On May 29, 2026, the government notified two special economic zones (SEZs) in Puducherry. One IT/ITES SEZ will be developed by Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk.
Centre Approves Rs 14,300 Crore Budget for Puducherry for FY 2026-27
Key Updates:
- The Centre has approved the Puducherry Government's proposal for a Rs 14,300 crore budget for the fiscal year 2026-2027.
- The Union Home Ministry conveyed the approval after consultation with the Finance Ministry.
- The President of India has approved the laying of the annual financial statement before the Puducherry Legislative Assembly.
- The AINRC-BJP coalition government, formed in May 2026 after the April 9 assembly polls, will present the budget.
- Chief Minister N Rangasamy is expected to present the budget when the Assembly meets later in July 2026.
- AIADMK legislator A Anbalagan serves as the pro tem Speaker, with a permanent Speaker election expected before the session.
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Maharashtra Cabinet approves High-Energy Medical Cyclotron Project (₹300 Crore) and Rural Drinking Water Policy 2026 (Mid of June)
The Maharashtra cabinet approved the High-Energy Medical Cyclotron Project (HEMCP) in Nagpur with an estimated budget of ₹300 crore. HEMCP will be funded on a 50:50 cost-sharing basis between the Medical Education…
The Ministry of Rural Development (MoRD) released a mother sanction of ₹10,021.42 crore to 12 states under the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G). The 12 recipient states are Assam, Chhattisgarh, Gujarat…
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…
Financial Intelligence Unit-India (FIU-IND) Secures Runner-Up at BECA 2026 for ₹868 Crore Cyber Fraud Case
Key Updates:
- The Financial Intelligence Unit-India (FIU-IND) was named the Runner-up at the Best Egmont Case Award (BECA) 2026 during the Egmont Group Plenary in Baku, Azerbaijan.
- The case involved a large-scale cyber fraud with proceeds of approximately ₹868 crore, over 5,000 mule bank accounts, and complex cryptocurrency transactions across multiple jurisdictions.
- FIU-IND's analysis was based on intelligence from the Indian Cyber Crime Coordination Centre (I4C) and involved international cooperation through the Egmont Secure Web (ESW).
- Based on FIU-IND's Operational Analysis Report, the Directorate of Enforcement (ED) conducted searches at 13 locations.
- Enforcement actions resulted in seizure of ₹47 lakh in cash and cryptocurrency (USDT) valued at approximately ₹13.6 crore, attachment of assets worth ₹8.67 crore, and filing of two Prosecution Complaints under the Prevention of Money Laundering Act (PMLA), 2002.
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MeitY Releases Digital Threat Report 2025–26 to Strengthen Cybersecurity in India’s BFSI Sector (Mid of July)
The Ministry of Electronics and Information Technology (MeitY) released the Digital Threat Report 2025–26 for the Banking, Financial Services and Insurance (BFSI) sector. The report highlights that cyber risks now extend…
Indian Cyber Crime Coordination Centre (I4C) and Reserve Bank Innovation Hub (RBIH) sign MoU to curb mule accounts (Mid of May)
The Indian Cyber Crime Coordination Centre (I4C), under the Ministry of Home Affairs (MHA), signed a Memorandum of Understanding (MoU) with the Reserve Bank Innovation Hub (RBIH) to combat mule accounts. The…
The Indian Cyber Crime Coordination Centre (I4C), under the Union Home Ministry, identified an emerging cybercrime trend known as the Boss Scam or CEO impersonation fraud. Cybercriminals target high-ranking officials and…
Bank of Maharashtra has launched FinSpark'26, a national-level cybersecurity hackathon with a prize pool exceeding ₹10 lakh. The top 20 teams will present their solutions at the Grand Finale at COEP Technological…
Anushakti Vidhyut Nigam Limited (ASHVINI) floats ₹28,000 crore EPC tender for Mahi Banswara nuclear project
Key Updates:
- Anushakti Vidhyut Nigam Limited (ASHVINI), a joint venture between Nuclear Power Corporation of India (NPCIL) and NTPC, has invited bids for the Nuclear Island Mega EPC Package for the Mahi Banswara Rajasthan Atomic Power Project Units 1–4.
- The tender, valued at over ₹28,000 crore, covers four indigenous pressurised heavy water reactors of 700 MW each, totalling 2,800 MW capacity.
- NTPC holds a 49 per cent stake in ASHVINI, while NPCIL retains the majority shareholding.
- India's current installed nuclear power capacity is 8.78 GW across 24 operational reactors, contributing approximately 3.1 per cent of total electricity generation.
- The project is part of India's target to achieve 100 GW of nuclear power capacity by 2047.
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Delhi Chief Minister Rekha Gupta reinstated the Green Helpline (1800-118-600) and instituted a new standard operating procedure to report tree-related offences. The Department of Forest and Wildlife floated a tender…
Kakinada Cooperative Town Bank attains Tier-III status under Reserve Bank of India (RBI) norms (Start of July)
Kakinada Cooperative Town Bank attained Tier-III status under Reserve Bank of India (RBI) norms after its total deposits crossed ₹2,000 crore. The bank is the second-largest among 46 urban cooperative banks in Andhra…
Shyam Metalics has proposed a total investment of ₹20,000 crore in West Bengal, of which ₹10,000 crore is already committed to ongoing projects. The company is investing ₹4,000 crore to set up a specialty steel and wagon…
India is planning the Middle East-India Deep-water Pipeline (MEIDP) to connect Oman directly to the Gujarat coast. The MEIDP will stretch 2,000 km under the Arabian Sea at depths of up to 3,450 metres and deliver…
National Statistics Office (NSO) releases trial Index of Services Production covering 19 sectors
Key Updates:
- The National Statistics Office (NSO) has introduced the trial version of the Index of Services Production (ISP), marking India's first monthly tracker of services output.
- The index currently covers 19 service industries, with plans to expand coverage in the coming months.
