Daily Current Affairs — 03 August 2026
Daily Current Affairs · 03 August 2026
10 fully-analysed topics · 30 bilingual MCQs · 3 embedded videos · built for UPSC Prelims & Mains
🎯 30 MCQs
🎬 3 Videos
🇮🇳 Hindi + English
UPSC Current Affairs MCQ — 03 August 2026
10 UPSC-standard bilingual MCQs covering today's top stories · 10-sec timer per question
Score yourself as you go. Get a feel for how UPSC-level questions are framed around the day's news.
Economy
Samudra Manthan Scheme (National Offshore Exploration Scheme)
Recently, the Union Cabinet approved 'Samudra Manthan'—the National Offshore Exploration Scheme, translating the Prime Minister's Independence Day 2025 vision of unlocking India's offshore energy potential.
- About: It is a Central Sector Scheme of the Ministry of Petroleum and Natural Gas with an approved outlay of ₹84,084 crore for implementation up to…
- Need: Offshore exploration is highly risky, capital-intensive and technologically complex, with a gestation period of five to ten years
- Objective: The scheme aims to de-risk offshore exploration
- Features: It provides for the acquisition, processing and interpretation of seismic data, along with accelerated deepwater, ultra-deepwater and…
Show 6 more facts
- Infrastructure: It includes common offshore production and evacuation infrastructure
- Financial Allocation: Of the total outlay, ₹43,200 crore is allocated for drilling 60 deepwater exploratory wells, ₹28,534 crore for seismic data…
- Implementation and Risk Sharing: The government will support up to 50% of the eligible drilling cost
- Current Progress: ONGC plans to drill 150 deepwater wells over seven years and assess nearly 5,600 Million Metric Tonnes of Oil Equivalent (MMTOE) of…
- Production and Reserve Targets: Subject to successful exploration
- Significance: The scheme could reduce crude oil imports by nearly ₹1 lakh crore annually
Which statement correctly describes Samudra Manthan Scheme (National Offshore…?
✅ Correct! That fact belongs to this topic.
❌ Not quite — that fact is from another headline. The green option is right.
Economy
Transformative Reforms for Viksit Bharat@2047
As India prepares to celebrate its 100th year of Independence in 2047
- C – Cut the Compliance Burden: India faces 69,000+ compliances under 1,500+ laws
- Strengthen judiciary with more judges, faster trials to curb 'Tareek pe Tareek issue' and tech-enabled contract enforcement.
- Also, electoral funding transparency must be enhanced
- Goods and Services Tax (GST) has demonstrated the strength of Centre–State cooperation
Show 6 more facts
- Advance secure, resilient, and citizen-centric digital systems that bridge the divide and drive inclusive growth.
- L – Labour & Land: Implement labour codes and streamline land acquisition to boost formal jobs and investment.
- I – Inflation Targeting: Strengthen the Consumer Price Index (CPI) basket and improve repo rate transmission for better price stability.
- B – Banks & Bankruptcy: Strengthen banking ecosystem for global competitiveness and speed up resolutions under Insolvency and Bankruptcy Code (IBC).
- E – Ease of Doing Business: Swift implementation of Jan Vishwas Act, 2023 is needed to decriminalise more minor business offences.
- R – Research and Development (R&D): Raise R&D spending to 2% of GDP and integrate private players into innovation ecosystems.
Which statement correctly describes Transformative Reforms for Viksit Bharat@2047?
✅ Correct! That fact belongs to this topic.
❌ Not quite — that fact is from another headline. The green option is right.
Economy
Make in India
Recently, over a dozen "restrictive and discriminatory" conditions which prevented local suppliers from participating in the bidding process were flagged by the Union Government to boost 'Make in India' initiative.
- These conditions were in violation of the Public Procurement (Preference to Make in India) Order
- About: Launched in 2014, Make in India aims to transform the country into a leading global manufacturing and investment destination.
- It is being led by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India.
- The initiative is an open invitation to potential investors and partners across the globe to participate in the growth story of 'New India'.
Show 6 more facts
- Make In India has substantial accomplishments across 27 sectors under Make in India 2.0 which include strategic sectors of manufacturing and services…
- To attract foreign investment for new industrialisation and develop the already existing industry base in India to surpass that of China.
- Target of an increase in manufacturing sector growth to 12-14% per annum over the medium term
- To increase the share of manufacturing sector in the country's Gross Domestic Product from 16% to 25% by 2022
- To create 100 million additional jobs by 2022.
- New Processes: 'Make in India' recognizes 'Ease of Doing Business' as the single most important factor to promote entrepreneurship for which a number…
Which statement correctly describes Make in India?
✅ Correct! That fact belongs to this topic.
