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Daily Current Affairs 5th August 2026 Daily GK Update
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National News
Odisha Signs ₹3,384.82 Crore BharatNet Pact to Connect All 6,799 Gram Panchayats with Fibre Broadband
- The Odisha Government signed a tripartite agreement with Digital Bharat Nidhi (DBN), the Department of Telecommunications (DoT), and BSNL to implement the ₹3,384.82-crore amended BharatNet Programme.
- The project aims to connect all 6,799 Gram Panchayats in Odisha with a modern fibre-based broadband network over the next 10 years, strengthening rural digital connectivity and digital public infrastructure.
- BSNL has been designated as the Single Project Management Agency (SPMA), while Creative Newtech Private Limited has been appointed as the Project Implementing Agency (PIA).
About Odisha
- Capital – Bhubaneswar
- Chief Minister – Mohan Charan Majhi (replace Naveen Patnaik)
- Deputy CM – KV Singhdeo and Pravati Parida
- Governor – Hari Babu Kambhampati
Glaw Lake Becomes India’s 101st Ramsar Site, First for Arunachal Pradesh
- Glaw Lake in Arunachal Pradesh has been designated as India’s 101st Ramsar Site, making it the first Ramsar Site in Arunachal Pradesh.
- The pristine freshwater lake, located within Kamlang Tiger Reserve and Wildlife Sanctuary, is a biodiversity hotspot with over 150 tree species and 49 orchid species.
- India has increased its Ramsar Sites from 26 in 2014 to 101 in 2026, reflecting its commitment to wetland conservation, biodiversity protection, climate security, and sustainable development.
About Arunachal Pradesh
- Capital – Itanagar
- Chief Minister – Pema Khandu
- Governor – LG (Retd) Kaiwalya Trivikram Parnaik
Banking And Financial News
Shivalik Small Finance Bank Enters Affordable Housing Finance with ₹109 Crore ManiBhavnam Merger
- Shivalik Small Finance Bank has completed the acquisition and merger of ManiBhavnam Home Finance India Pvt. Ltd. in a deal valued at around ₹109 crore.
- The merger marks Shivalik’s entry into the affordable housing finance segment, which is expected to grow at a 20% CAGR until 2030.
- The transaction includes 20% cash payment and the remaining amount through a share swap, with the merger receiving approval from the Ministry of Corporate Affairs (MCA).
SEBI Imposes ₹1.48 Crore Penalty on ZEEL, Bars Subhash Chandra and Punit Goenka for One Year
- SEBI imposed penalties totaling ₹1.48 crore on Zee Entertainment Enterprises Ltd. (ZEEL) and its promoters for violations of securities laws and corporate governance norms.
- Subhash Chandra and Punit Goenka have been barred from accessing or dealing in the securities market for one year as part of SEBI’s enforcement action.
HDFC Bank Launches ‘Max for Seniors’ and ‘Max for Her’ Savings Accounts
- HDFC Bank has launched two new savings account variants under its Savings Max portfolio — ‘Max for Seniors’ and ‘Max for Her’, designed specifically for senior citizens and women.
- The new accounts focus on financial security, easy financial management, lifestyle benefits, and enhanced banking convenience, catering to the unique needs of these customer segments.
- The launch aligns with growing financial inclusion, as India’s senior citizen population is projected to reach 230 million by 2036, while women hold 39.2% of bank accounts and contribute 39.7% of total bank deposits.
Karnataka Bank Launches ‘KBL Finsurance’ Digital Insurance Portal
- Karnataka Bank has launched ‘KBL Finsurance’, a comprehensive digital insurance portal to streamline the creation, tracking, and monitoring of insurance business leads across its branch network.
- The platform is powered by SprintMoney, a fintech company that provides white-labelled digital solutions to banks and financial institutions.
Government Launches LIC OFS to Sell Up to 6.54% Stake, Aims to Raise Over ₹31,000 Crore
- The Government of India has announced the sale of up to 6.54% stake in Life Insurance Corporation of India (LIC) through the Offer for Sale (OFS) route, expected to raise over ₹31,000 crore, making it the largest OFS proceeds to date.
- The OFS includes 2.5% equity with an additional 4% green shoe option, while 50 lakh shares (0.04%) have been reserved for eligible LIC employees. The floor price has been fixed at ₹382 per share.
