Daily Current Affairs Quiz27 August, 2025 National Affairs 1. Early Childhood Care and Education (ECCE) Reforms Source: TH Context: Early childhood care and education (ECCE) has emerged as a national priority under Prime Minister Narendra Modi’s vision for a “Viksit Bharat.” Recognising that 85% of brain development occurs before the age of six (NEP 2020), the government has transformed Anganwadi Centres into hubs for holistic learning and parental engagement through key initiatives like Poshan Bhi Padhai Bhi and Navchetna. Key Initiatives: Poshan Bhi Padhai Bhi Aadharshila – National Curriculum for ECCE (3-6 years) Navchetna – National Framework for Early Childhood Stimulation (0-3 years) 2. National Cooperative Policy, 2025 Context: The National Cooperative Policy, 2025, launched by Union Home and Cooperation Minister Amit Shah in July, has triggered a strong backlash from Kerala, a State with a deep-rooted cooperative movement. The policy has intensified Centre-State tensions over cooperative federalism and the constitutional division of powers. What is it? Objectives: Read more>> 3. Adi Karmayogi Initiative Source: TH Context: The Ministry of Tribal Affairs has launched the Adi Karmayogi initiative to build a cadre of 20 lakh “change leaders” in tribal villages under the Dharti Aba Janjatiya Gram Utkarsh Abhiyaan for last-mile delivery of welfare schemes. Key Highlights: 5. SAMARTH Panchayat Portal Context: The Centre is set to launch SAMARTH Panchayat, a dedicated digital platform to track and manage tax and non-tax revenues of Panchayats, aiming to bring transparency, efficiency, and self-reliance to local governance. Source: Mint Key Highlights: 6. National Designated Authority (NDA) for Carbon Emissions Trading Source: TH Context: The Ministry of Environment, Forest and Climate Change has set up a National Designated Authority (NDA) as mandated under Article 6 of the Paris Agreement (2015) to facilitate a carbon emissions trading mechanism. Key Highlights: Carbon Emissions Trading Carbon emission trading, also known as cap-and-trade, is a market-based mechanism to reduce greenhouse gas (GHG) emissions. It allows countries, companies, or entities to buy and sell emission allowances or credits within a regulated framework. Banking/Finance 1. Framework to Simplify Transfer of Unclaimed Shares and Dividends Source: BS Context: The Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI) are jointly developing a framework to streamline the transfer and claim process for unclaimed shares and dividends. Key Highlights: Significance: A unified framework will make the recovery of unclaimed financial assets easier, reduce investor grievances, and boost trust in capital markets. 2. RBI’s FREE-AI Framework Source: The Economic Times Context: A recent report by the Reserve Bank of India (RBI) introduced a comprehensive framework, termed FREE-AI (Framework for Responsible and Ethical Enablement of Artificial Intelligence), to govern AI usage in the financial sector. What Is the RBI’s FREE-AI Framework? The FREE-AI Framework (Framework for Responsible and Ethical Enablement of Artificial Intelligence) is a strategic initiative by the Reserve Bank of India (RBI), introduced in August 2025. It aims to guide the ethical, transparent, and inclusive deployment of AI across India’s financial sector. Core Principles (“Seven Sutras”): The framework is built upon seven foundational principles meant to balance innovation with ethical safeguards: Six Strategic Pillars with Actionable Recommendations To support these principles, the framework lays out 26 actionable measures under six categories: A. Innovation Enablement B. Risk Mitigation 3. Malaysia Launches Ryt Bank: First AI-Powered Digital Bank Context: Malaysia has launched Ryt Bank, the country’s and world’s first AI-powered digital bank, developed by YTL Group in collaboration with Sea Limited, ahead of its Independence Day (Merdeka). Key Highlights: 4. PhonePe Launches Affordable Home Insurance Product in India Source: BS Context: On August 25, 2025, PhonePe announced the launch of its home insurance product line, aimed at providing a simple, affordable, and fully digital solution for homeowners to protect their properties. Key Highlights: Agriculture 1. SAMARTH Mission (Sustainable Agrarian Mission on Use of Agri Residue in Thermal Power Plants) Source: BS Context: India is promoting biomass co-firing in coal-fired thermal power plants to tackle rural distress, air pollution, and the transition to cleaner energy. The initiative is driven under the Ministry of Power’s SAMARTH Mission (Sustainable Agrarian Mission on Use of Agri Residue in Thermal Power Plants). About: Objectives: Key Features: Significance: Facts To Remember 1. Launch of Maruti Suzuki’s First Made-in-India Battery Electric Vehicle (BEV) – e Vitara Maruti Suzuki has commenced production of its first Battery Electric Vehicle (BEV), e Vitara, at its Suzuki Motor Gujarat Private Ltd. plant. The first batch will be exported to Europe in August 2025, marking India’s entry into mass-scale electric vehicle exports. 2. Three Indians take silver; Koyel scripts youth record India’s elite lifters could not rise to expectations as Raja Muthupandi (65kg, men), Sneha Soren (53kg, women) and Bindyarani Devi (58kg, women) finished second best in the Commonwealth weightlifting championships at the Veer Savarkar Sports Complex, Naranpura. 3. Sift hits the bull’s eye as India continues gold rush at Asians World record holder and Asian Games champion Sift Kaur Samra beat Yang Yujie of China by 0.4 point to cinch the gold, after topping qualification with 589, in the rifle 3-position event in the 16th Asian shooting championship in Shymkent, Kazakhstan. 4. Nabfid & Nabard Plan Overseas Fundraising by FY26 The National Bank for Financing Infrastructure and Development (Nabfid) and the National Bank for Agriculture and Rural Development (Nabard) are preparing to tap international debt markets for the first time by FY26 to diversify funding sources and meet long-term financing needs.