Daily Current Affairs 6 August 2026

Q1 What is the main fiscal challenge addressed in Tamil Nadu's first budget under the Vijay government?

• AHuge debt burdenCorrect
• BUnemployment
• CAgricultural crisis
• DInflation control

Explanation The Vijay government's first budget focuses on tackling Tamil Nadu's huge debt burden, identified as the biggest fiscal challenge.

Q2 How did AIADMK leader Palaniswami react to the Vijay government's first budget?

• AHe praised it for addressing key issues
• BHe gave it 'zero marks' for not including pre-election promisesCorrect
• CHe suggested minor improvements
• DHe remained neutral

Explanation Palaniswami criticized the budget, giving it 'zero marks' because several promises made by the ruling party before coming to power were not included.

Q3 Which political party is Palaniswami associated with?

• ADMK
• BAIADMKCorrect
• CBJP
• DCongress

Explanation Palaniswami is a leader of the AIADMK party.

Q1 What issue did the DMK seek to raise through an adjournment motion in the Tamil Nadu Assembly on August 6, 2026?

• ACauvery water disputeCorrect
• BAgriculture Budget approval
• CEducation reforms
• DHealthcare infrastructure

Explanation The DMK sought an adjournment motion specifically to discuss the Cauvery water dispute in detail.

Q2 Who did Udhayanidhi Stalin hope would respond to the Opposition’s questions during the Assembly proceedings?

• AChief Minister C. Joseph VijayCorrect
• BGovernor of Tamil Nadu
• CLeader of Opposition
• DUnion Minister of Water Resources

Explanation Udhayanidhi Stalin expressed hope that Chief Minister C. Joseph Vijay would break his silence and respond to the Opposition’s questions.

Q3 Besides the Cauvery dispute, what else did the DMK criticize during the Assembly proceedings?

• ATVK government’s Agriculture BudgetCorrect
• BNew industrial policy
• CTransport infrastructure
• DEducation funding

Explanation The DMK slammed the TVK government’s Agriculture Budget during the Assembly proceedings.

Q1 What is the primary objective of the Taxation and Other Laws (Amendment) Bill, 2026 passed by the Lok Sabha?

• ATo amend the Payment and Settlement Systems Act, 2007 to allow imposing Merchant Discount Rate on UPICorrect
• BTo introduce new tax slabs for digital transactions
• CTo ban Merchant Discount Rate on all digital payments
• DTo merge all payment systems under a single regulatory authority

Explanation The Bill aims to amend the Payment and Settlement Systems Act, 2007 to enable imposing a Merchant Discount Rate on the Unified Payment Interface.

Q2 Which digital payment platform is directly affected by the amendment in the Payment and Settlement Systems Act, 2007 as per the 2026 Bill?

• ANational Electronic Funds Transfer (NEFT)
• BUnified Payment Interface (UPI)Correct
• CImmediate Payment Service (IMPS)
• DReal Time Gross Settlement (RTGS)

Explanation The amendment specifically targets the Unified Payment Interface (UPI) for the imposition of Merchant Discount Rate.

Q3 How was the Taxation and Other Laws (Amendment) Bill, 2026 passed in the Lok Sabha?

• AAfter a detailed discussion and debate
• BWithout any discussionCorrect
• CThrough a joint session with Rajya Sabha
• DAfter being referred to a parliamentary committee

Explanation The Bill was passed by the Lok Sabha without any discussion.

Q1 What is the current status of Tata Sons in the RBI's NBFC classification for 2026-27?

• ARemoved from the upper-layer NBFC list
• BRetained in the upper-layer NBFC listCorrect
• CClassified as a lower-layer NBFC
• DNo longer considered an NBFC

Explanation RBI has retained Tata Sons in its upper-layer NBFC list for 2026-27, maintaining the status quo.

Q2 What is the RBI currently reviewing regarding Tata Sons?

• AIts application to become a bank
• BIts application to surrender its Core Investment Company registrationCorrect
• CIts merger with another NBFC
• DIts application for a new NBFC licence

Explanation RBI is examining Tata Sons' application to surrender its Core Investment Company (CIC) registration.

Q3 According to RBI Governor Sanjay Malhotra, what determines the upper-layer NBFC status?

• AThe company's annual revenue
• BA principle-based framework by RBICorrect
• CThe number of employees
• DThe company's listing status

Explanation Governor Sanjay Malhotra stated that RBI's principle-based framework will determine upper-layer NBFC status.

Q1 When will the Milky Mist Dairy Foods IPO open for subscription?

• AAugust 10, 2026
• BAugust 11, 2026Correct
• CAugust 13, 2026
• DAugust 15, 2026

Explanation The IPO opens on August 11, 2026, as stated in the sources.

Q2 What is the total value of Milky Mist Dairy Foods' IPO including the fresh issue and Offer For Sale?

