The Reserve Bank of India (RBI) issued the Master Direction – Facility for Exchange of Notes and Coins on April 01, 2026. The guidelines were issued under the Banking Regulation Act, 1949, for providing note and coin…
Reserve Bank of India (RBI) issues revised authorisation framework for payment systems
Key Updates:
- The Reserve Bank of India (RBI) issued revised Master Directions on Authorisation to Operate a Payment System under the Payment and Settlement Systems Act, 2007, applicable to new applicants and existing Payment System Operators (PSOs).
- The framework formalises on-tap licensing, which allows entities to apply for authorisation at any time.
- The RBI introduced perpetual validity of Certificates of Authorisation (CoA) for PSOs, while non-compliant operators will receive one-year renewals until compliance is achieved.
- Aggregate voting power for investments from Financial Action Task Force (FATF) non-compliant jurisdictions is capped at below 20 per cent.
- A mandatory one-year cooling period is introduced for entities whose authorisation is revoked, not renewed, voluntarily surrendered, or rejected, with unsettled claims remaining valid for up to three years.
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Reserve Bank of India (RBI) issued draft Trade Receivables Discounting System (TReDS) Directions, 2026 on 9 April 2026. New TReDS platform operators must hold minimum net worth of ₹25 crore; existing entities must comply…
The Reserve Bank of India (RBI) and the State Bank of Vietnam (SBV) signed a Memorandum of Understanding (MoU) to strengthen cooperation in digital payments and financial innovation. The agreement, approved by the Union…
Skydo received in-principle approval to operate as a Payment Service Provider (PSP) at the GIFT City International Financial Services Centre (IFSC). The fintech firm secured regulatory approval from the Reserve Bank of…
Bank of Baroda (BoB) launches bob Golden Goal Deposit Scheme with rates up to 7.40%
Key Updates:
- Bank of Baroda (BoB) has launched the 'bob Golden Goal Deposit Scheme' for retail term deposits with a tenure of 555 days.
- For callable deposits, BoB offers interest rates of 6.75% per annum for general customers, 7.25% for resident senior citizens, and 7.35% for resident super senior citizens aged 80 years and above.
- For non-callable deposits, the interest rates are 6.80% for general customers, 7.30% for senior citizens, and 7.40% for super senior citizens.
- The special deposit scheme is applicable on retail term deposits of less than ₹3 crore.
- The launch follows Reserve Bank of India (RBI) measures to boost foreign currency inflows and allows new-to-bank customers to book deposits online without opening a savings account.
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DBS Bank India (DBIL) has introduced the DBS Aspire banking proposition and a signature Aspire debit card tailored for the emerging affluent segment. The proposition is available to clients maintaining a total…
Bank of Baroda (BoB) launched its artificial intelligence-powered conversational platform bob SAMVAD on March 28 in Mumbai. The platform enables real-time two-way communication in 22 languages to reduce language barriers…
Reliance Jio Infocomm Limited (Jio) and Bank of Baroda (BoB) have partnered to launch 'bob World Lite', a mobile banking application for feature phone users. The application is specifically designed for the JioPhone…
Bank of Baroda (BoB) is the first bank in India to offer an Overdraft Facility on Credit Line via UPI for verified women Self-Help Group (SHG) members holding Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts. The facility…
YES Bank and Northern Arc Capital establish strategic partnership for credit expansion
Key Updates:
- YES Bank has entered into a strategic partnership with Northern Arc Capital to expand credit access, scale digital lending, and offer debt investment opportunities.
- The collaboration was facilitated by Sumitomo Mitsui Banking Corporation (SMBC), which is the largest strategic shareholder in YES Bank and a key shareholder in Northern Arc Capital.
- Northern Arc Capital will utilise its network of 368 originator partners, comprising financial institutions, to facilitate credit deployment for YES Bank.
- Northern Arc Investment Managers (NAIM), a wholly owned subsidiary of Northern Arc Capital, will offer Alternative Investment Funds (AIFs) and Portfolio Management Services (PMS) to YES Bank clients.
- YES Bank will integrate Northern Arc's proprietary technology platforms, including nPOS, NIMBUS, and NuScore, into its digital lending architecture.
