Your Daily 5 Current Affairs Compass

Created by Admin in Current Affairs 30 Aug 2025

1. PM Modi's Visit to Japan and U.S. Tariffs: Prime Minister Narendra Modi is on a visit to Japan for a summit with his Japanese counterpart. This visit comes amid escalating trade tensions between India and the United States, which has imposed a 50% tariff on Indian imports. During the trip, Japan announced a private investment target of ¥10 trillion (approximately $68 billion) for India over the next decade, focusing on infrastructure and manufacturing.

2. Extension of PM SVANidhi Scheme: The Indian Union Cabinet has approved the restructuring and extension of the Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme. The lending period, originally set to end on December 31, 2024, has been extended to March 31, 2030, with an increased budget. The scheme provides collateral-free working capital loans to street vendors and promotes digital payments.

3. Completion of Punatsangchhu-II Hydroelectric Project: The 1020 MW Punatsangchhu-II Hydroelectric Project in Bhutan has been fully completed. This project, a joint venture between Bhutan and India, saw its final unit synchronized to the power grid. The project is a significant development in the bilateral cooperation between the two countries.

4. National Sports Day Celebrations in India: India celebrated National Sports Day on August 29th, honoring the birth anniversary of hockey legend Major Dhyan Chand. The day is aimed at promoting fitness and health through sports participation and recognizing the contributions of sportspersons to the nation.

5. India's First National Biofoundry Network Launched: As part of its BioE3 Policy, India has launched its first National Biofoundry Network. This initiative is designed to expand India's bioeconomy to an estimated $300 billion by 2030, with a focus on areas like biomanufacturing, biofoundries, bio-AI, and climate-smart solutions.