• A₹1,428 crore
• B₹125 crore
• C₹1,553 croreCorrect
• D₹1,600 crore

Explanation The IPO comprises a fresh issue of ₹1,428 crore and an OFS of ₹125 crore, totaling ₹1,553 crore.

Q3 On which date will bidding for anchor investors in Milky Mist's IPO open?

• AAugust 9, 2026
• BAugust 10, 2026Correct
• CAugust 11, 2026
• DAugust 13, 2026

Explanation Bidding for anchor investors will open on August 10, 2026, for one day.

Q1 What recent approval did Standard Chartered receive related to GIFT City?

• AApproval to launch wealth management productsCorrect
• BApproval to start wholesale banking operations
• CApproval to open a new branch in Mumbai
• DApproval to merge with an Indian bank

Explanation Standard Chartered received approval from IFSCA to launch wealth management products from GIFT City.

Q2 When did Standard Chartered first commence operations in GIFT City?

• A2020Correct
• B2022
• C2024
• D2026

Explanation Standard Chartered was the first foreign bank to commence operations in GIFT City in 2020.

Q3 What is the significance of Standard Chartered's new offering from GIFT City?

• AIt is the bank's first retail-focused offering from GIFT CityCorrect
• BIt marks the bank's exit from wholesale banking
• CIt is the first foreign bank to operate in India
• DIt involves launching a new currency

Explanation The new wealth management products mark Standard Chartered's first retail-focused offering from GIFT City.

Q1 What was the main purpose of the Taxation Bill passed by the Lok Sabha on August 6, 2026?

• ATo promote domestic electronic manufacturingCorrect
• BTo increase income tax rates
• CTo provide subsidies for agriculture
• DTo amend the education policy

Explanation The Taxation Bill passed by the Lok Sabha was aimed at promoting domestic electronic manufacturing.

Q2 Which bill did the Rajya Sabha approve on the same day as the Taxation Bill was passed in Lok Sabha?

• AFinance Bill
• BAppropriation (No.3) BillCorrect
• CGoods and Services Tax Bill
• DLabour Welfare Bill

Explanation The Rajya Sabha approved the Appropriation (No.3) Bill on August 6, 2026.

Q3 What demand did the Opposition make in the Rajya Sabha related to Home Minister Amit Shah?

• ATo resign from his post
• BTo make a statement on police violence against studentsCorrect
• CTo introduce a new education bill
• DTo increase police funding

Explanation The Opposition demanded a statement from Home Minister Amit Shah on police violence against students.

Q1 What is the main purpose of the Supreme Court (Number of Judges) Amendment Bill, 2026?

• ATo increase the number of judges in the Supreme CourtCorrect
• BTo introduce a women's quota in the Supreme Court
• CTo hold a Special Session of Parliament
• DTo change the retirement age of Supreme Court judges

Explanation The bill aims to increase the number of judges in the Supreme Court to manage the growing workload.

Q2 According to the Parliamentary Affairs Minister, what is the status of the Special Session to push through women's quota and delimitation bills?

• AA Special Session will be held soon
• BThere is no proposal to hold a Special SessionCorrect
• CThe Special Session has already been held
• DThe Special Session is postponed indefinitely

Explanation The Parliamentary Affairs Minister stated that there is no proposal to hold a Special Session to push through these bills.

Q3 Which house of Parliament cleared the Supreme Court (Number of Judges) Amendment Bill, 2026?

• ALok Sabha
• BRajya SabhaCorrect
• CBoth Lok Sabha and Rajya Sabha simultaneously
• DNeither house has cleared the bill yet

Explanation The Rajya Sabha cleared the bill to increase the number of Supreme Court judges.

Q1 Who has been appointed as the new CEO of Air India?

• ATewolde GebremariamCorrect
• BRakesh Jhunjhunwala
• CSanjiv Kapoor
• DRajiv Bansal

Explanation Tewolde Gebremariam, known for his role in transforming Ethiopian Airlines, has been appointed as Air India's new CEO.

Q2 What is one of Tewolde Gebremariam's key strengths mentioned in the Air India press statement?

• AManaging complex operational landscapesCorrect
• BMarketing and sales strategies
• CFinancial auditing
• DAircraft manufacturing

Explanation The press statement highlights his unique strength in managing complex operational landscapes.

Q3 Which infrastructure development is Tewolde Gebremariam known for?

• ABuilding world-class MRO and aviation training infrastructureCorrect
• BDeveloping new airport terminals
• CLaunching new airline routes
• DCreating in-flight entertainment systems

Explanation He is recognized for developing world-class Maintenance, Repair, and Overhaul (MRO) and aviation training infrastructure.

Q1 Who has been appointed as the new CEO of Air India?

