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Daily Current Affairs 4 August 2026

15 News

National

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has released guidelines titled "Norms, Guidelines and Procedures for Implementation of Indian Space Policy-2023 in respect of Authorisation for Undertaking Planned Re-entry of Space Objects".

Under these guidelines, entities of India must obtain approval from IN-SPACe for the planned re-entry of space objects. Foreign entities intending to perform re-entry must apply through an entity incorporated in India. Entities are required to maintain a casualty risk of less than 1 in 10,000 and must submit trajectory and risk assessments for approval.

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International

Defence

Union Minister Rajnath Singh has virtually inaugurated the Department of Military Medicine at the Command Hospital (Central Command) in Lucknow, Uttar Pradesh.

This is the first dedicated academic and operational department in India focused exclusively on military medicine, established under the Directorate General of Medical Services (DGMS) of the Indian Army.

Saudi Arabia and 13 other nations have announced the formation of a Multinational Maritime Defence Alliance to protect shipping in key West Asian waterways and strengthen global maritime security.

The other members include Kuwait, Bahrain, Qatar, Egypt, Jordan, Yemen, Nigeria, Sudan, Djibouti, Turkiye, Pakistan, Bangladesh, and Somalia. Saudi Arabia has been designated as the founding and leading state of the alliance, serving as its permanent secretariat.

Business

The Insurance Regulatory and Development Authority of India (IRDAI) has approved the acquisition of Magma General Insurance from Sanoti Properties (owned by Adar Poonawalla) by Patanjali Ayurved and the DS Group for ₹4,500 crore. Under the share purchase agreement (SPA), Patanjali Ayurved will acquire a 73.56% stake, while the DS Group will acquire a 24.50% stake in the company.

Separately, the IRDAI has granted a licence to ProTec General Insurance, a joint venture (JV) between the M Pallonji Group and Divya Sehgal of True North.

Science

State

The Chhattisgarh government has launched the ‘Decentralised Women Empowerment on Energy and Policy for Transformative Inclusion (DWEEPTI) Yojana’.

It is India’s first women-led distributed Renewable Energy (RE) policy, designed to empower rural Self-Help Groups (SHGs) to function as solar entrepreneurs. With technical support from Tata, 35 women from SHGs have been trained in rooftop solar installation, forming the first cohort of ‘Solar Didis’.

The Tamil Nadu government has signed 4 MoUs with leading global companies to facilitate the establishment of Global Capability Centres (GCCs), Research & Development (R&D) centres, and a manufacturing facility.

As part of these agreements, the state government has also signed an MoU with the University of Western Australia (UWA) to establish its India campus in Velachery, Chennai, with an investment of ₹125 crore.

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