August 12- Key Highlights You Need to Know- Daily Current Affairs -

Table of Contents

National Appointments & Recognitions

Capacity Building Commission: S. Radha Chauhan has been appointed as Chairperson, replacing Adil Zainulbhai.
Brand Endorsement: Shahrukh Khan is the new brand ambassador for Zomato.

BEML Investment: ₹1,800 crore rail coach manufacturing hub to be set up in Madhya Pradesh.
BSNL Partnerships: Agreements with Ericsson, Qualcomm, Cisco, and Nokia to enhance AI, ML, networking, and digital skills. Training at BRBRAITT, Jabalpur; phase one investment over ₹1 crore.

First Anti-Drone State: Punjab becomes the first state to deploy anti-drone systems to counter smuggling.
Indian Navy Project 17A: Seven Nilgiri-class frigates under construction. On 26th August 2025, Udaygiri (MDL) and Himgiri (GRSE) will be commissioned in Visakhapatnam.

Banking: ICICI Bank increases minimum monthly average balance for metro/urban savings accounts. RBI fines ICICI Bank ₹75 lakh for violating current account norms.
Partnerships: Bajaj Allianz Life Insurance with Jio Financial Services; ICICI Lombard with Mahindra Finance for motor insurance; TCS with Now Telecom (Philippines) for digital infrastructure.
Acquisition: Edmen Insurance Brokers acquires the Indian arm of UIB International.
IndusInd Bank: Launches “Indus Start-Up Banking,” a 360° financial solution for startups.
VinFast & HDFC Bank: MoU for auto and inventory financing. VinFast is from Vietnam; joint military exercise with India is called VINBAX.
International Finance Corporation: $150 million investment in HDFC’s “H-CARE 2 Affordable Housing Fund.”

First Animal Stem Cell Bio Bank: Established in Hyderabad.
International Olympiad on Astronomy and Astrophysics: 18th edition in Mumbai, organised by Homi Bhabha Centre (TIFR); 288+ students from 64 countries, Ghana participates as observer.

Why Constitution Matters: Authored by D.Y. Chandrachud.
No Minister: Authored by Subhash Chandra Garg, published by Juggernaut.
Obituaries: Japanese boxer Hiromasa Urakawa (fight injury) and Apollo 13 Commander Jim Lovell (aged 97).

International Youth Day: 12th August. Theme for 2025: “Local Youth Action for Sustainable Development Goals and Beyond”. Global celebration in Nairobi, Kenya with UN-Habitat.