Current Affairs 03 August: PM Modi inaugurates 32nd ICAE, VPS Kaushik becomes Adjutant General of Indian Army

Aug 3, 2024 Divya Bharat

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Current Affairs PM Modi Inaugurates 32nd ICAE, VPS Kaushik Becomes Adjutant General Of Indian Army

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Shubhanshu Shukla was chosen as the prime astronaut for ISS. The central government removed the BSF chief and deputy chief from their posts. Meanwhile, SBI’s profit in Q1FY25 was ₹17,035 crores.

Let us take a look at such important current affairs of today, which are important for students preparing for government jobs…

LAUNCH & EVENT

1. PM Modi inaugurates 32nd ICAE: On August 3, Prime Minister Narendra Modi inaugurated the 32nd edition of the International Conference of Agricultural Economists (ICAE). The event was held at the National Agricultural Science Centre (NASC) in New Delhi.

PM Modi said that farmers will be given a digital identification number for their land.

The theme of this year’s conference is ‘Transformation towards Sustainable Agri-Food Systems’.
The objective of this conference is to deal with problems like climate change, degradation of natural resources, increase in production cost and global conflict.
ICAE 2024 will provide an opportunity for young researchers and leading professionals to showcase their work and network.
The focus will be on strengthening partnerships between research institutes and universities.
Around 1,000 delegates from around 75 countries will participate in this conference.
This conference is held every three years to discuss agriculture and its related problems and find solutions across the world.
In India, it is being organised between 2nd and 7th August after 65 years.

BUSINESS

2. SBI’s profit in Q1FY25 stood at ₹17,035 crore: On August 3, State Bank of India (SBI) released the results for Q1FY25 i.e. the first quarter of the financial year 2024-25. SBI’s standalone net profit in the April-June quarter increased by 1% year-on-year to ₹ 17,035.16 crore.

It stood at ₹16,884 crore in Q1FY24.
The bank’s net profit has also fallen by 17.69% on quarterly basis.
The bank’s profit in the previous quarter (Q4FY24) was Rs 20,698 crore.
In the June quarter, the bank’s total income increased by 13.55% year-on-year to Rs 1,22,687 crore.
This was Rs 1,08,038 crore in the same quarter last year.
SBI’s net interest income (NII) grew 5.71% year-on-year to Rs 41,125 crore in the June quarter.
The results of companies come in standalone and consolidated parts.
Standalone shows the financial performance of only one unit.
Consolidated financial reports provide reports on the entire company.

APPOINTMENT

3. VPS Kaushik became Adjutant General: On August 2, Veeresh Pratap Singh Kaushik took over as the Adjutant General of the Indian Army. Prior to this, he was serving as the General Officer Commanding (GOC) of the Trishakti Corps.

VPS Kaushik became the Inspector General (IG) of Assam Rifles (North) in 2020.

He is an alumnus of the National Defence Academy and the Indian Military Academy.
Kaushik was commissioned into 3 Kumaon (Rifles) in June 1988.
The Adjutant General assists the commanding officer in unit administration and manages human resources in the Army.
He is the senior administrative officer of the Army or Air Force who reports to the Chief of Army Staff.
He is also the Colonel of the Corps of Military Police and the Judge Advocate General.

National

4. Central government removed BSF Chief and Deputy Chief from their posts: On August 2, the Central Government removed Border Security Force (BSF) Director General (DG) Nitin Agarwal and Deputy Special Director General Yogesh Bahadur Khurania from their posts.

Both the officers were asked to report to their respective home cadres (Nitin Agarwal to Kerala and Khurania to Odisha).
SSB DG Daljit Singh Chaudhary has been given additional charge of BSF DG.
Nitin Agarwal is a 1989 batch IPS officer of Kerala cadre.
He is the first DG of BSF who had to leave his tenure midway.
Aggarwal would have assumed office in June 2023 and his term would end in 2026.

International

5. Shubhanshu Shukla selected as Prime Astronaut for ISS: On August 2, India selected its prime astronaut for the Indo-US Space Mission. The Indian Space Research Organization (ISRO) announced Shubhanshu Shukla as the prime astronaut for this mission.

Shubhanshu was born on 10 October 1985 in Lucknow, Uttar Pradesh.

Captain Prashant Nair was selected as backup for this mission.
Human Space Flight Centre (HSFC) has signed a Space Flight Agreement (SFA) with US-based Axiom Space for the Axiom-4 mission.
Both Group Captain Shubhanshu and Group Captain Prashant will be trained for the mission in the US from the first week of August.
During the space mission, the selected astronauts will conduct scientific research and test technologies and will also participate in outreach activities in space.
38-year-old Shubhanshu is a fighter pilot and combat leader.
Shubhanshu has more than 2000 hours of flying experience.
Till now he has flown aircraft like Sukhoi-30MKI, MiG-21, MiG-29, Jaguar, Hawk, Dornier and AN-32.
Shubhanshu is also an alumnus of the National Defence Academy (NDA).
He was commissioned into the fighter stream of the Indian Air Force on 17 June 2006.

TODAY’S HISTORY

History of 03 August: On this day in 1977, the world’s first home computer TRS-80 was launched in the market. Its price was 599 dollars. It had a language interpreter, 4KB RAM, 1.77 MHz z-80 processor, 12 inch monitor, cassette recorder and a cassette tape.