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BharatPe has partnered with YES BANK to launch BharatPe Flex, a Credit-on-UPI solution designed for everyday digital transactions. The service integrates a credit line into the Unified Payments Interface (UPI) ecosystem…
The Asian Development Bank (ADB) and Standard Chartered Bank signed agreements in Mumbai to strengthen supply chain finance in India through risk-sharing arrangements for US dollar and Indian rupee transactions. The…
One MobiKwik Systems has received approval from the Reserve Bank of India (RBI) for a Non-Banking Financial Company (NBFC) licence to launch its in-house lending business. The company will establish a wholly owned…
State Bank of India (SBI) expects eligible customer utilisation under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to be in the range of ₹70,000-80,000 crore. The Reserve Bank of India (RBI) will facilitate an…
Competition Commission of India (CCI) approves TVS Group acquisition of PGIM India and Temasek investment in Romsons Group
Key Updates:
- The Competition Commission of India (CCI) approved the acquisition of 100 per cent share capital of PGIM India Asset Management Pvt Ltd and PGIM India Trustees Pvt Ltd by TVS Emerald Ltd and TVS Venu Management and Consultancy Services Pvt Ltd.
- PGIM is the India asset management business of the United States-headquartered Prudential Financial.
- As of December 31 last year, PGIM was managing assets worth over ₹30,000 crore and managed 25 open-ended mutual funds as of March 2026.
- The CCI cleared the proposal by Singapore-based Temasek Holdings Pvt Ltd, through its subsidiary Jongsong Investments Pte Ltd, to acquire a stake in medical devices manufacturer Romsons Group Pvt Ltd.
- Romsons Group is engaged in the manufacturing and sale of medical devices, personal care, and hygiene products in India and globally.
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The Competition Commission of India (CCI) approved the proposal of South Africa-based Sanlam Group to acquire a stake in Shriram Life Insurance Company Ltd (SLIC). The acquisition involves 2.80 per cent of the expanded…
Competition Commission of India (CCI) approved Advent International’s proposal to acquire 14.3% equity in Aditya Birla Housing Finance (ABHFL) through a preferential private placement to Indriya Ltd. Aditya Birla Capital…
TVS Venu will acquire up to a 9.9% equity stake in Jana Small Finance Bank (JSFB) on a fully diluted basis. The acquisition will be executed through a combination of primary warrant issuance and secondary share purchase.
Oman India Joint Investment Fund II (OIJIF II) sold a 3.65% stake in Capital Small Finance Bank for approximately ₹36.79 crore through a block deal on the National Stock Exchange (NSE). Lyptus Punch-Card Fund acquired…
National Green Hydrogen Mission: ₹22 Crore Aid for Startups
Key Updates:
- The Ministry of New and Renewable Energy (MNRE) approved the first batch of ₹22 crore support for nine startups under the ₹100 crore startup support programme of the National Green Hydrogen Mission (NGHM).
- The MNRE launched the Green Hydrogen Certification Portal of India (GHCI) to facilitate certification and regulatory compliance under the Green Hydrogen Certification Scheme of India.
- The NGHM, launched in 2023, has a total outlay of ₹19,744 crore to achieve at least 5 million metric tonnes of green hydrogen production capacity annually by 2030.
- Six states have notified dedicated green hydrogen policies, while seven others have integrated hydrogen into existing industrial and renewable energy policy frameworks.
- State-level facilitation measures for green hydrogen include capital expenditure (capex) subsidies, electricity duty waivers, and waivers of wheeling charges.
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The International Finance Corporation (IFC), Siemens Financial Services and Fullerton Carbon Action Fund have announced an equity investment of $105 million in Hygenco Green Energies. The investment breakdown includes…
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has selected three startups for the first round of funding under the Technology Adoption Fund (TAF) scheme. The selected companies are Astrobase…
The Union Cabinet approved the Scheme for Promotion of Surface Coal/Lignite Gasification Projects with a total financial outlay of ₹37,500 crore. The scheme aims to gasify approximately 75 million tonnes of coal to…
The Uttar Pradesh Electricity Regulatory Commission (UPERC) approved the proposal of Uttar Pradesh Power Corporation Ltd (UPPCL) to import electricity from the Khorluchu Hydro Power Ltd (KHPL) project in Bhutan. The…
High-Level Clearance Authority (HLCA) approves 20 projects worth ₹76,611.86 crore
Key Updates:
- The High-Level Clearance Authority (HLCA) approved 20 major industrial projects with a cumulative investment of ₹76,611.86 crore.
