Daily Current Affairs

Current Affairs — 4 November 2026

01Banking & Economy

Cabinet approves ₹14,500 crore Viability Gap Funding for 92 GWh of grid-scale energy storage

  • The Union Cabinet approved a Viability Gap Funding (VGF) scheme of ₹14,500 crore for 2026-27 to 2030-31.
  • Target: 92 GWh of new storage, made up of 60 GWh pumped storage, 30 GWh battery energy storage (BESS) and 2 GWh from other technologies.
  • Expected investment is about ₹97,600 crore. Battery storage projects need at least 40% domestic content.
Exam point: Viability Gap Funding is one-time government support that makes an economically useful but not yet commercially viable project bankable. Storage lets solar and wind power be used after sunset or when the wind drops.

Revise: Government schemesBanking history of India

₹2,814 crore Capex Support Scheme to set up lithium and nickel processing plants

  • The Cabinet approved the Capex Support Scheme to Promote Critical Mineral Processing with an outlay of ₹2,814 crore for 2026-27 to 2030-31.
  • It gives a 30% capital subsidy for four plants: two lithium plants (at least 30 kilotonnes each) and two nickel plants (at least 50 kilotonnes each).
  • Support is capped at ₹500 crore per lithium beneficiary and ₹900 crore per nickel beneficiary.
Exam point: Beneficiaries are chosen by a technical assessment followed by competitive bidding, and the subsidy is released in three milestone-linked instalments. Lithium and nickel are key battery minerals.

Revise: Government schemes

VISTAR: ₹4,371.10 crore scheme to modernise India's statistical system

  • The Cabinet approved VISTAR, the Viksit Bharat Initiative for Statistical Transformation, Analytics & Research, with ₹4,371.10 crore for 2026-27 to 2030-31.
  • It is a Central Sector Scheme of the Ministry of Statistics and Programme Implementation (MoSPI) with three components, including Support for Statistical Strengthening for States and the Economic Census.
  • It plans 59 surveys in the period (up from 43 major surveys earlier), the 8th Economic Census and a new Headline Index of Services Production.
Exam point: A Central Sector Scheme is fully funded and run by the Centre; a Centrally Sponsored Scheme is shared with the States. MoSPI is India's nodal ministry for official statistics.

Revise: Government schemes

02National

Fast Track Special Courts scheme extended to March 2031; courts to rise from 779 to 850

  • The Cabinet approved continuing the Centrally Sponsored Scheme for Fast Track Special Courts (FTSCs) from 1 April 2026 to 31 March 2031.
  • Outlay ₹3,788.04 crore: Centre ₹2,353.15 crore from the Nirbhaya Fund and States/UTs ₹1,434.89 crore.
  • Functional courts will rise from 779 to 850, including exclusive POCSO courts (399 of the present 779). The courts have disposed of 4,02,457 rape and POCSO cases.
Exam point: The FTSC scheme began on 2 October 2019 for speedy trial of rape cases and cases under the POCSO (Protection of Children from Sexual Offences) Act, 2012.

Revise: Government schemes

TRAI launches 'Network Anubhav' dashboard to map mobile and broadband quality

  • The Telecom Regulatory Authority of India (TRAI) launched Network Anubhav, a geospatial dashboard showing network test results on an interactive map.
  • It uses data from TRAI's MySpeed and MyCall apps and independent drive tests, and shows download and upload speeds by operator and technology.
  • It reports P50 (median) speed, P80 for mobile broadband and P90 for fixed broadband for a chosen area.
Exam point: TRAI Chairman: Anil Kumar Lahoti. TRAI was set up in 1997 under the TRAI Act, 1997.

03Science & Defence

Cabinet approves two-year extension for Agniveers, opening a path to regular service

  • As before, up to 25% of each Agniveer batch will be enrolled as regular soldiers on merit after four years.
  • The remaining 75% can now take an additional two-year engagement, subject to their willingness; it comes with higher pay and an enhanced Seva Nidhi package.
  • After the extension, willing Agniveers can be enrolled into the regular forces, subject to selection criteria. CDS Gen N. S. Raja Subramani briefed the media.
Exam point: The Agnipath scheme was introduced on 14 June 2022 with a four-year term. The first batches are now completing their four years.

Revise: Government schemes

04Sports

India beat New Zealand by five wickets in the first ODI at Auckland

  • India won the first ODI at Eden Park, Auckland, by five wickets under the DLS method, chasing a revised target of 143.
  • Virat Kohli scored 74; Anshul Kamboj was Player of the Match.
  • India lead the series 1-0.
Exam point: DLS (Duckworth–Lewis–Stern) is the method used to set revised targets in rain-shortened limited-overs matches.
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