Ministry of Statistics and Programme Implementation (MoSPI) to release new GDP, CPI, IIP series with revised base years
[Ministry of Statistics and Programme Implementation (MoSPI)]
Key Updates:
- The government will release the new GDP series on 27 February 2026, the new CPI series on 12 February 2026, and the new IIP series on 28 May 2026.
- The GDP base year has been revised to 2022-23 to reflect current economic structures.
- The CPI base year has been revised to 2024, updating the consumption basket and weights for rural and urban households.
- The IIP base year has been revised to 2022-23 and aligned with the new national accounts series.
- Base year revision is guided by respective Technical Advisory Committees comprising experts from Academia, Central and State governments, and the Reserve Bank of India (RBI).
- CPI and GDP follow the International Monetary Fund (IMF) Special Data Dissemination Standards (SDDS) covering coverage, periodicity, timeliness, public access, integrity, and quality of data.
Similar Coverage
- International Monetary Fund (IMF) raised India’s 2025 growth projection by 0.7 percentage point to 7.3% from 6.6% in October 2025.
- IMF lifted India’s 2026 growth estimate to 6.4% from 6.2%.
- World Bank pegs India’s FY2026 growth at 7.2%, an upward revision of 0.9 percentage points.
- Government estimates India’s GDP growth at 7.4% for FY 2025-26, up from 6.5% last FY.
- IMF projects global growth at 3.3% for 2026 and 3.2% for 2027.
- IMF forecasts US growth at 2.4% in 2026, Euro area at 1.3% in 2026 and 1.4% in 2027, China at 4.5% in 2026 and 4.0% in 2027.
- Global headline inflation seen easing to 3.8% in 2026 and 3.4% in 2027 from 4.1% in 2025.
- MoSPI will release a new Consumer Price Index (CPI) series with 2024 as the base year on 12 February 2026.
- National Accounts data using 2022-23 as the base year will be released on 27 February 2026.
- The updated Index of Industrial Production (IIP) series with 2022-23 as the base year is scheduled for release on 28 May 2026.
- A pre-release consultative workshop on the base revision will be held on Tuesday following the first session on 26 November in Mumbai.
- The workshop will present proposed methodological and structural changes in GDP, CPI, and IIP and seek stakeholder feedback.
- S&P Global Ratings kept its projection for India’s economic expansion at 6.5 per cent in the current fiscal year.
- S&P Global Ratings forecast India’s GDP will grow by 6.7 per cent in fiscal 2027.
- Recent tax cuts and monetary policy easing are set to support consumption-led growth in India.
- India’s real gross domestic product grew 7.8 per cent in the April to June quarter of the current fiscal year.
- A poll by ET of 12 economists shows expectations that India’s economic growth likely quickened to 7.3 per cent in the second quarter.
- The RBI has pegged growth for the September quarter at 7 per cent.
- The Reserve Bank of India has projected growth of 6.8 per cent in the current fiscal.
- If India can secure a trade agreement with the United States, it would reduce uncertainty and lift confidence.
- Lowered goods and service tax (GST) rates will support middle-class consumption and complement income tax cuts and interest rate reductions.
- The Government in the Budget for 2025-26 raised the income tax rebate threshold to ₹12 lakh from ₹7 lakh.
- The RBI in June cut its key policy rate by 50 basis points to 5.5 per cent.
- GST rates on about 375 items were reduced from September 22.
- The higher effective US tariff on India is weighing on export-oriented manufacturing.
- The US’s new approach to trade policy is causing governments and firms to spend time and money on negotiating for exemptions.
- Government of India (GoI) will revise the base year for national accounts from 2011-12 to 2022-23.
- The new base year will come into effect from February 26-27 next year.
- The update aims to ensure national account statistics better reflect the present structure of the economy.
- The IMF assigned a C grade to India’s national accounts data due to the outdated base year of 2011-12.
- India’s real GDP rose 8.2% during the July-September quarter.
MoS Finance Pankaj Chaudhary reports Scheduled Commercial Banks (SCBs) Gross NPAs at historic low of 2.15%
[Scheduled Commercial Banks (SCBs)]
Key Updates:
- The Gross Non-Performing Assets (NPAs) ratio of Scheduled Commercial Banks (SCBs) for domestic operations declined to a historic low of 2.15% as of September 2025.
