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Daily Current Affairs: 22 August 2025

Current affairs of 22 August 2025: India’s Green Hydrogen Potential: FICCI-EY Report Findings; India’s Case for a National Space Law Ahead of Space Day; IESO 2025: India Wins 7 Medals at Earth Science Olympiad, and 12 more topics. Key facts for every exam, with a quiz.

Take the quiz (15 questions)August 2025

In this issue: 15 topics

National Affairs

Khelo India Water Sports Festival Begins on Dal Lake

Banking & Finance

SEBI Explores Regulated Pre-Listing Trading to Replace Grey Market
SBI Dynamic Asset Allocation Active FoF: How It Works
SEBI Plans Longer-Tenure F&O Contracts to Curb Weekly Options
AU Small Finance Bank Enables UPI for NRE/NRO Accounts Abroad
IndiGo IDFC FIRST Credit Card: Mastercard and RuPay Pair

Economy

RBI Discussion Paper Reviews Flexible Inflation Targeting

International Affairs

India and Eurasian Economic Union sign terms of reference for FTA talks
UN-Backed IPC Declares Famine in Gaza

Science & Technology

India’s Case for a National Space Law Ahead of Space Day
ISRO Chief on SpaceX’s Pre-Launch Oxygen Leak Before Shukla Flight

Environment & Ecology

India’s draft Climate Finance Taxonomy: aims and features
World Orangutan Day: Observed Every 19 August

Reports & Indexes

India’s Green Hydrogen Potential: FICCI-EY Report Findings

Awards & Persons

IESO 2025: India Wins 7 Medals at Earth Science Olympiad

National Affairs

1. Khelo India Water Sports Festival Begins on Dal Lake

Dal Lake in Srinagar hosted the first-ever Khelo India Water Sports Festival races.
Events were rowing, kayaking and canoeing.
The aim is to improve India's rank in water sports at future Olympics.

Full notes and 3 MCQs ›

Banking & Finance

Banking & Finance

2. SEBI Explores Regulated Pre-Listing Trading to Replace Grey Market

SEBI was exploring a regulated venue for trading unlisted shares before an IPO.
The idea is to replace the opaque grey market with a legal, transparent system.
Gains: fair price discovery, investor safety and tax collection.

Full notes and 3 MCQs ›

Banking & Finance

3. SBI Dynamic Asset Allocation Active FoF: How It Works

SBI Mutual Fund launched a Dynamic Asset Allocation Active Fund of Funds as a one-fund solution.
A FoF invests in other mutual funds, not individual stocks, bonds or commodities.
Risk is moderate to high, depending on equity exposure.

Full notes and 3 MCQs ›

4. SEBI Plans Longer-Tenure F&O Contracts to Curb Weekly Options

SEBI is considering ways to lengthen Futures and Options contract tenure.
Nearly 90% of retail traders lose money in weekly options.
Weekly contracts are not banned but may be restricted or phased out.

Full notes and 3 MCQs ›

Banking & Finance

5. AU Small Finance Bank Enables UPI for NRE/NRO Accounts Abroad

AU Small Finance Bank enabled UPI for NRE and NRO account holders using international mobile numbers, following NPCI's directive.
NRIs from 12 listed countries can link accounts to UPI without an Indian SIM card.
AU SFB was established in 2017 and is headquartered in Jaipur.

Full notes and 3 MCQs ›

Banking & Finance

6. IndiGo IDFC FIRST Credit Card: Mastercard and RuPay Pair

IndiGo and IDFC FIRST Bank launched the IndiGo IDFC FIRST Credit Card, a co-branded premium card.
One application gives two cards, one on Mastercard and one on RuPay.
An FD-backed variant is offered so customers with limited credit history can apply; the RuPay card links to UPI.

Full notes and 3 MCQs ›

Economy

7. RBI Discussion Paper Reviews Flexible Inflation Targeting

RBI's paper asks whether the 4% CPI inflation target is still optimal.
FIT began in 2016, was first reviewed in 2021, and uses a 4% target with a 2%-6% band.
Food makes up 46% of the CPI basket.

Full notes and 3 MCQs ›

International Affairs

8. India and Eurasian Economic Union sign terms of reference for FTA talks

India and the Eurasian Economic Union (EAEU) signed Terms of Reference in Moscow to launch free trade agreement negotiations.
EAEU members are Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia.
The EAEU is a USD 6.5 trillion economy.
India-EAEU trade was about USD 69 billion in 2024, up 7% from 2023.

Full notes and 3 MCQs ›

International Relations

9. UN-Backed IPC Declares Famine in Gaza

A famine was declared in Gaza under the Integrated Food Security Phase Classification (IPC) framework.
Nearly 500,000 people are affected; it is described as the first famine in West Asia.
IPC famine needs 20% or more households in extreme food shortage, 30% child acute malnutrition and 2 deaths per 10,000 daily.
FAO, WFP, UNICEF and OCHA took part in the technical review.

Full notes and 3 MCQs ›

Science & Technology

Science & Technology

10. India’s Case for a National Space Law Ahead of Space Day

India has no comprehensive national space law despite Chandrayaan-3 and upcoming Gaganyaan.
The Outer Space Treaty, 1967 sets common heritage, peaceful use, state responsibility and liability.
The US, Luxembourg and Japan already have dedicated space laws.

Full notes and 3 MCQs ›

Science & Technology

11. ISRO Chief on SpaceX’s Pre-Launch Oxygen Leak Before Shukla Flight

ISRO Chairman V. Narayanan commented on the Falcon 9 team that launched Group Captain Shubhanshu Shukla to the ISS.
He said the team took a pre-launch leak lightly.
The leak was in the oxidiser line feeding one of the engines.

Full notes and 3 MCQs ›

Environment & Ecology

12. India’s draft Climate Finance Taxonomy: aims and features

The Finance Ministry released the draft Climate Finance Taxonomy for consultation in May 2025.
It aims to mobilise climate finance and prevent greenwashing.
Reviews will be annual and five-yearly.

Full notes and 3 MCQs ›

Environment & Ecology

13. World Orangutan Day: Observed Every 19 August

World Orangutan Day is a global observance held each year on 19 August.
It celebrates how remarkable orangutans are.
It also aims to raise awareness of the dangers these animals face.

Full notes and 3 MCQs ›

Reports & Indexes

Environment & Ecology

14. India’s Green Hydrogen Potential: FICCI-EY Report Findings

FICCI-EY report: India could capture 10% of the global green hydrogen market if cost and infrastructure barriers are overcome.
National Green Hydrogen Mission (2023): ₹19,744 crore outlay, 5 MMT yearly output target by 2030.
Green hydrogen costs $4-4.5/kg now, projected $3-3.75/kg in 2030.

Full notes and 3 MCQs ›

Awards & Persons

Science & Technology

15. IESO 2025: India Wins 7 Medals at Earth Science Olympiad

India won 7 medals and 1 Special Award at the 18th International Earth Science Olympiad (IESO 2025) in Jining, China.
Rayansh Gupta of Ludhiana won 1 Gold, 1 Silver and the Special GYM Reporter Award.
The Union Ministry of Earth Sciences (MoES) supported the Indian team.

Full notes and 3 MCQs ›

Test yourself

15 questions from the news of 22 August 2025, with answers and explanations.