1.    🇮🇳National·       Free Coaching Programme for Science Students Launched: The Delhi Government launched a one-year free competitive exam coaching scheme for Class 12 science stream students in government schools, collaborating with the Dakshana Foundation for JEE and NEET preparation.·       Strict Guidelines on GLP-1 Weight-Loss Drug Ads: The Ministry of Health and Consumer Affairs intensified surveillance on pharmaceutical promotions to curb surrogate advertising of GLP-1 analogue weight-loss medications.·       National Food Safety Directive on Label Claims: The Food Safety and Standards Authority of India (FSSAI) issued orders barring commercial brands from using "100% natural" claims on honey and ghee without scientific verification.2.    🌍International·       US–Iran Diplomatic Talks: US President Donald Trump stated that renewed diplomatic negotiations represent a final opportunity for Iran to establish a formal agreement and avert further military strikes.·       Severe Landslide Hits Ethiopia: A massive landslide near a religious pilgrimage site in northern Ethiopia resulted in 14 fatalities, triggering large-scale search and rescue operations.·       World's Youngest Male Professor Record: An 18-year-old academic in the United States set a world record by becoming the youngest male university professor, breaking a 306-year-old global record.3.    💰Economy·       MDR Fee Allowed on High-Turnover UPI Transactions: The Ministry of Finance permitted banks and payment service providers to charge a Merchant Discount Rate (MDR) on UPI and RuPay debit card transactions at large commercial platforms with annual turnovers exceeding ₹50 crore.·       Proposed Tax Exemption Extension for Fund Management: The Ministry of Finance proposed relaxing tax rules under the Income-tax Act for Eligible Investment Funds managed from India and extending contract manufacturing tax exemptions by 10 years.·       Apple India Sales Cross $10 Billion: Tech giant Apple crossed the $10 billion milestone in annual revenue in India, supported by expanded local manufacturing and retail store footprints.4.    🗓Date’s importance·       Hiroshima Day Eve / National Awareness (5 August): Observed as a day of diplomatic reflection on nuclear non-proliferation ahead of Hiroshima Day (6 August), emphasizing global peace and disarmament.5.    👱‍♂👩‍🦳Person of the day·       Neeraj Chopra: Double Olympic medallist javelin thrower spotlighted ahead of his participation in the Lausanne Diamond League (Athletissima) event following his silver medal achievement at the Commonwealth Games.6.    🏅Sports·       Lausanne Diamond League Roster Confirmed: India's Neeraj Chopra is set to compete in a world-class field at the Lausanne Diamond League javelin event on 21 August.·       Pakistan Appoints Batting Coach: The Pakistan Cricket Board appointed former South African first-class cricketer Michael Smith as the new batting coach for the national men's cricket team.7.    🏆Awards·       Felicitation of CWG Weightlifting Contingent: Union Sports Minister Mansukh Mandaviya officially felicitated India's Commonwealth Games weightlifting squad in New Delhi for their medal-winning performances.8.    ⭐️Other important significance·       Action Against Unsolicited Commercial Communication: The Telecom Regulatory Authority of India (TRAI) disconnected over 1.83 lakh telecom resources to tackle spam calls and unsolicited commercial messages across telecommunication networks.9.    📚Word of the day·       SURROGATEo   Meaning: (Adjective) Acting as a substitute or proxy for another person or product, often used in advertising context to promote restricted items indirectly.o   Usage in Exams: Regulators placed strict restrictions on surrogate marketing campaigns used by pharmaceutical companies for weight-loss drugs. 