- Ministry of Statistics and Programme Implementation Secretary Saurabh Garg stated the ISP measures output of services, not gross value added (GVA), and should not be interpreted as a measure of GDP growth.
- The government plans to broaden the index by incorporating health, education and residential services before launching a comprehensive composite index.
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Ministry of Statistics & Programme Implementation (MoSPI) to launch Index of Services Production (ISP) (Start of July)
The Ministry of Statistics & Programme Implementation (MoSPI) will launch the Index of Services Production (ISP) in July 2026 as a monthly macro indicator to measure short-term growth in the formal services sector. The…
Commerce and Industry Ministry releases Producer Price Index (PPI) data to replace Wholesale Price Index (WPI) (Mid of June)
The Commerce and Industry Ministry has released the Producer Price Index (PPI) data for both goods and services for the first time, intending to phase out the Wholesale Price Index (WPI) within five years. The revised…
India is launching the Index of Service Production (ISP) to track the growth of the services sector. The ISP is designed to mirror the Index of Industrial Production (IIP).
Ministry of Statistics and Programme Implementation (MoSPI) releases approach paper on Index of Service Production (ISP) (Start of May)
The Ministry of Statistics and Programme Implementation (MoSPI) has released an approach paper for compiling the Index of Service Production (ISP) for the formal sector of the economy. The ISP is designed to capture…
India’s Exports Reach USD 232.73 Billion in Q1 FY27: MoC&I Data
Key Updates:
- India's total exports (merchandise and services) grew 11.37% year-on-year to USD 232.73 billion in the first quarter of FY27, as per the Ministry of Commerce and Industry (MoC&I).
- The trade deficit widened to USD 37.42 billion in Q1 FY27, driven by a 17.55% rise in imports to USD 270.15 billion.
- Merchandise exports increased by 15.92% to USD 129.32 billion, while non-petroleum exports rose 12.44% to USD 106.30 billion.
- Among sectors, gems and jewellery exports recorded the highest growth of 34.64% in June 2026, followed by engineering goods (20.74%) and organic and inorganic chemicals (19.42%).
- Services trade surplus stood at USD 49.43 billion in Q1 FY27, with exports at USD 103.41 billion and imports at USD 53.97 billion.
- In June 2026, monthly exports were USD 73.45 billion (up 9.48% year-on-year), while imports surged 26.85% to USD 88.76 billion, resulting in a trade deficit of USD 15.32 billion.
- Export growth was strong in markets such as South Africa, Singapore, China, Oman, and Malaysia, while imports rose significantly from Russia, China, the United States, UAE, and Taiwan.
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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…
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.
NITI Aayog Vice-Chairman Shri Ashok Kumar Lahiri released the 8th edition of the Trade Watch Quarterly for the fourth quarter (January–March 2026) of FY2025-26 in New Delhi. India's total goods and services trade grew…
India has become the second-largest export market for Sri Lanka, surpassing the United Kingdom, while the United States remains the largest. Sri Lanka's exports to India increased by 8.9 per cent to USD 364.15 million…
Axis Max Life Insurance Ltd. (Axis Max Life) launches Smart RISE retirement plan with guaranteed and NIFTY 50-linked variable annuity
Key Updates:
- Axis Max Life Insurance Ltd. (Axis Max Life) has launched the Smart Retirement Income with Sustained Earnings Plan (Smart RISE) with UIN 104N160V01.
- The plan combines a guaranteed annuity component with a variable annuity linked to the NIFTY 50 Index.
- Policyholders can choose a deferment period during which no annuity is payable, after which regular payouts begin.
- The guaranteed annuity provides a fixed income stream throughout the policy term, while the variable annuity offers market-linked upside.
- In case of the annuitant's death, the plan provides a Return of Purchase Price to the nominees.
- Axis Max Life recorded a gross written premium of INR 38,877 crore for FY2025-26.
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Life Insurance Corporation of India (LIC) has introduced two new joint life insurance savings plans named LIC’s New Jeevan Sathi Single Premium and LIC’s New Jeevan Sathi Limited Premium. Both products are non-par…
Tata AIA Life Insurance (TATA AIA) has launched Shubh Health Criti, a unit-linked life insurance plan that combines life cover with a market-linked health fund. The plan provides coverage for over 60 critical illnesses.
Bajaj General Insurance Launches MHCP EDGE Plus Health Plan with Coverage up to INR 5 Crores (End of May)
Bajaj General Insurance Limited (formerly Bajaj Allianz General Insurance Company Limited) has launched 'My Health Care Plan Edge+' (MHCP EDGE+), a comprehensive health indemnity plan. The plan offers sum insured options…
Zerodha Fund House launches two target-date Life Cycle funds with NFO closing on July 7 (End of June)
Zerodha Fund House became the first asset management company in India to introduce target-date maturity funds. The fund house launched two schemes: Zerodha Life Cycle Fund 2036 and Zerodha Life Cycle Fund 2041.
Indian Railways launches Reform Express freight reforms
Key Updates:
- Indian Railways unveiled eight new structural reforms under the Reform Express initiative to modernise freight operations.
- Containerised transportation of fly ash using ISO-standard containers was introduced to enable pollution-free movement.
- The container train operator licensing regime was simplified into a single unified Pan-India licence with a uniform registration fee of ₹25 crore.
- Freight tariff structure for fertilisers was simplified into a per-tonne-per-kilometre model, and containerised movement of fertilisers was permitted.
- Container-based transportation with simplified tariffs was introduced for foodgrains, flour, and pulses.
- A nationwide policy for certification of artisans in railway projects was introduced, with QR code-enabled digital certificates.
- Construction reforms include upfront collection of performance security, ineligibility of contractors with litigation exceeding half their net worth, and mandatory insurance.
- The Rail Bhoomi digital platform was strengthened for integrated land acquisition and real-time monitoring.
- A new wagon design approval policy allows private manufacturers to develop customised wagon designs for specific commodities.
- Oil companies can now directly procure or lease specialised tank wagons for petroleum transportation.
