Friday, Jul 03

Daily Current Affairs: 3 July 2026

Daily current affairs for 3 July 2026 with exam-focused key facts, connected news context, and revision notes for UPSC, SSC, banking and government exams.

Editorial note for exam revision Last updated: 3 July 2026. This briefing is structured for current affairs revision, with key updates and related coverage links to help readers connect recurring topics across days.

Today at a glance

Top current affairs to revise

  1. Reserve Bank of India (RBI) implements revamped Integrated Ombudsman Scheme
  2. National Payments Corporation of India (NPCI) partners with HSBC India and J.P. Morgan Payments for real-time FX in overseas UPI payments
  3. Ministry of Steel grants Miniratna Category-I status to MECON Limited
  4. Finance Ministry retains interest rates for small savings schemes for July-September 2026 quarter
  5. Punjab & Sind Bank (PSB) launches digital initiatives on 119th Foundation Day
  6. Securities and Exchange Board of India (SEBI) constitutes expert panel to review debenture trustee regulatory framework

Headlines by topic

Topic-wise current affairs headlines

All topic pages
Economy, Banking and Finance6 headlines
  1. Reserve Bank of India (RBI) implements revamped Integrated Ombudsman Scheme
  2. National Payments Corporation of India (NPCI) partners with HSBC India and J.P. Morgan Payments for real-time FX in overseas UPI payments
  3. Ministry of Steel grants Miniratna Category-I status to MECON Limited
  4. Finance Ministry retains interest rates for small savings schemes for July-September 2026 quarter
  5. Punjab & Sind Bank (PSB) launches digital initiatives on 119th Foundation Day
  6. Securities and Exchange Board of India (SEBI) constitutes expert panel to review debenture trustee regulatory framework
Open Economy & Banking topic page
Government Schemes and Policy7 headlines
  1. UP Vishwakarma Shram Samman Yojana: Free Training and Loans for Traditional Artisans
  2. Odisha Deep Sea Fishing Mission: Rs 2,295.45 Crore Outlay
  3. Union Cabinet approves Dwarka Tunnel and Kanpur-Kabrai Highway worth ₹14,115 crore
  4. Common Incubation Center (CIC) inaugurated to support agri-entrepreneurs in Parbhani
  5. eSARAS: Connecting Women-Led Self-Help Groups to National Markets
  6. SHE-LEAPS Digital Platform to support Lakhpati Didi Mission
  7. Government initiatives to strengthen Indian film industry for global competitiveness
Open Schemes & Policy topic page
International, Defence and Summits1 headline
  1. India and Japan hold 16th Annual Summit on July 2, 2026
Open International & Defence topic page
Science, Discovery, Tech and Environment11 headlines
  1. Indian Government Directs Meta to Pause WhatsApp Username Rollout
  2. Skyroot Aerospace Announces Launch Window for Vikram-1 Rocket
  3. India Approves First Point-in-Space (PinS) Satellite-Based Navigation Procedure for Helicopters
  4. India Conducts First Satellite-Guided Jet Landing Using Gagan System
  5. National Aeronautics and Space Administration (NASA) Launches Mission to Save Swift Telescope
  6. AI Digitises Century-Old Solar Records from Kodaikanal Solar Observatory
  7. Indian Astrophysicists Study Thermal Evolution of Interplanetary Coronal Mass Ejections (ICMEs)
  8. Rare Southern Birdwing Butterfly Sighted in Telangana's Amrabad Tiger Reserve
  9. Ministry of Environment, Forest and Climate Change (MoEFCC) identifies 25 tiger reserves for priority intervention
  10. SBI Life Insurance and IIT Bombay Partner to Establish Bharat Innovation Hub for Cyber Defence
  11. Directorate General of Civil Aviation (DGCA) Conducts First Satellite-Based Landing System Approach on Jet Aircraft in India
Open Science & Environment topic page
Miscellaneous Current Affairs3 headlines
  1. Akashvani launches ‘Swar Prerna Veethika’ on July 1, 2026
  2. Seychelles' Independence Golden Jubilee celebrations on June 29, 2026
  3. International Day of Parliamentarism observed on June 30
Open Miscellaneous topic page
People, Positions and Obituaries6 headlines
  1. Sunil Bharti Mittal, V. Prem Watsa, and Christopher T. Calio Honoured with 2026 Leadership Award by US-India Strategic Partnership Forum (USISPF)
  2. Vikram Misri received extension as Foreign Secretary
  3. Air Marshal Jasvir Singh Mann assumed command as Commanding-in-Chief of Southern Air Command (SAC)
  4. Lt Gen Rajesh Pushkar assumed command of Southern Command
  5. Ravi Shankar Appointed Executive Director of Reserve Bank of India (RBI)
  6. Vijaya Mehta passes away as veteran Marathi theatre legend
Open People & Positions topic page
Jump to current affairs headlines
  1. Reserve Bank of India (RBI) implements revamped Integrated Ombudsman Scheme
  2. National Payments Corporation of India (NPCI) partners with HSBC India and J.P. Morgan Payments for real-time FX in overseas UPI payments
  3. Ministry of Steel grants Miniratna Category-I status to MECON Limited
  4. Finance Ministry retains interest rates for small savings schemes for July-September 2026 quarter
  5. Punjab & Sind Bank (PSB) launches digital initiatives on 119th Foundation Day
  6. Securities and Exchange Board of India (SEBI) constitutes expert panel to review debenture trustee regulatory framework
  7. UP Vishwakarma Shram Samman Yojana: Free Training and Loans for Traditional Artisans
  8. Odisha Deep Sea Fishing Mission: Rs 2,295.45 Crore Outlay
  9. Union Cabinet approves Dwarka Tunnel and Kanpur-Kabrai Highway worth ₹14,115 crore
  10. Common Incubation Center (CIC) inaugurated to support agri-entrepreneurs in Parbhani
  11. eSARAS: Connecting Women-Led Self-Help Groups to National Markets
  12. SHE-LEAPS Digital Platform to support Lakhpati Didi Mission
  13. Government initiatives to strengthen Indian film industry for global competitiveness
  14. India and Japan hold 16th Annual Summit on July 2, 2026
  15. Indian Government Directs Meta to Pause WhatsApp Username Rollout
  16. Skyroot Aerospace Announces Launch Window for Vikram-1 Rocket
  17. India Approves First Point-in-Space (PinS) Satellite-Based Navigation Procedure for Helicopters
  18. India Conducts First Satellite-Guided Jet Landing Using Gagan System
  19. National Aeronautics and Space Administration (NASA) Launches Mission to Save Swift Telescope
  20. AI Digitises Century-Old Solar Records from Kodaikanal Solar Observatory
  21. Indian Astrophysicists Study Thermal Evolution of Interplanetary Coronal Mass Ejections (ICMEs)
  22. Rare Southern Birdwing Butterfly Sighted in Telangana's Amrabad Tiger Reserve
  23. Ministry of Environment, Forest and Climate Change (MoEFCC) identifies 25 tiger reserves for priority intervention
  24. SBI Life Insurance and IIT Bombay Partner to Establish Bharat Innovation Hub for Cyber Defence
  25. Directorate General of Civil Aviation (DGCA) Conducts First Satellite-Based Landing System Approach on Jet Aircraft in India
  26. Akashvani launches ‘Swar Prerna Veethika’ on July 1, 2026
  27. Seychelles' Independence Golden Jubilee celebrations on June 29, 2026
  28. International Day of Parliamentarism observed on June 30
  29. Sunil Bharti Mittal, V. Prem Watsa, and Christopher T. Calio Honoured with 2026 Leadership Award by US-India Strategic Partnership Forum (USISPF)
  30. Vikram Misri received extension as Foreign Secretary
  31. Air Marshal Jasvir Singh Mann assumed command as Commanding-in-Chief of Southern Air Command (SAC)
  32. Lt Gen Rajesh Pushkar assumed command of Southern Command
  33. Ravi Shankar Appointed Executive Director of Reserve Bank of India (RBI)
  34. Vijaya Mehta passes away as veteran Marathi theatre legend

