Shatrujeet Singh Kapoor appointed as Director General of Indo-Tibetan Border Police (ITBP)
[Indo-Tibetan Border Police (ITBP)]
Key Updates:
- Shatrujeet Singh Kapoor, former Haryana Police chief, has been appointed as the Director General of the Indo-Tibetan Border Police (ITBP).
- He succeeds Praveen Kumar, who has become the head of the Border Security Force (BSF).
- Kapoor, a 1990-batch IPS officer, had been relieved from the post of Haryana DGP following controversy related to the suicide of IPS officer Y Puran Kumar.
- Kapoor will serve as ITBP chief until October 31, 2026.
Similar Coverage
- Shashwat Sharma has been appointed as Managing Director and Chief Executive Officer of Airtel India for a five-year term, subject to shareholder approval.
- Gopal Vittal has been appointed as Executive Vice Chairman of Bharti Airtel for a five-year term, subject to shareholder approval.
- Soumen Ray has been appointed as Group Chief Financial Officer of Bharti Airtel.
- Akhil Garg has been appointed as Chief Financial Officer of Airtel India.
- Rohit Krishan Puri has been appointed as Company Secretary and Compliance Officer of Bharti Airtel.
- Praveen Kumar has taken additional charge of BSF Director General following the retirement of Daljit Singh Chawdhary.
- Daljit Singh Chawdhary handed over the responsibilities to Praveen Kumar at a BSF camp in Chhattisgarh’s Raipur.
- Praveen Kumar is the 35th Director General of Indo-Tibetan Border Police (ITBP).
- Daljit Singh Chawdhary is a 1990-batch IPS officer of Uttar Pradesh cadre.
- Praveen Kumar is a 1993-batch officer of West Bengal cadre.
- Daljit Singh Chawdhary took charge as BSF Director General in August 2024.
- B P Kanungo has been appointed as the non-executive chairman of the board of IIFL Finance Ltd.
- He served as Deputy Governor of the Reserve Bank of India from 2017 to 2021 and was a member of the Monetary Policy Committee.
- As chairman, Kanungo will lead the board in setting strategic direction, enhancing governance standards, and safeguarding the interests of shareholders, customers, regulators, and other stakeholders.
- Union Ministers Ashwini Vaishnaw and Jayant Chaudhary jointly inaugurated the Skill India Centre in Baghpat district of Uttar Pradesh.
- The centre in Baraut will offer quality skilling to unlock local aspirations and expand opportunities.
- It is positioned as a gateway for youth in rural and underserved regions to access new-age skills and contribute to India’s growth.
Rakesh Aggarwal appointed Director General of National Investigation Agency (NIA)
[National Investigation Agency (NIA)]
Key Updates:
- Rakesh Aggarwal, a 1994 batch IPS officer of Himachal Pradesh cadre, has been appointed as the regular Director General of National Investigation Agency (NIA).
- He had been serving as interim head of NIA after the premature repatriation of incumbent Sadanand Date.
- Praveen Kumar, a 1993 batch IPS officer of West Bengal cadre, has taken over as Director General of Border Security Force (BSF).
- He was earlier serving as ITBP DG while also holding additional charge as BSF DG.
- Shatrujeet Singh Kapoor, a 1990 batch IPS officer and former DGP of Haryana, has been appointed as Director General of Indo-Tibetan Border Police (ITBP).
Similar Coverage
- Lav Aggarwal, previously Additional Secretary in the Ministry of Women and Child Development, appointed as Director General of DGFT.
- Rabindra Kumar Agarwal appointed to head Food Corporation of India (FCI).
- Srikant Nagulapalli assigned role in Ministry of Petroleum.
- Anil Kaushik, Davinder Pal Singh, and Kanakamedala Ravindra Kumar have been appointed as Additional Solicitors General for India (ASGIs) to represent the Union government before the Supreme Court.
- Their tenure as ASGIs is for three years.
- They will assist the Solicitor General in handling constitutional, statutory, and policy-related matters before the apex court.
- Rakesh Aggarwal, a 1994-batch Indian Police Service (IPS) officer of Himachal Pradesh cadre, has been assigned the additional charge of Director General of National Investigation Agency (NIA).
- He is currently serving as Special Director General of the NIA.
- The assignment follows the premature repatriation of incumbent DG Sadanand Vasant Date, a 1990-batch Maharashtra cadre IPS officer, to his parent cadre.
- Aggarwal will hold the additional charge till the appointment of a regular incumbent or until further orders, whichever is earlier.
- 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).
Vikas Chadha appointed as Global Chief Executive Officer of TVS Supply Chain Solutions Limited (TVSSCS).
[TVS Supply Chain Solutions Limited (TVSSCS)]
Key Updates:
- Vikas Chadha has been appointed as the Global Chief Executive Officer of TVS Supply Chain Solutions Limited (TVSSCS) with effect from January 22, 2026.
