The Quality Council of India (QCI) and the Footwear Design and Development Institute (FDDI) signed a Memorandum of Understanding (MoU) on June 12, 2026. The partnership aims to strengthen quality, testing, accreditation…
Quality Council of India (QCI) and National Small Industries Corporation Limited (NSIC) sign MoU to strengthen MSME quality, competitiveness and market access
Key Updates:
- The Quality Council of India (QCI) and the National Small Industries Corporation Limited (NSIC) signed a Memorandum of Understanding (MoU) to establish a collaborative ecosystem for Micro, Small and Medium Enterprises (MSMEs).
- The partnership aims to integrate key national initiatives including the MSME Sustainable (ZED) Certification Scheme, MSME Global Mart, the TEAM Initiative and the Single Point Registration Scheme (SPRS).
- ZED-certified MSMEs will receive enhanced digital commerce opportunities through MSME Global Mart, onboarding on the Open Network for Digital Commerce (ONDC) under the TEAM Initiative, AI-enabled product cataloguing, and export promotion via dedicated digital platforms.
- The collaboration will support NABL accreditation for NSIC testing facilities and enable NABET-led assessment, accreditation and capacity-building programmes for NSIC training centres and laboratories.
- QCI and NSIC will constitute a Joint Coordination Committee (JCC) that will meet every quarter to monitor progress and identify new areas of collaboration during the five-year tenure of the MoU.
- The MoU was signed at the QCI Office, World Trade Centre, New Delhi, in the presence of senior officials including NSIC Chairman-cum-Managing Director Dr. Subhransu Sekhar Acharya and QCI Senior Director Dr. A. Raj.
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Ministry of Micro, Small and Medium Enterprises signs MoU with NICDC Logistics Data Services to boost data-driven logistics (Mid of April)
The Ministry of Micro, Small and Medium Enterprises (MSME) signed a memorandum of understanding (MoU) with NICDC Logistics Data Services Limited (NLDS) to strengthen a data-driven logistics ecosystem for MSMEs. The…
The National Institute of Securities Markets (NISM) and the Indian Institute of Corporate Affairs (IICA) signed a Memorandum of Understanding (MoU) in Mumbai on May 19. NISM is an educational institution established by…
Air India signed a Memorandum of Understanding (MoU) with SIA Engineering Company Limited (SIAEC) to collaborate on Maintenance, Repair and Overhaul (MRO). The partnership aims to contribute towards developing India as a…
AU Small Finance Bank (AU SFB) and Zaggle Prepaid Ocean Services launch co-branded retail credit card on Visa and RuPay networks
Key Updates:
- AU Small Finance Bank (AU SFB) has partnered with Zaggle Prepaid Ocean Services to launch a co-branded retail credit card available on both Visa and RuPay payment networks.
- The Visa variant offers up to 8% Zagg Coins on eligible contactless transactions, while the RuPay variant offers up to 8% Zagg Coins on eligible UPI payments made through the zagg.money app.
- The card provides up to 4% Zagg Coins on eligible e-commerce spends and a 1% fuel surcharge waiver on fuel purchases.
- Accumulated Zagg Coins can be converted into cashback through the zagg.money app, with cashback credited to the customer's credit card account.
- The card includes optional value passes for activating additional benefits across groceries, dining, utility bill payments, entertainment, and travel.
- Other features include airport lounge access, vouchers, and spend-based rewards depending on selected benefits.
- Zaggle plans to offer the card to employees across its corporate client network.
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Punjab National Bank (PNB) and Zaggle Prepaid Ocean Services Ltd (Zaggle) launch biodegradable co-branded twin credit cards (End of June)
Punjab National Bank (PNB) has partnered with Zaggle Prepaid Ocean Services Ltd (Zaggle) to launch biodegradable co-branded twin credit cards to target the Gen Z and Millennial segments. The PNB-Zaggle Co-branded Twin…
AU Small Finance Bank (AU SFB) launched a segmented four-card credit card portfolio targeting first-time credit customers, young salaried professionals, Gen Z spenders, and affluent travellers. The AU Ananta Credit Card…
AU Small Finance Bank (AU SFB) and CheQ have launched a co-branded credit card featuring an LED-powered tap-to-pay indicator. The LED feature is powered by the Near Field Communication (NFC) field of the point-of-sale…
SBM Bank India and Paisabazaar Launch Paisa+ Credit Card (End of June)
Paisabazaar, a part of PB Fintech, and SBM Bank India have launched the SBM Paisabazaar Paisa+ Credit Card, a Fixed Deposit (FD)-backed credit card. The credit card requires a minimum FD starting from ₹2,000 and provides…
Government of India (GoI) Approves Dixon-Vivo Joint Venture for Domestic Smartphone Manufacturing
Key Updates:
- The Government of India (GoI) has approved the joint venture (JV) between Dixon Technologies and Vivo Mobile India for manufacturing smartphones and other electronic devices.
- Under the JV, Dixon Technologies will hold a 51% stake, while Vivo Mobile India will own the remaining 49%.
- The JV will operate as an original equipment manufacturer (OEM) and will manufacture a part of Vivo’s smartphone orders in India.
- Motilal Oswal projects a 33% CAGR in revenue, 37% CAGR in EBITDA, and 36% CAGR in profit after tax for Dixon between FY26 and FY28.
- The brokerage expects the JV to add an annual manufacturing capacity of 20-22 million smartphone units.
- The JV will begin with an initial paid-up share capital of ₹5 crore, contributed in a 51:49 ratio.
- Production from the JV is expected to start in the third quarter of FY27 (Q3FY27).
- Dixon expects nearly 67% of Vivo Mobile India’s production volumes to shift to the new JV.