Jump to current affairs

Headlines 03 July 2026
  1. Reserve Bank of India (RBI) implements revamped Integrated Ombudsman Scheme
  2. National Payments Corporation of India (NPCI) partners with HSBC India and J.P. Morgan Payments for real-time FX in overseas UPI payments
  3. Ministry of Steel grants Miniratna Category-I status to MECON Limited
  4. Finance Ministry retains interest rates for small savings schemes for July-September 2026 quarter
  5. Punjab & Sind Bank (PSB) launches digital initiatives on 119th Foundation Day
  6. Securities and Exchange Board of India (SEBI) constitutes expert panel to review debenture trustee regulatory framework
  7. UP Vishwakarma Shram Samman Yojana: Free Training and Loans for Traditional Artisans
  8. Odisha Deep Sea Fishing Mission: Rs 2,295.45 Crore Outlay
  9. Union Cabinet approves Dwarka Tunnel and Kanpur-Kabrai Highway worth ₹14,115 crore
  10. Common Incubation Center (CIC) inaugurated to support agri-entrepreneurs in Parbhani
  11. eSARAS: Connecting Women-Led Self-Help Groups to National Markets
  12. SHE-LEAPS Digital Platform to support Lakhpati Didi Mission
  13. Government initiatives to strengthen Indian film industry for global competitiveness
  14. India and Japan hold 16th Annual Summit on July 2, 2026
  15. Indian Government Directs Meta to Pause WhatsApp Username Rollout
  16. Skyroot Aerospace Announces Launch Window for Vikram-1 Rocket
  17. India Approves First Point-in-Space (PinS) Satellite-Based Navigation Procedure for Helicopters
  18. India Conducts First Satellite-Guided Jet Landing Using Gagan System
  19. National Aeronautics and Space Administration (NASA) Launches Mission to Save Swift Telescope
  20. AI Digitises Century-Old Solar Records from Kodaikanal Solar Observatory
  21. Indian Astrophysicists Study Thermal Evolution of Interplanetary Coronal Mass Ejections (ICMEs)
  22. Rare Southern Birdwing Butterfly Sighted in Telangana's Amrabad Tiger Reserve
  23. Ministry of Environment, Forest and Climate Change (MoEFCC) identifies 25 tiger reserves for priority intervention
  24. SBI Life Insurance and IIT Bombay Partner to Establish Bharat Innovation Hub for Cyber Defence
  25. Directorate General of Civil Aviation (DGCA) Conducts First Satellite-Based Landing System Approach on Jet Aircraft in India
  26. Akashvani launches ‘Swar Prerna Veethika’ on July 1, 2026
  27. Seychelles' Independence Golden Jubilee celebrations on June 29, 2026
  28. International Day of Parliamentarism observed on June 30
  29. Sunil Bharti Mittal, V. Prem Watsa, and Christopher T. Calio Honoured with 2026 Leadership Award by US-India Strategic Partnership Forum (USISPF)
  30. Vikram Misri received extension as Foreign Secretary
  31. Air Marshal Jasvir Singh Mann assumed command as Commanding-in-Chief of Southern Air Command (SAC)
  32. Lt Gen Rajesh Pushkar assumed command of Southern Command
  33. Ravi Shankar Appointed Executive Director of Reserve Bank of India (RBI)
  34. Vijaya Mehta passes away as veteran Marathi theatre legend
Topic