- According to provisional data from the Reserve Bank of India (RBI), the Gross NPA ratio stood at 2.50% for Public Sector Banks (PSBs), 1.73% for Private Sector Banks (PVBs), and 0.80% for foreign banks.
- The slippage ratio for PSBs improved to 0.8% in September 2025, compared with 1.8% for private sector banks, indicating stronger underwriting standards.
- The government and RBI implemented the 4R’s strategy involving transparent recognition of NPAs, resolving and recovering value, recapitalising PSBs, and reforms in the financial ecosystem.
- As of March 2025, over 30,000 cases involving underlying defaults of ₹13.78 lakh crore were settled at the pre-admission stage under the Insolvency and Bankruptcy Code (IBC) 2016.
- Recovery measures include amendments to the SARFAESI Act, expansion of Debt Recovery Tribunals (DRTs), and enhanced oversight of Asset Reconstruction Companies (ARCs).
- Public sector banks have adopted automated Early Warning Systems (EWS) with nearly 80 triggers and established specialised stressed asset management verticals.
- The Asset Quality Review (AQR) initiated by the RBI in 2015 and mandatory registration of security interests with CERSAI were cited as key regulatory contributors to asset quality improvement.
Similar Coverage
- Gross NPAs of Scheduled Commercial Banks (SCBs) for domestic operations declined to a historic low of 2.15% as of September 2025.
- Public sector banks (PSBs) recorded a gross NPA ratio of 2.50%, private sector banks 1.73%, and foreign banks 0.80% as on 30 September 2025.
- The slippage ratio for PSBs fell to 0.8% in September 2025, lower than the 1.8% recorded by private sector banks.
- Over 30,000 pre-admission cases involving defaults of ₹13.78 lakh crore were settled under the Insolvency and Bankruptcy Code (IBC) as of March 2025.
- The Reserve Bank of India (RBI) initiated the Asset Quality Review in 2015, followed by the government's 4R strategy: recognition, resolution, recapitalisation, and reforms.
- Gross non-performing assets (GNPAs) have fallen to a decadal low of 2.1%.
- The ratio of special mention accounts overdue by 61-90 days (SMA-2) declined to 0.8% as of end-September 2025.
- In the MSME sector, the SMA ratio eased to 5.1%.
- Stress in unsecured loans moderated sharply, with the SMA-2 ratio falling to 13% from more than 20% a year earlier.
- Credit costs for the system are expected to be around 0.6% in the December quarter.
- Fresh stress formation among large borrowers improved, with the SMA-2 ratio declining nearly 36% in September 2025.
- 69% of gold loan disbursements were to prime-and-above borrowers.
- Private sector banks disbursed over 70% of consumer loans to prime-and-above borrowers.
- India Ratings & Research expects advances growth to remain at 13% for FY27, unchanged from FY26.
- Deposit growth is forecast at 11.4% in FY27, up from 10.7% in FY26.
- The loan-to-deposit ratio is projected to rise to 83.2% in FY27 from 81.9% in FY26 and 80.3% in FY25.
- Banks are expected to bridge the funding gap by tapping the certificate of deposit and corporate bond markets.
- Gross non-performing assets are projected to fall to 1.9% in FY26 and 1.7% in FY27 from 2.2% in FY25.
- Non-bank finance companies are projected to record moderated loan growth of 15%-16% in FY27, down from 18% in FY26.
- 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.
All India Institute of Ayurveda (AIIA) signs MoU with General Insurance Council (GIC) for cashless treatment
[All India Institute of Ayurveda (AIIA), General Insurance Council (GIC)]
Key Updates:
- The All India Institute of Ayurveda (AIIA), New Delhi, signed a Common Empanelment Memorandum of Understanding (MoU) with the General Insurance Council (GIC) on 10 February 2026.
- AIIA has become the first Ayush institution in India to enter into a formal empanelment with the GIC to provide cashless treatment facilities.
- The agreement enables AIIA to be empanelled with all 32 general insurance companies under the GIC for eligible Ayurveda-based healthcare services.
