Daily Current Affairs Quiz22 August, 2025 National Affairs 1. India’s Green Hydrogen Potential: FICCI–EY Joint Report Context: A joint report by FICCI and EY emphasizes that India could capture 10% of the global green hydrogen market by overcoming cost and infrastructure barriers, aligning with its net-zero ambitions. What is Green Hydrogen? India’s Current Initiatives: Key Challenges: Recommendations from Report: 2. India’s Need for a National Space Law Context: India is set to celebrate its second National Space Day on 23 August. Despite major milestones like Chandrayaan-3 and the upcoming Gaganyaan mission, the country lacks a comprehensive national space legislation to regulate private participation and commercial use of outer space. What is Space Law? Key Principles of Outer Space Treaty (OST), 1967 Why India Needs a National Space Law Global Practices TH 3. 18th International Earth Science Olympiad (IESO) 2025 Context: Rayansh Gupta from Ludhiana won 1 Gold and 1 Silver medal at the 18th International Earth Science Olympiad (IESO 2025) held in Jining, China. About IESO 2025: India’s Performance: 4. India’s Draft Climate Finance Taxonomy Context: The Ministry of Finance released India’s draft Climate Finance Taxonomy for public consultation in May 2025. About the Draft Taxonomy: Key Features: Banking/Finance 1. SEBI’s Proposal to Regulate Grey Market & Pre-Listing Trading Context: The Securities and Exchange Board of India (SEBI) is exploring the creation of a regulated venue for pre-listing trading of company shares to bring transparency to the grey market and aid in fair price discovery. What is it? A formal SEBI-supervised platform allowing the trading of shares of unlisted companies before their Initial Public Offering (IPO). It aims to replace the opaque grey market with a transparent, legal system. Objectives About the Grey Market Significance of SEBI’s Move ET 2. RBI Discussion Paper on Flexible Inflation Targeting (FIT) Framework Context: The Reserve Bank of India (RBI) has released a discussion paper reviewing India’s Flexible Inflation Targeting (FIT) framework, questioning whether the current 4% inflation target continues to be optimal for balancing growth and price stability in a rapidly growing emerging economy. Background Flexible Inflation Targeting (FIT) Flexible Inflation Targeting (FIT) is a monetary policy framework adopted by central banks, including the Reserve Bank of India (RBI), to control inflation while supporting economic growth. Key Features: Significance: BS 3. Dynamic Asset Allocation Active Fund of Funds (FoF) Context: SBI Mutual Fund (MF) has introduced a new Dynamic Asset Allocation Active Fund of Funds (FoF) to offer investors a diversified investment solution that adapts to changing market conditions. Objective: Provide investors with a convenient one-fund solution by leveraging multiple actively managed equity and debt strategies. Dynamic Asset Allocation Active Fund of Funds (FoF) Dynamic Asset Allocation Active Fund of Funds (FoF) is a type of investment strategy in the mutual fund space that dynamically manages investments across different asset classes (equity, debt, gold, etc.) by investing primarily in other mutual funds rather than directly in securities. Key Features: BS 4. SEBI Looks to Promote Long-Tenure Derivatives Context: The Securities and Exchange Board of India (SEBI) is considering measures to extend the tenure of derivative (Futures & Options – F&O) contracts. This move comes amid growing concerns that weekly options trading has become excessively speculative, with data showing that nearly 90% of retail traders incur losses in this segment. Key Highlights: Long-Tenure Derivatives Long-Tenure Derivatives are financial contracts in the derivatives market with a longer duration until expiry, as opposed to short-term or weekly contracts. These derivatives allow investors and institutions to hedge risks or make investments over a longer horizon, rather than engaging in rapid speculative trades. A derivative is a financial contract whose value is derived from an underlying asset, such as a stock, commodity, bond, or currency.  Key Features: TOI 5. AU Small Finance Bank Launches UPI Services for NRE/NRO Accounts Context: AU Small Finance Bank (AU SFB) has enabled UPI services for NRE and NRO account holders using international mobile numbers, in line with NPCI’s directive. NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts are bank accounts for Non-Resident Indians (NRIs) to manage their finances in India. Key Highlights: About AU Small Finance Bank (AU SFB) BL 6. IndiGo & IDFC FIRST Bank Launch Dual-Network IndiGo IDFC FIRST Credit Card Context: IndiGo and IDFC FIRST Bank have jointly introduced the IndiGo IDFC FIRST Credit Card, a premium co-branded product offering both Mastercard and RuPay networks under one application. This innovation aims to democratise premium travel benefits, improve payment flexibility, and strengthen IndiGo’s BluChip loyalty program. Key Features & Benefits: Mint Facts To Remember 1. Dal Lake hosts first-ever Khelo India water games with eye on Olympics The picturesque and iconic Dal Lake in Srinagar on Thursday hosted the first-ever races under rowing, kayaking, and canoeing categories under the Khelo IndiaWater Sports Festival, with an eye on improving the rank in water sports at the Olympics in the coming years. 2. SpaceX took oxygen leak in rocket ‘lightly’: ISRO chief The Chairman of the Indian Space Research Organisation (ISRO), V. Narayanan, Sweden will host a NATO logistics headquarters in Enkoping, northwest of Stockholm, to troop movements in Northern Europe, the government said said the Falcon 9 rocket team that launched Indian astronaut Group Captain Shubhanshu Shukla to the International Space Station (ISS) took the pre-launch leak in the oxidiser line to one of the engines “lightly”. 3. Sweden to host NATO troops, logistics base Sweden will host a NATO logistics headquarters in Enkoping, northwest of Stockholm, to troop movements in Northern Europe, the government said. 4. Tapsya showcases her potential to clinch gold Tapsya Gahlawat is proud to have fulfilled her late grandfather’s wish as she gave a good account of her potential to clinch a gold medal in the World under-20 wrestling championships at Samokov, Bulgaria. 5. Maharashtra Tops Payouts Under PMFBY (2022-25) Maharashtra has emerged as the top recipient of payouts under the Centre’s flagship crop insurance scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY), highlighting the continuing importance of agriculture in India’s most industrialized state. 6. World Orangutan Day August 19th World