Daily Current Affairs: 1st August 2026
"Hello friends, and welcome to The Tar Education by Target All Rounder (TAR).
In today’s highly competitive era, staying up to date with current affairs is crucial for clearing any competitive examination. Our goal is to ensure that current affairs never become a hurdle in your preparation, but rather your strongest scoring subject.
To save you time and provide you with the most authentic information, we meticulously collect daily news from top national and international sources, including PIB, The Hindu, AIR News, Indian Express, leading Hindi dailies, and major news channels. We provide Daily, Weekly, Monthly, and Yearly Current Affairs along with additional static facts. This content is highly beneficial for exams like UPSC, SSC, Bank, Railway, Defense, Insurance, and all state-level exams.
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We hope our effort proves to be a milestone in your success journey. Best wishes to all of you! Let's dive into today's current affairs:
Daily Current Affairs Question-Answer (Q&A) 1st August 2026 (Special for Competitive Exams)
Q1. Which Pacific island nation has officially changed its name to the 'Republic of Naoero'?
Answer: Nauru
💡 Extra Facts:
The country’s new short name is now Naoero, which is the traditional indigenous name of the country.
The country code (NRO) remains unchanged.
Citizens will now be known as 'dei-Naoero'.
Nauru is the third smallest country in the world by area (after Vatican City and Monaco).
Q2. According to the recent report by the Competere Foundation, what is India's new rank in the 'Global Competitiveness Reforms Ranking'?
Answer: 57th Rank
💡 Extra Facts:
Competitiveness Index: Such rankings evaluate a country's economic reforms, ease of doing business, and institutional strength.
This improvement in India's ranking has been driven by the government's structural reforms and initiatives to promote the 'Ease of Doing Business'.
Q3. Who has become the first woman Chief of the Geological Survey of India (GSI)?
Answer: Varsha Aglawe
💡 Extra Facts:
Geological Survey of India (GSI): It was established on March 4, 1851.
It is a scientific agency functioning under the Ministry of Mines, Government of India.
Its headquarters is located in Kolkata.
Q4. Indian Railways successfully transported a 'live donor heart' for the first time through which train?
Answer: Vande Bharat Express
💡 Extra Facts:
Vande Bharat Express: It is India's first indigenous, semi-high-speed train, initially named 'Train 18'.
Its first service was launched on February 15, 2019, between New Delhi and Varanasi.
Using railways for organ transport will help create green corridors and deliver life-saving support quickly during medical emergencies.
Q5. Prime Minister Narendra Modi recently inaugurated which new international airport to boost connectivity in Andhra Pradesh?
Answer: Bhogapuram International Airport
💡 Extra Facts:
Bhogapuram Airport: Its official name has been kept as 'Alluri Sitarama Raju International Airport'.
It is located in the Vizianagaram district of Andhra Pradesh and will primarily serve the Visakhapatnam metropolitan area.
This greenfield airport has been developed by the GMR Group under the Public-Private Partnership (PPP) model.
Q6. Which sacred tribal wall art tradition of Gujarat recently received the Geographical Indication (GI) Tag recognition?
Answer: Pithora Painting
💡 Extra Facts:
Pithora Painting: It is a centuries-old wall art tradition of the Rathwa, Bhil, and Bhilala tribal communities of Gujarat.
This painting is mainly practiced in the Chhota Udepur and Panchmahal regions.
It is named after their tribal deity 'Pithora Dev', considered the god of marriage and prosperity. It uses completely natural pigments.
Q7. Amid strong economic growth, India’s GST collections for July (2026) surged by what percentage?
Answer: 15 Percent
💡 Extra Facts:
GST (Goods and Services Tax): It was implemented in India on July 1, 2017, introduced under the 101st Constitutional Amendment Act (122nd Constitutional Amendment Bill).
It is an Indirect Tax.
GST Council: Formed under Article 279A of the Constitution, it is chaired by the Union Finance Minister of the country (currently Nirmala Sitharaman).
Q8. What was India's Fiscal Deficit recorded during the first quarter of the financial year 2026-27 (FY27)?
