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.
₹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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