Economy, Banking and Finance

View all Economy & Banking

Reserve Bank of India (RBI) implements revamped Integrated Ombudsman Scheme

Key Updates:

  • The Reserve Bank of India (RBI) implemented the revamped Integrated Ombudsman Scheme on 1 July 2026.
  • The scheme covers banks, eligible Non-Banking Financial Companies (NBFCs), prepaid payment instrument (PPI) issuers, and credit information companies.
  • Under the One Nation, One Ombudsman approach, complaints can be escalated to the RBI Ombudsman within 90 days if the regulated entity fails to respond within 30 days.
  • The framework allows for compensation of up to ₹30 lakh for consequential losses.
  • Compensation of up to ₹3 lakh is permitted for loss of time, expenses, harassment, and mental anguish.

Connects with 4 related updates for revision context.

Related Current Affairs Coverage


National Payments Corporation of India (NPCI) partners with HSBC India and J.P. Morgan Payments for real-time FX in overseas UPI payments

Key Updates:

  • The National Payments Corporation of India (NPCI) signed separate partnerships with HSBC India and J.P. Morgan Payments to enable real-time foreign exchange (FX) settlement for international Unified Payments Interface (UPI) transactions.
  • HSBC India and J.P. Morgan Payments will provide real-time FX rates through direct Application Programming Interface (API) integration with NPCI.
  • The integration allows users making UPI payments outside India to view the exact amount in Indian rupees at the point of transaction before authorising the payment.
  • Overseas merchants and financial institutions will continue to receive settlement in their local currencies.
  • UPI is currently live in nine countries: Singapore, the United Arab Emirates, Nepal, Bhutan, Mauritius, France, Sri Lanka, Qatar, and Cambodia.

Connects with 4 related updates for revision context.

Related Current Affairs Coverage


Ministry of Steel grants Miniratna Category-I status to MECON Limited

Key Updates:

  • The Ministry of Steel has granted Miniratna Category-I status to MECON Limited.
  • MECON Limited recorded a profit before tax (PBT) of ₹77.62 crore in FY 2023-24 (restated), ₹32.08 crore in FY 2024-25, and ₹104.53 crore in FY 2025-26.
  • The company reported a positive net worth of ₹535.42 crore as of 31 March 2026.
  • The status was granted based on eligibility criteria prescribed by the Department of Public Enterprises (DPE).
  • Established in 1959 and headquartered in Ranchi, MECON Limited is an engineering, consultancy, project management, and contracting organisation.

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Related Current Affairs Coverage


Finance Ministry retains interest rates for small savings schemes for July-September 2026 quarter

Key Updates:

  • The Finance Ministry has kept interest rates unchanged for all major post office small savings schemes for the July-September quarter of financial year 2026-27.
  • For the period from July 1 to September 30, 2026, the rates are: Post Office Savings Account (4%), 1-year Time Deposit (6.90%), 2-year Time Deposit (7%), 3-year Time Deposit (7.10%), and 5-year Time Deposit (7.50%).
  • Other applicable rates include 5-year Recurring Deposit (6.70%), Monthly Income Account Scheme (7.40%), and National Savings Certificate (NSC) (7.70%).
  • The Senior Citizens Savings Scheme (SCSS) and Sukanya Samriddhi Yojana (SSY) offer the highest guaranteed returns at 8.20%, while the Public Provident Fund (PPF) rate is 7.10%.
  • Rates are influenced by government bond yields, inflation trends, and monetary policy decisions by the Reserve Bank of India (RBI), with the last revision announced for the January-March quarter of FY 2023-24.

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Related Current Affairs Coverage


Punjab & Sind Bank (PSB) launches digital initiatives on 119th Foundation Day

Key Updates:

  • Punjab & Sind Bank (PSB) launched the Navjyoti mobile application for human resources, Central Bank Digital Currency (CBDC) services, and a Digital Gold Loan facility on its 119th Foundation Day.
  • PSB introduced the PSB Bharat Connect account designed specifically for central and state government employees.
  • The bank achieved a net profit of ₹1,322 crores.
  • PSB registered the highest Micro, Small and Medium Enterprises (MSME) growth in the banking sector at 30 per cent.
  • Swarup Kumar Saha serves as the Managing Director and Chief Executive Officer (MD & CEO) of PSB.

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Related Current Affairs Coverage


Securities and Exchange Board of India (SEBI) constitutes expert panel to review debenture trustee regulatory framework

Key Updates:

  • The Securities and Exchange Board of India (SEBI) has constituted an expert working group to review the regulatory framework governing debenture trusteeship activities.
  • The panel is chaired by Ananta Barua, former whole-time member of SEBI, with Rajnish Kumar, former chairman of State Bank of India (SBI), serving as co-chairperson.
  • The committee members include O N Ravi (former general counsel and executive vice president at CCIL), Rahul Choudhary (managing director and chief executive officer of Axis Trustee Services), Pratapsingh Nathani (managing director and chief executive officer of Beacon Trusteeship), Ashish Pahariya (partner at DSK Legal), and Vinod Kothari (partner at Vinod Kothari & Co).
  • The working group is tasked with reviewing net-worth requirements and recommending measures to strengthen the role of debenture trustees.
  • SEBI has invited suggestions from stakeholders on the simplification, rationalisation, and removal of redundancies within the framework by July 15.