- The Ministry of Ayush has launched India’s first dedicated Ayush Health Insurance Helpline with the toll-free number 1800-11-0008 to assist beneficiaries.
- The GIC is a statutory body established under the Insurance Act, 1938, and has been functioning since 2001 under the Insurance Regulatory and Development Authority of India (IRDAI).
- The MoU was signed by Prof. (Vaidya) P. K. Prajapati, Director of AIIA, and Shri Segar Sampathkumar, Director (Health) of the GIC.
- AIIA is the apex institute for Ayurveda established under the Ministry of Ayush and operates a 200-bed referral hospital with 25 specialty departments.
Similar Coverage
- IFFCO-Tokio General Insurance Company is a 51:49 joint venture between Indian Farmers Fertilizer Co-operative and Japan-based Tokio Marine Group.
- The company has tied up with a number of cooperatives to distribute micro insurance for package policies, health, and motor policies.
- IFFCO-TOKIO GIC offers retail products including motor, health, travel, home, and personal accident insurance and corporate insurance products.
- The government has introduced a new health insurance plan for central government health scheme (CGHS) beneficiaries known as Paripoorna Mediclaim Ayush Bima.
- It offers indemnity-based in-patient hospitalisation cover within India, with sum insured options of Rs 10 lakh or Rs 20 lakh available to CGHS beneficiaries.
- AYUSH treatments are covered up to 100% of the sum insured for in-patient hospitalisation; modern treatments are covered up to 25% of the sum insured, with an optional rider for 100% coverage.
- CGHS beneficiaries need to pay a premium, but the plan is available at a discount of 28% and 42% for 70:30 and 50:50 premium co-sharing, respectively.
- The policy is optional and can cover up to six family members under a single policy with no GST applicable.
- Innoviti Technologies received RBI Certificate of Authorization to operate as a Payment Aggregator under the Payments and Settlement Systems Act, 2007.
- The authorization now covers both online and physical in-store payment transactions.
- Innoviti already processes over ₹80,000 crore annually across 2,000+ cities and 50,000+ merchants.
Department of Posts (DoP) and National Stock Exchange of India (NSE) partner to expand mutual fund access
[Department of Posts (DoP), National Stock Exchange of India (NSE)]
Key Updates:
- The Department of Posts (DoP) and the National Stock Exchange of India (NSE) have signed a pact to expand mutual fund access through the NSE MF Invest platform.
- The partnership leverages the network of over 1.64 lakh post offices and the zero-cost NSE MF Invest platform to provide mutual fund products.
- The initiative will be rolled out in a phased manner, with the first phase focusing on Do-It-Yourself (DIY) investments with small, flexible amounts.
- The second phase will expand to the full mutual fund ecosystem, offering access to all open-ended schemes across 55 Asset Management Companies (AMCs).
- The second phase also includes goal-based investing, portfolio analytics, vernacular support, and enhanced advisory services.
- The initiative aims to bridge the gap in mutual fund penetration, which remains low at approximately 10 per cent of Indian households.
- The mutual fund industry in India has recorded Assets Under Management (AUM) surpassing ₹81 lakh crore with strong Systematic Investment Plan (SIP) inflows.
Similar Coverage
- Odisha and Meghalaya signed an MoU to strengthen Early Childhood Care, Education and Development through mutual learning and capacity building.
- The MoU covers nutrition, health, early learning, responsive caregiving, community engagement, and institutional capacity building.
- It provides for knowledge exchange, joint research, exposure visits, documentation of best practices, and capacity development of functionaries.
- The Department of Posts (DoP) and SIDBI signed an MoU for Contact Point Verification (CPV) of Informal Micro Enterprises registered on the Udyam Assist Platform.
- India Post will leverage its 1.64 lakh Post Offices to conduct on-ground CPV including physical verification of business existence, location, activity and key business parameters.
- SIDBI will integrate CPV reports into the Udyam Assist Platform to strengthen data credibility and enable informed credit decisions for informal micro enterprises.
- A dedicated digital CPV mobile application will drive the initiative, ensuring speed, transparency and nationwide scalability.
