Current Affairs 04 August 2025

India’s Forex Reserves Reach $698.19 Billion in July.

• India’s forex reserves climbed to $698.19 billion, with a $2.7 billion weekly gain driven by foreign currency and gold assets.
• SDRs and IMF positions also improved. April FDI surged to $8.8 billion, mainly in manufacturing and services.
• India led greenfield digital investments in the Global South and saw sustained FPI inflows amid global and domestic market optimism.

BSNL-NRL to Deploy India’s 1st 5G CNPN in Refinery Sector.

• BSNL and Numaligarh Refinery Limited signed a landmark MoU to deploy India’s first 5G Captive Non-Public Network (CNPN) in the refinery sector.
• Announced at the Industry 4.0 Workshop for CPSEs, the initiative aims to enhance industrial automation and real-time operations using indigenous 5G technology.

Govt Launches "Apna Ghar" Resting Facilities for Truck Drivers.

• To support the well-being of truck drivers, the Ministry of Petroleum and Natural Gas launched the Apna Ghar initiative, establishing 368 rest units with 4,611 beds by July 1, 2025.
• Located at highway fuel outlets, these hygienic facilities offer essential amenities.
• The project has received positive feedback and reflects the government’s push to upgrade logistics infrastructure.

Indian Army inks Rs 223 Cr Deal for Nextgen Tank Transporter Trailers.

• The Indian Army signed a ₹223.95 crore contract with Axiscades Aerospace for 212 next-gen 50-ton tank transporter trailers featuring hydraulic ramps and steerable axles.
• Signed under the Buy (Indian-IDDM) category, the deal supports Aatmnirbhar Bharat, strengthens battlefield logistics, and boosts indigenous defence manufacturing and employment in India.

Cooperative Sector Launches "Bharat" Taxi Service to Rival Ola, Uber.

• Aiming to rival Ola and Uber, eight major cooperatives, including the National Cooperative Development Corporation, have joined hands to launch the Bharat taxi service under the Multi-State Sahakari Taxi Cooperative Ltd.
• Backed by ₹300 crore capital and 200 drivers across 4 states, the initiative marks a key move in boosting cooperative-led services with rollout expected by the end of 2025.