- He succeeds Ravi Viswanathan, who will retire during the 2026-27 financial year.
- During the transition, Viswanathan will continue as Managing Director and work closely with Chadha to ensure leadership continuity.
Similar Coverage
- Vivek Chaturvedi, a 1990 batch Indian Revenue Service (C&IT) officer, has been appointed as the new Chairman of the Central Board of Indirect Taxes and Customs (CBIC).
- He succeeds Sanjay Kumar Agarwal, who superannuated.
- Chaturvedi is currently serving as Member, CBIC Board (Tax Policy and Legal).
- He has earlier served as Director General of Analytics and Risk Management (DGARM) and as Principal Director General of Vigilance and Chief Vigilance Officer for the Board.
- Jeyandran Venugopal has been appointed as President and Chief Executive Officer of Reliance Retail Ventures Ltd (RRVL).
- He will work closely with Isha Ambani and the leadership team of Reliance Retail under the guidance of Mukesh Ambani and Manoj Modi.
- Prior to this, Venugopal served as Chief Product and Technology Officer at Flipkart.
- Neal Mohan, CEO of Google-owned YouTube, was named TIME Magazine's 2025 CEO of the Year.
- He took charge as YouTube CEO in 2023 after Susan Wojcicki stepped down.
- Mohan had earlier served as YouTube's Chief Product Officer since 2015 and led launches of YouTube TV, YouTube Music and Premium, and Shorts.
- Venu Srinivasan, Chairman Emeritus of TVS Motor Company, received the CII Quality Ratna Award.
- The award was presented at the 33rd CII Excellence Summit organised by the CII Institute of Quality in Kolkata.
- The summit gathered over 1,000 quality champions and business leaders to discuss elevating Indian manufacturing.
Department for Promotion of Industry and Internal Trade (DPIIT) records USD 51 billion FDI inflow in six months
[Department for Promotion of Industry and Internal Trade (DPIIT)]
Key Updates:
- India has received foreign direct investment (FDI) worth USD 51 billion in the last six months.
- DPIIT will organise National Startup Day on January 16, during which 75 Grand Challenges will be launched to foster innovation and problem-solving across sectors.
- More than 3,000 requests have been received to participate in National Startup Day.
- 20 National Startup Awards will be presented on National Startup Day to recognise excellence in entrepreneurship.
Similar Coverage
- Andhra Pradesh captured 25.3% of all proposed investments nationwide in the first nine months of FY26.
- Odisha and Maharashtra followed with 13.1% and 12.8% shares respectively.
- The combined share of Andhra Pradesh, Odisha, and Maharashtra reached 51.2% of India’s total proposed capital investment.
- Nationwide investment announcements totaled Rs 26.6 lakh crore, marking an 11.5% year-on-year increase.
- Power sector led with 22.6% of investments, with renewables dominating the segment.
- Metals accounted for 17.3% of proposed investments, supporting capital formation across roads, automobiles, and housing.
- Construction maintained a steady 4% share, covering both housing and commercial complexes.
- Andhra Pradesh Minister Nara Lokesh attributed the performance to consistent reforms, fast decision-making, and investor-friendly policies.
- India’s Foreign Direct Investment (FDI) rose over 18% in April-September to USD 35.18 billion.
- FDI equity inflow during April-September stood at USD 16.55 billion.
- Inflows from the US more than doubled to USD 6.62 billion in April-September.
- Services sector accounted for 16% of total FDI equity inflow, amounting to USD 5.10 billion.
- Maharashtra received the highest share of FDI equity inflow at 31%, totaling USD 10.57 billion.
- Karnataka and Gujarat followed with 21% and 15% of FDI equity inflow respectively.
- The United States and Singapore together accounted for over one-third of the FDI in India during 2024-25.
- Out of 45,702 responding entities, 41,517 reported foreign direct investment and/or overseas direct investment in their balance sheet for March 2025.
- The US share of total FDI during 2024-25 was 20 per cent, followed by Singapore (14.3 per cent), Mauritius (13.3 per cent), the UK (11.2 per cent) and the Netherlands (9 per cent).
- Total FDI in 2024-25 stood at Rs 68,75,931 crore, up from Rs 61,88,243 crore in the preceding year.
- The manufacturing sector held the highest share of total FDI equity capital at market value (48.4 per cent) and at face value (37.8 per cent).
- Outward direct investment in 2024-25 was Rs 11,66,790 crore, with Singapore (22.2 per cent), the US (15.4 per cent), the UK (12.8 per cent) and the Netherlands (9.6 per cent) as top destinations.
- Growth of ODI in rupee terms (17.9 per cent) outpaced that of FDI (11.1 per cent) in 2024-25, bringing the inward-to-outward DI ratio to 5.9 times from 6.3 times a year earlier.