Answer: ₹3.1 Trillion (₹3.1 Lakh Crore)
💡 Extra Facts:
Fiscal Deficit: It is the difference between the government's total expenditure and its total revenue (excluding borrowings).
In simple terms, it indicates how much borrowing the government needs from the market to meet its expenses.
Q9. Registering a recent rise, India's foreign exchange reserves have increased to how much?
Answer: $682.35 billion
💡 Extra Facts:
India's foreign exchange reserves are managed and controlled by the Reserve Bank of India (RBI).
India's forex reserves primarily include four components:
Foreign Currency Assets (FCA)
Gold Reserves
Special Drawing Rights (SDRs)
Reserve Tranche Position in the International Monetary Fund (IMF)
Q10. The Central Government has extended the tenure of whom as the Chairperson of the International Financial Services Centres Authority (IFSCA)?
Answer: K Rajaraman
💡 Extra Facts:
IFSCA: The International Financial Services Centres Authority was established on April 27, 2020.
Its headquarters is located in GIFT City (Gujarat International Finance Tec-City), Gandhinagar (Gujarat).
It is a unified authority for regulating financial products, services, and institutions in International Financial Services Centres in India.
Q11. The Union Cabinet approved which national scheme with a massive outlay of ₹84,084 crore to boost offshore oil and gas exploration?
Answer: Samudra Manthan National Offshore Exploration Scheme
💡 Extra Facts:
Objective: The scheme aims to accelerate the exploration of oil and gas reserves in deepwater and untapped offshore basins to strengthen India's energy security.
Nodal Ministry: It will be implemented by the Ministry of Petroleum and Natural Gas by the year 2030-31.
The government expects this to lead to the discovery of hydrocarbon reserves exceeding 600 Million Metric Tonnes of Oil Equivalent (MMTOE).
Q12. National Security Adviser (NSA) Ajit Doval has been honoured with which prestigious national award for the year 2026?
Answer: Lokmanya Tilak National Award 2026
💡 Extra Facts:
Lokmanya Tilak National Award: This award was instituted in 1983 by the 'Lokmanya Tilak Trust' (Pune).
It is given annually on August 1 (the death anniversary of Lokmanya Bal Gangadhar Tilak) to individuals who have made remarkable contributions to nation-building.
Ajit Doval has been serving as the National Security Adviser (NSA) of India since 2014.
Q13. The Central Government has extended the PM-KISAN scheme with financial support of ₹3.15 lakh crore until which year?
Answer: Till the year 2030
💡 Extra Facts:
PM-KISAN (Pradhan Mantri Kisan Samman Nidhi): This scheme was launched on February 24, 2019, from Gorakhpur, Uttar Pradesh.
Under this scheme, eligible farmer families are provided financial assistance of ₹6,000 per year in three equal installments (₹2,000 each) directly into their bank accounts via DBT.
It is a 'Central Sector Scheme' funded 100% by the Central Government.
Q14. Who has been named as India's next Military Medical Chief?
Answer: Air Marshal Sandeep Thareja
💡 Extra Facts:
Air Marshal Sandeep Thareja has been appointed as the Director General Armed Forces Medical Services (DGAFMS).
DGAFMS is the apex organization under the Ministry of Defence, Government of India, responsible for providing supreme medical support and healthcare policy to the Armed Forces (Army, Navy, Air Force).
Q15. Tech company IBM has joined forces with which Indian AI startup to build India’s 'Sovereign AI' future?
Answer: Sarvam AI
💡 Extra Facts:
Sovereign AI: It means an Artificial Intelligence ecosystem that is entirely based on a country's own data, infrastructure, and cultural/linguistic contexts.
IBM (International Business Machines Corporation): It is a renowned American multinational technology corporation headquartered in New York. Its current CEO is Arvind Krishna (of Indian origin).
Q16. The Union Cabinet approved which scheme with a budget of ₹36,441 crore to build Olympic champions and enhance support for National Sports Federations (ANSFs)?
Answer: Revamped Khelo India Scheme
💡 Extra Facts:
Khelo India Programme: This programme was launched in 2018 to strengthen the sports culture in India at the grassroots level and identify sporting talent.
