Daily Current Affairs 24th August 2025: Your guide for daily General Knowledge Preparation
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This post contains the daily current affairs 24th August 2025. It includes all National, International, Business & Sports related to Current Affairs 24th August 2025. 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 you to try 24th August, 2025 Current affairs test.
National News
- Centre Establishes Rajiv Gauba-Led Committees for Reforms & Viksit Bharat Vision
- The central government has set up two high-level panels chaired by Rajiv Gauba, consisting of senior secretaries, economists, and industry experts.
- One committee is dedicated to achieving the goals of Viksit Bharat, while the other focuses on implementing regulatory reforms in the non-financial sector.
- These bodies will function in coordination with ministerial groups headed by Amit Shah and Rajnath Singh.
- They will also align their work with a state-level deregulation panel chaired by Cabinet Secretary TVS Swaminathan.
- The initiative follows Prime Minister Narendra Modi’s Independence Day speech, which emphasized the need for transformative reforms.
- Kerala Declared India’s First Fully Digitally Literate State
- Kerala has become the first Indian state to achieve 100% digital literacy, completing Phase I of the Digi Kerala project.
- More than 21.87 lakh people, including senior citizens, were trained in basic digital skills.
- The program adopted a grassroots and inclusive approach, bridging the digital divide and enabling broader participation in e-governance and digital democracy.
- This achievement enhances citizens’ socio-economic resilience and establishes a model for Digital India, focusing on people-centered empowerment rather than infrastructure alone.
International News
- Trump Nominates Sergio Gor as US Ambassador to India & Special Envoy
- US President Donald Trump has appointed Sergio Gor as the next US Ambassador to India and Special Envoy for South and Central Asian Affairs.
- The appointment comes amid strained US-India ties over trade tariffs and oil imports from Russia.
- Gor, aged 38, is a political strategist, serving as the Director of Presidential Personnel and known as a trusted Trump loyalist.
- This dual-role appointment is unprecedented and has drawn close attention in New Delhi.
- The ambassadorial post had been vacant since January 2025, making this a significant diplomatic development.
Business News
- India Elected Chairman of AIBD Executive Board
- At the 23rd General Conference of the Asia-Pacific Institute for Broadcasting Development (AIBD) in Phuket, Thailand, India was elected Chairman of the Executive Board.
- This marks a major milestone, as India last held the position in 2016.
- Established in 1977 under UNESCO, AIBD includes 92+ member organizations across 45 countries.
- As a founding member, India will now play a stronger role in shaping regional broadcasting strategies under the theme “Media for People, Peace & Prosperity.”
- PM Modi to Inaugurate SEMICON India 2025 at Yashobhoomi
- Prime Minister Narendra Modi will inaugurate SEMICON India 2025 on 2nd September in New Delhi, marking the 4th edition of the event.
- Theme: “Building the Next Semiconductor Powerhouse.”
- The event will feature:
- 350+ exhibitors
- 50+ global CXOs
- 33 participating countries
- Organized by SEMI and India Semiconductor Mission (ISM) under MeitY, the exhibition will highlight India’s progress in:
- Semiconductor fabs
- Advanced packaging
- Artificial Intelligence
- Smart manufacturing
- Chip design innovation
- India’s Interest Payment Burden Nearly Tripled in 10 Years
- India’s interest payments on government debt are projected to rise to ₹12.76 trillion in FY26, nearly three times higher than a decade earlier.
- The increase is mainly due to high borrowing costs during the pandemic years.
- While bond yields have eased since FY24, repayments of earlier loans continue to push costs upward.
- Total government debt rose from ₹71 trillion (51.5% of GDP) in FY16 to an estimated ₹200 trillion (56.1% of GDP) in FY26.
- The government is adopting buybacks and bond-switch strategies to smooth repayment schedules and minimize rollover risks.
Appointments News
- Srinivasan K Swamy Re-Elected President of AAAI (2025-26)
- Srinivasan K Swamy, Executive Group Chairman of R K Swamy Ltd, has been re-elected as President of the Advertising Agencies Association of India (AAAI) for 2025-26.
- This is his fourth term, having earlier served from 2004 to 2007.
- His re-election coincides with the 80th anniversary of AAAI, underlining strong industry trust in his leadership.
- Jaideep Gandhi was elected Vice-President, while prominent leaders like Anupriya Acharya and Sam Balsara joined the board.
- Established in 1945, AAAI remains India’s apex body for advertising agencies.
- RBI Appoints Indranil Bhattacharyya to Monetary Policy Committee (MPC)
- The Reserve Bank of India (RBI) has appointed Indranil Bhattacharyya, Executive Director of the Monetary Policy Department, as an ex officio member of the MPC.
- He replaces Rajiv Ranjan ahead of the October 2025 monetary policy meeting.
- With over 28 years of experience in central banking, Bhattacharyya is considered an expert in monetary policy and inflation targeting.
- His role in the MPC will be crucial for interest rate decisions and ensuring economic stability.
Defense News
- India & France’s Safran to Jointly Manufacture Jet Engines for AMCA
- India has partnered with France’s Safran to co-develop and manufacture advanced jet engines for the Advanced Medium Combat Aircraft (AMCA), India’s fifth-generation indigenous fighter jet.
- The agreement was announced by Defence Minister Rajnath Singh.
- The new engine will deliver a thrust of 110 Kilo Newton, setting new benchmarks in global aviation technology.
- The project, backed by DRDO and approved by the Cabinet Committee on Security (CCS), forms part of a ₹15,000-crore program.
- The collaboration is expected to take about a decade and represents a major push toward self-reliance in aerospace and defense manufacturing.