1.    🇮🇳National·       Australia Opens New Consulate-General in Bengaluru: Australia officially established its new Consulate-General in Bengaluru alongside UNSW Sydney setting up its campus in Karnataka to expand bilateral education and technological cooperation.·       Push for Special Courts Under NDPS Act: The Union Ministry of Home Affairs urged state governments to set up special fast-track courts to clear over 3.9 lakh pending drug trafficking cases nationwide under the NDPS Act.·       Inter-State River Water Dispute: Tamil Nadu filed a petition in the Supreme Court seeking urgent directions to Karnataka regarding the release of Cauvery water as per the Cauvery Water Disputes Tribunal (CWDT) award.2.    🌍International·       UNESCO Adopts SIDS Heritage Strategy: The UNESCO World Heritage Committee adopted the World Heritage Strategy for Small Island Developing States (SIDS) 2026–2034, allocating $13 million to safeguard vulnerable island heritage sites from climate impacts.·       Seismic Activity in Egypt: A 5.4-magnitude earthquake struck regions across Egypt, prompting emergency response authorities to initiate structural safety assessments.3.    💰Economy·       RBI Tightens Bulk Deposit Norms: The Reserve Bank of India issued revised guidelines tightening transparency requirements for commercial bank bulk deposit interest rates while permitting liquidity coverage ratio-linked pricing.·       LIC Stake Divestment Plan: The Government of India finalized plans to divest a 6.5% stake in Life Insurance Corporation of India (LIC) through an Offer for Sale (OFS) to raise over ₹30,000 crore.4.    🗓Date’s importance·       International Coast Guard Day (4 August): Commemorates the establishment of the Revenue Cutter Service on 4 August 1790, honoring maritime security personnel worldwide.5.    👱‍♂👩‍🦳Person of the day·       Prashant Kishor: Jan Suraaj Party founder who achieved a landmark political victory in the Bankipur Assembly by-election in Bihar.6.    🏅Sports·       Tanvi Sharma Claims BWF Title: Indian shuttler Tanvi Sharma clinched her maiden BWF Super 300 title at the Taipei Open, becoming one of the youngest Indian women's singles players to achieve a major tour title.·       Auqib Nabi Named in Test Squad: Jammu & Kashmir pace bowler Auqib Nabi received his maiden national call-up to the Indian Test squad for the tour of Sri Lanka.7.    🏆Awards·       2026 Women Leaders Recognition List: Roshni Nadar Malhotra, Chairperson of HCL Technologies, topped the Wealth Multipliers category in the 2026 Women Leaders Recognition List with a corporate net valuation of ₹2,84,120 crore.8.    ⭐️Other important significance·       AI-First Executive MBA Launched by IIM Calcutta: The Indian Institute of Management Calcutta launched its first AI-First Online MBA programme tailored for working professionals, offering full degree status and alumni recognition.9.    📚Word of the day·       PROPINQUITYo   Meaning: (Noun) The state of being close to someone or something; proximity or nearness in place, time, or relationship.o   Usage in Exams: Cross-border trade agreements often leverage the physical propinquity of neighbouring states to reduce logistics costs. 

1) 🇮🇳NationalInauguration of Alluri Sitarama Raju International Airport: Prime Minister Narendra Modi officially inaugurated the greenfield Alluri Sitarama Raju International Airport at Bhogapuram near Visakhapatnam, emphasizing Andhra Pradesh's rapid growth as an industrial and logistics hub.NEET PG 2026 Examination Reforms: The Ministry of Health and Family Welfare, alongside the National Board of Examinations in Medical Sciences (NBEMS), announced candidate-centric administrative reforms for NEET PG 2026 to improve test center allocation and exam security.Statewide Disaster Response in Kerala: Severe monsoon rainfall and landslides across Kerala prompted the state administration to set up over 200 relief camps and deploy National Disaster Response Force (NDRF) teams for emergency operations.2) 🌍InternationalUS–Iran Diplomatic Framework Agreement: Diplomatic discussions between the United States and Iran yielded a peace agreement focused on ensuring uninterrupted commercial transit through the Strait of Hormuz and nuclear non-proliferation commitments.Broad Peak Mountaineering Casualty: World-renowned Nepalese mountaineer Nirmal Purja ('Nimsdai') lost his life following an avalanche while leading an expedition at Broad Peak in Gilgit-Baltistan.3) 💰EconomyRBI MPC Rate Decision Outlook: The Reserve Bank of India’s Monetary Policy Committee (MPC) is anticipated to keep the benchmark repo rate steady at its upcoming meeting to maintain price stability amid global commodity market fluctuations.Patanjali Group Sectoral Expansion: Consumer goods conglomerate Patanjali announced strategic diversification into green renewable energy and insurance services.4) 🗓Date’s importanceWorld Watermelon Day (3 August): Observed globally to recognize the horticultural importance, trade value, and nutritional benefits of watermelon cultivation during summer harvesting seasons.5) 👱‍♂👩‍🦳Person of the dayTejaswin Shankar: The Indian multi-discipline athlete created history at the Commonwealth Games 2026 by becoming the first Indian decathlete to win a medal at the Games, making him the first Indian track-and-field athlete to win CWG medals across two different editions.6) 🏅SportsHistoric CWG Medal in Decathlon: Tejaswin Shankar delivered a landmark performance in Glasgow to secure India's first-ever decathlon medal at the Commonwealth Games.Maiden Men's Judo Gold at CWG: Judoka Harsh Singh defeated Australia's Joshua Katz in the final to win India's first-ever gold medal in men's judo at the Commonwealth Games.7) 🏆AwardsNational Sports Commendations Announced: The Union Sports Ministry announced monetary incentives and national commendations for Commonwealth Games podium finishers across athletics, weightlifting, and judo.8) ⭐️Other important significanceExtension of Khelo India Scheme: The Union Cabinet approved the continuation of the revamped Khelo India Scheme with an outlay of ₹36,441 crore through FY 2030–31 to strengthen grassroots talent identification and infrastructure.📚Word of the dayDECATHLONMeaning: (Noun) A combined athletic competition consisting of ten distinct track and field events held over two consecutive days.Usage in CA: Tejaswin Shankar scripted history for Indian sports by clinching a podium finish in the multi-event decathlon at the Commonwealth Games.