Current affairs One Liner: 08-August-2025

  1.  The Union Budget for 2025-26 has increased funding for the Ministry of Culture and Tourism, focusing on enhancing heritage infrastructure with advanced technologies and community engagement.
  2. MoFPI implements key central and centrally sponsored schemes including PMKSY, PLISFPI, and PMFME to promote food processing infrastructure and support rural food entrepreneurs.
  3. Under the Pradhan Mantri Kisan SAMPADA Yojana, 1,133 food processing projects have been completed nationwide, benefiting over 34 lakh farmers and reducing post-harvest losses.
  4. Atal Bhujal Yojana is implemented in 229 blocks across seven states to promote community-led groundwater management, showing improvement in 83 blocks as of March 2025.
  5. The Government of India has taken multiple measures to improve credit flow, liquidity, and support for MSMEs through an increased Credit Guarantee corpus, new funds, and digital platforms for dispute resolution.
  6. The Government of India notified a pan-India scheme ensuring cashless medical treatment up to ₹1.5 lakh per road accident victim for 7 days at designated hospitals.
  7.  The National Scheduled Tribes Finance and Development Corporation (NSTFDC) extends concessional financial assistance to eligible Scheduled Tribe individuals for self-employment and income generation activities under various schemes.
  8. The Union Cabinet approved ₹30,000 crore as budgetary support to Indian Oil, Bharat Petroleum, and Hindustan Petroleum to cover losses from subsidised LPG supplies amid high international prices.
  9. The government extended the PM E-Drive scheme by two years to March 31, 2028, continuing subsidies for electric buses, trucks, and ambulances, while incentives for electric two- and three-wheelers end in March 2026.
  10. The Union Cabinet sanctioned ₹2,157 crore for the expansion and improvement of highways in Tamil Nadu to boost regional connectivity and safety.
  11. The Indian government plans to develop nearly 97 GW of coal and lignite-based thermal power capacity to ensure energy security and stable electricity supply amid rising demand.
  12. Moody’s Investors Service warned that proposed or existing tariffs by the U.S. could significantly harm India’s manufacturing sector and decelerate overall economic growth.
  13. India’s ongoing and proposed FTAs with the EU and UK may enable it to capture a substantial portion of the $875 billion worth of imports currently sourced from China, according to a Boston Consulting Group (BCG) analysis.
  14. India’s life insurance industry registered a 22% increase in New Business Premium (NBP) in July 2025, driven by strong performance from the Life Insurance Corporation (LIC) and private insurers.
  15. Public sector banks in India, spearheaded by the State Bank of India, posted a collective profit of Rs. 44,218 crore in the first quarter of FY26, marking an 11% increase compared to the previous year.
  16. The Government e Marketplace (GeM) platform achieved a record ₹5.4 trillion GMV in FY25, strengthening transparent and inclusive government procurement by engaging startups, artisans, women-led enterprises, and micro and small enterprises (MSEs).
  17. Prime Minister Narendra Modi’s monthly radio programme “Mann Ki Baat” has generated ₹34.13 crore in revenue since its launch in 2014, highlighting its popularity and outreach.
  18. The Government of India sanctioned ₹12,000 crore as a targeted subsidy budget for LPG support under the PM Ujjwala Yojana scheme for the fiscal year 2025-26.
  19. The US President successfully mediated a peace treaty between Armenia and Azerbaijan at the White House Summit, alongside the announcement of the ‘Trump Route’ transit corridor to boost regional connectivity.
  20. Teenager Kayla Mboko created a major upset by defeating former Grand Slam champion Naomi Osaka to claim the Canadian Open tennis title in 2025.
  21. The Swaminathan Award has been announced to honour significant contributions in the field of food and nutrition security, supporting India’s goal of sustainable agriculture.
  22. August Kranti Day, observed on 8 August 2025, marks the anniversary of Mahatma Gandhi’s Quit India Movement launched in 1942, a crucial episode in India’s struggle for independence.
  23. James Lovell, famed commander of the Apollo 13 moon mission, passed away at the age of 97, leaving behind a legacy of leadership in human space exploration.

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