Directorate General of Foreign Trade (DGFT) Authorises Banks to Import Gold and Silver
[Directorate General of Foreign Trade (DGFT)]
Key Updates:
- The Directorate General of Foreign Trade (DGFT) has authorised 15 banks to import both gold and silver and two banks to import only gold for a period of three years.
- The authorisation is effective from April 1, 2026, and remains valid until March 31, 2029.
- The Reserve Bank of India (RBI) issued the list of nominated banks on April 6.
- Banks authorised to import both gold and silver include Axis Bank, Bank of India, Federal Bank, HDFC Bank, Industrial and Commercial Bank of China, Deutsche Bank, Indian Overseas Bank, and Punjab National Bank.
- Union Bank of India and Sberbank are authorised to import only gold.
- Due to a delay in the notification, more than 5 metric tonnes of gold and around 8 metric tonnes of silver were stalled for customs clearance.
Similar Coverage
- The Bureau of Indian Standards (BIS) has expanded mandatory gold hallmarking to seven additional districts under the sixth phase of implementation.
- The newly added districts include Rupnagar (Punjab), Banda (Uttar Pradesh), Beed (Maharashtra), Gomati (Tripura), Katihar (Bihar), Beawar (Rajasthan), and Neemuch (Madhya Pradesh).
- With this expansion, the total number of districts covered under the mandatory hallmarking regime in India has reached 380.
- Mandatory hallmarking is applicable to gold jewellery and artefacts of 14, 18, 20, 22, 23, and 24 carats.
- The BIS launched the first phase of the programme on June 23, 2021, initially covering 256 districts.
- Subsequent roll-outs included Phase 2 (April 2022) with 32 districts, Phase 3 (September 2023) with 55 districts, Phase 4 (November 2024) with 18 districts, and Phase 5 (July 2025) with 12 districts.
- As of March 5, a total of 60 crore gold items have been hallmarked to ensure consumer protection and certify gold purity.
- India's foreign exchange reserves rose by $9.06 billion to $697.12 billion during the week ended 3 April 2026, ending four consecutive weeks of decline.
- Gold reserves surged by $7.22 billion during the reported week.
- Foreign currency assets increased by $1.78 billion to $552.85 billion in the same period.
- Gold prices climbed 4.06% to $4,676 per ounce during the week.
- Foreign exchange reserves expanded by $22.72 billion during the previous financial year.
- Special Drawing Rights grew by $58 million to $18.7 billion.
- India's reserve position with the International Monetary Fund (IMF) remained unchanged at $4.82 billion.
- The Controller General of Accounts (CGA) launched the Government Bank Dashboard and the Government Bank Manual on 27 February 2026.
- The Dashboard and Manual aim to strengthen compliance, reduce risk and enhance accountability in banks handling government business.
- Real-time digital monitoring under the initiative will enable proactive oversight and performance management of government banking transactions.
- The Reserve Bank of India (RBI) issued operational guidance for the implementation of the Government of India’s Interest Subvention Scheme for pre- and post-shipment export credit.
- The scheme is introduced on a pilot basis under the Export Promotion Mission (EPM) – Niryat Prothsahan.
- The RBI directed all scheduled commercial banks (excluding regional rural banks), primary urban co-operative banks, state co-operative banks, and all-India financial institutions to extend the interest subvention.
- Lending institutions must adhere to operational instructions issued by the Directorate General of Foreign Trade (DGFT) through Trade Notices dated January 2, 2026, and January 16, 2026.
- The scheme aims to support exporters by reducing the interest burden on eligible export credit.
- The RBI circular, dated January 19, 2026, emphasizes that claims must be submitted according to prescribed procedures and existing regulatory instructions.
AU Small Finance Bank (AU SFB) and CheQ launch LED-powered co-branded credit card
[CheQ, AU Small Finance Bank (AU SFB)]
Key Updates:
- AU Small Finance Bank (AU SFB) and CheQ have launched a co-branded credit card featuring an LED-powered tap-to-pay indicator.
- The LED feature is powered by the Near Field Communication (NFC) field of the point-of-sale terminal and does not require a battery.
- Applications for the card open on the CheQ app from April 28.
- The card operates on both Visa and RuPay networks to support global acceptance and Unified Payments Interface (UPI) transactions.
- The reward structure includes 12% rewards on e-commerce and bill payments, 5% on everyday spending, 2.5% on UPI transactions via RuPay, and 1% on other spends.
- The card has an annual fee of ₹499, which is waived on annual spends of ₹3 lakh.
- The LED variant carries a one-time fee of ₹999, which is waived until May 31.