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The Department for Promotion of Industry and Internal Trade (DPIIT) has constituted six sector-specific working groups to identify up to 100 products to promote domestic manufacturing and reduce import dependence. The…
Ministry of Finance (MoF) waives Basic Customs Duty (BCD) on key electronic components (Start of July)
The Ministry of Finance (MoF) has waived the Basic Customs Duty (BCD) on goods used in the manufacturing of display assemblies, lithium-ion cells, and inductor coil modules. The Ministry of Electronics and IT (MeitY)…
Sahajanand Medical Technologies (SMT) obtains ISO 50001:2018 Energy Management System certification (Start of May)
Sahajanand Medical Technologies (SMT) has obtained the ISO 50001:2018 Energy Management System certification for its manufacturing facilities in Surat and Hyderabad. SMT is the first domestic cardiovascular manufacturing…
India's fiscal deficit for the first two months of Financial Year 2026-27 (FY27) stood at ₹1.62 lakh crore, accounting for 9.6% of the full-year budget estimate. Total receipts for the April-May period were recorded at…
State Bank of India (SBI) sells 1.42% stake in SBI Funds Management for Rs. 1,655 crore ahead of IPO
Key Updates:
- State Bank of India (SBI) has sold a 1.42% stake in its asset management arm, SBI Funds Management Ltd (SBIFM), to 30 investors for ₹1,655 crore in a pre-IPO placement round.
- The stake was sold at ₹574 per share, which is the higher end of the IPO price band.
- SBI Funds Management's ₹11,600-crore IPO opens on July 14, 2026 and closes on July 16, 2026.
- The entire IPO is an Offer for Sale (OFS) by promoters SBI and Amundi India Holding.
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Oman India Joint Investment Fund II (OIJIF II) sells 3.65% stake in Capital Small Finance Bank for ₹37 crore (Mid of June)
Oman India Joint Investment Fund II (OIJIF II) sold a 3.65% stake in Capital Small Finance Bank for approximately ₹36.79 crore through a block deal on the National Stock Exchange (NSE). Lyptus Punch-Card Fund acquired…
The State Bank of India (SBI) presented a dividend cheque of ₹8,813 crore to the Central government for the financial year 2025-26. The dividend cheque was handed over to Union Finance Minister Nirmala Sitharaman by SBI…
State Bank of India (SBI) aims to expand its balance-sheet to approximately 25 per cent of India's GDP by 2030, increasing from the current level of about 20 per cent. SBI plans to improve its market share by one per…
SoftBank Affiliate SVF II Lightbulb (Cayman) Sells Lenskart Solutions Stake for ₹2,873 Crore (Start of June)
SoftBank affiliate SVF II Lightbulb (Cayman) sold 5.65 crore shares of Lenskart Solutions at ₹508.55 per share in a block deal valued at approximately ₹2,873 crore. The buyers of the stake included global funds Goldman…
WIPO Report 2026 Reaffirms India as Global Innovation Powerhouse; Intangible Investment Grows 7.9%
Key Updates:
- India's intangible investments grew 7.9% in 2023 to reach $78.2 billion, the fastest growth among the world's 15 largest economies.
- The World Intangible Investment Report 2026, jointly published by the World Intellectual Property Organization (WIPO) and Luiss Business School, highlighted India's emergence as a global innovation powerhouse.
- Software and databases accounted for 45% of India's total intangible investment in 2023, the highest share among all economies covered.
- Other components of India's intangible investments included organisational capital (21.8%) and brands (9.3%).
- Globally, intangible investments across 29 economies crossed $10 trillion in 2025, growing at a CAGR of 3.5% from 2008 to 2025, compared to 0.98% for tangible investments.
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United Nations Conference on Trade and Development (UNCTAD) ranks India 11th among top FDI destinations in 2025 (Start of July)
India climbed to the 11th position among global foreign direct investment (FDI) recipients in 2025, with inflows rising to $38.89 billion from $27.09 billion in 2024. The United Nations Conference on Trade and…
Jio Platforms, the technology arm of Reliance Industries, has entered the global top 20 in the latest Patent Cooperation Treaty (PCT) rankings released by the World Intellectual Property Organisation (WIPO). The company…
The National Statistical Office (NSO) reported India's Gross Domestic Product (GDP) growth at 7.7% for the full financial year 2025-26 and 7.8% for the January-March quarter (Q4 FY26). Gross Value Added (GVA) is…
The Atal Innovation Mission (AIM) of NITI Aayog, in partnership with the Software Technology Parks of India (STPI), hosted the GCC Conclave on Innovation 2026 in Bengaluru. The event focused on connecting Global…
Ministry of Commerce and Industry Reports India’s Wholesale Inflation Rises to 9.87% in June 2026
Key Updates:
- India’s wholesale price inflation, based on the Wholesale Price Index (WPI), rose to 9.87% in June 2026, up from 9.68% in May 2026.
- The WPI Food Index inflation accelerated to 6.14% in June from 4.49% in May.
- Fuel and power inflation stood at 27.41% in June, easing from 30.33% in May, with mineral oils recording a 46.48% year-on-year increase.
- Inflation in manufactured products remained unchanged at 7.48% in June, with chemicals and basic metals recording double-digit inflation at 12.78% and 12.31%, respectively.
- The final WPI inflation for April 2026 was revised upward to 8.36% from the provisional estimate of 8.26%.
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India's wholesale inflation reached 8.3% in April, marking the fastest pace in three-and-a-half years. Fuel and power inflation jumped to 24.71% in April from 1.05% in March, driven by a 67.18% rise in crude petroleum…
The National Statistics Office (NSO) reported India's retail inflation rate for May at 3.93 per cent, up from 3.48 per cent in April, marking the fifth print under the updated 2024 Consumer Price Index (CPI) series. The…
S&P Global (S&P) has lowered India’s economic growth projection for the financial year 2026-27 (FY27) to 6.6% from its earlier estimate of 7.1%. The Gross Domestic Product (GDP) growth for the financial year ended March…
S&P Global Ratings (S&P) has projected India's real Gross Domestic Product (GDP) growth to slow to 6.6 per cent for the fiscal year ending March 2027, compared to 7.7 per cent in 2025-26. The growth projection for the…
India’s June Trade Deficit Surges 59% YoY to $30.43 Billion
Key Updates:
- India's merchandise trade deficit widened to $30.43 billion in June 2026, a 59% year-on-year increase from $19.10 billion in June 2025.
