Samir V Kamat addressed scientists as Chairman of Defence Research and Development Organisation
[Reserve Bank of India, HDFC Bank]
Key Updates:
- Samir V Kamat delivered the main address at DRDO Bhawan on the organisation’s 68th Foundation Day.
- He highlighted that 22 Acceptances of Necessity were approved by the Defence Acquisition Council and the Services Procurement Board during 2025.
- He urged DRDO scientists to intensify research in cyber security, space technologies, artificial intelligence, and electronic warfare.
Similar Coverage
- Siddha Day is annually observed on 6 January to commemorate the birth anniversary of Sage Agathiyar, revered as the father of Siddha medicine.
- The 9th Siddha Day celebrations will be held on 3 January 2026 at Kalaivanar Arangam, Chennai.
- The theme of the 9th Siddha Day is 'Siddha for Global Health'.
- The Vice President of India, Shri C. P. Radhakrishnan, will preside over and inaugurate the 9th Siddha Day celebrations.
- Defence Research & Development Organisation (DRDO) and Rashtriya Raksha University (RRU) signed a Memorandum of Understanding to foster collaboration in research, education, training and technology support for defence & internal security.
- The MoU was inked by Distinguished Scientist & Director General (Production Coordination & Services Interaction) Chandrika Kaushik and Vice Chancellor, RRU Prof Bimal N Patel in the presence of Defence Minister Rajnath Singh at South Block, New Delhi.
- The collaboration aims to strengthen India's self-reliance in defence and internal security technologies in line with the national vision of Aatmanirbhar Bharat.
- Under the MoU, joint research projects, PhD & fellowship programmes and specialised training & capacity-building programmes for security forces will be undertaken.
- The Dindi Mahotsav is celebrating its 116th edition.
- The festival was accorded the status of a state-level celebration by the government earlier this year.
- The Dindi festival celebrates Kartiki Ekadashi, marking the end of the four-month Chaturmas period in the Hindu calendar.
- The tradition began in 1909 when devotees of Shree Vithal Rakhumayee from Maharashtra, who settled in Goa during Portuguese rule, started the festival.
- The festival originated because devotees were unable to undertake their pilgrimage to Pandharpur due to travel restrictions imposed by the foreign regime.
- The main event of the festival is the procession of the deity’s palanquin from Shree Harimandir at Pajifond to Shree Vithal Mandir at Comba and returning to Shree Harimandir.
- The Dindi is known for its sangeet maifals and bhajani baithaks.
- Legendary performers including Bal Gandharva, Pt Bhimsen Joshi, Pt Jasraj, and Pt Jeetendra Abhisheki have graced the festival.
- UNICEF Foundation Day is observed on December 11 every year.
- The official theme for UNICEF Foundation Day 2025 is 'My Day, My Rights'.
- UNICEF was established on December 11, 1946 to supply food, clothing, and medical care to children in post-World War II Europe.
- UNICEF stands for the United Nations International Children’s Emergency Fund, a name used until 1953.
- UNICEF was founded in 1946 by Ludwik Rajchman.
Shri A. K. Balasubrahmanian took over charge as Chairman of the Atomic Energy Regulatory Board (AERB)
[Atomic Energy Regulatory Board (AERB)]
Key Updates:
- Shri A. K. Balasubrahmanian took over charge as Chairman of the Atomic Energy Regulatory Board (AERB) on January 01, 2026.
- He succeeded the outgoing Chairman, Dr. D. K. Shukla.
- Before joining AERB, he served as Chairman of the Project Design Safety Committee for Pressurized Heavy Water Reactor (PHWR)–based Nuclear Power Plants (NPPs) and as a Member of the Safety Review Committee for Operating Plants of AERB.
- He has earlier served as Director (Technical) on the Board of Nuclear Power Corporation of India Limited (NPCIL).
- He is a mechanical engineer with training in nuclear engineering and is a Fellow of the Indian National Academy of Engineering (FNAE).
- He has nearly 40 years of experience in the design, development, safety assessment, construction, and commissioning of Nuclear Power Plants.
- The AERB was constituted on November 15, 1983, by the President of India under the Atomic Energy Act, 1962.
Similar Coverage
- Karthikeyan Manickam has been appointed as the Chairman of ESAF Small Finance Bank.
- He formerly served as the Executive Director of Bank of India.
- He brings over 36 years of experience in public sector banking.
- Ramakrishnan Chander has been appointed as the Managing Director of Life Insurance Corporation of India (LIC), with effect from December 1.
- Prior to this, he was the Executive Director (Investment – Front Office) & Chief Investment Officer of LIC.
- Ramakrishnan Chander joined LIC in 1990 as an Assistant Administrative Officer.
- He is a graduate and Fellow of Insurance Institute of India.
- He has 35 years of experience in Marketing and Administration, holding positions of Senior Divisional Manager, Regional Manager (Marketing) and Regional Manager (P&GS).
- He led LIC’s Strategic Business Unit – International Operations as Executive Director.
- S Sankarasubramanian, MD and CEO of Coromandel International Limited, appointed as Chairman of FAI
- Elevated from previous role as co-chairman by FAI board
- Brings over 30 years of experience in fertiliser industry, particularly in phosphatic and potassic sector
- CA Usha Janakiraman appointed Executive Director of Reserve Bank of India (RBI) with effect from December 1, 2025.
- Prior to the promotion, Usha Janakiraman served as Chief General Manager-in-Charge, Department of Regulation, Central Office, Mumbai.
- Usha Janakiraman has experience of over three decades in the RBI in areas of regulation, external investment and operations, banking supervision, public debt management, currency management and other areas.
- As Executive Director, Usha Janakiraman will look after the Department of Supervision (Risk, Analytics and Vulnerability Assessment).
- Usha Janakiraman is a Chartered Accountant.
Vibha Chahal Appointed Director of Food and Public Distribution Department
[Food and Public Distribution Department]
Key Updates:
- Vibha Chahal was appointed as the Director of the Food and Public Distribution Department.
