Reserve Bank of India (RBI) slaps ₹61.95 lakh fine on Kotak Mahindra Bank.
[Reserve Bank of India (RBI)]
Key Updates:
- RBI imposed the penalty for non-compliance with norms on Basic Savings Bank Deposit (BSBD) account, business correspondents, and credit information companies.
- Kotak Mahindra Bank opened additional BSBD accounts for customers who already held such accounts.
- The bank engaged business correspondents for activities outside the permitted scope.
- The lender furnished inaccurate borrower information to credit information companies.
Similar / Past Coverage
- The Reserve Bank of India (RBI) imposed a fine of Rs 99.30 lakh on Jammu and Kashmir Bank.
- The penalty was for failing to comply with directions regarding grievance handling, customer communication, KYC verification, and the transfer of unclaimed deposits.
- The fines were based on the statutory inspection of the bank's financial position as of March 2024.
- The inspection found that certain complaints were not escalated to the Internal Ombudsman.
- The bank did not send final resolution letters to customers after closing complaints.
- The bank was not using face-verification technology for video-based customer identification.
- The bank was not verifying customers' financial information furnished at the time of onboarding.
- There was a delay in the transfer of eligible unclaimed deposits to the Depositor Education and Awareness Fund.
- The Reserve Bank of India (RBI) imposed a penalty of Rs 91 lakh on HDFC Bank.
- The penalty was for violating certain provisions of the Banking Regulation Act and non-compliance with certain directions.
- Deficiencies included those related to Know Your Customer (KYC) requirements.
- Non-compliance also pertained to ‘Interest Rate on Advances’ and ‘Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’.
- A Statutory Inspection for Supervisory Evaluation of HDFC Bank was conducted with reference to its financial position as on March 31, 2024.
- HDFC Bank adopted multiple benchmarks within the same loan category.
- HDFC Bank outsourced the function of determining compliance with KYC norms of certain customers to its outsourcing agents.
- A wholly-owned subsidiary of HDFC Bank undertook business not permissible under Section 6 of the Banking Regulation (BR) Act.
- The Reserve Bank of India (RBI) imposed monetary penalties on three cooperative banks for non-compliance with various regulatory norms.
- By orders dated November 6, 2025, the RBI imposed a penalty of Rs 2 lakh on The Mumbai District Central Co-operative Bank Ltd., Maharashtra, for contravention of Section 20 of the Banking Regulation Act, 1949.
- The Karaikudi Co-operative Town Bank Ltd., Tamil Nadu, faced a penalty of Rs 1.5 lakh for non-compliance with RBI directions on ‘Prudential Norms on Capital Adequacy – Primary (Urban) Co-operative Banks (UCBs)’ and ‘Know Your Customer (KYC)’ guidelines.
- The District Co-operative Central Bank Ltd., Eluru, Andhra Pradesh, was fined Rs 50,000 for violations related to KYC norms.
- The penalty on the District Co-operative Central Bank Ltd., Eluru, Andhra Pradesh, was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
Asian Development Bank (ADB) commits USD 4.26 billion sovereign lending to India in 2025
[Asian Development Bank (ADB)]
Key Updates:
- ADB committed USD 4.258 billion in sovereign lending to India in 2025.
- Nearly 32 per cent of ADB's 16 newly committed projects focus on the human and social development sector.
- 26 per cent of the projects are in the energy sector, primarily advancing renewable energy.
- Over 18 per cent of the projects are in urban development.
- USD 846 million financing is allocated for PM-SETU, India's flagship skilling programme.
- USD 650 million is provided to support PM Surya Ghar Muft Bijli Yojana for rooftop solar adoption.
- USD 775 million is committed for five urban projects in Assam, Kerala, Sikkim, and West Bengal.
- USD 729 million is committed to expand regional rapid rail in Delhi-Meerut and metro networks in Chennai and Indore.
- USD 460 million loan is provided to Maharashtra to modernise rural power infrastructure and improve solar electricity for irrigation.
- USD 398.8 million loan is provided to Assam to modernise its healthcare and medical education systems.
- Over USD 200 million in loans is provided to Meghalaya and Uttarakhand for ecotourism development.