- Cardholders receive a complimentary EazyDiner membership as a welcome benefit.
Similar Coverage
- PayU and GoKwik have entered into a strategic partnership to launch India's first Integrated Conversion-to-Completion stack specifically for the Direct-to-Consumer (D2C) sector.
- The collaboration combines GoKwik's conversion intelligence with the payments infrastructure of PayU to address revenue leakage caused by checkout drop-offs and payment failures.
- PayU is a fintech platform regulated by the Reserve Bank of India (RBI) that empowers over 4.5 lakh businesses and supports more than 100 online payment methods.
- GoKwik is an e-commerce enablement platform that serves over 15,000 brands and maintains a network of more than 200 million shoppers.
- The integrated solution aims to simplify the commerce stack for digital-first Indian brands by improving transaction success rates and reducing operational complexity.
- HDFC Bank and Visa have introduced a co-branded, limited‑edition FIFA World Cup 2026‑themed Pixel credit card.
- The card is issued on the Visa network and is positioned as a digital‑first offering with instant issuance, app‑based access and customisation options.
- It is available to both existing and new users of the bank’s Pixel Play platform.
- The partnership also covers the bank’s debit, business and forex prepaid cards, allowing eligible customers to join a “spend and win” campaign.
- Rewards under the campaign include FIFA World Cup 2026 match tickets, themed travel packages, merchandise and vouchers.
- The launch was announced at an event in Mumbai attended by former England footballer Michael Owen.
- Ashish Parthasarthy, group head for payments and related businesses at HDFC Bank, said the collaboration aims to combine digital payments with sports engagement for cardholders.
- Rishi Chhabra, country manager for Visa India, said the initiative leverages Visa’s global association with FIFA to offer event‑linked experiences through everyday transactions.
- Swiggy and HDFC Bank introduced Swiggy BLCK HDFC Bank Credit Card and Swiggy Ornge HDFC Bank Credit Card.
- Both cards target food delivery, quick commerce, travel, and online shopping users.
- Cardholders can earn up to ₹48,000 in annual savings through cashback and partner discounts.
- The cards amplify 5% cashback earnings across various partner merchants alongside Swiggy cashback.
- Rewards ecosystem covers over 30 online platforms including Amazon, Flipkart, Myntra, Cleartrip, and Nykaa.
- Existing Swiggy HDFC Bank Credit Card holders launched in 2023 continue to receive cashback benefits.
- Applications for the new cards will be accepted via the Swiggy app and HDFC Bank digital channels in a phased rollout.
- Punjab National Bank (PNB) has launched its LUXURA Metal Credit Card on the Visa Infinite platform, expanding its premium credit card portfolio and increasing the card’s global acceptance.
- The LUXURA Metal Credit Card is now available on both RuPay and Visa networks, allowing wider international usability for cardholders.
- The card provides 4 reward points for every ₹100 spent, with higher rewards for travel and dining purchases.
- Customers are eligible for bonus reward points upon reaching specified annual spending thresholds.
- The card includes zero foreign currency mark-up on international transactions and complimentary access to domestic and international airport lounges.
- Cardholders can access benefits under the Visa Luxury Hotel Collection, which may include complimentary breakfast, room upgrades, late check-out and food and beverage credits, subject to availability.
- Additional dining benefits are offered under the Visa Dine & Save programme at select restaurants.
- Travel-related benefits include discounts on flight and hotel bookings through third-party platforms such as Ixigo, Agoda, Expedia and Trip.com.
- The card provides lifestyle benefits such as movie ticket offers, grocery discounts, and a fuel surcharge waiver of up to ₹350 per billing cycle.
- PNB has integrated 24x7 Visa Concierge Services with the card, covering assistance for travel, dining, healthcare, entertainment and shopping.
- The joining fee for the PNB LUXURA Metal Credit Card is ₹4,999 plus GST, while the annual fee is ₹1,999 plus GST.
Reserve Bank of India (RBI) issues Master Direction on Facility for Exchange of Notes and Coins
[Reserve Bank of India (RBI)]
Key Updates:
- 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 exchange facilities to the public.
- The consolidated Master Direction aims to ensure uniform implementation by banks across the country by bringing all existing instructions into a single reference document.
- All previous circulars and master directions on the subject of note and coin exchange facilities stand withdrawn from the date of issuance.
Similar Coverage
- RBI announces indicative calendar for state market borrowings worth Rs 2,54,509 crore during April-June 2026.
- Nine pilot states—Andhra Pradesh, Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, Uttar Pradesh—adopt Benchmark Issuance Strategy (BIS).
