Current Affairs

PIB Daily · Indian Economy

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05 August 2026

GS-3PIB Daily05 Aug 2026pib.gov.in

Industry-Aligned Skill Development and Apprenticeship Promotion

The article details the National Apprenticeship Promotion Scheme (NAPS), launched in 2016 and continuing as NAPS-2 since 2022-23, aimed at boosting apprenticeship training and engagement across India. It highlights various government initiatives by the Ministry of Skill Development and Entrepreneurship (MSDE) to strengthen industry collaboration for skill development, including the establishment of NCVET and Sector Skill Councils, DGT's Flexi MoU and Dual System of Training, PMKVY's focus on Industry 4.0 skills, and the integration of vocational education through NEP 2020 and AEDP. The scheme provides stipend support via DBT, encourages women's participation, and ensures apprentice safety and welfare under the Apprentices Act, 1961, which was amended in 2014 to introduce Optional Trades.

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GS-3PIB Daily05 Aug 2026pib.gov.in

Strengthening Varanasi's Role as a Global Spiritual Destination Through Modern Connectivity

The Union Cabinet has approved the development of a 46.039 km six-lane Greenfield Ganga Elevated Corridor in Varanasi, proposed by the Ministry of Road Transport & Highways (MoRTH), at a cost of ₹14,447.64 crore. This project aims to significantly decongest Varanasi's urban transport network, improve connectivity to major spiritual and cultural landmarks, enhance the pilgrimage experience, boost the local economy through tourism and allied sectors, and strengthen multimodal connectivity in alignment with the PM Gati Shakti National Master Plan.

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GS-3PIB Daily05 Aug 2026pib.gov.in

India witnesses significant Growth in the Chemicals & Petrochemicals Sector over the last 12 Years

The article highlights the significant growth and development in India's Chemicals & Petrochemicals sector over the last twelve years, driven by policy reforms, infrastructure development, capacity building, skill development, quality enhancement, and investment promotion initiatives by the Department of Chemicals & Petrochemicals (DCPC). Key initiatives include the Chemical Promotion and Development Scheme (CPDS), establishment of Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs), Plastic Parks, and Centres of Excellence. The sector has seen substantial FDI inflow and job creation. Emphasis has been placed on safe and judicious use of pesticides, training for hazardous chemical handling, Quality Control Orders (QCOs), and plastic waste management through bodies like HIL (India) Limited, Institute of Pesticide Formulation Technology (IPFT), and Central Institute of Petrochemicals Engineering & Technology (CIPET). The recently approved BHAVYA Rasayan Scheme aims to establish three Chemical Parks based on a cluster-based plug-and-play model, promoting domestic manufacturing and circular economy principles.

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GS-3PIB Daily05 Aug 2026pib.gov.in

Indian Railways Utilises More Than ₹1.14 Lakh Crore Till July 2026, About 39 Percent of the ₹2.93 Lakh Crore Budget Grant for FY 2026-27

The article details Indian Railways' significant progress in modernizing its operations, highlighting the utilization of over ₹1.14 lakh crore of its ₹2.93 lakh crore budget grant for FY 2026-27. Key areas of focus include enhanced safety through the indigenous Kavach Automatic Train Protection (ATP) system (Version 4.0 deployed on major routes), increased speed potential across its network (81% tracks upgraded to 110 Kmph and above, Mission Raftaar for 160 Kmph on Golden Quadrilateral), and substantial infrastructure augmentation (doubling new track commissioning rate). Additionally, it emphasizes comprehensive capacity building and skill upgradation for employees through extensive training programs and the role of Gati Shakti Vishwavidyalaya in logistics and freight operations.

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GS-3PIB Daily05 Aug 2026pib.gov.in

PARLIAMENT QUESTION: SPACE VENTURE CAPITAL FUND

The Antariksh Venture Capital Fund (AVCF), a SEBI-registered Category II Alternative Investment Fund (AIF), has been established with contributions from IN-SPACe to provide equity capital to emerging space-tech startups. Its primary objective is to support technology development, commercialization, and scaling of operations for these startups, contributing to India's space ambitions. As of July 2026, IN-SPACe's total contributions stood at ₹188.93 Crores, with three startups already selected for investment. The fund's operations and investments are governed by SEBI (Alternative Investment Funds) Regulations.

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GS-3PIB Daily05 Aug 2026pib.gov.in

REFORMS IN COAL SECTOR

The article details the comprehensive structural and procedural reforms undertaken by the Indian government in the coal sector over the last five years. Key changes include a shift from allotment to open competitive auction for coal blocks, opening commercial coal mining in 2020, and initiatives for efficiency, ease of doing business, and technology adoption. The reforms also emphasize environmental sustainability through bio-reclamation and blast-free mining. India's domestic coal production has significantly increased, crossing 1 Billion Tonnes for two consecutive years. An Integrated Coal Logistics Plan and First Mile Connectivity (FMC) projects are underway to improve multimodal logistics. Additionally, the Coal Exchange Rules, 2026, have been notified to establish a regulated online trading platform for coal.