- Imports rose 31% to $70.84 billion, while exports grew 15.5% to $40.41 billion in June 2026 compared to the same month last year.
- Imports from China increased to $38.04 billion in the first quarter of FY27, up from $29.73 billion a year ago.
- The trade deficit in June 2026 was wider than the Reuters poll expectation of $26.63 billion.
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Commerce Ministry records 15 per cent growth in merchandise exports for April-May 2026-27 (End of June)
India's merchandise exports grew by approximately 15 per cent during April-May 2026-27. The Commerce Ministry is scheduled to release the trade data for May on June 15.
India's external debt reached $762.8 billion by March 2026, with the debt-to-GDP ratio increasing to 20.8%. Long-term debt was placed at $613.5 billion, while the share of short-term debt in total external debt rose to…
Reserve Bank of India (RBI) records $7.1 billion current account surplus for Q4 FY26 (Start of June)
India logged a current account surplus of $7.1 billion (0.7% of GDP) in the fourth quarter of FY26, compared to a deficit of $13.2 billion in the third quarter. Personal transfer receipts, primarily remittances, rose to…
India's fiscal deficit for the first two months of Financial Year 2026-27 (FY27) stood at ₹1.62 lakh crore, accounting for 9.6% of the full-year budget estimate. Total receipts for the April-May period were recorded at…
MSME Ministry Mandates TReDS for All MSME Invoice Settlements by CPSEs
Key Updates:
- The Ministry of Micro, Small and Medium Enterprises (MSME) has made it mandatory to use the Trade Receivables Discounting System (TReDS) platforms for settlement of all MSME invoices by Central Public Sector Enterprises (CPSEs).
- All operating CPSEs are required to route invoice settlements for goods and services from MSMEs through any RBI-authorised TReDS platform.
- MSME suppliers retain the choice of whether to discount their invoices or simply collect payment through the mandated platform.
- Finance Minister Nirmala Sitharaman announced in the Union Budget 2026-27 that TReDS had already facilitated over Rs 7 lakh crore in liquidity support to MSMEs.
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The Reserve Bank of India (RBI) has prescribed a minimum net worth requirement of ₹25 crore for entities seeking authorisation to set up and operate a Trade Receivables Discounting System (TReDS) platform. Existing…
The Ministry of Corporate Affairs (MCA) announced the Corporate Mitra scheme to create a cadre of professionals to help micro, small and medium enterprises (MSMEs) meet regulatory requirements. The programme will start…
Reserve Bank of India (RBI) Governor Sanjay Malhotra urged banks and non-banking financial companies (NBFCs) to leverage the digital public infrastructure (DPI) stack including Account Aggregator (AA), Unified Lending…
International MSME Day observed on 27 June (End of June)
International MSME Day, also known as Micro-, Small and Medium-sized Enterprises Day, is observed globally on 27 June every year. The United Nations General Assembly (UNGA) designated this day to recognise the…
PM SVANidhi Street Food Hub Initiative Approved for Lakhanpur in Jammu & Kashmir
Key Updates:
- The Union Government approved a 'Street Food Hub' at Lakhanpur in the Kathua district under the PM SVANidhi initiative.
- The Ministry of Housing & Urban Affairs will provide financial assistance of ₹4 Crore per approved project, released in three instalments.
- The Street Food Hub will be developed across two clusters in Lakhanpur Market, covering 1,754.25 square metres.
- The initiative aims to develop organised and hygienic vending spaces to create sustainable livelihood opportunities for street vendors.
- Cities with a notified Street Vending Plan will receive an additional incentive of ₹25 Lakh.
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Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi): Affordable Working Capital Loans for Street Vendors (Start of June)
The Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched in 2020 to provide affordable working capital loans to street vendors. The scheme aims to facilitate the integration of street vendors into…
Ahmedabad Municipal Corporation (AMC) Launches QR Code-Based Registration and Monitoring System for Street Food Hygiene (Mid of June)
The Ahmedabad Municipal Corporation (AMC) has implemented a QR code-based vendor registration and monitoring system to ensure cleanliness, hygiene, and food safety standards among street food vendors. Under this…
Union Minister of State for Defence Sanjay Seth introduced Namo Stalls in Ranchi under the Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Scheme. The initiative provides street vendors with pushcarts…
The Chhattisgarh government will launch the Adarsh Shahar Samriddhi Yojana to equip emerging towns and urban centres with modern civic infrastructure and facilities. The state government has earmarked ₹200 crore for the…
DBN, GFGNL, and BSNL Sign Addendum for Rs.5,629 Crore BharatNet Rural Broadband Rollout in Gujarat
Key Updates:
- The Department of Telecommunications (DoT), through Digital Bharat Nidhi (DBN), signed an addendum with Gujarat Fibre Grid Network Limited (GFGNL) and BSNL to implement the Amended BharatNet Programme in Gujarat under the State-led model.
- The project has an approved outlay of ₹5,629 crore and will cover 14,287 Gram Panchayats, including upgrading 14,264 existing Gram Panchayats to a ring topology and adding 23 newly created Gram Panchayats.
- Broadband connectivity will be extended to 3,895 villages on a demand basis, and the initiative is expected to support more than five lakh rural home fibre connections.
- The improved infrastructure aims to strengthen digital public services like e-Governance, online education, telemedicine, and digital payments in rural Gujarat.