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Related Current Affairs Coverage


Topic

Government Schemes and Policy

View all Schemes & Policy

UP Vishwakarma Shram Samman Yojana: Free Training and Loans for Traditional Artisans

Key Updates:

  • The Uttar Pradesh government launched the Vishwakarma Shram Samman Yojana in 2018 to support traditional artisans through the Micro, Small and Medium Enterprises (MSME) department.
  • The scheme provides selected artisans with free 6-day residential training, a toolkit grant of ₹10,000, and concessional loans ranging from ₹10,000 to ₹10 lakh.
  • Concessional loans under the scheme are provided by the Uttar Pradesh Khadi and Village Industries Board.
  • Eligible applicants must be permanent residents of Uttar Pradesh, aged 18 or older, and engaged in traditional trades including Carpenter (Badhayi), Blacksmith (Lohar), Barber (Hajam), Tailor (Darji), Cobbler (Mochi), Basket Weaver (Bunkar), Goldsmith (Sonar), and Potter (Kumhar).
  • Priority for the scheme is given to applicants from Other Backward Classes (OBC), Scheduled Castes (SC), Scheduled Tribes (ST), Minority communities, and Economically Weaker Sections (EWS).

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Odisha Deep Sea Fishing Mission: Rs 2,295.45 Crore Outlay

Key Updates:

  • The Odisha government approved a deep sea fishing mission with an estimated outlay of Rs 2,295.45 crore to be implemented between 2026 and 2036.
  • The mission is a flagship initiative of the Fisheries and Animal Resources Development Department aimed at transforming the state into a leading marine export hub and accelerating blue economy-led growth.
  • A dedicated Blue Economy Hub (B-Hub) will be established to function as the mission's knowledge, innovation, and coordination centre.
  • The project targets the creation of over 50,000 employment opportunities and an additional annual marine fish production of 2 lakh metric tonnes.
  • The mission aims to increase Odisha's marine exports to approximately Rs 5,000 crore per year by 2036.

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Related Current Affairs Coverage

Maharashtra Chief Minister Devendra Fadnavis has approved the preparation of a detailed project report for the country's first offshore airport near Kore beach in Palghar district. The project is being overseen by the…


Union Cabinet approves Dwarka Tunnel and Kanpur-Kabrai Highway worth ₹14,115 crore

Key Updates:

  • The Cabinet Committee on Economic Affairs (CCEA) approved two highway projects with a combined investment of ₹14,114.81 crore.
  • A six-lane road tunnel on NH-148AE connecting Shivmurti Interchange on Dwarka Expressway (NH-248BB) with Nelson Mandela Marg in Vasant Kunj will be constructed at a cost of ₹6,969.67 crore under the Hybrid Annuity Model (HAM).
  • A 117.7-km access-controlled greenfield highway between Kanpur and Kabrai in Uttar Pradesh will be built at a cost of ₹7,145.14 crore using the Build-Operate-Transfer (BOT) (Toll) mode.
  • The Kanpur-Kabrai highway is being implemented by the National Highways Authority of India (NHAI) as part of the Bhopal-Kanpur Economic Corridor under the National Highways (Original) Programme.
  • The Kanpur-Kabrai corridor will link NH-34, NH-35, the Bundelkhand Expressway, Kanpur Ring Road, and several state highways, providing access to 16 economic nodes, 9 social nodes, and 10 logistics hubs.

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The Fotu La Tunnel project on National Highway-01 (NH-01) in Ladakh has been approved with an estimated cost of ₹1,196.22 crore. The project covers a 2.65-kilometre alignment, which includes a 1.96-kilometre twin-tube…

The Zojila tunnel will be India's longest road tunnel and is expected to be Asia's longest bi-directional tunnel with a total length of 14.15 kilometres. Located at an elevation of 11,578 feet, the tunnel connects…


Common Incubation Center (CIC) inaugurated to support agri-entrepreneurs in Parbhani

Key Updates:

  • Union Minister for Food Processing Industries (MoFPI) Chirag Paswan inaugurated a Common Incubation Center (CIC) on June 28 at Vasantrao Naik Marathwada Krishi Vidyapeeth (VNMKV) in Parbhani, Maharashtra.
  • The CIC was established under the Atmanirbhar Bharat Abhiyan with financial support from the MoFPI.
  • The project was developed in collaboration with VNMKV and the State-Level Nodal Agency of Maharashtra's Agriculture Department.
  • The facility aims to strengthen food processing, support agri-entrepreneurs, and help farmers increase the value of their produce.
  • Maharashtra has emerged as one of the top performers under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme.

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eSARAS: Connecting Women-Led Self-Help Groups to National Markets

Key Updates:

  • eSARAS is the official online marketplace of Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM), built exclusively for products made by women Self-Help Groups (SHGs) and their federations.
  • As of February 2024, over 8.62 crore women SHG members have a digital storefront through eSARAS, with 85% directly linked to the Ministry of Rural Development (MoRD) network.
  • The platform integrates with digital infrastructures including the Open Network for Digital Commerce (ONDC) and UMANG.
  • Listed product categories include home and living, women's apparel and accessories, men's apparel and accessories, personal care, food items, and kids toys & accessories.
  • The marketplace features regional crafts such as Chanderi sarees from Madhya Pradesh, marble items from Rajasthan, and Pashmina from Jammu & Kashmir.