- The disinvestment will help LIC achieve the Minimum Public Shareholding (MPS) norm, increasing public shareholding from 3.5% to 10%, ahead of the May 16, 2027 deadline.
Appointment News
RBI Appoints Monisha Chakraborty as Executive Director
- The Reserve Bank of India (RBI) has appointed Monisha Chakraborty as Executive Director (ED).
- Before her promotion, she served as Chief General Manager-in-Charge in the Department of Supervision and has over 30 years of experience in supervision, foreign exchange, and government & bank accounts.
IFS Officer Vishwesh Negi Named India’s Ambassador to Iran
- Vishwesh Negi, a 2002-batch Indian Foreign Service (IFS) officer, has been appointed as India’s next Ambassador to the Islamic Republic of Iran.
- Before this appointment, he was serving as Joint Secretary in the Ministry of External Affairs (MEA), New Delhi, and is expected to assume his diplomatic assignment in Tehran shortly.
About Iran
- Capital – Tehran
- Currency – Rial
- Supreme Leader – Mojtaba Khamenei
Sports News
Tanvi Sharma Clinches Maiden BWF World Tour Title, Becomes Youngest Taipei Open Champion
- India’s 17-year-old Tanvi Sharma won her maiden BWF World Tour title by defeating Vietnam’s Nguyen Thuy Linh 21-16, 21-16 in the Taipei Open Super 300 women’s singles final.
- Tanvi became the youngest-ever Taipei Open champion, surpassing Tai Tzu Ying, and the first Indian woman since Saina Nehwal (2008) to win the Taipei Open women’s singles title.
Neeraj Chopra Wins Silver, Yash Vir Singh Bags Bronze in Commonwealth Games 2026 Javelin Throw
- Neeraj Chopra won the silver medal in the men’s javelin throw at the Commonwealth Games 2026, registering his season’s best throw of 85.83 metres.
- Yash Vir Singh secured the bronze medal with a personal best throw of 85.41 metres on his final attempt, achieving the feat at the age of 24.
- Sri Lanka’s Rumesh Pathirage claimed the gold medal with a record-breaking throw of 89.75 metres, setting a new Commonwealth Games record.
Ahmedabad Receives Commonwealth Games Flag, Set to Host Centenary Edition in 2030
- Ahmedabad officially received the Commonwealth Games Flag and the Host Baton during the closing ceremony of the Glasgow 2026 Commonwealth Games, marking the handover of hosting responsibilities.
- Ahmedabad will host the 2030 Commonwealth Games, which will be the centenary edition of the Games, celebrating 100 years since the inaugural event.
- The first Commonwealth Games were held in Hamilton, Canada, in 1930, while the Baton Relay tradition began at the 1958 Commonwealth Games in Cardiff, Wales.
- Ahmedabad 2030 will become the second Commonwealth Games hosted by India, following the successful hosting of the Delhi 2010 Commonwealth Games.
Defence News
Army Launches Indigenous Xtreme Weather Grade Diesel for High-Altitude Operations
- Chief of the Army Staff (COAS) General Dhiraj Seth launched the indigenously developed Xtreme Weather Grade (XWG) Diesel in New Delhi, developed jointly by the Indian Army and Oil Marketing Companies (OMCs).
- XWG Diesel is designed to enhance the mobility, safety, and operational readiness of combat and logistics vehicles in extreme weather and high-altitude conditions, reducing the need for special measures to keep vehicles operational during severe winters.
Book and Author
Book Celebrating S.N.N. Sankaralinga Iyer’s Legacy Released
- The book “Cementing Legacies: The Life of SNN Sankaralinga Iyer – A Pioneering Polymath” was released, chronicling the life and legacy of S.N.N. Sankaralinga Iyer, founder of Indo Commercial Bank and India Cements.
- Authored by veteran journalist K. Balakumar, the book highlights Sankaralinga Iyer’s pioneering contributions to India’s banking and cement industries, along with his entrepreneurial vision and legacy.
Obituary News
Former Army Chief General Vishwa Nath Sharma Passes Away
- Former Chief of the Army Staff (COAS) General Vishwa Nath Sharma passed away.
- He served as the 14th Chief of the Army Staff from 1 May 1988 to 30 June 1990.
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