- Shubha Sarma took additional charge as the Principal Secretary of the Water Resources Department in Odisha.
- Bakki Karthikeyan and Geetika Sharma were promoted to the position of Director in the Ministry of Mines.
- The Appointments Committee of the Cabinet (ACC) cleared the extension of central deputation for Nirupama J. Dange and Pooja Pandey.
- Ajay Kumar Shukla was elevated to the post of Principal Secretary of the Urban Development Department in Uttar Pradesh.
- Karthikeyan Manickam was appointed as the Chairman of ESAF Small Finance Bank.
Similar Coverage
- Arun Singh was granted a one-year extension as Chairman of Oil and Natural Gas Corporation (ONGC).
- His three-year term was scheduled to end on December 6.
- Singh had retired as chairman of Bharat Petroleum Corporation in 2022.
- Suresh Goyal will take over as the director general of the National Council of Applied Economic Research (NCAER) on January 5, 2026.
- He succeeds Poonam Gupta, who led the organisation from July 2021 to April 2025.
- Goyal joins NCAER after serving as the Managing Director and CEO of the National Highway Infra Trust (NHIT).
- S Sankarasubramanian, MD and CEO of Coromandel International Limited, appointed as Chairman of FAI
- Elevated from previous role as co-chairman by FAI board
- Brings over 30 years of experience in fertiliser industry, particularly in phosphatic and potassic sector
- India has been re-elected to the UNESCO Executive Board for the 2025-29 term.
- Re-election reflects the international community’s confidence in India’s longstanding commitment to multilateralism and to UNESCO’s mandate across education, culture, science, communication and information.
- India’s continued presence on the Executive Board underscores growing global support for its vision of inclusive, human-centric development and for strengthening cooperation among nations.
Insolvency and Bankruptcy Board of India (IBBI) revamps liquidation filings for efficiency.
[Insolvency and Bankruptcy Board of India (IBBI)]
Key Updates:
- IBBI introduced revised electronic forms for liquidation to lessen compliance burdens and enhance regulatory filing quality.
- The updated forms follow amendments to the IBBI Liquidation Process Regulations, 2016.
- Insolvency practitioners must file these forms electronically within specified times.
- The forms will be phased in from January 2026 with full implementation by February 2026.
Similar Coverage
- NaBFID will be renamed as Infrastructure Development Bank (IDB) to position it as an international financial institution similar to the Asian Development Bank and the International Finance Corporation.
- NaBFID was established under the National Bank for Financing Infrastructure and Development Act, 2021 and is 100% government-owned.
- Along with the name change, NaBFID will also launch a new logo.
- Sebi mandates Category I merchant bankers to raise minimum net worth to Rs 25 crore by January 2027 and Rs 50 crore by January 2028.
- Category I entities must hold liquid net worth of Rs 6.25 crore in phase-1 and Rs 12.5 crore in phase-2.
- Category II merchant bankers require net worth of Rs 7.5 crore and Rs 10 crore across the two phases with liquid buffers of Rs 1.875 crore and Rs 2.5 crore.
- Underwriting obligations capped at 20 times liquid net worth with compliance deadline of January 02, 2028.
- Half-yearly chartered accountant certification mandated for capital, liquidity and underwriting compliance.
- Minimum revenue thresholds set at Rs 25 crore over three years for Category I and Rs 5 crore for Category II with first assessment in FY29.
- India raised over $21 billion through IPOs and public issues in 2025 becoming the world’s second-largest equity issuance hub.
- S&P Global Ratings (S&P) raised India's jurisdiction ranking assessment to Group B from Group C.
- S&P revised its assessment of creditor-friendliness of India's bankruptcy resolution framework to medium from weak.
- Average recovery values under the Insolvency and Bankruptcy Code (IBC) have improved to more than 30 per cent from 15-20 per cent under the previous regime.
- The IBC has reduced the average resolution time for bad loans to about two years, down from six to eight years.
- Secured creditors often recover several multiples that of unsecured creditors under the IBC.
- India's resolution regime still lags those of more established Group A and some Group B jurisdictions.
- Average recovery rates of about 30 per cent are comparatively low.
- Recoveries are higher for secured debt and in asset-intensive sectors such as steel and power.
- Sebi has introduced a threshold-based framework to determine the materiality of related party transactions (RPTs), based on the annual consolidated turnover of the listed entity.
- The new norms are aimed at addressing practical challenges, removing ambiguities, and striking a balance between investor protection and ease of doing business under the Listing Obligations and Disclosure Requirements (LODR) norms.
- For entities with turnover up to Rs 20,000 crore, a transaction will be considered material if it exceeds 10 per cent of the annual consolidated turnover.
- In the case of entities with turnover between Rs 20,001 crore and Rs 40,000 crore, the threshold would be Rs 2,000 crore plus 5 per cent of the turnover exceeding Rs 20,000 crore.
- For entities with turnover exceeding Rs 40,000 crore, the threshold will be Rs 3,000 crore plus 2.5 per cent of the turnover exceeding Rs 40,000 crore, or Rs 5,000 crore, whichever is lower.
- An absolute threshold of Rs 5,000 crore as an upper ceiling has been notified for listed entities having a turnover above Rs 40,000 crore to protect the interests of minority shareholders.
- Earlier, a listed entity was required to consider an RPT as material if the transaction exceeded Rs 1,000 crore or 10 per cent of the entity's annual consolidated turnover, whichever is lower.
- The new norms came after stakeholders pointed out that the absolute materiality threshold of Rs 1,000 crore promotes a 'one-size-fits-all' approach.
- Sebi has relaxed the minimum information required to be furnished to the audit committee and shareholders for RPT approvals for smaller transactions.
- If the total value of RPTs with a related party in a financial year does not exceed 1 per cent of the listed entity's annual consolidated turnover or Rs 10 crore, whichever is lower, then a simplified set of disclosures would be submitted for approval.
- Omnibus approval granted by the shareholders for material related party transactions in an annual general meeting shall be valid till the date of the next annual general meeting (AGM).
