Daily Current Affairs 07th August 2024, Important News Headlines (Daily GK Update)

International News

Nobel Laureate Muhammad Yunus To Lead Bangladesh Interim Government

Muhammad Yunus, a Nobel laureate from Bangladesh, will lead the country’s interim government. This decision comes after former Prime Minister Sheikh Hasina stepped down and fled the country due to a mass uprising led mainly by students. The announcement was made on August 7 by Joynal Abedin, the press secretary of President Mohammed Shahabuddin.

India’s First GI-Tagged Fig Juice Exported to Poland

Purandar Highlands Farmers Producer Company Ltd has successfully exported India’s first GI-tagged fig juice to Poland. This follows their earlier achievement of exporting the first commercial consignment of GI-tagged Purandar figs to Hong Kong in February 2023.

Australia Announces Maitri Grants For Research And Cultural Collaboration With India

The Australian government has introduced the Maitri Research and Cultural Partnerships Grants to promote collaboration with India. These grants will support projects in sustainable manufacturing, energy transition research, and the arts. Minister Penny Wong highlighted the importance of these initiatives in strengthening the relationship between the two countries.

States News

Rs 920 Cr Namami Gange Mission 2.0 Projects In UP And Bihar

The Indian government has completed and made operational four major projects under the Namami Gange Mission 2.0 in Uttar Pradesh and Bihar. These projects aim to rejuvenate and conserve the River Ganga by reducing pollution and improving the river’s ecological health.

Madras High Court Strikes Down Section 77-A of Registration Act as Unconstitutional

The Madras High Court has declared Section 77-A of the Registration Act, 1908 unconstitutional. This section, added by a 2022 State amendment, allowed District Registrars to cancel property documents if they were registered through fraud or with forged records. This ruling has significant implications for property registration and ownership rights in Tamil Nadu.

Haryana’s Groundbreaking MSP Policy: A New Era for Farmer Support

On August 4, 2024, Haryana Chief Minister Nayab Singh Saini announced a new policy to purchase all crops at the Minimum Support Price (MSP). Haryana is the first state in India to implement such a comprehensive MSP policy. This move is seen as a strategic effort to regain political support ahead of the upcoming Assembly elections.

Appointments News

Lt Gen Vikas Lakhera Assumes Charge as Assam Rifles Director General

Lt General Vikas Lakhera has taken over as the new Director General of the Assam Rifles, known as the “Sentinels of the Northeast”. This change in leadership is significant for the paramilitary force that plays a crucial role in maintaining peace and security in India’s northeastern region.

Dinesh Karthik, A New Ambassador for SA20 League

Former Indian cricketer Dinesh Karthik has been appointed as the brand ambassador for the SA20 League. This appointment aims to strengthen the league’s global presence and enhance its position in the competitive T20 cricket landscape.

Government Appoints Challa Sreenivasulu Setty as SBI Chairman

Challa Sreenivasulu Setty has been appointed as the Chairman of the State Bank of India (SBI) by the Appointments Committee of the Cabinet (ACC). Setty, currently the senior-most Managing Director of SBI, will take over the role on August 28, 2024, succeeding Dinesh Kumar Khara.

Banking News

Capital Small Finance Bank and Edelweiss Life Partner for Bancassurance

Capital Small Finance Bank (CSFB) and Edelweiss Life Insurance have entered into a bancassurance partnership. This collaboration will allow CSFB’s 177 branches to offer Edelweiss Life’s insurance products, thereby enhancing CSFB’s financial services and expanding Edelweiss Life’s market reach.

Economy News

Govt Reverses Decision: Indexation Benefits Restored For LTCG Tax

The government has reversed its earlier decision to remove indexation benefits for long-term capital gains (LTCG) tax on property sales. Taxpayers can now choose between a lower tax rate without indexation or a higher rate with indexation for properties bought before July 23, 2024.

Sports News

Vinesh Phogat Disqualified In Paris Olympic 2024

Indian wrestler Vinesh Phogat has been disqualified from the Paris Olympics for failing to meet the weight requirement for her 50 kg category. She was reportedly over the permissible weight limit by just 100 grams, which disqualifies her from winning a silver medal, leaving only gold and bronze winners in the 50 kg category.

Important Days News

National Javelin Day 2024: Celebrating India’s Golden Moment in Athletics

National Javelin Day is celebrated to honor Neeraj Chopra’s historic achievement on August 7, 2021, when he won India’s first-ever Olympic gold medal in track and field with a javelin throw of 87.58 meters. This victory made him the second Indian to win an individual Olympic gold, following Abhinav Bindra.