- 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) tightens complaint review norms and expands Internal Ombudsman oversight.
[Reserve Bank of India (RBI)]
Key Updates:
- All complaints wholly rejected or partially resolved by regulated entities must be auto-escalated to the Internal Ombudsman for review.
- Regulated entities must ensure that no complaint is closed by the same branch or touch point that handled it.
- Compensation may be offered for material loss, loss of time, expenses, and mental agony suffered by complainants.
- Internal Ombudsman shall be a retired or serving officer of rank equivalent to General Manager, appointed for three years and below 70 years of age at tenure end.
- Internal Ombudsman reports administratively to the competent authority and functionally to the Customer Service Committee of the Board.
- Internal Ombudsman shall be a permanent invitee to Customer Service Committee meetings to ensure board oversight.
- Internal Ombudsman shall not handle complaints received directly from the public, only those escalated after internal review.
- Decisions by Internal Ombudsman or Deputy Internal Ombudsman must be submitted to the RBI Ombudsman.
- The directions apply to commercial banks, small finance banks, payments banks, NBFCs, prepaid payment instrument issuers, and credit information companies.
- Housing finance companies, core investment companies, infrastructure debt fund-NBFCs, NBFC-infrastructure finance companies, non-operative financial holding companies, primary dealers, and mortgage guarantee companies are excluded.
Similar Coverage
- Reserve Bank of India (RBI) received 13,34,244 complaints under RB-IOS in FY25, up 13.55% from 11,75,075 previous year.
- Loans and Advances accounted for 29.25% of total complaints.
- Credit Cards contributed 17.15% of complaints, up 20.04% year-on-year.
- Mobile and electronic banking complaints stood at 16.86%, down 12.74%.
- Deposit Accounts made up 16.84% of complaints.
- ATM/debit cards accounted for 6.10% of complaints.
- Top five categories constituted 86.20% of all complaints.
- 91.22% of complaints lodged through online modes such as CMS and email.
- RBI Contact Centre handled 9.27 lakh calls, up 28.89%.
- Metropolitan regions contributed 45.86% of complaints.
- Rural areas accounted for 10.04% of complaints.
- RB-IOS launched on November 12, 2021.
- Portal Name: e-Jagriti digital consumer grievance redressal platform, Consumer Affairs Ministry, Government of India
- Objective: Provide seamless global access and improve resolution efficiency for consumer complaints across India
- Key Features: OTP-based registration, digital document exchange, virtual hearings, provisions for visually impaired users, paperless processing
- Reserve Bank of India (RBI) replaces the 2000 rules with the Foreign Exchange Management (Guarantees) Regulations, 2026.
- Guarantees are freely permitted if the underlying transaction is not prohibited under FEMA and parties are eligible to lend or borrow under FEMA borrowing and lending rules.
- Guarantees issued, modified or invoked must be reported quarterly within 15 days of quarter-end to authorised dealer banks using Form GRN.
- Late submission attracts a fee of Rs 7,500 + 0.025% × amount involved × years of delay (rounded to nearest month and Rs 100).
- Exemptions cover guarantees by overseas/IFSC branches of authorised dealer banks, irrevocable payment commitments by custodian banks for FPIs, and guarantees under Overseas Investment Regulations, 2022.
- Senior forest officials, including the PCCF Wildlife, appeared before the Odisha Human Rights Commission regarding alleged inadequate compensation for families relocated from Satkosia Tiger Reserve.
- Complainants alleged that 'hundreds of families from five villages were relocated from the tiger reserve to other places without holding gram sabhas and conducting a proper survey.'
- The commission heard the case and asked officials to follow the rules; the order is yet to be uploaded on the OHRC website.
- The next hearing is scheduled for October 30.
Indian Banks' Association (IBA) honours Karnataka Bank with multiple Banking Technology Awards
[Indian Banks' Association (IBA), Karnataka Bank]
Key Updates:
- Karnataka Bank won the 'Best Fintech & DPI Adoption' category at the IBA Banking Technology Awards.
- Karnataka Bank was adjudged runner-up in the 'Best Tech Talent' category.
- Karnataka Bank received special mention in 'Best Technology Bank', 'Best Digital Financial Inclusion', and 'Best Digital Sales' categories.
Similar Coverage
- DBS has been named Global Bank of the Year 2025 by The Banker.
- This marks DBS's third win in the Global Bank of the Year category.
- DBS also secured Asia Bank of the Year, Singapore Bank of the Year, Investment Bank of the Year – Asia, and Investment Bank of the Year for Financial Institutions Group.
- The awards were decided from submissions by 294 banks globally.
- The Banker highlighted DBS's investment in AI to protect customers from financial scams and its commitment to training staff on new technology.
- DBS's work on smart contracts designed to deliver faster, smoother payments across jurisdictions impressed the judging committee.
- DBS's approach to applying AI, machine learning, and digital infrastructure across operations and customer services was a key factor in the assessment.