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Bharat Sanchar Nigam Limited (BSNL) and Indian Institute of Technology (IIT) Kanpur Sign MoU for Telecom Technologies (Mid of June)
Bharat Sanchar Nigam Limited (BSNL) and the Indian Institute of Technology (IIT) Kanpur signed a Memorandum of Understanding (MoU) for the joint research, development, testing, deployment, and commercialisation of…
Union Minister for Rural Development and Agriculture Shivraj Singh Chouhan released the first instalment of Rs 25,863 crore to all states under the Viksit Bharat G-RAM-G Yojana (VB-G-RAM-G). VB-G-RAM-G replaced the…
The Department of Energy and Petroleum of the Gujarat government notified new guidelines for land compensation in Right of Way (RoW) corridors and towers for transmission lines. A Market Rate Committee (MRC) will be…
The Department of Posts (DoP), Ministry of Communications, and the Telecom Regulatory Authority of India (TRAI) signed a Memorandum of Understanding (MoU) in New Delhi on July 11, 2026. The survey will assess the mobile…
Assam Budget FY27: Rs 2.85 Lakh Cr Outlay, Polygamy Bar for Govt Schemes
Key Updates:
- Assam Finance Minister Jayanta Malla Baruah presented a budget of Rs 2,85,084.45 crore for FY 2026-27, targeting a fiscal deficit of 3% of the state's GSDP.
- Any male practising polygamy will be ineligible for government schemes, and government servants found practising polygamy will be liable for dismissal from service.
- A green cess will be levied on stone crushers, coke-based industries, brick kilns, transfer of second-hand vehicles, commercial extraction of groundwater, and environmentally sensitive industries.
- The government will provide 2 lakh government jobs in five years through a task force under the Chief Secretary.
- The Apon Bahan scheme will be extended for five years, and interest subvention for electric vehicles will be enhanced to 4%.
- Subsidised masur dal and sugar will be distributed to NFSA ration card holders from August 2026.
- The budget proposed an investment of over Rs 77,353 crore in Assam's power sector across hydro, solar, thermal, and energy storage projects.
- Four Pumped Storage Power (PSP) projects with a combined capacity of 4,900 MW and an estimated private investment of nearly Rs 27,100 crore have been approved.
- Rs 2,100 crore has been proposed for land acquisition of the Satellite City Project around the Lokpriya Gopinath Bordoloi International Airport.
- The production subsidy for orthodox and specialty tea will be enhanced from Rs 10 per kg to Rs 15 per kg, and a new subsidy of Rs 3 per kg for export-oriented Assam CTC tea will be introduced.
- Land allotments will be made only to persons whose families have lived in Assam for at least three generations.
- Two weeks of paternity leave will be provided for government employees.
- Eligible homestays registered centrally will receive a 30% capital subsidy and 2% interest subvention.
- The Assam Semiconductor Ecosystem on Manufacturing and Innovation (A-SEMI) project will be launched with an outlay of Rs 1,164 crore over five years in partnership with JICA.
- The Agricultural Income Tax exemption threshold for small tea growers will be raised from Rs 2.5 lakh to Rs 10 lakh of annual agricultural income.
- VAT on Piped Natural Gas will be cut from 14.5% to 5%.
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Kerala Revised Budget 2026-27: Mission Samudra and Oommen Chandy Health Insurance Scheme Announced (End of June)
Chief Minister V.D. Satheesan presented the Kerala Revised Budget for 2026–27, introducing Mission Samudra with an allocation of ₹400 crore to transform the state into a global maritime hub. The Oommen Chandy Health…
Annapurna Yojana: ₹36,000 Crore Outlay (End of June)
The West Bengal government announced the Annapurna Yojana with a budget outlay of ₹36,000 crore to provide higher monthly monetary assistance, replacing the Lakshmir Bhandar scheme. A budget of ₹550 crore has been…
India's fiscal deficit for the first two months of Financial Year 2026-27 (FY27) stood at ₹1.62 lakh crore, accounting for 9.6% of the full-year budget estimate. Total receipts for the April-May period were recorded at…
Farmers' Registry Portal: Inclusion of Tea Landholdings to Benefit Small Tea Growers in Assam (End of June)
The Assam government formalised the inclusion of tea and plantation class landholdings in the farmers' registry portal on June 26, 2026. The initiative targets small tea growers (STGs), who contribute nearly 50% of the…
UP CM Yogi Adityanath Renames Ayodhya’s Bhadarsa Town As Bharat Nagar
Key Updates:
- Uttar Pradesh Chief Minister Yogi Adityanath announced the renaming of Bhadarsa municipal town in Ayodhya district as Bharat Nagar.
- The renaming honors Bharat, the younger brother of Lord Ram, whose devotion and sacrifice are cited as an enduring example.
- The area associated with Bharat Kund will also be identified by the name Bharat Nagar.
- The newly constituted Khiloni-Suchitaganj nagar panchayat in Ayodhya district was renamed as Maa Jwala Ji Nagar Panchayat.
- The demand for renaming Khiloni-Suchitaganj was raised by local BJP MLA Amit Singh Chauhan.
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Jalalabad in Uttar Pradesh renamed as Parshurampuri (Start of July)
The Uttar Pradesh cabinet, chaired by Chief Minister Yogi Adityanath, approved the renaming of Jalalabad town in Shahjahanpur district as Parshurampuri. The existing Jalalabad Nagar Palika Parishad has been renamed as…
Uttar Pradesh Government Launches 'Tech Youth-Supported Youth' Scheme for Modern Training of Youth (Mid of May)
On National Technology Day (May 11, 2026), Uttar Pradesh Chief Minister Yogi Adityanath announced the state's aim to become India's 'Deep Tech Capital'. Missions in robotics and artificial intelligence (AI) have been…
West Bengal Chief Minister Suvendu Adhikari announced that August 16 will be observed as 'Ayushman Diwas'. (Mid of July)
The day is dedicated to raising awareness about the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). AB-PMJAY is a health insurance scheme of the Government of India providing annual health coverage of up to…
Union Housing and Urban Affairs (HUA) Minister Manohar Lal announced that the Central Vista redevelopment area will now be referred to as the Kartavya Bhawan Complex or Kartavya Bhawan Area. The Kartavya Bhawan Area…
Delhi Govt Renames Mahila Samriddhi Yojana as Delhi Lakshmi Yojana
Key Updates:
- The Delhi Government renamed the proposed Mahila Samriddhi Yojana as Delhi Lakshmi Yojana.