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Union Railway Ministry Infrastructure Push: New Train Services and Network Expansion (Start of July)
Union Railway Minister Ashwini Vaishnaw flagged off the Nanded-Mumbai and Tanakpur-Nanded Express trains and extended the Tanakpur-Pilibhit service to Shahjahanpur. The Tanakpur-Agra service has been regularized after…
The Ministry of Railways has notified the South Coast Railway (SCoR) as the 18th railway zone of India, which will become operational from June 1, 2026. The South Coast Railway (SCoR) is headquartered in Visakhapatnam…
Union Minister for Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal announced the 'Maritime Reform Utsav' to commemorate 12 years of reforms and growth in the maritime sector. The MoPSW will develop an integrated…
The Cabinet Committee on Economic Affairs (CCEA) approved three multi-tracking railway projects worth ₹23,437 crore to expand the national rail network by 901 kilometres. Managed by the Ministry of Railways (MoR), the…
Maharashtra Doubles Pink E-Rickshaw Subsidy for Women
Key Updates:
- The Maharashtra government increased the state subsidy under the Pink E-Rickshaw scheme from 20% to 40% for women beneficiaries.
- Existing beneficiaries will also receive the increased subsidy to reduce their remaining loan burden.
- Beneficiary women must contribute at least 10% of the total vehicle cost, with the remainder covered by interest-free deferred payments or loans from specified banks.
- The scheme, currently implemented in eight districts, will be extended to additional districts.
- The subsidy distribution system has been centralized through the Women and Child Development Commissioner’s office in Pune.
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Maharashtra Women Farmers Empowerment Bill, 2026 to Legally Recognise Women as Independent Farmers (Mid of June)
The Maharashtra government will introduce the Maharashtra Women Farmers Empowerment Bill, 2026, to grant women engaged in agriculture independent legal recognition as farmers. The legislation aims to provide women…
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…
The Bharatiya Janata Party (BJP) government in West Bengal will implement Annapurna Bhandar, a Direct-Benefit Transfer (DBT) scheme for women, from June 1. Eligible women under Annapurna Bhandar are expected to receive…
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…
ECI Approves ₹6,000 Honorarium for BLOs
Key Updates:
- The Election Commission of India (ECI) announced a one-time honorarium of ₹6,000 each for Booth Level Officers (BLOs) and BLO Supervisors.
- The honorarium is in recognition of the heavy workload during the Special Intensive Revision (SIR) of electoral rolls.
- The one-time payment is over and above the existing annual remuneration of BLOs and Supervisors.
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Special Intensive Revision (SIR) of electoral rolls for 2026 to update Mizoram's electoral demographics (Mid of June)
The Election Commission of India (ECI) is conducting a month-long Special Intensive Revision (SIR) of electoral rolls for 2026 in Mizoram. The door-to-door verification and enrolment drive is scheduled to conclude on…
The Election Commission of India (ECI) has rolled out Phase III of the Special Intensive Revision (SIR) exercise across 16 states and three Union Territories to update and verify electoral rolls. The exercise will be…
The West Bengal government approved the implementation of the 7th Pay Commission to revise salaries, pensions, and allowances for lakhs of state government employees and retirees. The decision was finalised during a…
Securities and Exchange Board of India (SEBI) constitutes expert panel to review debenture trustee regulatory framework (Start of July)
The Securities and Exchange Board of India (SEBI) has constituted an expert working group to review the regulatory framework governing debenture trusteeship activities. The panel is chaired by Ananta Barua, former…
Directorate General of Foreign Trade Amends Foreign Trade Policy 2023 to Ban Import of Forced Labour Goods
Key Updates:
- The Directorate General of Foreign Trade (DGFT) amended the Foreign Trade Policy (FTP) 2023 to prohibit import of goods produced or manufactured wholly or in part through forced labour.
- Forced labour is defined as per the ILO Forced Labour Convention, 1930, as all work or service exacted under menace of penalty and without voluntary offer by the person.
- The ban will come into effect 30 days after publication of the notification in the official gazette.
- The central government can issue a notification to ban import of specific goods at any time if inquiry or evidence shows forced labour was used in their production.
- The procedure for DGFT enquiry into forced labour will follow the Handbook of Procedures, 2023.
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United States Trade Representative (USTR) Proposes 12.5% Tariffs on India and 59 Other Economies (Start of June)
The United States Trade Representative (USTR) has proposed additional tariffs of up to 12.5 per cent on imports from 60 economies, including India, China, and the European Union. The proposal follows 60 separate…
Government constitutes 6 Sector-Specific Working Groups to Identify 100 Products for Domestic Manufacturing (Start of June)
The Government of India has constituted six sector-specific working groups to identify 100 products for promoting domestic manufacturing and reducing import dependence. These groups will be chaired by the Secretary in…
The Government of India has raised the import duty on gold and silver to 15% from 6%, comprising a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess. Prime Minister Narendra Modi urged…
Sugar Export Policy: Prohibition of Raw, White and Refined Sugar Exports till September 30 (Mid of May)
The Directorate General of Foreign Trade (DGFT) has prohibited the export of raw, white, and refined sugar until September 30 to stabilise domestic prices. The export policy for sugar was amended from restricted to…
Tripura Government Signs MoU with Google India to Build AI Ecosystem
Key Updates:
- The Tripura state government signed a Memorandum of Understanding (MoU) with Google India in July 2026 to develop an Artificial Intelligence ecosystem.
- The MoU is part of the Destination Tripura Business Conclave 2026, which secured over ₹10,000 crore in investment proposals through 43 MoUs and 11 Expressions of Interest.
- Google India agreed to provide technology transfer and resource sharing to foster AI applications and digital transformation in Tripura.
- Airtel invested ₹200 crore for a data center in Agartala as part of the infrastructure development under the conclave.