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SHE-LEAPS Digital Platform to support Lakhpati Didi Mission

Key Updates:

  • The Self-Help Entrepreneur-Livelihoods and Enterprise Application for Prosperity and Sustainability (SHE-LEAPS) is a digital platform for empowering women associated with Self-Help Groups (SHGs) across rural India.
  • SHE-LEAPS supports livelihood creation, enterprise growth, and financial inclusion for both farm and non-farm rural enterprises.
  • The platform captures real-time operational data and tracks the complete livelihood journey from profile creation to enterprise performance tracking.
  • SHE-LEAPS will strengthen the Lakhpati Didi mission by providing end-to-end tracking of income growth and enterprise performance.
  • The government has increased the target of the Lakhpati Didi scheme from 3 crore to 6 crore women and plans to release ₹10 lakh crore over the next five years.

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Government initiatives to strengthen Indian film industry for global competitiveness

Key Updates:

  • The Ministry of Information and Broadcasting (MIB) announced initiatives to boost the Indian film industry to make it more globally competitive.
  • The decisions were taken during a high-level review meeting chaired by Information and Broadcasting Minister Ashwini Vaishnaw in New Delhi.
  • The MIB formed a high-level Study Group, chaired by Prasar Bharati Chairman Prasoon Joshi, to study opportunities and challenges in the sector.
  • The MIB prepared Model State Cinema Regulations and requested all state governments to adopt them to build a modern film industry.
  • The initiatives aim to enhance film production, improve distribution networks, integrate emerging technologies, and encourage infrastructure investment in rural areas and smaller towns.

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Topic

International, Defence and Summits

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India and Japan hold 16th Annual Summit on July 2, 2026

Key Updates:

  • Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi held the 16th India-Japan Annual Summit in New Delhi.
  • The two nations signed a pact on co-development in the defence sector, with the first project involving the Naval Radio Antenna 'Unicorn'.
  • Japan will invest 10 trillion yen in India over the next 10 years, and the number of Japanese companies operating in India will double.
  • Agreements were signed to boost cooperation in Artificial Intelligence (AI), metals, and energy, including a joint statement on AI.
  • Pacts were signed in pharmaceuticals, medical devices, and biotechnology, and the India-Japan bio-gas Initiative will establish 1,000 bio-gas and organic fertilizer plants in India.

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Topic

Science, Discovery, Tech and Environment

View all Science & Environment

Indian Government Directs Meta to Pause WhatsApp Username Rollout

Key Updates:

  • The Indian government has issued a notice to Meta to provide a detailed explanation regarding the introduction of usernames on WhatsApp within three days.
  • The government has directed Meta to pause the rollout of the username feature until consultations on the matter are completed.
  • Officials expressed concern that the feature could enable cybercriminals to impersonate government officials, public figures, brands, and businesses.
  • Meta launched the username feature globally for an estimated 850 million WhatsApp users, allowing them to reserve handles.
  • The National Payments Corporation of India (NPCI) removed its Unified Payments Interface (UPI) onboarding cap in December 2024, integrating WhatsApp Pay into the trust environment.

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Kunal Shah has been appointed as the head of WhatsApp, succeeding Will Cathcart. Meta Platforms (Meta) invested $900 million (approximately Rs 8,550 crore) in CRED as part of the startup's Series H funding round.


Skyroot Aerospace Announces Launch Window for Vikram-1 Rocket

Key Updates:

  • Hyderabad-based Skyroot Aerospace announced a launch window between July 12 and August 4 for the maiden test flight of Vikram-1, India's first privately developed orbital-class rocket.
  • The mission, named Agaman, will be launched from the Satish Dhawan Space Centre in Sriharikota.
  • Vikram-1 is a seven-storey-tall, multi-stage orbital launch vehicle featuring an all-carbon composite structure, 3D-printed engines, and high-thrust solid-fuel rocket boosters.
  • The rocket is designed to carry small satellites weighing up to 350 kg to Low Earth Orbit (LEO), targeting an altitude of 450 km with a 60-degree orbital inclination.
  • This follows the successful suborbital flight of Vikram-S on November 18, 2022, which was the first private rocket to reach space from Indian soil.

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Hyderabad-based Skyroot Aerospace has achieved a valuation of $1.1 billion, making it the first space-technology startup in India to reach unicorn status. The company raised nearly $60 million in a funding round co-led…


India Approves First Point-in-Space (PinS) Satellite-Based Navigation Procedure for Helicopters

Key Updates:

  • India has approved its first Point-in-Space (PinS) Instrument Approach Procedure for helicopter operations at Undavalli Heliport in Andhra Pradesh.
  • The procedure was developed by the Airports Authority of India (AAI) and approved by the Directorate General of Civil Aviation (DGCA).
  • The PinS procedure complies with DGCA norms and the International Civil Aviation Organization (ICAO) Standards and Recommended Practices.
  • The system uses satellite-based navigation technology to enable precise instrument approaches at heliports that do not have conventional ground-based landing infrastructure.
  • The technology is intended to benefit emergency medical services, offshore activities, tourism, disaster relief operations, corporate aviation, pilgrimage service, and regional connectivity.

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India Conducts First Satellite-Guided Jet Landing Using Gagan System

Key Updates:

  • The Directorate General of Civil Aviation (DGCA) conducted the first satellite-based landing system (SLS) approach for a jet engine aircraft in India.
  • The operation was performed on an IndiGo Airbus A320 in Udaipur using the GPS-aided geo augmented navigation (Gagan) system.
  • Gagan is a satellite-based augmentation system (SBAS) jointly developed by the Indian Space Research Organisation (ISRO) and the Airports Authority of India (AAI).
  • The flight successfully conducted a localiser performance with vertical guidance (LPV) approach, which enhances safety at secondary airports lacking an instrument landing system (ILS).
  • SBAS improves the accuracy, integrity, and availability of standard Global Navigation Satellite System (GNSS) signals by broadcasting correction data from geostationary satellites.

