Saleem Ahmad assumed charge as Chairman and Managing Director of Rail Vikas Nigam Limited
[Rail Vikas Nigam Limited]
Key Updates:
- Saleem Ahmad assumed charge as the new Chairman and Managing Director of Rail Vikas Nigam Limited (RVNL).
- He previously served as Director Projects at NBCC India.
- Ahmad is a civil engineer with over three decades of experience in construction.
- He has worked as Executive Director (Civil) with Delhi Metro Rail Corporation and with Mumbai Port Trust.
- He is a 1990 batch civil engineering graduate from Jamia Millia Islamia, New Delhi.
Similar / Past Coverage
- Rituraj Sinha was the Managing Director of Tata Steel Utilities and Infrastructure Services Limited (UISL).
- He was pronounced dead on arrival at Tata Main Hospital.
- Last rites will be held at Parvati Ghat.
- Royal Challengers Bengaluru RCB on Thursday named former Tamil Nadu spinner Malolan Rangarajan as the head coach of their women's team ahead of the fourth WPL season next year.
- Rangarajan replaces Luke Williams, who was appointed as head coach in 2024.
- Malolan Rangarajan, a key member of the RCB support staff for the last six years in various roles, has now been appointed as head coach for the upcoming WPL cycle.
- He served as the assistant coach during their title-winning season in 2024.
- The WPL is being a held a month earlier than usual in 2026 -- from January to February.
- Ravi Ranjan has been appointed as Managing Director of State Bank of India (SBI) with effect from December 15.
- He previously served as Deputy Managing Director of SBI and led the Global Markets division for more than a year.
- His tenure as Managing Director will continue until his superannuation on September 30, 2028, or until further directives, whichever is earlier.
- Sipan Kumar Garg has assumed the additional charge of Chairman and Managing Director (CMD) of THDC India Limited.
- He has been serving as Director (Finance) at THDC India Limited.
- He is a member of the ICAI, ICMAI and ICSI, and a rank holder in the Company Secretary examination.
- He brings over 24 years of experience in finance, accounts, taxation and commercial functions in the power sector.
- Before joining THDC India Limited, he worked as Chief Financial Officer at Aravali Power Company Private Limited and Patratu Vidyut Utpadan Nigam Limited, both subsidiaries of NTPC Limited.
Reserve Bank of India (RBI) injects Rs 2.90 lakh crore liquidity via bond buys and USD swap
[Reserve Bank of India (RBI)]
Key Updates:
- RBI will buy Rs 2 lakh crore of government bonds through open market operations in four tranches of Rs 50,000 crore each.
- RBI will conduct a $10-billion buy/sell swap auction on Jan. 13 to ease dollar liquidity.
- System liquidity turned negative mid-December, driving the weighted average call rate to 5.46%, above the 5.25% repo rate.
- Between December 11 and 18, RBI had infused Rs 1.45 lakh crore through OMOs and a $5-billion swap.
- Power Finance Corp scrapped a Rs 6,000-crore bond sale after bids came in at higher-than-expected coupons.
- The 10-year benchmark yield has risen 20 basis points since Dec. 5 despite a quarter percentage point policy rate cut.
- State governments collectively raised Rs 33,720 crore through bond sales on Tuesday at cutoff yields higher than expected.
- Bank of India raised Rs 10,000 crore long term infrastructure bonds at 7.23%.
Similar / Past Coverage
- 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.
- RBI combines a three-year USD/INR buy-sell swap of $5 billion with open market purchases of government securities worth Rs 1 lakh crore to inject durable liquidity.
- The measures accompany a 25 basis point repo rate cut to 5.25%, taking the cumulative reduction since February to 125 bps.
- The rupee has fallen 5% this year, becoming Asia’s worst performer and breaching the 90-per-dollar mark.
- Foreign portfolio investors have withdrawn more than Rs 1.5 lakh crore, while foreign direct investment and overseas borrowing remain subdued.
- Currency analysts expect USD/INR to trade within the 89.40–90.95 range.
- Reserve Bank of India (RBI) Governor Sanjay Malhotra announced a 25 basis points repo rate cut.
- RBI will conduct Open Market Operation (OMO) purchases of government securities worth Rs 1 trillion.
- RBI announced a three-year dollar-rupee buy/sell swap of $5 billion to inject durable liquidity into the financial system.
- The dollar-rupee sell swap is a foreign exchange transaction where banks sell US Dollars to RBI in return for Indian Rupee.
- The combined measures aim to ensure adequate, durable liquidity and facilitate monetary transmission.
- 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.