- Pilot states to raise Rs 1,53,900 crore under BIS framework.
- Remaining states and Union Territories to borrow Rs 1,00,609 crore through traditional methods.
- RBI retains right to revise auction dates and amounts in consultation with states.
- The Reserve Bank of India (RBI) instructed banks to limit their net open exposure to the currency in the foreign exchange market to $100 million by the end of each day.
- The new cap must be complied with by April 10.
- Previously, banks could hold net open positions up to 25 per cent of their total capital.
- India’s forex reserves have fallen by over $30 billion, to $698.34 billion, since the West Asia conflict began.
- The RBI has used dollars from its forex kitty to stabilise the rupee, which breached 95-per-dollar.
- Reserve Bank of India (RBI) released the draft Directions on Foreign Exchange Dealings of Authorised Persons on Tuesday.
- The draft aims to ease reporting obligations and provide greater flexibility to Authorised Persons for hedging exposures, balance sheet management and market-making.
- The format for reporting net open position limits has been updated.
- Comments and feedback on the draft directions are invited by March 10, 2026.
- The sixth edition of Digital Payments Awareness Week (DPAW) is being observed during March 9-13, 2026.
- RBI Governor Shri Sanjay Malhotra launched the pilot program titled 'Awareness Program on Digital Payments'.
- The pilot will be conducted in Maharashtra in partnership with CSC e-Governance Services India Limited.
- The pilot will include in-person awareness programs for 10 lakh participants in rural and semi-urban areas through Village Level Entrepreneurs (VLEs).
- RBI also launched a multi-media awareness campaign 'Thoda Dhyan Se' to encourage users to be careful while making payments and transacting online.
- Governor Shri Sanjay Malhotra interacted with Managing Directors/Chief Executive Officers of select Payment Systems Operators (PSOs) after the launch.
- Deputy Governors Shri T Rabi Sankar, Dr Poonam Gupta, and Shri S C Murmu attended the launch event.
Women's quota law comes into effect in UTs of Jammu and Kashmir and Puducherry
[Jammu and Kashmir, Puducherry]
Key Updates:
- The Ministry of Home Affairs (MHA) notified April 17, 2026, as the date from which women's quota provisions for the Union Territories (UT) of Jammu and Kashmir and Puducherry will come into force.
- The Constitution (One Hundred and Sixth Amendment) Act, 2023, providing one-third seats reservation for women in the House of the People, legislative assemblies of all states, and the UT of Delhi, came into effect on April 16, 2026.
- Reservation for women in the legislative assemblies of Puducherry was enacted via the Govt of Union Territories (Amendment) Act, 2023, and for Jammu and Kashmir via the Jammu and Kashmir Reorganisation (Second Amendment) Act.
- The women's reservation will become operative after the first delimitation based on Census 2027, which is scheduled to take place from April 1, 2026, to March 1, 2027.
Similar Coverage
- The Government of India decided to drop the Delimitation Bill 2026 after the Constitution (131st Amendment) Bill 2026 failed to pass in the Lok Sabha.
- The Constitution (131st Amendment) Bill, which proposed 33% reservation for women in Parliament and state assemblies, secured 278 votes in favour and 211 against, falling short of the required two-thirds majority.
- Parliamentary Affairs Minister Kiren Rijiju stated that the delimitation exercise was interconnected with the women’s reservation amendment and the proposed extension of the quota to Union Territories (UTs).
- The delimitation exercise, mandated under Articles 82 and 170 of the Constitution of India, involves redrawing parliamentary and assembly constituencies based on census data.
- Under the shelved proposal, most states were expected to see a 50% increase in seat allocation, while Sikkim, Nagaland, and Mizoram would have seen no increase in parliamentary seats.
- The legislation also included a proposal for a marginal rise in representation for Scheduled Castes (SC) in the Lok Sabha.
- The Karnataka government issued notifications on 12 November 2025 and 20 November 2025 providing women employees with one day of paid menstrual leave each month.
- The Karnataka Menstrual Leave and Hygiene Bill, 2025 proposes monthly paid menstrual leave for women in both government offices and private establishments and a 2 per cent attendance relaxation for girl students in government and private educational institutions.
- The Karnataka High Court directed the state government to ensure effective operationalisation of the menstrual leave policy through suitable guidelines, circulars and administrative instructions across organised and unorganised sectors.
- The petition prompting the court's direction was filed by Chandravva Hanamant Gokavi, a hotel worker from Belgavi.
- The court observed that the policy is intrinsically linked to the realisation of a fundamental right and the constitutional promise of equality.