- In case of omnibus approvals for material related party transactions, granted by shareholders in general meetings other than AGM, the validity of such omnibus approvals shall not exceed one year from the date of such approval.
Hindustan Petroleum Corporation Ltd (HPCL) commissions 3.55 million tonnes-per-year residue upgradation facility at Visakhapatnam refinery
[Hindustan Petroleum Corporation Ltd]
Key Updates:
- Hindustan Petroleum Corporation Ltd (HPCL) has commissioned a 3.55 million tonnes-per-year residue upgradation facility (RUF) at its Visakhapatnam refinery.
- The facility includes India's first residue hydrocracking unit and the world's first LC-Max unit.
- The unit is capable of converting approximately 93 per cent of low-value bottom-of-the-barrel oils into high-value petroleum products.
- The project lifts the Visakhapatnam refinery's Nelson Complexity Index to 11.6, making it one of India's most advanced deep-conversion refineries.
- The new unit will increase distillate yields at the refinery by up to 10 per cent from pre-modernisation levels.
- The facility features three LC-Max reactors weighing about 2,200 tonnes each, which are among the heaviest globally.
- Engineers India Ltd (EIL) provided project management consultancy services for the facility, while Larsen & Toubro (L&T) served as the engineering, procurement, and construction contractor.
Similar Coverage
- The Cochin Port Authority and Bharat Petroleum Corporation Limited have signed a Memorandum of Understanding.
- The MoU is to establish LNG bunkering facilities for LNG-powered and dual-fuel vessels.
- The proposed project involves an estimated investment of ₹500 crore.
- The MoU was signed during the India Maritime Week 2025 held in Mumbai.
- The collaboration aims to position Kochi as a leading LNG bunkering hub on the South Indian coast.
- India has removed mandatory quality checks (Quality Control Orders - QCOs) on numerous raw materials, including textiles, plastics, and metals.
- This move aims to reduce delays and costs for businesses, especially MSMEs.
- The withdrawal, notified on November 13, eliminates mandatory BIS certification for 14 products under the Chemicals & Petrochemicals Ministry and six under the Mines Ministry.
- The list of affected inputs includes PTA, MEG, polyester fibres, polypropylene, polyethylene, PVC resin, ABS, polycarbonate, and metals such as aluminium, lead, nickel, tin and zinc.
- The reforms flow from the Gauba Committee’s findings, which noted that QCOs grew significantly, many covering raw materials without direct safety implications.
- The rollback is expected to immediately ease sourcing pressures in textile hubs like Surat, Ludhiana, Tiruppur and Bhilwara, and among plastics processors, nearly 90% of whom are MSMEs.
- The withdrawal of QCOs for metals restores supply flexibility for downstream sectors including auto components, electronics, batteries, construction and defence.
- Bharat Petroleum Corporation (BPCL) signed three Memoranda of Understanding (MoUs) with Oil India (OIL), Numaligarh Refinery (NRL), and Fertilisers & Chemicals Travancore (FACT) at the 28th Energy Technology Meet 2025 in Hyderabad.
- BPCL and OIL signed a non-binding MoU to explore collaboration in developing BPCL’s upcoming greenfield refinery and petrochemical complex near Ramayapatnam Port, Nellore district, Andhra Pradesh, with an estimated investment of ₹1 lakh crore.
- The proposed Ramayapatnam facility will have a refining capacity of 9-12 million metric tonnes per annum (MMTPA) and feature a 1.5 MMTPA ethylene cracker unit with 35 per cent petrochemical intensity.
- BPCL, OIL, and NRL signed a tripartite MoU for the joint construction of a 700-km cross-country product pipeline from Siliguri to Mughalsarai, with an estimated investment of ₹3,500 crore.
- BPCL signed an MoU with FACT for the supply and trading of fermented organic manure and liquid fermented organic manure produced from BPCL’s upcoming municipal solid waste-based compressed biogas plant at Brahmapuram, near Kochi Refinery.
- The Brahmapuram plant will process 150 MT of municipal waste per day, generating 5.6 MT of compressed biogas (CBG), along with 28 MT of fermented organic manure (FOM) and 100 KL of liquid fermented organic manure (LFOM) daily.
- The Ramayapatnam project has secured 6,000 acres of land from the Government of Andhra Pradesh and is slated for commercial operations by FY30.
- Assam Valley Fertilizer and Chemical Company Ltd (AVFCCL) was incorporated on July 25, 2025.
- The Assam government holds a 40% equity stake in AVFCCL.
- AVFCCL is a strategic joint venture with central public sector undertakings including National Fertilizers Limited (NFL), Oil India Limited (OIL), Hindustan Urvarak & Rasayan Limited (HURL), and Brahmaputra Valley Fertilizer Corporation Limited (BVFCL).
Federal Bank (FB) unveils refreshed brand identity with Fortuna Wave insignia
[Department of Public Enterprises, Indian Railway Finance Corporation Limited]
Key Updates:
- Federal Bank introduces The Fortuna Wave as the central insignia representing authenticity, prosperity and togetherness.
- The refreshed identity retains the familiar yellow underline while removing the boxed structure for easier adaptation across digital touchpoints.
- The redesigned FEDERALBANK wordmark shifts from uppercase to a fluid, rounded typeface to reflect approachability.
- The Fortuna Wave’s three waves symbolise authenticity, togetherness and prosperity, functioning as a flexible asset across outreach efforts.
- Brighter and more distinct primary colours improve visibility and legibility while maintaining BFSI sector trust.
- The brand refresh aligns with the bank’s strategy to scale newer business lines and deepen market presence across emerging and established markets.
Similar Coverage
- Vrutti and HSBC India introduce FPO Shakti, a blended, stage-based financing facility for Farmer-Producer Organisations.
- Facility supported by Friends of Women's World Banking (FWWB) India as Facility Manager.
- India hosts over 44,000 registered FPOs, with fewer than one-third accessing formal credit.
- Initial cohort of 15 early-growth FPOs to be supported, scaling to 100+ organisations.
