Daily Current Affairs 08th July 2024

Daily Current Affairs 08th July, 2024: Your guide for daily General Knowledge Preparation

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This post contains important current affairs of 08th July, 2024. It includes all Major National, International, Business and Sports related current affairs of 08th July, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 08th July, 2024 Current affairs test.

National News

Judicial Commission Formed to Investigate Hathras Stampede

The Uttar Pradesh government has set up a three-member judicial commission to look into the stampede during a Satsang in Hathras on July 3, 2024, which resulted in 121 deaths.
The commission was established following a notification from Uttar Pradesh Governor Anandiben Patel.

Union Minister Piyush Goyal Announces Concessions in Licensing Fees

Union Minister Piyush Goyal has announced substantial reductions in licensing fees under the Petroleum and Explosives Safety Organisation (PESO).
Women entrepreneurs will benefit from an 80% reduction, while MSMEs will see a 50% reduction.
This move is aimed at encouraging more participation from women and MSMEs in the petroleum and explosives sectors, ensuring industry compliance and public safety.

States News

Jharkhand’s Mica Mines Declared Child Labour-Free by NCPCR

The National Commission for Protection of Child Rights (NCPCR) has declared the mica mines of Jharkhand free of child labor.
This declaration was made by NCPCR chairperson Priyank Kanoongo at an event in Koderma, marking the first successful effort to remove child labor from a supply chain in mica mining.

International News

Masoud Pezeshkian Elected Iran President: Implications for India

Masoud Pezeshkian, a veteran lawmaker and cardiac surgeon, has won Iran’s presidential election, defeating hardliner Saeed Jalili. Pezeshkian is known for his support of domestic and international reforms.
His election signals a move towards more pragmatic policies, although the entrenched power of hardliners and the ultimate authority of Supreme Leader Ayatollah Ali Khamenei may limit his ability to implement reforms.
Despite these challenges, Pezeshkian’s victory reflects a public desire for change following dissatisfaction with previous hardline policies.

Agreements News

Philippines and Japan Strengthen Security Ties with New Agreement

The Philippines and Japan have signed a new security agreement allowing easier entry for military forces into each other’s countries.
This agreement aims to strengthen their security relationship amid rising concerns in the Indo-Pacific region.

Appointments News

Elisa de Anda Madrazo Assumes FATF Presidency for 2024-2026

Elisa de Anda Madrazo from Mexico has taken over as the president of the Financial Action Task Force (FATF) for a two-year term from July 2024 to June 2026.
Her leadership is expected to bring a fresh perspective to the global financial watchdog, enhancing efforts to combat financial crimes and terrorism financing.

Defence News

India Unveils Indigenous Light Tank ‘Zorawar’

India has introduced the ‘Zorawar’ light tank, developed jointly by DRDO and Larsen & Toubro, to enhance military capabilities in high-altitude regions.
The tank, named after General Zorawar Singh, features advanced weaponry and protection systems, including a 105mm rifled cannon and composite modular armor.
It was designed within two years and will undergo extensive trials before potential deployment in areas such as Ladakh, Sikkim, or Kashmir.

Business News

ADB and AHFL Partner to Expand Housing Loans for Low-Income Women

The Asian Development Bank (ADB) has signed a $60 million financing agreement with Aadhar Housing Finance Limited (AHFL) to provide housing loans to women in India.
Half of the funds will be allocated to states like Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh, and West Bengal, targeting the low-income and affordable housing segment.

Summits and Conferences News

NATO Summit: Biden Hosts Historic Meeting with Strong Support for Ukraine

President Joe Biden will host the NATO summit in Washington, DC, from July 9 to 11, marking a significant moment for the alliance with Sweden joining as a new member.
The summit aims to reinforce support for Ukraine, with anticipated announcements on military, political, and financial aid.
This meeting commemorates NATO’s 75th anniversary, emphasizing its role in Euro-Atlantic security and collective defense against evolving threats.

Sports News

Lewis Hamilton Wins the British Grand Prix 2024

Lewis Hamilton has clinched victory at the 2024 British Grand Prix, becoming the first F1 driver to win on any track nine times and extending his F1 record to 104 wins.
His last win was at the Saudi Arabian GP in December 2021.
Red Bull’s Max Verstappen finished 1.465 seconds behind, maintaining his overall lead by 84 points, while McLaren’s Lando Norris secured third place.

Schemes and Committees News

Ministry of Culture Initiates Project PARI for the 46th World Heritage Committee Meeting

The Ministry of Culture has launched Project PARI (Public Art of India), executed by Lalit Kala Akademi and the National Gallery of Modern Art.
This project aims to merge India’s ancient artistic heritage with modern themes and techniques, celebrating its rich cultural and spiritual diversity.

Important Days

World Kiswahili Language Day 2024, Date, Theme, History and Significance

World Kiswahili Language Day will be celebrated on July 7th, 2024, at UNESCO Headquarters in Paris.
The theme for this year is “Kiswahili: Education and Culture of Peace,” highlighting the language’s role in promoting cross-cultural understanding and harmony.