- The Constitution (One Hundred and Thirty-First Amendment) Bill, 2026 proposes to increase the total strength of the Lok Sabha from the current 545 to 850 members.
- The Delimitation Bill, 2026 provides for a Delimitation Commission headed by a Supreme Court judge, with the Chief Election Commissioner (CEC) and State Election Commissioners (SECs) as members.
- The Union Territories Laws (Amendment) Bill, 2026 makes changes to the laws for Delhi, Jammu and Kashmir, and Puducherry.
- The amendment removes the constitutional freeze on readjustment of Lok Sabha seats that was based on the 1971 Census and allows delimitation based on the latest published census figures.
- One-third reservation for women in the Lok Sabha and state assemblies, including within SC and ST quotas, will be operationalised, with seats to be rotated after each delimitation cycle for a period of 15 years.
- The amendment raises the cap on elected members from states to 815 and from Union Territories to 35.
- The Delimitation Commission will allocate seats, redraw constituency boundaries, and determine reservations for Scheduled Castes (SCs), Scheduled Tribes (STs), and women, ensuring constituencies are geographically compact and consider physical features, administrative boundaries, communication facilities, and public convenience.
- The Chhattisgarh government approved the proposal to implement the Uniform Civil Code (UCC) to ensure legal uniformity and empowerment of women.
- A high-level committee headed by retired Justice Ranjana Prakash Desai has been constituted to prepare the draft framework for the UCC.
- The UCC seeks to replace religion-based personal laws governing marriage, divorce, inheritance, and family matters with a simplified legal structure.
- The state cabinet announced a 50 percent concession in property registration fees for assets registered in the name of women.
- The property registration fee concession is estimated to result in a revenue impact of approximately ₹153 crore to the state exchequer.
- Uttarakhand was the first state to implement the UCC in 2024-25, while Goa follows the Portuguese Civil Code of 1867.
- The UCC committee will consult citizens, legal experts, and stakeholders before placing the draft bill before the state Assembly.
IndiaAI Startups Global Acceleration Programme (ISG) selects 10 startups for Paris residency
[Ministry of Electronics and Information Technology (MeitY)]
Key Updates:
- The Ministry of Electronics and Information Technology (MeitY) announced the selection of 10 startups for the second cohort of the IndiaAI Startups Global Acceleration Programme (ISG).
- The ISG is developed in collaboration with HEC Paris and Station F, Paris, which is the world's largest startup campus.
- The programme is a component of the IndiaAI Mission's Startup Financing Pillar and aligns with the National AI Strategy.
- Selected startups will undergo a three-week online preparatory phase followed by a three-month immersive residency at Station F in Paris.
- The 10 selected startups are: AI Health Highway India Pvt Ltd (AI-enabled smart stethoscope), Awiros (Vision AI platform), Cognecto (AI-driven infrastructure intelligence), Flaunt (Multimodal AI agents for beauty, fashion, and digital marketing), GreenFi.ai/Climateforce Technologies Pvt Ltd (ESG compliance and risk management), Infiheal Healthtech Pvt Ltd (AI mental health companion 'Healo'), InLustro Learning Pvt Ltd (AI-powered job simulation platform), PredCo (AI compliance for manufacturing), SkyServe/Hyspace Technologies Pvt Ltd (AI infrastructure for Earth and space monitoring), and TestAIng Solutions Pvt Ltd (QA and compliance for responsible AI).
Similar Coverage
- The Department for Promotion of Industry and Internal Trade (DPIIT) recognised more than 55,200 startups in FY26, representing a 51.6% increase over the previous year.
- Direct job creation by startups grew by 36.1% in FY26, marking the highest single-year growth since the launch of the Startup India initiative in 2016.
- The total number of recognised startups reached 2.23 lakh as of March 31, 2026, generating more than 23.36 lakh direct jobs.
- Approximately 48% of these startups, amounting to over 1.07 lakh entities, have at least one woman director or partner.
- Under the Fund of Funds for Startups (FFS), more than ₹7,000 crore was disbursed to over 135 Alternative Investment Funds (AIFs) in FY26.
- The Credit Guarantee Scheme for Startups (CGSS) doubled its guarantee cover per borrower to ₹20 crore, with over 410 loans worth ₹1,250 crore guaranteed by the end of FY26.
- The Startup India Seed Fund Scheme (SISFS) committed its entire corpus of ₹945 crore to 219 selected incubators, which approved ₹605 crore for over 3,400 startups.
- Patent applications filed by startups exceeded 19,400, with annual filings rising from 2,850 in FY25 to more than 4,480 in FY26.
