the Victims of Enforced Disappearances 2024

• Date: August 30
• This day sheds light on a horrific practice thatcontinues to plague societies worldwide.
27. National Sports Day 2024
• National Sports Day is celebrated annually onAugust 29th in India.
• This date marks the birth anniversary of Major Dhyan Chand, one of the most iconic figures in
Indian sports history.
Summit & Conferences

1. 32nd International Conference of Agricultural Economists
• Event: 32nd International Conference of Agricultural Economists (ICAE)

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• Inaugurated by: Prime Minister Narendra Modi
• Location: New Delhi
• The ICAE, organised by the International Association of Agricultural Economists, is being held in India after
65 years.
• Theme: Transformation Towards Sustainable Agri-Food Systems
2. Jakarta Hosts 5th AITIGA Joint Committee Meeting

a. The 5th AITIGA Joint Committee meeting in Jakarta advanced the ASEAN-India Trade in Goods
Agreement review.
b. Key discussions included all 8 SubCommittees and bilateral talks with ASEAN nations.
c. Delegates from all 10 ASEAN countries and India participated
d. Co-chaired by Rajesh Agrawal, Additional Secretary, Department of Commerce, India, and Mastura
Ahmad Mustafa, Deputy Secretary General (Trade), Ministry of Investment, Trade & Industry,
Malaysia
e. ASEAN remains a crucial trade partner for India, with a trade share of about 11% in India’s global
trade.
3. India Hosted BIMSTEC Business Summit
a. The Ministry of External Affairs of the Government of India in association with Confederation of
Indian Industries (CII) hosted the 1st BIMSTEC Business Summit in New Delhi on August 6, 2024.
b. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
(BIMSTEC) is an international organisation of seven South Asian and Southeast Asian nations.
4. India Host 3rd Edition of Global South Summit
a. Event: Voice of the Global South Summit

b. Chaired by: Prime Minister Narendra Modi
c. Focus on: Addressing pressing challenges, including the impact of conflicts and development-related
matters besides climate change.
d. First Summit (January 2023): “Unity of Voice, Unity of Purpose”
e. Second Summit (November 2023): “Together, for Everyone’s Growth, with Everyone’s Trust”
f. The term Global South was first coined in 1969 by political activist Carl Oglesby.
5. World Education Conference 2024: Tech Leaders Forum Of India Launched In Dubai
• The Tech Leaders Forum of India (TELFI) was officially launched today at the World Education Conference
2024, hosted by the Federation of Economic Development Association (FEDA) at Hamdan Bin Mohammed
Smart University in Dubai.
• TELFI, a new initiative aimed at empowering engineers, was unveiled as a key highlight of the conference.
6. Inaugural session of 28th Conference of Central and State Statistical Organizations (CoCSSO)
• Date: 12th August 2024
• Location: New Delhi
• Theme 2024: Use of Data for Decision Making- Strengthening State Statistical Systems

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Science & Technology

1. AERB approve Criticality of India’s 1st Prototype Fast Breeder Reactor
• The Atomic Energy Regulatory Board granted permission for the "First Approach to Criticality" of the 500
MWe Prototype Fast Breeder Reactor (PFBR) at Kalpakkam, Tamil Nadu, marking India's first indigenous
PFBR.
2. SpaceX And NASA Set Crew-9 Launch For August 18
• SpaceX and NASA are planning to launch the space agency’s Crew-9 mission to the International Space
Station (ISS) no earlier than Aug. 18.
• NASA and SpaceX will embark on their ninth crew rotation mission to the ISS, with NASA astronauts Zena
Cardman, Nick Hague, Stephanie Wilson, and Roscosmos cosmonaut Alexander Gorbunov, launched aboard
a SpaceX Dragon spacecraft atop a Falcon 9 rocket.
3. ISRO to launch its latest earth observation satellite on August 15
• ISRO will launch the EOS-08 earth observation satellite on August 15, 2024, aboard its Small Satellite
Launch Vehicle.
• The mission aims to enhance microsatellite technology and includes payloads for infrared imaging, GNSS-
Reflectometry, and UV dosimetry.
4. IIT Indore Develops E-Shoes for Live Location Tracking

• IIT Indore has created advanced shoes incorporating Tribo-Electric Nanogenerator (TENG) technology,
which generates electricity from human motion and integrates GPS for real-time location tracking.
• Delivered to: Defence Research and Development Organisation (DRDO)
• Aim: To enhance the safety and efficiency of armed forces personnel and have applications in various other
fields.
5. Ola Electric unveils made in India 4680 'Bharat' battery cell

• Ola Electric Chairman and CEO Bhavish Aggarwal unveiled the "Bharat" battery cell, an indigenous 4680 cell
developed by Ola Electric.
• The Bharat cell boasts impressive performance characteristics, offering five times more energy density than
the 2170 cells currently used in Ola's scooters.
• The development of the Bharat cell marks a significant step towards self-reliance in battery technology for
India's electric vehicle industry.
6. Astronomers Discover New Method to Study Solar Magnetic Fields

• Context: New way to study the Sun’s atmosphere by looking at its magnetic fields in different layers.
• By: Astronomers at the Indian Institute of Astrophysics (IIA)
• Data used from: Special telescope called the Kodaikanal Tower Tunnel Telescope, Tamil Nadu
7. Microplastics Found in Indian Salt and Sugar Brands

• Published by : Toxics Link
• Study on microplastics (MPs) in several sugar and salt brands in India.
• Microplastics range in size from 5 mm to 1 µm, generated by the breakdown of larger plastic pieces or
manufactured at that scale.

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• Primary microplastics are released in the form they are produced, while secondary ones result from the
degradation of larger plastics.
• MNPs smaller than 20 µm can penetrate organs, and those smaller than 10 µm can enter the brain and
placenta.
• The study examined 10 salt brands and 5 sugar brands in India, finding MPs in all samples, with
concentrations ranging from 6.71 to 89.15 pieces per kilogram.
8. FSSAI Launches Project to Address Microplastic Contamination in Indian Food

• The Food Safety and Standards Authority of India (FSSAI) has launched an innovative project
• Aim: To tackle the growing concern of microplastic contamination in food, recognising microplastic pollution
as an emerging threat that requires immediate attention.
• The project -- Micro-and Nano-Plastics as Emerging Food Contaminants: Establishing Validated
Methodologies and Understanding the Prevalence in Different Food Matrices -- was started in March 2024.
9. Indian Institute of Astrophysics astronomers find new method to predict amplitude of upcoming
solar cycle
• Name of Organisation : Indian Institute of Astrophysics (IIA).
• Method : predict the amplitude of the upcoming solar cycle.
• The solar cycle is the cycle that the Sun’s magnetic field goes through approximately every 11 years.
• Solar maximum: Period of highest rate of solar activity during the cycle; large number of sunspots appear
during this period.
• Solar minimum: Period of lowest rate of solar activity during the cycle; sunspots and solar flare activity
diminishes.
• Sunspots are areas that appear dark on the surface of the Sun.
• They appear dark because they are cooler than other parts of the Sun’s surface.
10. Kerala University Develops Innovative Cyanide Sensor for Enhanced Safety
• A research team at the Central University of Kerala, led by Dr. Ravi Kumar Kanaparthi, has developed an
advanced cyanide sensor.
• This new technology is crucial for improving the safety of drinking water and food, especially in areas where
cyanide-rich foods are common.
• Cyanide is a dangerous toxin found in certain plants, fruits, and microorganisms.
11. Scientists discover liquid water on Mars for the first time
• According to a new study, ‘Liquid water in the Martian mid-crust’, was published last week in the journal
Proceedings of the National Academy of Sciences (PNAS).
• There could be oceans’ worth of liquid water deep in the rocky outer crust of Mars.
• While scientists have known about water ice at the Martian poles for a long time, this is the first time they
have discovered liquid water on the planet.
• That layer is located at depths of about 10 to 20 km in the Martian crust.
• The study suggests that the water could have seeped from the surface billions of years ago when Mars
harboured rivers, lakes, and possibly oceans.

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Apps & Portals

1. SEBI Launches AI Chatbot ‘SEVA’ for Investors
• Securities and Exchange Board of India (SEBI) introduced ‘SEVA,’ an AI-powered chatbot.
• SEVA refers to SEBI’s Virtual Assistant.
• Aim: To assist investors with a range of functions.
• It will also enhance investor experience and accessibility to crucial market information.
2. Union Minister Dharmendra Pradhan Launches NATS 2.0 Portal

• Union Minister for Education Dharmendra Pradhan launched the National Apprenticeship and Training
Scheme 2.0 Portal and disbursed 100 crore rupees stipends to apprentices through the DBT mode in New
Delhi.
• These apprentices are undergoing training in various sectors Information Technology, manufacturing,
automobile and among other.
• This initiative aligns with the Government’s focus on skilling and employability of youth.
• NATS Portal 2.0 is a significant effort to democratise apprenticeship, bridge skills gap, fulfil youth aspirations
and make them future-ready
• Stipend Amount : 100 crore rupees.
• 50% of the amount reimbursed to the employer by the Government of India.
• 2025 : 75,000 new apprentices
3. Zomato introduces Brands Packs

• Zomato has introduced a new loyalty program for its customers.
• A new feature called Brand Packs offering additional discounts on customer’s preferred restaurants.
• Aim: To reward users who frequently order from the same restaurants through the platform.
4. Bhupender Yadav launches Ideas4LiFE portal

• Union Minister for Environment, Forest and Climate Change, Bhupender Yadav launched Ideas4LiFE.
• Reason: For inviting ideas related to products and services, which induce behavioral changes related to
environment-friendly lifestyles
5. Pine Labs-owned Setu Launches UPISetu

a. Launch of: UPISetu
b. Collab between: Setu (Pine Labs-owned API infrastructure provider) and Axis Bank
c. Features: Basic QR Code Payments, UPI Autopay, EMI Payments, and Third-Party
Validation (TPV).
6. MG eHUB EV charging app launched

• Application Name: eHUB
• Launched by: MG Motor India
• Aim:To simplify the EV charging experience for customers nationwide by providing them with a single
platform.
• Partners: Adani Total Energies Limited (ATEL), BPCL, Chargezone, Glida, HPCL, JioBP, Shell, Statiq and Zeon
8. Indian gold sector launches first selfregulatory body to boost consumer trust
• Name of SRO: Indian Association for Gold Excellence and Standards (IAGS)

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• Formed by: Indian Bullion and Jewellers Association, the All India Gems and Jewellery
Council of India, and the Gem and Jewellery Export Promotion Council (GJEPC)
• The organisation was set up with the help of the World Gold Council.
• Operational by: 2025
• IAGES will be independently governed and managed.
7. Trade Connect ePlatform being setup

a. Initiative: Creation of Trade Connect ePlatform
b. Ministry: Ministry of Commerce & Industry
c. Aim: To connect Indian Exporters, MSMEs and Entrepreneurs with various stakeholders
d. It also including Indian Missions Abroad, Export Promotion Councils, and other Partner Government
Agencies.
The platform will provide information on trade events taking place in different parts of the world, benefits
available due to India's Free Trade Agreements (FTAs) and other international trade related information
and data.
8. Quality Council of India introduces QCI Surajya Recognition & Ranking Framework
a. Introduction: QCI Surajya Recognition & Ranking Framework
b. Launched by: Quality Council of India (QCI)
c. Aim: To empower initiative designed to drive excellence among states to improve quality of life of
citizens for a Viksit Bharat.
d. Categorized under four pillars:
e. Shiksha (Education),
f. Swasthya (Health),
g. Samriddhi (Prosperity),
h. Sushasan (Governance)
i. Shiksha (Education): Uttar Pradesh (lead state); Delhi (UT)
Swasthya (Health):
j. Complete certification in the Ayushman Arogya Yojana (NABH): State: Chhattisgarh,
Karnataka, Kerala, Rajasthan, Mizoram and Manipur
k. UT: Chandigarh
l. Medical Entry Level Testing Labs (MELT) rankings (NABL):
m. State: Tamil Nadu and Maharashtra
n. UT: Delhi
o. Samriddhi (Prosperity):
p. ZED certifications
q. State (Micro category): Gujarat, Karnataka, and Rajasthan
r. UT: Jammu & Kashmir and Delhi
s. For the MSME Competitive LEAN Scheme, Maharashtra and Bihar are the top performers.
9. Ministry of Statistics and Programme Implementation has launched e-Sankhyiki portal

a. Name of portal: e-Sankhyiki
b. Name of ministry: Ministry of Statistics and Programme Implementation

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c. Aim: To establish a comprehensive data management and sharing system for ease of dissemination
of official statistics
d. Two modules: Data Catalogue and Macro
Indicators
e. Data Catalogue Module lists the major data assets of the Ministry with the facility for users to search
and download data.
f. Macro Indicators module offers time series data of Macro indicators of four key products of this
Ministry with features for filtering and visualizing along with metadata.
10. HM Amit Shah Launches E-Sakshya, Nyaya Setu, Nyaya Shruti And E-Summon App
a. Union Home Minister Amit Shah launched the e-Sakshya, Nyaya Setu, Nyaya Shruti and eSummon
apps for the three new criminal laws in Chandigarh.
b. Three new laws: Bharatiya Nyaya Sanhita (BNS), Bharatiya Nyaya Suraksha Sanhita (BNSS), and
Bharatiya Sakshya Adhiniyam (BSA)
c. e-Sakshya: Investigating officers can record videos and take photographs of crime scenes as needed
d. Nyay Shruti: Facilitates court hearings through electronic medium. This automated system
is connected with the police, prisons, prosecution, forensics, and designated access points.
e. eSummons: Handles the electronic compliance of legal orders.
11. Cars24 unveils superapp for ancillary services to monetise user base
• Launch of: Cars24 Superapp
• Launched by: SoftBank-backed firm Cars24
• Reason: For ancillary services such as vehicle repairs, financing, on-demand chauffeur booking, insurance
payments, FASTag distribution and service history records
12. Launch of Jiyo Parsi scheme Portal

• Launch of: Jiyo Parsi scheme Portal
• Launched by: Kiren Rijiju, Union Minister of Minority Affairs
• Agenda: To enable Parsis to apply online, check the status of their application and to receive financial
assistance online through Direct Benefit Transfer mode
• The Jiyo Parsi scheme is a unique Central Sector Scheme implemented by the Ministry of Minority Affairs.
13. Google introduces 'Essentials' app for Microsoft Windows PCs

• Launch of: 'Essentials' app
• Launched by: Google
• Launched for: Microsoft Windows PCs
• Work: Designed as a one-stop hub for accessing various Google services such as Google Photos, Google
Messages, and more on a Microsoft Windows PC.
Acquisitions & Mergers

1. UltraTech Acquires 32.7% Stake in India Cements for ₹3,945 Crore

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• UltraTech Cement, a flagship of the Aditya Birla Group, will acquire a 32.72%
equity stake in India Cements for ₹3,945 crore.
• The acquisition will be finalized through a Share Purchase Agreement with the
promoters of India Cements, led by N. Srinivasan, pending regulatory approvals.
2. Fortis Healthcare to buy out PE funds from diagnostics arm Agilus

a. Acquistion of: Agilus Diagnostics (34% from private equity firms Jacob
Ballas and IFC)
b. Acquired by: Fortis Healthcare
c. Value: Around ₹5,000 crore
3. Rural fintech startup Jai Kisan gets RBI nod for NBFC acquisition
• Jai Kisan, a rural fintech startup, said it has received Reserve Bank of India’s approval to acquire majority
shareholding in Kushal Finnovation Capital Pvt Ltd, a registered NBFC.
• It will be able to design and distribute more credit products to its farmer and business customers.
• The NBFC will not only originate loans but also co-lend in partnership with financial institutions, including
public sector banks
4. Accenture gets CCI's nod to acquire stakes in Vodafone's arm VSOL

• The Competition Commission of India (CCI) cleared IT and consulting firm Accenture's acquisition of a stake
in Vodafone Shared Operations.
• Vodafone Shared Operations Ltd (VSOL) is engaged in the provision of shared services to the Vodafone Group
and its network of partner telecommunications companies.
• VSOL is a part of Vodafone Group Plc.
5. Zomato Acquires Paytm’s Entertainment Ticketing Business

• Zomato has approved the acquisition of Paytm’s entertainment and ticketing business for ₹2,048 crore in a
cash deal.
Environment
1. India’s Renewable Energy Capacity Soars by 165% in a Decade
• Data shared by: Union Minister Pralhad Joshi • India’s renewable energy capacity (2024): 203.1 GW
• India’s renewable energy capacity (2014):
76.38 GW
• Surged by 165% over the past decade
• India's rank: 4th ( globally in renewable energy capacity)
• Solar energy capacity: 85.47 GW by June 2024
• India’s capacity from non-fossil fuel sources has crossed 200 GW, including: o 85.47 GW of solar power o
46.93 GW of large hydro o 46.66 GW of wind power o 10.95 GW of biopower o 5.00 GW of small hydropower

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2. Neelakurinji becomes a 'threatened species,' officially
• Context: Neelakurinji added to the International Union for Conservation of Nature (IUCN) Red List of
Threatened Species
• Scientific name: Strobilanthes kunthiana
• It blooms once every 12 years
• IUCN offcial status: Vulnerable
• Found in: Peerumade in Idukki, Kerala
• Key Habitats
• The species is primarily found in:
• The Nilgiris of Tamil Nadu (largest concentration)
• Munnar region
• Palani-Kodaikanal area
• Anamalai mountains
Defence
1. Indian Navy ship conducts exercise with Russian ship
• Name of Indian Naval Shi: INS Tabar
• Departure from: St. Petersburg, Russia
• Note: Indian Navy’s frontline frigate, INS Tabar arrived in St. Petersburg, Russia to participate in the 328th
Russian Navy Day
• Exercise: Maritime Partnership Exercise (MPX)
• Between: INS Tabar with the Russian Navy Ship Soobrazitelny
2. Indian Navy’s INS Shalki Arrives in Colombo for Two-Day Visit
• INS: INS Shalki (Indian Navy’s submarine)
• Arrival: Colombo, Sri Lanka
• Title: The submarine was received ceremonially by the officer of the guard of the Sri Lanka Navy
• INS Shalki:
• Class: Shishumar class diesel-electric submarine
• Commissioned on: 7 February 1992
• First-ever submarine to be built in India
2. Indian Army Launches E-SeHAT Tele-Consultancy for Veterans
• The Ex-Servicemen Contributory Health Scheme (ECHS) has

introduced the Electronic Services e-Health Assistance and Tele-
consultation (E-SeHAT) module.
• This initiative allows ECHS beneficiaries to receive online medical
consultations from their homes, eliminating the need to visit ECHS
Polyclinics.
• The E-SeHAT module offers structured, video-based consultations,
aiming to enhance healthcare delivery for veterans by providing
timely and quality medical care remotely.
• The pilot phase of E-SeHAT has been initiated at 12 ECHS Polyclinics
4. ICG Launches ‘Suvidha Software Version 1.0’ to Enhance Training Protocols
• The Indian Coast Guard (ICG) unveiled its new ‘Suvidha Software Version 1.0’ during the inaugural ‘Annual

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Operational Sea Training Conference’ held in Visakhapatnam, Andhra Pradesh.
• This advanced software aims to improve training protocols and maintain consistency across all ICG
platforms.
5. India to Host First Multinational Air Exercise ‘Tarang Shakti 2024’
• India will host its first multinational air exercise, ‘Tarang Shakti 2024’, in two phases starting on the 6th of
August 2024 in Sular, Tamil Nadu.
• In this exercise, nearly 30 countries will participate, and out of 30, ten countries will join the exercise with
their fighter aircraft.
• The exercise will showcase India’s defence prowess and provide a platform for participating militaries to
foster interoperability.
• The first phase is to be held in Sular, Tamil Nadu, from 6th to 14th August, and the second phase in Jodhpur,
Rajasthan, from 29th August to 14th September.
• 10 countries, including Australia, Bangladesh, France, Germany, Greece, Spain, the United Arab Emirates, the
United Kingdom, the USA, and Singapore, will join the exercise with their aircraft, and 18 countries will attend
as observers.
6. MoD’s Divyangjan expedition from Kanchenjunga National Park to Mt. Kilimanjaro flagged off from New
Delhi
• The Himalayan Mountaineering Institute (HMI), Darjeeling under the aegis of the Ministry of Defence, is
undertaking a Divyangjan expedition from Kanchenjunga National Park to Mt. Kilimanjaro, the highest peak
of the African continent from 02 - 20 August 2024.
• The expedition has been flagged off by Smt. Dipti Mohil Chawia, Additional Secretary, MoD in New Delhi on
30 July 2024.
7. INS Tabar Reaches Saint Petersburg for Russian Navy Day Celebrations
• Event: 328th Russian Navy Day celebrations
• Visit of: INS Tabar (Indian Navy)
• Location: Saint Petersburg
• The ship is a part of the Indian Navy’s Western Fleet based in Mumbai under the Western Naval Command.
• INS Tabar is a third of the Talwar-class frigate of the Indian Navy
8. Govt Accords Approval For Procurement Of 22 Interceptor Boats To Enhance Capabilities Of The ICG
• A meeting of the Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Rajnath Singh
today concluded in New Delhi.
• The DAC accorded AoN for the procurement of 22 Interceptor Boats with the latest state-of-the-art system
capable of quick interception and shallow water operation in territorial waters.
• These boats will be used for coastal surveillance and patrolling, search and rescue operations, including
medical evacuation.
9.Light bullet-proof jacket developed by DRDO
• DRDO has developed the Bullet Proof Jacket (BPJ) consisting of lightest Front Hard Armour Panel (FHAP).
• This jacket has been developed in two configuration viz. In-Conjunction-With (ICW) and Standalone with
different areal density of FHAP.
• The process to transfer the developed technology to Indian Industries has been initiated as per Transfer of
Technology (ToT) Policy and procedure of DRDO for production.

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9. Indian Army Conducts ‘Parvat Prahaar’ Exercise in
Ladakh
• Name of exercise: Parvat Prahaar

• Location: Ladakh
• Organized by: Indian Army
• Focus: On high-altitude warfare, involving various
military units and equipment
11. ITBP To Get Russian KAMAZ Typhoon Vehicle For LAC
• The Indo-Tibetan Border Police (ITBP) has successfully
conducted a demonstration and trial of the formidable Typhoon vehicle at its Transport Battalion in
Chandigarh.
The event, attended by officials from Vehicle Factory Jabalpur, marks an important step in upgrading the
force’s vehicles.
• Kamaz-53949 Typhoon-K is a Russian-made 4×4 Mine-Resistant Ambush Protected (MRAP) vehicle.
• It was developed by Remdiesel, a subsidiary of KamAZ.
• It was developed for the safe transportation of troops and military cargo in areas with a high risk of mines.
12.Inauguration Of The 7th Indian Coast Guard Subordinate Officers' Conclave 2024
a. The 7th Indian Coast Guard Subordinate Officers’ Conclave 2024 was inaugurated today by Director
General Rakesh Pal at the Indian Coast Guard (ICG) Headquarters in New Delhi.
b. The two-day Conclave scheduled on 01- 02 Aug 24 on the theme 'Towards an Inclusive
Approach'
13.Air Force approves production of 200 Astra missiles
a. The Indian Air Force (IAF) has given clearance to the Defence Research and Development
Organisation (DRDO) and the Bharat Dynamics Limited (BDL) to produce 200 Astra air-to-air
missiles for its Su-3O and LCA Tejas fighter aircraft
b. Astra is a beyond-visual-range (BVR) air-toair missile designed to be mounted on fighter aircraft.
c. It is indigenously developed by the Defence Research and Development Organisation (DRDO) and
manufactured by Bharat Dynamics Ltd. (BDL) for the Indian Air Force (IAF).
d. The missile was built to engage and destroy aerial targets,which have high maneuverability and
supersonic speed.
e. Astra is 3.6 m long and with a diameter of 178 mm, weighing 154 kg.
f. It has a range of 80 to 110 km in a head-on chase and can travel at 4.5 Mach speed (almost
hypersonic).
g. The missile uses an inertial guidance system driven by a fibre optic gyroscope with terminal
guidance through active radar homing.
14. CDS General Anil Chauhan to chair apex level Tri-Service Financial Conference
a. Chief of Defence Staff, General Anil Chauhan will chair an apex-level Tri-Service Financial Conference
in New Delhi.
Aim: To enhance cohesion and synergy in financial issues of the Armed Forces and will see the
participatiosn of senior officials from the Ministry of Defence, and Controller General Defence Accounts
among others.
15. India, Sri Lanka joint military exercise MITRA SHAKTI concludes

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• Name of Exercise: MITRA SHAKTI

• Location: Army Training School, Maduru Oya, Sri
Lanka.
• Between: India and Sri Lanka
• Edition: 10th
• India representation: Battalion of Rajputana
rifles
• Sri Lanka representation: personnel from the
Gajaba Regiment
16. Pakistan successfully tests surface-to-surface

ballistic missile Shaheen-II.
• Shaheen-II Missile is a Pakistani medium-range surface-to-surface ballistic missile.
• It has an estimated range of 1,500–2,000 km.
• A ballistic missile is a rocket-propelled, self-guided strategic weapons system that follows a ballistic
trajectory to deliver a payload from its launch site to a predetermined target.
17. BEML signs MoU with Indian Navy for strengthening indigenous marine engineering capabilities
• BEML has signed a strategic Memorandum of Understanding (MoU) with the Directorate of Marine
Engineering, Indian Navy.
• Aim: To enhance bilateral cooperation for the Indigenous Design, Development, Manufacture, Testing, and
Product Support of critical Marine Equipment and systems.
18. CSIR and Laghu Udyog Bharati sign MoU

• Council of Scientific & Industrial Research (CSIR) and Laghu Udyog Bharati (LUB) entered into an MoU for
transfer of selected CSIR technologies to Micro and Small Entrepreneurs.
• The specific objectives of the MoU include transfer of 100 Knowhow /Technology / Products of CSIR within
100 days to the identified MSMEs under LUB.
• Laghu Udyog Bharati is a registered all India organization of Micro and Small Industries in India since 1994
and a Section 8 Company.
19. US & South Korea Begin Large-Scale Joint Military Exercises

o Annual Ulchi Freedom Shield exercises
o United States and South Korea
o Aim: To strengthen their combined defence capabilities and deterring threats from North Korea.
20. India debuts new 'swadeshi' Kamikaze drones with 1,000 km range
• The National Aerospace Laboratories (NAL) has introduced indigenous kamikaze drones, a significant
milestone in defence technology.
• These "do-and-die" unmanned aerial vehicles, designed with home-built engines, can fly up to 1,000
kilometers and loiter over target areas for up to nine hours.
• Equipped with the Indian NAViC system for GPS-denied environments, these drones are poised to redefine
modern warfare, addressing critical national security needs.
21. DRDO Hands Over Authority Holding Particulars Of ‘Nipun’ Munition To DGQA
• Defence Research and Development Organisation (DRDO) recently handed over the Authority Holding Sealed
Particulars (AHSP) of ‘Nipun’ munition to Directorate General of Quality Assurance (DGQA).
• Nipun is a soft-target munition designed and developed by the Armament Research & Development

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Establishment (ARDE), in association with the High Energy Materials Research Laboratory (HEMRL), Pune.
• NIPUN is highly user-friendly and deadly against the enemy.
• It is completely safe during handling, transportation, and laying.
• DGQA is an Inter-Service Organisation functioning under the Department of Defence Production in the
Ministry of Defence.
22. Defence Minister Rajnath Singh releases centenary commemorative coin honoring M. Karunanidhi
• Defence Minister Rajnath Singh released the centenary commemorative coin of Dr.Kalaignar M.Karunanidhi
in Chennai.
• Kalaignar had played a defining role in realising the importance of federalism in a democracy.
Obituary
1. South Korean rapper Ch1tkey passes away at 21
• Ch1tkey, a 21-year-old underground rapper from South Korea, has passed away.
• Reports indicate that Ch1tkey lost his life while participating in a social media challenge, during which he fell
from a roof.
2. Hamas chief Ismail Haniyeh killed in Iran

• Hamas’s political chief Ismail Haniyeh has been assassinated in Iran’s capital, Tehran.
• Haniyeh and one of his bodyguards were killed after the building where they were staying was struck.
3. Legendary cricketer Anshuman Gaekwad dies

• Former India cricketer Anshuman Gaekwad died after a long battle with cancer at 71.
• Gaekwad played 40 Tests and 15 ODIs for India.
• He was also the coach of the Indian team that finished runners-up at the 2000 ICC Champions Trophy.
4. Gandhian Shobhana Ranade Passes Away at 99
• Renowned Gandhian
• She met Mahatma Gandhi at 18.
• She dedicated her life to uplifting the underprivileged, especially women and children, leaving an indelible
mark on India’s social landscape.
• Padma Bhushan: 2011
5. Nobel Prize-winning physicist Tsung-Dao Lee dies at age 97
• Chinese-American physicist Tsung-Dao Lee, who in 1957 became the

second-youngest scientist to receive a Nobel Prize, died at his home in San
Francisco at age 97.
6. Natwar Singh, former external minister, dies at 95

• Padma Bhushan in 1984
• His autobiography is titled 'One Life is Not Enough '.
• Other books: 'The Legacy of Nehru: A Memorial Tribute' and 'My China Diary
1956-88'.

