National Daily Current Affairs: 05/07/2026

National Schemes & Policies in News 🏛️

The Union Minister of Commerce and Industry, Shri Piyush Goyal, has emphasized the full utilization of the BHAVYA (Bharat’s High Value-added Yield & Augmentation) Scheme to prioritize exports. This scheme is designed to enhance India's manufacturing capabilities and streamline the supply chain for high-value exports, aligning with the vision of 'Viksit Bharat'. Additionally, the Academic Bank of Credits (ABC) and the APAAR (Automated Permanent Academic Account Registry) system have been highlighted as critical components of the National Education Policy (NEP) 2020, providing a 'One Nation, One Student ID' to simplify academic transitions.

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Exam-Oriented Current Affairs & Key Facts 📝

• Science & Technology: Union Minister Ashwini Vaishnaw announced that India has entered a new era in semiconductors as CG SEMI’s Outsourced Semiconductor Assembly and Test (OSAT) facility began commercial production in Sanand, Gujarat.
• International Relations: The India-Israel Bilateral Investment Agreement (BIA) officially came into force on July 4, 2026. This agreement aims to protect and promote investments between the two nations, providing a stable legal framework for investors.
• Diplomacy: Prime Minister Narendra Modi is scheduled for a high-profile visit to Indonesia, Australia, and New Zealand to strengthen bilateral ties and Indo-Pacific cooperation.
• Economy: During the Board of Trade meeting, states were urged to prioritize exports to reach the $2 trillion export target by 2030.
• Infrastructure: The Ministry of Railways is building a standardized path for High-Speed Rail expansion, focusing on domestic technology and indigenous standard gauges.

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One-Liner Revision Notes ⚡

• Commercial production of semiconductors has started at the CG SEMI OSAT facility in Sanand, Gujarat.
• The India-Israel Bilateral Investment Agreement (BIA) is now legally active as of July 4, 2026.
• PM Modi is visiting Rajasthan and Gujarat to inaugurate several development projects worth thousands of crores.
• The BHAVYA scheme is the latest focus for the Board of Trade to boost India's export share.
• APAAR ID is known as the 'One Nation, One Student ID' for all Indian students.
• Raksha Mantri Rajnath Singh stated that India has moved from a 'shortage economy' to a 'Viksit Bharat' path over the last 12 years.
• India is standardizing its High-Speed Rail (Bullet Train) protocols for future pan-India expansion.

MCQs from Current Affairs ❓

Q1: The CG SEMI's OSAT facility, which recently began commercial production, is located in which city?

• A) Noida
• B) Sanand
• C) Bengaluru
• D) Hyderabad

Q2: The Bilateral Investment Agreement (BIA) that came into force on July 4, 2026, involves India and which other country?

• A) UAE
• B) Israel
• C) USA
• D) Japan

Q3: What does the acronym 'APAAR' stand for in the context of the National Education Policy?

• A) Academic Performance And Assessment Registry
• B) Automated Permanent Academic Account Registry
• C) Advanced Program for Academic Achievement and Research
• D) Allied Professional Academic Association Record

Q4: Which Union Ministry is primarily responsible for the implementation of the BHAVYA scheme?

• A) Ministry of Finance
• B) Ministry of External Affairs
• C) Ministry of Commerce and Industry
• D) Ministry of MSME

Q5: Prime Minister Modi's upcoming visit in July 2026 includes which of the following groups of countries?

• A) Indonesia, Australia, and New Zealand
• B) Singapore, Japan, and South Korea
• C) France, Germany, and UK
• D) Brazil, Argentina, and Chile