- Facility combines revolving funds, guarantees, revenue-linked finance and technical assistance via Business Support Organisations.
- Each FPO undergoes a 24-month acceleration journey covering governance, market systems, financial discipline and digital enablement.
- AU Small Finance Bank (AU SFB) has unveiled 'M' circle, a distinctive women's banking proposition designed and tailored to meet their unique needs and aspirations.
- M circle customers would enjoy 25 per cent additional discount on locker rentals.
- M circle offers preferential loan rates with 0.2 per cent lower interest.
- M circle customers would get access to exclusive offers on Nykaa, Ajio Luxe, Kalyan Jewellers, BookMyShow, Zepto and Swiggy.
- M circle provides complimentary preventive health check-ups (including cancer screenings); unlimited online consultations and offline visits across specialities such as Gynaecology, Paediatrics.
- Fino Payments Bank becomes the first payments bank to receive RBI in-principle approval for conversion into a small finance bank.
- Post-conversion, Fino will be able to undertake on-balance sheet lending, a facility not permitted for payments banks.
- Payments banks are restricted to deploying deposits in government securities or bonds and earning fee income from payments and remittances services.
- Fino already offers third-party gold loans, housing loans, and loans against property as referral services and earns fees from these verticals.
- Only payments banks that have completed five years of operations and are resident-controlled are eligible for conversion into small finance banks.
- Entities promoted by corporates such as Airtel or Jio are not considered for such conversion.
- The Department of Financial Services, Ministry of Finance, consolidated 26 Regional Rural Banks across 11 states/UTs under the 'One State One RRB' principle effective May 1, 2025.
- A new common logo introduced for the 28 Regional Rural Banks aims to create a single, unified brand identity nationwide.
- The logo's dark blue colour signifies finance and trust, while green signifies life and growth, reflecting the RRBs' mission to serve rural India.
- The branding initiative seeks to strengthen the identity and visibility of RRBs, symbolizing their collective commitment to financial inclusion and rural development.
Tamil Nadu Assured Pension Scheme (TAPS) provides 50% of last-drawn salary as pension
[Tamil Nadu Assured Pension Scheme (TAPS), Tamil Nadu]
Key Updates:
- Fifty per cent of the last drawn salary of government employees would be the assured pension.
- Pensioners receiving 50 per cent assured pension would be granted Dearness Allowance hike every six months on a par with government employees.
- In case of the death of pensioners, 60 per cent of the pension amount would be granted as family pension to the nominee of the deceased.
- If an employee dies in harness, or in case of death at the time of retirement, upto a maximum of Rs 25 lakh Death gratuity would be provided in keeping with the length of service.
- After the implementation of the new Assured Pension Scheme, all who retire without completing the qualifying service period for receiving pension will be provided a minimum pension.
- In case of retirement, ahead of the implementation of the TN Assured Pension Scheme, of those who joined the government service under the Contributory Pension Scheme, they would be provided a Special Compassionate Pension.
- In view of the introduction of the TAPS, the Tamil Nadu government has to provide an additional Rs 13,000 crore to the Pension Fund.
- Annually, the TAPS implementation would entail an expenditure of approximately Rs 11,000 crore as the government's contribution.
Similar Coverage
- The Pension Fund Regulatory and Development Authority (PFRDA) notified the amended PFRDA (Exits and Withdrawals under the National Pension System (NPS)) Regulations, 2025, on December 16.
- Eligible NPS members can now withdraw up to 80 per cent of their retirement corpus as a lump sum at the time of exit.
- The revised rules apply to subscribers under the All Citizen Model and Corporate NPS, bringing relief to non-government sector employees.
- The compulsory annuity purchase requirement for non-government subscribers has been reduced to a minimum of 20 per cent of the accumulated pension wealth.
- Subscribers with accumulated pension wealth up to Rs 8 lakh can withdraw the entire amount as a lump sum.
- For accumulated pension wealth between Rs 8 lakh and Rs 12 lakh, lump sum withdrawal is capped at Rs 6 lakh, with the balance available for annuity purchase or systematic unit withdrawal over a period of up to six years.
- For accumulated pension wealth above Rs 12 lakh, at least 20 per cent of the corpus must be used to purchase an annuity, while up to 80 per cent becomes available for withdrawal.
- The Tamil Nadu District Mineral Foundation Rules, 2025 supersede the 2017 rules.
- A minimum of 70% of the District Mineral Trust Fund must be spent on directly affected areas and high-priority sectors such as drinking water supply and health care.
- Mining lease holders who contravene contribution norms face a penalty equal to a one-time payment of the contribution plus 12% interest for the contravention period.
- The District Collector concerned will be the chairperson of the District Mineral Foundation Trust, Managing Committee, and Governing Council.
- All royalty or seigniorage fee payments must include the Trust Fund component; no such fee shall be accepted without the mandatory contribution.
- Districts with annual collections of ₹10 crore or more shall maintain an endowment fund of up to 10% of annual receipts to create sustainable livelihoods in areas where mining has ceased.
- Scheme Name: Unified Pension Scheme (UPS) under National Pension System (NPS) for Central Government employees.
- Forfeiture Rule: Resignation from service leads to forfeiture of the assured payout under UPS, unless the resignation is withdrawn in the public interest by the appointing authority. (Rule 15, Central Civil Services (Implementation of Unified Pension Scheme under the National Pension System) Rules, 2025)
- Lump Sum Payment: The accumulated pension wealth in the individual corpus is payable as a lump sum, processed 90 days after the resignation takes effect.
- Death Clause: If the subscriber dies within the 90-day period post-resignation, the accumulated pension wealth is paid to the legally wedded spouse or, if none, to legal heirs.
- Non-government subscribers under All Citizen Model and Corporate NPS can now withdraw up to 80% of corpus as lump sum.
- Mandatory annuity purchase requirement reduced from 40% to 20% of accumulated pension wealth.
- For corpus up to ₹8 lakh, entire amount can be withdrawn as lump sum with annuity purchase optional up to 20%.