- The Ministry of Commerce and Industry (MOCI) notified the Startup India Fund of Funds 2.0 (FoF 2.0) with an outlay of Rs 10,000 crore.
- The scheme aims to mobilise venture and growth capital for deep‑tech startups, early‑growth‑stage companies and technology‑driven manufacturing enterprises.
- The corpus will be contributed to SEBI‑registered alternative investment funds (AIFs) for investing in equity and equity‑linked instruments of entities recognised as startups by the central government.
- The Department for Promotion of Industry and Internal Trade (DPIIT) will issue operational guidelines and a committee chaired by the DPIIT secretary will monitor implementation.
- Gujarat Chief Minister Bhupendra Patel launched the fifth edition of the herSTART programme run by the Gujarat University Startup and Entrepreneurship Council.
- The herSTART programme provides incubation, mentorship and market access support to women-led startups.
- CM Patel announced that the number of startups in India has risen from fewer than 500 about a decade ago to nearly 2,00,000, with women accounting for a substantial share of participation.
- He highlighted that opportunities are expanding for women in the semiconductor sector, including chip design, fabrication management, semiconductor packaging and deep-technology innovation.
- The Chief Minister inaugurated a newly built research park at Gujarat University and named the university's convention centre as Vidyagauri Nilkanth Sabhapuram.
- Department for Promotion of Industry and Internal Trade (DPIIT) notified revised norms expanding Startup India eligibility.
- General startups now recognised up to 10 years from incorporation with annual turnover not exceeding ₹200 crore.
- Deep-tech startups eligible for 20 years from incorporation with turnover cap raised to ₹300 crore.
- Multi-state and state-registered cooperative societies included as eligible entities under the framework.
- Entity formed by splitting or reconstruction of an existing business cannot qualify as a startup.
- Deep-tech startup must focus on new scientific or engineering knowledge, incur high R&D expenditure, and create significant novel intellectual property.
- Recognised startups gain access to government funding schemes, tax exemptions and regulatory relief.
- India has recognised more than 200,000 startups since Startup India launch in 2016.
Ministry of Micro, Small and Medium Enterprises signs MoU with NICDC Logistics Data Services to boost data-driven logistics
[Ministry of Micro, Small and Medium Enterprises (MoMSME), National Logistics Development and Services Limited (NLDSL)]
Key Updates:
- The Ministry of Micro, Small and Medium Enterprises (MSME) signed a memorandum of understanding (MoU) with NICDC Logistics Data Services Limited (NLDS) to strengthen a data-driven logistics ecosystem for MSMEs.
- The collaboration aims to create a digital framework for seamless data exchange through API-based integration to improve policymaking and supply chain efficiency.
- NLDS operates under the guidance of the National Industrial Corridor Development and Implementation Trust.
- The MoU was signed by Anuja Bapat, Deputy Director General at the Office of the Development Commissioner (MSME), and Arvind Devaraj, Chief Operating Officer of NLDS.
- The initiative aims to help MSMEs gain access to logistics insights, reduce inefficiencies, optimise costs, and enhance competitiveness in domestic and global markets.
Similar Coverage
- The Ministry of Labour & Employment (MoLE) signed MoUs with Porter and Gigin Technologies on 13 April 2026 to expand employment opportunities through the NCS portal.
- Over 7 lakh vacancies are currently active on the NCS portal and nearly 59 lakh establishments have registered.
- The NCS portal has registered over 6 crore jobseekers and mobilised more than 9 crore vacancies since its inception.
- Porter aims to generate approximately 6 lakh logistics and driving opportunities annually via NCS and around 30 lakh opportunities by 2030.
- Gigin Technologies aims to create at least 2–3 lakh verified job opportunities annually with over 1.5 lakh employer engagements through NCS.
- The collaborations are expected to mobilise nearly 10 lakh job opportunities annually for youth.
- Budget outlay: Not specified in the article.
- Launch date of the MoUs: 13 April 2026.
- Target beneficiaries are youth and jobseekers registered on the NCS portal.
- TVS Supply Chain Solutions (TVS SCS) signed an MoU with Italy-based ALA Group to jointly pursue opportunities in India’s aerospace and defence supply chain sector.
- India’s aerospace and defence market is estimated at around $28 billion.
- TVS SCS will leverage its domestic presence and UK defence experience; its aerospace, defence and utilities business generates approximately $140 million in annual revenue.
- ALA Group reported revenues of $345 million in 2024 and will contribute aerospace and defence domain expertise, global technology platforms and OEM relationships across Europe, the US and the UK.