- The MoU is valid for two years from 31 December 2025 to 30 December 2027, with provisions for extension and includes clauses on data confidentiality, dispute resolution and termination.
- Ministry of Skill Development and Entrepreneurship (MSDE) signed an MoU with the World Economic Forum (WEF) to launch and implement a Skills Accelerator in India.
- The Accelerator is a multistakeholder platform aimed at identifying, scaling, and accelerating innovative solutions and public–private partnerships to address critical skills gaps in the workforce.
- It will strengthen India’s technical and vocational education and training ecosystem by aligning skilling initiatives with industry and global economy demands.
- ONGC has signed a Memorandum of Understanding with National Scheduled Tribes Finance and Development Corporation (NSTFDC) to implement CSR-funded infrastructure and education-focused initiatives at Eklavya Model Residential Schools (EMRS).
- Under the CSR project, ONGC has sanctioned Rs 28 crore for strengthening digital learning infrastructure, health and hygiene interventions for girl students, capacity building of teachers, and career counselling and entrepreneurship training for students.
- The initiative will cover 144 EMRS located across 11 States and Union Territories, benefiting over 35,000 tribal students.
Global Finance & Technology Network (GFTN) and Startup Policy Forum (SPF) sign MoU to accelerate fintech and digital innovation.
[Global Finance & Technology Network (GFTN)]
Key Updates:
- Global Finance & Technology Network (GFTN) and Startup Policy Forum (SPF) signed an MoU at Black Swan Summit India 2026 in Bhubaneswar, Odisha.
- GFTN is a Singapore-headquartered platform established by the Monetary Authority of Singapore (MAS) and spans more than 130 countries.
- SPF represents over 65 high-growth Indian startups collectively valued at more than USD 100 billion.
- The collaboration focuses on strengthening global-India innovation corridors, enabling structured policy dialogue, and supporting international expansion of Indian startups.
- Priority areas include digital finance infrastructure, responsible AI, digital assets, cross-border payments, and regulatory innovation.
- GFTN is chaired by Ravi Menon, former Managing Director of MAS.
- SPF works closely with DPIIT, the MeitY Startup Hub, and the IndiaAI Mission.
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.
- The Institute for Development and Research in Banking Technology (IDRBT) has signed a memorandum of understanding (MoU) with the International Institute of Information Technology (IIIT), Hyderabad to collaborate in academics, research, training, student exchange and skill development in the banking, financial services and insurance (BFSI) sector.
- Joint PhD programmes will be offered to researchers in areas such as digital payments, cyber security, vulnerability management, adoption of AI for customer ease, cryptography, blockchain, and fungible and non-fungible tokens.
- Other areas of collaboration between IDRBT and IIIT-Hyderabad include standardisation and validation of technology in BFSI, development of domain-specific SLMs, cyber security initiatives, and improving user experience.
- Osmania University (OU) hosted the International Conference on Biotechnological Innovations for Sustainable Development 2025 (ICBISD 2025), featuring over 200 research presentations on biotechnological innovations.
- The United Economic Forum (UEF) Trade Summit 2025, scheduled for 12th–14th December at the Chennai Trade Centre, had a grand inauguration by Thiru TRB Rajaa, Honourable Minister for Industries, Investment Promotion & Commerce, Government of Tamil Nadu.
- A historic MoU was signed between UEF and the United Nations Sustainable Development Council (UNSDC) to transform 17 of UN's SDGs (Sustainable Development Goals).
- The UNSDC will lead the execution of United Nations Sustainable Development Goals (SDGs) across 45 UEF-associated Educational Institutions, including colleges and schools.
- A 100 crore fund is being set up for entrepreneurs, startups and to scale up businesses, with an initial MoU of 50 crores signed between UEF and Anicut Capital.
- The overarching theme, 'Unnatha Tamilagam – 4Tn for TN,' emphasizes the commitment to empowering 4,500 startups, enabling partnerships, and fostering inclusive economic development.
- A total of 10 MoUs will be signed during the Summit to strengthen strategic partnerships aimed at enabling 10X business growth through advisory support and market access.
- Hub71, Abu Dhabi's global tech ecosystem, has entered into a strategic partnership with the UAE-India CEPA Council.