Similar / Past Coverage
- The Government of India and the Asian Development Bank signed agreements for five loans totaling over $2.2 billion.
- Pradhan Mantri Skilling and Employability Transformation through Upgraded Industrial Training Institutes Programme receives $846 million.
- Accelerating Affordable and Inclusive Rooftop Solar Systems Development Programme Subprogramme 1 receives $650 million.
- Assam State Tertiary Health Care Augmentation Project ASTHA receives $398.8 million.
- Chennai Metro Rail Investment Project Tranche 2 receives $240 million.
- Integrated Ecotourism and Sustainable Agri-based Livelihood Development in Meghalaya Project receives $77 million.
- Asian Development Bank (ADB) raised India’s growth forecast for FY26 to 7.2 per cent from 6.5 per cent.
- The upgrade for India is 0.7 percentage points.
- ADB forecasts Asia to grow at 5.1 per cent in 2025, higher than its earlier projection of 4.8 per cent.
- The 2025 growth estimate for India has been revised to 7.2 per cent.
- India recorded GDP growth of 8.2 per cent in the second quarter ending September.
- India's GDP growth was 7.8 per cent in the first quarter, taking the growth rate for the first half of the financial year to 8 per cent.
- ADB kept its FY27 forecast unchanged at 6.5 per cent.
- ADB revised the inflation forecast for FY2026 down to 2.6 per cent from 3.1 per cent in September.
- Reserve Bank of India (RBI) increased its GDP growth estimate for the ongoing financial year to 7.3 per cent from 6.8 per cent.
- RBI places real GDP growth for the full year at 7.3 per cent.
- RBI projects Q3 growth at 7 per cent and Q4 at 6.5 per cent.
- ADB approved USD 240 million as the second tranche under the USD 780 million facility sanctioned in 2022 for Chennai Metro Expansion Phase 2.
- Chennai Metro Phase 2 spans 118.9 km across Lines 3 (45.8 km), 4 (26.1 km), and 5 (47 km).
- ADB sanctioned USD 108 million results-based loan to strengthen Mizoram’s public healthcare through the Mizoram Universal Health Care Scheme (MUHCS) offering Rs 5 lakh per family annually.
- ADB provided USD 100 million to Five-Star Business Finance Limited for MSME credit access to over 400,000 women borrowers via 700+ branches.
- The Asian Development Bank (ADB) approved a $400 million results-based lending (RBL) program.
- The program aims to improve road connectivity in Maharashtra.
- The upgrades cover nearly 350 kilometers of state highways and 2,577 kilometers of rural roads.
- The loan will improve road connectivity in 34 districts, particularly in the Marathwada and Vidarbha regions.
- Over 1.7 million people, including residents of at least 80 villages and around 410 rural communities, will benefit.
Reserve Bank of India (RBI) Approves Risk-Based Pricing for Deposit Insurance
[Reserve Bank of India (RBI)]
Key Updates:
- The central board of the Reserve Bank of India (RBI) has approved a proposal to transition to a risk-based pricing system for deposit insurance.
- The new model replaces the uniform premium currently charged to banks under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme.
- Under the existing flat-rate system, banks pay a premium of 12 paise for every Rs 100 of assessable deposits.
- The proposed framework will charge lower premia to banks with stronger capital adequacy, better asset quality, and sound governance, while weaker banks will pay higher rates.
- The DICGC, established under the DICGC Act, 1961, has operated the deposit insurance framework on a flat-rate basis since 1962.
- RBI Governor Sanjay Malhotra introduced the reform measures alongside the October monetary policy decision to help better-rated banks save significantly on premium costs.
Similar / Past Coverage
- The Reserve Bank of India (RBI) has issued the Urban Co-operative Banks – Licensing, Scheduling and Regulatory Classification Guidelines, 2025.
- The RBI stated that no fresh proposals for the organization of new UCBs or the conversion of cooperative credit societies into UCBs are being considered.
- A four-tiered regulatory framework has been adopted for UCBs based on deposit size as of March 31 of the preceding financial year.
- Tier 1 UCBs include all unit UCBs, salary earners’ UCBs, and other UCBs with deposits up to ₹100 crore.
