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Current affairs

Current affairs July 15, 2026 for CUET

3 stories from July 15, 2026, each written from its official release, with the static fact it hangs on and the questions written from it.

WeekJuly 2026 in current affairs: twenty stories for CUET

Science & Space

Semicon 2.0: ₹1,27,500 crore for chips

Semicon 2.0, the next phase of India's chip programme, was approved on 15 July 2026 with ₹1,27,500 crore.

On 15 July 2026 the Cabinet approved Semicon 2.0, the next phase of India's semiconductor programme, with an outlay of ₹1,27,500 crore. Built on six pillars beginning with chip design and with machines and materials, it follows Semicon 1.0 (the India Semiconductor Mission). About 105 start-ups are already designing chips. It is run by the Ministry of Electronics and Information Technology.

Test yourself

Question 1

MediumOriginal question

What is the outlay of Semicon 2.0, approved in July 2026?

  1. A₹3,936 crore
  2. B₹62,500 crore
  3. C₹76,000 crore
  4. D₹1,27,500 crore
Your answer
Show the answer and explanation

Correct answer: D

Explanation

  1. Semicon 2.0 has an outlay of ₹1,27,500 crore.

  2. ₹76,000 crore was the first phase; ₹62,500 crore is the Mobile Phone Manufacturing Scheme.

Concept
Semicon 2.0 outlay
Typical time
50 seconds
Written from
pib.gov.in

Question 2

EasyOriginal question

Which ministry runs Semicon 2.0?

  1. AScience and Technology
  2. BElectronics and Information Technology
  3. CCommerce and Industry
  4. DHeavy Industries
Your answer
Show the answer and explanation

Correct answer: B

Explanation

  1. Semicon 2.0 is a MeitY programme.

  2. It builds on the India Semiconductor Mission, Semicon 1.0.

Concept
Semicon 2.0 ministry
Typical time
40 seconds
Written from
pib.gov.in

Question 3

MediumOriginal question

Which is the first of the six pillars of Semicon 2.0?

  1. AChip design
  2. BWafer fabrication
  3. CPackaging
  4. DRare earth mining
Your answer
Show the answer and explanation

Correct answer: A

Explanation

  1. The first pillar is design, building on about 105 chip-design start-ups.

  2. The second is machines and materials.

Concept
Semicon 2.0 pillars
Typical time
50 seconds
Written from
pib.gov.in
Read the releasePractise this: Science & Space

Week →Month →

Government Schemes & Policy

Mobile Phone Manufacturing Scheme: ₹62,500 crore

The ₹62,500 crore Mobile Phone Manufacturing Scheme (2026-31), approved 15 July 2026, pays 2.25–5% on eligible sales.

On 15 July 2026 the Cabinet approved the Mobile Phone Manufacturing Scheme with an outlay of ₹62,500 crore for five years, 2026-27 to 2030-31. It gives incentives of 2.25 to 5 per cent on eligible sales, up to 1.5 per cent more for sourcing key components in India, and 3 per cent more for design and R&D to build Indian brands. It is expected to create about 60,000 direct jobs.

Test yourself

Question 1

MediumOriginal question

What is the outlay of the Mobile Phone Manufacturing Scheme approved in July 2026?

  1. A₹25,000 crore
  2. B₹62,500 crore
  3. C₹1,27,500 crore
  4. D₹39,00,000 crore
Your answer
Show the answer and explanation

Correct answer: B

Explanation

  1. The scheme has an outlay of ₹62,500 crore.

  2. ₹39 lakh crore is the expected cumulative phone production over the scheme period.

Concept
MPMS outlay
Typical time
50 seconds
Written from
pib.gov.in

Question 2

HardOriginal question

Under the Mobile Phone Manufacturing Scheme, what extra incentive is given for design and R&D to build Indian brands?

  1. A1.5 per cent of eligible sales
  2. B3 per cent of eligible sales
  3. C5 per cent of eligible sales
  4. D10 per cent of eligible sales
Your answer
Show the answer and explanation

Correct answer: B

Explanation

  1. Design and R&D earn an extra 3 per cent.

  2. Up to 1.5 per cent more is linked to sourcing key components in India.

Concept
MPMS brand incentive
Typical time
65 seconds
Written from
pib.gov.in

Question 3

EasyOriginal question

For how many years does the Mobile Phone Manufacturing Scheme run?

  1. AThree
  2. BTen
  3. CSeven
  4. DFive
Your answer
Show the answer and explanation

Correct answer: D

Explanation

  1. It runs five years, 2026-27 to 2030-31.

  2. It is expected to create about 60,000 direct jobs.

Concept
MPMS tenure
Typical time
40 seconds
Written from
pib.gov.in
Read the releasePractise this: Government Schemes & Policy

Week →Month →

Economy & Business

A new urea investment policy: NIPU-2026

NIPU-2026, the National Investment Policy for Urea approved on 15 July 2026, replaces the 2012 policy to spur new gas-based plants.

On 15 July 2026 the Cabinet Committee on Economic Affairs approved the National Investment Policy for Urea-2026 for Atmanirbhar Bharat (NIPU-2026), to encourage new gas-based urea plants and self-sufficiency. It replaces the New Investment Policy of 2012, under which six new urea units were set up, and introduces a return-on-equity band of 12 to 16 per cent.

Test yourself

Question 1

MediumOriginal question

NIPU-2026, approved in July 2026, is an investment policy for which product?

  1. ASteel
  2. BUrea
  3. CNatural gas
  4. DPharmaceuticals
Your answer
Show the answer and explanation

Correct answer: B

Explanation

  1. NIPU is the National Investment Policy for Urea-2026.

  2. It encourages new gas-based urea plants.

Concept
NIPU-2026
Typical time
50 seconds
Written from
pib.gov.in

Question 2

HardOriginal question

What return-on-equity band does NIPU-2026 introduce for new urea plants?

  1. A8 to 10 per cent
  2. B15 to 20 per cent
  3. C12 to 16 per cent
  4. D20 to 25 per cent
Your answer
Show the answer and explanation

Correct answer: C

Explanation

  1. The policy sets a floor of 12 and a ceiling of 16 per cent.

  2. It replaces the 2012 policy, under which six new urea units came up.

Concept
NIPU-2026 return band
Typical time
65 seconds
Written from
pib.gov.in
Read the releasePractise this: Economy & Business

Week →Month →

Every item on this page, and the document it came from

Sources on this page · Last verified:

  1. Cabinet approves Semicon 2.0 — Press Information Bureau, Ministry of Electronics and Information Technology
  2. Cabinet approves Mobile Phone Manufacturing Scheme (MPMS) — Press Information Bureau, Ministry of Electronics and Information Technology
  3. Cabinet approves National Investment Policy for Urea-2026 for Atmanirbhar Bharat (NIPU-2026) — Press Information Bureau, Ministry of Chemicals and Fertilizers