- The agreement was signed on November 21 on the sidelines of the Abu Dhabi Investment Forum (ADIF) in Mumbai.
- Hub71 will onboard the five winning startups selected through the Series into the Hub71 Immersion Programme.
- From the five winning startups, Hub71 will select one startup to be onboarded into the Access programme.
- The UAE-India Startup Series has already received more than 10,000 applications from across India.
Reserve Bank of India (RBI) grants Payment Aggregator licence to PB Pay Private Limited
[Reserve Bank of India (RBI)]
Key Updates:
- The Reserve Bank of India (RBI) has granted a Payment Aggregator licence to PB Pay Private Limited, which is a wholly owned subsidiary of PB Fintech.
- The Certificate of Authorisation was issued by the RBI on 6th February and became effective immediately.
- The final approval follows an in-principle nod granted by the central bank to the subsidiary in early 2024.
- PB Fintech is the parent organisation of the online insurance marketplace Policybazaar and the lending platform Paisabazaar.
Similar Coverage
- Chennai-based fintech Paysharp received RBI Payment Aggregator-Physical (PA-P) licence on 21 January 2026.
- Paysharp had earlier obtained RBI Payment Aggregator-Online (PA-O) licence in August 2024.
- The company follows a flat-pricing model for merchants across government, B2B enterprises, NBFCs and e-commerce sectors.
- Paysharp has raised ₹23.5 crore across two funding rounds for product development, regulatory compliance and payments infrastructure expansion.
- The Payments Regulatory Board (PRB) held its first meeting in Mumbai under the chairmanship of Reserve Bank of India governor Sanjay Malhotra.
- The board reviewed the functions of RBI's department of payment and settlement systems.
- Key focus areas across domestic and global payment systems were discussed during the meeting.
- Razorpay POS received the Reserve Bank of India (RBI) Payment Aggregator–Physical (PA-P) licence to process in-store transactions.
- Razorpay now holds RBI licences PA-O, PA-P and PA-CB, the last obtained in December 2025.
- The PA-P licence allows Razorpay to aggregate offline payments for large retail chains and SMEs.
- The Reserve Bank of India (RBI) has granted approval to PayG to operate as both an Offline and Cross-Border Payment Aggregator.
- PayG is now authorized to facilitate online payments, QR codes, and international transactions under RBI supervision.
- The company currently provides payment solutions to over 1,000 small business partners and 50 large companies.
- PayG has expanded its platform to offer more than 120 ways to pay since its launch in 2020.
- The new licenses enable the company to support businesses with Point of Sale (POS) terminals and cross-border export transactions.
NATO launches Arctic Sentry military effort to improve High North security
[North Atlantic Treaty Organization (NATO)]
Key Updates:
- NATO launched Arctic Sentry to coordinate national military exercises in the High North.
- Arctic Sentry is not a military operation and does not involve permanent NATO troop deployment.
- The effort will initially label exercises such as Denmark’s Arctic Endurance and Norway’s Cold Response.
- Coordination for Arctic Sentry will be through NATO’s U.S. headquarters in Norfolk, Virginia.
- The United Kingdom will double its troops in Norway from 1,000 to 2,000 over three years.
- France, Germany and Denmark have confirmed participation without specifying troop numbers.
- NATO Secretary-General Mark Rutte cited Russia’s increased activity and China’s growing interest as reasons for the initiative.
Similar Coverage
- Russia that it had used the Oreshnik missile amid a barrage of overnight strikes on Kyiv and Lviv in western Ukraine.
- Ukraine’s Air Force later said the missile travelled at a speed of 13,000km/h (more than 8,000mph).
- Putin has said that the intermediate-range Oreshnik missile is impossible to intercept because of speeds reportedly more than 10 times the speed of sound.
- EU foreign policy chief Kaja Kallas said that the reported Oreshnik strike was meant as a warning to Europe and the US.
- Russia launched its newest nuclear-powered submarine Khabarovsk on 1 November 2025 at the Sevmash shipyard in Severodvinsk.
- The submarine is designed to carry the underwater nuclear drone Poseidon, a nuclear-powered, nuclear-armed system capable of intercontinental underwater travel.