Ministry of Commerce & Industry records 1.8% rise in Index of Eight Core Industries
[Ministry of Commerce & Industry]
Key Updates:
- The Index of Eight Core Industries grew 1.8% in November versus the year-ago period.
- Cement output surged 14.5% and steel production rose 6.1% in November.
- Coal and fertiliser production increased 2.1% and 5.6% respectively during the month.
- Crude oil, natural gas, refinery products and electricity contracted 3.2%, 2.5%, 0.9% and 2.2% in November.
- Cumulatively for April–November 2025-26, the core sector expanded 2.4% over the same period last year.
- Steel and cement led cumulative growth at 9.7% and 8.2%, respectively, for April–November 2025-26.
Similar / Past Coverage
- The combined Index of Eight Core Industries (ICI) grew 1.8% in November 2025 compared with the year-ago period.
- ICI carries a 40.27% weight in the Index of Industrial Production (IIP).
- Cement output surged 14.5% and steel production increased 6.1% in November.
- Fertiliser production rose 5.6% and coal output climbed 2.1% during the month.
- Crude oil production declined 3.2%, natural gas fell 2.5%, refinery products contracted 0.9% and electricity generation slipped 2.2% in November.
- Cumulatively for April–November 2025-26, core sector output expanded 2.4% over the corresponding period last year.
- Steel and cement led cumulative growth at 9.7% and 8.2%, respectively, while coal, crude oil, natural gas and electricity posted cumulative declines.
- India’s Index of Industrial Production (IIP) rose 4.0% year-on-year in September 2025.
- The growth was led by a 4.8% expansion in manufacturing.
- The data was released by the Ministry of Statistics and Programme Implementation (MoSPI).
- The Quick Estimate of IIP stood at 152.8 in September 2025, up from 146.9 in September 2024.
- Sector-wise, mining output slipped 0.4%, while electricity generation grew 3.1%.
- Out of 23 manufacturing sub-groups, 13 recorded positive growth in September.
- Top performing manufacturing sectors included basic metals (12.3%), electrical equipment (28.7%), and motor vehicles, trailers and semi-trailers (14.6%).
- Based on use-based classification, infrastructure/construction goods grew 10.5%, consumer durables grew 10.2%, and intermediate goods grew 5.3%.
- Consumer non-durables recorded a growth rate of –2.9%.
- The next IIP release, for October 2025, is scheduled for November 28, 2025.
- India’s real GDP expanded 8.2% in Q2 FY26, according to the Ministry of Statistics and Programme Implementation (MoSPI).
- MoSPI estimates India’s first-half (H1) FY26 real GDP growth at 8.0%.
- Real Gross Value Added (GVA) increased 8.1% in Q2 FY26.
- The secondary sector grew 8.1% and the tertiary sector grew 9.2% in Q2 FY26.
- Manufacturing output rose 9.1% in Q2 FY26.
- Financial, real estate, and professional services grew 10.2% in Q2 FY26.
- Real Private Final Consumption Expenditure (PFCE) grew 7.9% in Q2 FY26.
- Government consumption (GFCE) contracted 2.7% in Q2 FY26.
- Gross Fixed Capital Formation (GFCF) rose 7.3% in Q2 FY26.
- Exports grew 5.6% and imports increased 12.8% in Q2 FY26.
- Index of Industrial Production (IIP) rose an annual 0.4% in October.
- IIP growth lower than upwardly revised 4.6% in September.
- IIP growth below 3.7% recorded in October last year.
- Manufacturing sector slowed to 1.8% in October.
- Manufacturing growth 4.4% in October last year.
- Electricity sector contracted 6.9% in October.
- Electricity growth 2% in same month last year.
- Mining sector fell 1.8% in October.
- Mining expansion 0.9% in year ago period.
- Capital goods sector rose 2.4% in October.
- Capital goods expansion 5.4% in September.
- Consumer durables segment fell 0.5% in October.
- Consumer durables growth 10% in September.
- Non-durables sector contracted 4.4% in October.
- Non-durables decline 0.3% in September.
Ministry of Statistics and Programme Implementation (MoSPI) resets base years for CPI, GDP, and IIP
[Ministry of Statistics and Programme Implementation (MoSPI)]
Key Updates:
- The Ministry of Statistics and Programme Implementation (MoSPI) will release a new series of Consumer Price Index (CPI) data with the base year 2024=100 on February 12, 2026.
- MoSPI will roll out revised National Accounts data using 2022-23 as the base year on February 27, 2026.
- The new Index of Industrial Production (IIP) series, featuring 2022-23 as the base year, is scheduled for release on May 28, 2026.
