August 16 – Key News and Current Affairs
Important Appointments
- Abhijit Kishore has been appointed as CEO of Vodafone Idea for a 3-year term starting from 19th August.
- Madhuri Dixit Nene has been named Brand Ambassador of Odisha Handloom on National Handloom Day 2025.
National Economic Updates
- India’s wholesale inflation rate (WPI) in July 2025 was 6% (data released by the Ministry of Commerce and Industry).
- The National Small Industries Corporation (NSIC) has partnered with five private sector banks to enhance MSME credit access.
- The State Bank of India (SBI) has launched a collateral-free personal loan scheme of up to ₹4 lakh for Agniveers under the Agnipath Program.
- Bank of Baroda has introduced a Global UPI Service through their IP application.
- Indian Overseas Bank has tied up with Mumbai Metro One to provide ticketing solutions.
Government Initiatives & Policies
FASTag Annual Pass
- From 15th August 2025, the National Highways Authority of India (NHAI) has launched the FASTag Annual Pass.
- Price: ₹3,000.
- Validity: 1 year or up to 200 toll plaza trips, whichever comes first.
- Applicability: All National Highways, Expressways, and State Highways.
- Eligibility: For all non-commercial vehicles.
- How to Obtain: Purchase through Rajmarg Yatra application or NHAI website. Activation is within two hours of payment.
Welfare Initiatives
- Delhi Chief Minister Rekha Gupta has announced the launch of Atal Canteen, offering meals for ₹5 to workers, inspired by Tamil Nadu’s Amma Canteen.
- Additionally, the Delhi government will provide permanent houses to residents living in slums.
State Infrastructure & Collaborations
- Bihar’s Road Construction Department is collaborating with IIT Delhi to develop AI-driven road and bridge management, aiming for real-time structural health monitoring and overall improved public infrastructure.
Banking & Insurance
- HDFC ERGO General Insurance has partnered with PhonePe to offer affordable health insurance solutions targeted at India’s “missing middle.”
- SBI Life Insurance has launched the SBI Life Smart Shield Plus Plan, a non-linked, non-participating, pure risk, term life insurance plan.
- Note on Term Insurance: Provides life cover for a specific term. If the policyholder passes away during the term, the predetermined sum is given to beneficiaries. If the policyholder survives the term, no payout is made.
Technology & Digital Initiatives
- TRAI (Telecom Regulatory Authority of India) has released India’s first manual for property rating for digital connectivity.
- National Health Authority (NHA) and CDC have jointly launched the e-Sushrut Clinic@Clinic initiative to promote digital healthcare delivery in small clinics.
- Atal Innovation Mission (NITI Aayog) has partnered with the Digital India Bhashini division to promote innovation and entrepreneurship in all Indian languages.
Recent Deaths (Obituaries)
- La. Ganesan Iyer (Nagaland Governor; former Governor of Manipur, former additional charge as Governor of West Bengal, member of Rajya Sabha from Madhya Pradesh).
- Ramdas Soren (Jharkhand Education Minister and JMM leader), passed away at age 62.
- Dr. Vece Paes (Olympic medallist, father of tennis player Leander Paes, member of India’s bronze-medal-winning hockey team at the 1972 Munich Olympics), passed away at age 80.
Sports Highlights
- Anand Kumar Vel Kumar won bronze in the Men’s 1000m Sprint Inline Speed Skating (Track) event at World Games 2025, Chengdu, China.
- G. Sathiyan won his second World Table Tennis Feeder title in Vientiane, Laos, after defeating Japan’s Yoji Yoshioka; this is also his fifth senior crown overall.
- Mascot of 1st Khelo India Water Sports Festival in Srinagar: Himalayan Kingfisher.
- World Organ Donation Day observed on 13th August every year.
- Partition Horrors Remembrance Day observed on 14th August since 2021, in memory of struggles and sacrifices during India’s Partition.
Defence Exercises
- Indian Navy ships INS Rana and INS Jyoti reached Colombo, Sri Lanka, to participate in the 12th edition of the SLINEX (Sri Lanka-India Naval Exercise). The previous edition (11th) was held in Visakhapatnam, December last year. The exercise occurs in two phases: harbor phase (Colombo) and sea phase (17th-18th August).
- INS Tamil, an Indian Navy stealth frigate, arrived in Naples, Italy, participating in a PASSEX (Passing Exercise) during its return journey after being commissioned in Russia on 1st July 2025. The ship also celebrated India’s 79th Independence Day in Naples.
Other Key Points
- Appointment: Abhinav Bindra (India’s first individual Olympic gold medalist) has been named a Mental Health Ambassador for the International Olympic Committee (IOC) Athlete Ambassadors panel.
- In the Malayalam film industry, Shweta Menon has become the first woman president of the Association of Malayalam Movie Artists (AMMA), with Kuku Parameswaran appointed as the general secretary.
Quick Facts & Reminders
- Students are encouraged to make handwritten notes for current affairs to aid memory, especially if unable to print provided PDFs.
- The Telegram group offers PDFs for daily sessions and government schemes.
- The FASTag Annual Pass is a cost-effective solution for frequent highway commuters.
- Health insurance should be a top priority for personal financial safety.
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