❌ Not quite — that fact is from another headline. The green option is right.
Geography
Methane Hydrates in Krishna-Godavari Basin
Recently, a study on biogenic methane hydrate in the Krishna-Godavari (KG) Basin was conducted by the researchers at the Agharkar Research Institute…
- Achievements of Indians in Science & Technology
- Biogenic Methane: It is the methane produced from the metabolic activities of living organisms
- Methane hydrate is a crystalline solid that consists of a methane molecule surrounded by a cage of interlocking water molecules.
- Methane hydrate is an "ice" that only occurs naturally in subsurface deposits where temperature and pressure conditions are favourable for its…
Show 6 more facts
- Difficult to handle: If the ice is removed from this temperature/pressure environment, it becomes unstable
- This causes the ice to melt and the methane to escape.
- Significance of the Study: Methane is a clean and economical fuel.
- It is estimated that one cubic meter of methane hydrate contains 160-180 cubic meters of methane.
- This study revealed maximum methanogenic diversity in the KG basin
- Even the lowest estimate of methane present in the methane hydrates in the KG Basin is twice that of all fossil fuel reserves available worldwide.
Which statement correctly describes Methane Hydrates in Krishna-Godavari Basin?
✅ Correct! That fact belongs to this topic.
❌ Not quite — that fact is from another headline. The green option is right.
Geography
Cauvery Water Dispute
The Cauvery Water Management Authority (CWMA) endorsed the Cauvery Water Regulation Committee (CWRC) order directing Karnataka to release 3,500…
- Karnataka opposed the order, arguing that irrigation has not yet commenced because of inadequate rainfall, while Tamil Nadu considered the allocated…
- Simultaneously, Tamil Nadu has opposed Karnataka's proposed Mekedatu Balancing Reservoir Project, urging the Prime Minister to withhold statutory and…
- Established: Constituted by the Central Government in 2018 under the Cauvery Water Management Scheme
- It comprises two full-time members (Water Resources and Agriculture)
Show 6 more facts
- Determines distress-sharing during deficient rainfall years.
- Monitors reservoir storage, inflows, and outflows through the CWRC.
- Promotes efficient water use through improved irrigation practices.
- About: Known as the "Ganga of the South", the Cauvery is a major east-flowing peninsular river and one of India's longest-running inter-state water…
- Origin & Course: Originates at Talakaveri in the Brahmagiri Hills (Kodagu
- Drainage Basin: Covers about 81,155 sq. km across Karnataka, Tamil Nadu, Kerala, and Puducherry.
5. What was the significance of the Supreme Court's 2018 Cauvery judgment? The Courtreallocated water shares
Which statement correctly describes Cauvery Water Dispute?
✅ Correct! That fact belongs to this topic.
❌ Not quite — that fact is from another headline. The green option is right.
⚖️ Indian Polity MCQ Quiz · भारतीय राजव्यवस्था
10 bilingual MCQs · Indian Polity · Members Only on YouTube
Today's rotation: Indian Polity. Take this break between news topics to sharpen the core concept.
S&T
Samudrayaan Project
Two Indian aquanauts dived into the Atlantic Ocean aboard France's submersible Nautile as part of preparations for the Samudrayaan Project.
- About: Samudrayaan is India's first human deep-sea mission. It is a key component of the Deep Ocean Mission
- It will strengthen India's strategic position by joining the select group of countries (US
- Conduct surveys for mineral deposits, especially polymetallic nodules (containing iron, manganese, cobalt, nickel, rare earths).
- It is expected to withstand an external pressure up to 600bar under low temperature conditions of -3C.
Show 6 more facts
- It is equipped with life-support, acoustic communication, Li-Po batteries, drop-weight escape, and bio-vests for crew health monitoring.
- The development of MATSYA 6000 is a collaboration between the National Institute of Ocean Technology (NIOT)
- Objective: Launched by Ministry of Earth Sciences (MoES) for a period of 5 years (2021-26) to develop technologies for exploring and sustainably…
- It supports climate change research and aligns with UN's 2021–2030 'Decade of Ocean Science for Sustainable Development'
- Deep Sea Mining & Manned Submersible: Development of submersible to reach 6,000 m and mining of polymetallic nodules
- Ocean Climate Change Advisory Services: Observation and modeling of climate variables for seasonal to decadal projections
Which statement correctly describes Samudrayaan Project?
✅ Correct! That fact belongs to this topic.
❌ Not quite — that fact is from another headline. The green option is right.
Simple Current Affairs MCQ — 03 August 2026
10 accessible MCQs covering the same topics · great for quick revision
End your study session with these simpler MCQs to lock in recall of today's current affairs.
