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Current affairsMobile Phone Manufacturing Scheme (MPMS) 2026: MeitY's ₹62,500 Crore Push for Deep-Value Assembly and Indian BrandsThe Union Cabinet approved and MeitY notified the Mobile Phone Manufacturing Scheme (MPMS) on 22 August 2026, with an outlay of ₹62,500 crore over five years (FY2026-27 to FY2030-31). The scheme goes beyond the earlier PLI for Mobile Phones by specifically incentivising domestic component sourcing (up to 1.5% bonus) and Indian-owned brand R&D (additional 3% incentive), aiming to raise India's domestic value addition in mobile manufacturing from ~15% to over 35% by 2031. Current affairsGOBARdhan National Circular Bioenergy Scheme: Cabinet Approves ₹23,731 Crore for Compressed BiogasThe Union Cabinet on August 6, 2026 approved the National Circular Bioenergy Scheme — GOBARdhan — with a ₹23,731 crore outlay over FY 2026–27 to FY 2035–36. The scheme consolidates India's fragmented biogas policy into a single framework to achieve tenfold growth in compressed biogas (CBG) production, providing guaranteed pricing, capital assistance, and assured offtake for ten years.