- MoSPI convened a pre-release consultative workshop to discuss proposed methodological and structural changes in the revised data series with stakeholders.
- The revision process involves key officials including NITI Aayog Vice Chairman Suman K Bery, Chief Economic Advisor V Anantha Nageswaran, and MoSPI Secretary Saurabh Garg.
Similar / Past Coverage
- MoSPI will release a new Consumer Price Index (CPI) series with 2024 as the base year on 12 February 2026.
- National Accounts data using 2022-23 as the base year will be released on 27 February 2026.
- The updated Index of Industrial Production (IIP) series with 2022-23 as the base year is scheduled for release on 28 May 2026.
- A pre-release consultative workshop on the base revision will be held on Tuesday following the first session on 26 November in Mumbai.
- The workshop will present proposed methodological and structural changes in GDP, CPI, and IIP and seek stakeholder feedback.
- Government of India (GoI) will revise the base year for national accounts from 2011-12 to 2022-23.
- The new base year will come into effect from February 26-27 next year.
- The update aims to ensure national account statistics better reflect the present structure of the economy.
- The IMF assigned a C grade to India’s national accounts data due to the outdated base year of 2011-12.
- India’s real GDP rose 8.2% during the July-September quarter.
- A research report by the State Bank of India (SBI) predicts India’s economy to have expanded by about 7.5% in the second quarter of FY26.
- An ET poll of 12 economists suggested India’s economic growth likely quickened to 7.3% in the second quarter.
- The National Statistical Office (NSO) is scheduled to release the official figures on November 28.
- The Reserve Bank of India (RBI) has projected September quarter growth at 7%.
- GDP rose 7.8% in the April–June quarter, which was the fastest pace in five quarters.
- GST rationalisation shifted to a two-rate structure of 5% and 18% from September 22.
- Gross domestic GST collections for November 2025, based on October 2025 returns, may be around ₹1.49 lakh crore, reflecting a year-on-year rise of 6.8%.
- Including ₹51,000 crore from IGST and cess collected on imports, total GST receipts for November could cross ₹2 lakh crore.
- The share of leading indicators that reflect growth in consumption and demand rose to 83% in the second quarter, up from 70% in the first quarter.
- The International Monetary Fund (IMF) projects India’s real GDP to grow at 6.6% in FY2025/26 before moderating to 6.2% in FY2026/27.
- India’s real GDP expanded by 7.8% in the first quarter of FY2025/26.
- GST reform and the resulting reduction in the effective rate are expected to help cushion the adverse impact of the prolonged 50% US tariffs.
- Headline inflation has declined markedly, driven by subdued food prices and the one-off effect of the GST reform.
- IMF Executive Directors called for continued fiscal consolidation and recommended replenishing fiscal buffers through domestic revenue mobilisation.
- The IMF noted that India’s financial and corporate sectors remain resilient, supported by adequate capital buffers and multi-year low non-performing assets.
Canara HSBC Life Insurance (CHLIC) partners Equitas Small Finance Bank (ESFB) to expand life insurance reach.
[Canara HSBC Life Insurance, Equitas Small Finance Bank]
Key Updates:
- CHLIC will distribute life protection, savings, annuity, child plans, and investment-linked solutions through ESFB’s network of 994 banking outlets and 365 ATMs across 18 states and Union Territories.
- The partnership targets deeper penetration in Tamil Nadu, Karnataka, Kerala, and Maharashtra.
- The alliance supports IRDAI’s ‘Insurance for All by 2047’ vision.
Similar / Past Coverage
- PNB MetLife India Insurance Company Limited (PNB MetLife) launched the PNB MetLife DigiProtect Term Plan (UIN-117N141V01) in collaboration with Policybazaar.
- The product is an individual non-linked, non-participating, pure term insurance plan designed specifically for salaried individuals in Tier 2 and Tier 3 cities.
- The plan offers an exclusive first-year discount of up to 21% on the first premium to lower entry costs for policyholders.
- India faces a 91% life protection gap, which indicates that only ₹9 is covered for every ₹100 required to financially secure families.
- Policybazaar holds a market share of over 93% in the digital insurance aggregator space and recorded an annual premium collection exceeding ₹15,000 crore in FY24.
- Policybazaar has issued over 44.3 million policies and caters to more than 80.5 million registered users.
- PNB MetLife operates through 178 branches and provides access to customers in over 20,000 locations through bank partnerships and a network of 36,000 financial advisors.
- The company currently caters to over 585 group relationships in India and offers a portfolio covering child education, family protection, and retirement.