- For corpus between ₹8 lakh and ₹12 lakh, lump sum withdrawal capped at ₹6 lakh with balance available for annuity or systematic unit withdrawal over six years.
- For corpus above ₹12 lakh, minimum 20% must be used for annuity purchase while up to 80% can be withdrawn as lump sum.
WaveX-FITT MoU for Media-Tech Incubation
[Defence Research and Development Organisation]
Key Updates:
- WaveX, the startup accelerator under the Ministry of Information and Broadcasting (MIB), signed an MoU with FITT, IIT Delhi to scale media-tech incubation nationwide.
- FITT will provide strategic guidance for incubator setup, mentorship, IP support, and access to IITs and innovation hubs.
- WaveX will offer financial support, policy backing, and national visibility to startups in media, entertainment, broadcasting, and communication technologies.
Similar Coverage
- The Ministry of Information and Broadcasting has set up a Live Events Development Cell (LEDC) to serve as a single-window facilitation mechanism for India’s live entertainment industry.
- The LEDC was constituted under the directions of Union Information and Broadcasting Minister Ashwini Vaishnaw.
- The cell aims to double the sector’s size, generate 15–20 million jobs, and position India among the world’s top five live entertainment hubs.
- WaveX, a startup accelerator initiative under the Ministry of Information & Broadcasting, Government of India, signed a Memorandum of Understanding (MoU) with T-Hub.
- T-Hub is identified as the world’s largest startup hub.
- The MoU aims to boost India’s creative, content, and media-technology startup ecosystem.
- The collaboration focuses on the AVGC-XR (Animation, Visual Effects, Gaming, Comics and Extended Reality) sector.
- WaveX is conceptualized as a national accelerator platform to nurture startups and empower creators in media, entertainment, and immersive technology.
- The collaboration is expected to benefit Indian startups by providing structured incubation, mentorship, and access to infrastructure and networks.
- WaveX will establish up to 10 incubation centres across India under the Ministry of Information & Broadcasting, supported by T-Hub as the Anchor Institution.
- The 56th edition of the International Film Festival of India (IFFI) launched the freshly rebranded Waves Film Bazaar.
- The event is held in Panaji, Goa.
- International attendees included South Korean MP Jaewon Kim, South Korean actor Kim Jaewon, Australian filmmaker Garth Davis, and Waves Bazaar adviser Jerome Pilloard of France.
- Waves Film Bazaar is positioned as one of Asia’s most important film markets and aims to help bridge Indian stories with world producers.
- Dr L. Murugan declared that India is emerging as a global power in production, digital content, gaming, fashion, and music.
- the National Communications Academy (NCA) under the Department of Telecommunications (DoT) and the Indian Institute of Management Calcutta (IIMC) have signed a Memorandum of Understanding (MoU)
- to collaborate on capacity building, policy research, and executive education in advanced areas of telecommunications and emerging technologies.
- The formal signing was conducted between Prof. Alok Kumar Rai, Director of IIM Calcutta and Shri Atul Sinha, Director General of National Communications Academy - Technology (NCA-T), Ghaziabad.
- The MoU creates a framework for joint programs and strategic initiatives in Capacity Building, Policy Research and Consulting, Training Programs in Emerging Technologies, Workshops and Seminars, and Academic and Research Collaboration.
- This initiative will also contribute to: Building a digitally literate and innovation-capable workforce, Creating policy inputs for the National Digital Communications Policy (NDCP), Supporting Make in India and Digital India missions through knowledge empowerment.
MoEF&CC waives NPV and compensatory afforestation for private plantations in forest areas
[Ministry of Environment, Forest and Climate Change (MoEF&CC)]
Key Updates:
- The Union Ministry of Environment, Forests and Climate Change has amended forest conservation rules to allow private plantations in forest areas without payment of Net Present Value or creation of compensatory afforestation plots.
- Plantations undertaken with state-government agreement, aligned to approved working or management plans and under state forest department supervision, will be deemed 'forestry activities' and hence exempt from NPV and compensatory afforestation requirements.
- State governments have been given discretion to design utilisation frameworks and decide revenue-sharing arrangements for such plantations on a case-by-case basis.
- Environmentalists warn the move could weaken safeguards, reduce conservation funding and affect forest-dependent communities if Gram Sabha consent and Forest Rights Act provisions are overlooked.
Similar Coverage
- India joined the Tropical Forests Forever Facility (TFFF) as an observer; TFFF aims to mobilise ~USD 125 billion to reward nations that protect/expand tropical forests.
- Indian Ambassador Dinesh Bhatia delivered India’s statement at the Leaders’ Summit of COP30 in Belém, Brazil.
- India stated that global climate ambition remains "inadequate" and that many nations’ NDCs "fall short" a decade after the Paris Agreement.
- India urged developed countries to accelerate emission cuts and deliver promised climate finance, advocating they reach net-zero sooner and invest in net-negative emissions.
- India highlighted domestic progress: 36% reduction in GDP emission intensity (2005-2020), >50% non-fossil fuel power capacity, ~200 GW renewable energy, and 25.17% forest/tree cover creating 2.29 billion tCO₂ additional carbon sink.
National Aeronautics and Space Administration (NASA) observes white dwarf system EX Hydrae using IXPE
[National Aeronautics and Space Administration (NASA)]
Key Updates:
- The National Aeronautics and Space Administration (NASA) used the Imaging X-ray Polarisation Explorer (IXPE) to study the white dwarf system EX Hydrae as a structured system with shape and depth.
- EX Hydrae is a binary system located approximately 200 light years away in the constellation Hydra, consisting of a compact white dwarf and a companion star.
- The system is classified as an intermediate polar, where the magnetic field is strong enough to redirect gas along magnetic field lines toward the star’s surface but not strong enough to fully dominate the accretion disc.
- IXPE measures the polarisation of X-ray light, which provides data on the direction and structure of light movement and scattering.
- Observations revealed a column of hot gas rising almost 2,000 miles above the surface of the white dwarf.
