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
· PROPINQUITY
o 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.