- DBS recently crossed $100 billion in market capitalisation in 2024, becoming the first Singapore-listed company to do so.
- For FY24, DBS recorded 11% growth in net profit and 11% growth in Tier-1 capital.
- DBS's return on equity was 18%, cost-to-income ratio was 39.9%, and non-performing loan ratio was 1.1% for FY24.
- Scheme Name: Business Reforms Action Plan (BRAP) 2024 national Ease of Doing Business (EoDB) ratings released by Department for Promotion of Industry and Internal Trade (DPIIT), Union Government of India
- Kerala’s Achievement: State secured “Top Achiever” position in the “Fast Movers” category with 99.1 per cent reform implementation score, up from 91 per cent last year
- Evaluation Weightage: 70 per cent weightage to investor feedback and 30 per cent to reform completion
- Implementing Coordination: 22 government departments and agencies led by Kerala State Industrial Development Corporation (KSIDC)
- 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 sixth edition of Global Fintech Fest 2025 (GFF 2025) was held in Mumbai from October 7-9.
- The Global Fintech Awards (GFA) 2025 were instituted under GFF 2025 and announced at a gala on October 8 at Jio World Centre, Mumbai.
- IDFC FIRST Bank won accolades under the Excellence in Banking Tech category for its Green Banking Initiative and Digital Transformation Program of the Year.
- Yubi was named the Fintech Startup of the Year.
- Ms. Upasana Taku, Co-founder & CFO, MobiKwik, received the Fintech Person of the Year – Female award.
- Mr. Yashish Dahiya, Chairman, PB Fintech, received the Fintech Person of the Year – Male award.
Reserve Bank of India (RBI) releases draft foreign exchange risk capital rules effective April 2027.
[Reserve Bank of India (RBI)]
Key Updates:
- Banks must compute foreign exchange risk capital requirements on a continuous basis at both consolidated and standalone levels.
- Capital for foreign exchange risk must be maintained at the close of each business day.
- Banks may exclude specific 'structural' foreign exchange positions from the net open position subject to strict conditions.
- The methodology for structural foreign exchange positions must be documented in the bank's risk management policy.
Similar Coverage
- Residents and non-residents are permitted to undertake transactions in rupee interest-rate derivatives (IRD), according to master directions released by the Reserve Bank of India (RBI).
- Non-residents can enter these trades through their central treasury or group entities if the market maker is authorized to transact on their behalf.
- Market makers include scheduled banks, standalone primary dealers, upper-layer non-banking financial companies (NBFCs), and specified development or specialized banks.
- Market makers must classify participants as retail or non-retail users.
- Non-retail users include NBFCs (other than market makers) and other institutional entities.
- The combined Price Value of a Basis Point (PVBP) of all outstanding IRD trades by non-residents may not exceed ₹1,000 crore.
- After reaching the ₹1,000 crore PVBP limit, fresh positions for non-residents can only be taken for hedging purposes.
- The rules apply to IRD transactions in both the over-the-counter market and on recognized stock exchanges.
- Exchanges are permitted to introduce any IRD product after approval from the RBI.
- Floating rates or indices used in exchange-traded products must be benchmarks published by an authorized financial benchmark administrator.
- Market makers must report global IRD transactions by their offshore-related parties to the central trade repository, operated by Clearing Corporation of India.
- Exchanges offering IRD products must submit reports and documentation to the RBI or designated agencies in specified formats.
- Exchanges must ensure that users are informed of the risks associated with IRD products before they enter the market.
- Foreign portfolio investors and other non-resident investors are not allowed to hold net long positions exceeding ₹5,000 crore across all interest-rate futures.
- Gross short positions for non-residents cannot exceed consolidated long positions in government securities and futures.
- Non-resident IRD transactions must be routed through rupee accounts in India or through vostro accounts for settlement.
- Foreign currency-settled IRD payments may be made through standard banking channels.
- Reserve Bank of India (RBI) replaces the 2000 rules with the Foreign Exchange Management (Guarantees) Regulations, 2026.
- Guarantees are freely permitted if the underlying transaction is not prohibited under FEMA and parties are eligible to lend or borrow under FEMA borrowing and lending rules.
- Guarantees issued, modified or invoked must be reported quarterly within 15 days of quarter-end to authorised dealer banks using Form GRN.
- Late submission attracts a fee of Rs 7,500 + 0.025% × amount involved × years of delay (rounded to nearest month and Rs 100).
- Exemptions cover guarantees by overseas/IFSC branches of authorised dealer banks, irrevocable payment commitments by custodian banks for FPIs, and guarantees under Overseas Investment Regulations, 2022.
- RBI combines a three-year USD/INR buy-sell swap of $5 billion with open market purchases of government securities worth Rs 1 lakh crore to inject durable liquidity.