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National Aeronautics and Space Administration (NASA) Launches Mission to Save Swift Telescope

Key Updates:

  • The National Aeronautics and Space Administration (NASA) is deploying the Link robotic spacecraft to rescue the Swift Observatory, a 1.6-ton gamma-ray telescope.
  • The Link robot, built by Katalyst Space, is a refrigerator-sized autonomous spacecraft featuring three robotic arms with LEGO-style grippers.
  • The mission utilizes an airplane-launched Pegasus rocket starting from the Marshall Islands to intercept the telescope.
  • The $30 million operation aims to raise the observatory's altitude from 224 miles (360 km) to a target orbit of 373 miles (600 km).
  • The rescue is necessary because solar flares increased atmospheric drag, pushing the satellite toward a destructive reentry into Earth's atmosphere.

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AI Digitises Century-Old Solar Records from Kodaikanal Solar Observatory

Key Updates:

  • Researchers led by Dibya Kirti Mishra from the Aryabhatta Research Institute of Observational Sciences (ARIES), an autonomous institute under the Department of Science and Technology (DST), used artificial intelligence to process hand-drawn solar observations from the Kodaikanal Solar Observatory.
  • The Kodaikanal Solar Observatory maintains an archive of daily suncharts from 1904 to 2022, recording solar features including sunspots, filaments, prominences, and plages.
  • The team utilised a supervised machine learning model known as U-Net to identify the Sun's disk and outline plages, which are bright magnetically active regions.
  • The AI model traced magnetic regions across nine solar cycles between 1916 and 2007 to create a butterfly diagram, a visual map showing the latitude shift of magnetic activity.
  • The study, involving the Indian Institute of Space Science and Technology (IIST), the Indian Institute of Astrophysics (IIA), and the Southwest Research Institute (SwRI), aims to enhance space weather research to protect satellites, navigation systems, communication networks, and power infrastructure.

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Indian Astrophysicists Study Thermal Evolution of Interplanetary Coronal Mass Ejections (ICMEs)

Key Updates:

  • Indian astrophysicists have published research on the thermal evolution of interplanetary coronal mass ejections (ICMEs).
  • A coronal mass ejection (CME) is a large eruption of charged plasma and magnetic field lines from the Sun's corona.
  • Geomagnetic storms are produced on Earth if the magnetic field inside an ICME points southward and reconnects with Earth's field.
  • CMEs occur more frequently during solar maxima within the Sun's 11-year activity cycle.
  • The study found that approximately 45 per cent of magnetic ejecta show heating, which is linked to high solar activity and strong geomagnetic storms.

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Vice President C. P. Radhakrishnan released the book titled Sanskritir Ratna Bhandar: Bhaowaiyar Itibritto (Bhawaiya: A Cultural Treasure and Its Historical Journey) at Uprashtrapati Bhavan. The book is co-authored by…


Rare Southern Birdwing Butterfly Sighted in Telangana's Amrabad Tiger Reserve

Key Updates:

  • The Southern Birdwing, one of India's largest butterflies, was recorded for the first time in Telangana in the Kollapur Range of the Amrabad Tiger Reserve.
  • Also known as the Sahyadri Birdwing, this large swallowtail species is endemic to southern India and is primarily found in the Western Ghats.
  • The Southern Birdwing is the state butterfly of Karnataka and has a wingspan of approximately 140-190 mm.
  • The caterpillars of this species depend on Aristolochia species, including Aristolochia indica, for survival.
  • The sighting was documented by Forest Section Officer (FSO) Nilesh and wildlife biologist Dr Ravikant.

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Ministry of Environment, Forest and Climate Change (MoEFCC) identifies 25 tiger reserves for priority intervention

Key Updates:

  • The Ministry of Environment, Forest and Climate Change (MoEFCC) reported that 25 out of 58 tiger reserves in India are potential recipient sites requiring priority intervention due to low or absent tiger populations and low prey abundance.
  • Tiger reserves currently with zero tigers include Satkosia (Odisha), Kawal (Telangana), Dampa (Northeast), Kamlang (Northeast), and Buxa (West Bengal).
  • Since 2008, tiger recovery interventions have been implemented across 12 landscapes: Sariska, Panna, Sanjay Dubri, Mukundara Hills, Satkosia, Veerangana Durgavati, Rajaji, Ramgarh Vishdhari, Navegaon–Nagzira, Madhav, Sahyadri, and Similipal Tiger Reserves.
  • The MoEFCC identified 13 source reserves with good tiger density and habitat, including Bandipur, Kanha, Ranthambore, and Corbett, with Corbett alone holding approximately 260 tigers.
  • Protection efforts in Indravati, Udanti-Sitanadi, Guru Ghasidas-Tamor Pingla, and Palamau reserves were disrupted by Left Wing Extremism (LWE), leading to habitat degradation and encroachment.
  • Sariska Tiger Reserve in Rajasthan, which currently has 56 tigers, was the first site in India where tigers were translocated from another reserve to repopulate a habitat.

