Daily Current Affairs 8th July 2026
1. PM Launches PM-PRANAM Scheme
Prime Minister Narendra Modi launched the PM-PRANAM (Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth) scheme.
Total outlay: ₹2.11 lakh crore.
Objective: Reduce excessive use of chemical fertilizers, promote balanced nutrient use, and encourage sustainable agriculture.
2. India Successfully Tests Agni-Prime Missile
India successfully test-fired the Agni-Prime (Agni-P) ballistic missile from APJ Abdul Kalam Island, Odisha.
Conducted jointly by DRDO and the Strategic Forces Command (SFC).
The missile has a range of 1,000–2,000 km and features advanced guidance and navigation systems.
3. Indian Coast Guard Conducts ‘Sagar Raksha-IV’
The Indian Coast Guard conducted the Sagar Raksha-IV maritime security exercise in the Northern Arabian Sea.
The exercise involved multiple agencies, including the Indian Navy, Customs, Fisheries Department, CISF, and Marine Police.
Focus: Counter piracy, smuggling, illegal immigration, and maritime security.
4. RBI Ombudsman Report Released
The Reserve Bank of India (RBI) released its Annual Report on Ombudsman Schemes 2024–25.
Complaints increased by 24%, reaching 9.42 lakh.
Most complaints were related to digital payment failures and loan services.
5. India’s Forex Reserves Hit Record High
India’s foreign exchange reserves reached an all-time high of US$710.5 billion.
The increase was driven by strong foreign investment inflows and RBI reserve accumulation.
6. India–UAE Trade Partnership Strengthened
India and the UAE signed an enhanced trade partnership agreement.
The two countries aim to increase bilateral trade to US$200 billion by 2030.
7. IMF Lowers Global Growth Forecast
The International Monetary Fund (IMF) reduced its global growth forecast for 2026 to 3.0%.
Reasons include geopolitical tensions, trade fragmentation, and energy price volatility.
Growth is expected to recover in 2027.
Important Day
World Bioethics Day – 8 July
Observed to promote ethical practices in science, healthcare, and technology.
One-Liners for Exams
Scheme launched: PM-PRANAM
Missile tested: Agni-Prime (Agni-P)
Maritime exercise: Sagar Raksha-IV
Forex reserves: US$710.5 billion
RBI complaints: 9.42 lakh
India-UAE trade target: US$200 billion by 2030
IMF global growth forecast (2026): 3.0%
Important Day (8 July): World Bioethics Day