• ATewolde GebremariamCorrect
• BRatan Tata
• CAshwani Lohani
• DVistara CEO

Explanation Tewolde Gebremariam, former Ethiopian Airlines chief, has been appointed as the new CEO of Air India.

Q2 What is one of the main goals for Air India in appointing Tewolde Gebremariam as CEO?

• ATo expand into the African market
• BTo stem mounting financial losses and support global expansionCorrect
• CTo merge with Ethiopian Airlines
• DTo reduce domestic flight operations

Explanation Air India aims to use Gebremariam's expertise to address financial losses and steer global expansion.

Q3 Which group owns Air India?

• AGovernment of India
• BTata GroupCorrect
• CAdani Group
• DReliance Industries

Explanation Air India is owned by the Tata Group as mentioned in the sources.

Q1 Who did Meta CEO Mark Zuckerberg apologise to for errors related to child abuse content and platform operation?

• AIndian government and IT Minister Ashwini VaishnawCorrect
• BUnited Nations
• CEuropean Union regulators
• DIndian Supreme Court

Explanation Mark Zuckerberg apologised to the Indian government and IT Minister Ashwini Vaishnaw following a meeting with Meta's global team.

Q2 What specific error did Meta's global head of public policy Joel Kaplan apologise for on behalf of Meta?

• ARestricting Prime Minister Narendra Modi's postCorrect
• BData breach affecting Indian users
• CAllowing fake accounts to operate
• DDelaying content moderation in India

Explanation Joel Kaplan apologised for the error that restricted PM Modi's post on Meta's platform.

Q3 Which types of problematic content did Mark Zuckerberg apologise for during the meeting with the Indian government?

• AChild sexual abuse material (CSAM) and deepfake contentCorrect
• BPolitical misinformation and spam
• CHate speech and fake news
• DCopyright infringement and piracy

Explanation Zuckerberg apologised for the presence of CSAM and deepfake content on Meta's platform.

Q1 Which states have been affected by the Chandipura virus outbreak leading to deployment of the national response team?

• AGujarat and RajasthanCorrect
• BMaharashtra and Gujarat
• CRajasthan and Madhya Pradesh
• DPunjab and Haryana

Explanation The outbreak has affected Gujarat and Rajasthan, prompting the Centre to send a national response team to these states.

Q2 What is the established vector for the Chandipura virus as per the investigations?

• AMosquitoes
• BSandfliesCorrect
• CTicks
• DDomestic animals

Explanation Sandflies are the established vectors for the Chandipura virus, although scientists are also studying other insects and domestic animals.

Q3 What is the primary focus of the scientific investigation related to the Chandipura virus outbreak?

• ADeveloping a vaccine
• BStudying transmission cycle and genetic mutationsCorrect
• CEradicating sandflies
• DImproving hospital infrastructure

Explanation Scientists are focusing on studying the virus's transmission cycle and genetic mutations to understand and control the outbreak.

Q1 What new role did Demis Hassabis assume in Alphabet during the AI leadership shakeup?

• ACEO of DeepMind
• BAlphabet Chief ScientistCorrect
• CHead of Google AI Research
• DFounder of a new startup

Explanation Demis Hassabis stepped down as DeepMind CEO to become Alphabet's chief scientist.

Q2 Which key Google AI leader left to start a new company following the leadership changes?

• ASundar Pichai
• BDemis Hassabis
• CJeff DeanCorrect
• DTwo star researchers

Explanation Jeff Dean and other key engineers left Google to found a new startup.

Q3 What event preceded the leadership changes at Alphabet's AI division?

• ALaunch of a new AI product
• BDeparture of two star researchers to AI rivalsCorrect
• CMerger with another tech company
• DGovernment regulation on AI

Explanation The leadership changes followed the departure of two star researchers to AI rivals.

Q1 When was the SpaceX Falcon 9 rocket stage expected to impact the Moon?

• AAugust 5, 2026, at 0635 GMTCorrect
• BAugust 4, 2026, at 1205 IST
• CAugust 6, 2026, at 0635 GMT
• DAugust 5, 2026, at 1205 GMT

Explanation The rocket stage was expected to impact the Moon on August 5, 2026, at approximately 0635 GMT, which corresponds to 12:05 pm IST.

Q2 Near which lunar feature was the SpaceX rocket stage expected to hit the Moon?

• ATycho crater
• BCopernicus crater
• CEinstein craterCorrect
• DMare Imbrium

Explanation The rocket stage was expected to hit near the Einstein crater on the Moon.

Q3 What is the status of official confirmation regarding the SpaceX rocket stage impact on the Moon?

• AOfficial confirmation has been received
• BNo official confirmation yetCorrect
• CImpact was confirmed by NASA
• DImpact was denied by SpaceX

Explanation There is not yet official confirmation that the Falcon 9 upper stage struck the lunar surface.