- The measures accompany a 25 basis point repo rate cut to 5.25%, taking the cumulative reduction since February to 125 bps.
- The rupee has fallen 5% this year, becoming Asia’s worst performer and breaching the 90-per-dollar mark.
- Foreign portfolio investors have withdrawn more than Rs 1.5 lakh crore, while foreign direct investment and overseas borrowing remain subdued.
- Currency analysts expect USD/INR to trade within the 89.40–90.95 range.
- India's Foreign Exchange Reserves increased to $696,610 Million for the week ending December 26 from $693,320 Million in the previous week.
- The reserves reached an all-time high of $704,890.00 Million in September 2024 and a record low of $29,048.00 Million in September 1998.
- The Reserve Bank of India (RBI) Interest Rate was recorded at 5.25% in December 2025, down from 5.50% in the previous period.
- The Cash Reserve Ratio (CRR) stood at 3.00% in November 2025, compared to 3.25% in the preceding month.
- The Reverse Repo Rate was maintained at 3.35% as of November 2025.
- Bank Loan Growth YoY increased to 12.00% in December 2025 from 11.50% in the previous period.
- The RBI Central Bank Balance Sheet was valued at 40,873.89 INR Billion in November 2025.
- Foreign Exchange Reserves in India are projected to reach $710,000.00 Million by the end of the current quarter and trend around the same level in 2027.
- India's Foreign Exchange Reserves averaged $311,804.00 Million from 1998 until 2025.
Pension Fund Regulatory and Development Authority (PFRDA) constitutes high-level committee to enable assured payouts under National Pension System.
[Pension Fund Regulatory and Development Authority (PFRDA)]
Key Updates:
- The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level committee to formulate guidelines and regulations for establishing a framework for assured payouts under the National Pension System (NPS).
- The committee will be chaired by Dr. M. S. Sahoo, Founder of Dr. Sahoo Regulatory Chambers and former Chairperson of the Insolvency and Bankruptcy Board of India (IBBI).
- The 15-member panel comprises experts from law, actuarial science, finance, insurance, capital markets, and academia.
- The committee has been established as a standing advisory committee on structured pension payouts.
- Its core objectives include formulating regulations for assured payout products, designing an end-to-end framework for transition from accumulation to payout phase, and enabling legally enforceable, market-based guarantees for assured payouts.
- The committee will define operational parameters such as lock-in periods, withdrawal limits, pricing methodologies, and fee and cost structures for service providers.
- It will establish capital and solvency requirements for providers and examine tax implications for payout options within the NPS architecture.
- The committee will develop standardized disclosure norms to prevent mis-selling and align subscriber expectations with market-based guarantees.
Similar Coverage
- Union Minister for Labour and Employment and Youth Affairs and Sports, Mansukh Mandaviya, announced that EPFO offices will be revamped into modern, technology-enabled, single-window service centres.
- All upcoming and several existing EPFO offices will be redesigned on the lines of passport seva kendras, allowing citizens to resolve any EPF-related issue at any regional office nationwide.
- EPFO will undertake mission-mode KYC verification and launch a dedicated digital platform for simplified claim filing and faster settlements.
- Claims up to ₹5 lakh are now settled automatically and withdrawals of up to 75 percent of EPF balances have been eased.
- EPFO will introduce EPF Suvidha Providers—authorised facilitators to assist members in accessing benefits and resolving grievances.
- The Delhi High Court indicated that the PM Cares Fund (PM CARES), despite being a govt entity, is entitled to privacy protection granted to third-party entities under the RTI Act.
- The bench of Chief Justice DK Upadhyaya and Justice Tejas Karia questioned, "Even if it (the fund) is state, merely because it is state, does it lose its right to privacy?"
- The hearing pertained to an appeal against a single judge's order that set aside an order of the Central Information Commission (CIC) that had directed the income tax authorities to disclose information about the PM CARES Fund.
- A ten-member committee headed by cabinet secretary TV Somanathan is examining the re-evaluation of CPSEs and will submit its report ahead of the Union budget for 2026-27.
- The two new ratna statuses will be based on 'the strategic importance of CPSEs in sectors critical to the country's future economic goals' rather than on size or turnover.
- New evaluation parameters under consideration include corporate governance, succession planning and leadership development, capital expenditure and dividend payout, sustainable business practices and alignment with Vision 2047.
- 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.
Export Preparedness Index (EPI) 2024: Maharashtra tops rankings
[Maharashtra, Uttarakhand]
Key Updates:
- NITI Aayog released the fourth Export Preparedness Index (EPI) 2024 on Jan 14, 2026, where Maharashtra emerged as the top-performing state followed by Tamil Nadu and Gujarat.
- The rankings place Maharashtra at the top, followed by Tamil Nadu, Gujarat, Uttar Pradesh, Andhra Pradesh, Karnataka and Punjab, reflecting states’ readiness in terms of export potential, policy support and performance outcomes.