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The Ministry of Tourism signed a Memorandum of Understanding (MoU) with Google India to strengthen the digital promotion of India's tourism destinations. The collaboration focuses on the use of digital technologies…
The IndiaAI Mission, under the Ministry of Electronics and Information Technology (MeitY), signed a Memorandum of Understanding (MoU) with nonprofit organisation Karya. The partnership aims to strengthen India’s…
The Department of Telecommunications (DoT) signed a Memorandum of Understanding (MoU) with the Telecommunications Standards Development Society of India (TSDSI) to boost India's participation in global telecom standards…
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…
Union Minister Sarbananda Sonowal Launches ‘Seafarer-First’ Initiative to Safeguard Indian Seafarers
Key Updates:
- The Ministry of Ports, Shipping and Waterways (MoPSW) launched a comprehensive 'Seafarer-First' response following attacks on merchant vessels in the Strait of Hormuz.
- The initiative mandates real-time vessel-by-vessel monitoring of every Indian seafarer in the affected region via a dedicated operational dashboard.
- A dedicated liaison officer will be appointed for each affected Indian seafarer to coordinate medical updates, repatriation, and welfare support.
- A 24x7 grievance support system has been activated with domestic toll-free number 1800-889-7768 and international toll-free number +1-888-988-0256.
- Shipowners and recruitment agencies must submit compliance reports confirming no Indian seafarer is compelled to sail without adequate protection.
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Union Minister for Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal announced the 'Maritime Reform Utsav' to commemorate 12 years of reforms and growth in the maritime sector. The MoPSW will develop an integrated…
Union Minister for Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal announced a development pipeline worth Rs 5,028.17 crore for the Mumbai Port Authority. The development plan consists of 63 projects covering…
Deendayal Port Authority (DPA), Kandla was honoured with the Sagar Aankalan Award for the financial year 2024–25. The award was granted under the category Handling of Container Cargo – Less than 0.5 Million TEUs.
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…
India Notifies Tariff Rate Quota Allocation Procedure Under India-Oman CEPA
Key Updates:
- The Directorate General of Foreign Trade (DGFT) notified the Tariff Rate Quota (TRQ) allocation procedure under the India-Oman Comprehensive Economic Partnership Agreement (CEPA).
- The India-Oman CEPA came into force on 1 June 2026, aiming to deepen trade and investment ties.
- Eligible Indian importers must submit online applications via the DGFT portal for concessional tariff benefits.
- Electronic TRQ authorisations will be issued and integrated with the Indian Customs Electronic Data Interchange System (ICES) for seamless clearance.
- Products covered under the TRQ include dates, marble, copper weld wire, aluminium ingots, aluminium billets, aluminium wires, ethylene glycol, linear alkylbenzene, and low-density polyethylene.
- Imports of up to 2,000 tonnes of dates annually will enjoy complete elimination of existing import duty under the quota.
- Imports beyond the quota limit attract normal customs duty rates.
- The India-Oman CEPA was signed in December 2025 and entered into force after domestic ratification.
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India has notified the procedure for importers to claim quota-based tariff concessions on vehicle imports from the United Kingdom (UK) under the India-UK Comprehensive Economic and Trade Agreement (CETA). The Directorate…
India and Oman to Implement Comprehensive Economic Partnership Agreement (CEPA) from June 1 (Start of June)
The Comprehensive Economic Partnership Agreement (CEPA) between India and Oman will come into force on June 1, marking the fifth free trade agreement implemented by the Indian government since 2014. Bilateral trade…
The Free Trade Agreement (FTA) between India and Oman, signed in December 2025, is expected to come into force from June 1, 2026. The FTA will provide duty-free access to 98 per cent of India's exports to Oman, including…
The Ministry of Labour and Employment (MoLE) notified a 1 per cent construction worker welfare cess on total construction costs, excluding land and compensation costs, effective from May 1. The cess must be paid within…
India Reaffirms Support for Palestine’s UN Membership Bid
Key Updates:
- India announced its support for Palestine's membership in the United Nations during a donor group meeting in Brussels.
- External Affairs Minister S Jaishankar made the announcement on July 14, 2026, at the launch of India's campaign for a non-permanent seat on the UN Security Council for the 2028-29 term.
- India committed to establishing a specialty hospital, an artificial limb fitment centre, and a vocational training institute for Palestine.
- India is among the top donors to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).
- Since 2023, India has delivered approximately 135 metric tonnes of humanitarian aid to Palestine, and over the past decade has provided around $80 million in development assistance.
- India reiterated its longstanding support for a two-state solution between Palestine and Israel.
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BRICS reaffirms support for independent State of Palestine with East Jerusalem as capital amid internal disagreements (Mid of May)
The BRICS (Brazil, Russia, India, China, South Africa) Foreign Ministers' meeting on May 15, 2026 in New Delhi reaffirmed support for an independent and viable State of Palestine within pre-1967 borders with East…
India Launches SHANTI Campaign for UNSC Bid (Mid of July)
India launched its campaign for election as a non-permanent member of the United Nations Security Council (UNSC) for the 2028-29 term. External Affairs Minister S Jaishankar unveiled the SHANTI vision (Securing Holistic…
India announces USD 2.5 million contribution to UNRWA and reiterates support for two-state solution at UN Security Council (Mid of June)
India will hand over USD 2.5 million to the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) as the first tranche of its annual USD 5 million contribution. India's Permanent Representative to the UN…
Palestinian Embassy appeals to India for $100 million medical aid under Aarogya Maitri project (End of June)
The Embassy of the State of Palestine to the Republic of India has requested the Government of India for life-saving medical supplies valued at 100 million USD. The appeal seeks assistance under the Aarogya Maitri…
CAC49 Adopts Seven Codex Standards Under India’s Leadership
Key Updates:
- The 49th session of the Codex Alimentarius Commission (CAC49) adopted seven Codex standards and guidelines developed under India’s chairmanship and co-chairmanship.
- India’s proposal to develop a Codex standard for cashew kernels was approved by CAC49.
- CAC49 adopted Codex Standards for dried coriander seeds and fresh curry leaves, both developed under India’s chairmanship.
