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

International News

Nobel Laureate Muhammad Yunus To Lead Bangladesh Interim Government

Bangladesh’s Nobel laureate Muhammad Yunus will head the country’s interim government after former Prime Minister Sheikh Hasina stepped down and fled the country amid a mass uprising against her rule led mostly by students. The announcement early on August 7, came from 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 achieved a significant milestone by exporting India’s first GI-tagged fig juice to Poland. This follows the successful export of India’s 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 unveiled the Maitri Research and Cultural Partnerships Grants. These grants, aimed at fostering Australia-India collaboration, encompass sustainable manufacturing, energy transition research, and artistic projects. Minister Penny Wong praised the initiatives for strengthening bilateral ties, emphasizing the importance of human connections in the relationship.

States News

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

In a significant stride towards rejuvenating and conserving the sacred River Ganga, the Government of India has successfully completed and operationalized four major projects under the Namami Gange Mission 2.0 in the first quarter of fiscal year 2024-25. These initiatives located across the mainstream of the river Ganga in Bihar and Uttar Pradesh, are pivotal in the ongoing efforts to curb pollution and enhance the ecological health of the Ganga and its tributaries.

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

In a significant judgment, the Madras High Court has declared Section 77-A of the Registration Act, 1908 unconstitutional. This ruling has far-reaching implications for property registration and ownership rights in Tamil Nadu. Section 77-A, introduced to the Central enactment by way of a 2022 State amendment, granted District Registrars the power to cancel documents related to immovable property if they were found to have been registered through fraud or on submission of forged revenue records.

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

On August 4, 2024, Haryana Chief Minister Nayab Singh Saini made a historic announcement that could reshape agricultural policy in India. The state government declared its intention to purchase all crops at the Minimum Support Price (MSP), making Haryana the first state in the country to implement such a comprehensive MSP policy. This bold move comes at a crucial time, just ahead of the upcoming Assembly elections, and is seen as a strategic effort to regain political ground following the ruling party’s disappointing performance in the recent Lok Sabha elections.

Appointments News

Lt Gen Vikas Lakhera Assumes Charge as Assam Rifles Director General

On Thursday, a significant change in leadership took place as Lt General Vikas Lakhera assumed charge as the new Director General of the Assam Rifles, an organization fondly known as the “Sentinels of the Northeast”. This transition marks a new era for the paramilitary force that has long been crucial to maintaining peace and security in India’s northeastern region.

Dinesh Karthik, A New Ambassador for SA20 League

In a move that bridges the cricketing worlds of India and South Africa, former Indian wicketkeeper-batsman Dinesh Karthik has been named the brand ambassador for the SA20 League. This appointment marks a significant step in the league’s efforts to expand its global reach and solidify its position in the competitive landscape of T20 cricket.

Government Appoints Challa Sreenivasulu Setty as SBI Chairman

On August 6, 2024, the Appointments Committee of the Cabinet (ACC) approved the appointment of Challa Sreenivasulu Setty as the Chairman of the State Bank of India (SBI). Setty, currently the senior-most Managing Director (MD) of SBI, will assume the role on August 28, 2024, succeeding Dinesh Kumar Khara, who will retire upon reaching the age limit of 63 for the position.

Banking News

Capital Small Finance Bank and Edelweiss Life Partner for Bancassurance

Capital Small Finance Bank (CSFB) and Edelweiss Life Insurance have joined forces in a bancassurance tie-up. This strategic partnership allows CSFB’s 177 branches to offer Edelweiss Life’s insurance products, enhancing CSFB’s financial solutions and expanding Edelweiss Life’s reach.

Economy News

Govt Reverses Decision: Indexation Benefits Restored For LTCG Tax

The government has reversed its controversial decision to remove indexation benefits for long-term capital gains (LTCG) tax on property sales. Taxpayers now have a choice 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 after failing to meet weight requirement for her 50 kg gold medal. As per the report, Phogat was reportedly over the permissible weight limit by just 100 grams, which may lead to her disqualification. According to competition rules, she will not be eligible for 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

On August 7, 2021, Neeraj Chopra etched his name in history by winning India’s first-ever Olympic gold medal in track and field. His historic javelin throw of 87.58 metres not only secured the gold but also made him the second Indian to win an individual Olympic gold, following Abhinav Bindra.