- Poseidon is intended to strengthen Russia’s strategic deterrence, bypass existing missile defence systems, and serve as a second-strike weapon.
- The launch ceremony was led by Andrei Belousov, Russia’s Defence Minister, and attended by Alexander Moiseyev, Chief of the Russian Navy.
- The Khabarovsk is part of Russia’s next-generation underwater systems programme aimed at modernising its nuclear forces amid rising global security tensions.
- The United States Congress approved $200 million in security assistance for Estonia, Latvia and Lithuania under the Baltic Security Initiative (BSI) as part of the Fiscal Year 2026 Defense Appropriations Act.
- President Donald Trump signed the $838.7 billion defense package on 3 February 2026, securing continued US backing for the three Baltic states.
- An additional $10 million was allocated to Estonia through the Foreign Military Financing program, previously used by Tallinn to acquire HIMARS ammunition, Javelin missiles and large-caliber artillery shells.
- The House of Representatives passed the Defense Appropriations Act by 217–214 votes and the Senate cleared it with 71–29 votes.
- Three Russian MiG-31 fighter jets entered Estonian airspace over the Gulf of Finland in September and remained for approximately 12 minutes, prompting Tallinn to request an extraordinary UN Security Council meeting and activate Article 4 of the Atlantic Treaty.
- Congressman Don Bacon, Republican-Nebraska and co-chair of the House Baltic Caucus, stated that Congress is committed to a strong NATO alliance and emphasised the need for friends to counter China, Russia and Iran.
- China-Europe Arctic Express reduces transit time to 18 days versus over 25 days by China-Europe Railway Express, over 40 days via Suez Canal and over 50 days around Cape of Good Hope.
- Arctic Express lowers business inventory needs by 40 per cent and carbon emissions by approximately 50 per cent compared to traditional longer routes.
- Northern Sea Route shortens East Asia-Europe maritime distance from 21,000 km via Suez Canal to 12,800 km, saving 10-15 days transit time.
- International North-South Transport Corridor cuts transport costs by nearly USD 2,500 per 15 tonnes of cargo.
- India-Middle East-Europe Economic Corridor aims to reduce transit times by 40 per cent compared to existing maritime routes.
- Chennai-Vladivostok Maritime Corridor can cut travel time from about 40 days to 24 days.
South Korea and United States Air Forces hold 2025 first Buddy Squadron exercise at Osan Air Base
[South Korea, United States]
Key Updates:
- The South Korean Air Force and the United States Air Force began their first Buddy Squadron exercise of 2025 on Monday at Osan Air Base in Gyeonggi Province.
- The exercise runs through Friday and is the 26-1 iteration under a revised framework reducing annual iterations from eight to four while more than doubling participating aircraft and sorties.
- Participating aircraft include South Korean KF-16 fighters, F-35A stealth fighters, FA-50 light attack aircraft, and United States F-16 fighters.
- The Buddy Squadron exercise, renamed from Friendship Training in 1997, started in 1991 to enhance combined operational capabilities through joint training.
Similar Coverage
- Quad partners, Australia, India, Japan and the United States (US), successfully conducted their first Field Training Exercise (FTX) on the sidelines of Operation Christmas Drop at Andersen Air Force Base, Guam as part of the Quad Indo-Pacific Logistics Network (IPLN).
- The exercise was conducted from 8th to 12th December to strengthen the Quad partners’ disaster response capacity.
- The IPLN is an initiative that enables Quad partners to "leverage shared logistics capabilities to support civilian response to large-scale natural disasters more rapidly and efficiently across the Indo-Pacific."
- Training activities included boarding a Japan Air Self-Defence Force (JASDF) C-130H transport aircraft to enhance interoperability and coordination.
- The FTX reflected the Quad’s commitment to "strengthening practical cooperation to address regional challenges and to ensuring a free and open Indo-Pacific."
- Kim Jong Un oversaw a long-range strategic cruise missile launching drill, state media KCNA reported.
- The cruise missiles flew along their preset orbit above the sea west of the Korean Peninsula and accurately hit their targets.
- Kim described the missile test as 'just a responsible exercise' given that the country 'is facing various security threats.'