- The scheme will provide ₹2,500 per month in direct financial assistance to eligible women.
- The rollout is planned around the festival of Raksha Bandhan.
- The scheme will be implemented through the Direct Benefit Transfer (DBT) system.
- It targets women from economically weaker sections.
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The Uttar Pradesh government provides loans ranging from ₹50,000 to ₹10 lakh to women entrepreneurs through the UP Mahila Nidhi under the UP Mahila Udyam Nidhi Yojana. Launched in 2016, the scheme offers credit at an…
The Chhattisgarh government will launch the Adarsh Shahar Samriddhi Yojana to equip emerging towns and urban centres with modern civic infrastructure and facilities. The state government has earmarked ₹200 crore for the…
The Odisha government has transferred more than ₹20,648 crore directly into the bank accounts of over one crore women through four instalments under the Subhadra Yojana. The scheme provides eligible women between the…
The Delhi government launched the Pink Saheli Smart Card Yojana on 2 March 2026 to provide free travel on Delhi Transport Corporation (DTC) and cluster buses operated by the Delhi Integrated Multi-Modal Transit System…
Overview of PM Narendra Modi’s Visit to Australia from July 8-10, 2026
Key Updates:
- The third India-Australia Annual Summit was held in Melbourne from July 8 to 10, 2026, between Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese.
- India and Australia signed a Joint Declaration on Defence and Security Cooperation, renewing the 2009 Joint Declaration on Security and committing to increased military exercise complexity, interoperability, information sharing, aircraft deployments, and defence personnel exchanges.
- A Maritime Security Collaboration Roadmap was concluded to enhance cooperation through information sharing, capability development, and operational coordination.
- An MoU was signed between the Indian Coast Guard and Australia’s Maritime Border Command to support maritime law enforcement, domain awareness, and maritime border protection.
- The two countries launched the Australia-India Partnership on Cyber, Critical Technologies and Supply Chains (PACTS), covering supply chain resilience, critical technology, cybersecurity, digital resilience, and defence research collaboration.
- Administrative arrangements under the India-Australia Civil Nuclear Agreement were finalised, enabling Australian uranium exports to India for exclusively peaceful purposes under International Atomic Energy Agency safeguards.
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Prime Minister Modi visits Indonesia, Australia, and New Zealand from July 6 to 11, 2026 (Mid of July)
Prime Minister Narendra Modi embarked on a six-day visit to Indonesia, Australia, and New Zealand from July 6 to 11, 2026, to strengthen India's Act East Policy and MAHASAGAR Vision. In Indonesia (July 6-8), the Prime…
Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese unveiled the India-Australia Sports Collaboration Roadmap at the Melbourne Cricket Ground (MCG). The MA Chidambaram Stadium in Chennai will host…
The Art of Living, founded in 1981 by Gurudev Sri Sri Ravi Shankar, celebrated its 45th anniversary and the 70th birthday of its founder at the Art of Living International Centre in Bengaluru. The PM MITRA Park at…
India and Sweden have upgraded their bilateral ties to a Strategic Partnership. The two nations launched the Joint Innovation Partnership 2.0 and the India-Sweden Technology and Artificial Intelligence (AI) Corridor.
Indian Navy commissions indigenous stealth frigate INS Mahendragiri into Eastern Fleet
Key Updates:
- INS Mahendragiri is a 6,670-ton indigenous stealth frigate capable of carrying BrahMos supersonic cruise missiles.
- The frigate was commissioned into the Eastern Fleet at Visakhapatnam, with Defence Minister Rajnath Singh attending the ceremony.
- It is the sixth vessel of the Nilgiri-class under Project 17A, designed by the Indian Navy's Warship Design Bureau and built by Mazagon Dock Shipbuilders Limited.
- The warship carries a 32-cell vertical launch system for Barak-8 medium-range surface-to-air missiles.
- It is powered by a Combined Diesel or Gas (CODOG) propulsion system, enabling speeds of up to 28 knots.
- INS Mahendragiri features advanced stealth characteristics, reduced radar signature, and high automation for survivability and efficiency.
- The frigate is equipped with a multi-role helicopter to enhance anti-submarine and surveillance capabilities.
- The final ship of Project 17A, Vindhyagiri, is expected to complete the ₹45,000 crore programme.
- The commissioning marks the sixth stealth frigate inducted in 18 months, reflecting accelerated shipbuilding timelines.
- Its motto is 'Mighty–Majestic–Matchless', and its crest features a goshawk perched atop the Mahendragiri mountain.
