Daily Current Affairs Quiz6 August, 2025 National Affairs 1. Cloudburst Context: The recent tragic cloudburst in Uttarkashi (Uttarakhand), which devastated the village of Dharali and surrounding areas, is a stark reminder of how climate change is intensifying natural disasters in India. What is a Cloudburst? A cloudburst is an extremely intense rainfall event over a small area within a short duration. As per the India Meteorological Department (IMD), it is defined as rainfall exceeding 100 mm per hour across an area of 20–30 sq km. However, a 2023 study by IIT Jammu and the National Institute of Hydrology (NIH) redefined this as rainfall of 100–250 mm/hour concentrated in just 1 sq km, making it one of the most hyper-local and destructive meteorological phenomena. Why Are Himalayan Regions More Vulnerable? Scientific Causes and Climate Link Impacts of Cloudbursts Challenges in Forecasting Cloudbursts IE 2. Moldova Becomes 107th Member of International Solar Alliance (ISA) Context: The Republic of Moldova has officially joined the International Solar Alliance (ISA), becoming its 107th member country. Key Highlights: About the International Solar Alliance (ISA) Key Focus Areas of ISA 3. Ayurveda Aahara Preparations Context: The Food Safety and Standards Authority of India (FSSAI), in collaboration with the Ministry of Ayush, has released a detailed list of food items classified under Ayurveda Aahara. This development aligns traditional Ayurvedic wisdom with modern food safety regulations. What is Ayurveda Aahara? Significance and Impact TH 4. BrahMos Supersonic Cruise Missile Context: Following the operational success of Operation Sindoor, the Indian Navy and Air Force are moving ahead with large-scale acquisition of BrahMos supersonic cruise missiles. The move highlights the missile’s exceptional performance, precision strike capabilities, and deterrence value particularly in the context of cross-border engagements. About BrahMos Supersonic Cruise Missile: Joint Development Key Features What is Supersonic? (Mach 1 to Mach 5) What is Hypersonic? TOI Banking/Finance 1. Bank of Baroda Unveils bob FxOne Context: Bank of Baroda has launched “bob FxOne”, a digital foreign exchange platform, for its corporate and MSME customers. Key Features What is a Foreign Exchange Platform? A foreign exchange platform is: Key Functions TET 2. RBI Removes Prior Approval Requirement for Special Rupee Vostro Accounts (SRVAs) Context: The Reserve Bank of India has amended the procedure for opening Special Rupee Vostro Accounts (SRVAs), aiming to promote trade settlement in INR and ease compliance for banks. Key Highlights: About Special Rupee Vostro Accounts (SRVAs) Significance BS 3. PFRDA Launches Modernized Website Under ‘PFRDA CONNECT’ Initiative Context: The Pension Fund Regulatory and Development Authority (PFRDA) unveiled its revamped and modernized website under the PFRDA CONNECT initiative. Key Highlights: Features of the New Website Significance PIB 4. IDFC FIRST Bank and IndiGo Launch Dual Credit Card with Shared Limit Context: IDFC FIRST Bank and IndiGo Airlines have jointly launched the IndiGo IDFC FIRST Dual Credit Card, featuring two cards (Mastercard and RuPay) under one shared credit limit. Key Highlights: Significance Mint 5. Promoting Financial Literacy and Borrower Protection in Rural India: Initiatives by NABARD and RBI Context: To foster financial inclusion and literacy among rural populations, including microfinance borrowers, the Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD) have launched several targeted initiatives. These efforts aim to improve digital and financial awareness, ensure borrower protection, and streamline access to credit, especially in underserved areas. Key Financial Literacy Initiatives 1. Financial & Digital Literacy Camps (NABARD): 2. Centre for Financial Literacy (CFL) Project (RBI): 3. Village Level Programmes (VLPs): Microfinance Sector Reforms and Credit Access 1. Revised Definition of Microfinance Loan (RBI): 2. Greater Flexibility in Loan Usage: Borrower Protection Measures 1. Repayment Cap to Prevent Over-Indebtedness: 2. Recovery Safeguards: 3. Interest Rate Regulation and Transparency: Role of Industry SROs and Credit Information Systems 1. Self-Regulatory Organizations (SROs): 2. Credit Information Reporting: TET Agriculture 1. Farmers’ Library Inaugurated in Ludhiana Context: In a significant step to empower farmers with scientific knowledge and improve farm productivity, a Farmers’ Library was inaugurated at Mushkabad FAM Dairy Producer Company Limited in Ludhiana, Punjab. The initiative is part of a NABARD-funded research project aimed at promoting Farmer Producer Organizations (FPOs) in the dairy sector. Key Highlights: Project Details What is a Farmer Producer Organization (FPO)? A Farmer Producer Organization (FPO) is a legal entity formed by farmers to collectively engage in agricultural and allied activities, aiming to improve their income, market access, and bargaining power. Key Features of FPOs Objective IE 2. TraceX Technologies Launches Agentic AI Tool Context: With the European Union’s Deforestation Regulation (EUDR) set to come into effect from December 2025, TraceX Technologies, a Bengaluru-based agrifood and climate tech start-up, has launched an Agentic AI-powered tool to automate compliance processes for exporters. What is the EU Deforestation Regulation (EUDR)? Core Features of TraceX’s Agentic AI Tool BL Facts To Remember 1. Govt. can issue national IDs to citizens: Centre The Lok Sabha was recently informed that the Citizenship Act, 1955 provides that the Union government should compulsorily register every citizen of India and issue national Identity Cards to them. 2. Rajiv Anand appointed MD and CEO of IndusInd Bank IndusInd International Holdings Ltd. (IIHL), the holding company of IndusInd Bank, has appointed Rajiv Anand as the Managing Director and CEO of the bank, according to a statement from the company’s Chairman Ashok Hinduja.  3. Lok Sabha Passes Bill for ST Quota in Goa Assembly Amid a prolonged protest by Opposition MPs over the Special Intensive Revision (SIR) of electoral rolls in Bihar, the Lok Sabha passes bill for ST Quota in Goa Assembly. The aim is to provide reservations to Scheduled Tribes (STs) in the Goa Legislative Assembly. 4. Doordarshan Aims to Promote Regional Languages and Culturally Rich Programs Prasar Bharati Chairman, Navneet Kumar Sehgal, said that the endeavour of Doordarshan is to promote regional languages and produce culturally rich family programs.  5. India-New Zealand hold inaugural defence strategic dialogue in New Delhi to strengthen bilateral cooperation The inaugural ‘India-New Zealand Defence Strategic Dialogue’ was held in New Delhi to discuss security perspectives and further bolster