- The data suggested that X-rays bounce off the white dwarf’s surface before reaching Earth, a detail made visible through polarisation.
- The study was led by scientists at the Massachusetts Institute of Technology (MIT) and published in the Astrophysical Journal.
- IXPE is a joint mission between NASA and the Italian Space Agency, designed to collect data on objects ranging from neutron stars to black holes.
Similar Coverage
- Astronomers studied the young, Sun-like star T Chamaeleontis (T Cha), which is located approximately 350 light-years from Earth.
- The James Webb Space Telescope (JWST) revealed the presence of complex organic molecules known as polycyclic aromatic hydrocarbons (PAHs) in the star's circumstellar disk.
- A sudden burst of accretion in 2022 caused the partial collapse of the disk’s inner wall, allowing ultraviolet (UV) radiation to illuminate previously hidden regions.
- The detection was made using the JWST’s Mid-Infrared Instrument (MIRI), which captured the PAH glow in the 5–15 microns wavelength range.
- Scientists from the Indian Institute of Astrophysics (IIA), an autonomous institute under the Department of Science and Technology (DST), led the analysis of the spectroscopic data.
- The study found that the PAHs in the T Cha disk are relatively small, containing fewer than 30 carbon atoms.
- Comparison with archival data from the Spitzer Space Telescope from 2002 showed that the intrinsic properties of the molecules remained stable over nearly two decades.
- The T Cha system contains a wide gap in its disk believed to have been carved out by an emerging protoplanet.
- Astronomers using National Aeronautics and Space Administration (NASA)’s James Webb Space Telescope (JWST) have characterized a remarkable exoplanet with an unusual lemon shaped appearance.
- Designated PSR J2322-2650b, this Jupiter-mass world orbits a rapidly spinning neutron star known as a pulsar.
- Strong gravitational tides from the compact host stretch the planet into a distinctive lemon shaped exoplanet, marking it as one of the most deformed worlds observed to date.
- The lemon shaped exoplanet completes an orbit around its pulsar every 7.8 hours, at a distance of approximately 1 million miles.
- This discovery represents the first known Jupiter-mass gaseous planet orbiting a pulsar.
- Observations with the JWST revealed an atmosphere dominated by helium and carbon, featuring detectable molecular carbon species such as C2 and C3.
- Day-side temperatures reach up to 3,700 degrees Fahrenheit, while the night side cools to about 1,200 degrees Fahrenheit.
- The pulsar’s emission is negligible in the infrared wavelengths observed by JWST, enabling a clear transmission spectrum of the planet’s atmosphere without significant contamination from the host.
- The system resembles a black widow pulsar, where the neutron star evaporates its companion, yet the planetary mass and composition do not fit standard stripping models.
- Astronomers believe they may have discovered evidence of a mysterious structure far beyond Neptune, hidden deep inside the Kuiper Belt.
- The Kuiper Belt extends approximately 30 to 50 astronomical units (AU) from the Sun and contains icy remnants left behind during the solar system's formation.
- A team of scientists from Princeton University, led by astrophysicist Aamir Siraj, has identified a new structure at a distance of approximately 43 AU.
- They believe it could be a 'primordial cluster'—a group of icy objects that has existed virtually unchanged since the early solar system.
- The extremely calm and stable orbits of these objects indicate the region's antiquity and minimal disruption.
- This discovery could help explain how giant planets formed and gradually reached their current orbits.
- The new structure shows even lower eccentricity than the previously identified 'kernel' region, suggesting it may be even older and more stable.
- According to Princeton researchers, the classical belt's structure should be understood as consisting of three major components: a 'hot' component and two 'cold' components called the core and the kernel.
- Discovered two asteroids—2020 CM24 in Class VIII and 2021 CM37 two years later—through the International Astronomical Collaboration’s Asteroid Search Campaign
- Represented India at the 2021 Astronomy and Astrophysics Competition in Germany and won a Silver Honour
- Underwent 10-day basic astronaut training at the International Air and Space Program, becoming the youngest Indian to do so
- Chosen by Titans Space Industries (Florida) for 2026-2029 advanced astronaut training among 150 candidates from 36 countries; programme includes zero-gravity, scuba diving, and hiking modules ahead of a planned 300 km Earth orbit mission
- Plans to pursue a bachelor’s degree in astrophysics in Germany
Bombay Natural History Society (BNHS) releases 15 Indian vultures at Melghat Tiger Reserve (MTR)
[Bombay Natural History Society (BNHS)]
Key Updates:
- The Bombay Natural History Society (BNHS) released 15 critically endangered Indian vultures at Somthana Range of Melghat Tiger Reserve (MTR) as part of its ongoing vulture conservation programme.
- The birds were translocated from the Vulture Conservation Breeding Centre (VCBC), Pinjore (Haryana), to Melghat on April 23.
- All 15 birds were fitted with GSM/satellite tags to enable scientists to monitor their movement & survival in the wild.
- The soft release process began on Jan 2 when the aviary gates were opened from a distance & food was placed outside to encourage the birds to come out naturally.
- Conservation challenges were addressed by establishing feeding stations and sourcing safe cattle carcasses through active partnerships with gaushalas.
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- Wildlife enthusiasts confirmed the presence of an Eastern Imperial Eagle visiting the Mudumalai Tiger Reserve during the winter migratory season.
- The bird breeds primarily throughout Western and Central Asia and migrates during winter to parts of Africa, the Middle East as well as South and East Asia.
- Arockianathan Samson from the Bombay Natural History Society documented 58 species of raptors in MTR between 2011 and 2022.
- The tiger reserve provides an ideal habitat, food availability and a conducive climate for raptors to flourish.
- Continuous sightings of the Imperial Eagle have been documented through the global bird-watching platform eBird from 2020 to 2025.
- The Clouded leopard (Neofelis nebulosa) is a vulnerable and Schedule I–protected species.
- The species was sighted at the Kakoi Reserve Forest (RF) located in the eastern Himalayan foothills of Assam.
- The sighting was recorded during a routine camera-trap exercise.