- The partnership will focus on integrated production and aftermarket services including production support, spare parts distribution, inventory optimisation, defence-grade logistics, logistics engineering, and MRO support.
- Kempegowda International Airport operated by Bangalore International Airport Limited (BIAL) signed an MoU with Frankfurt Airport on Wednesday to enhance cargo connectivity between South India and Europe.
- The collaboration focuses on joint trade lane analytics, digital corridor development, pharma integrity standards, and knowledge exchange to improve visibility and reduce dwell times.
- Frankfurt Airport is one of Europe's most connected cargo hubs and serves as a key gateway for the partnership.
- BLR Airport serves one of India's fastest-growing manufacturing and export regions.
- The partnership aligns with Frankfurt Cargo Hub Masterplan and aims to create optimal conditions for customers and the cargo community.
- GeM and MVIRDC World Trade Centre Mumbai signed an MoU to foster domestic and international collaboration in public procurement.
- The MoU aims to enhance GeM’s global positioning, promote knowledge exchange, and drive inclusive participation for MSMEs, startups, women entrepreneurs, and underrepresented suppliers.
- Joint initiatives include global procurement dialogues, capacity-building programs, supplier outreach, and research on AI in procurement, sustainability, and green practices.
- A Joint Working Group will oversee implementation, ensuring alignment with Government of India policies on public procurement, data security, and inclusivity.
Divya Bharat: A Window to the Soul of India launched to strengthen India’s tourism ecosystem
[National Institution for Transforming India (NITI) Aayog]
Key Updates:
- National Institution for Transforming India (NITI Aayog) launched the anthology titled "Divya Bharat: A Window to the Soul of India" on 17 April 2026.
- The initiative aims to inspire citizens and global travellers to explore India's diverse tourism landscape through a structured and immersive approach.
- The anthology presents tourism offerings through a seasonal lens, covering iconic landmarks, heritage sites, cultural traditions, festivals, cuisines, and lesser-known destinations across all States and Union Territories.
- The launch was a collaborative effort involving NITI Aayog, the Ministry of Tourism, and the Ministry of Culture.
- Industry and academic partners participating in the launch included Airbnb, Atithi Foundation, Indian School of Public Policy (ISPP), Indian Institute of Tourism and Travel Management (IITTM), and Internet and Mobile Association of India (IAMAI).
Similar Coverage
- The reports titled “Ease of Doing Research & Development in India” and “Survey Report on Ease of Doing R&D in India” were released on 9 April 2026 in New Delhi.
- The release was officiated by Shri Suman Bery, Vice Chairman, NITI Aayog, and Dr. Jitendra Singh, Minister of State (Independent Charge), Ministry of Science & Technology (MoST).
- The exercise leading to the reports spanned approximately nine months and involved outreach to over 400 institutional leaders and insights from more than 850 distinguished scientists and researchers across the country.
- The event featured senior officials including Dr. V. K. Saraswat, Member, NITI Aayog; Prof. Vivek Kumar Singh, Senior Adviser, NITI Aayog; Prof. Ashutosh Sharma, Former President, Indian National Science Academy (INSA); Prof. Vinod Kumar Singh, President, National Academy of Sciences, India (NASI); Dr. Shekhar C. Mande, President, INSA; and Prof. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India.
- The reports propose actionable recommendations to improve funding mechanisms, institutional governance, regulatory frameworks, and research translation in India’s R&D ecosystem.
- Ministry of Culture (MoC) will conduct a three-month nationwide survey from Monday to map India’s manuscript heritage.
- Survey teams will identify manuscripts in institutions, private collections and with individual custodians starting at district level.
- Discovered manuscripts will be geotagged and uploaded in real time through the Gyan Bharatam mobile application.
- The mission aims to create a consolidated database and national digital repository on the Gyan Bharatam Mission central portal.
- Prime Minister Narendra Modi announced the Gyan Bharatam Mission in the Union Budget 2025–26 and described it as the proclamation of India's culture, literature and consciousness.
- State and district-level committees chaired by chief secretaries and district magistrates have been set up to oversee the survey.
- Existing digitised collections exceeding one million manuscripts held by institutions and state governments will be integrated into the central platform.
- On 5 March 2026 India held tourism talks with Indonesia and Germany at ITB Berlin 2026 led by Union Tourism Minister Gajendra Singh Shekhawat.
- Discussions covered increased tourism flows, air connectivity, sustainable travel and people-to-people ties.
- Shekhawat met UNWTO’s Shaikha Al Nowais to explore sustainable tourism models.