- Tier 2 UCBs are defined as those with deposits of more than ₹100 crore and up to ₹1000 crore.
- Tier 3 UCBs consist of those with deposits of more than ₹1000 crore and up to ₹10,000 crore.
- Tier 4 UCBs include those with deposits exceeding ₹10,000 crore.
- UCBs transitioning to a higher Tier are allowed a glide path of up to two years to comply with higher regulatory requirements.
- To be included in the Second Schedule to the RBI Act, 1934, a UCB must maintain Tier 3 deposit levels for two consecutive years.
- UCBs seeking scheduling must maintain a Capital to Risk-Weighted Assets Ratio (CRAR) of at least three per cent more than the minimum requirement.
- The eligibility for scheduling also requires the absence of major regulatory and supervisory concerns based on the latest RBI inspection or audited financials.
- The Reserve Bank of India (RBI) released final guidelines on transaction account directions.
- The final guidelines removed restrictions on cash credit (CC) accounts.
- The revised rule permits any lending bank with more than 10% exposure to open a current or overdraft account for the borrower.
- In situations where no bank or only one bank meets this threshold, the two lenders with the largest exposure will be allowed to operate such accounts.
- The requirement to transfer funds from collection accounts to designated transaction accounts within two working days remains unchanged.
- The guidelines will come into effect from April 1.
- The Reserve Bank of India (RBI) imposed a fine of Rs 99.30 lakh on Jammu and Kashmir Bank.
- The penalty was for failing to comply with directions regarding grievance handling, customer communication, KYC verification, and the transfer of unclaimed deposits.
- The fines were based on the statutory inspection of the bank's financial position as of March 2024.
- The inspection found that certain complaints were not escalated to the Internal Ombudsman.
- The bank did not send final resolution letters to customers after closing complaints.
- The bank was not using face-verification technology for video-based customer identification.
- The bank was not verifying customers' financial information furnished at the time of onboarding.
- There was a delay in the transfer of eligible unclaimed deposits to the Depositor Education and Awareness Fund.
- The Reserve Bank of India (RBI) final guidelines allow banks and their group entities to continue overlapping lending activities, preventing restructuring for 12 large bank groups.
- The draft guidelines would have impacted 12 bank groups, accounting for ~55% of sectoral advances, and 2-6% of consolidated advances of individual banks.
- The final framework permits overlapping lending operations subject to board approval.
- Of the 26 bank group entities with lending operations, only two currently qualify as upper-layer Non-Banking Financial Companies (NBFCs).
- The remaining bank group entities must adopt upper-layer norms (excluding listing requirements) by March 31, 2028.
- The guidelines impose a 20% ceiling on a bank group’s shareholding in an Asset Reconstruction Company (ARC).
- There are currently 13 ARCs in which one or more banks hold stakes.
- In all but two of these ARCs, shareholding by any single bank is less than 20%.
- Banks with shareholding exceeding the 20% limit in ARCs will have to partially divest by March 2028.
Finance Ministry (FinMin) unveils common logo for 28 Regional Rural Banks.
[Finance Ministry (FinMin)]
Key Updates:
- The Department of Financial Services, Ministry of Finance, consolidated 26 Regional Rural Banks across 11 states/UTs under the 'One State One RRB' principle effective May 1, 2025.
- A new common logo introduced for the 28 Regional Rural Banks aims to create a single, unified brand identity nationwide.
- The logo's dark blue colour signifies finance and trust, while green signifies life and growth, reflecting the RRBs' mission to serve rural India.
- The branding initiative seeks to strengthen the identity and visibility of RRBs, symbolizing their collective commitment to financial inclusion and rural development.
Similar / Past Coverage
- The Ministry of Finance (MoF) unveiled a new logo for Regional Rural Banks (RRBs) to signify a single and unified brand identity.
- On the principle of 'One State One RRB', the Department of Financial Services (DFS), MoF, has consolidated 26 RRBs across 11 states/UTs, effective from May 1, 2025.
- The colours of the RRB logo have been chosen to convey the objectives of the RRBs, where dark blue signifies finance and trust, while green signifies life and growth, reflecting their mission to serve rural India.
- Presently, 28 RRBs continue to serve the nation through an extensive network of over 22,000 branches in more than 700 districts.