- The presence of the species highlights the vital role smaller reserve forests play in the conservation of threatened carnivores.
- A Siberian tigress was spotted with five cubs in China.
- Forest officials in Panchkula have deployed drones for rescue teams following an alert over a leopard sighting.
- A rare red fox appeared near Pangong Tso, leading an IFS officer to flag conservation concerns.
- The Nature Conservancy is restoring habitat for a rare moth and other prairie species.
- The National Tiger Conservation Authority (NTCA) confirmed the presence of a tiger in the Ratanmahal Wildlife Sanctuary in central Gujarat.
- Forest officials detected pugmarks of a tiger in the Pipalgota Round of the Kanjeta Range in the sanctuary.
- Analysis of camera trap data revealed an image of a tiger captured at 2:40 am.
- The NTCA included Gujarat in the national Tiger Census and suggested steps to strengthen the ecosystem.
- The Gujarat Forest Department has increased the number of camera traps and is ensuring availability of water, prey base, security, and fire prevention.
- Prey base species such as antelopes and spotted deer were released in the area during the monsoon.
- Forest department officials will be trained in conservation and breeding of tigers.
- Attempts are on to bring a female tiger to increase the tiger population in the region.
- Gujarat has become the only state in India to host three big cat species — lion, tiger and leopard — simultaneously.
- The Mohan Yadav cabinet accorded approval to develop the Veerangana Durgavati Tiger Reserve, Nauradehi, in Sagar district as the third cheetah habitat in the state.
- Kuno National Park in Sheopur district is the first cheetah habitat and Gandhi Sagar Wildlife Sanctuary in Mandsaur district is the second.
- The state currently has a cheetah population of 31, with 28 in Kuno and 3 in Gandhi Sagar.
- Eight cheetahs from Botswana are expected to arrive at Kuno and the new habitat is being prepared for their translocation.
Indian Institute of Technology, Indore (IIT-I) promotes Hindi as functional language for science and technology
[Indian Institute of Technology]
Key Updates:
- The Indian Institute of Technology, Indore (IIT-I) is positioning Hindi as a functional language for scientific and technological learning to improve comprehension and widen access to knowledge.
- The initiative is being driven through Abhyuday-3, a two-day National Technical Hindi Seminar organized by IIT-I in collaboration with IIT Jodhpur and the CSIR–National Institute of Science Communication and Policy Research.
- At the institute, select first-year lectures are being delivered in Hindi and research abstracts are being compiled in accordance with prescribed official language standards.
- The seminar resulted in the release of Smarika, a compilation of 26 peer-reviewed research papers written in Hindi covering science, engineering, digital technology, and innovation.
- The program aims to strengthen technical Hindi to ensure wider dissemination of knowledge and reinforce the linguistic diversity of India.
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- Ministry of Panchayati Raj (MoPR) launched SabhaSaar, an AI-powered meeting-summarization tool that generates structured Minutes of Meetings from Gram Sabha and other Panchayat meetings using audio/video recordings.
- SabhaSaar is integrated with BHASHINI, the National Language Translation Mission of MeitY, supporting 22 Indian languages for text-to-text translation and 13 Indian languages for voice-to-text transcription.
- As of 28.11.2025, a total of 92,034 Gram Panchayats have used the SabhaSaar tool for automated meeting summarization.
- Dr. S. Jaishankar, Minister of External Affairs of India, will deliver a Spotlight Lecture at Shaastra 2026 organised by Indian Institute of Technology Madras (IIT Madras).
- Prof. Jeffrey Ullman, Turing Award recipient, will deliver a Spotlight Lecture at Shaastra 2026 organised by IIT Madras.
- Prof. Subra Suresh, former Director of the US National Science Foundation, will deliver a Spotlight Lecture at Shaastra 2026 organised by IIT Madras.
- Dr. Vidita Vaidya, Shanti Swarup Bhatnagar Prize awardee, will deliver a Spotlight Lecture at Shaastra 2026 organised by IIT Madras.
- CSIR–National Institute of Science Communication and Policy Research (CSIR–NIScPR), Vijnana Bharti (VIBHA), Indian Institute of Tropical Meteorology (IITM) and Panjab University organised Vigyanika as part of India International Science Festival (IISF) 2025.
- Session ‘Vigyan Se Samruddhi – For Atmanirbhar Bharat’ focused on ‘traditional knowledge communication and its role in advancing national self-reliance’.
- Dr. Viswajanani J. Sattigeri, Head, CSIR-TKDL, emphasized ‘the importance of documenting, disseminating and implementing policy for traditional knowledge’.
- The week-long Bharat-Sri Lanka Sanskrit Mahotsav was inaugurated at the University of Colombo.
- The festival is jointly organised by the Swami Vivekananda Cultural Centre, Sri Lanka’s Ministry of Education, the Central Sanskrit University, and the India-Sri Lanka Foundation.
- The event brings together scholars, monks, and students from India and Sri Lanka to celebrate Sanskrit as a shared civilisational legacy.
NASA Confirms First Starless Dark-Matter Hydrogen Cloud 'Cloud-9' Near Messier 94
[National Aeronautics and Space Administration (NASA)]
Key Updates:
- NASA dubbed the object 'Cloud-9' and described it as a 'starless, gas-rich dark-matter' hydrogen cloud.
- Cloud-9's core is made up of neutral hydrogen and is about 4,900 light-years in diameter.
- The hydrogen mass is estimated at one million times the mass of the sun, with dark matter totaling about five billion solar masses.
- Cloud-9 is the ninth gas cloud identified on the outskirts of the nearby spiral galaxy Messier 94 and appears to have a 'physical association' with it.
- Hubble Space Telescope observations confirmed there are no stars inside Cloud-9, supporting theories of failed galaxy formation.
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- Astronomers studied the young, Sun-like star T Chamaeleontis (T Cha), which is located approximately 350 light-years from Earth.
- The James Webb Space Telescope (JWST) revealed the presence of complex organic molecules known as polycyclic aromatic hydrocarbons (PAHs) in the star's circumstellar disk.
