UPSC Current Affairs for 2026-08-03

Use this daily collection to understand why each development matters, then verify time-sensitive facts through the linked sources before adding them to notes.

• ​Clearance in reverse: On top court, post facto clearancesEnvironment · Supreme Court quashed 2021 Office Memorandum on post facto clearances but allowed statutory notification route.
• Israeli strikes in Gaza kill two; medical supply warehouses hitInternational Relations · Israeli strikes in Gaza killed two and damaged medical warehouses, a day after Hamas agreed to a deal to end the war.
• FPIs reverse four-month selling trend with ₹20,200 crore inflow in JulyEconomy · FPIs turned net buyers in July 2026 with ₹20,200 crore inflow after four months of selling.
• India’s balancing act to attract more investment from China, U.S. and boost tradeEconomy · India's Finance Ministry has sharply increased rejection of DGTR's anti-dumping duty recommendations since 2020, especially against China.
• What is the Samudra Manthan scheme all about? | ExplainedEconomy · Union Cabinet approved ₹84,084 crore for the National Offshore Exploration Scheme 'Samudra Manthan' to boost deepwater hydrocarbon exploration.
• A healthy tax: On taxing foods high in fat, sugar and saltHealth · A Parliamentary panel and ICMR-NIN consortium have recommended front-of-pack nutrition labelling and a health tax on foods high in fat, sugar, and salt.
• Temporary respite: On the June 2026 data for the Index of Industrial ProductionEconomy · IIP growth hit a 23-month high of 7.3% in June 2026, surprising amid global headwinds and a deficient monsoon.
• Distress and dispute: On Karnataka, Tamil Nadu and the CauveryPolity · Karnataka refused to release Cauvery water to Tamil Nadu, escalating the inter-state river water dispute.
• The state against its students, lessons to rememberPolity · The article traces student protests from 1876 to 2026, highlighting persistent governance failures in addressing student grievances.
• Analysing the Supreme Court’s judgment on sex workPolity · Supreme Court delivered a nearly 300-page judgment departing from long-held assumptions in anti-trafficking discourse.
• Bangladesh court grants bail to jailed Hindu rights leader; release from prison unlikelyInternational Relations · Bangladesh High Court granted bail to Hindu rights leader Chinmoy Krishna Das in two cases, but release unlikely due to four pending cases.