- These projects are expected to generate 50,517 employment opportunities across nine districts of Odisha.
- The approvals were granted during the 45th meeting of the HLCA held in Bhubaneswar under the chairmanship of Chief Minister Mohan Charan Majhi.
- The approved projects span sectors including gemstone manufacturing, green energy equipment, aerospace and defence, rare earth minerals-based value-added products, pharmaceuticals, mechanical and electrical capital goods, chemicals, steel, iron and ferro alloys, and power and renewable energy.
- Key gemstone and green energy projects include lab-grown diamond manufacturing in Khordha (₹9,817.50 crore), an ingot, wafer, and solar photovoltaic (PV) cell manufacturing unit in Ganjam (₹10,000 crore), and a solar PV cell manufacturing facility in Ganjam (₹1,709.81 crore).
- Rare earth mineral projects include an electric vehicle (EV)-grade neodymium-iron-boron (NdFeB) magnet unit in Khordha/Cuttack (₹1,250 crore), a sintered NdFeB permanent magnet facility in Ganjam (₹2,400 crore), and a titanium dioxide slag and pigment manufacturing unit in Ganjam (₹2,800 crore).
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Odisha has been selected for the PM Surya Ghar Excellence Awards. The state secured the top position for the highest number of consumer applications, solar installations, and distribution company (discom) inspections for…
The Odisha state Cabinet approved revised English spellings for 64 places across 26 districts to restore them to their Odia phonetic forms. The initiative was undertaken to preserve and promote the linguistic heritage…
The Union Cabinet approved the construction of a Central Government General Pool Office Accommodation (CGGPOA) complex and a General Pool Residential Accommodation (GPRA) campus in Amaravati, Andhra Pradesh. The total…
LeBron James set the NBA all-time record with 1,612 games played. Stephen Curry has played 1,065 regular-season games and 155 playoff games, totalling more than 1,200 official games.
Kishau Multi-Purpose Dam Project: Six States Agree to MoU for Yamuna Rejuvenation
Key Updates:
- Home Minister Amit Shah chaired a meeting in New Delhi where six states agreed to sign a Memorandum of Understanding (MoU) for the Kishau Multi-Purpose Dam Project.
- The six states are Himachal Pradesh, Uttarakhand, Delhi, Uttar Pradesh, Haryana, and Rajasthan.
- Under the agreed funding pattern, the Central Government will provide 90% assistance for the water component of the project, while the remaining 10% will be shared by the six states.
- In lieu of sharing the cost of the power component, the water allocated to Himachal Pradesh will be supplied to Delhi and Rajasthan.
- The project aims at the rejuvenation of the Yamuna River by increasing the flow of clean water.
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Prime Minister Narendra Modi visited the Afsluitdijk, a 32-kilometre-long dam and causeway in the Netherlands used for flood control and land reclamation. India and the Netherlands signed a Letter of Intent for technical…
The Union government, Assam, and Nagaland signed a memorandum of understanding (MoU) to resume oil and gas exploration along the contested boundary of the two states after three decades. The MoU specifically targets the…
The Odisha Government, Intel, and 3DGS signed a tripartite MoU to establish an advanced packaging glass core substrate manufacturing facility in the state. The proposed project involves an estimated investment of…
The Quality Council of India (QCI) and the Footwear Design and Development Institute (FDDI) signed a Memorandum of Understanding (MoU) on June 12, 2026. The partnership aims to strengthen quality, testing, accreditation…
India's Bus and Truck Replacement Scheme for Delhi-NCR with ₹9,585 crore outlay
Key Updates:
- The scheme was approved by the Union Cabinet in June 2026 and is administered by the Ministry of Road Transport and Highways (MoRTH).
- The scheme has an outlay of ₹9,585 crore and aims to replace over 2 lakh BS-IV or earlier trucks and buses in Delhi-NCR with BS-VI or electric vehicles.
- Target beneficiaries include approximately 1.91 lakh truck owners and 16,329 bus owners in Delhi-NCR.