- This common branding initiative by the government is expected to give RRBs a distinct, modern and easily recognisable brand identity nationwide, symbolising their collective commitment to financial inclusion and rural development.
- Union Finance Minister Nirmala Sitharaman announced Amaravati will become India's first integrated Financial City, housing major financial institutions.
- Union Finance Minister Nirmala Sitharaman and Chief Minister Chandrababu Naidu laid the foundation for construction of nationalized banks and financial institutions in Amaravati.
- Reserve Bank of India (RBI) recently moved to a rented building in Vijayawada.
- Many banks are handling Andhra Pradesh’s operations from Hyderabad.
- Institutions that began construction activities in Amaravati include State Bank of India (SBI), Union Bank of India, Canara Bank, Bank of Baroda, Central Bank of India, Punjab National Bank (PNB), IDBI Bank, Indian Overseas Bank, Bank of India, Indian Bank, Andhra Pradesh Grameena Vikas Bank, AP Cooperative Bank, NABARD, LIC, and New India Assurance.
- The financial hub in Amaravati will generate direct employment for more than 6,500 people.
- Fifteen state-owned banks and insurance companies are setting up their headquarters in Amaravati.
- 25 crore people have been lifted out of poverty nationwide.
- The Centre is establishing training hubs in districts for Quantum Valley and AI-related projects.
- Fino Payments Bank becomes the first payments bank to receive RBI in-principle approval for conversion into a small finance bank.
- Post-conversion, Fino will be able to undertake on-balance sheet lending, a facility not permitted for payments banks.
- Payments banks are restricted to deploying deposits in government securities or bonds and earning fee income from payments and remittances services.
- Fino already offers third-party gold loans, housing loans, and loans against property as referral services and earns fees from these verticals.
- Only payments banks that have completed five years of operations and are resident-controlled are eligible for conversion into small finance banks.
- Entities promoted by corporates such as Airtel or Jio are not considered for such conversion.
- Sahakar Sarathi Private Limited is a shared-services technology platform designed to revolutionise India’s rural cooperative banking ecosystem.
- The platform unveiled 14 digital products including Sahakar Setu, digiKCC, ePACS, Cooperative Governance Index and the World’s Largest Grain Storage Plan Portal.
- Expert-as-a-Service modules launched under the platform are CISO Sarathi, Tax Sarathi, CBS Sarathi, Regulatory Compliance Sarathi and Shiksha Sarathi.
- Additional services include AI-driven Cross Sell Sarathi, Campaign Sarathi, unified Collections Sarathi call-centre service and bank.in migration support.
- NABARD–BCG report The Future of Rural Banking released, outlining a strategic roadmap to enhance rural credit and strengthen cooperative banking institutions.
- Rural economy budget has grown 3.75 times since 2014, reflecting the government’s commitment to India’s villages.
- Government targets 50 crore Indians participating in cooperatives, tripling their contribution to India’s GDP.
ISRO-Academia Day unveils RESPOND Basket 2025 to spur university research
[Indian Space Research Organisation (ISRO)]
Key Updates:
- Department of Space secretary and ISRO chairman Dr. V. Narayanan inaugurated the Isro-Academia Day at ISRO Headquarters in Bengaluru.
- ISRO released the RESPOND Basket 2025, outlining research statements aligned with Isro’s current and future mission needs.
- Premier universities and recognised academic and R&D institutions can submit research proposals through the I-GRASP portal by January 31, 2026.
Similar / Past Coverage
- The Indian Space Research Organisation (ISRO) plans seven launch missions by March next year.
- The human-rated LVM3 will carry the first uncrewed Gaganyaan mission, with Vyommitra humanoid robot aboard.
- PSLV63 will launch TDS-01 satellite to demonstrate high thrust electric propulsion, quantum key distribution, and indigenous travelling wave tube amplifier.
- India’s first industry-built Polar Satellite Launch Vehicle will place Oceansat satellite into orbit along with Indo-Mauritius Joint Satellite and LEAP-2.
- LVM3 will launch Bluebird-6 communication satellite for US-based AST Spacemobile under a commercial agreement through New Space India Limited (NSIL).
