Daily Current Affairs Quiz28 August, 2025 National Affairs 1. NHAI Launches ‘Project Aarohan’ Source: PIB Context: The National Highways Authority of India (NHAI), in collaboration with Vertis Infrastructure Trust, has launched ‘Project Aarohan’ to promote educational opportunities for children of toll plaza employees. The initiative was inaugurated by NHAI Chairman Shri Santosh Kumar Yadav at NHAI Headquarters, New Delhi. Objective: Key Features of Project Aarohan: 2. Two Indian Startups Launch Satellites on SpaceX’s Falcon 9 Rocket Source: TOI Context: Two Indian space-tech startups successfully launched their satellites onboard SpaceX’s Falcon 9 rocket, marking another milestone for India’s growing private space industry. Key Highlights: About Falcon 9 Rocket: 3. Centre Extends PM SVANidhi Scheme Source: BS Context: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the extension and revamp of the Prime Minister Street Vendors AtmaNirbhar Nidhi (PM SVANidhi) scheme till March 31, 2030, with an outlay of ₹7,332 crore. Key Features of the Revamped Scheme: PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme About the Scheme: 4. India to Begin Testing Indigenous ‘Iron Dome’ Under Project Kusha Source: TOI Context: India will commence testing of new interceptor missiles in 2026 as part of Project Kusha, a key element of Mission Sudarshan Chakra (MSC) announced by Prime Minister Narendra Modi. The mission aims to provide a multi-layered air and missile defence shield for critical military and civilian assets by 2035. Key Highlights: 5. BioE3 (Biotechnology for Economy, Environment, and Employment) Policy Source: TH Context: The Union Minister of Science and Technology, Dr. Jitendra Singh, launched the BioE3 Challenge for Youth and India’s first National Biofoundry Network, marking one year of the BioE3 (Biotechnology for Economy, Environment, and Employment) Policy. BioE3 Policy The BioE3 Policy (Biotechnology for Economy, Environment and Employment) was launched by the Department of Biotechnology (DBT), Ministry of Science & Technology in 2024. It positions biotechnology as a driver of India’s economy, environmental sustainability, and job creation, aligning with the vision of Atmanirbhar Bharat. What is BioE3 Policy? The BioE3 Policy is a national biotechnology strategy aimed at: Objectives: Read more>> 6. India Introduces First-Ever Guidelines for Animal Blood Transfusion and Blood Banks Source: ET Context: The Department of Animal Husbandry and Dairying (DAHD), Government of India, has introduced the country’s first comprehensive guidelines for animal blood transfusion and the establishment of animal blood banks. Key Highlights: Significance: Banking/Finance 1. India May Become World’s 2nd-Largest Economy by 2038: EY Report Source: ET Context: According to the August 2025 issue of EY Economy Watch, India’s economic trajectory remains robust despite global uncertainties. The report projects India to emerge as the second-largest economy by 2038, supported by strong domestic fundamentals. Key Highlights of the Report: Significance: 2. Specialised Investment Funds (SIFs) Set to Debut in India as SEBI Issues First Approvals Source: BS Context: The Securities and Exchange Board of India (SEBI) has begun granting approvals for Specialised Investment Funds (SIFs), a new product category introduced in April 2025 to allow mutual funds (MFs) to deploy advanced strategies such as long-short equity and debt schemes. Key Highlights: Significance: 3. SEBI on Finfluencers Source: Mint Context: The Securities and Exchange Board of India (SEBI) recently raided the Avadhut Sathe Trading Academy amid allegations of unregistered investment advice, signalling a stricter approach towards “finfluencers” and investor training platforms operating outside regulatory frameworks. Key Highlights: Who are Finfluencers? 4. Government Appoints Goldman Sachs as Advisor for PSB Stake Sale Source: ET Context: The Government of India has appointed Goldman Sachs as the sole transaction advisor for stake dilution in four public sector banks (PSBs) — UCO Bank, Central Bank of India, Punjab & Sind Bank, and Indian Overseas Bank (IOB). What is Stake Dilution? Why is Stake Dilution in PSBs Important? 5. Tata AIA Launches ‘Health SIP’ and ‘Health Buddy’ for Integrated Health and Wealth Solutions Source: BL Context: Tata AIA Life Insurance has introduced Health SIP, a unit-linked health insurance plan (ULIP) that integrates health protection with wealth creation, alongside Health Buddy, a 24×7 virtual health companion. Key Highlights: What is Health SIP? 6. SEBI Proposes Reforms to Block Deal Framework to Enhance Transparency Source: ET Context: The Securities and Exchange Board of India (SEBI) has proposed reforms to the block deal framework to strengthen market transparency and prevent manipulation in large equity transactions. Key Highlights: Significance: 7. BharatPe Launches Unity Bank BharatPe Credit Card Source: BL Context: BharatPe, in partnership with Unity Small Finance Bank, has launched the Unity Bank BharatPe Credit Card on the NPCI RuPay network. The card aims to provide transparent, lifetime-free credit access with innovative features and flexibility for Indian consumers. Key Highlights: Facts To Remember 1. Stress in Small Finance Banks (SFBs) in Q1FY26 Small Finance Banks (SFBs) witnessed a sharp deterioration in profitability and asset quality in Q1FY26, primarily due to rising stress in small-ticket loans and MSME segments. 2. AIBOC opposes plan of central govt to privatise IDBI Bank TheAll-India Bank Officers Confederation has come out strongly against the Centres plan to privatise IDBI Bank, warning that such a step would undermine social justice, financial inclusion, and the countrys economic sovereignty. 3. Mizoram Assembly passes Bill to prohibit beggary The Mizoram Assembly on Wednesday (August 27, 2025) passed a Bill to prohibit beggery in the state amidst objections by opposition members. 4. India set to finalise General Electric deal for LCA Mark 1A engines Soon after the government cleared the ₹62,000-crore order for 97 additional LCA Tejas Mark 1A fighter jets, India is close to finalising a deal worth about $1 billion with U.S. firm General Electric (GE) for 113 GE-404 engines to power the indigenous aircraft. 5. ‘India set to be 2nd-largest economy’ India’s economy could reach $20.7 trillion in terms of purchasing power parity by 2030 and may emerge as the second-largest economy by 2038 with $34.2 trillion gross domestic product (GDP), an EY report said. 6. PM Modi to Engage Global Shipping CEOs at India Maritime Week 2025 India is preparing to host India Maritime Week in October 2025, aimed at