- Among the smaller states and Union Territories, Uttarakhand secured the top position, followed by Jammu and Kashmir, Nagaland, Dadra and Nagar Haveli & Daman and Diu, Goa and Tripura.
- The EPI 2024 follows a consistent, data-driven methodology to assess states across parameters such as export policies, business environment, infrastructure quality and export outcomes.
- NITI Aayog CEO B V R Subrahmanyam stated that the index helps states in fostering ecosystems that can respond to new opportunities, align with global standards, and build competitiveness across districts.
Similar Coverage
- The Reserve Bank of India released the 10th edition of 'Handbook of Statistics on Indian States, 2024-25' disseminating wide-ranging data on regional economies.
- The Handbook provides sub-national statistics on socio-demographics, health, state domestic product, agriculture, environment, prices, wages, industry, infrastructure, banking, fiscal and exports.
- Eleven new tables added: State-wise Domestic Tourist Visits; Net State Value Added (current and constant prices); State-wise Status of Ground Water Extraction; State-wise Revenue Expenditure; State-wise Capital Receipts; Market Borrowings of State Governments; State-wise Gender-wise Subscribers of NPS All Citizen; State-wise Gender-wise Enrolments under APY; State-wise Exports; State-wise Foreign Tourist Visits.
- India recorded 2,948.19 million domestic tourist visits in 2024.
- Uttar Pradesh hosted 646.81 million domestic tourists, accounting for 21.94% of the national share.
- Top five most-visited states accounted for 60.38 per cent of total domestic tourist visits.
- Top 10 states by domestic tourist arrivals: 1. Uttar Pradesh (646.8M), 2. Tamil Nadu (306.8M), 3. Karnataka (304.6M), 4. Andhra Pradesh (290.3M), 5. Rajasthan (230.1M), 6. Gujarat (184.0M), 7. Maharashtra (189.4M), 8. West Bengal (184.5M), 9. Madhya Pradesh (133.2M), 10. Himachal Pradesh (18.0M).
- India’s Index of Industrial Production (IIP) rose 4.0% year-on-year in September 2025.
- The growth was led by a 4.8% expansion in manufacturing.
- The data was released by the Ministry of Statistics and Programme Implementation (MoSPI).
- The Quick Estimate of IIP stood at 152.8 in September 2025, up from 146.9 in September 2024.
- Sector-wise, mining output slipped 0.4%, while electricity generation grew 3.1%.
- Out of 23 manufacturing sub-groups, 13 recorded positive growth in September.
- Top performing manufacturing sectors included basic metals (12.3%), electrical equipment (28.7%), and motor vehicles, trailers and semi-trailers (14.6%).
- Based on use-based classification, infrastructure/construction goods grew 10.5%, consumer durables grew 10.2%, and intermediate goods grew 5.3%.
- Consumer non-durables recorded a growth rate of –2.9%.
- The next IIP release, for October 2025, is scheduled for November 28, 2025.
- Cumulative exports (merchandise & services) April-October 2025: US$ 491.80 billion vs US$ 469.11 billion in April-October 2024, a 4.84% rise.
- October 2025 total exports: Rs. 6,46,243 crore (US$ 72.89 billion), down 0.68% YoY; imports rose 14.87% to Rs. 8,39,610 crore (US$ 94.70 billion), yielding a trade deficit of Rs. 1,93,279 crore (US$ 21.80 billion).
- October 2025 merchandise exports: Rs. 3,04,813 crore (US$ 34.38 billion); merchandise imports: Rs. 6,74,348 crore (US$ 76.06 billion).
- October 2025 services exports estimated at Rs. 3,41,518 crore (US$ 38.52 billion), higher than the previous year.
- Electronic goods exports October 2025 up 19.05% YoY; meat, dairy & poultry 30.87%; marine products 11.08%; cashew 126.85%; coffee 10.91%.
- April-October 2025 merchandise exports: Rs. 22,54,181 crore (US$ 254.25 billion); services exports: Rs. 21,06,118 crore (US$ 237.55 billion).
- Services exports growth April-October 2025: 9.75%.
- April-October 2025 imports: Rs. 50,53,177 crore (US$ 569.95 billion), up 5.74% YoY.
- Non-petroleum & non-gems & jewellery exports April-October 2025: Rs. 18,03,344 crore (US$ 203.40 billion).
- Major export destinations with strong October 2025 growth: China, Spain, Sri Lanka, Vietnam, Tanzania.
Sentynl Therapeutics Inc. Announces FDA Approval of ZYCUBO® (copper histidinate) for Menkes Disease
[United States, Food and Drug Administration (FDA)]
Key Updates:
- ZYCUBO® is now the first and only therapy approved for the treatment of Menkes disease in the United States.
- Menkes disease is a rare X-linked recessive pediatric disease caused by mutations of the copper transporter ATP7A encoded by the ATP7A gene.