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7. Former YouTube CEO Susan Wojcicki passes away
• She was named the CEO of YouTube in 2014 and reatained in the Office till
February 2023.
• YouTube's current CEO: Neal Mohan
8. Veteran actor Vijay Kadam passes away

• Vijay Kadam, a renowned Marathi actor, passed away at 67 after a
prolonged battle with cancer.
• His work spanned both Marathi and Hindi cinema.
9. Former Vice-Chairman of UGC H. Devaraj dies aged 71

• He was appointed Vice-Chairman of the UGC from 2013 to 2016.
10. Former Meghalaya CM Salseng Marak passes away

• Former Meghalaya chief minister Salseng C Marak died due to old age-related ailments.
• Marak became the first chief minister of the state to complete a five-year term in 1993.
• He also held the office of the CM for the shortest time – 12 days – in 1998 when the Congress-led coalition
collapsed.
11. National Award-winning director Utpalendu Chakraborty passes away

• Veteran Bengali director Utpalendu Chakraborty, known for arthouse films such as Chokh, died at 76, after
suffering a cardiac arrest.
12. Biomedical Researcher Leonard Hayflick Dies at 98

• Leonard Hayflick, a renowned biomedical researcher, passed away at 98.
• He was famous for his discovery related to how cells divide and age, which has dramatically changed our
understanding of biology and aging.
13. Renowned DRDO scientist Ram Narain Agarwal dies at 83

• Renowned Indian scientist Dr Ram Narain Agarwal, a pivotal figure in the development of India’s missile
system, died at the age of 84.
• Known as the ‘Father of Agni Missiles’, Dr Agarwal played a key role in defence research and in the
development
• He was awarded the Lifetime Achievement Award in 2004 by the Prime Minister of India for his contributions
to aerospace and the Agni missile.
14. Indian Coast Guard DG Rakesh Pal passed away

• Director General of Indian Coast Guard, Rakesh Pal passed away in Chennai due to heart attack.
• Rakesh Pal had taken charge as the 25th Director General of the ICG on July 19 last year.
15. Former Army Chief General Sundararajan Padmanabhan Passes Away at 83

• Ex-Army Chief General Sundararajan Padmanabhan passed away at 83.
• 20th Chief of Army Staff

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16. World’s Oldest Person Spain’s Maria Branyas Morera Dies At 117
• The world’s oldest person, Spain’s Maria Branyas Morera, who was born in the US in 1907 and
lived through two world wars, has died at the age of 117.
• Guinness World Records had officially acknowledged Branyas’s status as the world’s oldest
person in January 2023
17. Former CSIR Director General Girish Sahni passes away

• Former CSIR Director General Girish Sahni, known for developing clot busters for treatment of
cardiovascular diseases, died.
18.Former England cricketer Graham Thorpe Passes Away at 55

a. Played 100 Test matches for England
b. Scored 6,744 runs in Test cricket
c. Averaged an impressive 44.66
Person in news
1. Arijit Singh becomes most-followed musician on Spotify
a. Most-followed musician on Spotify: Indian SInger Arijit Singh

b. Surpassed: American singer Taylor Swift • Note: Singh snatched the title from Swift with 21,000
more followers.
2. Bangladesh Nobel laureate Muhammad Yunus takes charge of caretaker govt
a. Interim government formed in Bangladesh

b. Headed by: Muhammad Yunus (Nobel Peace winner: 2006)
c. Reason of interim government: Former PM Sheikh Hasina resigned
3. Neeraj Chopra finishes second in Men’s Javelin Throw event at Lausanne Diamond League 2024
• India's Neeraj Chopra recorded the second-best throw of his career at 89.49m to finish second in the men's
javelin throw event at the Lausanne Diamond League 2024 in Switzerland.
• Grendian ace Peters Anderson who reached 90.61 metres in his final attempt.
4. Diana Pundole: First Indian Woman Racer to Win National Championship

• Diana Pundole, a teacher and mother from Pune, has made history as the first Indian woman to win the
national championship in the saloon category at the MRF Indian National Car Racing Championship 2024
held in Chennai.
5. Group Captain Shubhanshu Shukla selected for Indo-US mission to ISS

• Indo-US mission to the International Space Station (ISS)
• Selection of: Group Captain Shubhanshu Shukla and Group Captain Prasanth Balakrishnan Nair
• India and the US are collaborating to send an Indian astronaut to the International Space Station in 2024

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6. Sri Lanka cricketer Niroshan Dickwella suspended
• Sri Lanka wicketkeeper-batsman Niroshan Dickwella has been suspended indefinitely for an alleged doping
violation during the Lanka Premier League.
• The suspension, effective immediately, was imposed by Sri Lanka Cricket after he failed a doping test
conducted by the national anti-doping agency.
7. Sumit Antil & Bhagyashri Jadhav: 2024 Paris Paralympics Flag Bearer
• The Paralympic Committee of India has named Tokyo Paralympics gold medallist para-athletes Sumit Antil
and Shot Putter Bhagyashri Jadhav as the Indian flag bearers for the opening ceremony of the 2024 Paris
Paralympics Games, which will be held on 28 August 2024.
• The 17th Summer Paralympics for disabled athletes will take place in Paris, France, from 28 August to 8
September 2024.
FinTech
1. SWIFT, Axis Bank launch AI pilot to tackle payment fraud
• Society for Worldwide Interbank Financial

Telecommunications (SWIFT) has partnered with the Axis Bank
to help combat payment fraud occurring in cross-border
payments.
• BNY Mellon, Deutsche Bank, DNB, HSBC, Intesa Sanpaolo. and
Standard Bank, the duo will test the use of secure data
collaboration and federated learning technologies.
2. Amazon Pay, Ayden and BillDesk get RBI Nod to Process

Cross-Border Payments
• They joined Bengaluru-based payment aggregator Cashfree in the list of licence holders.
• Cashfree was the first company to secure the PA-cross border licence.
• The PA-CB licence allows payment companies to offer payment services in the exportimport space.
• With India being a massive market for international remittances and freelancers who work for global
companies sitting out of India, there is a large opportunity to be tapped by these cross-border payment
aggregators.
• According to the recently released Economic Survey 2024, India is expected to receive $129 billion worth of
remittances by 2025.
3. IDBI Bank sells distressed Rs 6151 cr portfolio to Omkara ARC

• Context: Sell off distressed Rs 6151 cr portfolio
• Bank: IDBI
• Sell to: Omkara ARC
• Process: Inter-se bidding

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• Omkara ARC gave the highest offer of Rs 652 crore, outbidding the government-promoted National Asset
Reconstruction Company Ltd (NARCL).
• For IDBI Bank, the distressed portfolio sale equates to a recovery of 10.5%.
• IDBI Shareholdings:
• Government: 45%
• Life Insurance Corporation (LIC): 49.24%
4. Kotak Mahindra Bank, GOQii launch smartwatch for contactless payments

• Launch of: Smartwatch for contactless payments
Launched by: Kotak Mahindra Bank
• Collaboration: GOQii
• Aim: To enable its customers to make contactless payments apart from monitoring some of the health
parameters.
• The wearable device has been priced at Rs 3,499.
• Powered by RuPay On-The-Go
• Transactions up to Rs 5,000 without requiring a PIN.
5. Payment app Ongo launches instant National Common Mobility Card 'Ongo Ride'
• Ongo, the digital payments platform of AGS Transact Technologies has launched an
instant National Common Mobility Card 'Ongo Ride' in association with the Chennai
Metro Rail Limited.
• It has installed unique card dispensers with the UPI feature to facilitate these ready-to-
use Ongo Ride cards at 12 CMRL metro stations in the city.
6. RBI includes auto replenishment of FASTag, NCMC in e-mandate framework

• The Reserve Bank of India (RBI) has incorporated the auto replenishment of Fastags
and national common mobility cards (NCMCs) into the e-mandate framework.
• This inclusion applies when the balance falls below a customer-defined threshold.
• Additionally, issuers of these mobility tokens are now exempt from the requirement to
send a pre-debit notification 24 hours before a debit.
• Since payments for auto-replenishment are recurring and lack fixed periodicity, they are exempt from the
pre-debit notification requirement.
• For e-mandate-based recurring transactions, the limit without additional factor authentication (AFA) is set
at Rs 2,000 per transaction. Transactions exceeding this limit must include an AFA.
7. PhonePe’s ‘Credit Line On UPI’ Revolutionizes Digital Transactions

• PhonePe launched Credit Line on UPI on its platform.
• Consumers who avail credit lines from their banks can now link these credit lines to UPI on PhonePe and
seamlessly make merchant payments.
• Reserve Bank of India (RBI) recently expanded the scope of UPI to include pre-approved credit lines, called
‘Credit Line on UPI’, allowing consumers to avail credit lines through banks and use these through their UPI
apps.
• Credit line on UPI could cross $1 trillion in transaction value by 2030: Zeta
• Karnataka Bank unveils credit line on UPI in partnership with Navi Technologies
• BoB launches Generative AI-powered virtual relationship manager and credit line on UPI

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• Credit Card Spending Via UPI Touches INR 10K Cr Mark Per Month: NPCI CEO
8. PayU partners with Amazon Pay Later

• Naspers-backed fintech firm PayU has partnered with Amazon Pay Later to provide instant digital credit
access to Indian shoppers.
• As part of this partnership, Amazon Pay Later will be integrated into PayU’s checkout infrastructure, allowing
online merchants to offer an instant credit line to their customers, thereby boosting business revenues.
9. RBI’s 5th Cohort Regulatory Sandbox

• Entities selected : 5
• 5th Cohort Regulatory Sandbox
• Announced in October, test new financial innovations in a controlled environment.
• Connectingdot Consultancy: Risk categorisation in loan portfolios
• Epifi Technologies: Digital account opening for NRIs via video KYC
• Finagg Technologies: MSME financing solutions
• IBDIC: Support for digital infrastructure
• Signzy Technologies: Unassisted video KYC
• Inter-Regulatory Working Group : 2016
• Focus : Innovation in Fintech.
• Regulatory Sandbox : live testing of new products or services in a controlled regulatory environment.
• first regulatory sandbox program in 2019.
10. Swiggy rolls out in-app UPI feature for faster payments
• Online food ordering and delivery platform Swiggy rolled out its newly integrated Unified Payments
Interface or UPI Plug-in service.
• Powered by the National Payments Corporation of India’s (NPCI) and Juspay
• Allowing customers to make faster payments directly within the application.
• Last year, rival platform Zomato also launched its in-house UPI service to improve customer experience.
11. Airtel Payments Bank Enhances Security with AI-Powered Face Match
• Launch of: Face Match
• Launched by: Airtel Payments Bank
• Aim: To protect customer accounts from fraudulent activities
• This feature utilises advanced machine learning algorithms to assess potential threats and activate facial
recognition verification when necessary.
• Face Match works by analysing various factors, including user behaviour, transaction patterns, location data,
historical information, and device signals.
• If a user's activity triggers a predetermined threat score, Face Match is activated, requiring the user to verify
their identity through a selfie.
12. Flipkart-backed SuperMoney launches UPI app

• Flipkart’s fintech venture Super.Money has officially launched its credit-first Unified Payments Interface
(UPI) application
• Super Money’s first credit solution is a Rupay credit card that functions as an interest-bearing wallet on UPI
rails.

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13. NPCI launches 'UPI Circle' for secure delegated payments with trusted users
• The National Payments Corporation of India (NPCI) has

introduced a new feature called ‘UPI Circle’ on its Unified
Payments Interface (UPI) platform.
• This feature allows primary UPI account holders to securely
delegate payment responsibilities to trusted secondary users.
• The Reserve Bank of India introduced this facility during its
August MPC meeting.
• “Delegated Payments” would allow an individual (primary
user) to set a UPI transaction limit for another individual
(secondary user) on the primary user’s bank account.
• A primary user can delegate up to 5 secondary users and a
secondary user can accept delegation from only one primary
user.
• For full delegation, members shall ensure a maximum monthly limit of ~15,000 per delegation and a
maximum per transaction limit of ~5000.
14. Bank of Baroda opens 'phygital' branch at Hyderabad

• Bank of Baroda, one of India’s leading public sector banks, inaugurated a phygital branch at Chanda Nagar in
Hyderabad.
• The phygital branch will redefine the customer experience by seamlessly integrating self-service and
assisted service models to meet the diverse requirements of customers.
• This is the Bank’s second phygital branch to be launched in the country.
• The Bank is targeting to launch 7 such phygital branches as a pilot project across the country
• The Bank opened its first phygital branch at Horniman Circle in Mumbai on 20th July, 2024

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Committees
1. RBI sets up panel to benchmark India's statistics to global standards
• Panel aim: To benchmark India's statistics to global standards and improve them as needed
• Formed by: The Reserve Bank of India
• Headed by: Deputy Governor Michael Debabrata Patra
• Total members: 10
• Submission of Report by: November 2024.
2. J&K Govt appoints Janak Raj Kotwal as head of Reservation of OBCs in Urban Local Bodies panel
• The Jammu and Kashmir Government has appointed Justice (Retd.) Janak Raj Kotwal, a former judge of J&K
High Court, as head of a panel for Reservation of Other Backward Classes (OBCs) in Urban Local Bodies
(ULBs).
• The Commission will submit its recommendations regarding proportional reservation for backward classes,
Local Body-wise (Urban & Rural) by the amendments made last year to facilitate reservation for OBCs in
Local Bodies.
RBI Corner
1. RBI releases draft circular on ‘Regulatory Principles for Management of Model Risks in Credit’
Regulatory Principles for Management of Models Risks in Credit
A. Definition:
1. 'Credit risk model' refers to any quantitative method that applies statistical, economic, financial, or mathematical
principles and assumptions to process data into an output to be used for credit decisions.
Credit decisions, for the above purpose, shall cover all decisions involved in management of a credit exposure and
may inter alia include credit scoring and borrower selection; pricing of loans; risk analysis of various loan categories;
estimating loan loss provisions and economic capital.
B. Governance and oversight
2. Regulated Entities (REs) shall put in place a detailed Board approved policy (hereinafter referred to as 'policy')
with regard to model risk management framework for all models deployed, covering the entire model life cycle. The
policy shall cover, inter alia, details of governance and oversight aspects commensurate with model
materiality; processes around model development or selection; documentation for models deployed; independent
vetting / ongoing validation or review processes; change control; and the monitoring and reporting framework
including role of internal audit function. The policy shall also cover the approach with regard to adoption and usage

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of third-party models. The REs shall maintain a Model Inventory of approved models, insourced or outsourced, with
critical information on it.
3. The deployment of individual credit models adopted under the policy, and any subsequent changes in their inputs
or assumptions, shall be with the approval of the Risk Management Committee of the Board (RMCB) or any other
Sub-Committee, as designated by the Board.
C. Model development and deployment
4. The models used by the REs may either be developed internally or sourced from external third-party suppliers,
including under collaborative lending arrangements, or can be a mix of both as per the provisions of the policy,
subject to the following broad principles:
a. The objectives of the model, problem statements and solution sought from the model should be clearly defined and
shall be essential pillars of model development.
b. The inputs and assumptions considered for the model development shall ensure adequate robustness, with a view
to effectively address the intended objectives of the model on a consistent basis.
c. There shall be a detailed documentation for each of the models which should include the details of the sensitivity of
the outputs to the assumptions and inputs, to facilitate clear understanding by RE's users, its top management and
supervisors.
d. The model should have the necessary scalability and flexibility to meet the needs of dynamic business conditions.
e. The model shall have the necessary interface with core banking/financial system, liquidity management, asset
liability management (ALM) or any other risk management system of the RE.
f. Outcomes of the model shall be consistent, unbiased, explainable and verifiable. The same shall form part of the
model validation framework.
g. In case subjective factors are used to override model outcomes, then the same shall be as per the provisions of the
policy and such deviations shall be suitably documented in an auditable format.
5. In cases where outsourced/ third party models are used, the models shall mutatis mutandis be subject to above
broad principles. The contractual agreements with the third parties shall provide for access by the RE to minimum
technical documentation on the models being used or acquired that should give reasonable understanding on design,
configuration and operation of the model. REs shall be ultimately responsible and accountable for the integrity and
outcomes of outsourced models.
D. Model validation framework
6. REs shall put in place a model vetting / validation process, independent of model development / selection, for
assessing the robustness of models developed inhouse or otherwise. Each model shall be validated before
deployment as well as after any subsequent amendments owing to material events or as part of periodic reviews,
which shall be at least on a yearly basis. The REs may also consider engaging external experts for validation of the
models deployed by them, as provided under their policies.
7. The validation exercise shall inter alia include review of assumptions underlying the model for their validity /
substantiation; verification of the accuracy of data used in the model and reliability of data sources; confirming
compliance with extant regulatory / statutory instructions; evaluation of model documentation for completeness
and accuracy, and assessment of the efficacy of the model outcomes through back-testing. Besides, the validation
exercise shall comprehensively review all the limitations and weaknesses in the models, including instances of bias
or discrimination, if any, to ascertain the need for suitable corrective measures.

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8. Validation outcomes shall, inter alia, be in terms of suitable and easily understood ex ante parameters. The results
should be compared against benchmarks prescribed in the policy framework and should be placed before the Risk
Management Committee of the Board (RMCB) or the designated Sub-Committee of the Board as mentioned at clause
B above.
9. The models deployed by the REs shall be subjected to supervisory review. The Reserve Bank may also engage
external experts to validate the models deployed by REs, including the external models deployed for their credit
management, based on supervisory risk perception. Accordingly, wherever REs have engaged external models in
terms of clause C above, such arrangements shall include appropriate contractual provisions enabling supervisory
evaluation of such models either directly by the Reserve Bank officials or by other external experts as engaged by
the Reserve Bank.
2. RBI announces constitution of an Expert Committee on Benchmarking of its Statistics
The Reserve Bank of India (RBI) has constituted an Expert Committee under the chairmanship of deputy
governor Michael Debabrata Patra to benchmark the statistics regularly disseminated by it against global
standards/best practices; study the quality of other regular data, where such benchmarks do not exist (e.g.,
sectors of national priority); and provide guidance on the scope for any further data refinement.
The members of this committee include R. B. Barman, former chairman, National Statistical Commission member;
Sonalde Desai, National Council of Applied Economic Research (NCAER), New Delhi, and University of Maryland,
USA; Partha Ray, Director, National Institute of Bank Management, Pune; Bimal Roy, former chairman, National
Statistical Commission; and former director, Indian Statistical Institute, Kolkata; Paul Schreyer, former chief
statistician, Organisation for Economic Co-operation and Development (OECD); Sudarshan Sen, former executive
director, RBI; Bruno Tissot, head of Statistics and Research Support, Bank for International Settlements (BIS);
Muneesh Kapur, executive director, RBI and O.P. Mall, executive director, RBI.
The Committee will submit its report by the end of November 2024.
The Reserve Bank’s Department of Statistics and Information Management (DSIM) will provide the necessary
secretarial assistance to the Committee.

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3. Monetary Policy Statement, 2024-25 Resolution of the Monetary Policy Committee (MPC) August 6
to 8, 2024
• MPC voted to keep repo rate unchanged at 6.50 per cent. Standing deposit facility (SDF) rate remains
unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
• The MPC also decided to continue withdrawal of accommodation stance.
• RBI Governor said that the MPC has decided to focus on inflation and support price stability to ensure growth.
• The real GDP forecast for FY25 was kept unchanged at 7.2% with Q1 slightly reduced to 7.2 per cent; Q2 at 7.2
per cent; Q3 at 7.3 per cent; and Q4 at 7.2 per cent
• The real GDP for Q1FY26 is also projected at 7.2 per cent
• The RBI MPC projected inflation forecast for FY25 unchanged at 4.5 per cent, while it stands at 4.4 per cent for
FY26.
• Inflation for Q2 has been hiked to 4.4 per cent from 3.8 per cent; Q3 projection raised to 4.7 per cent from 4.6
per cent and finally Q4 projection eased to 4.3 per cent from 4.5 per cent.
• MPC stays resolute in its commitment to aligning inflation to the 4 per cent target on a durable basis, RBI Guv
said.
• India’s current account deficit (CAD) moderated to 0.7 per cent of GDP in 2023-24 from 2.0 per cent of GDP in
2022-23 due to a lower trade deficit and robust servicesand remittances receipts.
• India's forex reserves reached a new high of $675 billion as of August 2.
• RBI Guv noted that rapid growth in home equity and top-up loans, especially on collateralized loans, with
some entities not adhering to regulatory guidelines, could lead to unproductive or speculative fund use. RBI
has advised a review and necessary corrective actions.
Key announcements
• The RBI has proposed to create a public repository of digital lending apps to help prevent unauthorised
lenders.
• UPI tax payment limit has been hiked from Rs 1 lakh to Rs 5 lakh per transaction.
• It has also been proposed to introduce continuous cheque clearing. Steps to speed up clearance of cheques to
few hours will be taken up.
• RBI has decided to increase the frequency of credit information reporting by credit institutions (CIs) to credit
information companies (CICs) from a monthly basis to a fortnightly basis or at such shorter intervals as
agreed upon.
• RBI proposed to introduce "Delegated Payments" in UPI, which would allow an individual to set a UPI
transaction limit for another individual (secondary user) on the primary user’s bank account.

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4. Framework for Recognition of Self-Regulatory Organisations (SROs) in Financial Markets – Invitation
of applications
The Reserve Bank has a legislative mandate to regulate the interest rate and foreign exchange markets which
are critical for the resilient functioning of the financial system and the broader economy, and for ensuring
financial stability. As part of this mandate, the Reserve Bank is tasked with the regulation, development and
oversight of the interest rate markets, including the Government securities market; money markets,
including the market for repo in Government securities and corporate bonds; foreign exchange markets;
derivatives on interest rates / prices, foreign exchange rates and credit. The Reserve Bank is also responsible
for the regulation of financial market infrastructure, including financial market benchmarks, for these
markets. The Reserve Bank regulates financial markets within the overarching statutory framework of the
Reserve Bank of India Act, 1934, the Government Securities Act, 2006, Foreign Exchange Management Act,
1999, the Bilateral Netting of Qualified Financial Contracts Act, 2020 and the Payment and Settlement
Systems Act, 2007.
Self-Regulatory Organisations (SROs) can play a vital role in this direction by proactively developing and
ensuring adoption and adherence to industry standards and best practices by its members in the financial

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markets. The self-regulation shall complement the extant legislative / regulatory framework and help further
develop the financial markets in terms of enhanced integrity, professionalism, compliance, innovation, and
ethical conduct. In deliverance of this role, the SRO shall frame necessary best practices / standards / codes
within the regulatory framework prescribed by the Reserve Bank of India for voluntary adoption by its
members and these shall not be a substitute to the prescribed regulatory framework. The promotion of
compliance culture established through high levels of internal governance can help reduce the compliance
burden on market participants and promote an ecosystem conducive to the development of the financial
markets.
The Framework for recognition of SROs in financial markets regulated by the Reserve Bank (hereinafter “the
Framework”) is based on the Omnibus Framework for recognising SROs for Regulated Entities, issued by the
Reserve Bank on March 21, 2024, with necessary amendments to reflect the specificities and characteristics
of SROs for financial markets. In line with the Omnibus Framework, the Framework prescribes the broad
objectives, functions, eligibility criteria, governance standards, membership criteria and other terms and
conditions to be followed by the SROs for grant of recognition by the Reserve Bank. The guidelines contained
in the Framework are the minimum requirements and recognised SROs will be encouraged to develop their
best practices going beyond what has been set out in the Framework.
Key Higlights of Olympics 2024

India has won 6 medals including 1 silver and 5 bronze at Paris 2024 Olympics, held from 26 July 2024to 11
August 2024. While, the United States of America (USA) topped the medal tally with 126 medal (including 40
gold), followed by China with 91 medals (including 40 gold). Here are the key highlights:
Key Higlights of Olympics 2024

Edition XXXIII
Host Country Paris, France
Note: This the third time, France is hosting the Olympic games (earlier1900
and 1924)
Date 26 July 2024 - 11 August 2024

Motto Games Wide Open
Participated Nation 206
Debut Sports 4 (Breaking (Dance), Sports Climbing, Surfing, and Skateboardings)
Venue • Jardins du Trocadéro and the Seine (opening ceremony)
• Stade de France (athletics competition, closing ceremony)

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Mascot Olympic Phryge
Note:
Gold (529 gram and 95.4% is actually made up of silver and cost of 2024 Olympic gold medal is $950
aproximately)

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Medal Table:
India’s Performance at Paris 2024 Olympics:
Sports Winner Medal

Shooting
Women's 10m air pistol Manu Bharker Bronze
Mixed team 10m air pistol Manu Bhaker-Sarabjot Singh Bronze
Swapnil Kusale Men's 50m rifle 3 positions Bronze

Hockey
Men's event Team India Bronze (Over Spain by 2-1)

Note: Note: Back-to-back Olympic medals
• Hockey team Captain: in hockey for the first timein 52 years,
Harmanpreet Singh since Munich 1972.
• Goal keeper: P R Sreejesh Gold won by: Netherlands
Athletics Javelin Throw

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Men's javelin throw Neeraj Chopra (Best throw: Silver
89.45m) Note: Gold medal in Men's javelin
throw won by Arshad Nadeem
(Pakistan), with a throw of 92.97 m.
Wrestling
Men's freestyle 57kg Aman Sehrawat Bronze (Defeated Puerto Rico’s
Darian Cruz)

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Points to Remembers:
• Total Indian Athletes: 117 (Male: 70 and Female: 47)
• Chef- De- Mission for Paris Olympics (India): Gagan Narang (Replaces Mary Kom)
• Former shooter Abhinav Bindra selected to take part in the Paris 2024 Olympic Torch Relay.
• Sponsporship:
o Principal Sponsor: Adani Group
o Official footwear partner: Puma
• First Indian Woman on the Paris Olympics 2024 Jury: Bilquis Mir
• India’s ranking at Olympics 2024: 71
• First Indian woman to win an Olympic shooting medal: Manu Bhakers
• First Indian to win two medals at a single edition of the Olympics: Manu Bhaker (Norman Pitchard,
British Indian Athlete two silver medals at the 1900 Paris Olympics)
• India's youngest Olympic medallist: Aman Sehrawat (21 years 24 days)
• First Indian shooter to win medal in the 50m Rifle 3 Positions at Olympics: Swapnil Kusale
• First Indian shuttler to reach the semi-finals in a men's badminton: Lakshya Sen
• Olympic Order Award 2024: Abhinav Bindra (Indira Gandhi: 1983)
• Flag Bearer:
o Opening Flag Bearer: P V Sindhu (Badminton) and Sharath Kamal (Table Tennis)
o Closing Flag Bearer: PR Sreejesh (Hockey player) and Manu Bhaker (Shooter)
• Athlete to represent India at Paris 2024 (In terms of age):
o Oldest athlete: Rohan Bopanna (44 years, Tennis Player)
o Youngest athlete: Dhinidhi Desinghu (14 years, Swimmer)
• Largest contributor to the Indian contingent: Athletics (29 players)
• Retirement announced at Olympcs 2024: PR Sreejesh (Hockey Player) and Vinesh Phogat(Wrestler)
• Disqualification of Vinesh Phogat:
o She was disqualified from the Women’s 50Kg wrestling final at Paris 2024 Olympicsdue to
overweight by 100 gram, ahead of her gold match.
o Women’s 50Kg wrestling final:
 Gold won by Sarah Hildebrandt (United States)
 Silver won by Yusneylys Guzmán (Cuba)
• Who is Noah Lyles?
o He is an American professional track and field sprinter, who won men's 100-metre final atParis 2024

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by 0.005 seconds.
o His personal best time of 9.784 seconds.
• Men's singles Tennis at 2024 Summer Olympics:
o Won by: Novak Djokovic (Serbia)
 Note: Withi this medal, he has accomplished a Golden Slam in tennis
(winning eachof the Grand Slam tournaments and an Olympic gold
medal)
 Australian Open: 10
 French Open: 3
 Wimbledon: 7
 US Open: 4
 Olympic medal: 1
o Defeated: Carlos Alcaraz (Spain)
• Football winner: USA (Women) and Spain (Men)
• Summer 2028 Olympics: Los Angeles
• Winter Olympics:
o 2026 Olympics: Milano Cortina, Italy
o 2030 Olympics: France
o 2034 Olympics: Utah, USA
• Top officials:
• International Olympic Committee President: Thomas Bach
 Note: Reliance Foundation chairperson Nita Ambani is the
International OlympicCommittee member from India
• Indian Olympic Association President: P T Usha
• Indian History of Olympics:
• First Indian to win an Individual Medal at Olympics after Independence:
KD Jadhav(Wrestler, (Bronze, 1952 Helsinki))
• First Indian woman to ever win an Olympic medal: Karnam Malleswari
(2000 SydneyOlympics, Bronze, 69 Kg weightlifting)
• First Indian to win gold in athlete at Olympics: Neeraj Chopra (Tokyo 2020)

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Unified Pension Scheme

The Union Cabinet, chaired by Prime Minister Narendra Modi approved the Unified Pension
Scheme (UPS), which aims to provide assured pension, family pension, and assured minimum
pension to government employees.
Under the new scheme, employees would get an assured pension of 50 per cent of the average basic
pay drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25
years. And if the the concerned employee has served less than 25 years, but more has completed 10
years, then the pension would be proportionately derived.
• Further, in case of demise of the retired employee, then his or her family would be able to
avail an assured family pension of 60 per cent of the pension received by the employee
immediately before his or her demise. The new scheme also assures a minimum pension
of ₹10,000 per month on superannuation after minimum 10 years of service.
• The employee would get a lump-sum payment at superannuation in addition to the gratuity.
It would be one-tenth of the monthly emolument as on the date of superannuation for every
completed six months of service. This payment will not reduce the quantum of assured
pension.
• Government has increased its shared of contribution under the new scheme to 18.5 per
cent, while the employee contribution would remain the same.
The UPS will provide

government
employees with
assured pensions
after retirement.