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SBI Life Insurance and IIT Bombay Partner to Establish Bharat Innovation Hub for Cyber Defence

Key Updates:

  • SBI Life Insurance (SBI Life) signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Bombay (IIT Bombay) to establish Bharat's AI & Cyber Innovation Hub for Insurance (Bharat Innovation Hub).
  • The Bharat Innovation Hub is a joint research and innovation centre dedicated to developing indigenous deep-technology defences in Artificial Intelligence (AI), Cyber Security, and Quantum Technologies.
  • The MoU was signed by Prof. S.V. Kulkarni, Dean-R&D of IIT Bombay, and Mr. Vishal Bhatia, Chief Information & Digital Officer of SBI Life.
  • India's insurance premium growth is forecasted at 6.9% annually until 2030, making it the strongest growing major insurance market according to SwissRe analysis.
  • IIT Bombay was ranked 2nd in India and 134th globally in the Quacquarelli Symonds (QS) World University Rankings for 2027 on June 18, 2026.

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Directorate General of Civil Aviation (DGCA) Conducts First Satellite-Based Landing System Approach on Jet Aircraft in India

Key Updates:

  • The Directorate General of Civil Aviation (DGCA) conducted the first satellite-based landing system (SLS) approach on a jet engine aircraft in India.
  • The exercise was carried out using an IndiGo Airbus A320 at Udaipur airport.
  • The operation utilised the GPS-aided geo augmented navigation (GAGAN) system, jointly developed by the Indian Space Research Organisation (ISRO) and the Airports Authority of India (AAI).
  • The aircraft successfully executed a Localiser Performance with Vertical Guidance (LPV) approach, which was previously limited to turboprop aircraft in India.
  • GAGAN is a Satellite-Based Augmentation System (SBAS) that reduces dependence on ground-based Instrument Landing Systems (ILS), especially at airports without precision landing infrastructure.

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Miscellaneous Current Affairs

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Akashvani launches ‘Swar Prerna Veethika’ on July 1, 2026

Key Updates:

  • Akashvani inaugurated ‘Swar Prerna Veethika’, a dedicated photo gallery, on July 1, 2026, at the Akashvani Rang Bhavan Auditorium in New Delhi to celebrate its 90th anniversary.
  • The gallery was inaugurated by Padma Vibhushan Pt. Hariprasad Chaurasia in the run-up to the centenary of Radio Broadcasting in India in 2027.
  • The first phase of the initiative features Bharat Ratna awardees Vidushi M.S. Subbulakshmi (Carnatic Vocal), Pt. Ravi Shankar (Sitar), Vidushi Lata Mangeshkar (Playback Singing), Ustad Bismillah Khan (Shehnai), Pt. Bhimsen Joshi (Hindustani Classical Vocal), and Dr. Bhupen Hazarika (Folk Music).
  • The gallery honours Padma Vibhushan awardees Pt. Hariprasad Chaurasia (Bansuri), Ustad Amjad Ali Khan (Sarod), and Ustad Allauddin Khan (Sarod), and Padma Bhushan awardees Ustad Hafiz Ali Khan (Sarod), Pt. Birju Maharaj (Kathak), Ustad Ahmed Jan Thirakwa (Tabla), Pt. Krishnarao Shankar Pandit (Hindustani Vocal), Vidushi Shanno Khurana (Vocal), Pt. Debu Chaudhuri (Sitar), Vidushi Sharan Rani Backliwal (Sarod), Ustad Sabri Khan (Sarangi), Pt. Rajan Mishra and Pt. Sajan Mishra (Hindustani Vocal), Ustad Asad Ali Khan (Rudra Veena), and Ustad Mushtaq Husain Khan (Hindustani Vocal).
  • Prasar Bharati (PB) operates dedicated digital channels ‘Raagam’ for Hindustani classical music and ‘Aaradhana’ for devotional music available on YouTube, News-on-Air app, and the WAVES OTT platform.

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Seychelles' Independence Golden Jubilee celebrations on June 29, 2026

Key Updates:

  • Prime Minister Narendra Modi attended the Golden Jubilee celebrations marking the 50th anniversary of Seychelles' Independence as the Guest of Honour.
  • The celebrations were held on June 29, 2026.
  • Prime Minister Narendra Modi visited the Arulmigu Navasakthi Vinayagar Temple located in Victoria, Seychelles.
  • The Seychelles Hindu Kovil Sangam is responsible for the building and maintenance of the Arulmigu Navasakthi Vinayagar Temple.
  • Contingents from the Assam Regiment of the Indian Army and the Indian Navy participated in the National Day parade of Seychelles.

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International Day of Parliamentarism observed on June 30

Key Updates:

  • International Day of Parliamentarism is observed every year on June 30.
  • The day was established in 2018 through a United Nations (UN) General Assembly resolution.
  • The date was chosen because the Inter-Parliamentary Union (IPU) was founded on June 30, 1889.
  • The observance is connected with the work of national legislatures and the IPU.
  • The day recognizes the role of parliaments in democratic government, public representation, accountability, and open debate.

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International Day of the Tropics is observed annually on June 29. The day was inaugurated by the United Nations General Assembly (UNGA) to raise awareness about issues affecting the tropical zone.


Topic

People, Positions and Obituaries

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Sunil Bharti Mittal, V. Prem Watsa, and Christopher T. Calio Honoured with 2026 Leadership Award by US-India Strategic Partnership Forum (USISPF)

Key Updates:

  • The US-India Strategic Partnership Forum (USISPF) conferred the 2026 Leadership Award on Sunil Bharti Mittal, the Founder and Chairman of Bharti Enterprises.
  • Mittal was recognised for his contribution to transforming the telecommunications sector in India and advancing economic ties between India and North America.
  • V. Prem Watsa, the Chairman and Chief Executive Officer (CEO) of Fairfax Financial, was also a recipient of the 2026 Leadership Award.
  • Christopher T. Calio, the Chairman and CEO of RTX Corporation, was honoured for his contributions to strengthening the India-US economic corridor.
  • The awards were presented during the IX Leadership Summit of the USISPF, which also marked the celebration of 250 years of American independence.