- Kim urged 'unlimited and sustained' development of the country's nuclear weapons forces.
- State media photos showed Kim inspecting a nearly completed 8,700-ton hull at a shipyard, indicating progress on North Korea's first nuclear-powered submarine.
- South Korean President Lee Jae-myung is expected to seek China's cooperation on addressing Pyongyang's nuclear ambitions during his planned visit to China.
- Japan, South Korea, and the United States have conducted expanded joint air drills, including US B-52 bombers flying with Japanese fighter jets over the Sea of Japan.
- Exercise AviaIndra-2025 is being hosted by the Indian Air Force (IAF) with the Russian Federation Aerospace Force (RFASF) from 15 to 22 December.
- The exercise is part of the AviaIndra series which began in 2014.
- Personnel from both forces will conduct joint flying operations on Su-30 MKI, Tejas, IL-78 aircraft, and Mi-17 helicopters.
- The exercise aims to enhance bilateral cooperation, mutual understanding, and aerospace synergy between India and Russia.
- The Chinese military's Eastern Theater Command announced 'Just Mission 2025' live-fire drills to the north and southwest of the Taiwan Strait, involving air, navy and rocket troops.
- Taiwan detected at least 14 Chinese naval vessels, 14 coast guard ships and 89 aircraft, 67 of which entered Taiwan’s response zones.
- The drills included fighter jets, bombers, unmanned aerial vehicles and long-range rockets, and practised strikes on land and maritime targets.
- China stated the drills serve 'as a serious warning to Taiwan Independence separatist forces and external interference forces'.
- Taiwan’s defence ministry posted a video showcasing US-made HIMARS rocket systems capable of hitting coastal targets in China’s Fujian province.
- The exercises forced diversion of commercial flights, impacting more than 100,000 international and 6,000 domestic passengers.
- China’s Foreign Ministry spokesperson Lin Jian warned that 'external forces attempting to use Taiwan to contain China and arm Taiwan will only embolden pro-independence arrogance'.
- Taiwan’s President William Lai Ching-te said the island must 'keep raising the difficulty so that China can never meet that standard' for invasion.
Indian Air Force (IAF) and Royal Thai Air Force (RTAF) conduct joint in-situ air exercise from 9-13 February 2026
[Indian Air Force (IAF), Royal Thai Air Force (RTAF), Thailand]
Key Updates:
- The Indian Air Force (IAF) and Royal Thai Air Force (RTAF) are undertaking a joint in-situ air exercise from 9-13 February 2026.
- IAF Su-30MKI, IL-78 refuelling aircraft, AWACS and AEW&C platforms are participating alongside RTAF Gripen aircraft.
- The exercise aims to enhance operational coordination and interoperability between the two air forces and strengthen Indo-Thai defence cooperation.
Similar Coverage
- Exercise: Garuda 25 (8th edition) with Indian Air Force and French Air and Space Force
- Location: Mont-de-Marsan, France
- IAF assets: Su-30MKI fighters, C-17 Globemaster III, IL-78 refuellers
- Focus: air-to-air engagements, air-defence missions, coordinated strike operations
- Quad partners, Australia, India, Japan and the United States (US), successfully conducted their first Field Training Exercise (FTX) on the sidelines of Operation Christmas Drop at Andersen Air Force Base, Guam as part of the Quad Indo-Pacific Logistics Network (IPLN).
- The exercise was conducted from 8th to 12th December to strengthen the Quad partners’ disaster response capacity.
- The IPLN is an initiative that enables Quad partners to "leverage shared logistics capabilities to support civilian response to large-scale natural disasters more rapidly and efficiently across the Indo-Pacific."
- Training activities included boarding a Japan Air Self-Defence Force (JASDF) C-130H transport aircraft to enhance interoperability and coordination.
- The FTX reflected the Quad’s commitment to "strengthening practical cooperation to address regional challenges and to ensuring a free and open Indo-Pacific."
- The fifth edition of the joint military exercise 'Harimau Shakti' is being held at Mahajan Field Firing Range from December 5-18.
- The Indian contingent is represented mainly by troops from the Dogra Regiment.
- The Malaysian side is represented by troops from the 25th Battalion Royal Malaysian Army.