- PSLV will launch EOS-N1 earth observation satellite for a strategic user and 18 smaller Indian and international satellites.
- GSLV-Mk II is expected to launch EOS-5 (GISAT-1A) to replace GISAT-1 which failed to reach intended orbit in 2021.
- NSIL has awarded a contract to a HAL-L&T consortium to manufacture five PSLV rockets under a technology transfer arrangement.
- Small Satellite Launch Vehicle is expected to launch a dedicated satellite before March 2026.
- The platform, MStarTM Global AI Connect, will form a national digital backbone linking schools with mentors, incubators, research institutions, accelerators and industry.
- It will support virtual Atal Tinkering Labs and virtual incubation centres linked to physical facilities.
- The collaboration will provide workflows for ideation-to-pilot projects, readiness-level tracking and challenge grants.
- Analytics generated by the platform will aid policy decisions at the Centre and State levels.
- ISRO Chairman V Narayanan: 'We have planned seven launches to take place before the end of this financial year. It is by March 2026.'
- First uncrewed Gaganyaan mission 'G1 Mission' scheduled before March 2026; three uncrewed missions planned before crewed flight.
- Next launch after CMS-03 will be an LVM3 carrying 'a commercial communication satellite for a client.'
- Three additional PSLV missions planned, one for NSIL customer satellite and one technology-development mission PSLV-N1.
- GSLV-F17 rocket mission also slated before March 2026 as part of the seven-mission target.
- Report on Assessment of Logistics Cost in India: prepared by NCAER for DPIIT, first comprehensive estimate puts India’s logistics cost at 7.97% of GDP using hybrid methodology (nation-wide surveys + secondary data).
- Industrial Park Rating System (IPRS) 3.0: DPIIT–ADB tool to benchmark industrial-park infrastructure and competitiveness; government developing 20 plug-and-play parks/smart cities under NICDC.
- Logistics Data Bank (LDB) 2.0: high-seas container tracking, multi-modal visibility via ULIP APIs, live container heat-map to pre-empt bottlenecks.
- Logistics Ease Across Different States (LEADS) 2025: annual index to benchmark logistics performance of States/UTs.
- Guidebook on Mapping of Harmonised System of Nomenclature (HSN) Codes: allocates 12,167 HSN codes across 31 Ministries/Departments for targeted policymaking and trade negotiations.
- Integrated State and City Logistics Plans: being prepared under SMILE–ADB for eight pilot cities across eight states to map infrastructure gaps and cut logistics costs.
Indian Space Research Organisation (ISRO) schedules LVM3-M6 launch for 24 December
[Indian Space Research Organisation (ISRO)]
Key Updates:
- ISRO announced that the launch of its LVM3-M6 mission has been scheduled for December 24, 2025, at 08:54 hours IST.
- The heavy-lift launch vehicle will lift off from the Second Launch Pad at the Satish Dhawan Space Centre in Sriharikota.
- Under a commercial agreement facilitated by New Space India Limited, the LVM3 on this mission will place the Bluebird-6 communication satellite of US-based AST SpaceMobile into orbit.
Similar / Past Coverage
- The Indian Space Research Organisation (ISRO) plans seven launch missions by March next year.
- The human-rated LVM3 will carry the first uncrewed Gaganyaan mission, with Vyommitra humanoid robot aboard.
- PSLV63 will launch TDS-01 satellite to demonstrate high thrust electric propulsion, quantum key distribution, and indigenous travelling wave tube amplifier.
- India’s first industry-built Polar Satellite Launch Vehicle will place Oceansat satellite into orbit along with Indo-Mauritius Joint Satellite and LEAP-2.
- LVM3 will launch Bluebird-6 communication satellite for US-based AST Spacemobile under a commercial agreement through New Space India Limited (NSIL).
- PSLV will launch EOS-N1 earth observation satellite for a strategic user and 18 smaller Indian and international satellites.
- GSLV-Mk II is expected to launch EOS-5 (GISAT-1A) to replace GISAT-1 which failed to reach intended orbit in 2021.
- NSIL has awarded a contract to a HAL-L&T consortium to manufacture five PSLV rockets under a technology transfer arrangement.
