Published : August 03, 2026
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Here are the key national and international current affairs updates for 4 August 2026, curated specifically for competitive exams like UPSC, APPSC, SSC, Banking, Railways, and Police Services.
1. National News & Governance
* 'Samudra Manthan' Scheme Approved: The Union Cabinet approved the central sector scheme 'Samudra Manthan' with a financial outlay of ₹84,084 crore.
* Objective: Boost offshore oil and gas exploration and expand India’s hydrocarbon resource base from 1,600 MMTOE to 2,200 MMTOE.
* Target: Increase domestic annual oil and gas production from 62 MMTOE to 80 MMTOE.
* Unified Pension Scheme (UPS) Milestone: Over 1.18 lakh central government employees have opted for the Unified Pension Scheme under the National Pension System (NPS).
* Expansion of Khelo India Scheme: The Cabinet approved the expanded Khelo India scheme with an outlay of ₹36,441 crore through FY 2030–31.
* Introduces Khelo India Feeder Schools (KIFS), Khelo India Utkrishta Vidyalayas (KIUV), and the Emerging Khelo India Athletes (E-KIAs) category.
* Assam Interim Flood Relief: The Assam government released ₹160 crore in flood relief assistance for affected families across Sivasagar, Charaideo, Jorhat, and Golaghat districts.
2. Polity, Law & Constitution
* Supreme Court (Number of Judges) Amendment Bill, 2026: The Lok Sabha passed the bill to revise/manage judicial capacity without extended debate.
* Supreme Court Guidance on Transgender Rights: The Supreme Court clarified to the Union Government that any new law modifying transgender identity certification will not retrospectively invalidate existing official transgender identity cards.
* NEET Safeguards Affidavit: The Central Government informed the Supreme Court that it will file a detailed affidavit outlining end-to-end security measures implemented from question paper printing to distribution.
3. Economy, Banking & Business
* RBI Bulk Deposit & Transparency Guidelines: The Reserve Bank of India (RBI) tightened transparency norms for commercial banks regarding bulk deposit interest rates while permitting Liquidity Coverage Ratio (LCR)-linked differential pricing.
* Floating Solar Potential Report: The National Institute of Solar Energy (NISE) estimated India’s total floating solar energy potential at 102.18 GWp across inland reservoirs and water bodies.
* OPEC+ Production Hike: OPEC+ approved an oil production increase of 188,000 barrels per day (BPD) for September 2026.
4. Defence, Science & Technology
* Border Railway Upgrade: India announced plans to invest ₹45,000 crore to upgrade rail infrastructure along strategic border regions adjacent to China, Pakistan, and Bangladesh.
* Exercise ROTOR CLAP III: The Indian Air Force (IAF) successfully concluded its rotary-wing tactical exercise ROTOR CLAP III at the Pokhran Firing Range in Jaisalmer, Rajasthan.
* Launch of Diving Support Craft (DSC A24): The Indian Navy launched DSC A24, the 5th and final vessel of the Diving Support Craft project, built by Titagarh Rail Systems Ltd.
* TRAI Revamps 'MyCall' App: The Telecom Regulatory Authority of India launched a major overhaul of its MyCall app to allow mobile users to report real-time call quality issues and dropped calls.
5. International Affairs & World News
* BRICS Anti-Corruption Meetings in Hyderabad: Hyderabad hosts the 2nd meeting of the BRICS Anti-Corruption Working Group and Asset Recovery Expert Network on 4–5 August 2026.
* New UNESCO World Heritage Additions: The 48th Session of the UNESCO World Heritage Committee added 25 new sites (19 cultural, 5 natural, 1 mixed), taking the global total to 1,273 sites across 173 countries.
* Adopted the Busan Declaration on World Heritage, establishing "Collaboration" as the 6th 'C' alongside Conservation, Credibility, Capacity-building, Communication, and Community.
6. Appointments & Persons in News
* Ambassador to Iran: Vishwesh Negi (IFS: 2002 batch) has been appointed as India’s next Ambassador to the Islamic Republic of Iran.
* IndiGo Leadership: Willie Walsh officially assumed charge as the Chief Executive Officer (CEO) of IndiGo.
* Tribute to Pingali Venkayya: Prime Minister Narendra Modi paid national tributes to freedom fighter and designer of the Indian National Flag, Pingali Venkayya, on his 150th birth anniversary.
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