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The Indian Navy will commission the Mahendragiri F38, the sixth indigenous stealth frigate of Project 17A, at Visakhapatnam on 11 July. The frigate was designed by the Indian Navy’s Warship Design Bureau and built by…
Indian Navy receives delivery of fourth Nilgiri-class stealth frigate Mahendragiri from Mazagon Dock Shipbuilders (MDL) (Start of May)
The Indian Navy has received delivery of Mahendragiri, a Project-17A Nilgiri-class frigate from Mazagon Dock Shipbuilders (MDL). The Nilgiri-class frigates are an improvement over the Project-17 Shivalik-class and are…
PM Modi commissioned three indigenously designed and built naval platforms – INS Dunagiri (Project 17A stealth frigate), INS Sanshodhak (Survey Vessel Large for hydrography), and INS Agray (Arnala-class Anti-Submarine…
India to induct five indigenous naval platforms in June 2026 (Start of June)
The Indian Navy is set to induct five indigenously built naval platforms in June 2026. The new additions comprise two Project 17A stealth frigates (INS Dunagiri and INS Mahendragiri), one large survey vessel, and two…
Chitkara University Launches Rs 20-Crore Atal Incubation Centre for Drone Tech, Agritech and Renewable Energy
Key Updates:
- Chitkara University launched the Atal Incubation Centre - Chitkara Incubation Foundation (AIC-CIF) and AIC-PRIDE Labs at its Punjab campus.
- The centre is established with a combined investment of up to Rs. 20 crore over five years by the Atal Innovation Mission (AIM), NITI Aayog, and Chitkara University.
- The incubation centre will nurture startups in Drone Technologies, Agritech, and Renewable Energy.
- The inauguration also marked the launch of the ATL Sarthi Punjab initiative by the Atal Innovation Mission to strengthen Atal Tinkering Labs across Punjab.
- The inauguration was led by Mr. Amit Dhaka, IAS, Chief Executive Officer, Invest Punjab, as the Chief Guest.
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Indian Institute of Technology Madras (IIT-Madras) Establishes Deep-Tech Centre in California (Start of May)
The Indian Institute of Technology Madras (IIT-Madras) Global Research Foundation established its first centre in the United States at Menlo Park, California, on April 24. The centre will be developed with a total…
The Andhra Pradesh government will create an angel fund for startups in collaboration with the Small Industries Development Bank of India (SIDBI). The fund is aimed at deep-tech startups in artificial intelligence (AI)…
The Atal Innovation Mission (AIM) of NITI Aayog, in partnership with the Software Technology Parks of India (STPI), hosted the GCC Conclave on Innovation 2026 in Bengaluru. The event focused on connecting Global…
T-Hub Launches Third Cohort of ORBIT Spacetech Accelerator (Start of June)
Hyderabad-based startup incubator T-Hub launched the third cohort of ORBIT, a spacetech accelerator programme under the AIC T-Hub Foundation. The third cohort inducts 13 startups: Sanyark Space Technologies, Trishul…
China Achieved First Controlled Recovery of Reusable Long March-10B Rocket Booster
Key Updates:
- China achieved its first-ever controlled recovery of an orbital-class rocket booster using the Long March 10B rocket.
- The Long March 10B lifted off from the Hainan commercial space launch site (Wenchang Spacecraft Launch Site) in southern China.
- About six minutes after separation, the booster returned vertically and was recovered on an offshore platform using a net and landing hooks.
- The Long March 10B is developed by the China Academy of Launch Vehicle Technology (CALT) and can carry at least 16 metric tons to low-Earth orbit.
- The booster is planned to be reused for another launch by the end of 2026.
- The Long March 10B is part of the Long March 10 family being developed for China's crewed lunar missions before 2030.
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Japan Aerospace Exploration Agency (JAXA) Successfully Tests Prototype Reusable Rocket (Mid of July)
The Japan Aerospace Exploration Agency (JAXA) successfully completed the first lift-off and landing test of its prototype reusable rocket. The test was conducted at the JAXA test site in Noshiro, Akita region, where the…
Blue Origin successfully landed the reusable booster of the New Glenn rocket at the Cape Canaveral Space Force Station in Florida. The mission was the third for New Glenn and utilised a booster named Never Tell Me the…
China launches Pakistani satellite PRSC-EO3 (Start of May)
China launched the Pakistani satellite PRSC-EO3 from the Taiyuan Satellite Launch Centre in Shanxi Province. The satellite was launched using a Long March-6 carrier rocket.
The Indian Space Research Organisation (ISRO) successfully carried out the flight acceptance hot test of the CE20 cryogenic engine for the seventh operational mission of the LVM3 launch vehicle (LVM-M7). The test was…
MeitY Launches NIDAR 2.0 to Accelerate Indigenous Drone Innovation
Key Updates:
- The Ministry of Electronics and Information Technology (MeitY), in collaboration with the Drone Federation India (DFI), launched the second edition of the National Innovation Challenge for Drone Application and Research (NIDAR 2.0).
- NIDAR 2.0 challenges students to build autonomous drones and indigenous flight controllers powered by India's homegrown VEGA processor.
- The challenge offers a prize pool of more than Rs 65 lakh, along with startup incubation, cloud computing credits, software support and corporate internships.
- The VEGA processor is designed by the Centre for Development of Advanced Computing (C-DAC) under MeitY's Microprocessor Development Programme and is based on the open-standard RISC-V architecture.
- The Drone Innovation track requires teams to build autonomous swarm drones for locating survivors and delivering medical supplies in disaster-hit areas, and GPS-denied drones for indoor industrial inspections.
- The Component Innovation track requires teams to design an indigenous flight controller and autopilot built around the VEGA processor using indigenous electronic components.
- The top 100 teams selected after technical evaluation will each receive two VEGA processor kits for development, testing and integration.