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WHY UPS?
• State govts. In Himachal Pradesh (2023), Rajasthan and Chhattisgarh (2022) and Punjab
(2022) have reverted to the Old Pension Scheme (OPS).
• Less disposable income as the employees too have to invest in nps.
• Lack of trust, as the fund is being invested by fund manager, leading to fear of low pension.
• A Fixed monthly contribution of 10% of their monthly pay.
• The NPS requires a mandatory 40% allocation of maturity proceeds to purchase an
approved annuity plan
Background
RELATED COMMITTEE: T.V. SOMANATHAN COMMITTEE
• A committee led by finance secretary TV Somanathan was set up by the Finance Ministry
last year to review the current pension scheme for government employees. All government
employees who joined the service after April 1, 2004, come under the purview of the NPS.
• Meanwhile, NPS subscribers can chose between the two schemes. It is important to note
that UPS offers assured pension to employees who have served for a minimum of 25 years
and proportionate or Rs. 10,000 per month minimum pension to employees who have
served for a minimum of 10 years.
TV Somanathan is the current Cabinet

Secretary of India. He replaced Rajiv
Gauba who was given a one-year

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extension last year and is the country's
longest-serving Cabinet Secretary.
Who is eligible for Unified Pension Scheme?
Applicable from April 1 next year, all Central government employees who are retired or retiring on
or before 31 March 2025, with arrears, will be eligible under UPS.
The UPS, approved by the Union Cabinet on

24.8.2024, which will be effective from
01.04.2025 and is expected to bene�it 23 lakh
Central Government Employees.
FEATURES
• Availability : The new scheme is for central government employees, but states can adopt it
as well.
• Eligibility: Applicable to all those who have retired under the NPS from 2004 onwards.
• Term in Service: Employees who have completed a minimum of 10 years of service.
• For full benefits : at least 25 years of service.
• Existing Pension Holders: The scheme is optional for existing employees under the NPS and
those opting for Voluntary Retirement Scheme (VRS) under NPS.
• Future Employees: They will also have the option to join the UPS. However, once an
employee opts into the UPS, the decision is final and cannot be reversed.
• Contribution: The government will increase its contribution to the pension fund from 14%
to 18.5%. This increase does not affect the employee’s contribution, which remains
unchanged.

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Key features

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Image source: PIB
• Assured Pension: 50% of the average basic pay drawn over the last 12 months prior to
superannuation for a minimum qualifying service of 25 years.
• Assured Family Pension: 60% of pension of the employee immediately before her/his
demise.
• Assured Minimum Pension: Rs 10,000 per month on superannuation after minimum 10
years of service.
• Dearness Relief based on All India Consumer Price Index for Industrial Workers (AICPI-IW)
as in case of service employees.
• Lump-Sum Payment at Superannuation: This will be in addition to gratuity, and will be
calculated as 1/10th of the monthly emolument (pay plus dearness allowance) on the date
of superannuation for every six months of service completed.
UPS vs NPS
• UPS comes with the promise of an assured pension. Those who have opted for NPS will
be permitted to switch to UPS following year. Meanwhile, National Pension System (NPS) is
a market-linked defined contribution scheme. Because the funds in NPS are invested in the market,
the pension amount is not fixed and may vary based on market conditions.
• Under the NPS, the employee contributed 10 per cent of their basic salary, while the government
matched it with a 14 per cent contribution. UPS takes the government’s contribution to 18.5%,
while the employees will keep on contributing 10 per cent of theri basic pay and DA.
• Employees contributing to NPS are eligible for tax deductions of up to 10 per cent of their salary
(Basic + DA) under Section 80 CCD(1), within the overall limit of ₹1.5 lakh under Section 80 CCE,
Mint reported. Additionally, they can claim an extra deduction of up to Rs 50,000 under Section 80
CCD(1B), beyond the Rs 1.5 lakh ceiling under Section 80 CCE. The tax benefits under the UPS are
yet to be announced.
• While UPS is just for government employees who have opted for NPS, private employees could also
opt for NPS if their employer had adopted the contribution. Alternatively, any Indian citizen
between the ages of 18 and 70 can voluntarily choose to enroll in the NPS.
Key differences between UPS and OPS:
1. Differences in pension calculation: The Old Pension Scheme (OPS) and the Unified Pension
Scheme (UPS) have different ways to calculate the pension amount. Under the old scheme, the
assured pension was fixed at 50 per cent of the last base salary plus dearness allowance (DA).
Compared to the new scheme of UPS, the assured pension in the UPS will be the average basic
salary plus the DA drawn in the previous year before superannuation. This means that when

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government employees retire, they will get 50 per cent of the average of last year's salary plus the
DA. If an employee gets promoted to a higher pay scale for the last few months, they will get a
slightly lower amount as it would be 50 per cent of the average of the last year.
2. Employee contribution to UPS: Under the UPS scheme, an employee must contribute a share to
the pension fund, similar to an employee contribution to the National Pension System (NPS). The
contribution amount is 10 per cent of the basic pay, and the DA under UPS and the government will
also contribute 18.5 per cent, compared to the previous 14 per cent to the UPS. In the OPS,
employees did not make contributions.
3. Tax benefits: Central government employees are eligible for tax benefits for the government's
contribution to the NPS scheme. They can deduct 14 per cent under the Income Tax Act 1961 from
both the old and new taxation regimes. As there were no employee contributions to OPS, they
cannot reap tax benefits.
4. Higher minimum pension in UPS: Under the UPS scheme, the minimum pension offered per
month is ₹10,000 at the time of retirement after a 10-year minimum service. The present minimum
amount is ₹9,000 after the ten-year minimum service period.
5. Lumpsum payments: Under the UPS, lumpsum payments are offered at the time of
superannuation. It will be calculated as one-tenth of monthly salary plus DA, as on the date
of superannuation for every six months of service completed. It will not reduce the quantum
of the pension, according to the government release. Unlike under OPS, which enables the
lumpsum to be taken at retirement through commutation of pension, which reduced the
pensions amount.

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UPS- NPS- OPS: Overall key differences
Current Affairs Practice questions

1. The average cost of a data breach in India reached an C. The most common initial attack types
all-time high of Rs. 19.5 crore in 2024, according to a in India were phishing and stolen or
recent Data Breach Report. Consider the following compromised credentials, accounting
statements. for 18% incidents each. This was
A. Google's latest annual Cost of a Data followed by cloud misconfiguration
Breach Report reveals the average (12%).
cost of a data breach in India has
reached an all-time high of Rs 195 Which of the above
million, or Rs 19.5 crore, in 2024. statements is/are Correct?
B. Breach costs have jumped 11% since (1) A,B
2020 and 9% from the previous year, (2) B,C
as they grow more disruptive and (3) A,B,C
further expand demands on cyber (4) A,C
teams. (5) A only

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Answer key-2 Solution:India is ranked 39th
Solution: The average cost of a data breach in among 119 countries,
India reached an all-time high of Rs 19.5 according to the Travel and
crore in 2024, according to IBM's Data Breach Tourism Development Index
Report. It reveals that breach costs jumped 2024 report published by the
39% since 2020 and 9% from the prior year, World Economic Forum.
as breaches grow more disruptive and further As per the UNWTO barometer
expand demands on cyber teams. for May 2024, there were 975
The most common initial attack types in India million international tourist
were phishing and stolen or compromised arrivals around the world in
credentials, accounting for 18% incidents 2022, wherein India recorded
each. This was followed by cloud 14.3 million international
misconfiguration (12%). Business email tourist arrivals that
compromise was the costliest root cause at an represented 1.47 per cent of
average total cost of Rs 215 million per the international inbound
breach, followed by social engineering (Rs tourism market share. The
213 million) and phishing (Rs 209 million) as share of India’s international
the next highest costs. tourist arrivals in Asia and the
Pacific will be 15.66 per cent
2. As per the UNWTO barometer for May 2024, there in 2022.
were 975 million international tourist arrivals around
the world in 2022, wherein India recorded 14.3 3. World Breastfeeding Week is held in the first week of
million international tourist arrivals that represented August every year. Consider the following statements.
1.47 per cent of the international inbound tourism A. It is supported by WHO, UNICEF and
market share. Consider the following statements. many Ministries of Health and civil
A. India is ranked 39th among 119 society partners.
countries, according to the Travel and B. The theme for 2024 is Closing the gap:
Tourism Development Index 2024 Breastfeeding support for all.
report. C. In 2018, a World Health Assembly
B. The report has been published by the resolution endorsed World
UN Tourism. Breastfeeding Week as an important
C. The share of India’s international health promotion strategy.
tourist arrivals in Asia and the Pacific
will be 15.66 per cent in 2022. Which of the above
statements is/are correct?
Which of the above
(1) A,B
statements is/are Correct?
(2) B,C
(1) A,B
(3) A,B,C
(2) B,C
(4) A,C
(3) A,B,C
(5) A only
(4) A,C
(5) A only Answer key-3
Solution:
Answer key-4
World Breastfeeding Week is held in the first
Solution:
week of August every year.

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A. It is supported by WHO, UNICEF and Modi also addressed the gathering on
many Ministries of Health and civil the occasion. The Conference is being
society partners. held in India after 65 years.
B. The theme for 2024 is Closing the gap: The triennial International Conference
Breastfeeding support for all. of Agricultural Economists (ICAE-
C. In 2018, a World Health Assembly 2024), centred on the theme
“Transformation Towards Sustainable
resolution endorsed World Breastfeeding
Agri-Food Systems” is scheduled from
Week as an important health promotion August 2-7, 2024, in New Delhi, India.
strategy. The conference offers a distinctive
The campaign will celebrate breastfeeding platform, providing a golden
opportunity for the agricultural
mums in all their diversity, throughout their
academic institutions and researchers
breastfeeding journeys, while showcasing the to convene in person, exchange
ways families, societies, communities and knowledge, and actively contribute to
health workers can have the back of every the global agricultural research
breastfeeding mum. community.
4. The International Conference of Agricultural 5. The Union Government has permitted 100 per cent
Economists (ICAE-2024), centred is scheduled from Foreign Direct Investment (FDI) via automatic route for
August 2-7, 2024. Consider the following statements. aircraft maintenance, repair and overhaul (MRO).
A. Prime Minister Narendra Modi Consider the following statements.
inaugurated the 34th International A. In a major boost to the domestic MRO
Conference of Agricultural Economists industry and the aviation sector, the
(ICAE) in New Delhi government has announced that a uniform
B. The Conference is being held in India rate of 10 per cent IGST will apply to
after 65 years. imports of parts components, testing
C. The triennial International Conference equipment, tools and tool-kits of aircraft,
of Agricultural Economists (ICAE-2024) irrespective of their HSN classification
is centred on the theme subject to specified conditions.
“Transformation Towards Sustainable B. As part of the announcements made in
Agri-Food Systems” Union Budget 2024-25, the period for
export of goods imported for repairs has
Which of the above been extended from six months to one
statements is/are Incorrect? year.
C. New MRO Guidelines announced on 1st
September, 2021 inter alia abolish
(1) A,B royalties and build in transparency and
(2) B,C certainty in land allotments for MROs in
(3) A,B,C AAI airports.
(4) A,C
(5) A only Which of the above statements is/are
correct?
Answer key-5
(1) A,B
Solution:
(2) B,C
Prime Minister Narendra Modi
(3) A,B,C
inaugurated the 32nd International
(4) A,C
Conference of Agricultural
Economists (ICAE) in New Delhi . Mr (5) A only

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Answer key-2
1 lakh crore rupees have been
Solution:
approved.
The Union Government has
permitted 100 per cent Foreign C. AB-PMJAY aims to provide health
Direct Investment (FDI) via
cover of Rs. 5 lakhs per family per
automatic route for aircraft
maintenance, repair and overhaul year for secondary and tertiary care
(MRO).
In a major boost to the domestic hospitalization to approximately 55
MRO industry and the aviation
crore beneficiaries corresponding to
sector, the government has
announced that a uniform rate of 5 12.34 crore families constituting the
per cent IGST will apply to
imports of parts components, bottom 40% of India’s population.
testing equipment, tools and tool-
kits of aircraft, irrespective of their
Which of the above statements is/are
HSN classification subject to
specified conditions. correct?
As part of the announcements
made in Union Budget 2024-25, (1) A,B
the period for export of goods (2) B,C
imported for repairs has been (3) A,B,C
extended from six months to one (4) A,C
year. (5) A only
New MRO Guidelines announced
on 1st September, 2021 inter alia Answer key-2
abolish royalties and build in Solution:
transparency and certainty in land
allotments for MROs in AAI According to a statement from the
airports.
government, more than 34 crore
6. According to a recent statement from the government, Ayushman cards have been created
more than 34 crore crore Ayushman cards have been under the Ayushman Bharat- Pradhan
created under the Ayushman Bharat- Pradhan Mantri
Jan Arogya Yojana (AB-PMJAY) by the end of June 30, Mantri Jan Arogya Yojana (AB-PMJAY)
2024. Consider the following statements.
by the end of June 30, 2024.
A. The scheme is being executed in 31
The scheme is being executed in 33
states and union territories in the
states and union territories in the
country except Delhi, West Bengal,
country except Delhi, West Bengal,
and Odisha.
and Odisha. According to Jadhav,
B. Under the scheme, 7.37 crore
under the scheme, 7.37 crore hospital
hospital admissions worth more than

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Solution:
admissions worth more than 1 lakh
The Reserve Bank of India (RBI) launched the
crore rupees have been approved. prompt corrective action (PCA) framework
for urban co-operative banks (UCBs), on the
AB-PMJAY aims to provide health
lines of PCA norms for scheduled commercial
cover of Rs. 5 lakhs per family per banks and non-banking finance companies.
The framework will come into effect from
year for secondary and tertiary care
April 1, 2025.
hospitalization to approximately 55
The banking regulator places regulated
crore beneficiaries corresponding to
entities under PCA when they fail to meet the
12.34 crore families constituting the minimum regulatory requirement on capital
bottom 40% of India’s population. adequacy ratio (CRAR), non-performing
assets (NPAs) and profitability. Once placed
under the PCA, the entity faces severe
7. The Reserve Bank of India (RBI) launched the prompt business restrictions which are lifted only
corrective action (PCA) framework for urban co- when it meets the necessary regulatory
operative banks (UCBs), on the lines of PCA norms for requirements.
scheduled commercial banks and non-banking finance
Under the PCA framework, co-operative
companies. Consider the following statements.
A. The framework will come into effect banks with more than 6-12% net NPA ratio
from January 1, 2025. can be placed under restriction. UCBs which
B. The banking regulator places have been posting net losses for two
regulated entities under PCA when consecutive years can also be placed under
they fail to meet the minimum the framework. UCBs from all tiers, except
regulatory requirement on capital tier-I entities with up to Rs 100 crore in
adequacy ratio (CRAR), non- deposits which are posting 2.5%-4% lower
performing assets (NPAs) and CRAR than the minimum requirement of 9%,
profitability. can be placed under the PCA norms.
C. Under the PCA framework, co- The regulator has provided tier-2 to tier-4
operative banks with more than 6- UCBs a glide path for achieving the regulatory
12% net NPA ratio can be placed
minimum CRAR of 12% by March 31, 2026.
under restriction.
D. UCBs which have been posting net
8. Digital payments across the country registered a 12.6
losses for two consecutive years can
per cent on-year rise as on March 31, 2024, according
also be placed under the framework.
to RBI's Digital Payments Index (RBI-DPI) that
Which of the above measures the adoption of online transactions.
statements is/are correct? Consider the following statements. Consider the
following statements.
(1) A,B
A. RBI's Digital Payments Index (RBI-DPI)
(2) B,C,D stood at 445.5 at the end of March
(3) A,B,C 2024 compared to 418.77 in
(4) A,C September 2023 and 395.57 in March
(5) A only 2023.
Answer key-

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B. The RBI had announced the 9. This year, UNESCO has added 25 new landmark sites
construction of a composite RBI-DPI into the World Heritage List during the 46th World
March 2018 as a base to capture the Heritage Committee Session held at Bharat Mandapam
extent of digitisation of payments in New Delhi. Consider the following statement.
across the country. A. 19 of these sites have been inducted
as Cultural Heritage Sites, while 4
C. The index comprises 3 broad
have been inducted under the Natural
parameters to measure the deepening
category and two under the “Mixed”
and penetration of digital payments
over different periods. category.
B. India’s Moidams of Assam was
Which of the above statements is/are inducted as India’s 43rd World
correct? Heritage Site.
(1) A,B C. The Moidams has propelled India at
(2) B,C the 6th position globally for the most
(3) A,B,C number of World Heritage Properties.
(4) A,C Which of the above statements is/are
(5) A only correct?
Answer key-1 (1) A,B
Solution: (2) B,C
Digital payments across the country (3) A,B,C
(4) A,C
registered a 12.6 per cent on-year rise as on
(5) A only
March 31, 2024, according to RBI's index that
measures the adoption of online transactions. Answer key-3
RBI's Digital Payments Index (RBI-DPI) stood Solution:
at 445.5 at the end of March 2024 compared This year, UNESCO has added 25 new
to 418.77 in September 2023 and 395.57 in landmark sites to the World Heritage List
March 2023. during the 46th World Heritage Committee
The central bank had announced the Session held at Bharat Mandapam in New
construction of a composite RBI-DPI in March Delhi. Furthermore, two major boundary
2018 as a base to capture the extent of modifications have also been formalised by
digitisation of payments across the country. the Committee. Among these, 13 new sites
The index comprises 5 broad parameters to were inscribed today including Japan’s Sado
measure the deepening and penetration of Island Gold Mines, Thailand’s PhuPhrabat
digital payments over different periods. Historical Park, South Africa’s Nelson
These parameters are Payment Enablers Mandela Legacy Sites for Human Rights,
(weightage 25%), Payment Infrastructure Liberation and Reconciliation, Italy’s Via
Demand-side factors (10%), Payment Appia and China’s Beijing Central Axis
Infrastructure Supply-side factors (15%), amongst others. 19 of these sites have been
Payment Performance (45%), and Consumer inducted as Cultural Heritage Sites, while 4
Centricity (5%). The index has been have been inducted under the Natural
published semi-annually since March 2021, category and two under the “Mixed” category.
with a lag of four months. India’s Moidams of Assam was inducted as
India’s 43rd World Heritage Site. The

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Moidams has propelled the nation at the 6th B. Large non-bank PSOs such as Clearing
position globally for the most number of Corporation of India Limited (CCIL),
World Heritage Properties. National Payments Corporation of India
(NPCI), Bharat Bill Payment Operating
10. Singapore emerged as the world's safest city Units (BBPOUs), and Payment
destination, ahead of Tokyo (Japan) according to Aggregators (PAs), among others, need
Forbes Advisor. Consider the following statements. to abide by the directions by April 2025.
A. Toronto (Canada) ranked third. C. Medium non-bank PSOs such as cross-
B. Caracas in Venezuela, scores 100 out of border (in-bound) money transfer
100, topping the list as the most risky city operators under the Money Transfer
for tourists. Service Scheme (MTSS) and medium
C. Karachi in Pakistan is the second least prepaid payment instrument (PPI)
safe city for tourists. issuers have time until April 2026.
D. Small PPI issuers and instant money
Which of the above statements is/are transfer operators are required to
correct? comply with the guidelines by April
(1) A,B 2028.
(2) B,C
(3) A,B,C Which of the above statements is/are
(4) A,C correct?
(5) A only (1) A,B
(2) B,C,D
Answer key-3 (3) A,B,C,D
Solution: (4) A,C
In the end, Singapore emerges as the world's (5) A only
safest city destination, ahead of Tokyo
Answer key-3
(Japan) and Toronto (Canada). In terms of the
Solution:
assessed risk level, Singapore scores 0 out of
The Reserve Bank of India (RBI) issued final
100, according to Forbes Advisor. Conversely,
guidelines on cyber resilience and digital
Caracas in Venezuela, scores 100 out of 100,
payment security controls for non-bank
topping the list as the most risky city for
payment system operators (PSOs), wherein it
tourists.
has mandated different timelines for these
But not everywhere in Asia scores so well.
entities, based on their sizes, to set up
Karachi in Pakistan is the second least safe
necessary compliance structures. These
city for tourists (93.12), and Yangon in Burma
directions come into effect on July 30.
is third, with a measured risk of 91.67 out of
Large non-bank PSOs such as Clearing
100.
Corporation of India Limited (CCIL), National
Payments Corporation of India (NPCI), Bharat
11. The Reserve Bank of India (RBI) in July 2024 issued
Bill Payment Operating Units (BBPOUs), and
final guidelines on cyber resilience and digital
Payment Aggregators (PAs), among others,
payment security controls for non-bank payment
system operators (PSOs). Consider the following need to abide by the directions by April 2025.
statements. Medium non-bank PSOs such as cross-border
A. These directions come into effect on July (in-bound) money transfer operators under
30, 2024. the Money Transfer Service Scheme (MTSS)

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and medium prepaid payment instrument reasons for borrower’s default and
(PPI) issuers have time until April 2026. recommends borrower specific pathways to
Small PPI issuers and instant money transfer banks/lenders for improving risk mitigation.
Epifi Technologies Private Limited: The
operators are required to comply with the
solution allows for digital opening of
guidelines by April 2028. NRE/NRO accounts through video KYC and
12. The Reserve Bank of India recently announced the identity validations, thus enabling a seamless
initiation of the test phase for the fifth cohort of its account opening experience for NRIs. It is
regulatory sandbox. Consider the following statements. expected to bring in efficiency by reducing
A. This cohort, characterized by its cost, turnaround time, and obviating the need
theme-neutral stance, received a total for physical documentation and verification.
of 22 applications. Finagg Technologies: The solution is a
B. Out of which six have been selected blockchain based deep tier vendor financing
for testing their innovative solutions solution that enables financing for MSMEs,
starting August 2024. which are part of the procurement supply
chain of large enterprises commonly referred
C. Indian Banks’ Digital Infrastructure
to as anchors. It enables conversion of
Company (IBDIC) is one of the
receivables from anchors into blockchain
selected entities. based tokens which can be redeemed by
MSMEs for availing credit from banks/
Which of the above statements is/are NBFCs. The solution aims to make easy and
correct? affordable credit accessible to lower tier/
(1) A,B small MSMEs.
(2) B,C Indian Banks’ Digital Infrastructure
(3) A,B,C Company (IBDIC): The deep tier financing
(4) A,C solution powered by blockchain and smart
(5) A only contract enables MSMEs, which are part of
the supply chain of a creditworthy anchor to
Answer key-4 get access to affordable finance linked to their
Solution: value addition. OEM invoice accepted by the
anchor is tokenised and the platform
facilitates the transfer of these tokens by the
The Reserve Bank of India has announced the
buyer to the seller in lieu of payment for the
initiation of the test phase for the fifth cohort accepted invoice. Lenders fund the supplier
of its regulatory sandbox, following the against these tokens digitally on this
announcement made in October 2023. This platform. The solution aims to make easy and
cohort, characterized by its theme-neutral affordable credit accessible to lower tier/
stance, received a total of 22 applications, out small MSMEs.
of which five have been selected for testing Signzy Technologies: The solution offers an
unassisted video KYC solution that allows
their innovative solutions starting August
users to complete video KYC steps
2024. independently without involvement of
The selected entities and their solutions officials of regulated entities. It envisages to
are as follows: reduce time, increase success rates,
Connectingdot Consultancy Private significantly lower customer drop-offs and
Limited: The solution aims to provide high ensure a seamless and efficient KYC
accuracy in predicting loan defaults by experience for both customers and regulated
segregating the loan portfolios into high, entities.
medium and low risk categories. It provides

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13. As measured by the Prevalence of Undernourishment A. It emerged as the most-chosen in-home
(PoU) by the United Nation’s Food and Agriculture trademark for a record 7 years in a row.
Organisation (FAO), Hunger in India has come down B. Parle was followed by Britannia, Amul,
to 13.7per cent in 2021-23, the latest report showed. Clinic Plus and Tata Consumer Products
Consider the following statements. C. Parle has a consumer reach point (CRP)
score of 7,980 million.
A. As measured by the Prevalence of
Undernourishment (PoU) by the Which of the above
United Nation’s Food and Agriculture statements is/are correct?
Organisation (FAO) — has come (1) A,B
down from 16.6 per cent of the (2) B,C
population in the 2020-2022 to 13.7
(3) A,B,C
per cent in 2021-23.
(4) A,C
B. State of Food Security and Nutrition
in the World (SOFI 2024) showed this (5) A only
data. Answer key-2
C. This means that around 39.3 million
Solution:
people have come out of
undernourishment between the two
periods. Legacy biscuit and
confectionery maker Parle
Which of the above statements is/are continues to be the most-
favoured FMCG brand in a
correct?
recent analysis by market
(1) A,B research firm Kantar,
(2) B,C emerging as the most-chosen
(3) A,B,C in-home trademark for a
(4) A,C record 12 years in a row.
(5) A only
With a consumer reach point
Answer key-3 (CRP) score of 7,980 million,
Solution: Parle continues to sit at the
In what could come as a piece of good news, top of the pack, followed by
hunger in India — as measured by the Britannia, Amul, Clinic Plus
Prevalence of Undernourishment (PoU) by and Tata Consumer Products,
the United Nation’s Food and Agriculture Kantar's 2024 report said.
Organisation (FAO) — has come down from
15. The draft guidelines for streamlining the onboarding
16.6 per cent of the population in the 2020-
and monitoring of AePS operators to counter frauds
2022 to 13.7 per cent in 2021-23, the latest perpetuated through the ecosystem, were released
report on the State of Food Security and recently. Consider the following statements.
Nutrition in the World (SOFI 2024) showed. A. AePS stands for Aadhaar Enabled
This means that around 39.3 million people Payment System.
have come out of undernourishment between B. RBI and the National Payments
the two periods. Corporation of India (NPCI) are required
to comply with these directions within
14. Parle continues to be the most-favoured FMCG brand three months from the date of issue of the
in a recent analysis by market research firm Kantar. guidelines.
Consider the following statements.

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C. Acquiring banks, which onboard A. Crisis Response Network, Labour Rights
AePStouchpoint operators, will be Advisory Board, Supply Chain Council are
required to carry out due diligence in the the 3 supply chain bodies.
form of Know Your Customer (KYC) B. India has been elected as Vice Chair of the
guidelines for all the operators they take Supply Chain Council.
onboard. C. Korea was elected as Chair and Japan as
Vice Chair of the Crisis Response Network
Incorrect? Which of the above statements is/are
(1) A,B Incorrect?
(2) B,C (1) A,B
(3) A,B,C (2) B,C
(4) A,C (3) A,B,C
(5) B only (4) A,C
(5) None of the above
Answer key-5
Solution: Answer key-5
The Reserve Bank of India (RBI) released Solution:
draft guidelines for streamlining the India has been elected as Vice Chair of the
onboarding and monitoring of Aadhaar Supply Chain Council. The Ministry of
Enabled Payment System (AePS) operators to Commerce and Industry termed it a
counter frauds perpetuated through the significant milestone for the country. The
ecosystem. Ministry said that India and 13 other Indo-
Banks and the National Payments Pacific Economic Framework (IPEF) partners
Corporation of India (NPCI) are required to have established three supply chain bodies
comply with these directions within three under the landmark Indo-Pacific Economic
months from the date of issue of the Framework for Prosperity Agreement
guidelines. relating to supply chain resilience.
Since these are draft guidelines, the final date The Ministry said that the USA has been
of issue of these directions is undefined. elected as Chair of the Supply Chain Council.
Acquiring banks, which onboard It added that Korea was elected as Chair and
AePStouchpoint operators, will be required to Japan as Vice Chair of the Crisis Response
carry out due diligence in the form of Know Network, while for the Labour Rights
Your Customer (KYC) guidelines for all the Advisory Board, the USA is Chair and Vice
operators they take onboard. Chair is from Fiji.
India and 13 other Indo-Pacific Economic
Framework (IPEF) partners have established .
three supply chain bodies under the State run banks have charged depositors
landmark Indo-Pacific Economic Framework ₹2,331 crore penalty for non-maintenance
for Prosperity Agreement relating to supply quarterly or monthly average balance in
chain resilience. Consider the following FY24. Consider the following statements.
statements. Among lenders, Punjab National Bank
charged the highest sum of Rs 633 crore
The finance ministry stated that availability of
banking outlets is monitored by a Geographic

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Information System (GIS) based App., namely, The day was first established in 2010 at the
Jan DhanDarshak (JDD) App. Saint Petersburg Tiger Summit.
Bank of Baroda charged Rs 369 crore as Which of the above statements is/are
penalty for non-maintenance of average correct?
monthly balance. A,B
Which of the above statements is/are B,C
Incorrect? A,B,C
A,B C only
B,C None of the above
A,B,C Answer key-3
C only Solution:
None of the above International Tiger
Answer key-4 Day 2024, also called
Solution: as the Global Tiger Day
Among lenders, Punjab National Bank 2024, is observed
charged the highest sum of Rs 633 crore every year on July 29
followed by Bank of Baroda at Rs 386 crore to raise awareness about the magnificent but
for non-maintenance quarterly balance. endangered animal. The day is a reminder of
Indian Bank charged Rs 369 crore as penalty the collective effort of 13 tiger range
for non-maintenance of average monthly countries which came together to create TX2-
balance. the global goal to double the wild tigers'
The finance ministry stated that availability of population in 2022.
banking outlets is monitored by a Geographic The day was first established in 2010 at the
Information System (GIS) based App., namely, Saint Petersburg Tiger Summit.
Jan DhanDarshak (JDD) App and out of the
6,01,328 inhabited villages mapped on this
App, 6,00,458 villages (99.85%) are covered Public sector banks have reported over three-
with banking outlets within a radius of 5 kms. fold jump in compensation towards frauds or
e-frauds reported by their customers to Rs
140 cr during 2023-24. Consider the
International Tiger Day 2024, also called as following statements.
the Global Tiger Day 2024, is observed every The amount of compensation paid by these
year in July to raise awareness about the banks stood at Rs 42.70 crore in the previous
magnificent but endangered animal. Consider fiscal.
the following statements. State Bank of India paid the highest
International Tiger Day 2024, also called as compensation of Rs 74.96 crore followed by
the Global Tiger Day 2024, is observed every Bank of India at Rs 20.38 crore and Indian
year on July 28 Bank at Rs 16.16 crore during FY24
The day is a reminder of the collective effort In FY23, Union Bank of India was the
of 13 tiger range countries which came highest compensation payer at Rs 12.18 crore
together to create TX2- the global goal to followed by Central Bank of India at Rs 11.68
double the wild tigers' population in 2022. crore.