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Vikram Misri received extension as Foreign Secretary

Key Updates:

  • The Appointments Committee of the Cabinet approved a one-year extension for Foreign Secretary Vikram Misri beyond July 14, 2026, extending his tenure up to July 14, 2027.
  • Misri, a 1989-batch Indian Foreign Service (IFS) officer, was appointed to the post in June 2024.
  • He previously served as the Deputy National Security Adviser (Dy NSA) and succeeded Vinay Mohan Kwatra.
  • He has served as Private Secretary to three Prime Ministers of India: Inder Kumar Gujral, Manmohan Singh, and Narendra Modi.
  • He served as India's ambassador to Spain from 2014 to 2016 and to Myanmar from 2016 to 2018.

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Air Marshal Jasvir Singh Mann assumed command as Commanding-in-Chief of Southern Air Command (SAC)

Key Updates:

  • Air Marshal Jasvir Singh Mann assumed command as the Commanding-in-Chief of Southern Air Command (SAC) of the Indian Air Force (IAF).
  • He succeeds Air Marshal Manish Khanna, who superannuated on June 30.
  • He is a Pilot Attack Instructor with over 3,000 flying hours on various aircraft, including the Apache, MiG-21, Jaguar, MiG-29, Su-30, and Rafale.
  • Prior to this appointment, he served as the Senior Air Staff Officer at Western Air Command.
  • He has been awarded the Ati Vishisht Seva Medal (AVSM) and Vayu Sena Medal (VSM).

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Lt Gen Rajesh Pushkar assumed command of Southern Command

Key Updates:

  • He assumed command as General Officer Commanding-in-Chief of Southern Command, succeeding Lieutenant General Sandeep Jain who became Vice Chief of the Army Staff.
  • He is an alumnus of the National Defence Academy (NDA) and was commissioned into the 74 Armoured Regiment in December 1988.
  • He served as General Officer Commanding 2 Corps during Operation SINDOOR and has commanded an Armoured Regiment, an Independent Armoured Brigade, an Infantry Division, and a Strike Corps.
  • His staff appointments include Additional Director General, Armoured Corps and Director General Territorial Army, and he had international postings in Bhutan and as Defence and Military Attache in Moscow with accreditation to Armenia and Belarus.
  • He holds the Ati Vishisht Seva Medal (AVSM) and Vishisht Seva Medal (VSM), and received the Chief of Army Staff Commendation and three Army Commander's Commendations.

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Lieutenant General NS Raja Subramani (Retd) was appointed as the next Chief of Defence Staff (CDS) and Secretary to the Government of India, Department of Military Affairs. He will assume charge after the present CDS…


Ravi Shankar Appointed Executive Director of Reserve Bank of India (RBI)

Key Updates:

  • Ravi Shankar has been appointed as the Executive Director (ED) of the Reserve Bank of India (RBI) with immediate effect.
  • Shankar will be responsible for overseeing the Department of Statistics and Information Management.
  • Prior to his promotion as ED, Shankar served as the Adviser-in-Charge of the RBI.
  • Gunveer Singh was elevated as ED of the RBI on May 18, 2026, and is in charge of the Department of Payment and Settlement Systems.
  • Shankar holds a Master's degree in Statistics from Banaras Hindu University and a Diploma in Development Policy and Planning from the Institute of Economic Growth, Delhi.

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Rohit Jain was appointed as Deputy Governor (DG) of the Reserve Bank of India (RBI) by the appointments committee of the cabinet. His appointment is for a period of three years from the date of joining on or after May 3…


Vijaya Mehta passes away as veteran Marathi theatre legend

Key Updates:

  • Vijaya Mehta, a veteran Marathi theatre director, actor, and producer, passed away at the age of 91.
  • She co-founded the Rangayan theatre group in the 1960s alongside Vijay Tendulkar, Shriram Lagoo, and Arvind Deshpande.
  • Her notable theatre productions include Ek Shoonya Bajirao, Ajab Nyay Vartulacha, Barrister, Shakuntal, Hamidabaichi Kothi, and Mother.
  • She directed the films Rao Saheb and Pestonjee and acted in the films Kalyug and Party.
  • Her honours include the Sangeet Natak Akademi Award for Direction (1975), Padma Shri (1986), Sangeet Natak Akademi Tagore Ratna (2012), META Lifetime Achievement Award, National Film Award for Best Supporting Actress for Rao Saheb, and the Best Actress award at the Asia Pacific Film Festival for Party.

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Guru Muni Narayana Prasad, the head of Narayana Gurukula in Varkala and a renowned philosopher, passed away at the age of 87 in Thiruvananthapuram, Kerala. He was conferred with the Padma Shri in 2024 for his significant…

K Bhagyaraj, a Tamil actor and director, passed away at the age of 73 at Apollo Hospitals in Chennai. Born as Krishnaswamy Bhagyaraj on January 7, 1953, near Gobichettipalayam.

Legendary Urdu poet and Padma Shri awardee Bashir Badr passed away at the age of 91 in Bhopal, Madhya Pradesh. Born in Ayodhya, Uttar Pradesh (UP), on 15 February 1935, he was renowned for his mastery of the Urdu…