National Daily Current Affairs: 08/07/2026
Verified Editorial
Source: BharathPulse Exclusive
⚡ Key Takeaways
- India expands National Pension System (NPS) investment choices for Central Autonomous Bodies (CABs) and prepares to host the BRICS Women Ministerial Meeting in Kochi.
- The Prime Minister's visit to Indonesia and the Toy Biz 2026 exhibition further highlight India's diplomatic and economic strides.
National Schemes & Policies in News 🏛️
The Government of India has officially extended additional investment choices under the National Pension System (NPS) to the employees of Central Autonomous Bodies (CABs). Previously, these employees had restricted options compared to the private sector and central government employees; now, they can exercise greater control over their asset allocation between equity, corporate bonds, and government securities.
Additionally, the Ministry of Cooperation continues its push for 'Sahkar Se Samriddhi' (Prosperity through Cooperation), aiming to strengthen the cooperative movement in India through the digitization of PACS (Primary Agricultural Credit Societies). 👉 Prepare for upcoming recruitment tests: Practice Free Exam Mock Tests.
Exam-Oriented Current Affairs & Key Facts 📝
- International Relations: India is set to host the BRICS Women Ministerial Meeting in Kochi, Kerala, from 8-9 July 2026. The meeting will focus on women-led development and gender equality within the BRICS bloc.
- Diplomatic Outcomes: Prime Minister Narendra Modi's visit to Indonesia resulted in several MoUs across maritime security, digital economy, and culture, strengthening the 'Act East Policy'.
- Economy & Industry: Toy Biz 2026, held in New Delhi, showcased India's transition from a net importer to an emerging global hub for toy manufacturing, supported by the PLI (Production Linked Incentive) scheme.
- Governance: The Ministry of Personnel, Public Grievances and Pensions updated the guidelines for Central Autonomous Bodies to bring parity in pension investment flexibility.
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One-Liner Revision Notes ⚡
- Host city for BRICS Women Ministerial Meeting 2026: Kochi, Kerala.
- New Investment choice extension: Employees of Central Autonomous Bodies (CABs).
- Theme of India's Toy Industry progress: From Playrooms to Global Markets.
- Key Diplomatic Visit: Prime Minister's visit to Indonesia (July 2026).
- Core Vision of Ministry of Cooperation: Sahkar Se Samriddhi.
- Event Venue for Toy Biz 2026: New Delhi.
- NPS Regulator: Pension Fund Regulatory and Development Authority (PFRDA).
- Targeted sector for Kochi BRICS meeting: Women-led development.
MCQs from Current Affairs ❓
Q1: Which city will host the BRICS Women Ministerial Meeting in July 2026?
- A) New Delhi
- B) Mumbai
- C) Kochi
- D) Bengaluru
View Answer & Explanation
Correct Answer: C
Explanation: The BRICS Women Ministerial Meeting is scheduled to be held in Kochi, Kerala, from 8-9 July 2026.
Q2: The government recently extended additional NPS investment choices to which category of employees?
- A) State Government Employees
- B) Central Autonomous Bodies (CABs) Employees
- C) Private Sector Employees only
- D) Defense Personnel only
View Answer & Explanation
Correct Answer: B
Explanation: The Ministry has expanded the choice of investment patterns for employees of Central Autonomous Bodies (CABs) to bring them on par with other sectors.
Q3: 'Sahkar Se Samriddhi' is the vision of which Union Ministry?
- A) Ministry of Agriculture and Farmers Welfare
- B) Ministry of Cooperation
- C) Ministry of Finance
- D) Ministry of Rural Development
View Answer & Explanation
Correct Answer: B
Explanation: 'Sahkar Se Samriddhi' is the core vision of the Ministry of Cooperation, aimed at boosting the economy through cooperative societies.
Q4: Toy Biz 2026, an international B2B exhibition, was recently organized in which city?
- A) Chennai
- B) Hyderabad
- C) New Delhi
- D) Ahmedabad
View Answer & Explanation
Correct Answer: C
Explanation: Toy Biz 2026 was held in New Delhi to promote the Indian toy industry and its presence in global markets.
Q5: Who regulates the National Pension System (NPS) in India?
- A) IRDAI
- B) SEBI
- C) PFRDA
- D) RBI
View Answer & Explanation
Correct Answer: C
Explanation: The Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body for NPS under the jurisdiction of the Ministry of Finance.