- Ashok Leyland and its subsidiary Switch Mobility became the first original equipment manufacturers (OEMs) to sign a Memorandum of Understanding (MoU) with MoRTH, offering an 8% discount on eligible vehicles.
- Additional incentives include a 5% interest subvention on vehicle loans, fixed monthly fuel vouchers for five years, and state governments offering up to 100% concession on motor vehicle tax for ten years with waiver of registration fees.
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The scheme will be implemented in coordination with the governments of Delhi, Haryana, Rajasthan and Uttar Pradesh to replace older trucks and buses in Delhi-NCR with BS-VI-compliant or electric vehicles, with a…
Mahindra & Mahindra (M&M) signed a pact with DBS Bank India to launch a sustainability-linked dealer financing programme. The collaboration aims to incentivise authorised M&M dealers to adopt sustainable business…
The Union Government approved Karnataka's proposal for the installation of 1,243 electric vehicle (EV) chargers with an outlay of ₹123 crore under the PM E-DRIVE initiative. The Ministry of Heavy Industries (MHI) is…
The Government of India plans to expand the national ethanol fuel network to 5,000 dispensing stations by the close of 2027. Minister of Petroleum and Natural Gas (MoPNG) Hardeep Singh Puri stated the rollout begins with…
United States and Iran sign 14-point interim agreement (Islamabad Memorandum of Understanding) to end hostilities and reopen Strait of Hormuz
Key Updates:
- The United States and the Islamic Republic of Iran signed the 'Islamabad Memorandum of Understanding' (MoU), a 14-point interim agreement to end hostilities and reopen the Strait of Hormuz.
- The interim deal declares immediate and permanent termination of military operations on all fronts, including in Lebanon, and requires the US to remove its naval blockade within 30 days.
- A 60-day negotiation period for a final deal is set to begin in Switzerland, with the final deal to be endorsed by a binding United Nations Security Council (UNSC) resolution.
- The United States commits to developing a plan with at least $300 billion for reconstruction and economic development of Iran, and to terminate all types of sanctions, including International Atomic Energy Agency (IAEA) Board of Governors resolutions and unilateral US sanctions.
- Iran reaffirms it shall not procure or develop nuclear weapons, and pending the final deal, both sides agree to maintain the status quo: Iran keeps current nuclear program, US imposes no new sanctions or additional forces.
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Iran has proposed a 10-point peace plan to end the conflict as the United States (US) and Israel intensify military attacks on Iranian territory. US President Donald Trump set a deadline of 8:00 PM Washington time on…
The UN Security Council (UNSC) failed to adopt a resolution on boosting security in the Strait of Hormuz after Russia and China exercised their veto on 7 April 2026. Eleven countries voted in favour, Colombia and…
The United States (US) and Israel initiated a military conflict against Iran on 28 February 2026. United States President Donald Trump proposed a 15-point peace plan delivered to Iran via Pakistan, suggesting a one-month…
Iran has struck more than a dozen ships in the 21-nautical-mile-wide Strait of Hormuz since hostilities began two weeks ago. US President Donald Trump publicly called on China, France, Japan, South Korea and the United…
Uzbekistan becomes first Central Asian representative in New Development Bank
Key Updates:
- Uzbekistan became the 10th member of the New Development Bank (NDB) on 5 June 2026, becoming the first Central Asian representative.
- The NDB was established in 2015 at the initiative of the BRICS countries.
- The founding members are Brazil, Russia, India, China, and South Africa; other members include Egypt, the United Arab Emirates (UAE), Bangladesh, and Algeria.
- Director General of the NDB Eurasian Regional Centre Andrey Bokarev announced Uzbekistan's accession and stated that priority areas include energy, water management, transport, municipal infrastructure, and social infrastructure.
- The law on Uzbekistan's accession to the NDB Agreement was signed by President Shavkat Mirziyoyev on 21 May 2026.
- As of the article, the NDB has approved 139 projects worth almost US$43 billion.
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Savitha Shri Baskar won the 2026 Women’s Asian Individual Chess Championship in Ulaanbaatar, Mongolia. The Chennai-based International Master finished the tournament with 7.5 points from nine rounds.
India is hosting the 68th Governing Body meeting of the Asian Productivity Organization (APO) from 20 to 22 May 2026 at Bharat Mandapam, New Delhi. The meeting involves more than 60 senior delegates representing 20 APO…
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.