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Which of the above statements is/are (2) A,C
Correct? (3) A,B,C
(1) A,B (4) B,C
(2) A,C (5) None of the above
(3) A,B,C
(4) B,C Answer key-5
(5) C only Solution: The Ministry of Coal, in
collaboration with the Ministry of Power &
Answer key-2 Natural Gas, has facilitated a landmark joint
Solution: Public sector banks have reported venture agreement between two leading
over three-fold jump in compensation Maharatna CPSEs, Coal India Limited (CIL)
towards frauds or e-frauds reported by their and GAIL (India) Limited (GAIL). This
customers to Rs 140 cr during 2023-24. agreement marks a major step towards
The amount of compensation paid by these setting of a Coal to Synthetic Natural Gas
banks stood at Rs 42.70 cr in the previous (SNG) plant using surface coal gasification
fiscal. (SCG) technology.
Union Bank of India paid the highest The plant to come up in Raniganj area of
compensation of Rs 74.96 cr followed by Eastern Coalfields Limited, West Bengal is
Bank of India at Rs 20.38 cr and Indian Bank planned to produce 80000 Nm3 per hour of
at Rs 16.16 cr during FY24. Synthetic Natural Gas (SNG). The annual
In FY23, Union Bank of India was again the production is slated at 633.6 Million Nm3 per
highest compensation payer at Rs 12.18 cr hour which will require 1.9 million tonnes
followed by Central Bank of India at Rs 11.68 (mts) of coal. The coal will be supplied by CIL.
cr. The synergy and partnership of the two
corporate giants is a big step towards
The Ministry of Coal and Ministry of Power & National Coal Gasification Mission which
Natural Gas have facilitated a joint venture facilitates utilization of chemical properties of
between Coal India Limited (CIL) and GAIL coal.
(India) Limited to establish a Coal to
Synthetic Natural Gas (SNG) plant. Consider The Reserve Bank of India (RBI) cancelled the
the following statements. licenses of 78 Urban Cooperative Banks
The plant to come up in Raniganjarea of (UCBs) since calendar year 2014, of which 46
Eastern Coalfields Limited, West Bengalis percent are from Maharashtra. Consider the
planned to produce 80000 Nm3 per hour of following statements.
Synthetic Natural Gas (SNG). The primary reasons for these cancellations
The annual production is slated at 633.6 include inadequate capital, poor earning
Million Nm3per hour which will require 1.9 prospects, and deteriorating financial
million tonnes (mts) of coal. positions.
Synthetic Natural Gas (SNG) is a fuel gas In the first half of 2024 alone, the RBI has
predominantly consisting of methane. cancelled the licenses of 10 UCBs.
Which of the above statements is/are Following Maharashtra, Uttar Pradesh and
Incorrect? Karnataka saw the cancellation of licenses for
(1) A,B 14 and 8 banks, respectively.

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This comes after India successfully exported
Which of the above statements is/are its first commercial cargo of GI-tagged
correct? Purandar figs to Hong Kong in February 2023.
(1) A,B correct?
(2) A,C (1) A,B
(3) A,B,C (2) A,C
(4) B,C (3) A,B,C
(5) None of the above (4) B,C
(5) None of the above
Answer key-3
The Reserve Bank of India (RBI) has cancelled Solution: Purandar Highlands Farmers
the licenses of 78 Urban Cooperative Banks Producer Company Ltd has made a big
(UCBs) since calendar year 2014, of which 46 achievement by exporting India's first GI-
percent are from Maharashtra. tagged fig juice to Poland. This comes after
Inadequate capital, poor earning prospects, India successfully exported its first
deteriorating financial position, and the commercial cargo of GI-tagged Purandar figs
continuation of operations being prejudicial to Hong Kong in February 2023.
to the interests of depositors and the public at This fig juice received accolades at SIAL 2023
large. and Macfrut Italy and the Agricultural and
In 2024 alone (till July), licenses of 10 UCBs Processed Food Products Export
were cancelled of which two each are in Development Authority (Apeda) has
Maharashtra, Karnataka and Uttar Pradesh, facilitated the export.
while one each is from Gujarat, Rajasthan, Export partner Scion Agricos Pvt Ltd is
Assam and Andhra Pradesh. In 2023, licenses helping Purandar Highlands’ juice entry into
of 14 UCBs and in 2022 licenses of 12 UCBs global markets.
were cancelled.
Award-winning fig juice, made from GI- Tech giant Microsoft regained the top spot in
tagged Purandar Figs is set for export to the list of best employers to work for in India
Poland. This marks the first time Indian fig in 2024, according to a Randstad Employer
juice will reach the European market. Brand Research report. Consider the
Consider the following statements. following statements.
This fig juice received accolades at SIAL 2023 It was followed by Tata Consultancy Services
and Macfrut Italy and the Agricultural and (TCS) and Samsung India.
Processed Food Products Export Microsoft had topped the list in 2022, but
Development Authority (Apeda) has slipped to fifth in 2023.
facilitated the export. Tata Power Company, which was the top
Export partner Scion Agricos Pvt Ltd is brand last year, slipped to fourth rank this
helping Purandar Highlands’ juice entry into year.
global markets. Which of the above statements is/are
Incorrect?

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(1) A,B (2) A,C
(2) A,C (3) A,B,C
(3) A,B,C (4) B,C
(4) B,C (5) A only
(5) A only
Answer key-1
Answer key-5
Solution:
Solution: The Indian men’s hockey team came from a
goal down to beat Spain 2-1 and win the
bronze medal at the Paris 2024 Olympics and
gave a befitting farewell to veteran
goalkeeper PR Sreejesh who played his last
International match.
India won successive medals in hockey for
the first time since Munich 1972, played 52
years ago.
Netherlands clinched the gold medal beating
Germany.
The Reserve Bank of India-led Monetary

Policy Committee (MPC) in August 2024
decided to keep the repurchase rate (repo
rate) unchanged for the ninth time in a row.
The Monetary Policy Committee (MPC) of the
Reserve Bank of India (RBI) maintained a
status quo on policy rates, keeping the
Image source: https://www.business-
benchmark repo rate unchanged at 6.5 per
standard.com/
cent.
The standing deposit facility (SDF) rate
The Indian men’s hockey team came from a
remains at 6.25 per cent, and the marginal
goal down to win the bronze medal at the
standing facility (MSF) rate and the bank rate
Paris 2024 Olympics. Consider the following
stay at 6.25 per cent.
statements.
RBI retained its real GDP growth forecast for
The Indian men’s hockey team beat Spain 2-1.
FY25 to 7.2 per cent, with Q1 at 7.1 per cent,
India won successive medals in hockey for
slightly down from the earlier projection of
the first time since Munich 1972, played 52
7.3 per cent.
years ago.
Germany clinched the gold medal beating
Netherlands.
correct?
(1) A,B
correct?
(2) A,C
(1) A,B
(3) A,B,C

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(4) B,C Solution:
(5) A only India's installed renewable energy capacity
has increased by 165 per cent over the past
Answer key-2 decade, rising from 76.38 Gigawatts (GW) in
2014 to 203.1 GW in 2024, Union Minister
Solution: Pralhad Joshi said.
The Monetary Policy Committee (MPC) of the India has achieved 4th position globally in RE
Reserve Bank of India (RBI) maintained a Installed Capacity. We stood 4th in Wind
status quo on policy rates, keeping the Power capacity and 5th in Solar PV capacity.
benchmark repo rate unchanged at 6.5 per "For the first time, we have crossed 200 GW
cent. capacity from non-fossil fuel sources, that
The standing deposit facility (SDF) rate include 85.47 GW of solar power and 46.93
remains at 6.25 per cent, and the marginal GW of large hydro 46.66 GW of wind power,
standing facility (MSF) rate and the bank rate 10.95 GW of biopower, and 5.00 GW of small
stay at 6.75 per cent. hydropower,".
RBI retained its real GDP growth forecast for
FY25 to 7.2 per cent, with Q1 at 7.1 per cent, The Reserve Bank of India (RBI) recently
slightly down from the earlier projection of mandated the frequency of credit information
7.3 per cent. reporting to fortnightly basis as a measure to
boost transparency in the system. Consider
India's installed renewable energy capacity the following statements.
has increased by 165 per cent over the past Currently, credit institutions (CIs) are
decade, Union Minister Pralhad Joshi said required to report the credit information of
recently. Consider the following statements. their borrowers to credit information
It rose from 76.38 Gigawatts (GW) in 2014 to companies (CICs) at monthly or such shorter
203.1 GW in 2024. intervals as mutually agreed between the CI
India has achieved 4th position globally in RE and CICs.
Installed Capacity. This will be effective from April 1, 2025.
For the first time, India crossed 200 GW The RBI notification said the fortnightly
capacity from non-fossil fuel sources, that submission of credit information by CIs to
include 85.47 GW of solar power and 46.93 CICs should be ensured within 7 calendar
GW of large hydro 46.66 GW of wind power, days of the relevant reporting fortnight.
10.95 GW of biopower, and 5.00 GW of small Which of the above statements is/are
hydropower. correct?
(1) A,B
Which of the above statements is/are (2) A,C
correct? (3) A,B,C
(1) A,B (4) B,C
(2) A,C (5) A only
(3) A,B,C Answer key-2
(4) B,C Solution:
(5) A only The Reserve Bank of India (RBI) mandated
Answer key-3 the frequency of credit information reporting

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to fortnightly basis as a measure to boost (2) A,C
transparency in the system. This will be (3) A,B,C
effective from January 1, 2025, the banking (4) B,C
regulator said in notification. (5) A only
Currently, credit institutions (CIs) are Answer key-3
required to report the credit information of Solution:
their borrowers to credit information For the first time, cross-border UPI payments
companies (CICs) at monthly or such shorter in Nepal have surpassed 1,00,000 person-to-
intervals as mutually agreed between the CI merchant (P2M) transactions in less than six
and CICs. months since the launch in the South Asian
The RBI notification said the fortnightly country.
submission of credit information by CIs to In March, NPCI Payments Limited (NIPL), the
CICs should be ensured within 7 calendar international arm of the National Payments
days of the relevant reporting fortnight. RBI Corporation of India (NPCI), partnered with
also said that CICs must provide a list of Nepalese payments network FonePay to
lenders which are not adhering to the enable QR-code-based person-to-merchant
fortnightly data submission timelines to RBI’s (P2M) UPI transactions between Nepal and
Department of Supervision at half yearly India.
intervals. NIPL has collaborated with Nepal SBI Bank
Limited (NSBL) to operationalise RuPay cards
in Nepal.
For the first time, cross-border UPI payments
in Nepal have surpassed 1,00,000 person-to- Setu in partnership with Axis Bank, launched
merchant (P2M) transactions in less than six UPISetu, India’s only UPI-focused payments
months since the launch. Consider the platform for businesses and developers.
following statements. Consider the following statements.
In March, NPCI Payments Limited (NIPL), the Setu is a Pine Labs company.
international arm of the National Payments NPCI’s UPI has seen a meteoric rise in India
Corporation of India (NPCI), partnered with with Person-to-Merchant (P2M) transactions
Nepalese payments network FonePay to alone witnessing a phenomenal rise of 241%
enable QR-code-based person-to-merchant from 2.56 billion transactions in June 2022 to
(P2M) UPI transactions between Nepal and 8.72 billion transactions in June 2024.
India. UPISetu supports a wide range of UPI
Under the arrangement, Indian users in Nepal products, from basic QR code payments to
can make instant UPI payments across stores other popular collection modes like UPI
in Nepal using UPI-enabled applications. Autopay, EMI, and Third-Party Validation or
NIPL has collaborated with Nepal SBI Bank TPV service.
Limited (NSBL) to operationalise RuPay cards
in Nepal. Which of the above statements is/are
Incorrect?
Which of the above statements is/are (1) A,B
correct? (2) A,C
(1) A,B (3) A,B,C

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(4) B,C Answer key-5
(5) None of the above Solution:
Answer key-5 All 3 statements are correct.
Solution: The Reserve Bank of India has extended the
All 3 statements are correct. Modified Interest Subvention Scheme (MISS)
Setu, a Pine Labs company, in partnership for short-term loans fir agriculture and allied
with Axis Bank, today launched UPISetu, activities availed through Kisan Credit Card
India’s only UPI-focused payments platform this financial year. This means farmers can
for businesses and developers. now avail of loans up to Rs 3 lakh at
NPCI’s UPI has seen a meteoric rise in India concessional interest rates. Under the
with Person-to-Merchant (P2M) transactions scheme, farmers will get loans at a
alone witnessing a phenomenal rise of 241% concessional interest rate of 7%. An
from 2.56 billion transactions in June 2022 to additional interest subvention of 3% per
8.72 billion transactions in June 2024.1 annum is provided to farmers who repay
Overall, UPI transactions growth stands at an loans on time.
impressive 137% over the last 2 years The RBI added the rate of interest subvention
(June’22 vs. June’24) as per NPCI data.2 UPI's to lending institutions will be 1. 5% for 2024-
speed, ease of use, and an impressive uptime 25.
of 100% (February-June 2024)3 are all key
factors that have contributed to this massive The Union Cabinet, chaired by the Prime
consumer-led growth. Minister Shri Narendra Modi, recently
approved the proposal of the Department of
Rural Development for “Implementation of
The Reserve Bank of India recently extended the Pradhan Mantri Awaas Yojana – Gramin
the MISS for short-term loans fir agriculture (PMAY-G) during FY 2024-25 to 2028-29.
and allied activities availed through Kisan Consider the following statements.
Credit Card this financial year. Consider the Financial assistance would be provided for
following statements. the construction of two crore more houses at
MISS stands for Modified Interest Subvention existing unit assistance of Rs.1.20 lakh in
Scheme. plain areas and Rs.1.30 lakh in North Eastern
Under the scheme, farmers will have the Region States and Hill States of Himachal
opportunity to obtain loans at a reduced Pradesh, Uttarakhand, Union Territories of
interest rate of 7%. Jammu & Kashmir and Ladakh.
The RBI added the rate of interest subvention Total outlay would be of Rs.3,06,137 crore for
to lending institutions will be 1. 5% for 2024- FY 2024-25 to 2028-29 including Central
25. Share of Rs.2,05,856 crore and State Matching
Which of the above statements is/are Share of Rs.1,00,281 crore.
Incorrect? The Scheme would continue beyond March,
(1) A,B 2026 after evaluation of the PMAY-G by the
(2) A,C NITI Aayog and re-appraisal of the scheme by
(3) A,B,C EFC.
(4) B,C Which of the above statements is/are
(5) None of the above correct?

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(1) A,B connectivity to six aspirational districts (East
(2) A,C Singhbum, BhadadriKothagudem, Malkangiri,
(3) A,B,C Kalahandi, Nabarangpur, Rayagada), approx.
(4) B,C 510 villages and about 40 lakh population.
(5) None of the above Which of the above statements is/are
Answer key-3 correct?
Solution: The Union Cabinet, chaired by the (1) A,B
Prime Minister Shri Narendra Modi, approved (2) A,C
the proposal of the Department of Rural (3) A,B,C
Development for “Implementation of the (4) B,C
Pradhan Mantri Awaas Yojana – Gramin (5) None of the above
(PMAY-G) during FY 2024-25 to 2028-29” Answer key-3
wherein financial assistance is to be provided Solution:
for the construction of two crore more houses The Union Cabinet approved eight new line
at existing unit assistance of Rs.1.20 lakh in projects for the Railways in a bid to improve
plain areas and Rs.1.30 lakh in North Eastern connectivity, facilitate ease of travelling,
Region States and Hill States of Himachal minimise logistics costs, and others. In a
Pradesh, Uttarakhand, Union Territories of statement issued, the Cabinet said the total
Jammu & Kashmir and Ladakh. estimated cost of the projects is Rs 24,657
Total outlay would be of Rs.3,06,137 crore for crore (approx.) and will be completed by
FY 2024-25 to 2028-29 including Central 2030-31.
Share of Rs.2,05,856 crore and State Matching The 8 projects will cover 14 districts in seven
Share of Rs.1,00,281 crore. states -- Odisha, Maharashtra, Andhra
The Scheme would continue beyond March, Pradesh, Jharkhand, Bihar, Telangana and
2026 after evaluation of the PMAY-G by the West Bengal and will increase the existing
NITI Aayog and re-appraisal of the scheme by network of Indian Railways by 900 km.
EFC. With these projects 64 new stations will be
constructed, providing enhancing
The Union Cabinet approved eight new line connectivity to six aspirational districts (East
projects for the Railways in a bid to improve Singhbum, BhadadriKothagudem, Malkangiri,
connectivity, facilitate ease of travelling, Kalahandi, Nabarangpur, Rayagada), approx.
minimise logistics costs, and others. Consider 510 villages and about 40 lakh population.
the following statements.
The Cabinet said the total estimated cost of Who among the following has been appointed
the projects is Rs 24,657 crore (approx.) and Chairman & Managing Director of NHPC
will be completed by 2030-31. Limited?
The 8 projects will cover 14 districts in seven Raj Kumar Chaudhary
states -- Odisha, Maharashtra, Andhra Ramesh Verma
Pradesh, Jharkhand, Bihar, Telangana and Ajeet Kumar Dubey
West Bengal and will increase the existing Ramesh Venkatesh
network of Indian Railways by 900 km. None of these
With these projects 64 new stations will be Answer key-1
constructed, providing enhancing Solution:

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Raj Kumar Chaudhary assumed the role of Solution:
Chairman and Managing Director at NHPC Shri Kiren Rijiju, Union Minister of Minority
Limited, India’s leading hydropower company Affairs launched the Jiyo Parsi scheme Portal.
and a Schedule ‘A’ enterprise of the The Minister opined that Government’s
Government of India, effective August 7, intervention in the form of this specific
2024. Previously, Shri Chaudhary served as scheme is expected to bear more fruits for the
Director (Technical) at NHPC. community in future. He requested the
eligible Parsi couples to avail the benefits of
Rana Ashutosh Kumar Singh recently took the scheme and build a strong community
over as the managing director in charge of and help the Government in building a
State Bank of India’s (SBI) risk compliance stronger nation.
and stressed assets resolution group (SARG)
departments. Who among the following is The Maharashtra government declared the
NOT one of the MDs in SBI? geoglyphs and petroglyphs in Ratnagiri as
Ashwini Kumar Tewari ‘protected monuments’ under the
Vinay M Tonse Maharashtra Ancient Monuments and
C.S. Setty Archaeological Sites and Remains Act,
Both 1 & 2 ____________.
Both 2 & 3 1956
Answer key-3 1960
Solution: 1954
C.S. Setty is the current Chairperson of SBI. 1952
Rana Ashutosh Kumar Singh has assumed the 1950
role of managing director in charge of the risk Answer key- 2
compliance and stressed assets resolution Solution:
group (SARG) departments at the State Bank The Maharashtra government declared the
of India. geoglyphs and petroglyphs in Ratnagiri as
Gajendra Singh Rana, the former chief general ‘protected monuments’ under the
manager of the Mumbai circle, has succeeded Maharashtra Ancient Monuments and
Singh as the nation’s largest lender’s deputy Archaeological Sites and Remains Act, 1960.
managing director (DMD) retail and real The group of petroglyphs at Deud, Ratnagiri,
estate. dates back to the Mesolithic era (roughly
20,000-10,000 years ago).
Union Minister of Minority Affairs recently Geoglyphs and petroglyphs are different
launched the Jiyo Parsi scheme Portal. Who is types of ancient art forms. They involve the
the current Union Minister of Minority creation of images or designs on the earth’s
Affairs? surface or rock surfaces.
Shivraj Singh Chouhan
Jitan Ram Manjhi The first-ever Global Women’s Kabaddi
Sarbananda Sonowal League will commence next month in
Pralhad Joshi Haryana. It has been officially named the
Kiren Rijiju ___________.
Answer key-5 Global Women’s Kabaddi League

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Global Pravasi Women’s Kabaddi League Which state government has announced a 20
Local Pravasi Women’s Kabaddi League per cent increase in the honorarium for
Local Women’s Kabaddi League elected public representatives of all urban
Global Pravasi Women’s Kabaddi Legends bodies?
Answer key-2 Bihar
Solution: Uttarakhand
The first-ever Global Women’s Kabaddi Uttar Pradesh
League will commence next month in Madhya Pradesh
Haryana. Officially named the Global Pravasi None of these
Women’s Kabaddi League (GPKL), this Answer key-4
groundbreaking tournament will feature Solution:
female athletes from over 15 countries. The The Madhya Pradesh government has
event represents a significant advancement in announced a 20 per cent increase in the
promoting Kabaddi internationally, honorarium for elected public
supporting efforts to include the sport in the representatives of all urban bodies. Chief
Olympic Games, and bolstering India’s bid to Minister Dr Mohan Yadav said that starting
host the 2036 Olympics. next month, all mayors, chairpersons, vice-
chairpersons, and councillors will benefit
World Organ Donation Day 2024 was from this increase. He was addressing the
observed on_____________, this day is dedicated Devi Ahilyabai Holkar Women Public
to raising awareness about the critical need Representatives Conference in Bhopal.
for organ donors and promote donor
registration. Bharti Enterprises, led by billionaire Sunil
August 12 Bharti Mittal, will buy a ___________stake in
August 13 British Telecom Group Plc, the UK's largest
August 11 mobile and broadband services provider.
August 10 21.5%
None of these 3.5%
Answer key-2 24.5%
Solution: 84.5%
World Organ Donation Day 2024 is observed 94.5%
on August 13, 2024, the day is dedicated to Answer key-3
raising awareness about the critical need for Solution:
organ donors and promote donor Bharti Televentures UK Ltd, a wholly owned
registration. subsidiary of Bharti Enterprises’s
Celebrated annually across the globe, it international investment arm Bharti Global,
honours the selfless contributions of donors will buy the equity from telecom services
and their families, as UNOS states, about provider Altice UK, which has a 24.5% stake
1,03,993 people need a lifesaving organ in BT. Bharti Televentures will buy 9.99% of
transplant, yet the number of available BT from Altice immediately, and the
donors falls drastically short, leading to a remaining 14.51% after receiving regulatory
critical gap between supply and demand. clearances.

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As per a recent newspaper reports, For any National Highways and Infrastructure
natural gas that ONGC produces from new Development Corporation
wells, the government has allowed a __________ Uttar Pradesh Metro Rail Corporation
premium over the regulated or APM price. National Capital Region Transport
10 percent Corporation
20 percent National Highways Logistics Management
40 percent Company
50 percent Answer key-4
None of these Solution:
Answer key-2 Indian Railways and the National Capital
Solution: Region Transport Corporation (NCRTC) have
For any natural gas that ONGC produces from joined forces to advance the ‘One India – One
new wells, the government has allowed a Ticket’ initiative, aimed at enhancing the
20% premium over the regulated or APM passenger experience for those traveling on
price, the firm announced. The majority of mainline railways and Namo Bharat trains.
natural gas produced domestically is According to a statement released, this
currently controlled by two price regimes. partnership seeks to streamline travel by
Natural gas is used to make electricity, allowing passengers to book and travel
fertilizer, CNG for automobiles, and is piped seamlessly using both Indian Railways and
to homes for cooking. RRTS services.
The price of gas extracted from fields that are After purchasing an IRCTC train e-ticket,
left over or that are nominated to the state- users can now also book Namo Bharat train
owned Oil and Natural Gas Corporation tickets for up to eight travellers in a single
(ONGC) and Oil India Ltd is set at 10% of the transaction. The option to book RRTS tickets
current price of crude oil that India will be available on the PNR confirmation
purchases. page and through the user’s booking history.
This price is known as the regulated or APM
price. It is subject to a cap price of USD 6.5 The Indian Navy is on the verge of
per million British thermal units. Therefore, commissioning its second nuclear-powered
the APM price for gas produced from ONGC’s ballistic missile submarine (SSBN), the INS
Mumbai High and Bassein fields in the Arighat. Which was the first nuclear-powered
western offshore should be USD 7.7 per ballistic missile submarine (SSBN) inducted
mmBtu at the current Indian basket price of by India in 2016?
USD 77 per barrel; but, it is only paid the USD INS Airavat
6.5 cap price. INS Vikrant
INS Jalpaiguri
Indian Railways and which of the following in INS Arihant
August 2024 joined forces to advance the None of these
‘One India – One Ticket’ initiative, aimed at Answer key-4
enhancing the passenger experience for those Solution:
traveling on mainline railways and Namo The INS Arighat, India's second indigenously
Bharat trains? built SSBN, is currently in the final stages of
Delhi Metro Rail Corporation (DMRC) trials and upgrades as required by the Indian

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Navy. According to sources, the submarine is Microfinance Ltd are the wholly-owned
expected to be officially commissioned into subsidiaries of which of the following banks?
service within the next two months. Once HDFC Bank
commissioned, INS Arighat will join INS Kotak Mahindra Bank
Arihant, which was inducted into the Navy in Yes Bank
2016, as part of India's growing fleet of RBL Banks
nuclear submarines. IDFC First Bank
Answer key-2
Punjab National Bank (PNB) in August 2024 Solution:
launched a new debit card specifically Kotak Mahindra Bank said Sonata Finance
designed for visually impaired customers. Private Ltd and BSS Microfinance Ltd, both
This contactless NCMC (National Common wholly-owned subsidiaries of the bank, at
Mobility Card) Debit Card, called the PNB their respective board meetings have
ANTAH DRISHTI Braille Debit Card, is approved a scheme of amalgamation.
available on RuPay network. Contactless As per the scheme of amalgamation approved
transactions Individual transaction up to on Monday, Sonata would merge with BSS
_______ are allowed without PIN at NFC Microfinance Ltd on a going concern basis,
enabled POS Terminals with Rs 5,000 as daily Kotak Mahindra Bank said in a regulatory
overall limit. filing.
2,000 India’s largest non-banking finance company
1,000 (NBFC) by market value is planning to
3,000 borrow up to $500 million offshore, to seek
5,000 global funds after stricter regulations limited
4,000 domestic options. Which is this above
Answer key-4 mentioned NBFC?
Solution: Tata Capital
Eligibility Visually impaired individuals with Larson & Toubro Finance
savings or current accounts in PNB are Mahindra & Mahindra Financial Services
eligible to obtain this debit card from any of Muthoot Finance Ltd
the nearest PNB branch. Bajaj Finance
ATM Limit (Cash Withdrawal) per day – Rs Answer key-5
25,000 Solution:
PoS / eCom Limits (Combined) per day – Rs India’s largest non-banking finance company
60,000 by market value is planning to borrow up to
Contactless transactions Individual $500 million offshore, people familiar with
transaction up to Rs 5,000 allowed without the matter said, the latest shadow financier to
PIN at NFC enabled POS Terminals with Rs seek global funds after stricter regulations
5,000 as daily overall limit. limited domestic options.
Bajaj Finance Ltd. is negotiating the terms of
As per the scheme of amalgamation approved the facility with a group of at least four
recently, Sonata would merge with BSS foreign banks, said the people, who asked not
Microfinance Ltd on a going concern basis. to be identified because the discussions are
Sonata Finance Private Ltd and BSS private. The debt’s tenor may range from

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three to five years, with the pricing linked to - a 160% increase in cases compared with the
the Secured Overnight Financing Rate — a same period in 2023, while deaths have
common benchmark for deals in Asia. jumped by around 19%. Mpox outbreak has
been declared public health emergency in
The Reserve Bank of India (RBI) recently which of the following continents?
announced new regulations for non-banking Asia
financial companies (NBFCs) regarding Africa
deposit withdrawals. Starting___________, South America
NBFCs will be required to return the full Australia
deposit amount to depositors within the first None of these
three months if they request a withdrawal Answer key-2
due to an emergency. However, such Solution:
premature withdrawals will not accrue any Scientists from the Africa Centres for Disease
interest. Control and Prevention (Africa CDC) have
January 1, 2025 expressed alarm at the speed by which a new
March 31, 2025 strain of the disease has been spreading.
April 1, 2025 Mpox, previously called monkeypox, has
July 1, 2025 spread from the Democratic Republic of
November 1, 2024 Congo to neighbouring countries. A total of 18
Answer key-1 nations have reported cases.The public health
Solution: body said 96% of all cases and deaths were in
The Reserve Bank of India (RBI) announced DR Congo.
new regulations for non-banking financial
companies (NBFCs) regarding deposit The Badminton World Federation (BWF) has
withdrawals. Starting January 1, 2025, NBFCs announced that India's Tokyo 2020
will be required to return the full deposit Paralympic gold medal winner __________has
amount to depositors within the first three been suspended for a period of 18 months for
months if they request a withdrawal due to breaching the anti-doping regulations.
an emergency. However, such premature Pramod Bhagat
withdrawals will not accrue any interest. Manoj Sarkar
In case a depositor wishes to withdraw for Suhas Yathiraj
any other reason, the NBFCs can pay 50 Nitesh Kumar
percent of the deposit without paying any None of these
interest. It added that not more than 50 per Answer key-1
cent of the principal sum or 5 lakh rupees, Solution:
whichever is lower, may be prematurely paid. The Badminton World Federation (BWF) has
RBI has further asked NBFCs to intimate announced that India's Tokyo 2020
depositors about a maturity 14 days ahead as Paralympic gold medal winner Pramod
against the present regulations stipulating it Bhagat has been suspended for a period of 18
at two months. months for breaching the anti-doping
regulations. As a result of the suspension,
More than 15,000 mpox cases and 461 deaths Pramod will miss the Paris 2024 Paralympic
have been reported on the continent this year Games.