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The Indian Army will raise specialised Baaz Battalions to strengthen intelligence, surveillance, and reconnaissance capabilities. These battalions will be built upon existing Remotely Piloted Aircraft (RPA) Flights to…
India Launches Indigenous Silicon Photonics Solutions at Indian Institute of Technology Madras (IIT-Madras) (Start of May)
The Ministry of Electronics and Information Technology (MeitY) launched indigenously developed Silicon Photonics solutions at the Indian Institute of Technology Madras (IIT-Madras) in Chennai. The launch introduced two…
India launches ₹15,803 crore Advanced Medium Combat Aircraft (AMCA) infrastructure project in Andhra Pradesh (Mid of May)
Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N. Chandrababu Naidu laid the foundation stone for the ₹15,803-crore Advanced Medium Combat Aircraft (AMCA) infrastructure project in the Sri Sathya Sai…
India's Ministry of Defence clears ₹500 crore National Military Drone Technology Hub at IIT Kanpur (Mid of June)
The Ministry of Defence (MoD) has granted in-principle clearance for a ₹500 crore National Military Drone Technology Hub at the Indian Institute of Technology (IIT) Kanpur. The hub will provide end-to-end capabilities…
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Jannik Sinner and Linda Nosková win Wimbledon Championships 2026 singles titles
Key Updates:
- Jannik Sinner defeated Alexander Zverev 6-7, 7-6, 6-3, 6-4 to win the men's singles title at Wimbledon 2026.
- Linda Nosková defeated Karolina Muchová 6-2, 5-7, 6-3 to win the women's singles title at Wimbledon 2026.
- Sinner's victory marked his second consecutive Wimbledon title and fifth grand slam overall.
- Nosková's win was her first grand slam title, making her the youngest women's Wimbledon champion since Petra Kvitová in 2011.
- The finals were played at the All England Lawn Tennis and Croquet Club in London.
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Jannik Sinner defeated Casper Ruud 6–4, 6–4 to win the men's singles title at the 83rd Italian Open held at the Foro Italico in Rome. Sinner became the youngest player and second in history to win all nine active…
Leander Paes has been appointed as the Player Ambassador of the Asian Tennis Federation (ATF). The announcement was made during the Wimbledon Championships in the presence of ATF president Yuryi Polskiy.
Mirra Andreeva secured the 2026 French Open women's singles title by defeating Poland's Maja Chwalinska with a score of 6-3, 6-2. The final match took place at Court Philippe Chatrier in Paris, where Andreeva was…
Su Li Yang defeats Kidambi Srikanth to win US Open Badminton (Start of July)
Su Li Yang of Chinese Taipei won the men's summit clash of the US Open Badminton tournament. Former world number one Kidambi Srikanth finished as the runner-up in the tournament.
National Fish Farmers Day observed on July 10
Key Updates:
- National Fish Farmers Day is observed in India on July 10 every year.
- The day marks the birth anniversary of Padma Shri Dr. Hiralal Chaudhary, a pioneer of training programs for Indian fish farmers.
- The observance began in 2020 to celebrate learning, growth, and sustainable aquaculture.
- India ranks among the top three global fish producers.
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National Programme for Issuance of Letter of Authorisation (LoA): Promoting sustainable fishing in high seas (Mid of July)
Vice-President C P Radhakrishnan launched the national programme for issuance of Letter of Authorisation (LoA) for sustainable fishing in high seas in Bhubaneswar. The LoA initiative aims to promote responsible and…
World Bioproduct Day observed on July 7 (Start of July)
World Bioproduct Day is observed every 7th of July to celebrate the role of bio-based innovation in creating sustainable products and production systems. The Rural BioReFarmeries (RBRF) project utilizes a green…
Valluvan Honoured as UN FAO Soil Farmer Hero (Start of June)
Valluvan, a 58-year-old farmer from Pollachi district in Tamil Nadu, has been recognised as a Soil Farmer Hero by the Food and Agriculture Organization (FAO) of the United Nations (UN). The farmer transformed his…
International Day for the Fight against Illegal, Unreported and Unregulated Fishing observed on 5 June (Start of June)
The International Day for the Fight against Illegal, Unreported and Unregulated (IUU) Fishing is observed annually on 5 June to highlight the impact of unsustainable fishing on world fish stocks and food security. The…
International Day of Reflection and Commemoration of the 1995 Genocide in Srebrenica 2026 – 11 July
Key Updates:
- The International Day of Reflection and Commemoration of the 1995 Genocide in Srebrenica is observed on July 11 every year.
- The 2026 commemoration included events in Belgrade and Novi Sad under the slogan 'People Remember People'.
- The slogan 'People Remember People' honors the memory of the 8,372 victims of the Srebrenica genocide.
- A postcard campaign was organized by the People Remember People Coalition, calling on Republic of Serbia institutions to support observance of 11 July as the International Day of Reflection and Commemoration of the 1995 Genocide in Srebrenica.
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World Kiswahili Language Day observed on 7 July 2026 with theme “Kiswahili for Peace, Solidarity and Global Economic Diplomacy” (Start of July)
World Kiswahili Language Day is observed on 7 July 2026. The theme for the 2026 edition is “Kiswahili for Peace, Solidarity and Global Economic Diplomacy”.
World Population Day observed on 11 July (Mid of July)
World Population Day is observed every year on 11 July to raise awareness about global population challenges. The theme for World Population Day 2026 is “Realizing the hopes and aspirations of young people – today and…
International Day for the Elimination of Sexual Violence in Conflict observed on 19 June (End of June)
The International Day for the Elimination of Sexual Violence in Conflict is observed on 19 June annually. In 2026, the United Nations (UN) Secretary-General António Guterres issued a message focusing on children…
International Day of Cooperatives observed on 4 July 2026 with theme Cooperatives for a Peaceful World (Start of July)
The International Day of Cooperatives (CoopsDay) will be celebrated worldwide on 4 July 2026. The theme for the 2026 observance is Cooperatives for a Peaceful World.
World Horse Day 2026 – July 11
Key Updates:
- World Horse Day is celebrated on July 11 every year.
- The United Nations General Assembly (UNGA) adopted a resolution on June 3, 2025, declaring July 11 as World Horse Day.
- The day aims to celebrate the role of horses and to tackle the challenges they face in the modern world.