The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion Energy, Food Security and Economic Resilience Facility to support member countries affected by the Middle East conflict. The facility provides a…
Drogo Aerospace delivers first batch of 41 JK 250e drones to Indian Army
Key Updates:
- Drogo Aerospace Pvt Ltd delivered the first batch of 41 JK 250e drones to the Indian Army under a Rs 72-crore contract.
- The total order comprises 217 drones, with the remaining 176 to be delivered by August 2026.
- The drones were received by officials of the Army's Southern Command in Nasik, Maharashtra.
- The JK 250e drones have a flight endurance of up to three hours on a single charge for surveillance and reconnaissance missions.
- Drogo Aerospace is establishing a drone manufacturing facility at Maheshwaram in Telangana's Ranga Reddy district, with 4.5 acres of land allotted by the state government.
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SMPP, an Indian defence manufacturer, completed the delivery of 100 operational Peacekeeper (Agniveg) jet-based drones and six training drones to the Indian Army. The Peacekeeper (Agniveg) is a turbojet-powered kamikaze…
Adani Defence & Aerospace delivered the first batch of 2,000 indigenously manufactured 7.62 mm ‘Prahar’ light machine guns to the Indian Army. The 7.62 mm-calibre weapons have been produced at the company’s Small Arms…
The Indian Army conducted an operational demonstration of the Divyastra Mk-1, a tactical loitering munition platform developed by Hoverit, in Jodhpur. The Divyastra Mk-1 is an indigenous Unmanned Aerial Vehicle (UAV)…
The Indian Army received the UAV-Launched Precision Guided Munition (ULPGM) and AGNIKAA VTOL-1 First-Person View (FPV) Kamikaze Drone under emergency procurement (EP-6). Both combat systems were designed and developed by…
India's Ministry of Defence clears ₹500 crore National Military Drone Technology Hub at IIT Kanpur
Key Updates:
- The Ministry of Defence (MoD) has granted in-principle clearance for a ₹500 crore National Military Drone Technology Hub at the Indian Institute of Technology (IIT) Kanpur.
- The hub will provide end-to-end capabilities for the design, testing, and certification of military payloads, data links, ground stations, and counter-drone systems.
- The proposal was prepared by the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), the principal nodal body for the Uttar Pradesh Defence Industrial Corridor (UPDIC).
- The Army Design Bureau has been appointed as the single point of contact for coordination to accelerate indigenisation under Make-1 and Make-2 categories.
- The hub will utilise UPDIC corridor nodes at Aligarh, Agra, Jhansi, Kanpur, Lucknow, and Chitrakoot for distributed manufacturing and maintenance, repair and overhaul.
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SMPP, an Indian defence manufacturer, completed the delivery of 100 operational Peacekeeper (Agniveg) jet-based drones and six training drones to the Indian Army. The Peacekeeper (Agniveg) is a turbojet-powered kamikaze…
India will invest ₹13,000 crore to build a dual-use airport and runway at Great Nicobar Island for use by civilians and the Indian Navy. The project is jointly funded by the Ministry of Defence (MoD) and the Ministry of…
The Reserve Bank of India (RBI) has granted in-principle approval for a Payment Aggregator-Physical (PA-P) licence to Mobikwik Systems. This approval follows the company's acquisition of a non-banking financial company…
Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N. Chandrababu Naidu laid the foundation stone for the ₹15,803-crore Advanced Medium Combat Aircraft (AMCA) infrastructure project in the Sri Sathya Sai…
Council of Scientific and Industrial Research (CSIR) Organises Technology Transfer and BND Release Function in New Delhi
Key Updates:
- The Council of Scientific and Industrial Research (CSIR) organised a Technology Transfer and Bharatiya Nirdeshak Document (BND) Release Function in New Delhi.
- The programme witnessed the transfer of seven technologies to industry.
- Ten Bharatiya Nirdeshak Dravyas (BNDs) were released to provide reliable reference materials and measurement standards for laboratories, industry, and regulatory agencies.
- Critical components developed for quantum sensing applications were handed over to the Defence Research and Development Organisation (DRDO).
- The initiative focuses on the development of indigenous technologies aligned with the vision of Atmanirbhar Bharat.
