Daily Current Affairs 5th Aug, 2024: Your guide for daily General Knowledge Preparation
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This post contains important current affairs of 5th Aug, 2024. It includes all Major National, International, Business and Sports related current affairs of 5th Aug, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 5th Aug, 2024 Current affairs test.
National News
India Approves Eight New National High-Speed Road Corridors
- On August 2, 2024, the Indian government made a notable move to improve the nation’s transportation network.
- The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, sanctioned the development of eight new national high-speed corridor projects.
- This initiative represents a crucial step in India’s ongoing mission to upgrade and expand its road infrastructure to accommodate both current and future needs.
International News
President Murmu’s Six-Day Visit to Fiji, New Zealand, and Timor-Leste
- President Droupadi Murmu embarked on a six-day official visit to Fiji, New Zealand, and Timor-Leste, highlighting significant diplomatic engagements.
- This trip is particularly noteworthy as it marks the first visit by an Indian Head of State to both Fiji and Timor-Leste.
Janet Yang Re-Elected Film Academy’s President
- Film producer Janet Yang has been re-elected for a third term as President of the Academy of Motion Picture Arts and Sciences.
- Her re-election was accompanied by the appointment of several new board officers to key positions within the Academy.
States News
Jharkhand Launches Mukhyamantri Maiyaan Samman Yojana
- The Jharkhand government, under Chief Minister Hemant Soren, has introduced a major welfare program aimed at empowering women in the state.
- The Mukhyamantri Maiyaan Samman Yojana, which will officially launch on August 16, 2024, aims to provide financial support to eligible women throughout Jharkhand.
Banking News
RBI Cancels Licenses of 78 UCBs Since 2014
- Since 2014, the Reserve Bank of India (RBI) has revoked the licenses of 78 Urban Cooperative Banks (UCBs).
- Maharashtra has experienced the most cancellations, with 36 UCBs losing their licenses, followed by Uttar Pradesh with 14 and Karnataka with 8.
- In 2024 alone, 10 UCB licenses were canceled, affecting banks in Maharashtra, Karnataka, Uttar Pradesh, Gujarat, Rajasthan, Assam, and Andhra Pradesh.
Economy News
India’s Fiscal Deficit Declines to 8.1% of Full-Year Estimate in Q1 FY25
- The Ministry of Finance announced that India’s fiscal deficit for the first quarter of FY25 stood at 8.1% of the full-year estimate, a substantial improvement from 25.3% in the same period last year.
- This significant reduction is due to increased tax collections and a higher surplus payment from the RBI, with the fiscal deficit reaching Rs. 1.36 lakh crore by the end of June 2024.
Ind-Ra Raises FY25 GDP Growth Forecast to 7.5%
- India Ratings & Research (Ind-Ra) has upgraded its forecast for India’s GDP growth in FY25 to 7.5%, up from the previous estimate of 7.1%.
- This revised forecast surpasses the RBI’s projection of 7.2% and the Finance Ministry’s Economic Survey estimate of 6.5-7%.
- The upward revision is attributed to anticipated improvements in consumption demand driven by government policies and increased capital expenditure.
Appointments News
DG SSB Daljit Singh Chawdhary Takes Over Additional Charge of Director General, BSF
- Daljit Singh Chawdhary, the Director General of Sahastra Seema Bal (SSB), assumed additional responsibilities as Director General of the Border Security Force (BSF) on August 3, 2024.
- As the world’s largest border-guarding force, the BSF’s new leadership under Chawdhary marks a significant development.
Summits and Conferences News
PM Inaugurates The 32nd International Conference of Agricultural Economists
- On August 3, 2024, Prime Minister Narendra Modi inaugurated the 32nd International Conference of Agricultural Economists (ICAE) at the National Agricultural Science Centre (NASC) Complex in New Delhi.
- The conference saw the participation of around 1,000 delegates from approximately 75 countries.
Important Days
Commemorating the 14th Indian Organ Donation Day
- India observed its 14th Indian Organ Donation Day on August 3, 2024.
- This annual event plays a crucial role in raising awareness about organ donation, honoring the generous contributions of deceased donors and their families, and dispelling myths surrounding the practice.
Sports News
Novak Djokovic Clinches First Olympic Gold Medal at the Paris 2024 Olympics
- Serbian tennis star Novak Djokovic won his first Olympic gold medal at the Paris 2024 Olympics.
- The 37-year-old athlete triumphed over Spain’s Carlos Alcaraz in a thrilling men’s singles final at Roland Garros, solidifying his legacy in tennis history.
Star Shooter Manu Bhaker Set To Be India’s Flagbearer In Closing Ceremony
- Two-time Olympic bronze medalist Manu Bhaker has been selected as India’s flagbearer for the closing ceremony of the Paris Olympics.
- The Indian Olympic Association (IOA) confirmed Bhaker’s role as the women’s flagbearer for the event.
Celebration of Paris Olympics 2024: India Releases Commemorative Postage Stamps
- In honor of the Paris Olympics, the Department of Posts will release a special set of commemorative postage stamps on August 5, 2024.
- The event, scheduled to take place at Rang Bhawan, All India Radio in New Delhi, celebrates sportsmanship, international unity, and India’s enthusiastic support for the Olympic movement.
Noah Lyles Wins U.S. Men’s 100-Meter Olympic Gold in 20 Years - American sprinter Noah Lyles won the gold medal in the men’s 100-meter race at the 2024 Paris Olympics.
- The race was one of the closest in Olympic history, with Lyles finishing just 0.005 seconds ahead of Jamaica’s Kishane Thompson.
- Lyles clocked a time of 9.784 seconds, narrowly beating Thompson’s 9.789 seconds, while Team USA’s Fred Kerley secured the bronze with a time of 9.81 seconds.
Obituaries News
Iconic Classical Dancer Yamini Krishnamurthy Passes Away
- On August 3, 2024, India mourned the loss of one of its most esteemed classical dancers, Yamini Krishnamurthy, who passed away at the age of 83 at Apollo Hospital in New Delhi.
- Renowned for her expertise in Bharatanatyam, Kuchipudi, and Odissi, Krishnamurthy was a luminary who significantly elevated Indian classical dance on the global stage.