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months since the launch in the South Asian
country.
Which state recently declared to develop In March, NPCI Payments Limited (NIPL), the
‘Guru Ghasidas-TamorPingla Tiger Reserve’ international arm of the National Payments
spanning to a huge 2829.387 square Corporation of India (NPCI), partnered with
kilometres area? Nepalese payments network FonePay to
Bihar enable QR-code-based person-to-merchant
UP (P2M) UPI transactions between Nepal and
Jharkhand India.
Chhattisgarh
None of these Setu, a Pine Labs company, in partnership
Answer key-4 with which of the following banks, launched
Solution: UPISetu, India’s only UPI-focused payments
The Guru Ghasidas-Tamor Pingla Tiger platform for businesses and developers?
Reserve in Chhattisgarh will span 2,829.387 Axis Bank
sq.km. Yes Bank
HDFC Bank
The Chhattisgarh government announced RBL Bank
that it would establish a new tiger reserve, State Bank of India
making it the fourth such reserve in the Answer key-1
forest-rich State. Solution:
Setu, a Pine Labs company, in partnership
The decision was taken at a Cabinet meeting, with Axis Bank, launched UPISetu, India’s
clearing the decks for a project for which the only UPI-focused payments platform for
National Tiger Conservation Authority businesses and developers.
(NTCA) had given its in-principle approval a
decade ago. NPCI’s UPI has seen a meteoric rise in India
with Person-to-Merchant (P2M) transactions
For the first time, cross-border UPI payments alone witnessing a phenomenal rise of 241%
in ________have surpassed 1,00,000 person-to- from 2.56 billion transactions in June 2022 to
merchant (P2M) transactions in less than six 8.72 billion transactions in June 2024.1
months since the launch in the South Asian Overall, UPI transactions growth stands at an
country. impressive 137% over the last 2 years
Bangladesh (June’22 vs. June’24) as per NPCI data.2 UPI's
Bhutan speed, ease of use, and an impressive uptime
Nepal of 100% (February-June 2024)3 are all key
Sri Lanka factors that have contributed to this massive
Afghanistan consumer-led growth.
Answer key-3
Soltion: The unique registered investor base on the
For the first time, cross-border UPI payments National Stock Exchange (NSE) crossed the
in Nepal have surpassed 1,00,000 person-to- _____________-crore mark in August 2024.
merchant (P2M) transactions in less than six 5

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10
15 The Reserve Bank of India recently extended
20 the Modified Interest Subvention Scheme
50 (MISS) for short-term loans fir agriculture
Answer key-2 and allied activities availed through Kisan
Solution: Credit Card this financial year. This means
The unique registered investor base on the farmers can now avail of loans up to ________at
National Stock Exchange (NSE) crossed the concessional interest rates.
10-crore mark on August 8. The total number Rs 5 Lakh
of client codes (accounts) registered with the Rs 3 Lakh
exchange stands at 19 crore (includes all Rs 2 Lakh
client registrations done till date; clients can RS. 10 Lakh
register with more than one trading None of these
member). Answer key-2
Solution:
Which of the following in August 2024 The Reserve Bank of India has extended the
received the certificate of registration as a Modified Interest Subvention Scheme (MISS)
non-banking financial company (investment for short-term loans fir agriculture and allied
and credit company) from the Reserve Bank activities availed through Kisan Credit Card
of India? this financial year. This means farmers can
Mahindra Finance now avail of loans up to Rs 3 lakh at
Muthoot Finance concessional interest rates. Under the
Bajaj Finance scheme, farmers will get loans at a
Tata Capital concessional interest rate of 7%. An
L&T Finance additional interest subvention of 3% per
Answer key-5 annum is provided to farmers who repay
Solution: loans on time.
L&T Finance Ltd. received the certificate of
registration as a non-banking financial India’s Reserve Bank of India ranked _______
company (investment and credit company) around the world, in the richest global central
from the Reserve Bank of India on Tuesday. banks 2024 list. The Reserve Bank of India
The certificate of registration, dated Aug. 2, (RBI) balance sheet grew by 11.08% year on
will have no impact as the company continues year to Rs 70.47 trillion as of March 31, 2024,
to comply with the NBFC-ICC guidelines, its owing to its liquidity and foreign currency
exchange filing stated. The NBFC was earlier (forex) activities.
registered as an NBFC-Core Investment 8th
Company. 9th
However, after the company's merger with its 12th
wholly owned subsidiaries, L&T Finance, L&T 11th
Infra Credit Ltd. and L&T Mutual Fund 10th
Trustee Ltd., the company applied for None of these
conversion from an NBFC-CIC to an NBFC- Answer key-3
ICC. Solution:

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Notably, the Federal Reserve System of the
United States of America ranks as the world’s The Union Cabinet, chaired by Prime Minister
richest central bank, with assets worth $7.84 approved Pradhan Mantri Awas Yojana-
trillion, as per recent data by the Sovereign Urban (PMAY-U) 2.0 under which financial
Wealth Fund Institute. assistance will be provided to ______urban
India’s Reserve Bank of India ranks 12th poor and middle-class families through
around the world. The Reserve Bank of India States/Union Territories (UTs)/PLIs to
(RBI) balance sheet grew by 11.08% year on construct, purchase or rent a house at an
year to Rs 70.47 trillion as of March 31, 2024, affordable cost in urban areas in 5 years.
owing to its liquidity and foreign currency 2 crore
(forex) activities. 3 crore
Foreign exchange reserves, which include 1 crore
monetary gold, foreign currency holdings, 5 crore
Special Drawing Rights (SDRs), and reserve 4 core
positions in the International Monetary Fund Answer key-3
(IMF), are critical indicators of a central Solution:
bank’s financial health. The Union Cabinet, chaired by Hon’ble Prime
Minister Shri Narendra Modi, approved
With a whopping 117.2 million followers, Pradhan Mantri Awas Yojana-Urban (PMAY-
who among the following has toppled Taylor U) 2.0under which financial assistance will be
Swift to become the most-followed artist on provided to 1 crore urban poor and middle-
Spotify, the music-streaming platform? class families through States/Union
Ed Sheeran Territories (UTs)/PLIs to construct, purchase
Arijit Singh or rent a house at an affordable cost in urban
Ariana Grande areas in 5 years. The Government Assistance
Billie Eilish of ₹ 2.30 lakh crore will be provided under
None of these the Scheme.
Answer key-2
Solution: PMAY-U is one of the major flagship
Arijit Singh has toppled Taylor Swift to programmes being implemented by
become the most-followed artist on the Government of India to provide all-weather
music-streaming platform. With a whopping pucca houses to all eligible beneficiaries in
117.2 million followers, Singh snatched the the urban areas. Under PMAY-U, 1.18 crore
title from Swift with 21,000 more houses have been sanctioned while more
followers.Currently, Swift holds the second than 85.5 lakh houses have already been
position with 117.18 million followers, constructed and delivered to the
followed by Britain’s Ed Sheeran with 115.01 beneficiaries.
million followers. Other artists in the list are
Ariana Grande with 98 million followers and The Union Cabinet recently approved the
Billie Eilish with 96 million followers, Clean Plant Programme (CPP) proposed by
occupying fourth and fifth places, the ___________________.
respectively. Ministry of Finance
Ministry of Agriculture and Farmers Welfare

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Ministry of Commerce others. The total estimated cost of the
Ministry of Environment, Forest and Climate projects is ____________(approx.) and will be
Change completed by 2030-31.
Ministry of Information and Broadcasting Rs 24,657 crore
Answer key-2 Rs 14,657 crore
Solution: Rs 4,657 crore
The Union Cabinet, chaired by the Prime Rs 2,657 crore
Minister Shri Narendra Modi, approved the Rs 55,657 crore
Clean Plant Programme (CPP) proposed by Answer key-1
the Ministry of Agriculture and Farmers Solution:
Welfare. The Union Cabinet approved eight new line
projects for the Railways in a bid to improve
With a substantial investment of Rs.1,765.67 connectivity, facilitate ease of travelling,
crore, this pioneering initiative is set to minimise logistics costs, and others. In a
revolutionize the horticulture sector in India statement issued late on Friday, the Cabinet
and expected to set new standards for said the total estimated cost of the projects is
excellence and sustainability. Rs 24,657 crore (approx.) and will be
Key Benefits of the Clean Plant Programme completed by 2030-31.
(CPP): The 8 projects will cover 14 districts in seven
Farmers: The CPP will provide access to states -- Odisha, Maharashtra, Andhra
virus-free, high-quality planting material, Pradesh, Jharkhand, Bihar, Telangana and
leading to increased crop yields and West Bengal and will increase the existing
improved income opportunities. network of Indian Railways by 900 km.
Nurseries: Streamlined certification
processes and infrastructure support will Cabinet recently approved Amendment in
enable nurseries to efficiently propagate “Pradhan Mantri JI-VAN Yojana” for providing
clean planting material, fostering growth and financial support to Advanced Biofuel
sustainability. Projects using lignocellulosic biomass and
Consumers: The initiative will ensure that other renewable feedstock. The modified
consumers benefit from superior produce scheme extends timeline for implementation
that is free from viruses, enhancing the taste, of scheme by __________.
appearance, and nutritional value of fruits. 4 years
Exports: By producing higher-quality, 2 years
disease-free fruits, India will strengthen its 5 years
position as a leading global exporter, 7 years
expanding market opportunities and None of these
increasing its share in the international fruit Answer key-3
trade. Solution:
To keep pace with the latest developments in
The Union Cabinet in August 2024 approved the field of biofuels and to attract more
eight new line projects for the Railways in a investment, the Union Cabinet, chaired by the
bid to improve connectivity, facilitate ease of Prime Minister Shri Narendra Modi,
travelling, minimise logistics costs, and

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approved the modified Pradhan Mantri JI- Tamil Nadu
VAN Yojana. Odisha
Uttar Pradesh
The modified scheme extends timeline for None of these
implementation of scheme by Five (5) year Answer key-3
i.e. till 2028-29 and includes advanced Solutin:
biofuels produced from lignocellulosic Odisha Food Supplies and Consumer Welfare
feedstocks i.e. agricultural and forestry Minister Krushna Chandra Patra inaugurated
residues, industrial waste, synthesis (syn) India's first rice ATM in Bhubaneswar.
gas, algae etc. in its scope. “Bolt on” plants &
“Brownfield projects” would also now be The machine, which has been installed at a
eligible to leverage their experience and warehouse in Mancheswar, is designed to
improve their viability. streamline the distribution of Public
Distribution System (PDS) rice.
Which of the following has developed a Bullet The rice ATM allows ration cardholders to
Proof Jacket (BPJ) consisting of lightest Front dispense up to 25 kg of rice when they enter
Hard Armour Panel (FHAP). This jacket has their ration card number on a touchscreen
been developed in two configuration viz. In- display, followed by biometric authentication.
Conjunction-With (ICW) and Standalone with
different areal density of FHAP? The ___________government and UNICEF
Indian Army recently joined hands for promoting
DRDO involvement of fathers in encouraging new
HAL mothers to breastfeed their babies till six
Both 1 & 3 months of age.
Both 1 & 2 West Bengal
Answer key-2 Goa
Solution: Bihar
DRDO has developed the Bullet Proof Jacket Uttar Pradesh
(BPJ) consisting of lightest Front Hard Uttarakhand
Armour Panel (FHAP). This jacket has been Answer key-1
developed in two configuration viz. In- Solution:
Conjunction-With (ICW) and Standalone with The West Bengal government and UNICEF
different areal density of FHAP. The Bullet have joined hands for promoting involvement
Proof Jacket has been developed under DRDO of fathers in encouraging new mothers to
project. The process to transfer the developed breastfeed their babies till six months of
technology to Indian Industries has been age.According to the West Bengal Minister
initiated as per Transfer of Technology (ToT) incharge of Women and Child Development
Policy and procedure of DRDO for production. and Social Welfare Department, Dr Shashi
Panja, as part of the initiative, workers at
Which of the following states recently Anganwadis have begun to discuss the
inaugurated India's first rice ATM in its benefits of breastfeeding with fathers of the
capital city? newborn and other family members.
Goa

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The_______________ government recently On August 9, 1945, a U.S. B-29 bomber named
approved Logistics Policy 2024 proposing to Bockscar dropped an atomic bomb
set up more than 200 logistics parks, nicknamed “Fat Man” on Nagasaki. The bomb
complexes, and truck terminals with exploded above the city, instantly killing an
integrated facilities, which is expected to estimated 40,000 people.
generate approximately 5,00,000 new job
opportunities. Markets regulator SEBI recently gave its
Goa approval on the appointment of ____________as
Bihar MD & CEO of Multi Commodity Exchange of
Jammu & Kashmir India Limited (MCX).
Jharkhand Praveen RaJ
Maharashtra P S Reddy
Answer key-5 Praveena Rai
Solution: Dilip Asbe
The Maharashtra Cabinet, chaired by Chief None of these
Minister Eknath Shinde, approved the Answer key-3
Maharashtra Logistics Policy 2024, which Solution:
aims to generate around ₹30,573 crore in Markets regulator SEBI has given its
revenue over the next five years. Formulated approval on the appointment of Praveena Rai
based on recommendations from the State as MD & CEO of Multi Commodity Exchange of
Economic Advisory Council, this policy India Limited (MCX).
envisions substantial growth over the next The CEO’s position at MCX has remained
decade and is expected to create vacant since PS Reddy stepped down on May
approximately 5,00,000 direct and indirect 9.
jobs.
Tunisian President appointed whom as the
Nagasaki Day, observed annually new head of government?
on_______________, is a solemn occasion that Kais Saied
marks the devastating atomic bombing of Ahmed Hachani
Nagasaki, Japan, by the United States during Kamel Madouri
World War II in 1945. Najla Bouden
August 6 None of these
August 9 Answer key-3
August 10 Solution:
August 7 Tunisian President Kais Saied dismissed
None of these Prime Minister Ahmed Hachani on
Answer key-2 Wednesday evening and appointed Kamel
Solution: Madouri, the current Minister of Social
Nagasaki Day marks the solemn anniversary Affairs, as the new head of government.
of the atomic bombing of Nagasaki, Japan, on Hachani had served as Prime Minister since
August 9th, 1945, during World War II; so, it August 1, 2023; President Saied appointed
is observed annually on August 9th. him to the post after dismissing Najla Bouden
without official justification.

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Answer key- 5
Solution:
Which of the following government’s flagship Karnataka Bank has gone live in accepting
mission announced the launch of the GST payments through UPI. Karnataka Bank
initiative "Million Designers, Billion is one of the first Banks to extend GST
Dreams.”? payment through UPI mode. All the GST
Atal Innovation Mission (AIM) registered users including Karnataka Bank
Atal Mission for Rejuvenation and Urban customers can make GST payment seamlessly
Transformation (AMRUT) under this facility.
Ayushman Bharat -National Health Protection Karnataka Bank is already accepting GST
Mission (AB-NHPM) payments through its branches and on
Deendayal Antyodaya Yojana–National Rural Internet Banking facility on behalf of CBIC.
Livelihoods Mission (DAY-NRLM) Maximum limit permitted under UPI mode is
Namami Gange – National Mission for Clean Rs 1.00 lakh and there is no upper limit in
Ganga (NMCG) Internet Banking facility for GST payments.
Answer key-4 The Securities and Exchange Board of India
Solution: (Sebi) is looking to further tighten the noose
The Deendayal Antyodaya Yojana–National around p-notes or offshore derivatives
Rural Livelihoods Mission (DAY-NRLM) instruments (ODIs) by imposing a complete
announced the launch of the initiative ban from using the derivatives market.
"Million Designers, Billion Dreams." This Permanent
innovative program aims to empower Promissory
individuals across India with systems design Participatory
know-how to tackle complex societal Portfolio
challenges. Spearheaded by LEAP in None of these
collaboration with the DAY-NRLM. LEAP is a Answer key-3
catalyst organization that emerged from the Solution:
multidisciplinary work developed in India by The Securities and Exchange Board of India
the Design Laboratory at the Harvard T.H. (SEBI) is looking to further tighten the noose
Chan School of Public Health (D-Lab) and the around participatory notes (p-notes) or
Transform Rural India Foundation (TRIF), offshore derivatives instruments (ODIs) by
with seed investment provided by the Bill and imposing a complete ban from using the
Melinda Gates Foundation (BMGF). derivatives market.
Currently, p-notes can use the derivatives
Which of the following banks recently went market only for hedging purposes.
live in accepting GST payments through UPI. Further, the market regulator has proposed
The bank is one of the first Banks to extend mandating p-notes — and also foreign
GST payment through UPI mode? portfolio investors (FPIs) with segregated
Yes Bank portfolios — to provide granular disclosures
ICICI Bank around their ultimate beneficial owners
HDFC Bank (BOs), which currently only FPIs have to
Karur Vysya Bank provide.
Karnataka Bank

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Life Insurance Corporation of India (LIC) has the Reserve Bank has asked banks to provide
announced the launch of four new plans short term crop loans and short term loans
providing "comprehensive" term insurance for allied activities including animal
and financial protection against loan husbandry, dairy, fisheries, beekeeping etc.
repayments, effective from August 5, 2024. upto an overall limit of 3 lakh rupees to
Which of the following is NOT one of them? farmers at an interest rate of 7 percent. In a
Yuva Term notification, RBI said that the rate of interest
Digi Term subvention to lending institutions will be 1.5
Yuva Credit Life percent for 2024-25. RBI has said that an
Digi Credit Life additional interest subvention of 3 percent
Yuva Credit term should be provided to farmers who repay
Answer key-5 loans in time. RBI has added that Aadhaar
Solution: linkage would be mandatory for availing the
Life Insurance Corporation of India (LIC) has short-term loans.
announced the launch of four new plans
providing "comprehensive" term insurance India's economy is expected to grow at
and financial protection against loan ____________per cent in the current fiscal year
repayments. Yuva Term, Digi Term, Yuva driven by robust economic fundamentals and
Credit Life , and Digi Credit Life are effective continuity in domestic policy reforms,
from August 5, 2024. Deloitte India said recently.
“LIC’s Yuva Term is available offline through 7-7.4
our intermediaries and LIC’s Digi Term is 7-7.2
available online only through our website. 7-7.7
The purpose of these products is to cater to 7-7.6
youngsters who wish to take Term insurance 7-7.5
in initial stages of life and give them a wider Answer key-2
choice to buy offline or online,”. Solution:
India's economy is expected to grow at 7-7.2
In view of the continuation of the Modified per cent in the current fiscal year driven by
Interest Subvention Scheme by the Centre, robust economic fundamentals and continuity
which of the following has asked banks to in domestic policy reforms, Deloitte India
provide short term crop loans and short term said.
loans for allied activities including animal The August update of Deloitte's India
husbandry, dairy, fisheries, beekeeping etc. ? Economic Outlook said several initiatives in
SEBI the Union Budget 2024-25 toward improving
IRDAI agriculture productivity, creating jobs for the
RBI youth, and in manufacturing and addressing
PFRDA the challenge of access to finance for micro,
None of these small, and medium enterprises (MSMEs),
Answer key-3 would help improve supply-side demand,
Solution: curb inflation, and prop up consumer
In view of the continuation of the Modified spending, especially in rural areas.
Interest Subvention Scheme by the Centre,

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SBI General Insurance Company Limited, and this initiative will facilitate the
___________in August 2024 formed a commercialization of Australian research and
bancassurance collaboration to distribute technical capabilities in India.
non-life insurance products.
HSBC India SWIFT, the global specialist in financial
DBS India transactions has announced launching of an
KfW India artificial intelligence (AI)-driven pilot in
HDFC Bank partnership with Axis Bank.
None of these SWIFT stands for Society for Worldwide
Answer key-1 Interbank Financial Telecommunications
Solution: The headquarters of SWIFT is located in
SBI General Insurance Company Limited, one Belgium
of India’s top general insurers, and HSBC Along with global banks, including BNY
India have formed a bancassurance Mellon, Deutsche Bank, DNB, HSBC,
collaboration to distribute non-life insurance IntesaSanpaolo and Standard Bank, the duo
products. This agreement is a crucial step will test the use of secure data collaboration
towards delivering affordable and and federated learning technologies.
comprehensive insurance solutions and, Which of the above statements is/are
hence, increasing insurance penetration in correct?
the country. A,B
B,C
The __________________ recently unveiled the A,B,C
Maitri Research and Cultural Partnerships C only
Grants. These grants, aimed at fostering None of the above
collaboration, encompass sustainable Answer key-3
manufacturing, energy transition research, Solution:
and artistic projects. Belgium-headquartered Society for
Norwegian government Worldwide Interbank Financial
Italian government Telecommunications (SWIFT), the global
Australian government specialist in financial transactions, is
American government launching an artificial intelligence (AI)-driven
Swiss government pilot in partnership with Axis Bank to help
Answer key-3 combat payments fraud occurring in cross-
Solution: border payments. Along with global banks,
The Australian government has unveiled the including BNY Mellon, Deutsche Bank, DNB,
Maitri Research and Cultural Partnerships HSBC, IntesaSanpaolo and Standard Bank, the
Grants. These grants, administered by the duo will test the use of secure data
Centre for Australia-India Relations, seek to collaboration and federated learning
deepen bilateral links and explore technologies.
opportunities across various sectors such as
agribusiness, critical technology, energy
transition, and advanced manufacturing. Public-sector banks’ non-performing assets
According to the Ministry for Foreign Affairs, (NPA) associated with the Mudra loan

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category have declined to 3.4 per cent in import and export of goods and services
2023-24, Finance Minister Nirmala online. Consider the following statements.
Sitharaman said. The Reserve Bank of India (RBI) has issued
This marks an improvement from 4.77 per Cross Border Payment Aggregator licenses or
cent in FY21, 4.89 per cent in FY20, and 3.76 PA-CB licenses for Amazon Pay, Ayden India,
per cent in FY19. and BillDesk’s IndiaIdeas.
Pradhan Mantri Mudra Yojana (PMMY) is a The three payment companies now join
scheme set up by the Government of India Cashfree as the only holders of PA-CB licenses
(GoI) through MUDRA (a subsidiary of SIDBI). in India.
MUDRA stands for Micro Units Development The RBI set out new rules for an entity to
& Remittance Agency Ltd. function as a PA-CB in 2024.
Which of the above statements is/are Which of the above statements is/are
Correct? Correct?
(1) A,B (1) A,B
(2) A,C (2) A,C
(3) A,B,C (3) A,B,C
(4) B,C (4) B,C
(5) B only (5) B only
Answer key-1 Answer key-1

Solution:
Solution: The Reserve Bank of India (RBI) has issued
Public-sector banks’ non-performing assets Cross Border Payment Aggregator licenses or
(NPA) associated with the Mudra loan PA-CB licenses for Amazon Pay, Ayden India,
category have declined to 3.4 per cent in and BillDesk’s IndiaIdeas. PA-CBs facilitate
2023-24, Finance Minister Nirmala cross-border payments for the import and
Sitharaman said. export of goods and services online. The three
This marks an improvement from 4.77 per payment companies now join Cashfree as the
cent in FY21, 4.89 per cent in FY20, and 3.76 only holders of PA-CB licenses in India.
per cent in FY19, she said in response to a The RBI set out new rules for an entity to
query in the Lok Sabha during the Question function as a PA-CB in 2023. It mandated that
Hour. all non-bank PA-CBs register with the
Pradhan Mantri Mudra Yojana (PMMY) is a Financial Intelligence Unit-India (FIU-IND) to
scheme set up by the Government of India receive a license. Entities must also have a
(GoI) through MUDRA (a subsidiary of SIDBI). minimum net worth of ₹15 crores before
MUDRA stands for Micro Units Development applying for RBI authorization and a
& Refinance Agency Ltd. minimum net worth of ₹25 crores by March
31, 2026, to qualify as a PA-CB.
The Reserve Bank of India (RBI) recently
issued Cross Border Payment Aggregator The government collected Rs 8,263 crore
licenses or PA-CB licenses to 3 entities for the towards GST on health insurance premium in

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2023-24 fiscal year. Consider the following insurance, the Minister of State said in a
statements. written reply in the Lok Sabha.
Since its inception, GST @18 per cent rate is
levied on premium paid towards health Banks have written off loans worth Rs 9.90
insurance. lakh crore in the last five financial years.
Rashtriya Swasthya Bima Yojana (RSBY), Consider the following statements.
Universal Health Insurance Scheme, Jan The write-offs, while showing a declining
Arogya Bima Policy and Niramaya Health trend, remain substantial. For the fiscal year
Insurance Scheme are exempt from Goods 2023-24, banks wrote off loans worth Rs 1.70
and Services Tax (GST). lakh crore, down from Rs 2.08 lakh crore in
In 2023-24, Rs 1,484.36 crore was collected the previous year.
on account of GST on health reinsurance Against the Rs 9.9 lakh crore written off, only
premium. Rs 1.84 lakh crore, or 18 per cent of the total,
has been recovered over the last five years.
Which of the above statements is/are The gross NPAs of Scheduled Commercial
correct? Banks (SCBs) have shown a declining trend.
(1) A,B Which of the above statements is/are
(2) A,C Correct?
(3) A,B,C (1) A,B
(4) B,C (2) A,C
(5) C only (3) A,B,C
(4) B,C
Answer key-3 (5) C only
The government has collected Rs 8,263 crore Solution:
towards GST on health insurance premium in Banks have written off loans worth Rs 9.90
2023-24 fiscal year, Parliament was trillion in the last five financial years,
informed. Parliament was informed.
Certain insurance schemes catering to poor During 2023-24, banks loan write off was at
sections of the society and differently-abled, Rs 1.70 trillion, as against Rs 2.08 trillion in
such as Rashtriya Swasthya Bima Yojana the previous fiscal.
(RSBY), Universal Health Insurance Scheme, Write-off was highest at Rs 2.34 trillion
Jan Arogya Bima Policy and Niramaya Health during 2019-20, which came down to Rs 2.02
Insurance Scheme are exempt from Goods trillion in the following year and to Rs 1.74
and Services Tax (GST). trillion in 2021-22.
In 2023-24, the GST collection from health As per the RBI guidelines and policy
insurance premium stood at Rs 8,262.94 approved by banks' boards, NPAs, including
crore, while Rs 1,484.36 crore was collected those in respect of which full provisioning has
on account of GST on health reinsurance been made on completion of four years, are
premium. removed from the balance-sheet of the bank
Since its inception, GST @18 per cent rate is concerned by way of write-off.
levied on premium paid towards health Award-winning fig juice, made from GI-
tagged Purandar Figs is set for export to

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Poland. This marks the first time Indian fig The reconstitution was approved during a
juice will reach the European market. This meeting held here under the chairpersonship
comes after India successfully exported its of WCD Minister Annpurna Devi.
first commercial cargo of GI-tagged Purandar NIPCCD, an autonomous organization under
figs to _____________in February 2023. the WCD Ministry, was initially established in
Hong Kong 1966 under the Societies Registration Act XXI
China of 1860.
Kazakhstan The reconstitution reduces the size of the
Turkmenistan General Body from 94 to 22 members and the
None of these Executive Council from 21 to 13 members,
Answer key-1 creating a leaner and more efficient structure.
Solution:
Purandar Highlands Farmers Producer As cited in the latest Economic Survey 2023-
Company Ltd has made a big achievement by 24, it is expected that by 2030, more than
exporting India's first GI-tagged fig juice to ______________of India’s population will live in
Poland. This comes after India successfully urban areas. This estimation has been made
exported its first commercial cargo of GI- on the basis of studies and reports of NITI
tagged Purandar figs to Hong Kong in Aayog.
February 2023. 20 percent
40 percent
The Ministry of Women and Child 80 percent
Development recently reconstituted the None of these
Executive Council and General Body of the 60 percent
National Institute of Public Cooperation and Answer key-2
Child Development (NIPCCD) after more than Solution:
five decades. NIPCCD, an autonomous As cited in the latest Economic Survey 2023-
organization under the WCD Ministry, was 24, it is expected that by 2030, more than 40
initially established in __________ under the percent of India’s population will live in
Societies Registration Act XXI of 1860. urban areas. This estimation has been made
1955 on the basis of studies and reports of NITI
1966 Aayog.
1934 Further, so far as the information on
1877 migration is concerned, in the Periodic
None of these Labour Force Survey (PLFS) conducted by
Answer key-2 Ministry of Statistics and Programme
Solution: Implementation (MoSPI) during July 2020 –
The Ministry of Women and Child June 2021, information has been collected on
Development said on Monday it has migration particulars of the household
reconstituted the Executive Council and members. The percentage of internal
General Body of the National Institute of migrants by four types of rural-urban
Public Cooperation and Child Development migration streams (i.e rural areas to rural
(NIPCCD) after more than five decades. areas, rural areas to urban areas, urban areas