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Council of Scientific and Industrial Research (CSIR) signed technology transfer agreements with 10 companies on Monday for producing bio-bitumen from crop straw. In January 2026 CSIR had already transferred the same…
India and Japan exchanged agreements in quantum science and medical devices during a high-level bilateral meeting in New Delhi on May 06, 2026. A Memorandum of Cooperation (MoC) in health and medical devices was signed…
The Reserve Bank of India (RBI) has constituted an eight-member panel, named the Expert Committee for a Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE), to recommend a roadmap for a quantum-secure financial…
The Department of Higher Education under the Ministry of Education (MoE) launched the Prime Minister Research Chair (PMRC) Scheme 2026 to bring accomplished Indian-origin researchers, scientists, technologists, and…
Sports
Deepti Sharma equals Jhulan Goswami's all-time international wickets record
Key Updates:
- Indian all-rounder Deepti Sharma equalled the record of Jhulan Goswami for the most wickets in women's international cricket, with both players reaching a total of 355 wickets.
- Deepti Sharma achieved the feat by taking 1/26 in three overs during the Board of Control for Cricket in India (BCCI) team's second Group A match of the International Cricket Council (ICC) Women's T20 World Cup against Netherlands at Leeds.
- Deepti Sharma is the leading wicket-taker globally in T20 Internationals (T20Is) with 167 wickets and is India's second-highest wicket-taker in One Day Internationals (ODIs) with 166 wickets.
- The list of top international wicket-takers following the leaders includes Katherine Sciver-Brunt (335), Ellyse Perry (332), Sophie Ecclestone (327), and Shabnim Ismail (318).
- India recorded its highest-ever ICC Women's T20 World Cup score of 209/5, with Smriti scoring 74 and Shafali scoring 55, before bowling out Netherlands for 114 runs.
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Australian fast bowler Mitchell Starc was named Leading Cricketer in the World by Wisden Cricketers' Almanack for 2025 after taking 55 wickets in 11 Test matches at an average of 17.32. Indian women’s all-rounder Deepti…
Sunrisers Hyderabad (SRH) defeated Delhi Capitals (DC) by 47 runs in an Indian Premier League (IPL) 2026 match held in Hyderabad. SRH scored 242 for 2 in 20 overs, while DC scored 195 for 9 in 20 overs.
Vaibhav Sooryavanshi of Rajasthan Royals (RR) broke the record for the most sixes hit by an Indian batter in a single Indian Premier League (IPL) season during the 2026 edition. The 15-year-old reached a total of 43…
Smriti Mandhana is the only Indian athlete featured in TIME magazine's 100 Most Influential People in Sports 2026. She has been placed in the 'Titans' category alongside Cristiano Ronaldo, Erling Haaland, and Temba…
Argentina defeats Algeria 3-0 in FIFA World Cup 2026 opener as Messi equals all-time goal record
Key Updates:
- Argentina defeated Algeria 3-0 in their FIFA World Cup 2026 opener, with Lionel Messi scoring a hat-trick.
- The match was played at a venue in Kansas City, with more than 70,000 supporters in attendance.
- Messi scored his 16th World Cup goal, equalling Germany's Miroslav Klose as the highest goalscorer in men's World Cup history.
- The all-time men's World Cup goal-scoring list now has Lionel Messi (16) and Miroslav Klose (16) tied at the top, followed by Ronaldo Nazario of Brazil (15).
- Argentina are the defending champions and Messi is playing in his record sixth World Cup campaign at the age of 38.
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Lionel Messi has been awarded the 2026 Princess of Asturias Award for Sports, becoming the first individual footballer to receive this honour. The Princess of Asturias Award recognises outstanding achievements in fields…
Lionel Messi became the second footballer in history to reach billionaire status after Cristiano Ronaldo. According to the Bloomberg Billionaires Index, Messi's net worth has surpassed $1 billion.
The Fédération Internationale de Football Association (FIFA) has announced a total financial distribution of $871 million for the World Cup 2026. The champion of the tournament will receive $50 million in…
David Beckham will be awarded a star on the Hollywood Walk of Fame in the Sports Entertainment category. The Hollywood Chamber of Commerce will confer the honour on June 12 in Los Angeles.