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GS-3PIB Daily05 Aug 2026pib.gov.in

DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore

The Directorate of Revenue Intelligence (DRI) seized 364 MT of Pakistan-origin dry dates and 14 MT of Pakistan-origin Guggul resin, collectively valued at over Rs. 4.4 crore. The goods were illegally imported by mis-declaring their country of origin and routing them through third countries like the UAE and Dubai, in an attempt to circumvent India's prohibition on imports from Pakistan as per the Foreign Trade Policy, 2023. The Guggul resin is listed in CITES Appendix II and categorized as Critically Endangered by IUCN.

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GS-3PIB Daily05 Aug 2026pib.gov.in

Roads Reimagined: The Rise of India’s Electric Vehicles Ecosystem

The article details India's rapid transition to an Electric Vehicle (EV) ecosystem, driven by government policies, technological advancements, and environmental awareness. It highlights the significant growth in EV sales and exports, positioning India as an emerging EV manufacturing hub. Key government initiatives like the National Electric Mobility Mission Plan (NEMMP 2020), FAME India scheme, various PLI schemes (Automobile & Auto Components, ACC Battery Storage), PM E-DRIVE, PM e-Bus Sewa, and SPMEPCI are discussed, along with their objectives to boost domestic manufacturing, reduce fossil fuel dependence, and curb pollution. The article also covers the expansion of charging infrastructure, the role of startups, rising investments, and the introduction of the India Electric Mobility Index (IEMI) by NITI Aayog. It emphasizes the economic opportunities, energy security, and climate strategy aspects of this shift, including the role of CAFE norms and concessional GST rates.

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03 August 2026

GS-3PIB Daily03 Aug 2026pib.gov.in

Union Minister Jyotiraditya Scindia to convene Investors’ Meet along with MP CM Mohan Yadav to attract Investment for Telecom Manufacturing Zone in Gwalior

The article details the ongoing efforts to attract investments for India's first Telecom Manufacturing Zone (TMZ) in Gwalior, Madhya Pradesh. Union Minister Jyotiraditya Scindia and MP CM Mohan Yadav are convening an Investors' Meet to mobilize industry participation and investments. The initiative aims to achieve 'Aatmanirbhar Bharat' in the telecommunications sector by strengthening domestic value chains, reducing import dependence, promoting indigenous manufacturing, boosting exports, and positioning India as a global telecom hub. Initial investment commitments of ₹3,500 crore have been secured, with an expected total investment exceeding ₹10,000 crore.

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GS-3PIB Daily03 Aug 2026pib.gov.in

MODERNISATION OF THE POWER SECTOR AND RELIABLE ELECTRICITY SUPPLY

The article details the modernization efforts in India's power sector, highlighting that electricity is a concurrent subject with shared responsibilities between central and state governments. It reports significant capacity additions in both fossil fuel and non-fossil fuel sources, including Battery Energy Storage Systems (BESS), and expansion of transmission lines. Key achievements include a reduction in AT&C losses from 21.91% in FY21 to 15.04% in FY25, and distribution utilities achieving a profit after tax (PAT) for the first time since the Electricity Act, 2003. The article also notes increased power supply hours in rural and urban areas, emphasizing measures like Renewable Energy (RE) integration, grid modernization, and energy storage to strengthen long-term energy security and reduce dependence on imported fossil fuels.

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GS-3PIB Daily03 Aug 2026pib.gov.in

Indian Railways Records 9% Growth in Freight Loading in July 2026 Compared to July 2025; Loads Over 141 Million Tonnes in July This Year

Indian Railways recorded significant operational growth in July 2026 compared to July 2025, with a 9% increase in freight loading to 141.3 million tonnes and an 8% rise in freight revenue. Key commodities like Iron Ore, Coal, Food Grains, and Fertilizers saw healthy year-on-year growth, reflecting strong demand from infrastructure, manufacturing, and agricultural sectors. Passenger traffic also grew, indicating enhanced rail connectivity. This performance highlights Indian Railways' crucial role in supporting economic growth, strengthening logistics, and ensuring energy security.

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GS-3PIB Daily03 Aug 2026pib.gov.in

Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- sigma platform incorporating in-built validation checks, AI-enabled chatbot, and multilingual interfaces

The Ministry of Statistics and Programme Implementation (MoSPI) has undertaken significant measures to modernize India's national statistical ecosystem. Key initiatives include adopting digital platforms like Computer Assisted Personal Interview (CAPI) integrated with e-sigma for National Sample Surveys, reforming macroeconomic statistics by revising base years for GDP, CPI, and IIP, and implementing data harmonization/standardization frameworks such as NMDS 2.0 and SQAF. MoSPI has also aligned with global statistical standards like UNFPOS, UN System of National Accounts, and IMF's SDDS, and developed the SDG-NIF. Additionally, it has operationalized PAIMANA for monitoring Central Sector Infrastructure Projects.

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