Daily Current Affairs Quiz: July 26, 2024

Notes:
Kargil Vijay Diwas, observed on 26 July, commemorates the Indian Army’s victory over Pakistan in the 1999 Kargil Conflict. On its 25th anniversary, Prime Minister Narendra Modi visits the Drass sector in Ladakh to honor the martyrs at the Kargil War Memorial. The Kargil War, fought from May 8 to July 26, 1999, saw Pakistani forces disguised as mujahideen infiltrating Indian posts. India’s Operation Vijay successfully evicted them. This conflict aimed to internationalize the Kashmir issue and disrupt NH1A, a vital supply route for the Indian Army.

Notes:
Indian Army has participated in the 21st KHAAN QUEST multinational military exercise in Ulaanbaatar, Mongolia from 27 July to 9 August 2024. Co-sponsored by the U.S. Indo-Pacific Command and hosted by the Mongolian Armed Forces, KHAAN QUEST promotes regional peace and security. Initially a U.S.-Mongolia bilateral exercise in 2003, it became multilateral in 2008. The Indian Army, a regular participant, sends 40 personnel this year, including three female soldiers. The exercise focuses on peacekeeping operations, enhancing skills for future UN peacekeeping missions.

Notes:
On 25 July 2024, Union Minister for Information and Broadcasting, Ashwini Vaishnaw, announced the winners of the 10th National Community Radio Award and inaugurated India’s 500th Community Radio Station at the Indian Institute of Mass Communication in Aizawl, Mizoram. Named Apna Radio 90.0 FM, it will provide weather updates, government schemes, and agriculture information. Community Radios, unlike public and commercial radio, are low-power stations operated by local communities in local languages, focusing on issues like nutrition and health. They can be set up by educational institutions, community-based organizations, registered societies, and trusts.

Notes:
Goa Shipyard Limited (GSL) launched the first indigenously-built Talwar class frigate, ‘Triput.’ Part of a 2016 India-Russia deal, Triput is among four Admiral Grigorovich class frigates, with two built in India via technology transfer. The Indian Navy already operates six of this class. INS Triput, 124m long and 15.5m wide, is powered by four gas turbines, reaching speeds of 28 knots with a 3200-ton displacement. It features stealth-enhancing hull design, advanced weapons and sensors, an Integrated Platform and Bridge Management System, and a robust air defense system with vertical launch long-range surface-to-air missiles.

Notes:
The Finance Minister announced NPS Vatsalya, a new scheme under the National Pension Scheme (NPS) to help parents and guardians plan for their children’s future financial needs. Parents can open an account for their minor children, with funds accumulating until the child turns 18. Upon adulthood, the amount transfers to a standard NPS account and can be converted into a non-NPS plan. NPS, a voluntary retirement scheme, enables individuals to build a retirement corpus through regular contributions. Open to all Indian citizens, including non-residents, NPS invests in market-linked instruments, offering potentially higher returns than traditional fixed-income options.