- A sudden burst of accretion in 2022 caused the partial collapse of the disk’s inner wall, allowing ultraviolet (UV) radiation to illuminate previously hidden regions.
- The detection was made using the JWST’s Mid-Infrared Instrument (MIRI), which captured the PAH glow in the 5–15 microns wavelength range.
- Scientists from the Indian Institute of Astrophysics (IIA), an autonomous institute under the Department of Science and Technology (DST), led the analysis of the spectroscopic data.
- The study found that the PAHs in the T Cha disk are relatively small, containing fewer than 30 carbon atoms.
- Comparison with archival data from the Spitzer Space Telescope from 2002 showed that the intrinsic properties of the molecules remained stable over nearly two decades.
- The T Cha system contains a wide gap in its disk believed to have been carved out by an emerging protoplanet.
- The James Webb Space Telescope (JWST) has observed the universe's earliest supernova, offering a rare glimpse into the early universe.
- This event shows how massive stars lived short, explosive lives, which helped create the elements needed for planets and life.
- JWST tracked the earliest ever-known supernova back to the very dawn of the universe, providing direct evidence for the harsh and short lives of the first stars.
- Astronomers used the near-infrared cameras of the James Webb Space Telescope, specifically the NIRCam instrument, to spot barely perceptible light variations between two sets of observations.
- The observation was attributed to a core collapse supernova, as per research and a report from the European Space Agency (ESA).
- The deep space explosion was found in a small, tightly packed, and very lively galaxy that existed during the first billion years after the Big Bang.
- The star that caused the supernova was extremely large, ran out of its nuclear fuel very fast, and then collapsed under its own weight, propelling heavy metals and leaving a dispersing cloud of material.
- Supernovae are major factors behind cosmic evolution, as they are the sources of heavy elements needed for forming planets, organic molecules, and complex chemistry.
- Astronomers using National Aeronautics and Space Administration (NASA)’s James Webb Space Telescope (JWST) have characterized a remarkable exoplanet with an unusual lemon shaped appearance.
- Designated PSR J2322-2650b, this Jupiter-mass world orbits a rapidly spinning neutron star known as a pulsar.
- Strong gravitational tides from the compact host stretch the planet into a distinctive lemon shaped exoplanet, marking it as one of the most deformed worlds observed to date.
- The lemon shaped exoplanet completes an orbit around its pulsar every 7.8 hours, at a distance of approximately 1 million miles.
- This discovery represents the first known Jupiter-mass gaseous planet orbiting a pulsar.
- Observations with the JWST revealed an atmosphere dominated by helium and carbon, featuring detectable molecular carbon species such as C2 and C3.
- Day-side temperatures reach up to 3,700 degrees Fahrenheit, while the night side cools to about 1,200 degrees Fahrenheit.
- The pulsar’s emission is negligible in the infrared wavelengths observed by JWST, enabling a clear transmission spectrum of the planet’s atmosphere without significant contamination from the host.
- The system resembles a black widow pulsar, where the neutron star evaporates its companion, yet the planetary mass and composition do not fit standard stripping models.
- The interstellar comet 3I/ATLAS is not only brightening but also taking on a distinct green hue as it approaches Earth.
- The latest image of the comet was captured by scientists using the Gemini Multi-Object Spectrograph (GMOS) on the 8.1-meter Gemini North telescope atop Hawaii's dormant Mauna Kea volcano.
- The green colour of the comet is caused by diatomic carbon (C2) molecules in its coma, which emit light at green wavelengths when exposed to solar radiation.
Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) develops first supercomputer-powered simulation to capture Mpemba effect
[Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR)]
Key Updates:
- Indian scientists have developed the first supercomputer-powered simulation to capture the long-existing paradox of hot water freezing faster than cold water.
- Researchers from Jawaharlal Nehru Centre for Advanced Scientific Research have used supercomputers to develop the first simulation of ice formation, proving the Mpemba effect of water.
- The simulation also demonstrates that the effect can appear during fluid-to-solid transitions in systems other than water.
- This research has been published in the Journal of Communication Physics.
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- The launch of the Param Rudra supercomputer in IIT Patna marks a significant step in expanding India’s high-performance computing capacity.
- Under the NSM, 37 supercomputers have already been deployed nationwide, delivering a combined computing capacity of around 39 petaflops.
- Param Rudra is an 838-teraflops system using largely indigenous components and runs on an Indian-developed software stack created by C-DAC.
- Bibha Chowdhuri was a pioneering Indian physicist in cosmic ray research.
- She published three consecutive papers in Nature alongside Debendra Mohan Bose.
- Chowdhuri completed her PhD at the University of Manchester under Nobel laureate P. M. S. Blackett.
- She became the first woman researcher at the Tata Institute of Fundamental Research (TIFR) in 1949.
- Later she joined the Physical Research Laboratory (PRL) at Ahmedabad and worked on the Kolar Gold Mine experiments.
- Despite her contributions, she received no national awards or major scientific fellowships.
- The NITI Aayog’s Frontier Tech Hub, in partnership with International Business Machines-IBM, has released a national roadmap to transform India into one of the world’s top-three quantum economies by 2047.
- The plan aims to build home grown quantum computing hardware and software, foster at least 10 globally competitive quantum and capture a major share of the global quantum software and services market.
- It envisages applying quantum technologies across key sectors such as defence, energy, healthcare, logistics, and finance with hopes of boosting security, efficiency, and innovation nationwide.
- Award recipient: Sai Gautam Gopalakrishnan, associate professor of materials engineering at IISc Bengaluru
- Research focus: leads a computational materials science group at IISc
- Award details: third edition of Manohar Parrikar Yuva Scientist Award 2025; carries Rs 5 lakh cash prize and citation
- Selection process: chosen from 50 applicants; 10 shortlisted for interview; final selection by expert committee headed by Anil Kakodkar
- Presentation venue: award to be conferred at Manohar Parrikar Vigyan Mahotsav in December