- Five Codex texts developed under India’s co-chairmanship were adopted, including standards for vanilla and large cardamom.
- India was elected Co-Chair of the Electronic Working Group on New Food Sources and Production Systems (NFPS) at CAC49.
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The Institute of Chartered Accountants of India (ICAI), through its Global Trade & Services Committee, inaugurated the first edition of the ICAI Global Orbit Summit 2026 in New Delhi. The summit was organised under the…
Bureau of Indian Standards (BIS) to Introduce India's First Mangrove Restoration Standards (Mid of July)
The Bureau of Indian Standards (BIS) is introducing the country's first set of guidelines for the restoration of mangrove ecosystems titled ‘Restoration of Mangrove Ecosystem — Guidelines’. The guidelines are designed to…
India and Kenya hold 10th Joint Trade Committee meeting in Nairobi on April 27-28, 2026 (End of April)
India and Kenya held the 10th session of the Joint Trade Committee (JTC) in Nairobi on April 27-28, 2026. The meeting was co-chaired by Commerce Secretary Rajesh Agrawal and Kenya’s Principal Secretary for Trade Regina…
The Bureau of Indian Standards (BIS) is hosting the 35th Plenary and Working Groups meetings of the International Organization for Standardization (ISO) Technical Committee 20/Subcommittee 14 in New Delhi. The…
India to Host 5th BIMSTEC Security Summit in New Delhi on July 16, 2026
Key Updates:
- India is hosting the 5th BIMSTEC National Security Advisers’ meeting in New Delhi on July 16, 2026.
- The summit brings together representatives from Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
- NSA Ajit Doval is expected to place collective counter-terrorism actions at the top of the agenda.
- Discussions will focus on real-time intelligence-sharing, cross-border threats, and dismantling transnational organised crime networks.
- Maritime security, including securing Bay of Bengal sea lanes, maritime piracy, and illegal fishing, will be a core priority.
- Non-traditional security threats to be addressed include cyber threats, disinformation campaigns, and risks from emerging technologies.
- Bangladesh, the current chair of BIMSTEC, has confirmed its Prime Minister’s Defence Adviser will lead its delegation despite recent diplomatic frictions.
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India will host the BRICS National Security Advisers' (NSA) Meeting on June 22 and 23, with National Security Adviser (NSA) Ajit Doval chairing the deliberations. The meeting will focus on the theme Non-traditional…
India assumed the BRICS Chairmanship on January 1, 2026, and hosted the BRICS Foreign Ministers' Meeting in New Delhi. India's trade with BRICS nations surged to $416 billion.
The Bangalore Water Supply and Sewerage Board (BWSSB) will host India’s first and largest National AI and Digital Water Summit in Bengaluru on May 27, 2026. The summit aims to discuss the use of artificial intelligence…
Switzerland announces Geneva AI Summit 2027 for June 21-22 (Start of July)
Switzerland announced that the Geneva AI Summit 2027 will take place on June 21-22, 2027, at Palexpo in Geneva. The summit will be held back-to-back with the International Telecommunication Union (ITU) AI for Good Global…
Ukraine, 9 Other Nations Form ‘Anti-ballistic Missile Coalition’ To Protect Europe From Missiles
Key Updates:
- Ukraine and nine other countries announced the formation of a coalition to protect Europe from ballistic missiles at a summit in Paris on July 13, 2026.
- The participating countries are Denmark, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden and the United Kingdom.
- The coalition aims to build a shared ballistic missile defense capability for Europe and recognizes Ukraine's experience from its defense against Russia's invasion.
- Zelenskyy stated that Ukraine and its partners could develop a mass-produced low-cost anti-ballistic missile system within the next 12 months.
- U.S. President Donald Trump pledged to give Ukraine a license to produce Patriot air defense systems, although experts noted full implementation would likely take years.
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Ukrainian forces launched a nighttime long-range attack using FP-5 Flamingo missiles against the Titan-Barrikady defence enterprise in Volgograd. The Titan-Barrikady plant is a major Russian military-industrial complex…
United States, China, Russia, and India invest in hypersonic and ballistic missile technologies (Mid of May)
Ballistic missiles follow a predetermined trajectory and are primarily controlled by gravity after reaching high altitudes. Hypersonic missiles travel at speeds exceeding Mach 5 and possess the capability to manoeuvre…
The Defence Research and Development Organisation (DRDO) successfully demonstrated a multi-layered Ballistic Missile Defence (BMD) capability through three consecutive flight-tests conducted on June 10 and 11. The…
European Union to advance Ukraine and Moldova membership bids after Hungary drops veto (Start of June)
The European Union (EU) is set to advance the membership bids of Ukraine and Moldova after Hungary dropped its veto. The veto was removed following the election of Péter Magyar as the new Hungarian Prime Minister…
Indian Grey Hornbill returns to Gujarat’s Gir forests after six decades
Key Updates:
- The Indian Grey Hornbill, which disappeared from Gujarat's Gir forests in the 1950s–1960s due to hunting, has been successfully reintroduced.
- A total of 40 Indian Grey Hornbills were translocated from healthy populations in Gujarat’s Aravalli forests and released in Gir between 2021 and 2023.
- Satellite tracking of 11 male hornbills revealed that their average home range contracted from 61 sq km during the exploratory phase to 5.7 sq km after settlement.
- The reintroduced population has bred successfully for four consecutive years, with one nesting pair in the first year expanding to three additional pairs by the second year.
- The birds prefer mature dry mixed deciduous and teak forests for nesting, particularly in old-growth trees such as Sterculia urens and Terminalia bellirica.
- Indian Grey Hornbills serve as important long-distance seed dispersers, feeding on fruits like banyan, peepal, karamda and dhraman, thereby aiding natural forest regeneration.