Autistic Pride Day 2026 observed globally on June 18
Key Updates:
- Autistic Pride Day is observed globally every year on June 18.
- The day celebrates neurodiversity and promotes acceptance of autistic individuals.
- Autistic Pride Day focuses on pride, identity, and inclusion rather than viewing autism as something that needs to be 'fixed'.
- The observance highlights the strengths, perspectives, and lived experiences of autistic individuals.
- Lily Roy, a Senior Educator with over 30 years of experience, advocated for inclusive schools and workplaces.
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World Autism Awareness Day is observed on 2 April every year. The 2026 theme is 'Autism and Humanity – Every Life Has Value'.
Maharashtra Day is observed on May 1 to mark the formation of the state in 1960. The state was formed under the Bombay Reorganisation Act, 1960, which divided the Bombay State into Maharashtra and Gujarat along…
The Government has extended the National PNG Drive 2.0 till 30th June 2026 to sustain momentum in PNG expansion across the country. City gas distribution entities have been directed to speed up domestic PNG connections.
World Schizophrenia Day is observed annually on May 24 to educate people about the disorder and combat associated stigma and misconceptions. The day was first declared by the National Schizophrenia Foundation in the late…
International Day of Family Remittances observed on 16 June with theme Remittances for Rural Resilience, Entrepreneurship and Employment
Key Updates:
- The International Day of Family Remittances is observed on 16 June.
- The theme for the 2026 observance is Remittances for Rural Resilience, Entrepreneurship and Employment.
- The World Bank (WB) estimated that individuals and families in low- and middle-income countries received over US$650 billion in remittances in 2024.
- The Fourth International Conference on Financing for Development was held in Sevilla, Spain, resulting in the Compromiso de Sevilla (Sevilla Commitment).
- The Sustainable Development Goals (SDGs) target for remittance costs is 3 per cent, though the global average was 6.5 per cent in early 2025.
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The International Organization for Migration (IOM) reported that India received the highest remittances globally in 2024 with inflows of $137.67 billion, becoming the first nation to cross the $100 billion mark. India's…
International Sex Workers Day, also known as International Whores' Day, is observed annually on June 2. The day aims to raise awareness of the often exploited working conditions of sex workers.
International Day for Dialogue Among Civilizations is observed globally on June 10 every year. The 2026 theme is 'Promoting Exchanges and Mutual Learning among Civilizations and Strengthening International Solidarity and…
International Day of Play is celebrated annually on June 11. The day was created by Dr. Stuart Brown, the founder of the National Institute for Play.
World Day to Combat Desertification and Drought observed on 17 June with theme Rangelands: Recognize. Respect. Restore.
Key Updates:
- World Day to Combat Desertification and Drought is observed on 17 June.
- The theme for the 2026 observance is Rangelands: Recognize. Respect. Restore.
- The United Nations Convention to Combat Desertification (UNCCD) is leading the commemoration of the day.
- Kenya is hosting the global observance for the year 2026.
- The United Nations (UN) has declared 2026 as the International Year of Rangelands and Pastoralists.
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World Milk Day is observed globally every year on June 1 to recognize the importance of milk as a nutritious food and celebrate the contributions of the dairy sector. The theme for World Milk Day 2026 is Celebrating…
World Day Against Speciesism is an annual observance held on June 5. The observance was initiated by animal rights advocates.
Joginipally Santosh Kumar, a former Member of Parliament (MP) in the Rajya Sabha, was conferred the title of "Global Green Icon" at the World Climate Leaders Conclave held at the House of Lords in London, United Kingdom…
International Albinism Awareness Day is observed every June 13 to advocate for the human rights of people with albinism worldwide. The day is organised by the United Nations (UN) to combat discrimination and promote a…
Hitesh Rameshchandra Joshi appointed Chairman-cum-Managing Director of General Insurance Corporation of India (GIC Re)
Key Updates:
- Hitesh Rameshchandra Joshi was appointed as the Chairman-cum-Managing Director (CMD) of the General Insurance Corporation of India (GIC Re).
- The appointment was approved by the Department of Financial Services (DFS), Ministry of Finance.
- Prior to this elevation, Joshi served as the Executive Director at GIC Re and held additional charge of the CMD.