- ZYCUBO® is a subcutaneous injectable formulation of copper histidinate that restores copper homeostasis and maintains copper levels in patients with Menkes disease.
- Early treatment with ZYCUBO demonstrated a nearly 80% reduction in the risk of death compared to an untreated contemporaneous external control cohort.
- The most common adverse reactions (incidence ≥7%) included pneumonia, viral infection, respiratory failure, seizure, bacterial infection, hemorrhage, hypotension, vomiting, tachycardia, pyrexia, volume depletion, fracture, dyspnea, transaminases elevation, diarrhea, fungal infection, anemia, and local administration reaction.
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- Aqvesme (mitapivat) tablets are the first oral treatment approved for anemia in adults with alpha- or beta-thalassemia.
- In the ENERGIZE-T study of transfusion-dependent thalassemia, 30% of Aqvesme-treated patients achieved >50% transfusion reduction versus 13% on placebo.
- In the ENERGIZE study of non-transfusion-dependent thalassemia, 42% of Aqvesme recipients achieved ≥1 g/dL hemoglobin rise at Week 24 versus 2% on placebo.
- Aqvesme-treated patients reported a mean 4.9-point improvement in FACIT-Fatigue score versus 1.5 points with placebo.
- Aqvesme is available only through a REMS program due to observed liver toxicity risk.
- Abu Dhabi marked the first administration of a gene-therapy injection for inherited blood disorders in the UAE using CASGEVY.
- CASGEVY employs CRISPR-Cas9 gene editing to correct faulty DNA causing sickle cell disease and beta thalassemia.
- The therapy was given at Yas Clinic – Khalifa City in partnership with the Abu Dhabi Stem Cells Center (ADSCC) and Vertex Pharmaceuticals under the Department of Health – Abu Dhabi (DoH).
- The process involves extracting the patient’s stem cells, editing them with CRISPR-Cas9, and reinfusing the corrected cells to produce healthy blood cells.
- The initial phase restricts treatment to Centers of Excellence like Sheikh Shakhbout Medical City (SSMC) before wider hospital rollout.
- FDA approved linaclotide (Linzess) capsules for pediatric patients 7 years and older with irritable bowel syndrome with constipation
- Linzess is the first treatment approved for this condition in pediatric patients
- Approval supported by adult efficacy data and a 12-week trial in patients seven- to 17-years-old who met criteria for pediatric IBS-C
- Patients needed to show at least a 30% reduction in abdominal pain and at least two additional spontaneous bowel movements per week for at least six of the 12 weeks
- Diarrhea was the most commonly reported side effect in pediatric patients
- Sun Pharmaceuticals has inked a second brand partnership with AstraZeneca India arm to sell Sodium Zirconium Cyclosilicate (SZC) brand in the country.
- AstraZeneca will market the therapy under the global brand name Lokelma, while Sun Pharma will promote and distribute it as Gimliand.
- AstraZeneca will retain the intellectual property rights to SZC and hold the Marketing Authorization along with the import license of the molecule.
- The financial terms of the agreement and the therapy's market price have not been disclosed.
- SZC is a non-absorbed, inorganic, potassium-binding crystalline compound used to treat hyperkalemia in adults.
- In 2024, AstraZeneca’s Lokelma clocked net sales of $542 million (over ~Rs 4,600 crore).
National Aeronautics and Space Administration (NASA) Schedules Artemis 2 Crewed Lunar Mission for February 2026
[National Aeronautics and Space Administration (NASA)]
Key Updates:
- The Artemis 2 crewed mission is scheduled to launch on February 5, 2026, carrying Reid Wiseman, Victor Glover, Christina Koch, and Jeremy Hansen on a historic lunar flyby.
- The Space Launch System (SLS) rocket, which produces 8.8 million pounds of thrust, will launch the mission from the Kennedy Space Center.
- The Orion spacecraft will carry the crew on a 10-day mission following a free-return lunar trajectory that passes 5,000+ nautical miles beyond the lunar far side.
- The crew includes Commander Reid Wiseman, Pilot Victor Glover, Mission Specialist Christina Koch, and Canadian Space Agency (CSA) astronaut Jeremy Hansen.
- Mission objectives include the validation of Orion life support systems and the execution of biomedical research investigating radiation exposure and immune system function.
- The Interim Cryogenic Propulsion Stage (ICPS) will execute translunar injection maneuvers to propel the spacecraft toward the lunar vicinity.
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- NASA has lost contact with the Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft after it passed behind Mars as seen from Earth.
- MAVEN entered orbit around Mars in September 2014 to study the planet’s upper atmosphere and interactions with the solar wind.
- The spacecraft uses a UHF antenna to relay communications between the Curiosity and Perseverance rovers and the Deep Space Network.