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Union Environment Minister inaugurates Lion Species Spotlight Programme at Gir National Park (Mid of May)
Union Environment Minister Bhupender Yadav inaugurated the Lion Species Spotlight Programme at Gir National Park in Gujarat as a pre-summit event for the International Big Cat Alliance (IBCA) Summit 2026. India is…
A Great Indian Bustard (GIB) chick born on May 21, 2026, in Naliya, Kutch district, Gujarat, has survived the critical 40-day survival stage. The chick was born using the jumpstart conservation technique, which involves…
Unjha Cumin and Fennel receive GI Tags on July 14, 2026 (Mid of July)
Unjha cumin and Unjha fennel have been granted the Geographical Indication (GI) tag by the Geographical Indications Registry. The GI tag was announced on July 14, 2026.
Union Environment Minister Presides Over 28th Wildlife Institute of India (WII) Society Meeting (Mid of July)
Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, presided over the 28th Meeting of the Wildlife Institute of India (WII) Society in Coimbatore. The meeting was held at the Central Academy…
Uttar Pradesh Reports Highest Cyber Fraud Complaints in India
Key Updates:
- Over 12.71 lakh cyber fraud complaints were recorded across India between January 1 and June 30, 2026, with reported fraudulent transactions exceeding Rs 10,178 crore.
- Uttar Pradesh recorded the highest number of complaints at 1.85 lakh, followed by Maharashtra (1.58 lakh) and Karnataka (1.21 lakh).
- Maharashtra reported the highest financial loss at Rs 1,637.66 crore, followed by Karnataka (Rs 1,097.37 crore) and Tamil Nadu (Rs 897.79 crore).
- Of the total 12.71 lakh complaints, 2.86 lakh were forwarded for banking action, and 2.70 lakh were taken up by banks under the Citizen Financial Cyber Fraud Reporting and Management System.
- Between 2021 and May 2026, total cybercrime losses reported stood at Rs 64,447 crore, of which Rs 10,718 crore was frozen as lien and only Rs 323 crore refunded to victims.
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Reserve Bank of India (RBI) introduces compensation framework for digital fraud victims (End of June)
The Reserve Bank of India (RBI) has overhauled its framework for fraudulent electronic banking transactions, applicable to Small Finance Banks and Payments Banks for transactions undertaken on or after January 1, 2027.…
The Central Bureau of Investigation (CBI) conducted coordinated searches at more than 80 locations across 16 states under Operation Chakra-VI. The 16 states involved in the operation are Punjab, Gujarat, Delhi…
The Indian Cyber Crime Coordination Centre (I4C), under the Union Home Ministry, identified an emerging cybercrime trend known as the Boss Scam or CEO impersonation fraud. Cybercriminals target high-ranking officials and…
Reserve Bank of India (RBI) launches 'RBI Reelathon 2026' to raise awareness on cyber financial frauds (Mid of June)
The Reserve Bank of India (RBI) launched 'RBI Reelathon 2026' in Thiruvananthapuram to raise awareness against cyber-enabled financial frauds among college students. The campaign was inaugurated by Kerala Director…
Pichavaram Mangroves Valued at ₹2,485 Crore
Key Updates:
- State forest authorities, with support from the Institute for Social and Economic Change (ISEC), Bengaluru, valued the ecosystem services of the Pichavaram mangroves.
- The total economic value of the mangroves is estimated at ₹2,485.38 crore (approximately US $289 million).
- The valuation amounts to ₹1.83 crore per hectare of mangrove forest.
- The Pichavaram mangroves are located in the Cuddalore district of Tamil Nadu.
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The Assam government launched a statewide drug disposal programme, featuring the inauguration of the state's first special narcotics incinerator in Doulasal, Nalbari district. The incinerator was provided by the Union…
Union Minister for Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal announced a development pipeline worth Rs 5,028.17 crore for the Mumbai Port Authority. The development plan consists of 63 projects covering…
India and New Zealand have set a target to increase trade in goods and services to ₹35,000 crore (US$4 billion) by 2030. Bilateral trade was valued at US$2 billion in 2024, with Indian exports of goods and services…
The Ministry of Defence (MoD) granted working permission to the Musi Riverfront Development Corporation Limited (MRDCL) for the Gandhi Sarovar project at Bapu Ghat in Langar Houz, Hyderabad. The clearance covers 83 acres…
Russia Launches Soyuz MS-29 Mission Carrying NASA Astronaut and Two Cosmonauts to ISS
Key Updates:
- Russia launched the Soyuz MS-29 spacecraft carrying National Aeronautics and Space Administration (NASA) astronaut Anil Menon and Roscosmos State Corporation for Space Activities (Roscosmos) cosmonauts Pyotr Dubrov and Anna Kikina to the International Space Station (ISS) on July 14, 2026.
- The spacecraft lifted off from the Baikonur Cosmodrome in Kazakhstan and docked with the Russian Prichal module approximately three hours later.
- The crew will spend about eight months aboard the ISS as part of Expeditions 74 and 75.
- NASA Administrator Jared Isaacman visited Baikonur to witness the launch and met with Roscosmos Director General Dmitry Bakanov, the first such visit by a NASA chief since 2018.
- Anil Menon, a former SpaceX flight surgeon, is making his first spaceflight, while cosmonauts Dubrov and Kikina are on their second missions.
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Anil Menon to Travel to International Space Station (ISS) as National Aeronautics and Space Administration (NASA) Astronaut (Mid of July)
Anil Menon, a National Aeronautics and Space Administration (NASA) astronaut of Indian descent, is scheduled to launch on an eight-month mission to the International Space Station (ISS) on July 14 from the Baikonur…
China successfully launched the Shenzhou 23 spacecraft from the Jiuquan Satellite Launch Center (JSLC) in northwestern China on 24 May 2026. The mission crew comprises commander Zhu Yangzhu, Zhang Zhiyuan, and Lai…
National Aeronautics and Space Administration (NASA) Announces Artemis III Crew for Lunar Mission (Mid of June)
The National Aeronautics and Space Administration (NASA) aims to land humans on the lunar South Pole by 2028 as part of the Artemis programme. The Artemis III crew consists of Commander Randy Bresnik, Pilot Luca…
Group Captain Shubhanshu Shukla of the Indian Air Force (IAF) launched his book ‘The Second Orbit’ aiming to share his personal space journey and inspire engagement with space and astronomy. Former Indian Space Research…
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Spain defeats France to reach FIFA World Cup 2026 Final
Key Updates:
- Spain defeated France 2-0 in the first semi-final held in Dallas on 15 July 2026.