- Small Satellite Launch Vehicle is expected to launch a dedicated satellite before March 2026.
- ISRO contracted the HAL–L&T consortium in 2022 for end-to-end production of five PSLV-XL rockets
- The first industry-manufactured PSLV is scheduled to launch the Oceansat satellite early next year
- ISRO has transferred Small Satellite Launch Vehicle (SSLV) technology to HAL, which will now fully own and operate the SSLV business
- Consortium has begun delivering PSLV hardware and expects two or three launches next year
- ISRO intervened to help resolve production challenges faced by the consortium
- ISRO successfully demonstrated the boot-strap mode start test of the CE20 Cryogenic engine.
- The CE20 engine powers the upper stage of the Launch Vehicle Mark -3 (LVM3) rocket.
- The test was conducted for 10 seconds under vacuum conditions at the High-Altitude Test (HAT) facility at ISRO Propulsion Complex, Mahendragiri on November 7.
- The CE20 cryogenic engine is already qualified for operation at thrust levels between 19 and 22 tonnes with a single start in flight and is cleared for use in the Gaganyaan missions.
- Under normal conditions, the engine ignition begins under tank head pressure, followed by a turbopump start up using a stored gas start-up system.
- For future missions, multiple in-flight restarts of the CE20 engine will be required for mission flexibility, towards multi-orbit missions.
- With the current configuration, each restart requires an additional start-up gas bottle and associated systems, leading to a reduction in vehicle payload capability.
- Achieving boot-strap mode start, where the engine builds up to steady operation without external start-up assistance, is essential.
- During the test, a multi-element igniter was employed in both the thrust chamber and gas generator to facilitate boot-strap starting.
- In this test, following the ignition of the thrust chamber, the gas generator was ignited under tank head conditions, and the turbopumps were started without the use of the start-up system.
- Boot-strap mode build-up and steady-state operation of the engine were successfully demonstrated.
- ISRO has successfully demonstrated boot-strap mode starting of a gas-generator cycle cryogenic engine without any auxiliary start-up system, perhaps for the first time in the world.
- This achievement is a significant milestone towards enhancing the restart capability and mission flexibility of future LVM3 flights.
- ISRO Chairman V Narayanan: 'We have planned seven launches to take place before the end of this financial year. It is by March 2026.'
- First uncrewed Gaganyaan mission 'G1 Mission' scheduled before March 2026; three uncrewed missions planned before crewed flight.
- Next launch after CMS-03 will be an LVM3 carrying 'a commercial communication satellite for a client.'
- Three additional PSLV missions planned, one for NSIL customer satellite and one technology-development mission PSLV-N1.
- GSLV-F17 rocket mission also slated before March 2026 as part of the seven-mission target.
Indian Space Research Organisation (ISRO) to launch BlueBird Block-2 satellite for US-based AST SpaceMobile
[Indian Space Research Organisation (ISRO), AST SpaceMobile, United States]
Key Updates:
- Indian Space Research Organisation (ISRO) will launch the BlueBird Block-2 satellite of US-based AST SpaceMobile Inc. using the LVM3-M6 rocket.
- The launch is scheduled from the Second Launch Pad, SDSC SHAR (Satish Dhawan Space Centre), Sriharikota.
- The mission is a dedicated commercial launch facilitated through a commercial agreement with NewSpace India Limited (NSIL).
- BlueBird satellites feature nearly 2,400 square feet arrays, making them the largest commercial phased arrays ever deployed in low Earth orbit.
Similar / Past Coverage
- International Civil Aviation Day is commemorated annually on December 7.
- The theme of International Civil Aviation Day for 2025 is 'Safe Skies & Sustainable Future for All'.
- The United Nations General Assembly marked December 7 as International Civil Aviation Day in 1996.
- CMS-03 satellite, weighing approximately 4,410 kg, is India’s heaviest communication satellite built entirely on home soil.
- LVM3-M5 rocket (nicknamed ‘Bahubali’) is ISRO’s flagship heavy-lift launch vehicle capable of carrying payloads up to 4,000 kg to GTO and 8,000 kg to LEO.
- CMS-03 is a multi-band communication satellite designed to provide coverage over the Indian subcontinent and wide oceanic regions, enhancing telecommunications, internet connectivity, and satellite broadcasting.