Q1 Who has approved the one-year extension of Cabinet Secretary T. V. Somanathan and Home Secretary Govind Mohan?

• AAppointments Committee of the CabinetCorrect
• BUnion Public Service Commission
• CParliament of India
• DSupreme Court of India

Explanation The Appointments Committee of the Cabinet, led by the Prime Minister, approved the one-year extension.

Q2 Until when is the extension of Cabinet Secretary T. V. Somanathan's tenure effective?

• ABeyond August 30, 2026Correct
• BUntil December 31, 2026
• CUntil August 30, 2027
• DUntil January 1, 2027

Explanation The extension is for a further period of one year beyond August 30, 2026.

Q3 Which of the following officials received a one-year extension in service as per the recent announcement?

• ACabinet Secretary T. V. Somanathan and Home Secretary Govind MohanCorrect
• BFinance Secretary and Defence Secretary
• CPrime Minister and President
• DChief Election Commissioner and CAG

Explanation Both Cabinet Secretary T. V. Somanathan and Home Secretary Govind Mohan received the one-year extension.

Q1 Who is leading the rapid phase of the St. Louis Rapid & Blitz chess tournament in 2026?

• AViswanathan Anand
• BPraggnanandhaaCorrect
• CMagnus Carlsen
• DIan Nepomniachtchi

Explanation Praggnanandhaa is leading the rapid phase of the St. Louis Rapid & Blitz chess tournament as per the sources.

Q2 How many rounds were played in the rapid section of the St. Louis Rapid & Blitz tournament?

• A7 rounds
• B8 rounds
• C9 roundsCorrect
• D10 rounds

Explanation The rapid section spanned over nine rounds according to the information provided.

Q3 What is true about Praggnanandhaa's status in the 2026 World Championship cycle?

• AHe is the reigning World Champion
• BHe is a participant in the 2026 World Championship
• CHe is no longer part of the 2026 World ChampionshipCorrect
• DHe is the challenger for the 2026 World Championship

Explanation The sources state that Praggnanandhaa is no longer part of the 2026 World Championship cycle.

Q1 Which two countries have finalized a draft agreement to reopen the Strait of Hormuz shipping route?

• AIran and OmanCorrect
• BIran and Saudi Arabia
• COman and UAE
• DSaudi Arabia and UAE

Explanation Iranian and Omani negotiators have reportedly completed a draft agreement to reopen the Strait of Hormuz shipping route.

Q2 What did U.S. President Donald Trump say about the Strait of Hormuz deal?

• AIt could be announced soon, possibly within the next few daysCorrect
• BIt has been rejected
• CIt will take several months to finalize
• DHe was not aware of the deal

Explanation Donald Trump stated that the deal could be announced soon, possibly tomorrow or the next day.

Q1 What does the proposed Iran-Oman deal reportedly grant Tehran control over?

• AOutbound commercial shipping through the Strait of Hormuz
• BInbound commercial shipping through the Strait of HormuzCorrect
• CAll maritime traffic in the Arabian Sea
• DFishing rights in the Persian Gulf

Explanation The draft agreement would place inbound commercial shipping through the Strait of Hormuz under Iranian control.

Q2 Which body of water is central to the proposed Iran-Oman shipping agreement?

• AStrait of Gibraltar
• BStrait of Malacca
• CStrait of HormuzCorrect
• DBab-el-Mandeb Strait

Explanation The agreement concerns commercial shipping through the Strait of Hormuz.

Q3 What aspect of the shipping control is still under negotiation between Iran and Oman?

• AIran's role over inbound vessels
• BIran's role over outbound vesselsCorrect
• COman's control over inbound vessels
• DOman's control over outbound vessels

Explanation Negotiators continue to discuss Tehran's role over outbound vessels.

Q1 What did Iran and Oman agree upon on August 5, 2026?

• ACoordinates of a route through the Strait of HormuzCorrect
• BA military alliance against third parties
• CJoint naval exercises in the Persian Gulf
• DA trade agreement bypassing the Strait of Hormuz

Explanation Iran and Oman reached an understanding on the coordinates of a route through the Strait of Hormuz.

Q2 According to Iran's Foreign Ministry, what does the agreement between Iran and Oman not guarantee by itself?

• AEconomic benefits for both countries
• BSecurity in the strategic waterwayCorrect
• CInternational recognition of the route
• DFreedom of navigation for all vessels

Explanation The Ministry stated that the agreement alone would not guarantee security in the Strait of Hormuz.

Q3 What condition did Iran's Foreign Ministry spokesperson mention regarding the finalization of the joint announcement?

• AApproval from the United Nations
• BNo interference from third partiesCorrect
• CCompletion of infrastructure along the route
• DSupport from neighboring Gulf countries

Explanation Esmaeil Baghaei said the joint announcement is being finalized provided no third parties interfere.