- India launched a 700 sq m Incredible India Pavilion featuring 37 companies and six states showcasing heritage, culture, wellness and wildlife.
- The Ministry of Tourism announced a Netflix partnership to promote Indian destinations through cinematic storytelling and new tourism films.
- The government reiterated its goal to raise tourism’s GDP share from 6% to 10%, emphasised during the 33rd South Asia Travel and Tourism Exchange in New Delhi that gathered over 2,000 exhibitors.
- Ministry of Culture (MoC) Secretary Vivek Aggarwal launched the upgraded Indian Culture portal in New Delhi on 06-03-2026.
- The portal features an AI-powered chatbot named 'Bharti' integrated with the Government of India's Bhashini platform to respond in 22 Indian languages.
- It offers 46 curated cultural categories and new sections such as Iconic Battles of India, Folktales of India, Healing Through the Ages, Legendary Figures of India, and Classical Dances of India.
- The upgraded portal functions as a Progressive Web App (PWA) enabling app-like access across devices without app store downloads.
- It includes 3D walkthroughs and 360-degree virtual tours of heritage monuments and interactive cultural games, quizzes, puzzles, and crosswords for all age groups.
National Aeronautics and Space Administration (NASA) and SpaceX to launch European Space Agency (ESA) Rosalind Franklin Mars rover
[Space Exploration Technologies Corp. (SpaceX)]
Key Updates:
- The National Aeronautics and Space Administration (NASA) confirmed that SpaceX will launch the European Space Agency (ESA) Rosalind Franklin Mars rover as soon as late 2028.
- The mission will be launched using a Falcon Heavy rocket from the Kennedy Space Center in Florida.
- The Rosalind Franklin rover is expected to reach Mars in 2030.
- The mission will be the first to extract and analyse soil samples from as deep as 6 feet (2 metres) into the Martian crust.
- The rover features novel mobility capabilities, including six-wheel steering and wheel walking.
- NASA is providing a mass spectrometer to analyse Martian soil, braking engines for landing, and nuclear-powered heaters for the electronics.
- The rover was built by Airbus in the United Kingdom, the carrier spacecraft was manufactured by OHB in Germany, and Thales Alenia Space of Italy is responsible for the overall assembly.
Similar Coverage
- National Aeronautics and Space Administration (NASA) has selected the SpaceX Falcon Heavy rocket to launch the European Space Agency (ESA) Rosalind Franklin rover mission to Mars.
- The launch is scheduled for late 2028 under the Rosalind Franklin Support and Augmentation (ROSA) project.
- The launch contract is valued at $175.7 million, which includes the launch service and other mission-related costs.
- NASA is providing braking engines, electronics, a mass spectrometer, and Radioisotope Heater Units (RHUs) that use the decay of plutonium to generate heat for the rover.
- The mission was restructured after ESA ended cooperation with Russia, which was originally providing the Proton launch vehicle and landing stage.
- SpaceX is scheduled to launch a Falcon 9 rocket carrying 25 Starlink satellites into low Earth orbit from Space Launch Complex 4 East at Vandenberg Space Force Base, California.
- According to Indian Standard Time (IST), the launch window is scheduled from 20:47 on February 2, 2026, to 00:47 on February 3, 2026.
- The mission will utilise a first-stage booster that has already flown 30 times, marking its 31st flight as part of the company’s reusability programme.
- Following stage separation, the first stage is planned to perform a controlled landing on the Pacific Ocean-based droneship named Of Course I Still Love You.
- The Falcon 9 is a two-stage reusable rocket whose first stage is propelled by nine Merlin engines using liquid oxygen and rocket-grade paraffin as fuel.
- Elon Musk announced the Terafab manufacturing facility near Austin, Texas to produce AI, robotics and data-centre chips.
- Terafab targets one terawatt of computing power per year, equivalent to slightly less than total US power generation capacity.
- Tesla and SpaceX will jointly run Terafab; Musk cited no initial investment figure, though earlier US media reports estimate $20-25 billion.
- The facility will design, manufacture, test and refine chips on-site, aiming for 100-200 gigawatts on Earth and one terawatt in space.
- Musk said global suppliers Samsung, TSMC and Micron cannot expand fast enough to meet Tesla and SpaceX demand.
- Amit Kshatriya became NASA’s Associate Administrator, the agency’s highest-ranking civil servant, in September 2025.
- He serves as senior advisor to NASA Administrator Jared Isaacman and leads ten centre directors and mission directorate heads at NASA Headquarters in Washington.