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to rural areas and urban areas to urban Sanjeev Sanyal
areas) is given in the table as follows: Answer key-3
Solution:
All India Rural to rural Urban to rural Rural to urban Urban to urban
Piyush Gupta, the Indian origin Chief
Person 55.0 10.2 Executive of Singapore's
18.9 largest bank DBS 15.9
Group, will step down in March 2025. He will
be succeeded by Tan Su Shan, who was
appointed as deputy CEO, in addition to her
According to the Minister of State for
current role as the group head of institutional
Statistics and programme Rao Inderjit Singh
banking, DBS said in a regulatory filing.
said, as per NITI Aayog’s report, around
__________people have escaped poverty during
Which of the following states announced the
2013-14 to 2022-23.
procurement of all crops at minimum support
10 crore
price, along with waiving Rs 133 crore in
25 crore
irrigation charges?
50 crore
Bihar
70 crore
Uttar Pradesh
100 crore
Haryana
Answer key-2
Telenagana
Solution:
Tamil Nadu
In a written reply in Lok Sabha Minister of
Answer key-3
State for Statistics and programme Rao
Solution:
Inderjit Singh said, as per NITI Aayog’s report,
Haryana Chief Minister Nayab Singh Saini on
around 25 crore people have escaped poverty
Sunday announced the procurement of all
during 2013-14 to 2022-23. A total of 5.93
crops in the state at minimum support price
crore people from Uttar Pradesh, 3.77 crore
and the waiving of Rs 133 crore in
from Bihar, 2.3 crore from Madhya Pradesh
outstanding canal water irrigation charges, as
and 1.87 crore people from Rajasthan have
the BJP launched its assembly election
escaped multidimensional poverty. The
campaign in the state.
Multidimensional Poverty Index released by
NITI Aayog estimates poverty by capturing
Lieutenant General Vikas Lakhera, assumed
dimensions such as health, education and
the role of the ________ Director General of the
standard of living. It measures both the share
Assam Rifles, from August 1, 2024.
of people in poverty and the degree to which
22nd
they are deprived.
26th
23rd
____________ the Indian origin Chief Executive of
21st
Singapore's largest bank DBS Group, will step
24th
down in March 2025.
Answer key-1
Dipak Gupta
Solution:
Rohit Jawa
Lieutenant General Vikas Lakhera, AVSM, SM,
Piyush Gupta
has officially assumed the role of the 22nd
Ajeet Kohli
Director General of the Assam Rifles, also

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known as the “Sentinels of the North-East,” The Indian Space Research Organization
effective August 1, 2024. Lt Gen Lakhera (ISRO) is set to launch its latest Earth
brings a wealth of experience to his new Observation Satellite, EOS-08, aboard the
position, particularly highlighted by his Small Satellite Launch Vehicle (SSLV)-D3.
extensive service in the North East region, This mission marks the third development
including a significant tenure as Inspector flight of the SSLV and highlights ISRO's
General of Assam Rifles in Nagaland. ongoing advancements in satellite technology
and launch capabilities.
Challa Sreenivasulu Setty was appointed as The EOS-08 mission aims to design and
the chairman of the State Bank of India. The develop a microsatellite, create payload
government also appointed ____________ as instruments compatible with the
managing director (MD) at SBI. microsatellite bus, and incorporate new
Rana Ashutosh Kumar Singh technologies for future operational satellites.
Ranjeet Seth
Ajay Kumar Seth ______________ recently proposed to make it
Satish Kumar Deewan mandatory for all entities regulated by it to
None of these maintain communication records, including
Answer key-1 acknowledgements, for at least eight years.
Solution: RBI
Challa Sreenivasulu Setty was appointed as PFRDA
the chairman of the State Bank of India on SEBI
Tuesday. His tenure will be due to start for IFSCA
three years on or after August 28. The IBBI
Appointments Committee of the Cabinet Answer key-3
approved the decision. The government also Solution:
appointed Rana Ashutosh Kumar Singh to Markets regulator SEBI proposed to make it
take over as managing director (MD) at SBI, mandatory for all entities regulated by it to
after Setty who currently serves in the maintain communication records, including
position. acknowledgements, for at least eight years.
The move is aimed at improving regulatory
The Indian Space Research Organization compliance, increase transparency, protect
(ISRO) is set to launch its latest Earth investors' interest and boost their confidence
Observation Satellite, ___________, aboard the in the securities market.
Small Satellite Launch Vehicle (SSLV)-D3.
This mission marks the third development The Reserve Bank of India recently
flight of the SSLV. introduced a scheme to permit foreign
EOS-06 investors in the International Financial
EOS-05 Services Centre (IFSC) to invest in sovereign
EOS-07 green bonds to facilitate wider non-resident
EOS-08 participation in such instruments. The
EOS-03 government issued sovereign green bonds
Answer key-4 (SGrBs) in________________.
Solution: January 2024

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April 2024 The _______________in August 2024 recognized
January 2023 the Fintech Association for Consumer
December 2023 Empowerment (FACE) as a Self-Regulatory
April 2023 Organisation in the FinTech sector (SRO-FT).
Answer key-3 Reserve Bank of India
Solution: Securities and Exchange Board of India
The Reserve Bank introduced a scheme to Insurance Regulatory and Development
permit foreign investors in the International Authority of India(IRDAI)
Financial Services Centre (IFSC) to invest in International Financial Services Centres
sovereign green bonds to facilitate wider non- Authority
resident participation in such instruments. Insolvency and Bankruptcy Board of India
The government issued sovereign green Answer key-1
bonds (SGrBs) in January 2023. Solution:
SGrBs were also issued as part of the The Reserve Bank of India has recognized the
government borrowing calendar in FY2023- Fintech Association for Consumer
24. Empowerment (FACE) as a Self-Regulatory
At present, foreign portfolio investors (FPIs) Organisation in the FinTech sector (SRO-FT).
registered with Sebi are permitted to invest FACE claims to have nearly 50 members,
in SGrBs under the different routes available including companies like CASHe, Fibe, CRED,
for investment by FPIs in government Groww, LoanTap, Fibe, KreditBee, Paysense,
securities. etc., accounting for 80% of digital lending
business volume.
Which of the following small finance banks A Self-Regulatory Organization in FinTech
recently launched the INORI RuPay Platinum must be a registered not-for-profit company,
Credit Card, a premium financial product and have the capability to establish the
designed in collaboration with the National necessary infrastructure to fulfil its
Payments Corporation of India (NPCI) to offer responsibilities effectively, for example, IT
cardholders exclusive benefits and privileges? infrastructure and systems to manage user
Janalakshmi Small Finance Bank harms ( full list of requirements is available
A U Small Finance Bank here).
ESAF Small Finance Bank SROs act as intermediaries between industry
Utkarsh Small Finance Bank players and regulatory bodies like the RBI,
Suryoday Small Finance Bank advocating for necessary changes and
Answer key-3 promoting compliance. They also create
Solution: inclusive guidelines to accommodate FinTech
ESAF Small Finance Bank has launched the entities and attempt to foster innovation by
INORI RuPay Platinum Credit Card, a bridging skill gaps, offering training, and
premium financial product designed in maintaining resources for industry research
collaboration with the National Payments and policy development.
Corporation of India (NPCI) to offer
cardholders exclusive benefits and privileges. ______________ recently reaffirmed India’s
sovereign debt rating at ‘BBB-‘ with a stable
outlook. The ‘BBB’ rating reflects low default

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risk expectations, where the capacity to meet PMJDY had “empowered women in every
financial commitments remain adequate household,” with more than 55.6 percent of
despite potential vulnerabilities from adverse Jan dhan account holders being women.
business or economic conditions. PMJDY offered “zero balance account, RuPay
Brickwork Ratings Card free of cost, Accidental insurance of Rs. 2
CRISIL Ratings lakhs on RuPay Debit Card along with
Acuite Ratings & Research Ltd overdraft facility of 10 thousand rupees to
India Ratings and Research Pvt. Ltd. eligible account holders.”.
Fitch Ratings Dhulikhel Municipality in Kavrepalanchok
Answer key-5 district has been named Nepal’s first ‘Healthy
Solution: City’ and the ________________ healthiest city in
Fitch Ratings has reaffirmed India’s sovereign Asia by the World Health Organization
debt rating at ‘BBB-‘ with a stable outlook. (WHO).
The global rating agency in its report has Third
attributed to the country’s robust medium- First
term growth prospects and solid external Second
finance position. Fourth
On the growth front, Fitch projected India’s Fifth
GDP growth at 7.2 percent in Financial Year Answer key-3
2025 and 6.5 percent in Financial Year 2026, Solution:
bolstered by public infrastructure Dhulikhel Municipality in Kavrepalanchok
investments, strong private sector investment district has been named Nepal’s first ‘Healthy
in real estate, and a resurgence in City’ and the second healthiest city in Asia by
manufacturing. the World Health Organization (WHO).
The ‘BBB’ rating reflects low default risk The designation follows a rigorous
expectations, where the capacity to meet monitoring process by the WHO, which began
financial commitments remain adequate in 2021. Dhulikhel achieved a score of 65.48
despite potential vulnerabilities from adverse points based on various health.
business or economic conditions. The WHO evaluated Dhulikhel on several
factors, including citizens’ access to
Union Minister Jitendra hailed the Pradhan healthcare, their involvement in health
Mantri Jan Dhan Yojana (PMJDY) for its 10th policy-making, political commitment to
anniversary. PMJDY “empowered women in health, nutrition, child health, and and
every household,” with more than innovative health initiatives. Notable
______________percent of Jan dhan account programs include efforts towards a
holders being women. tuberculosis-free community and nutrition-
67.8 friendly initiatives.
55.6 Gautam Adani and his family secured the top
71.8 position in the 2024 Hurun India Rich List,
61.9 amassing a wealth of Rs _______________crore.
45.8 Adani replaced Reliance Industries Limited
Answer key-2 Mukesh Ambani to become the richest Indian.
Solution: 11.61 lakh

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10.14 lakh production, leading to a heavy reliance on
14.56 lakh imports to meet both domestic and industrial
21.33 lakh needs. In 2022-23, India imported 16.5
None of these million tonnes (MT) of edible oils, with
Answer key-1 domestic production fulfilling only 40-45% of
Solution: the country’s requirements. This situation
Gautam Adani (62) and his family have presents a substantial challenge to the
secured the top position in the 2024 Hurun country’s goal of achieving self-sufficiency in
India Rich List, amassing a wealth of Rs 11.6 edible oils.
lakh crore. His wealth has surged by an
impressive 95%, establishing him as the Union minister of state for Environment,
leading figure in the prestigious listing. Forest and Climate Change, Kirti Vardhan
Adani replaced Reliance Industries Limited Singh recently inaugurated the ASSOCHAM
Mukesh Ambani to become the richest Indian. Environment and Carbon Conference in
Ambani's overall net worth increased by 25 _________. The theme of the conference is
per cent to Rs 10.14 lakh crore, as per the ‘Fostering a collaborative ecosystem for
2024 Hurun India Rich List. achieving net zero by 2070’.
Lucknow
_______________ recently unveiled Report on Ahmedabad
‘Pathways and Strategies for Accelerating New Delhi
Growth in Edible Oils Towards Kanpur
Atmanirbharta’. The report highlights that None of these
over the past decades, per capita Answer key-3
consumption of edible oil in the country has Solution:
seen a dramatic rise, reaching 19.7 kg/year. Union minister of state for Environment,
FSSAI Forest and Climate Change, Kirti Vardhan
NITI Aayog Singh has inaugurated the ASSOCHAM
FAO Environment and Carbon Conference in New
Both 1 & 3 Delhi. The theme of the conference is
Both 1 & 2 ‘Fostering a collaborative ecosystem for
Answer key-2 achieving net zero by 2070’.
Solution: Addressing the conference, Mr. Singh said, the
The report titled "Pathways and Strategies for Climate and Environment change is a global
Accelerating Growth in Edible Oils Towards issue now, but the government is taking
the Goal of Atmanirbharta" was released by several steps to protect the country from its
Shri Suman Bery, Vice-Chairman, in the impact. He said that the government is
presence of Prof. Ramesh Chand, Member, working to achieve net zero by 2070, as well
NITI Aayog. as fulfill the Vikshit Bharat 2047 vision of
The report highlights that over the past Prime Minister Narendra Modi. Mr. Singh said
decades, per capita consumption of edible oil that it is need of the hour to find solution of
in the country has seen a dramatic rise, the problems that are effecting the Climate
reaching 19.7 kg/year. This surge in demand and Environment globally.
has significantly outpaced domestic

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To bolster environmental conservation
efforts, Agriculture Minister Shivraj Singh The Union Cabinet recently approved a
Chouhan said his ministry will create a 'Matri proposal to conduct e-auctions for 730
Van' (mother's forest) on approximately Private FM channels in 234 new cities. Under
____________of land. this, 32 new private FM channels will be
one acre auctioned in Uttar Pradesh, 22 in Andhra
ten acre Pradesh, 20 in Madhya Pradesh, 19 in
five acre Rajasthan, 18 in Bihar, 11 in Maharashtra and
seven acre Tamil Nadu each, 13 in West Bengal and six
three acre private FM channels in Assam. The estimated
Answer key-1 reserve price for this auction is over
Solution: ____________.
To bolster environmental conservation 524 crore rupees
efforts, Agriculture Minister Shivraj Singh 344 crore rupees
Chouhan said his ministry will create a 'Matri 784 crore rupees
Van' (mother's forest) on approximately one 983 crore rupees
acre of land. 111 crore rupees
This initiative is part of the global Answer key-3
'Plant4Mother' campaign launched by Prime Solution:
Minister Narendra Modi on World The Union Cabinet has approved a proposal
Environment Day. to conduct e-auctions for 730 Private FM
The 'Plant4Mother' campaign aims to plant channels in 234 new cities. The move aims to
80 crore saplings across India by September boost local content in the mother tongue and
2024 and 140 crore by March 2025. create new employment opportunities.
The estimated reserve price for this auction is
Amazon recently rolled out the beta version over 784 crore rupees. Under this, 32 new
of its AI assistant, ____________, that will make private FM channels will be auctioned in
conversation with buyers to shop on the app. Uttar Pradesh, 22 in Andhra Pradesh, 20 in
Rufus Madhya Pradesh, 19 in Rajasthan, 18 in Bihar,
Amaze 11 in Maharashtra and Tamil Nadu each, 13 in
Ribble West Bengal and six private FM channels in
Amazoom Assam. Many of the approved cities are in
None of these Aspirational districts and left-wing extremist-
Answer key-1 affected areas and will further strengthen
Solution: government outreach in these areas.
Amazon has rolled out the beta version of its
AI assistant, Rufus, that will make The Union Cabinet chaired by Prime Minister,
conversation with buyers to shop on the app. Shri Narendra Modi, recently approved the
It can answer customer questions on progressive expansion in Central Sector
shopping needs, products, and comparisons, Scheme of financing facility under
make recommendations based on this ‘Agriculture Infrastructure Fund (AIF)’ to
context. The AI assistant Rufus had already make it more attractive, impactful and
debuted in the US six months ago.

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inclusive. Agriculture Infrastructure Fund
comes under the purview of __________________. NABSanrakshan: In addition to CGTMSE, it is
FAO proposed to extend AIF credit guarantee
NABARD coverage of FPOs through the
FCI NABSanrakshan Trustee Company Pvt. Ltd.
None of these also. This expansion of credit guarantee
Both 1 & 3 options is intended to enhance the financial
Answer key-2 security and creditworthiness of FPOs,
Solution: thereby encouraging more investments in
NABARD regulates AIF. agricultural infrastructure projects.
The Government has announced a series of
measures to expand the scope of Agricultural
Infrastructure Fund (AIF) scheme. These The ____________ International Mother Teresa
initiatives aim at expanding the scope of Awards Ceremony took place, at the
eligible projects and integrate additional Millennium Plaza Dubai, commemorating the
supportive measures to foster a robust 114th birth anniversary of the revered
agricultural infrastructure ecosystem. humanitarian.
22nd
Viable Farming Assets: To allow all eligible 24th
beneficiaries of scheme for creation of 23rd
infrastructure covered under ‘viable projects 29th
for building community farming assets’. This 34th
move is expected to facilitate the Answer key-2
development of viable projects that will Solution:
enhance community farming capabilities, The 24th International Mother Teresa
thereby improving productivity and Awards Ceremony took place on August 26th,
sustainability in the sector. 2024, at the Millennium Plaza Dubai,
commemorating the 114th birth anniversary
Integrated Processing projects: To include of the revered humanitarian.
integrated primary secondary processing This prestigious event, organized by the All-
projects in list of eligible activities under AIF. India Minority and Weaker Sections Council,
However standalone secondary projects was held outside India for only the second
would not be eligible and would be covered time, with both international ceremonies
under MoFPI schemes. having taken place in Dubai.
The awards, established after Mother
PM KUSUM Component-A: To allow Teresa’s passing in 1997, recognized
convergence of Component-A of PM-KUSUM exceptional individuals who have made
with AIF for farmer/group of farmers/ significant contributions in various fields
Farmer Producer Organizations/ including education, science, culture, sports,
Cooperatives/ Panchayats. The alignment of social work, medicine, industry, and politics
these initiatives aims to promote sustainable in India.
clean energy solutions alongside the
development of agricultural infrastructure.

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Chief of the Air Staff, Air Chief Marshal None of these
________________recently launched the first Both 1 & 2
comic book in the series of heroes of the Answer key-2
Indian Air Force. The comic book consists of Solution:
two stories, the first is about the Marshal of ISRO has planned to send a humanoid's skull
the Air Force Arjan Singh DFC and the second on the Gaganyaan mission before launching
is about the 1971 epic Battle of Boyra. astronauts next year. The Gaganyaan project
VR Chaudhari that envisages a demonstration of human
Anil Chauhan spaceflight capability will launch a crew of 3
Deepak Mohanty members to an orbit of 400 km for a 3-day
Satish Dhawan mission and bring them back safely to earth,
None of these by landing in seawater.
Answer key-1 The humanoid robot's skull designed at
Solution: ISRO's ISRO's Thiruvananthapuram unit has
Chief of the Air Staff, Air Chief Marshal VR been named Vyommitra. It weighs 800 grams
Chaudhari launched the first comic book in and measures 200mm x 220 mm. It is made
the series of heroes of the Indian Air Force. from a high-strength aluminium alloy to
The book published by the Indian Air Force is endure pressure and vibration in space.
aimed at presenting historical and heroic
narratives of the Indian Air Force since its The Union Sports Minister Dr. Mansukh
inception. It also aims to educate the readers Mandaviya recently launched the RESET
about the war history of the Indian Air Force programme on the National Sports Day.
and foster a sense of duty and inspiration RESET stands for______________.
among the youth of the nation. Retired Sportspersons Encouragement
This comic book consists of two stories, the Training
first is about the Marshal of the Air Force Retired Sportspersons Evaluation Training
Arjan Singh DFC and the second is about the Retired Sportspersons Empowerment
1971 epic Battle of Boyra. It also gives out Tribune
information about career choices in the Reiterated Sportspersons Empowerment
Indian Air Force and the eligibility criteria. Training
Retired Sportspersons Empowerment
___________________has planned to send a Training
humanoid's skull on the Gaganyaan mission Answer key-5
before launching astronauts next year. The Solution:
Gaganyaan project that envisages a The Union Sports Minister Dr. Mansukh
demonstration of human spaceflight Mandaviya launched the Retired
capability will launch a crew of 3 members to Sportspersons Empowerment Training
an orbit of 400 km for a 3-day mission and (RESET) programme on the National Sports
bring them back safely to earth, by landing in Day.
seawater. The RESET program is aimed at empowering
DRDO our retired sportspersons who have played
ISRO for the country and brought laurels for the
NASA nation. The program will support retired

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athletes on their career development journey Central Industrial Security Force. Fellow IPS
by empowering them with necessary official Daljit Singh Chaudhary will take over
knowledge and skills, making them more as the DG for the Border Security Force.
employable”, said the Sports Minister. According to an official communique, Bhatti
will hold the top post till his superannuation
Vice Admiral _______________recently assumed at the end of September 2025 unless further
duties of the director general of Project orders are given. He will take over from DG
‘Seabird’, with a charter to oversee largest CRPF Anish Dayal Singh who was recently
defence infrastructure project currently given the additional charge in an adhoc
progressing at the Karwar Naval Base. arrangement. The CISF was helmed by Nina
Rajesh Dhankhar Singh (the first woman to hold the role) until
Rajnish Karwar her retirement at the end of July this year.
Amit Dhawan
Alkesh Bajaj In a first, which country appointed a woman
Vinay Ramkrishna as the official spokesperson of the
Answer key-1 government. Fatemeh Moherajani, a
Solution: celebrated academician will now be the
Vice Admiral Rajesh Dhankhar on Wednesday public face of Masoud Pezeshkian
assumed duties of the director general of dispensation, Iranian media reported.?
Project ‘Seabird’, with a charter to oversee Iraq
largest defence infrastructure project Iran
currently progressing at the Karwar Naval Israel
Base. Pakistan
He took charge from Vice Admiral Tarun None of these
Sobti. The change of guard took place at the Answer key-2
headquarters of the project in New Delhi. Solution:
In a first, Iran has appointed a woman as the
The Appointments Committee of the Cabinet official spokesperson of the government.
approved the selection of IPS officer Fatemeh Moherajani, a celebrated
Rajwinder Singh Bhatti as the Director academician will now be the public face of
General of the Central Industrial Security Iran’s Masoud Pezeshkian dispensation,
Force, Daljit Singh Chaudhary will take over Iranian media reported.
as the DG for the_________________. Dr Fatemeh Mohajerani was the former head
Assam Rifles of Technical and Vocational Training
Border Security Force University of Shariati (for women) in Iran’s
The Border Road Organization 11th government.
National Investigation Agency
None of these The Union Cabinet chaired by the Prime
Answer key-2 Minister Shri Narendra Modi recently
Solution: approved the proposal of the Ministry of
The Appointments Committee of the Cabinet Power for providing CFA to the State
greenlit the selection of IPS officer Rajwinder Governments of NER towards their equity
Singh Bhatti as the Director General of the participation for development of Hydro

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Electric Projects in the North Eastern Region Fourth
(NER) through Joint Venture (JV) Fifth
Collaboration between State entities and Answer key-2
Central Public Sector Undertakings. CFA Solution:
stands for_____________. India commissioned its second nuclear
Central Financial Accord submarine INS Arighaat today in
Central Financial Assistance Visakhapatnam. The Arihant-class submarine
Central Financial Amenities will strengthen India's nuclear triad, enhance
Central Financial Assurance nuclear deterrence, help in establishing
Central Financial Action strategic balance and peace in the region, and
Answer key-2 play a decisive role in the security of the
Solution: country, the Ministry of Defence said in a
The Union Cabinet chaired by the Prime statement.
Minister Shri Narendra Modi has approved
the proposal of the Ministry of Power for The first indigenously developed Pollution
providing Central Financial Assistance (CFA) Control Vessel (PCV) of the Indian Coast
to the State Governments of NER towards Guard (ICG), Samudra Pratap, was launched
their equity participation for development of recently in
Hydro Electric Projects in the North Eastern ___________________.
Region (NER) through Joint Venture (JV) Odisha
Collaboration between State entities and Tamil Nadu
Central Public Sector Undertakings. Goa
None of these
This scheme has an outlay of Rs. 4136 crore Kerala
to be implemented from FY 2024-25 to FY Answer key-3
2031-32. A cumulative hydro capacity of Solution:
about 15000 MW would be supported under The first indigenously developed Pollution
the scheme. The scheme would be funded Control Vessel (PCV) of the Indian Coast
through 10% Gross Budgetary Support (GBS) Guard (ICG), Samudra Pratap, was launched
for North Eastern Region from the total in Goa. The event was graced by Minister of
outlay of the Ministry of Power. State (MOS) Defence Mr. Sanjay Seth, who
emphasised the importance of India
India commissioned its ____________ nuclear becoming fully self-reliant, Atmanirbhar in
submarine INS Arighaat recently in defence production. Built by Goa Shipyard
Visakhapatnam. The Arihant-class submarine Limited (GSL), Samudra Pratap marks a
will strengthen India's nuclear triad, enhance significant milestone in India’s journey
nuclear deterrence, help in establishing toward Indigenous defence capabilities.
strategic balance and peace in the region, and
play a decisive role in the security of the
country. The Competition Commission of India (CCI)
First approved the proposed merger between
Second Disney Star, the local unit of The Walt Disney
Third Company, and Reliance Industries-controlled

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Viacom18, with some voluntary production plant at Shivpuri, Adani said at an
modifications. It will pave the way for the industry conclave in Gwalior.
largest deal in India's media and
entertainment sector, creating an India's economic growth slowed to a 15-
$______________ entertainment network. month low of 6.7 per cent in April-June 2024-
2.5-billion 25, mainly due to poor performance of the
8.5-billion agriculture and services sectors, government
18.5-billion data showed. The gross domestic product
28.5-billion (GDP) expanded by ___________ in the April-
6.5-billion June quarter of 2022-23.
Answer key-2 8.1 per cent
Solution: 8.2 per cent
The Competition Commission of India (CCI) 8.4 per cent
approved the proposed merger between 8.7 per cent
Disney Star, the local unit of The Walt Disney 9.0 per cent
Company, and Reliance Industries-controlled Answer key-2
Viacom18, with some voluntary Solution:
modifications. India's economic growth slowed to a 15-
month low of 6.7 per cent in April-June 2024-
This approval, the most crucial for a merger 25, mainly due to poor performance of the
of this size, will pave the way for the largest agriculture and services sectors, government
deal in India's media and entertainment data showed.
sector, creating an $8.5-billion entertainment The gross domestic product (GDP) expanded
network. by 8.2 per cent in the April-June quarter of
The Adani Group will invest Rs. ____________ 2022-23.
crore in Madhya Pradesh to establish a India, however, remained the fastest-growing
cement grinding unit in Guna and a major economy, as China posted a 4.7 per
propellant production plant in Shivpuri. cent growth in April-June 2024.
2,600 The previous low of 6.2 per cent was
3,500 recorded in the January-March quarter of
1,600 2023.
5,600 The __________________recently launched a
None of these feature that allows customers to deposit cash
Answer key-2 at ATMs using the Unified Payments Interface
Solution: (UPI) without the need for a debit card. UPI
The Adani Group plans to invest `3,500 crore Interoperable Cash Deposit (UPI-ICD), was
towards setting up two new projects in unveiled by RBI Deputy Governor T Rabi
Madhya Pradesh, Karan Adani, CEO, Adani Sankar at the Global Fintech Fest 2024.
Ports and SEZ, said on Wednesday, as the Reserve Bank of India (RBI)
conglomerate expands its presence in the National Payments Corporation of India
central Indian state. The group will build a 2 (NPCI)
million tonne per annum cement grinding Reserve Bank Information Technology
unit in Guna, besides setting up a propellant Private Limited (ReBIT)

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Reserve Bank Innovation Hub demand are already emerging on the back of
None of these improving prospects for agricultural output
Answer key-1 amid above-normal rainfall during the
Solution: monsoon season.
The Reserve Bank of India (RBI) launched a
feature that allows customers to deposit cash Life Insurance Corporation of India (LIC) has
at ATMs using the Unified Payments Interface given the government of India Rs
(UPI) without the need for a debit card. UPI ________________ crore as dividend as the latter
Interoperable Cash Deposit (UPI-ICD), was is the largest shareholder in the state-run
unveiled by RBI Deputy Governor T Rabi insurer.
Sankar at the Global Fintech Fest 2024. 1,662.17
It allows customers to deposit cash at ATMs 2,662.17
without a physical card and through the 3,662.17
Unified Payments Interface (UPI), a widely 5,662.17
used digital payment system. 4,662.17
Customers can deposit cash at ATMs Answer key-3
equipped with UPI-ICD functionality. These Solution:
ATMs are designed as cash recycler machines, Life Insurance Corporation of India (LIC) has
which handle both cash deposits and given the government of India Rs 3,662.17
withdrawals. crore as dividend as the latter is the largest
shareholder in the state-run insurer.
New York-based Moody’s Ratings recently A cheque was handed over by CEO & MD
raised its forecast for India’s GDP growth for Siddhartha Mohanty to Union Finance
2024 to _______________per cent from 6.8 per Minister Nirmala Sitharaman. The GoI’s share
cent as projected earlier on the back of of dividend was approved by the
stronger private consumption driving up shareholders in the Annual General Meeting
aggregate demand in the economy. held on August 22, 2024.
7.2 More than 50 illnesses and nine deaths have
7.4 been reported due Listeria outbreak in
7.5 _________. According to latest data released by
7.3 the Centre for Disease Control and Prevention
7.6 CDC, the outbreak has been reported in 18
Answer key-1 states. This is the largest listeriosis outbreak
Solution: since the 2011 linked to cantaloupe.
New York-based Moody’s Ratings raised its UK
forecast for India’s GDP growth for 2024 to USA
7.2 per cent from 6.8 per cent as projected Spain
earlier on the back of stronger private Italy
consumption driving up aggregate demand in None of these
the economy. Answer key-2
Household consumption is poised to grow as Solution:
headline inflation eases toward the RBI’s More than 50 illnesses and nine deaths have
target. Indeed, signs of a revival in rural been reported due Listeria outbreak in US.