- The second semi-final between England and Argentina was scheduled for 16 July 2026 in Atlanta.
- The third-place match will be played on 19 July 2026 in Miami.
- The FIFA World Cup 2026 Final is scheduled for 20 July 2026 (Sri Lanka time) at MetLife Stadium in New Jersey.
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Cabo Verde, Curaçao, Jordan, and Uzbekistan will make their tournament debut at the 2026 Fédération Internationale de Football Association (FIFA) World Cup. Qatar is advancing to a World Cup for the first time through…
Neymar Announced Retirement from Brazil National Football Team (Start of July)
Neymar announced his retirement from the Brazil national football team on July 5, 2026, following the team's exit from the World Cup. The 34-year-old player made his final appearance during a 2-1 loss to Norway in the…
The 2026 FIFA World Cup, co-hosted by the United States, Canada, and Mexico, will begin on 11 June 2026 as the largest edition featuring 48 teams. New Zealand midfielder Sarpreet Singh, born to parents from Jalandhar…
Portugal beats Croatia in FIFA World Cup Round of 32 (Start of July)
Portugal defeated Croatia 2-1 in the Round of 32 clash of the Fédération Internationale de Football Association (FIFA) World Cup. Cristiano Ronaldo became the oldest goalscorer in FIFA World Cup knockout-stage history at…
Inaugural Asian U23 Athletics Championships 2026: China Tops; India Finishes Fourth with 3 Gold Medals
Key Updates:
- The inaugural Asian U23 Athletics Championships were held in Ordos from 9-12 July 2026.
- China topped the medal tally with 23 gold, 17 silver, and 12 bronze medals.
- India finished fourth with 3 gold, 4 silver, and 9 bronze medals.
- Malaysia's Muhammad Azeem Fahmi won the men's 100m title in 10.17 seconds.
- Uzbekistan's Sharifa Davronova won the women's triple jump with a best mark of 14.24m.
- China's Xu Xinfeng equalled the national record of 48.68 seconds to win the men's 400m hurdles.
- India won the mixed relay and the women's 4x400m relay in 3:33.62.
- India's Anand Singh won the men's javelin throw gold with a personal best of 80.57m.
- China's Xue Kunzhi won the women's 100m in a personal best of 11.37 seconds.
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India won 19 medals, comprising 10 gold, 5 silver, and 4 bronze, at the 22nd Asian U20 Athletics Championships held in Hong Kong. Pooja Singh set a senior national record and a meet record in the women's high jump with a…
India wins 20 medals at U-20 Asian Wrestling Championships (Start of July)
India secured a total of 20 medals, comprising four gold, seven silver, and nine bronze, at the Under-20 Asian Wrestling Championships. In Women's Wrestling, India finished second overall with 184 points, behind…
Tashkent to host World Para Athletics Championships 2027 (End of April)
World Para Athletics (WPA) announced that the 13th edition of the World Para Athletics Championships will be held in Tashkent, Uzbekistan, in June 2027. The event will take place at the Olympic City Main Stadium.
India's women's wrestling team wins 10 medals at U17 Asian Wrestling Championships 2026 (Start of June)
India's women's wrestling team won a total of 10 medals, comprising two gold, three silver, and five bronze, at the U17 Asian Wrestling Championships 2026 in Da Nang, Vietnam. Gold medals were won by Diksha in the 43kg…
World Youth Skills Day 2026 observed on July 15 with theme 'Skills for a shared future'
Key Updates:
- World Youth Skills Day is observed annually on July 15, as declared by the United Nations General Assembly in 2014.
- The theme for World Youth Skills Day 2026 is 'Skills for a shared future'.
- The day highlights the strategic importance of equipping young people with skills for employment, decent work and entrepreneurship.
- According to the International Labour Organization (ILO), the global youth unemployment rate fell to 13% in 2023, a 15-year low.
- One in five young people globally were not in employment, education or training (NEET) in 2023, with young women's NEET rate (28.1%) more than double that of young men (13.1%).
- Technical and Vocational Education and Training (TVET) is central to achieving Sustainable Development Goal 4 on inclusive and equitable quality education.
- The United Nations (UN) observes World Youth Skills Day to promote skills development for youth employment, decent work and entrepreneurship.
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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…
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 Day Against Child Labour is observed on 12 June, and the theme for 2026 is Red card to child labour: Fair play for children, decent work for adults. The 6th Global Conference on the Elimination of Child Labour held…
International Thalassemia Day observed on May 8 with theme Hidden No More: Finding the Undiagnosed (Start of May)
International Thalassemia Day is observed annually on May 8. The theme for 2026 is Hidden No More: Finding the Undiagnosed. Supporting the Unseen.
Navi Mumbai International Airport (NMIA) Starts International Operations on July 15, 2026
Key Updates:
- Navi Mumbai International Airport (NMIA) commenced its first scheduled international flight to Abu Dhabi on July 15, 2026.
- The flight is operated by Air India Express and will run three times a week.
- NMIA began domestic operations on December 25, 2025, less than 200 days before its first international flight.
- As of July 2026, NMIA has connected 46 domestic destinations, handled over 2.3 million passengers, and manages around 150 air traffic movements daily.
- The inaugural international flight carried the airport's first global perishable export shipment.
- NMIA is designed to handle 20 million passengers annually in its initial phase and up to 90 million upon full completion.
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The Union Health Ministry has authorised the Navi Mumbai Airport as a new entry point for pharmaceutical imports into India. The inclusion of the airport was notified by amending Rule 43A of the Drugs Rules.