- Kshatriya previously held the role of Deputy Associate Administrator for the Moon-to-Mars Program at NASA.
- He was awarded the NASA Outstanding Leadership Medal for his work as lead flight director during the International Space Station’s 50th expedition.
- He received the Silver Snoopy award for his performance as lead robotics officer during the Commercial Orbital Transportation Services Dragon demonstration mission.
Herbalife India and IIT Madras Establish India's First Centre of Excellence on Plant Cell Fermentation
[Herbalife, Indian Institute of Technology Madras (IIT Madras)]
Key Updates:
- Herbalife International India Private Limited (Herbalife India) and the Indian Institute of Technology Madras (IIT Madras) signed an agreement to establish the Herbalife-IIT Madras Centre of Excellence (CoE) on Plant Cell Fermentation Technology.
- The CoE is located at the IIT Madras Research Park and is India's first exclusive facility dedicated to translational research and development (R&D) on plant cell-based fermentation.
- The initiative is part of Phase 2 of the collaboration between Herbalife India and IIT Madras and is funded through the Corporate Social Responsibility (CSR) programme of Herbalife India.
- The centre focuses on the sustainable and scalable production of herbal biomass, enriched herbal extracts, and high-value phytochemicals for applications in human health and wellness.
- The CoE is expected to commence its operations from June 2026.
Similar Coverage
- Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh launched the BIRAC-BioNEST Incubation Centre on the CSIR-Central Food Technological Research Institute (CFTRI) campus.
- The Biotechnology Industry Research Assistance Council (BIRAC) supported the initiative under the Department of Biotechnology, Government of India.
- The facility nurtures entrepreneurial talent in food bioprocessing and biotechnology research and supports advanced research, scale-up, and efficacy studies.
- CSIR-CFTRI’s incubation ecosystem has supported 26 start-ups, including 12 physical incubatees, 11 hybrid incubatees, and three graduated ventures.
- Incubated companies have filed 12 patents so far and operate in domains such as CRISPR technology, nutraceuticals, precision fermentation, probiotics and postbiotics, and botanicals.
- The Indian Army has shown interest in the incubated innovations during high-profile visits in 2025 and 2026.
- A hostel facility for farmers, FPOs, SHGs, cluster representatives, and other training participants will be built under the Rashtriya Krishi Vikas Yojana (RKVY) and will include a 50-seat classroom, twin-sharing accommodation, kitchen, dining, and other amenities.
- The Minister performed the bhoomi puja for the hostel facility on the M.G. Halli campus during his visit.
- CSIR-CFTRI conducts nearly 30-35 training programmes every year and the hostel is expected to be ready in a year to strengthen skill development initiatives aligned with the government’s ‘Skill India’ programme in food processing.
- India Pharma 2026, 9th edition, will be held on 13-14 April at Federation House, New Delhi.
- Department of Pharmaceuticals (DoP), Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Pharmaceutical Alliance (IPA) are jointly organising the event.
- Theme of the conference is “Discover in India: Leapfrogging Life-Sciences Innovation”.
- Event will focus on drug discovery, complex generics and biosimilars to shift sector from volume-based to value-led growth.
- FICCI, established in 1927, represents over 2.5 lakh companies across sectors.
- India Pharma 2026 will be held on 13-14 April at Federation House, New Delhi.
- The 9th edition is organised by the Department of Pharmaceuticals (DoP), Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Pharmaceutical Alliance (IPA).
- Theme of the event is 'Discover in India: Leapfrogging Life-Sciences Innovation'.
- Conference will focus on drug discovery, complex generics and biosimilars.
- FICCI, established in 1927, represents over 2.5 lakh companies across sectors.
- Union Minister for Food Processing Industries (MoFPI) Chirag Paswan inaugurated a Common Incubation Centre at Tezpur University in the Sonitpur district of Assam on 13 March 2026.
- The facility was established with a total outlay of ₹2.35 crore, funded through 100% financial assistance from the MoFPI.
- The centre is launched under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme, which operates under the Aatmanirbhar Bharat Abhiyan.
- The project aims to support micro food processing enterprises, Self-Help Groups (SHGs), Farmer Producer Organisations (FPOs), cooperatives, and start-ups.
- The incubation hub includes seven specialised processing lines for fruits, grains, spices, bakery products, confectionery, packaging, and quality testing.
- The facility is designed to serve entrepreneurs in the Assam districts of Sonitpur, Darrang, Udalguri, Biswanath, Nagaon, and Golaghat.
- According to the MoFPI, more than 1.87 lakh micro food processing enterprises have received loan approvals nationwide under the PMFME Scheme.