7th August CURRENT AFFIRES

1.National:

- Presidential Visit: President Droupadi Murmu concludes her historic visit to Fiji, strengthening bilateral ties and signing key agreements, which are... "Fiji-India Friendship Treaty" (FIIFT), "Pacific Island Nations Cooperation Agreement" (PINCA), "South Pacific Economic Partnership" (SPEP),"Cultural Exchange Program" (CEP)

- Olympic Success: Indian athletes shine at the Paris Olympics, with Neeraj Chopra and Vinesh Phogat reaching the finals in their respective events.

- Farmers' Empowerment: PM-Kusum Yojana benefits over 4 lakh farmers under  Kisan Kalyan Abhiyan" (KKA) , promoting sustainable agriculture practices and enhancing rural livelihoods.

- Make in India: The government launches a new "Atmanirbhar Bharat Abhiyan" (ABA), initiative to boost domestic manufacturing and reduce dependence on imports.this initiative includes  - "Make in India 2.0" (MI2),"Self-Reliance in Defence Manufacturing" (SRDM), "Indigenous Technology Development" (ITD), "Export-Led Growth Strategy" (ELGS)

2.International

- BIMSTEC Summit: India hosts the BIMSTEC Business Summit, fostering regional cooperation and economic growth among member nations. Bangladesh - Bhutan - India- Myanmar - Nepal - Sri Lanka - Thailand

- Global Economic Downturn: Global markets experience a downturn, sparking concerns about recession and economic instability. the calculation range of changes A projected GDP decline of 2.5% in the next quarter, A 15% drop in global trade volumes  , A 20% increase in unemployment rates

- US-China Trade Talks: The US and China engage in trade talks on  Tariff reductions- Market access expansion,Intellectual property protection, Technology transfer agreements, aiming to resolve ongoing tensions and promote bilateral trade.

- EU Sanctions on Belarus: The European Union imposes sanctions on Belarus over human rights abuses and political repression... Key government officials State-owned enterprises - The energy and financial sectors - Restrictions on arms exports and dual-use goods

3.State

- Haryana's MSP Initiative: Haryana becomes the first state to procure all crops at the Minimum Support Price,under  "Haryana Kisan Suraksha Yojana" (HKSY) Scheme, supporting farmers and ensuring fair prices.- Procurement of all crops at MSP   - Direct payment to farmers,- Increased storage capacity- Enhanced market access

Appropriation Bill: Lok Sabha passes the Appropriation Bill for the financial year 2024-25, allocating funds for various sectors and initiatives, including..₹1.5 lakh crore for infrastructure development,₹50,000 crore for healthcare and education, ₹30,000 crore for rural development and agriculture , ₹20,000 crore for defense and national security

Economic Growth Plans :The government announces plans to boost economic growth and create jobs through infrastructure development, focusing on Building 10,000 km of new highways, Developing 100 new industrial clusters ,Enhancing port connectivity and logistics, Promoting tourism and hospitality infrastructure

RBI Interest Rates:The RBI keeps interest rates unchanged, aiming to balance inflation and economic growth, with Repo rate maintained at 6.5%, Reverse repo rate maintained at 6.0% Cash reserve ratio (CRR) maintained at 4.0%

Digital Payments Push:

 The government launches a new initiative, "Digital India Payments" (DIP), to promote digital payments and enhance financial inclusion, offering Incentives for merchants and consumers, Expansion of payment infrastructure,Simplified KYC norms,Enhanced cybersecurity measures

5.Polity

Governance and Transparency:The government aims to enhance governance and transparency through the "Good Governance Initiative" (GGI), which includes measures such as:

6.Science and Technology

Lunar Mission:ISRO announces plans for a new lunar mission, "Lunar Exploration and Resource Utilization Mission" (LERUM), focusing on Resource utilization, including helium-3 mining and water ice extraction- Exploration of the lunar south pole and equatorial regions, Deployment of a lunar rover and lander, Conducting scientific experiments and gathering data

AI Research Initiative;The government launches the "Artificial Intelligence Research and Development Initiative" (AIRDI), a new initiative to promote research and development in the field of artificial intelligence, focusing on: Developing indigenous AI technologies,Enhancing AI research and development infrastructure, Encouraging collaboration between academia and industry, Fostering innovation and entrepreneurship in AI

Night Sky Sanctuary:India's first-ever Night Sky Sanctuary is set up in Ladakh, promoting astronomy and astrotourism through, Designation of a 100 km radius as a dark sky reserve, Establishment of observatories and telescope facilities, Organization of stargazing events and astronomy workshops, Promotion of eco-tourism and sustainable tourism practices

Technology in Healthcare:The government announces plans to enhance the use of technology in healthcare and education through the "Digital Health and Education Mission" (DHEM), focusing on,Deployment of telemedicine and e-health services,Development of AI-powered diagnostic tools, Implementation of electronic health records, Enhancement of digital literacy and online education platforms

7.Environment

Climate Action :India emphasizes the need for collective action on climate change through the "Climate Action Initiative" (CAI), promoting Sustainable practices, such as reducing energy consumption and carbon emissions, Renewable energy sources, like solar and wind power,Climate-resilient infrastructure and urban planning, International cooperation and knowledge sharing

Afforestation Drive:The government launches the "Green India Mission" (GIM), a new initiative to promote afforestation and enhance forest cover by, Planting 2.5 billion trees across the country,Restoring degraded forests and promoting sustainable forest management, Engaging local communities and stakeholders in afforestation efforts, Monitoring and evaluating the impact of afforestation on biodiversity and climate change

UN Climate Report

Waste Management