Jayakrishnan EduTips Daily Digest (6 August 2026) 🇮🇳 NationalThe Lok Sabha passed the Bankers’ Books Evidence Bill, 2026, replacing a colonial-era law to recognize digital and virtual records as admissible court evidence.The Supreme Court Judges (Amendment) Bill, 2026 was introduced in the Rajya Sabha to increase the sanctioned strength of Supreme Court judges to tackle pending cases.Foreign Secretary Vikram Misri paid an official visit to Sri Lanka to strengthen bilateral ties and support dengue control efforts by handing over 500 litres of Technical Malathion. 🌍 InternationalThe US state of Massachusetts and the city of Boston officially declared 15 August as 'India Day' to acknowledge the contributions of the Indian diaspora.Bangladesh opened the July Mass Uprising Memorial Museum at Ganabhaban (the former official residence of Sheikh Hasina) to preserve the history of the 2024 student-led movement. 💰 EconomyThe Reserve Bank of India's Monetary Policy Committee (MPC) kept the key policy repo rate unchanged at 5.25%, maintaining a 'neutral' policy stance.The RBI announced plans to launch a pilot project introducing ₹10 and ₹20 plastic banknotes starting from the next financial year to improve currency durability.IIM Kozhikode launched a state-of-the-art Bloomberg Finance Lab to enhance hands-on financial market analytics training for students. 🗓 Date’s importanceHiroshima Day (6 August): Observed globally to commemorate the victims of the atomic bombing of Hiroshima in 1945 and to advocate peace and nuclear disarmament. 👱‍♂👩‍🦳 Person of the dayT V Somanathan: Cabinet Secretary of India, whose tenure was officially extended by one year by the Central Government. 🏅 SportsIndian Chess Grandmaster R Praggnanandhaa secured the top position in the rapid section of the St. Louis Rapid and Blitz tournament. 🏆 AwardsMassachusetts State Proclamation Award: Granted to the Indian American community by Governor Maura Healey, recognizing leadership across trade, healthcare, and public service. ⭐️ Other important significanceThe Ministry of Finance allowed payment service providers to charge a Merchant Discount Rate (MDR) on large businesses with annual turnovers exceeding ₹50 crore for UPI and RuPay debit card transactions. 📚 Word of the dayAdmissible (Adjective) * Meaning: Acceptable or valid as evidence in a court of law.Example: The new bill ensures that digital banking records are fully admissible during judicial proceedings. 

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.