- His tenure as CMD will continue until September 30, 2028, the date of his superannuation, or until further orders, whichever is earlier.
- GIC Re serves as the national reinsurer of India.
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The Ministry of Information and Broadcasting announced the appointment of lyricist and writer Prasoon Joshi as the Chairman of the Prasar Bharati Board on 3 May 2026. Prasoon Joshi has served as the Chairperson of the…
Rajesh Kumar Singh has been given additional charge as Secretary, Department of Defence Research and Development, and Chairman of the Defence Research and Development Organisation (DRDO). The appointment follows the…
Defence Secretary Rajesh Kumar Singh has been given additional charge of the posts of secretary, Department of Defence Research and Development, and chairman of the Defence Research and Development Organisation (DRDO)…
Ashok Lahiri, an economist and former chief economic advisor, appointed as Vice Chairman of National Institution for Transforming India (NITI Aayog). Ashok Lahiri replaces Suman Bery, who served as the vice chairman of…
Saibal Chattopadhyay Appointed Chairperson of National Statistical Commission (NSC)
Key Updates:
- The Appointments Committee of the Cabinet (ACC) approved the appointment of Saibal Chattopadhyay as the chairperson of the National Statistical Commission (NSC).
- Saibal Chattopadhyay, a former director of the Indian Institute of Management (IIM) Calcutta, succeeds Rajeeva Laxman Karandikar as the head of the apex body.
- The government also named Shubhabrata Das, Satyendra Bahadur Singh, and Madhavan Mukund as members of the commission.
- The NSC was established in 2005 to serve as the nodal body for core statistical activities under the Ministry of Statistics and Programme Implementation (MoSPI).
- The commission consists of a part-time chairperson, four part-time members, the Chief Executive Officer (CEO) of NITI Aayog as an ex-officio member, and the Secretary of MoSPI.
Connects with 4 related updates for revision context.
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Srikanth Velamakanni, cofounder and group CEO of Fractal, has been appointed as the Chairperson of the National Association of Software and Service Companies (Nasscom). He succeeds Sindhu Gangadharan, Managing Director…
Lok Sabha Speaker Om Birla reconstituted four parliamentary committees for the 2026-27 financial year. The committees were officially reconstituted on May 1, 2026, and will serve till April 30, 2027.
Sadhvi Niranjan Jyoti assumed charge as the chairperson of the NCBC in New Delhi on 19 March 2026. The NCBC is a constitutional body established to safeguard the rights, welfare, and development of socially and…
The National AI Doctors Mission was launched during the HealthAIcon 2026 summit held on May 17 in New Delhi. The initiative aims to promote Artificial Intelligence (AI) literacy and future-ready skills among healthcare…
Lieutenant General Vijay Oberoi Passes Away as Former Vice Chief of Army Staff
Key Updates:
- Lieutenant General Vijay Oberoi, the former Vice Chief of Army Staff, passed away at the age of 84 at the Chandigarh Army Hospital.
- He was commissioned into the Maratha Light Infantry in June 1961 and lost his right leg in 1965 while serving in Jammu and Kashmir.
- His senior military appointments included Director General Military Operations (DGMO), Army Commander of Army Training Command (ARTRAC), and Army Commander Western Command.
- He served as the Military Adviser to Malaysia and was a graduate of the United States (US) Army War College before retiring from service on 30 September 2001.
- He was the founder-president of the War Wounded Foundation and the founder-director of the Centre for Land Warfare Studies (CLAWS).
Connects with 4 related updates for revision context.
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Lt Gen Dhiraj Seth, currently serving as the Vice Chief of the Army Staff (VCOAS), has been appointed as the 31st Chief of the Army Staff (COAS). He will assume office on the afternoon of June 30, 2026, succeeding…
Lt Gen NS Raja Subramani (Retd) was appointed as the Chief of Defence Staff (CDS) and Secretary to the Government of India, Department of Military Affairs. He will assume charge after the current CDS, General Anil…
Former Army Chief General Manoj Mukund Naravane (Retd) released a non-fiction book titled The Curious and the Classified: Unearthing Military Myths and Mysteries. The book is published by Rupa Publications and explores…
Suraj Hegde passed away in Bengaluru after suffering a cardiac arrest at around 55 years of age. He served as the secretary of the All India Congress Committee (AICC).