- The launch sequence included S200 solid booster ignition at T+0 s, payload fairing separation at 198.86 s, and CMS-03 separation at 965.94 s into a Geosynchronous Transfer Orbit.
- The mission demonstrates India’s growing space autonomy by enabling heavier satellites to be launched directly from Indian soil without dependence on foreign rockets.
- The Indian Space Research Organisation (ISRO) plans seven launch missions by March next year.
- The human-rated LVM3 will carry the first uncrewed Gaganyaan mission, with Vyommitra humanoid robot aboard.
- PSLV63 will launch TDS-01 satellite to demonstrate high thrust electric propulsion, quantum key distribution, and indigenous travelling wave tube amplifier.
- India’s first industry-built Polar Satellite Launch Vehicle will place Oceansat satellite into orbit along with Indo-Mauritius Joint Satellite and LEAP-2.
- LVM3 will launch Bluebird-6 communication satellite for US-based AST Spacemobile under a commercial agreement through New Space India Limited (NSIL).
- PSLV will launch EOS-N1 earth observation satellite for a strategic user and 18 smaller Indian and international satellites.
- GSLV-Mk II is expected to launch EOS-5 (GISAT-1A) to replace GISAT-1 which failed to reach intended orbit in 2021.
- NSIL has awarded a contract to a HAL-L&T consortium to manufacture five PSLV rockets under a technology transfer arrangement.
- Small Satellite Launch Vehicle is expected to launch a dedicated satellite before March 2026.
- ISRO contracted the HAL–L&T consortium in 2022 for end-to-end production of five PSLV-XL rockets
- The first industry-manufactured PSLV is scheduled to launch the Oceansat satellite early next year
- ISRO has transferred Small Satellite Launch Vehicle (SSLV) technology to HAL, which will now fully own and operate the SSLV business
- Consortium has begun delivering PSLV hardware and expects two or three launches next year
- ISRO intervened to help resolve production challenges faced by the consortium
International Human Solidarity Day observed on 20 December 2025 with theme 'Solidarity for Sustainable Development: Uniting Communities for a Shared Future'
[International Human Solidarity Day]
Key Updates:
- International Human Solidarity Day is celebrated annually on 20 December to mark the core value of solidarity in international relations and a driving force to achieve sustainable development and social justice.
- The theme for 2025 is 'Solidarity for Sustainable Development: Uniting Communities for a Shared Future.'
- On 22 December 2005, the United Nations General Assembly (UNGA) proclaimed 20 December as International Human Solidarity Day, recognizing solidarity as a universal value for the 21st century.
Similar / Past Coverage
- UNICEF Foundation Day is observed on December 11 every year.
- The official theme for UNICEF Foundation Day 2025 is 'My Day, My Rights'.
- UNICEF was established on December 11, 1946 to supply food, clothing, and medical care to children in post-World War II Europe.
- UNICEF stands for the United Nations International Children’s Emergency Fund, a name used until 1953.
- UNICEF was founded in 1946 by Ludwik Rajchman.
- International Men’s Day marked worldwide on Wednesday, 19 November 2025.
- The theme for 2025 is “Celebrating Men and Boys,” with some regions also focusing on “Supporting Men and Boys” and initiatives highlighting mental health concerns through campaigns linked to “Zero Male Suicide.”
- International Men’s Day started in 1999 in Trinidad and Tobago, founded by Dr Jerome Teelucksingh.
- Dr. Teelucksingh chose 19 November to honour his father’s birthday and a meaningful moment in the country’s football history.
- The observance has now spread to more than 80 countries, becoming a global platform to recognise positive male role models and encourage healthier social understanding.
- The day is built on six key pillars, focusing on men’s physical, emotional, and mental health, addressing discrimination, and encouraging healthier and more balanced gender relations.
- International Men’s Day brings attention to issues that are frequently overlooked, especially topics like stress, emotional struggles, and suicide, encouraging more open conversations around mental health.
- International Volunteer Day (IVD) is celebrated on 5 December every year.
- It started as an international observance mandated by the United Nations (UN) General Assembly in 1985.