Airports Authority of India (AAI) data shows Bengaluru airport handled 3.28 million domestic passengers in April 2026. Mumbai Metropolitan Region (MMR) airports handled approximately 3.4 million domestic passengers in…
Navi Mumbai and Guwahati Airports featured in World’s Most Beautiful Airports List 2026 on June 15 (Mid of June)
Navi Mumbai International Airport (NMIA) and Lokpriya Gopinath Bordoloi International Airport (LGBIA) have been featured in the World’s Most Beautiful Airports 2026 list by Prix Versailles. This marks the first time two…
Nitu Samra, previously the Chief Financial Officer, has been appointed as the interim Chief Executive Officer (CEO) of Noida International Airport. The Bureau of Civil Aviation Security (BCAS) rejected the security…
Manohari Gold Tea presented as diplomatic gift to Indonesian President on July 13, 2026
Key Updates:
- Manohari Gold Tea is produced from carefully handpicked tender tea buds rather than fully grown leaves.
- The tea is known for its distinctive golden appearance, refined flavour and delicate aroma.
- Prime Minister Narendra Modi presented Assam's Manohari Gold Tea as a diplomatic gift to the President of Indonesia.
- Assam Chief Minister Himanta Biswa Sarma shared the development on the social media platform X.
- Manohari Gold Tea is regarded as one of Assam's most exclusive and sought-after tea varieties.
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Assam has become the first state in India to commercially produce Matcha tea. Commercial production commenced at the Chota Tingrai Tea Estate located in the Tinsukia district of eastern Assam.
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…
Pradhan Mantri Cha Shramik Protsahan Yojana: Rs 313.30 Crore Outlay for West Bengal Tea Workers (Start of July)
The West Bengal government announced the implementation of the Pradhan Mantri Cha Shramik Protsahan Yojana (PMCSPY) with a total financial allocation of Rs 313.30 crore for tea garden workers in North Bengal. Under the…
The Assam Government and the European Union (EU) launched the Blue Valley Cluster initiative in Guwahati to expand cooperation in bioeconomy sectors including natural flavours, fragrances, and AYUSH. The initiative…
Tamil Poet and Lyricist R. Vairamuthu Conferred with 60th Jnanpith Award
Key Updates:
- Tamil poet and lyricist R. Vairamuthu was conferred the 60th Jnanpith Award for the year 2025.
- He is the third Tamil literary figure to receive the award, after Akilan and Jayakanthan, ending a 24-year gap.
- The award was presented by politician and scholar Karan Singh in New Delhi.
- Vairamuthu received a cash prize of Rs 11 lakh, a bronze statue of Vagdevi, and a citation.
- He had previously won the Sahitya Akademi Award in 2003 for his work 'Kallikattu Ithikasam'.
- The Jnanpith Award is instituted by Bharatiya Jnanpith (established in 1944) and was first awarded in 1961.
- The award is given for outstanding lifetime contribution to literature in any language listed in the Eighth Schedule of the Constitution.
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Puviyarasu, Tamil Poet and Translator, Dies (Start of July)
Puviyarasu, a renowned Tamil poet, translator, screenwriter, and actor, died at the age of 96 in Coimbatore. He was among the few Indian litterateurs to win the Sahitya Akademi Award twice, for translation and poetry.
Poomani, a celebrated Tamil writer, died at the age of 79 on 13 June 2026 in Chennai. He received the Sahitya Akademi Award in 2014 for his novel Agnaadi.
A.C. Sreehari Passes Away as Malayalam Poet and Academic (Start of June)
A.C. Sreehari was a poet, writer, and academic who passed away at the age of 56 following a heart attack. He served as the former head of the Department of English at Payyanur College.
Rabindranath Tagore Jayanti observed on May 7, 2026 (Start of May)
Rabindranath Tagore Jayanti 2026 was observed on May 7, marking the 165th birth anniversary of the Nobel laureate. Rabindranath Tagore was born on May 7, 1861, in Kolkata to parents Debendranath Tagore and Sarada Devi.
Raghuram Rajan, Raj Chetty, and Asha Sharma Appointed to Lead US Federal Reserve Monetary Policy Review Task Forces
Key Updates:
- US Federal Reserve Chairman Kevin Warsh announced the leaders of five task forces to examine the central bank’s monetary policy approach.
- Three Indian-origin experts were named: former RBI governor Raghuram Rajan, Harvard University economics professor Raj Chetty, and Microsoft XBOX Chief Executive Officer Asha Sharma.
- Raghuram Rajan will co-lead the Balance Sheet Policy taskforce to examine the Fed’s balance sheet regime; he is a former RBI governor and Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.
- Raj Chetty, William A Ackman Professor of Public Economics at Harvard University, was named to the panel on Liquidity Dependence and serves as director of Opportunity Insights at Harvard University.
- Asha Sharma, Indian-origin CEO of Microsoft gaming unit XBOX, will lead a task force on productivity and employment; she has worked at Meta, Coupang, Instacart, and The Home Depot.
- Kevin Warsh stated the goal is to ensure the Fed is best positioned to achieve its objectives in this consequential time.
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The Reserve Bank of India (RBI) launched three key surveys on 9 July 2026 to provide critical inputs for formulating monetary policy. The July 2026 round of the Inflation Expectations Survey of Households captures…
Kevin Warsh Confirmed as Federal Reserve Chair (Mid of May)
Kevin Warsh was confirmed by the Senate on May 13 as the chair of the Federal Reserve (Fed). He replaces Jerome Powell as the chair of the Fed.
Federal Open Market Committee (FOMC) maintains federal funds rate in 3.5%–3.75% range (Start of May)
The Federal Open Market Committee (FOMC) is projected to maintain the federal funds rate within the 3.5%–3.75% range. The Federal Reserve (Fed) last conducted a rate cut in December 2025.
The Reserve Bank of India (RBI) approved the appointment of Elias George as the part-time chairman of Federal Bank. The appointment is for a three-year term effective from May 23, 2026.