Daily Current Affairs – 25 August 2020

Daily Current Affairs - 25 August 2020
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Current Affairs is an important section to cover if one wish to appear in any kind of competitive exams like APSC, UPSC, all state civil service exams, Railway exams, SSC, RRBs, IAS, ACS, all Government job exams, TET, CTET and different banking exams like IBPS, SBI PO, SBI Clerk , RBI etc. We have covered the latest Daily Current Affairs – 25 August 2020. Visit our page regularly to get the latest informations and get updated and prepared for your exams.

Daily Current Affairs – 25 August 2020 – Highlights

1. RBI released it’s annual report 2019-20


The Reserve Bank of India released its annual report 2019-20 on August 25, 2020.

Key Points

Bank Fraud – RBI in its annual report noted that Bank frauds, in value terms involving an amount of Rs 1 lakh and above have more than doubled in 2019-20 period to Rs 1.85 trillion from Rs 71,543 crore in 2018-2019 period. In volume terms the total fraud cases have jumped to 8707 in 2019-20 from 6,799 in 2018-19.

Other incomes of RBI – The other income of RBI fell by more than half to Rs 40,339 crore from Rs 86,199 crore in the previous fiscal.

Total provisions rose to Rs 73,615 crore from Rs 64 crore in the previous fiscal.

The Central Bank in it’s report stated that private consumption has been hurt by lower incomes, job losses and behavioural restraints during the pandemic and would take quite sometime to mend and regain the pre-COVID -19 momentum.

Currency Notes – In the report RBI revealed that currency notes of ₹2,000 denomination were not printed in 2019 -20 and circulation of these notes have declined over the years. On the other hand the circulation of currency notes of ₹200 and ₹500 denominations has gone up substantially.

2. MY IAF Mobile Application launched by Indian Air Force

The Indian Air Force launched MY IAF mobile application on August 24, 2020. The mobile application is launched to provide career related information for IAF job Aspirants.

The application, developed in association with Centre for Development of Advanced Computing (C-DAC) is listed in the Google Play Store for Android mobile phones. The app will act as a single digital platform interfacing the users with the details of selection procedure, training curriculum, pay and perks etc for both officers and airmen in the IAF. It will also provide glimpses into the history and stories of valour in th IAF.

3. ASTROSAT makes rare discovery


India’s first multi-wavelength satellite observatory has made a rare discovery by detecting an extreme ultraviolet (UV) light from a galaxy called AUDFs01, 9.3 billion light-years away from the Earth.

An international team of astronomers led by Dr Kanak Saha, associate professor of astronomy made the discovery and published it on ‘Nature Astronomy’.

About Astrosat

Astrosat is India’s first dedicated multi-wavelength space telescope launched on 28 September, 2015. The satellite was launched into a 650 km orbit inclined at an angle of 6 Deg to the equator using PSLV-C30 from Satish Dhawan Space Centre, Sriharikota.

The Scientific Objectives of the AstroSat mission are –

  • To understand high energy processes in binary 7 star systems containing neutron stars and black holes;
  • To estimate magnetic fields of neutron stars;
  • To study star birth regions and high energy processes in star systems lying beyond our galaxy;
  • To detech new bright X-ray sources in the sky;
  • To perform a limited deep field survey of the Universe in the Ultraviolet region.

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