- The exercise aims to jointly rehearse conduct of sub-conventional operations under Chapter VII of United Nations mandate.
- The scope includes synergising joint responses during counter-terrorist operations, cordon, search and destroy missions, and heliborne operations.
- Army Martial Arts Routine, combat reflex shooting, and yoga are part of the exercise curriculum.
- Both sides will rehearse drills to secure helipads and undertake casualty evacuation during counter-terrorist operations.
- Exercise AviaIndra-2025 is being hosted by the Indian Air Force (IAF) with the Russian Federation Aerospace Force (RFASF) from 15 to 22 December.
- The exercise is part of the AviaIndra series which began in 2014.
- Personnel from both forces will conduct joint flying operations on Su-30 MKI, Tejas, IL-78 aircraft, and Mi-17 helicopters.
- The exercise aims to enhance bilateral cooperation, mutual understanding, and aerospace synergy between India and Russia.
World Wildlife Fund (WWF) India launches Goa's first biodiversity and cultural map
[World Wildlife Fund (WWF)]
Key Updates:
- World Wildlife Fund (WWF) India has developed the first biodiversity and cultural features map of Goa to be used as an educational tool in schools.
- The map features 48 commonly found species in Goa, covering birds, mammals, reptiles, sea animals, mangroves, and insects.
- Cultural aspects represented on the map include Kaavi art, the dressing of Kunbi women, the folk dance of Ghoddemodni, and the practice of crocodile worship known as manngetapnni.
- The map was created by artist Sudarshan Shaw using a folk indica art style to interest students.
- The initiative is integrated with the National Education Policy (NEP), under which WWF has trained approximately 450 teachers in government and government-aided schools starting from Class VI.
- The map was released by Stephen Alter at the Goa Art and Literature Festival.
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- Goa has become the second state in India, after Kerala, to publish a comprehensive state-level bird atlas.
- The Bird Atlas of Goa was released during the ninth Bird Festival of Goa, which was formally inaugurated at Valpoi.
- The ninth edition of the bird festival was organised under the theme Majestic Mhadei.
- A publication titled Birds of Goa: Konkani Nomenclature – Olakh Suknayanchi was released to popularise avifauna documentation in the local language.
- The Goa Forest Department signed a Memorandum of Understanding (MoU) with ResQ Charitable Trust to enhance wildlife rescue and rehabilitation coordination across the state.
- Chief Secretary and Principal Secretary of Forests, C Candavelou, served as the chief guest for the festival inauguration.
- Kerala has launched the International Spice Routes Heritage Network, a global platform to boost cultural tourism and research by leveraging its historic maritime trade.
- The initiative signals a strategic push to reposition heritage as a contemporary economic and tourism resource rather than a static historical narrative.
- The Spice Routes Network would function as a platform for collaborative research, joint projects and shared resources in heritage conservation, archaeology, documentation, and museum development.
- Organised by the Kerala Tourism Department in collaboration with the Muziris Heritage Project, the January 6-8 event brings together historians, policymakers and cultural practitioners from India and abroad.
- Tourism Minister P.A. Mohamed Riyas announced the initiative while inaugurating the three-day International Spice Routes Conference, themed 'Ancient Trails. New Journeys', at Bolgatty Palace.
- The traditional Arunachal Pradesh Dao has been awarded the Geographical Indication (GI) tag, recognizing its unique cultural and geographical heritage.
- The certification was granted by the Geographical Indications Registry under the Ministry of Commerce and Industry, Government of India, as part of the Arunachal Pradesh government's aggressive pursuit of GI registrations.
- The GI tag aims to safeguard authenticity by ensuring only Daos produced in Arunachal Pradesh using traditional methods bear the label, enhance economic opportunities for artisans, promote tourism and branding, and preserve endangered skills.
- The government plans to support artisans through specialized training programs, branding initiatives, improved marketing linkages, and collaborations with organizations like NABARD for post-GI marketing and skill development, aligning with its “Brand Arunachal” initiative.
- The state hosted its first GI Mahotsav in New Delhi in 2025, displaying certified products to a national audience, as part of its broader strategy to empower rural artisans and boost the local economy.