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According to latest data released by the and provide better services to citizens. They
Centre for Disease Control and Prevention also distributed nutrition kits to the
CDC, the outbreak has been reported in 18 beneficiaries through the app.
states with a total of 57 people have been
hospitalised. This is the largest listeriosis Google DeepMind's India unit is developing
outbreak since the 2011 linked to cantaloupe. an Indic language AI project called Morni
Symptoms of listeria include fever, chills, and (Multimodal Representation for India), with
headache and can take up to ten weeks to the aim of encompassing ___________ Indian
manifest in some individuals. Listeria can be languages and dialects to build inclusive and
very serious for people with weakened equitable Indic AI.
immune systems, pregnant women and 22
people over 65. In 2011, more than 30 people 56
died from affected cantaloupe. 80
Listeria is a resilient bacterium that can 125
survive on surfaces, such as meat slicers, and 111
in foods, even at refrigerated temperatures. Answer key-4
Reheating foods to a sufficiently high Solution:
temperature before consumption can Google DeepMind's India unit is developing
eliminate the bacteria. an Indic language AI project called Morni
Union Minister of Women and Child (Multimodal Representation for India), with
Development _______________recently launched the aim of encompassing 125 Indian
the pilot project of the face authentication languages and dialects to build inclusive and
feature in the Nutrition Tracker app in five equitable Indic AI.
states of the country at Mahatma Mandir in To address the challenge of data scarcity for
Gandhinagar. these languages, Google's research lab
Annapurna Devi launched Project Vaani, a collaborative effort
Anupriya Singh Patel involving Google, the Indian Institute of
Raksha Nikhil Khadse Science (IISc), and ARTPARK (Artificial
Savitri Thakur Intelligence & Robotics Technology Park).
None of these Singapore Airlines recently received approval
Answer key-1 from the Indian government for the foreign
Solution: direct investment as part of the proposed
Union Minister of Women and Child merger of Vistara with____________.
Development Annapurna Devi launched the Akasa Air
pilot project of the face authentication feature IndiGO
in the Nutrition Tracker app in five states of Air India
the country at Mahatma Mandir in GoFirst
Gandhinagar today. To ensure that the benefit None of these
of Take Home Ration (THR) reaches only Answer key-3
genuine beneficiaries, the Union government Solution:
has introduced a face authentication feature In a move that will create one of the world’s
in the Nutrition Tracker app. This initiative largest airline groups, Singapore Airlines
aims to strengthen the Digital India vision Friday said that it has received approval from

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the Indian government for the foreign direct the foundation stone of the Vadhvan Port
investment as part of the proposed merger of project. The Vadhvan Port is set to be
Vistara with Air India. operational by_______________.
With the clearance in place, the merger that 2027
will see Singapore Airlines acquiring a 25.1 2028
per cent stake in Air India, is expected to be 2030
completed by the end of this year. The 2029
proposed merger was announced in 2026
November 2022. Answer key-3
Air India is owned by Tata Group and Vistara Solution:
is a 51:49 joint venture between Tatas and Prime Minister Narendra Modi laid the
Singapore Airlines. In a regulatory filing on foundation stone of the Vadhvan Port project.
Friday, Singapore Airlines (SIA) said it has The Vadhvan Port is set to be operational by
received approval from the Government of 2030.
India for Foreign Direct Investment (FDI) into Vadhvan Port is located in the Palghar district
the enlarged Air India as part of the proposed of Maharashtra and is India's largest deep-
merger. water port. Its investment is ₹76,220 crore.
The port is strategically located 150 km from
Federation of Indian Chambers of Commerce Mumbai and will have a capacity of 300 mta
and Industry (FICCI) recently organized the with 9 container terminals and 4
first edition of the Young Leader Awards in multipurpose berths.
______________. The Jawaharlal Nehru Port Authority and
Lucknow Maharashtra Maritime Board will hold 74 per
Kanpur cent and 26 per cent shares of the
New Delhi construction costs for the Vadhvan Port
Gandhinagar project.
None of these
Answer key-3 In September 2024, which edition of the
Solution: India-U.S. Defence Acceleration Ecosystem
Federation of Indian Chambers of Commerce (INDUS-X) Summit will be held at the
and Industry FICCI organized the first edition Stanford University in California?
of the Young Leader Awards in New Delhi on 4th
Aug 29. Addressing the event, Union Youth 5th
Affairs Secretary Meeta Rajivlochan 6th
highlighted that the Ministry is working to 7th
encourage young people to engage in 3rd
experiential learning with the industry and Answer key-5
the importance of self-employment. Solution:
The third edition of the India-U.S. Defence
Vadhvan Port is located in the Palghar district Acceleration Ecosystem (INDUS-X) Summit
of Maharashtra and is India's largest deep- will be held at the Stanford University in
water port. Its investment is ₹76,220 crore. California early next month, during which top
Prime Minister Narendra Modi recently laid defence leaderships from the two countries

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would brainstorm on enhancing cross-border Answer key-3
defence innovation ecosystems. Solution:
Former Secretary of State Condoleezza Rice Infosys said it has expanded its collaboration
are among the key leaders to address the with Nvidia to develop AI-powered,
summit to be hosted by U.S. India Strategic customer-centric solutions aimed at
and Partnership Forum (USISPF) along with enhancing innovation and operational
Stanford University’s Gordian Knot Centre for efficiency for telecommunications companies.
National Security Innovation and the Hoover The partnership leverages Infosys Topaz, an
Institution on September 9 and September AI-first suite of services, solutions, and
10. platforms using generative AI technologies.
According to the IT services firm’s stock
The Indian Army in August 2024 launched the exchange filing, this collaboration is set to
first phase of Project__________, which is improve customer experiences, streamline
designed to provide dedicated support and network operations, and speed up service
services to Defence pensioners, veterans, and delivery for telcos. Infosys said it has
their families. expanded its collaboration with Nvidia to
NAMAN develop AI-powered, customer-centric
NAMASTE solutions aimed at enhancing innovation and
NATRAJ operational efficiency for telecommunications
SAUBHAGYA companies.
None of these The partnership leverages Infosys Topaz, an
Answer key-1 AI-first suite of services, solutions, and
Solution: platforms using generative AI technologies.
The Indian Army launched the first phase of According to the IT services firm’s stock
Project NAMAN, which is designed to provide exchange filing, this collaboration is set to
dedicated support and services to Defence improve customer experiences, streamline
pensioners, veterans, and their families. Chief network operations, and speed up service
of the Army Staff, General Upendra Dwivedi, delivery for telcos.
and the President of the Army Wives Welfare
Association, Mrs. Sunita Dwivedi, were ________________ and Peru recently signed an
present at the launching event. agreement to enhance cooperation in the
sector of critical minerals. The memorandum,
Infosys in August 2024 expanded its signed in Lima, aims to boost governance,
collaboration with which of the following investment, and global supply chain security
companies to develop AI-powered, customer- for critical mineral resources.
centric solutions aimed at enhancing India
innovation and operational efficiency for United States
telecommunications companies? Japan
IBM China
Amazon Korea
Nvidia Answer key-2
Microsoft Solution:
None of these

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The United States and Peru have signed an woman to win two gold medals in the Games’
agreement to enhance cooperation in the history?
sector of critical minerals. The memorandum, Mona Agarwal
signed in Lima, aims to boost governance, Mrinali Jain
investment, and global supply chain security Chitra Sen
for critical mineral resources. Avani Lekhara
This development took place in Lima, Peru, None of these
signaling a significant step in international Answer key-4
cooperation on mineral resources. Solution:
Avani Lekhara successfully defended her
_____________ recently unveiled plans to extend women’s 10m air rifle shooting standing SH1
the Lobito Corridor, a major transport route title at the Paris 2024 Paralympics, becoming
snaking through mineral-rich Angola, DRC the first Indian woman to win two gold
and Zambia, to the Indian Ocean shores of medals in the Games’ history.
Tanzania. The Indian para shooter scored 249.7 in the
United States final - creating a new Paralympic record and
Japan also shattering the previous record of 249.6,
Canada set by her exactly three years ago on her
India Games debut at Tokyo 2020.
Uzbekistan
Answer key-1 ______________Māori King Tuheitia Pootatau Te
Solution: Wherowhero VII passed away recently, at the
The US has unveiled plans to extend the age of 69.
Lobito Corridor, a major transport route Japan’s
snaking through mineral-rich Angola, DRC China’s
and Zambia, to the Indian Ocean shores of Australia’s
Tanzania. New Zealand’s
Matza also provided an update on None of these
investments elsewhere in the Corridor, Answer key-4
include the refurbishing of Angola’s Benguela Solution:
rail line, which has seen an initial investment New Zealand was in mourning after Māori
by the US Development Finance Corporation King Tuheitia Pootatau Te Wherowhero VII
of $250m. Another planned project is the died peacefully, aged 69.
building of 800 kilometres of greenfield rail in Following the election of New Zealand’s right-
Angola, DRC and Zambia, which according to wing government in late 2023 and the
Matza is “the most ambitious commercially announcement of proposed policies
led infrastructure (project) on the continent considered by many to be a rollback of Māori
that the US has supported. rights, Kiingi Tuheitea called a series of
nationwide meetings to protest these and
Who among the following successfully proposed changes to the principles of the
defended her women’s 10m air rifle shooting Treaty.
standing SH1 title at the Paris 2024
Paralympics, becoming the first Indian

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_____________recently received the Pacific Asia Kotak Mahindra Bank Ltd has teamed up with
Travel Association (PATA) Gold Award in GOQii to launch the Kotak - GOQii Smart Vital
Sustainable Tourism for Livelihood Recovery Plus smartwatch, revolutionizing the way
Project (STLRP). This is the third time the customers make payments. Priced at INR
board has received a PATA award in 3499, this innovative wearable device
community-based tourism. combines contactless payments with health
Albanian National Tourism monitoring features. Powered by RuPay On-
Antigua and Barbuda Tourist Board The-Go, the smartwatch enables seamless
Azerbaijan Tourism Board transactions up to INR 5000 without
Tourism Association of Bosnia and requiring a PIN.
Herzegovina
Nepal Tourism Board The Reserve Bank of India (RBI) cancelled the
licenses of 78 Urban Cooperative Banks
Answer key-5 (UCBs) since calendar year 2014, of which 46
Solution: percent are from Maharashtra. In 2024 alone
Nepal Tourism Board has received the Pacific (till July), licenses of ________ UCBs.
Asia Travel Association (PATA) Gold Award 15
in Sustainable Tourism for Livelihood 10
Recovery Project (STLRP). This is the third 12
time NTB has received a PATA award in 22
community-based tourism. The award 14
recognizes the project’s efforts in creating Answer key-2
employment opportunities and enhancing Solution:
sustainable tourism development in all seven The Reserve Bank of India (RBI) has cancelled
provinces of Nepal. the licenses of 78 Urban Cooperative Banks
NTB’s STLRP previously won the PATA Gold (UCBs) since calendar year 2014, of which 46
Award in 2022 and 2023. percent are from Maharashtra.
Inadequate capital, poor earning prospects,
deteriorating financial position, and the
continuation of operations being prejudicial
Kotak Mahindra Bank Ltd in August 2024 to the interests of depositors and the public at
teamed up with GOQii to launch the Kotak - large.
GOQii Smart Vital Plus smartwatch, In 2024 alone (till July), licenses of 10 UCBs
revolutionizing the way customers make were cancelled of which two each are in
payments. It is Powered by ___________. Maharashtra, Karnataka and Uttar Pradesh,
RuPay On-The-Go while one each is from Gujarat, Rajasthan,
Visa Assam and Andhra Pradesh. In 2023, licenses
NPCI of 14 UCBs and in 2022 licenses of 12 UCBs
UPI were cancelled.
None of these The Insurance Regulatory and Development
Answer key-1 Authority of India (IRDAI) recently imposed a
Solution: penalty totaling ____________on HDFC Life for
violating various IRDAI regulations.

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Rs 1 crore
Rs 5 crore
Rs 2 crore Despite a drop in its agriculture exports in
Rs 8 crore 2023 to $51 billion from $55 billion in 2022,
Rs 7 crore India maintained its position as world’s
Answer key-3 ____________largest exporter of agriculture
Solution: The Insurance Regulatory and products in the year , as per figures collated
Development Authority of India (IRDAI) has by the WTO.
imposed a penalty totaling Rs 2 crore on
HDFC Life for violating various IRDAI Fourth
regulations. Eighth
The penalty of Rs 1 crore was levied for Sixth
issues related to the protection of Tenth
policyholders’ interests. Additionally, a Fifth
penalty of Rs 1 crore was imposed for Answer key-2
irregularities concerning the outsourcing of Solution:
services by the company. Despite a drop in its agriculture exports in
2023 to $51 billion from $55 billion in 2022,
A unit of Qatar Investment Authority, SBI India maintained its position as world’s
Mutual Fund, and foreign investment funds eighth largest exporter of agriculture
Nomura and Citigroup were the biggest products in the year as seven of the top ten
buyers of shares in Adani group's power exporting nations witnessed a decline, per
transmission unit's ____________QIP. figures collated by the WTO. “Among the
USD 2 billion leading exporters of agricultural products,
USD 1 billion Brazil, the European Union and Thailand
USD 5 billion increased their exports by 6 per cent, 5 per
USD 10 billion cent and 0.2 per cent respectively in 2023.
USD 100 billion The other seven economies in the top 10 saw
Answer key-2 a decrease in their exports of agricultural
Solution: products.
A unit of Qatar Investment Authority, SBI
Mutual Fund, and foreign investment funds India is expected to host the _______________of
Nomura and Citigroup were the biggest the Voice of the Global South Summit on
buyers of shares in Adani group's power August 17 with a focus on addressing
transmission unit's USD 1 billion QIP, pressing challenges, including impact of
according to a stock exchange filing by the conflicts and development-related matters
company. The Rs 8,373.10 crore (USD 1 besides climate change.
billion) qualified institutional placement second edition
(QIP) of Adani Energy Solutions Ltd (AESL), sixth edition
which closed last week, saw over 120 third edition
investors seek shares in the firm that is into fourth edition
power transmission, distribution and smart fifth edition
metering business. Answer key-3

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Solution: None of these
India is expected to host the third edition of Answer key-1
the Voice of the Global South Summit on Solution:
August 17 with a focus on addressing Union Home Minister Amit Shah inaugurated
pressing challenges, including impact of the 24×7 water supply pilot project in
conflicts and development-related matters Manimajra, Chandigarh. The Minister said
besides climate change. that around one lakh people of Manimajra
The summit, which will take place in virtual will benefit from a 24×7 water supply. He
mode, will be chaired by Prime Minister said around 75 crores has been spent on this
Narendra Modi. project and 4 MGD water tanks have been
constructed at Manimajra, 12,000 new water
Which country’s Via Appia Antica, or Appian connections have been installed.
Way, the earliest and most important road India is aiming to achieve ____________Organic
built by the ancient Romans, has been named Farming Area in Next 8 Years.
a 60th Unesco world heritage site of the 10%
country? 20%
Germany 50%
Italy 70%
Uruguay 100%
Spain Answer key-2
Switzerland Solution:
Answer key-2 In the next 8 years, India can put 20 per cent
Solution: area under Organic Farming, Prof Ramesh
Italy’s Via Appia Antica, or Appian Way, the Chand, Member Niti Aayog and chairperson of
earliest and most important road built by the the 32nd International Conference of
ancient Romans, has been named a Unesco Agricultural Economists said.
world heritage site, making Italy the country
with the world’s highest number of locations The ______________recently launched ‘Nivahika’,
on the coveted list. a cutting-edge web portal, that is expected to
Known as the Regina Viarum, or Queen of revolutionise how the institute handles and
Roads, it connected Rome with the port of reports data.
Brindisi in the south and marked a revolution National Institute of Technology-Warangal
in the construction of roads. (NIT-W)
National Institute of Technology-
Union Home Minister Amit Shah in August Tiruchirappalli (NIT-T)
2024 inaugurated the 24×7 water supply National Institute of Technology-Calicut (NIT-
pilot project in______________. The Minister said C)
that around one lakh people will benefit from IIT Kanpur
a 24×7 water supply. Harcourt Butler Technical University (HBTU),
Manimajra, Chandigarh Kanpur
Haldwani, Uttarakhand Answer key-3
Haridwar, Uttarakhand Solution:
Unnao, Uttar Pradesh

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The National Institute of Technology-Calicut uphold international rules-based order in the
(NIT-C) has launched ‘Nivahika’, a cutting- region as tensions flare over disputed areas of
edge web portal, that is expected to the South China Sea?
revolutionise how the institute handles and India
reports data. Japan
Germany
“With Nivahika, we now have a reliable tool Italy
that ensures accuracy and consistency, aiding UK
in everything from the Centre’s submissions Answer key-3
to national rankings,” said NIT-C Director Solution:
Prasad Krishna while inaugurating the portal The Philippines and Germany on Sunday
on Friday. He added that Nivahika was not committed to signing a defence cooperation
just a milestone for the NIT-C but could also arrangement this year, vowing to uphold
set a benchmark for other NITs once it was international rules-based order in the region
fully operational. as tensions flare over disputed areas of the
South China Sea.
Airports Authority of India (AAI) shelled out China and the Philippines have traded
nearly 20 per cent higher amount of accusations in recent months over clashes in
___________towards repairs and maintenance the South China Sea, including charges China
works of 101 airports in the last financial intentionally rammed Manila's navy boats,
year, as per a recent newspaper reports. seriously injuring a Filipino sailor. Beijing has
Rs 200 crore disputed this, saying its actions were lawful
Rs 343 crore and professional.
Rs 456 crore
Rs 796 crore Tata Electronics' ₹27,000-crore chip
Rs 1000 crore assembly plant in Assam will create 27,000
Answer key-4 jobs and is expected to become operational
Solution: in_________, Tata Sons Chairman N
Airports Authority of India (AAI) shelled out Chandrasekaran said recently.
nearly 20 per cent higher amount of Rs 796 2027
crore towards repairs and maintenance 2025
works of 101 airports in the last financial 2026
year, according to official data. 2030
Since the fiscal 2021-22, AAI’s expenditure None of these
towards these activities at the airports has Answer key-2
been on the rise. Solution:
The amount rose to Rs 795.72 crore in the Tata Electronics' ₹27,000-crore chip
last financial year ended March 2024, from Rs assembly plant in Assam will create 27,000
663.42 crore in 2022-23. jobs and is expected to become operational in
2025, Tata Sons Chairman N Chandrasekaran
The Philippines and which of the country said.
recently committed to signing a defence The ceremony was attended by Assam Chief
cooperation arrangement this year, vowing to Minister Himanta Biswa Sarma who said it

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was a 'golden day' for the people of Assam as with an aim to encourage the habit of savings
the Bhumi pujan was performed. among Indian women.
The small savings scheme offers a fixed
Ambuja Cements announced an investment of interest rate of 7.5 per cent with a partial
___________to build a 6 MTPA Warisaliganj withdrawal option.
Cement Grinding Unit in Bihar. This will be
the company’s debut project in the state. The Union Ministry of Home Affairs recently
₹600 Crore assigned the additional charge of Director
₹1,600 Crore General of Border Security Force (BSF)
₹500 Crore to_____________, who is already serving as DG of
₹300 Crore the Sashastra Seema Bal (SSB).
₹1,200 Crore Nitin Aggarwal
Answer key-2 Amrit Mohan Prasad
Solution: Daljit Singh Chaudhry
Ambuja Cements announced an investment of Yogesh Khurania
₹1,600 Crore to build a 6 MTPA Warisaliganj Arun Sarangi
Cement Grinding Unit in Bihar. This will be Answer key-3
the company’s debut project in the state. Solution:
The development will occur in three phases, The Union Ministry of Home Affairs has
with the first phase featuring a 2.4 MTPA assigned the additional charge of Director
capacity and costing ₹1,100 Crore. This phase General of Border Security Force (BSF) to
is scheduled to be completed by December Daljit Singh Chaudhry, who is already serving
2025. as DG of the Sashastra Seema Bal (SSB), until
a regular appointment is made or until
The Centre is unlikely to extend the Mahila further orders. This came a day after ex-BSF
Samman Savings Certificate scheme (MSSCS) DG Nitin Agarwal was repatriated back to his
that was made available for two years beyond parent Kerala cadre with immediate effect.
its ____________deadline.
April 2025 Yamini Krishnamurthy passed away recently.
March 2025 He was a renowned ______________ veteran.
June 2025 Bharatanatyam
December 2024 Kuchipudi
December 2025 Mohiniattam
Answer key-2 Both 1 & 2
Solution: Kathak
The Centre is unlikely to extend the Mahila Answer key-4
Samman Savings Certificate scheme (MSSCS) Solution:
that was made available for two years beyond Bharatanatyam and Kuchipudi veteran
its March 2025 deadline, according to official Yamini Krishnamurthy died at the Apollo
sources. hospital. She was 84.
Finance Minister Nirmala Sitharaman, in the Born on December 20, 1940 in Madanapalli in
Budget for FY24, had announced the scheme Andhra Pradesh's Chittoor district to Sanskrit
scholar M Krishnamurti, she took to dance at

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the tender age of five at the Kalakshetra A only
School of Dance in Chennai under the tutelage Answer key-4
of legendary Bharatanatyam dancer Rukmini Solution:
Devi Arundale. Indian shooter Swapnil Kusale won the
bronze medal in the men’s 50m rifle 3
This was India’s first-ever Olympic shooting positions final at the Paris 2024 Olympics
medal in the 50m 3P and the third medal in shooting competition.
rifle shooting after Abhinav Bindra’s gold in Manu Bhaker, a 22-year-old shooter, won the
men’s 10m air rifle at Beijing 2008 and Gagan bronze medal in the women's 10m air pistol
Narang's bronze in the same event at London final at the Paris Olympics 2024.
2012. Consider the following statements. Indian shooters Manu Bhaker and Sarabjot
Indian shooter Swapnil Kusale won the Singh scripted history with a bronze medal in
bronze medal in the men’s 50m rifle 3 the 10m air pistol mixed team shooting event
positions final at the Paris 2024 Olympics at the Paris 2024 Olympics.
shooting competition.
Manu Bhaker, a 22-year-old shooter, won the
bronze medal in the women's 25m air pistol
final at the Paris Olympics 2024.
Indian shooters Manu Bhaker and Sarabjot
Singh scripted history with a bronze medal in
the 10m air pistol mixed team shooting event
at the Paris 2024 Olympics.
Correct?
A,B
B,C
A,B,C
A,C
Quantitave Aptitude Practice

Questions
Q1. �13 + √? = 5
a. 121
b. 169
c. 144
d. 225
e. 64
CORRECT OPTION: c

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Q2. 27% of 550 – 33% of 350 = ?
a. 33
b. 36
c. 38
d. 44
e. 47
CORRECT OPTION: a
Q3. Two friends A and B have some money in the ratio 4:3. If the money with A decreases by 20%
and that with B increases by Rs 35, then the money with both of them becomes equal. What is the
sum of the money with them finally?
a. 1120
b. 1180
c. 1220
d. 1240
e. none
CORRECT OPTION: a
Q4. In a town males and females are in the ratio 5: 4. Out of males 20% are children and rest are
adults. If the adult male population of the town is 4500, find the total population of the town
a. 9,000
b. 9,500
c. 10,125
d. 10,750
e. 11,000
CORRECT OPTION: c
Q5. A man buys a certain number of pens at 4 for Rs 14and an equal number at 5 for Rs 18. He sells
all the pens at 6 for Rs 20. What is his overall gain or loss percentage?
a. 6% profit
b. 6% loss
c. 8% loss
d. 10% profit
e. 12% loss
CORRECT OPTION: b
Directions (6-10):
A company has four teams: Team X, Team Y, Team Z, and Team W. The total number of employees
in these teams is 1200. The following information provides details about the number of employees
in each team, along with their distribution based on experience and gender:

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1. The ratio of employees in Team X, Team Y, Team Z, and Team W is 4:5:3:6.
2. 20% of the employees in Team X have more than 10 years of experience. Out of these
experienced employees, 75% are male.
3. In Team Y, 60% of the employees are female, and 30% of these female employees have less
than 5 years of experience.
4. In Team Z, the number of male employees is twice the number of female employees.
Additionally, 25% of the employees in Team Z have between 5 and 10 years of experience.
5. In Team W, the number of employees with more than 10 years of experience is 20% of the
total employees. Out of these experienced employees, 40% are female.
Q6. What is the total number of employees in Team Z?

(a) 180
(b) 200
(c) 240
(d) 150
(e) 360
Solution:
Answer: (b) 200
Q7. How many male employees in Team X have more than 10 years of experience?
(a) 36
(b) 40
(c) 42
(d) 60
(e) 30
Solution:
= 40
Answer: (b) 40
Q8. What is the number of female employees in Team Y who have less than 5 years of experience?
(a) 54
(b) 72
(c) 60
(d) 108
(e) 120
Solution:
Answer: (c) 60

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Q9. What is the ratio of male to female employees in Team Z?
(a) 2:1
(b) 3:2
(c) 4:3
(d) 5:4
(e) 1:1
Solution:
Answer: (a) 2:1
Q10. How many employees in Team W have more than 10 years of experience, and how many of
them are female?
(a) 24, 12
(b) 36, 18
(c) 48, 24
(d) 80, 32
(e) 60, 30
Solution:
Answer: (d) 80, 32
Directions (Q11-Q15): The table given below shows the total number of teachers and students in
four different schools. Read the data carefully and answer the questions.
Q11. If the total students in E are 30% more than total students in A and the total teachers in E are
40% more than total teachers in C, then find the total teachers and students in E.
a. 550
b. 678

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c. 700
d. 750
e. 824
CORRECT OPTION: b
SOLUTION:
Total students in A = 500
Total students in E = 500 + 30% of 500 = 500 + 150 = 650
Total teachers in C = 20
Total teachers in E = 20 + 40% of 20 = 20 + 8 = 28
Total teachers and students in E = 650 + 28 = 678
Q12. The total teachers in D are what percent less than the total teachers in B and C together?
a. 20%
b. 25%
c. 30%
d. 35%
e. 40%
CORRECT OPTION: c
SOLUTION:
Total teachers in D = 35
Total teachers in B = 30
Total teachers in C = 20
Total teachers in B and C together = 30 + 20 = 50
(50−35)
Percentage less = × 100
50
= 30%
Q13. Find the average number of teachers and students in B.
a. 330
b. 325
c. 315
d. 320
e. 340
CORRECT OPTION: c
SOLUTION:
Total teachers in B = 30
Total students in B = 600
Average = ½ (30+600)
= 315

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Q14. Find the ratio of total students in C to the total teachers in A and D together.
a. 16: 1
b. 15: 2
c. 14: 1
d. 20: 3
e. 12: 5
CORRECT OPTION: d
SOLUTION:
Total students in C = 400
Total teachers in A = 25
Total teachers in D = 35
Total teachers in A and D together = 25 + 35 = 60
Ratio = 400: 60
= 20: 3
Q15. Find the average of total number of students in A, B, C and D together.
a. 500
b. 600
c. 550
d. 700
e. 650
CORRECT OPTION: c
SOLUTION:
Total students in A = 500
Total students in B = 600
Total students in C = 400
Total students in D = 700
Total students in A and B together = 500 + 600 + 400 + 700 = 2200
Average = 2200/4 = 550
Direction (Q16-Q20): Number of Products Sold by Four Stores Over Five Months.

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Q16. What is the total number of products sold by all stores combined in March?
a. 700
b. 750
c. 800
d. 900
e. 850
CORRECT OPTION: d
SOLUTION:
Store A sold 130,
Store B sold 210,
Store C sold 240,
and Store D sold 320.
The total number of products sold in March is 130 + 210 + 240 + 320
= 900
Q17. Which store had the highest average monthly sales over the five months?
a. A
b. B
c. C
d. D
e. B & D
CORRECT OPTION: d
SOLUTION:
Store A: (150 + 120 + 130 + 140 + 160) / 5 = 140
Store B: (200 + 180 + 210 + 190 + 220) / 5 = 200

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Store C: (250 + 230 + 240 + 260 + 270) / 5 = 250
Store D: (300 + 310 + 320 + 330 + 340) / 5 = 320
Store D has the highest average monthly sales of 320.
Answer is Store D (320)
Q18. Calculate the percentage decrease in the number of products sold by Store A from January to
February.
a. 30%
b. 25%
c. 20%
d. 18%
e. 17.5%
CORRECT OPTION: c
SOLUTION:
Store A sold 150 in January and 120 in February
The decrease is 150 - 120 = 30.
Percentage decrease is (30 / 150) × 100 = 20%.
Q19. What is the difference in total products sold between Store B and Store D over the five
months?
a. 380
b. 600
c. 430
d. 450
e. 560
CORRECT OPTION: b
SOLUTION:
Store B sold = 200 + 180 + 210 + 190 + 220 = 1000
Store D sold = 300 + 310 + 320 + 330 + 340 = 1600
Difference is 1600 - 1000 = 600
Q20. If Store C's sales in June are projected to increase by 10% compared to May, what will be the
number of products sold in June?
a. 297
b. 283
c. 277
d. 275
e. 272.7

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CORRECT OPTION: a
SOLUTION:
Store C sold 270 in May
The projected increase for June is 10%,
So, the number of products sold will be 270 × 1.10 = 297
English Language Practise

Questions
Directions (1-7): Read the passage carefully and answer the questions given below.
In the vast expanse of the African savanna, a complex ecosystem thrives, where myriad species
interact in a delicate balance. From the majestic elephants that shape the landscape to the
industrious ants that scurry across the ground, each organism plays a vital role in the intricate web
of life.
At the center of this ecosystem, the apex predators reign supreme. Lions, with their majestic manes
and powerful roars, are the epitome of African wildlife. Their predatory prowess assures(A)/ that
herbivore populations (B)/remain in check, preventing overgrazing (C)/and maintaining a healthy
ecosystem(D)/no error(E).
Beneath the surface of the savanna, an/a ____A____ network of burrows and tunnels houses an array
of fascinating creatures. Meerkats, with their alert postures and keen eyes, stand guard while others
forage for food. Their cooperative behaviors and vigilant nature allow them to survive in this
challenging environment.
Above ground, the skies are filled with a symphony of birds, each with its own unique plumage and
melodious song. From the acrobatic maneuvers of the lilac-breasted roller to the haunting calls of
the African fish eagle, these avian species contribute to the vibrancy of the savanna ecosystem.
But the African savanna is not just a haven for animals; it is also home to a diverse array of plant
life. Towering baobab trees dot the landscape, their massive trunks and branches providing shade
and refuge to countless creatures. The grasslands, swaying in the gentle breeze, are a source of
sustenance for the herbivores that graze upon them.
However, this delicate balance is not without its challenges. Human encroachment, climate change,
and poaching pose significant threats to the African savanna and its inhabitants. As human
populations expand and agriculture encroaches upon wildlife habitats, the delicate equilibrium of
the ecosystem is disrupted. The effects of climate change, including prolonged droughts and erratic
rainfall patterns, further exacerbate the challenges faced by both plants and animals.
Conservation efforts play a crucial role in safeguarding the African savanna. National parks and
protected areas provide havens for wildlife, allowing species to thrive and populations to recover.