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World Population Day observed on 11 July (Mid of July)
World Population Day is observed every year on 11 July to raise awareness about global population challenges. The theme for World Population Day 2026 is “Realizing the hopes and aspirations of young people – today and…
World Zoonoses Day observed on July 6 (Start of July)
World Zoonoses Day is observed every year on July 6 to raise awareness about zoonotic diseases, which are infections that spread from animals to humans. The day marks the 1885 development of the rabies vaccine by Louis…
World Kiswahili Language Day observed on 7 July 2026 with theme “Kiswahili for Peace, Solidarity and Global Economic Diplomacy” (Start of July)
World Kiswahili Language Day is observed on 7 July 2026. The theme for the 2026 edition is “Kiswahili for Peace, Solidarity and Global Economic Diplomacy”.
World Bioproduct Day observed on July 7 (Start of July)
World Bioproduct Day is observed every 7th of July to celebrate the role of bio-based innovation in creating sustainable products and production systems. The Rural BioReFarmeries (RBRF) project utilizes a green…
Nita Ambani Received Fortune India Most Powerful Women Honour
Key Updates:
- Nita Ambani, Founder and Chairperson of Reliance Foundation, received the Fortune India Most Powerful Women honour at an event in Mumbai on July 10, 2026.
- The event was held at the Four Seasons Hotel Mumbai and featured Maharashtra Governor Jishu Dev Varma, Minister of State for Health Anupriya Patel, former Union minister Smriti Irani, and actor-entrepreneur Kriti Sanon.
- The honour recognises women whose leadership has shaped India's business and economic landscape.
- Days before the award, Ambani announced the India-America Health Alliance in Tampa, Florida, in partnership with the American Association of Physicians of Indian Origin (AAPI).
- The alliance aims to expand telemedicine services via Jio's 5G network, strengthen healthcare worker training, and support collaborative medical research between India and the United States.
- The partners aim to produce up to 500 peer-reviewed research publications over the next decade.
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Nita Ambani, Chairperson of Reliance Foundation, was honoured with the AAPI Humanitarian Award by the American Association of Physicians of Indian Origin (AAPI). The award ceremony was hosted in Tampa, Florida.
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…
India President Droupadi Murmu honours Armed Forces personnel at Defence Investiture Ceremony 2026 (Start of July)
President Droupadi Murmu presented the Distinguished Service Awards during the Defence Investiture Ceremony 2026 (Phase-2). The awards were presented to officers and personnel of the Armed Forces for their exceptional…
Narendra Modi conferred with 2026 Agricola Medal by Food and Agriculture Organization (FAO) (End of May)
Prime Minister Narendra Modi received the 2026 Agricola Medal from the Food and Agriculture Organization (FAO) at its headquarters in Rome. The award was presented by FAO Director-General Qu Dongyu in recognition of the…
Legendary Playback Singer S. Janaki Dies at 88
Key Updates:
- Veteran playback singer S. Janaki, known as the 'Nightingale of South India,' passed away at the age of 88 in a private hospital in Mysuru due to age-related health issues.
- She recorded over 40,000 songs in about 20 Indian languages, including Tamil, Telugu, Malayalam, Kannada, Hindi, Bengali, Odia, Tulu, Urdu, and Punjabi.
- Janaki made her playback singing debut in the Tamil film 'Vidhiyin Vilayattu' and is credited with recording the highest number of songs in the Kannada film industry.
- She received four National Film Awards for Best Female Playback Singer and numerous state honours for her contribution to music.
- Janaki retired from playback singing in 2016, with her last song being 'Ammapoovinu' from the Malayalam film 'Pathu Kalpanakal'.
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Teejan Bai Passes Away (Padma Vibhushan Awardee) (Start of July)
Teejan Bai, a noted Pandavani exponent, passed away at the age of 70 at the All India Institute of Medical Sciences (AIIMS) Raipur. Pandavani is a traditional performing art form originating in Chhattisgarh and also…
Suman Kalyanpur Passes Away Playback Singer (Start of June)
Suman Kalyanpur, a playback singer of Hindi cinema, passed away on 31 May at the age of 89 at her residence in Lokhandwala, Mumbai. She made her debut with the song Ek dil, do hain talabgaar in the film Darwaaza (1954).
Renowned Mand folk singer Gavri Devi passed away at the age of 98 at her residence in Pali, Rajasthan. She was a prominent exponent of Mand singing, which is one of the oldest music traditions originating from Rajasthan.
Sudesh Kumar, actor and producer of 'Uljhan', passes away (Start of May)
Sudesh Kumar, actor and producer, passed away at his residence in Mumbai at the age of 95. He was best known for playing the tragic protagonist in the 1961 film 'Saranga' and for producing the 1975 thriller 'Uljhan'.
Pankaj Pawar Appointed as CEO of Jio Platforms
Key Updates:
- Pankaj Pawar was appointed as the Chief Executive Officer (CEO) of Jio Platforms on March 24, 2026.
- He succeeded Kiran Thomas, who resigned as CEO on March 23, 2026.
- Pawar also serves as the Managing Director of Reliance Jio Infocomm Limited.
- He is 53 years old and has been associated with the Reliance Group since 2000.
- He has nearly three decades of experience in building and scaling consumer and digital services businesses.
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Akash Ambani has been appointed as the managing director of Jio Platforms. The appointment is for a period of 5 years with effect from April 9, 2026.
Jio Platforms, the technology arm of Reliance Industries, has entered the global top 20 in the latest Patent Cooperation Treaty (PCT) rankings released by the World Intellectual Property Organisation (WIPO). The company…
Parminder Singh has been appointed as the Chief Executive Officer (CEO) of Reliance Enterprise Intelligence Ltd (REIL). REIL is a joint venture between Reliance Industries Limited (RIL) and Meta Platforms.
Jio Financial Services Limited and Allianz Group (Allianz) have signed a binding agreement to form a 50:50 primary insurance joint venture (JV). The JV will operate in the general and health insurance segments of the…