- In 2022, MAVEN switched to an “all-stellar” navigation system to reduce reliance on its inertial measurement units.
- State Space Corporation Roscosmos (Roscosmos) planned to build a lunar power plant by 2036 and signed a contract with the Lavochkin Association aerospace company to do it.
- The purpose of the plant is to power the infrastructure of the joint Russian-Chinese International Lunar Research Station (ILRS), including rovers and an observatory.
- Project participants include the Russian State Nuclear Corporation Rosatom (Rosatom) and the Kurchatov Institute, Russia's leading nuclear research institute.
- The moon, which is 384,400 km (238,855 miles) from our planet, moderates the earth's wobble on its axis, which ensures a more stable climate.
- The moon also causes tides in the world's oceans.
- Russia's ambitions suffered a massive blow in August 2023 when its unmanned Luna-25 mission smashed into the surface of the moon while attempting to land.
- Asteroid 2024 YR4 has prompted renewed attention to the role of nuclear disruption as a viable last-resort option against potential celestial collisions.
- Ongoing analyses reveal a small but measurable probability of a lunar impact in 2032.
- NASA’s 2025 assessment revised 2024 YR4’s impact probability with the Moon to approximately 3.8 percent.
- Asteroid 2024 YR4 measures approximately 60 ± 7 metres across according to James Webb Space Telescope (JWST) observations.
- Nuclear intervention provides a scalable mechanism suited to asteroids of this size and composition, as kinetic methods would exceed the practical capabilities of existing spacecraft.
- Viable nuclear mission windows are outlined between late 2029 and late 2031.
- In the nuclear standoff model, an explosive charge is detonated at a controlled height above the asteroid’s surface, vaporizing a thin layer of material to propel the remaining mass.
- A lunar impact could cause a transient but severe increase in micrometeoroid flux in low Earth orbit, potentially elevating debris levels by up to a thousandfold for several days, threatening satellites and human spaceflight.
- The implementation of nuclear mitigation missions requires compliance with existing space treaties that restrict the use of nuclear devices beyond Earth’s atmosphere.
- ISRO Chairman V Narayanan: "the government has approved the Chandrayaan-4 mission, designed as a lunar sample-return mission"
- Chandrayaan-4 objective: "will attempt to bring back samples from the moon — a capability currently demonstrated only by the US, Russia and China"
- LUPEX mission: "joint lunar polar exploration programme with JAXA (Japan Aerospace Exploration Agency)" aiming to "study water ice at the lunar south pole"
- Space station plan: "first of the five modules will be placed in orbit by 2028" with full Indian Space Station targeted for completion "by 2035"
- Human spaceflight timeline: "crewed mission was always planned for 2027" with "three uncrewed test missions" to precede it
Ministry of Information & Broadcasting (I&B Ministry) and Netflix Conclude ‘Inspiring Innovators’ Skilling Initiative
[Ministry of Information and Broadcasting (I&B Ministry)]
Key Updates:
- The Office of the Principal Scientific Adviser (PSA) and Ministry of Information & Broadcasting (I&B Ministry) marked the culmination of ‘Inspiring Innovators – Naye Bharat Ki Nayi Pehchaaan’, a skilling initiative developed in collaboration with the Netflix Fund for Creative Equity.
- The initiative showcases the contributions of eight Indian start-ups identified by the Office of the PSA for their work in driving social-impact innovation.
- Eight short animated films were created by students from eight universities across India, including the National Institute of Design (NID), Chitkara University, and Satyajit Ray Institute of Film and Television.
- Voiceovers for the films were recorded by participants from the Voicebox, a skilling initiative by Netflix in collaboration with the National Film Development Corporation (NFDC).
- The initiative provided hands-on creative experience to a cohort of 26 students, where fifty per cent of the participants were women and several students came from Tier-2 cities.
- Students were mentored by experts from the National Institute of Design (NID), Ahmedabad, and Graphiti Studios to gain practical exposure to industry processes and emerging technologies like AI-led narratives.
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- 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.
- 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.
- Azim Premji was honoured with the Research Catalyst Award.
- He is the founder-chairman of Wipro Ltd.
- The award was presented by the Indian School of Business (ISB) at the ISB Insights Forum 2025 in Mohali.
- The award recognises his "outstanding contributions to India’s research ecosystem."
- The award recognises individuals whose "vision, generosity, and commitment have strengthened the nation’s knowledge ecosystem, enabled cutting-edge inquiry, and inspired a culture of evidence-based problem-solving for societal progress."
- Ministry of Skill Development and Entrepreneurship (MSDE) organises SOAR – Skilling for AI Readiness programme at Rashtrapati Bhavan Cultural Centre, New Delhi.
- President Droupadi Murmu will confer Artificial Intelligence certificates on learners including students and Members of Parliament.
- President will launch the national awareness campaign #SkillTheNation Challenge to boost youth participation in future-ready skilling.