- The theme for International Volunteer Day (IVD) 2025 is “Every Contribution Matters.”
- International Volunteer Day (IVD) 2025 marks the official global launch of the International Year of Volunteers for Sustainable Development (IVY 2026).
- The International Year of Volunteers for Sustainable Development (IVY 2026) will be globally launched on 5 December at the United Nations (UN) General Assembly Hall in New York.
- United Nations (UN) General Assembly Resolution A/RES/78/127 calls for a worldwide movement to recognize the vital role of volunteers in accelerating progress toward the Sustainable Development Goals (SDGs) by 2030.
- The United Nations Volunteers (UNV) programme recognizes shared universal values underpinning volunteerism, including free will, commitment, equity, engagement, solidarity, compassion, empathy, and respect for others.
- The State of the World’s Volunteerism Report (SWVR) is a flagship United Nations (UN) publication produced every three years.
- The latest edition of the State of the World’s Volunteerism Report (SWVR) is titled 'Building Equal and Inclusive Societies'.
- There are an estimated 1 billion volunteers worldwide, with around 70% volunteering informally and 30% engaging through formal organizations.
- International Year of Volunteers was observed in 2001.
- Human Rights Day is observed on December 10 to commemorate the United Nations' adoption of the Universal Declaration of Human Rights.
- The theme for 2025 is 'Human Rights, Our Everyday Essentials'.
- The Universal Declaration of Human Rights was adopted by the UN on December 10, 1948.
Prime Minister Modi releases commemorative postal stamp on Ashwagandha in New Delhi
[World Health Organization (WHO)]
Key Updates:
- India’s Prime Minister Narendra Modi released a commemorative postal stamp on Ashwagandha at the closing ceremony of the Second WHO Global Summit on Traditional Medicine in New Delhi.
- The five-rupee postal stamp on Ashwagandha symbolises the rise of medicinal plants and underscores the use of traditional medicine techniques and philosophies such as Ayurveda.
- Prime Minister Modi launched the Traditional Medicine Global Library, a landmark global platform designed to preserve and provide equitable access to scientific data, policy documents and validated knowledge related to traditional medicine.
Similar / Past Coverage
- Prime Minister Narendra Modi lays a wreath at the Adwa Victory Memorial and Museum in Addis Ababa.
- The memorial commemorates Ethiopia’s victory in the 1896 Battle of Adwa against Italian forces.
- The museum houses artefacts, weapons, historical dioramas, conference halls, an amphitheatre, and a library.
- PM Modi’s visit highlights India’s recognition of Ethiopia’s legacy of independence and anti-colonial resistance.
- Perumbidugu Mutharaiyar II, also called Suvaran Maran, was a 7th-8th century feudatory of the Pallavas who ruled central Tamil Nadu from Tiruchirappalli.
- The Mutharaiyar dynasty built cave and structural temples, expanded irrigation and patronised Shaivite scholars, leaving inscriptions across Thanjavur, Pudukkottai and Perambalur districts.
- The stamp release fulfils a long-standing demand of Tamil Nadu’s Mutharaiyar community and is part of the Centre’s drive to honour pre-Islamic Indian rulers from SC/ST/OBC backgrounds.
- Prime Minister Narendra Modi was conferred with the Order of Oman, the Sultanate's uniquely distinct civilian honour, by Sultan Haitham bin Tarik for his contributions to strengthening bilateral ties.
- Prime Minister Modi received the award during his ongoing two-day visit to Oman, the final leg of his three-nation tour that included Jordan and Ethiopia.
- His visit to Muscat marks the 70th anniversary of diplomatic relations between India and Oman, with both sides focusing on deepening strategic partnership in trade, investment, energy, defence and culture.
- The makers of '120 Bahadur' launched a customised 'My Stamp' based on the Rezang La War Memorial.
- Defence Minister Rajnath Singh unveiled the stamp in New Delhi.
- The initiative celebrates the valour and spirit of the soldiers who laid down their lives at Rezang La, ahead of the 63rd anniversary of the historic battle.
- The revered Rezang La War Memorial is situated in Chushul, Ladakh.
- The memorial honours the soldiers who laid down their lives during the Battle of Rezang La in the 1962 India-China war.