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Collaborative initiatives between governments, non-profit organizations, and local communities
aim to promote sustainable practices, reduce poaching, and raise awareness about the importance
of preserving this unique ecosystem.
1. Based on the passage, which assumption can be made about the impact of human encroachment
on the African savanna ecosystem?
a) Human encroachment directly benefits apex predators by providing additional food sources.
b) Human encroachment disrupts the natural migration patterns of herbivores in the savanna.
c) Human encroachment leads to the decline of plant species but has no impact on animal
populations.
d) Human encroachment poses a significant threat to the delicate balance and biodiversity of the
ecosystem.
A. Both a and b
B.Only d
C.Both a and c
D.All a,b and c
E.All of the bove
Ans: B
Explanation: The passage highlights human encroachment as one of the significant threats to the
African savanna ecosystem. It mentions that as human populations expand and agriculture
encroaches upon wildlife habitats, the delicate equilibrium of the ecosystem is disrupted.
Refer to: However, this delicate balance is not without its challenges. Human encroachment, climate
change, and poaching pose significant threats to the African savanna and its inhabitants.
2. Which of the following statements is/are TRUE as mentioned in the above passage?
a) The lilac-breasted roller is a bird species known for its haunting calls in the African savanna.
b) Meerkats are known for their cooperative behaviors and standing guard while others forage for
food in the African savanna.
c) Baobab trees in the African savanna provide shade and refuge to various creatures.
d) The main threat to the African savanna ecosystem is poaching, driven by the demand for baobab
tree products.
A. Both a and b
B.Only c
C.Both b and c
D.All a,b and c
E.None of the above
Ans: C
Explanation:

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True
b) Refer to: The passage explicitly mentions that meerkats have cooperative behaviors and stand
guard while others forage for food.
c) Refer to: The passage explicitly mentions that baobab trees dot the landscape and provide shade
and refuge to countless creatures.
This indicates the role of baobab trees as a source of shelter and protection for various organisms.
False
a) The passage mentions the lilac-breasted roller as a bird species in the African savanna, but it
does not associate it with haunting calls. The lilac-breasted roller is known for its acrobatic
maneuvers and its colorful plumage, rather than its vocalizations.
d) The passage mentions poaching as one of the threats to the African savanna ecosystem but does
not associate it with the demand for baobab tree products. Poaching is more commonly associated
with the illegal hunting and trade of animals for various purposes, such as ivory and bushmeat.
3.What initiatives are undertaken by collaborative efforts to protect the African savanna
ecosystem?
a) Building artificial tunnels and burrows to increase shelter availability for smaller mammals.
b) Implementing sustainable farming practices to reduce the impact of agriculture on wildlife
habitats.
c) Introducing non-native species to enhance biodiversity within the ecosystem.
d) Encouraging controlled poaching to maintain a balance between predator and prey populations.
A. Both a and c
B.Only c
C.Only b
D.All of the above
E. None of the above.
Ans: C
Explanation:
Refer to: The passage highlights collaborative initiatives between governments, non-profit
organizations, and local communities to promote sustainable practices. Based on this
information, it can be inferred that one of the initiatives undertaken is implementing sustainable
farming practices to minimize the negative impact of agriculture on wildlife habitats within the
African savanna ecosystem.
4. Which of the following statements is/are FALSE as mentioned in the above passage?
a) Collaborative initiatives between governments and non-profit organizations have completely
eliminated the threat of poaching in the African savanna.

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b) Collaborative initiatives in the African savanna involve only government and non-profit
organizations.
c) Baobab trees provide food for herbivores in the African savanna.
d) Lions are the only apex predators mentioned in the passage.
A.Both a and b
B.Both a and c
C.Only b
D. All a ,b and c
E.none of the above
Ans: D
Explanation:
Statement a, b, and c are false
a) The passage highlights collaborative initiatives between governments, non-profit organizations,
and local communities to reduce poaching, but it does not claim that these initiatives have
completely eliminated the threat.
b) The passage mentions collaborative initiatives between governments, non-profit organizations,
and local communities. Therefore, it can be inferred that collaborative initiatives involve the
participation of not only government and non-profit organizations but also local communities in
conserving the African savanna ecosystem.
c) The passage states that baobab trees provide shade and refuge to countless creatures, but it does
not mention them as a significant food source for herbivores.
Statement d is correct
d) The passage specifically mentions lions as the apex predators in the African savanna ecosystem.
While other animals play important roles, such as meerkats in regulating herbivore populations,
lions are explicitly referred to as the apex predators.
Beneath the surface of the savanna, an/a _____A______ network of burrows and tunnels houses an
array of fascinating creatures.
5. Which of the following word/words can appropriately fit in the place of blank A in the above
passage.
a. Simplistic
b. Voracious
c. Haphazard
d. Elaborate
A. Both b and d
B.Only d
C.Both b and c

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D. Only a
E.All of the above
Ans: B
Explanation:
Simplistic - This word implies a lack of complexity or intricacy, so it does not fit the context of the
sentence.
Voracious: wanting a lot of new information and knowledge.
Haphazard - This word suggests randomness or disorder, which contradicts the notion of an
organized network. Therefore, it does not fit the context.
Elaborate - This word implies detailed and intricate design, making it a suitable fit for the sentence.
So, the word “Elaborate" can fit in the given sentence:

“Beneath the surface of the savanna, an elaborate network of burrows and tunnels houses an array
of fascinating creatures.”
As human populations expand and agriculture encroaches upon wildlife habitats, the delicate
equilibrium of the ecosystem is disrupted. The effects of climate change, including prolonged droughts
and erratic rainfall patterns, further exacerbate the challenges faced by both plants and animals.
6. As per the given passage, which of the following Phrases/Idioms/words are the correct
Synonyms for the highlighted word respectively as contextually used in the passage?
A.Sensitive, worsen
B.Fragile, aggravate
C.Vulnerable, intensify
D.Susceptible, Soothe
E.Durable,Alleviate
A. Both a and b
B.Both a and c
C.Only b
D. All a,b and c
E.None of the above
Ans: D
Explanation:
Sensitive: Easily affected or influenced.
Fragile: Delicate and easily broken or damaged.
Vulnerable: Susceptible to harm or damage.
Susceptible: Prone to being influenced or affected by something.
Durable: Able to withstand wear, pressure, or damage.
Worsen: Make something worse or more severe.
Aggravate: Make a problem or situation more severe or intense.

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Intensify: Increase in degree or strength.
Soothe: Calm or alleviate a person or situation.
Alleviate: Relieve or make something less severe.
7. How do national parks and protected areas contribute to the preservation of the African savanna
ecosystem?
a) National parks act as research centers to study the behavior of apex predators.
b) Protected areas provide a controlled environment for breeding and reintroducing endangered
species.
c) National parks restrict human activities, minimizing the impact of encroachment on wildlife
habitats.
d) Protected areas encourage the exploitation of natural resources in a sustainable manner.
Ans: C
Explanation: The passage mentions that “national parks and protected areas provide havens for
wildlife, allowing species to thrive and populations to recover. It also states that these areas restrict
human activities”
Directions (8-): In the following passage, some of the words have been left out, each of which
is indicated by a letter. Find the suitable word from the options given against each letter and
fill up the blanks with appropriate words to make the paragraph meaningful.
Single-use plastic bag use in England has fallen by 20% after a 10p charge was ____M_____ last year,
the government has said. The price was ____N_____ from the 5p charge introduced in 2015. The
average person now ____O_____ around three single-use carrier bags a year, down from 140 in 2014,
government figures say. But environmentalists claim this is the ____P____ of the iceberg in the plastic
problem. Plastic pollution is a huge global challenge with ____Q____ found everywhere from human
blood to the Arctic. Charges for single-use plastic bags were introduced to _____R_____ _____S_____ use.
Since 2015, usage has decreased by 97% in England, according to figures from Defra, the
Department for Environment, Food and Rural Affairs.
Most supermarkets now only offer 'bags for life' which are not included in the figures.
Environmental charity Greenpeace says the use of these are on the ____T____. It told BBC News that
the figures don't reflect the ____U____ of the problem.
"When the government congratulates themselves on the single-use plastic bag charge, what they
fail to mention is the _____V_____ increase in the purchasing of so-called 'bags for life'," says Megan
Corton Scott, political campaigner for Greenpeace UK.
Single-use plastic bag use in England has fallen by 20% after a 10p charge was ____M_____ last year,
the government has said.
8. Blank M
a.Brought in
b.Put in place
c.Mooted

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A. Only a and b
B. Only a and c
C. Only b and c
D. All a, b and c
E. None of a, b and c
Answer - A. Only a and b

Explanation: The correct answer is A. Only a and b (a. Brought in and b. Put in place). Both options
accurately convey the action of implementing the 10p charge for single-use plastic bags.
Option c. Mooted suggests that the charge was only proposed or discussed, which is not accurate in
this context.
The meaning of Brought in/Put in place is introduced.

The meaning of Moot is subject to debate, dispute, or uncertainty.
Therefore, the correct answer is A.
The price was _____N_____ from the 5p charge introduced in 2015.

9. Blank N
a.Accumulated
b.Surged
c.Augmented
A. Only a and b
B. Only a and c
C. Only b and c
D. All a, b and c
Answer - C. Only b and c

Explanation: The correct answer is C. Only b and c (b. Surged and c. Augmented). Both options
accurately convey the action of increasing the price from the 5p charge introduced in 2015.
Option a. Accumulated does not fit in the context and is not the correct choice.
The meaning of Surged and Augmented is increased.

The meaning of Accumulate is to gather together.
Therefore,the correct option is C
The average person now ____O_____ around three single-use carrier bags a year, down from 140 in
2014, government figures say.
10. Blank O
a.Snaps up
b.Purchases
c.Picks up
A. Only a and b
B. Only a and c

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C. Only b and c
D. All a, b and c
Answer - D. All a, b and c

Explanation:The correct answer is D. All a, b, and c (a. Snaps up, b. Purchases, and c. Picks up). All
three options accurately convey the action of acquiring or obtaining the single-use carrier bags. The
average person now acquires or obtains around three single-use carrier bags a year, as stated in the
sentence.
The meaning of Snaps up is Acquired quickly or eagerly.

The meaning of Purchases is Buys something in exchange for money.
The meaning of Picks up is Obtains or acquires something, often casually or informally.
Therefore, the correct option is D
But environmentalists claim this is the ____P____ of the iceberg in the plastic problem.
11. Blank P
a.Tip
b.Point
c.Spike
A. Only a and b
B. Only a
C. Only b
D. Only c
E. All a, b and c
Answer - B. Only a
Plastic pollution is a huge global challenge with ____Q____ found everywhere from human blood to
the Arctic.
12. Blank Q
a.Particles
b.Specks
c.Motes
A. Only a and b
B. Only a and c
C. Only b and c
D. All a, b and c
Charges for single-use plastic bags were introduced to _____R_____ _____S_____ use.

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13. Blank R
a.Put a damper on
b.Fend off
c.Whip up
A. Only a and b
B. Only a and c
C. Only b and c
D. All a, b and c
Charges for single-use plastic bags were introduced to _____R_____ _____S_____ use.
14. S
a.Supererogatory
b.Redundant
c.Obligatory
A. Only a and b
B. Only a and c
C. Only b and c
D. All a, b and c
Most supermarkets now only offer 'bags for life' which are not included in the figures.
Environmental charity Greenpeace says the use of these are on the ____T____.
15. Blank T
a.Slump
b.Rise
c.Upturn
A. Only a and b
B. Only a and c
C. Only b and c
D. All a, b and c
Answer - C. Only b and c
It told BBC News that the figures don't reflect the ____U____ of the problem.
16. Blank U
a.Scale
b.Magnitude

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c.Lamina
A. Only a and b
B. Only a and c
C. Only b and c
D. All a, b and c
“When the government congratulates themselves on the single-use plastic bag charge, what they
fail to mention is the _____V_____ increase in the purchasing of so-called 'bags for life'," says Megan
Corton Scott, political campaigner for Greenpeace UK.
17. Blank V
a.Enormous
b.Expansive
c.Colossal
A. Only a and b
B. Only a and c
C. Only b and c
D. All a, b and c
Directions (18-20): Two columns are given with few sentences/phrases in each which are
grammatically correct and meaningful. Connect them by the word given below the
statements in the best possible way without changing the intended meaning. Choose the best
possible combination as your answer accordingly from the options to form a correct,
coherent sentence.
18.
Column 1 Column 2
(A) This prompted a humanitarian crisis with (D) had reached a point from which disasters
people fleeing and had become inevitable.
(B) There were also concerns on whether (E) avatar, to rendezvous with the silica-rich
groundwater depletion, or increased asteroid 99942 Apophis in 2029.
urbanisation that encouraged faulty
construction,

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(C) After this, it will reincarnate in its OSIRIS- (F) taken refuge in tents and open spaces,
APEX fearing that their homes would crumble.
A. Only A-F
B. Only B-D
C. Only B-D and C-E
D. Only A-E and C-F
E. A-F, B-D, and C-E
Ans: C
19.
Column 1 Column 2
(A) Hutchinson sprints to meet her (D) Hutchinson watching her father
father as he returns home for work, and his friends shooting snapping
turtles for sport.
(B) The next memorable outing (E) Hutchinson quickly finds herself
between them involves a dismayed interning for Rep.
(C) A first-generation college (F) jumping into his slow-rolling

student at her second-choice school, pickup truck and singing along to the
radio.
A. Only A-F
B. Only B-D
C. Only B-D and C-E
D. Only A-E and B-F
Ans: E
20.

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Column 1 Column 2
(A) But in recent years, he has taken (D) on the end of last month for the Audible
increasingly unorthodox positions, podcast “In the Room With Peter Bergen.”
(B) He appeared to liken pandemic safety (E) promoting conspiracy theories without any
protocols to the measures that reliable evidence.
(C) I sat down with Kennedy for a lengthy (F) the Nazis implemented when they were in
interview in Manhattan power in Germany.
A. Only A-F
B. Only B-D
C. Only B-D and C-E
D. Only A-E and B-F
Ans: D
______________________________________________________________
Boost your Vocab

1. Hush money
Meaning: Money paid to someone to preventthem from disclosing certain information.
Synonyms: Bribe, payoff, incentive
Antonyms: Disclosure, revelation, confession
Example: He paid hush money to keep thescandal from becoming public.
2. Indictments

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Meaning: Formal charges or accusations of aserious crime.
Synonyms: Charges, accusations, allegations
Antonyms: Acquittals, exonerations,absolutions
3. Disparate
Meaning: Essentially different in kind; notallowing comparison.
Synonyms: Diverse, dissimilar, distinct Antonyms: Similar, homogeneous, alike
4. Embattled
Meaning: Involved in or prepared for war,especially because of a conflict.
Synonyms: Besieged, beleaguered, underattack
Antonyms: Untroubled, unchallenged, peaceful
5. Suboptimal
Meaning: Below the highest level or standard;not optimal.
Synonyms: Inferior, inadequate, less than idealAntonyms: Optimal, ideal, perfect
Example: The conditions for the launch weresuboptimal.
6. Bespoke
Meaning: Made for a particular customer oruser; custom-made.
Synonyms: Custom, tailored, personalized
Antonyms: Standard, off-the-shelf, ready-made
7. Subpar
Meaning: Below an average level or standard.Synonyms: Inferior, mediocre, deficient
Antonyms: Superior, excellent, outstanding
Example: The team's performance this seasonhas been subpar.
8. Fray

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Meaning: A situation of intense activity, typically one incorporating an element of
aggression or competition.
Synonyms: Battle, conflict, dispute
Antonyms: Peace, harmony, agreemen
9. Subterranean
Meaning: Existing, occurring, or done under theearth's surface.
Synonyms: Underground, hidden, covertAntonyms: Surface, visible, overt
Example: The investigation uncovered a subterranean network of illegal activities.
10. Queered
Meaning: Spoiled or ruined (slang); to makesomething questionable or problematic.
Synonyms: Complicated, thwarted, disruptedAntonyms: Simplified, facilitated, assisted
11. Throw cold water on someone’spleasure

Meaning - to be negative about someone's ideas or plans
12. To be in a fix
Meaning - in a difficult or embarrassingsituation
13. To build a castle in the air
Meaning - unrealistic plans or hopes for thefuture

14. Be all ears
Meaning - ready and eager to listen
15. Plunge
Meaning: A sudden and significant decline ordecrease.
Synonyms: Drop, Fall, leap
Antonyms: Rise, increase, soar
Example: The stock market took a plunge afterthe unexpected announcement.

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16. Recast
Meaning: To change something by organizingor presenting it differently.
Synonyms: Restructure, reshape, reformAntonyms: Preserve, maintain, keep
17. Entrenched
Meaning: Firmly established and difficult tochange.
Synonyms: Rooted, fixed, ingrained
18. Augment
Meaning: To make something greater by adding to it; increase.
Synonyms: Enhance, expand, amplify Antonyms: Reduce, diminish,
decrease
19. Idiosyncrasies
Meaning: A mode of behavior or way of thought peculiar to an
individual.
Synonyms: Peculiarities, quirks, eccentricities
Antonyms: Normality, conformity, commonness
20. Endeavour
Meaning: An attempt to achieve a goal.
Synonyms: Effort, attempt, undertaking
Antonyms: Neglect, idleness, inactivity
21. Hone
Meaning: To refine or perfect something over a period of time.
Synonyms: Sharpen, improve, enhance
Antonyms: Blunt, dull, worsen
22. Resilient

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Meaning: Able to withstand or recover quickly from difficult
conditions.
Synonyms: Strong, tough, flexible
Antonyms: Weak, fragile, inflexible
23. Pull yourself together
Meaning - Calm down
Reasoning Ability Practice questions

Direction (1-5): Study the following arrangements carefully and answer the questions.
Seven people: Asha, Anuj, Ananya, Ankita, Anish, Aarav, and Aman went to different places in seven
different months, from January to July. Each of them is allergic to particular fruits Apple, Kiwi,
Banana, Lemon, Mango, Lichi, and Grapes.
The one who visited Bangkok is not allergic to lemon and visited after Anish. Ananya visited Tokyo
in either June or July. More than two people visited between the one who visited in March and Asha.
Anuj went three months after Anish but did not visit New York. The one who is allergic to bananas
went to New York. Aarav did not visit in the month with the least number of days. Anish went to Paris
in a month with an even number of days. There is a one-month gap in the trip between Ankita and
Aman; one of them went in January. One who is allergic to mango visited either Paris or Rome, in a
month with an even number of days. Neither Aman nor Asha is allergic to neither kiwi nor bananas.
One who is allergic to apples went to Berlin in a month with an odd number of days. Ankita is allergic
to either lichi or lemon. The one who is allergic to grapes visited Amsterdam.
Q1. Who went to Bangkok?

a. Aman
b. Asha
c. Anuj
d. Ankita
e. None of these
Answer Key: (a)
Q2. Find the odd one.

a. Asha - Aman
b. Anuj - Anish
c. Ankita - Aman
d. Aarav - Ananya

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e. Ankita - Asha
Answer Key: (b)
Q3. Who is allergic to Lichi?

a. Ananya
b. Ankita
c. Asha
d. Aman
e. Anuj
Answer Key: (d)
Q4. How many persons visited between Aarav and the one allergic to Apples?
a. 3
b. 5
c. 6
d. 2
e. 4
Answer Key: (d)
Q5. Find the correct pair.

a. Aman – Bangkok – March – Apple
b. Anuj – Rome – January – Grapes
c. Ananya – Tokyo – June – Kiwi
d. Anish – Barlin – April – Lemon
e. Aman – New York – February – Lichi
Answer Key: (c)
Solution:
1. Anish went to Paris in a month with an even number of days.
2. Anuj went three months after Anish but did not visit New York.
3. Ankita is allergic to either lichi or lemon.
4. Ananya visited Tokyo in either June or July.
Person Place Month Fruit
Asha
Anuj July/May
Ananya Tokyo June/July
Ankita Lichi/Lemon
Anish Paris April/February
Aarav
Aman
5. Neither Aman nor Asha is allergic to neither kiwi or bananas.
6. The one who is allergic to bananas went to New York.

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7. There is a one-month gap in the trip between Ankita and Aman; one of them went in January.
Asha
Anuj July/May
Ananya Tokyo June/July
Ankita January/March Lichi/Lemon
Anish Paris April/February
Aarav New York Banana
Aman January/March
8. One who is allergic to apples, went to Berlin in a month with an odd number of days. The only
possibility left is Asha.
9. More than two people visited between the one who visited in March and Asha. Therefore, Asha
visited in July.
10. Aarav did not visit in the month with the least number of days. Therefore, Aarav visited in April.
Asha Berlin July Apple
Anuj May
Ananya Tokyo June
Anish Paris February
Aarav New York April Banana
Aman January/March
11. The one who is allergic to grapes visited Amsterdam. The only possibility left is Anuj.
12. One who is allergic to mango visited either Paris or Rome, in a month with an even number of
days.
Anuj Amsterdam May Grapes
Ananya Tokyo June
Anish Paris February Mango
Aman January/March
Certainly, Ananya is allergic to kiwi.
13. The one who visited Bangkok is not allergic to lemon and visited after Anish.
Hence, the final solution is,
Anuj Amsterdam May Grapes
Ananya Tokyo June Kiwi
Ankita Rome January Lemon

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Anish Paris February Mango
Aman Bangkok March Lichi
Direction: In the following question, four statements are given and there are five conclusions given
in the options. Find the incorrect conclusion among the five options.
6. Statements:
I) Some Copy is Crop.
II) No Crop is Coal.
III) some Coal is Clip.
IV) Some Copper is both Copy and Crop.
Conclusions:
a. Some Copper is not Coal
b. Some Crop are Copy but not Copper
c. Some Coal can be Copy
d. Some clip is not Crop
e. All Crop can be clip
Answer Key: B
Solution:
The least possible Venn diagram for the given statements is as follows:
Conclusions:
I) Some Copper is not Coal → True (as we know that no Crop is Coal so, the part of Copper which is
Crop is not Coal. So, the case is true)
II) Some Crop are Copy but not Copper → False (as we know the common part of Crop and Copy is
Copper. So, the case is false)
III) Some Coal can be Copy → True (as there is no direct relation is given between Coal and Copy so
we can say that here is a possibility that some Coal can be Copy. Thus, this case is true)
IV) Some clip is not Crop → True (as the part of clip which is Coal is not Crop. So this case is true)
V) All Crop can be clip → True (as there is no direct relation is given between Crop and clip so we can
say that here is a possibility that all Crop can be clip. Thus, this case is true)
Hence, Option (b) is correct.
Direction (7-9): Study the following arrangements carefully and answer the questions.
9@YO^37R+1PS*A?4#UH%W2QX(6$T

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Step 1 – If a number is preceded by a symbol and followed by a symbol, the number will be placed in
the middle of the row in increasing order.
Step 2 – If a letter is immediately followed by another letter, then the first letter (if consonant) will
be changed to its reverse letter and if the first letter is a vowel, then the second letter will be changed
to its reverse.
Step 3 – If a symbol precedes a letter, they will interchange their position and the letter will be
changed to the next letter according to English alphabetical order.
Step 4 – subtract 1 from the even numbers which are greater than 5 and add 1 with the odd numbers
which are less than 5.
7. What is the 7th element from the left of the 8th element of the right end in the final step?
a. *
b. #
c. B
d. 4
e. 5
Answer Key: (a)
8. How many alphabets are immediately followed by symbols and preceded by numbers in the final
step?
a. Three
b. One
c. Two
d. Four
e. Five
Answer Key: (c)
9. What is exactly in the middle of the 10th element from the left and the 13th element from the right?
a. *
b. S
c. K
d. 4
e. B
Answer Key: (e)
Solution:
9@YO^37R+1PS*A?4#UH%W2QX(6$T
Step 1 – If a number is preceded by a symbol and followed by a symbol, the number will be placed in
the middle of the row in increasing order.
9@YO^37R+1PS*A46?#UH%W2QX($T

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Step 2 – If a letter is immediately followed by another letter, then the first letter (if consonant) will
be changed to its reverse letter and if the first letter is a vowel, then the second letter will be changed
to its reverse.
9@BO^37R+1KS*A46?#US%W2JX($T
Step 3 – If a symbol precedes a letter, they will interchange their position and the letter will be
changed to the next letter according to English alphabetical order.
9C@O^37R+1KSB*46?V#SX%2JX(U$
Step 4 – subtract 1 from the even numbers which are greater than 5 and add 1 with the odd numbers
which are less than 5.
9C@O^47R+2KSB*45?V#SX%2JX(U$
Direction (10-12): Answer the questions based on the information given below.
There are nine family members: P, Q, R, S, T, U, V, W, and X, who belong to three generations and
include three married couples. X is the sole sister-in-law of P, who is the only daughter of W. V is the
parent of P and Q. U is R's son. S and T are X's children. V is T's paternal grandfather.
10. How many male members are in the family?

(a) Four
(b) Five
(c) Six
(d) Seven
(e) Cannot be determined
Answer: E
Solution:
11. Who is the maternal uncle of U?

(a) V
(b) W
(c) P
(d) S
(e) Q
Answer: E

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Solution:
12. How is R related to the son of W?

(a) Brother
(b) Sister
(c) Brother-in-law
(d) Sister-in-law
(e) None of the above
Answer: C
Solution:
Direction (13-15): Study the following information carefully and answer the questions given below:
A person starts at point A and walks 5 meters north. The person then turns left and walks 6 meters
to reach point B. From there, the person takes another left turn and walks 8 meters to arrive at point
C. Point D is 12 meters west of point E, which is 8 meters east of point C. Additionally, point F is 3
meters north of point E.
13. How far point C is with respect to point F?

(a) √73
(b) √75
(c) √79
(d) √82
(e) √74
Answer: A

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Solution:
14. Point B is in which of the following directions with respect to point F?

(a) North-west
(b) South-west
(c) North-east
(d) South-east
(e) North
Answer: A
Solution:
15. How far and in which direction is point E with respect to point D?
(a) 8m, east
(b) 6m, west
(c) 8m, north
(d) 12m, west
(e) 12m, east
Answer: E
Solution:

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Page | 207
Directions (16-20): Study the data carefully and answer the questions accordingly.
Input: range proper height lovely breaking cast famous
Step I-cast range proper height lovely breaking famous
Step II-cast height range proper lovely breaking famous
Step III-cast height lovely range proper breaking famous
Step IV-cast height lovely proper range breaking famous
And Step IV is the last step of the above arrangement. As per the rules followed in the given steps,
find out the steps for the given input.
Input: touch growing system low track makeup carrot
16. Which of the following will be the last step?

(A) low system track carrot touch growing makeup
(B) low system carrot track growing touch makeup
(C) low system track carrot growing makeup touch
(D) low system track carrot growing touch makeup
(E) None of these
Answer: D
Solution:
Step I- low touch growing system track makeup carrot
Step II- low system touch growing track makeup carrot
Step III- low system track touch growing makeup carrot
Step IV- low system track carrot touch growing makeup
Step V- low system track carrot growing touch makeup
17. Which of the following is fifth from the right end in step III?
(A) carrot
(B) growing
(C) system
(D) track

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Page | 208
(E) None of these
Answer: D
Solution:
18. In step IV, ‘low’ is related to ‘track’ and ‘makeup’ is related to ‘touch’, in the same way, ‘growing’
is related to-
(A) carrot
(B) system
(C) track
(D) makeup
(E) None of these
Answer: A
Solution:
19. Which of the following is exactly in the middle of step II?

(A) system
(B) makeup
(C) growing
(D) track
(E) None of these
Answer: C
Solution:

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Page | 209
20. In which of the following steps does, ‘track touch growing’ come in the same order?
(A) Step V
(B) Step II
(C) Step IV
(D) Step III
(E) None of these
Answer: D
Solution:


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Weekly PDF August 2024: Second Week

[Draw your reader in with an engaging

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Banking & Finance

2. RBI imposes penalties on five co-operative banks for regulatory non-compliance

3. Forex reserves decline by $3.47 bn to $667.386 bn

4. SBI and Canara Bank to raise 19000 crore via Bonds

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• Name of company : Rapido

6. UPI Transactions Soar to ₹20.64 Lakh Crore in July 2024

7. Sovereign Gold Bond 2016' to yield 12% return on maturity on August 5

8. Ransomware attack disrupts at least 150-200 cooperative banks, RRBs

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• The Reserve Bank draft rules on the due diligence to

10. PNB MetLife launches of Bharat Manufacturing Fund in ULIP segment

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• Small Industries Development Bank of India (Sidbi) has

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• ICICI Bank has announced changes to its airport lounge access

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22. PSBs charged Rs 2k cr in FY24 for not keeping minimum balance

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24. Banks face seven-year backlog in debt recovery cases

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28. L&T Finance Receives RBI Certificate For NBFC-ICC Status

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33. SEBI fines Nippon Life India AMC

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a. Context: Live in accepting GST payments through UPI

36.Sebi looks to further tighten the noose around participatory notes

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a. Launched: "DBS Golden Circle"

41. RBI cancels licence of 78 UCBs since 2014

42. Banking Laws (Amendment) Bill introduced in Lok Sabha

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48. India’s IIP Records 4.2% Growth in June 2024

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• Launch of: ANTAH DRISHTI Braille Debit Card

51. Net Direct Tax Collection Up 22.5% to Rs 6.93 Trillion

52. Sonata Finance to merge with BSS Microfinance

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• Collab between: Fintech firm Navi and Karnataka Bank

• India's wholesale price index (WPI) inflation cooled to a three-month low of

• Data by: Commerce Ministry

• Data by: National Payments Corporation of India (NPCI)

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• Launch of: The ultra luxury credit card ‘PRIMUS’

• Change: India's share buyback tax regime

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• Agreement between: Tata Power Solar Systems and ICICI Bank

• Context: 5 year ban from security market and fined of 25cr

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71. Sebi slaps penalty of Rs 11 lakh on IIFL Securities

• Reason: Violation of stock brokers' norms

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