This massive investment aims to prepare India as a sporting superpower for future Olympic Games (especially for the potential 2036 Indian bid).
Q17. The Union Cabinet approved which scheme with an outlay of ₹5,070 crore for installing floating solar panels for clean energy?
Answer: Pradhan Mantri Surya Sarovar Yojana (PM-SSY)
💡 Extra Facts:
Objective: The main objective of this scheme is to install floating solar panels on the surface of India's water bodies (like lakes, reservoirs, and canals).
This will save land, generate clean energy, and also help conserve water by preventing evaporation from the water bodies.
India aims to achieve 500 GW of non-fossil fuel energy capacity by 2030.
Q18. 'World Wide Web Day' is observed annually on which date to celebrate the digital connectivity revolution?
Answer: August 1
💡 Extra Facts:
This day marks the anniversary of the invention of the World Wide Web (WWW), which revolutionized how the world uses the internet.
The WWW was invented in 1989 by British computer scientist Sir Tim Berners-Lee.
Q19. Who created history by becoming the first Indian athlete to win a medal in the Decathlon at the Commonwealth Games 2026 (Glasgow)?
Answer: Tejaswin Shankar
💡 Extra Facts:
Tejaswin Shankar made history by winning the Bronze Medal in the men's decathlon event.
He became the first Indian to win a Commonwealth Games medal in the decathlon.
Decathlon: It is a combined athletics event consisting of 10 track and field events (like 100m sprint, long jump, shot put, high jump, etc.) held over two days, considered the ultimate test of an athlete's stamina.
Q20. Who became the first Indian man to win a Judo Gold medal (in the 60 kg category) at the Commonwealth Games 2026?
Answer: Harsh Singh
💡 Extra Facts:
23-year-old Harsh Singh won the Gold Medal in the men's 60 kg judo event by defeating Australia's Joshua Katz in the final.
This victory came at the 2026 Commonwealth Games held in Glasgow (Scotland).
With this, he became the first Indian man to win a Commonwealth Games judo gold.
Q21. Who became the first Indian athlete to win a Commonwealth Games Judo Gold Medal by winning the final in the women's 48 kg category?
Answer: Asmita Dey
💡 Extra Facts:
Asmita Dey won the Gold Medal by defeating Canada's Heidi Quach in the final.
She became the first Indian (woman) to win a judo gold medal in the history of the Commonwealth Games.
Q22. 'World Lung Cancer Day' is observed every year on which date to raise awareness for early detection?
Answer: August 1
💡 Extra Facts:
Lung cancer is one of the leading causes of cancer-related deaths globally.
The theme for the year 2026 is "Together through Lung Cancer".
Q23. Who was the 14th Chief of the Army Staff (COAS) of India who passed away on July 31, 2026, at the age of 95?
Answer: Former Army Chief General Vishwa Nath (V.N.) Sharma
💡 Extra Facts:
General V.N. Sharma served as the Chief of the Army Staff from 1988 to 1990.
He had an illustrious military career, and his contributions to the nation's security will always be remembered.
The current Chief of the Army Staff of India is General Upendra Dwivedi.
Q24. Recently, the Asian Development Bank (ADB) approved a loan of how many US dollars to support Urban Transformation in India?
Answer: USD 1 Billion
💡 Extra Facts:
This loan will be provided to strengthen urban infrastructure development, water supply, and sustainable urban planning across various cities in India.
Asian Development Bank (ADB): It was established on December 19, 1966. Its headquarters is located in Manila, Philippines. Its current President is Masatsugu Asakawa.
Q25. The Indian Navy recently inducted which indigenous 'Diving Support Vessel' into its fleet?
Answer: INS Nipun
💡 Extra Facts:
Diving Support Vessel (DSV): It is a specialized ship that assists the Navy in deep-sea diving operations, search, and submarine rescue missions.
It has been built entirely with indigenous technology under the 'Make in India' initiative.
To salute the strength of the Indian Navy, Navy Day is celebrated every year on December 4 in India.
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