- Canara Bank (CB) launches Canara ai1Pe, a unified UPI app enabling instant payments, shared expenses via UPI Delegate, spend analytics, UPI Lite, and rewards.
- The app allows users to link bank accounts from any bank for instant money transfers, merchant payments, and bill settlements.
- Payments are secured through UPI PIN authentication and device-binding that restricts transactions to the registered mobile handset.
- UPI Delegate (UPI Circle) lets a primary account holder add trusted family members as delegates who can spend up to ₹15,000 per month.
- Spend analytics provide month-on-month spending insights, expenditure categorisation and financial trends.
- UPI Autopay automates recurring payments for subscriptions, EMIs, SIPs and utility bills.
- UPI Lite permits small-value payments without entering UPI PIN for every transaction.
- The app features a widget-based QR scan for quick scan-and-pay from the home screen and offers real-time transaction updates, payment reminders, transaction history access, plus rewards and cashback eligibility.
- LIC and YES Bank have entered into a strategic bancassurance partnership enabling YES Bank customers to access LIC’s comprehensive range of life insurance products through the Bank’s extensive branch network and digital platforms.
- YES Bank is recognised as the Preferred Banker to Digital India with best-in-class technology infrastructure, a robust API stack, and a leadership position in digital payments.
- The partnership was announced in the presence of R. Doraiswamy, CEO & MD, LIC of India, and Prashant Kumar, MD & CEO, YES Bank.
- Through this collaboration, YES Bank customers will be able to avail LIC’s diverse portfolio products including term plans, endowment policies, pension, and unit-linked insurance plans.
- Ageas Federal Life Insurance has formed an SME Bancassurance Partnership with CSB Bank.
- Under the collaboration, customers of CSB Bank, especially the Small and Medium Enterprises (SMEs), will be offered life insurance products.
- CSB Bank will include the insurance products in its suite of financial products, including home loans, business loans, and SME credit lines.
National Payments Corporation of India (NPCI) approves PayNearby as Third-Party Application Provider (TPAP) on UPI.
[National Payments Corporation of India (NPCI), PayNearby]
Key Updates:
- PayNearby receives NPCI approval to operate as a Third-Party Application Provider (TPAP) on the Unified Payments Interface (UPI).
- PayNearby launches PayNearby Saathi app for assisted UPI onboarding via retailers and Digital Naaris, targeting financial inclusion in semi-urban and rural India.
- The Saathi app supports UPI payments, account onboarding, bill payments, money transfers, and aggregates access to financial products like fixed deposits, recurring deposits, gold, mutual funds, and credit offerings.
- The application is available in multiple Indian languages, integrates Bhashini for voice-based navigation, and includes an in-app AI assistant to guide users through transactions and explain financial products.
- PayNearby operates a branchless banking and digital services network based on a B2B2C model, partnering with local retail stores to deliver financial and payment services.
- The company currently works with over 12 lakh retail partners across more than 20,000 PIN codes, facilitating assisted digital transactions for customers in both urban and non-urban areas.
Similar / Past Coverage
- The licence covers both online and physical payment acceptance modes.
- Mswipe serves merchants through MPOS, Smart PoS terminals, QR soundboxes, payment gateways, and embedded digital payment services.
- Mswipe’s payments business turned adjusted profitable in the most recent financial year, recording over ₹275 crore in revenue in FY24.
- Total payment volume more than doubled year on year.
- The Department of Telecom mandates pre-installation of the Sanchar Saathi app on all new smartphones under the Telecommunications (Telecom Cyber Security) Rules, 2024.
- Manufacturers must ensure the pre-installed Sanchar Saathi application is readily visible and accessible with functionalities not disabled or restricted.
- Users are free to uninstall or delete the Sanchar Saathi app if they do not wish to use it.
- The app is designed to protect users from cyber frauds.
- The Unique Identification Authority of India (UIDAI) has announced a new Aadhaar mobile application for iOS and Android devices.
- The app is available on the Google Play Store and Apple App Store, offering users a digital option to carry their Aadhaar and use it for instant verification.
- The authority has announced an early access that will allow residents to test the service and share feedback before its final rollout.
- Users can share their Aadhaar digitally, removing the need for physical copies, with details shareable using a QR code or as verifiable credentials.
- Shared Aadhaar data is masked, so users do not reveal the full 12-digit number.
- Up to five Aadhaar profiles can be added on one device if they are linked to the same registered mobile number.
- The app includes biometric locking and unlocking, ensuring biometric data remains secure until intentionally unlocked or disabled.
- NPCI International Payments Limited (NIPL) partners with ACLEDA Bank Plc., Cambodia's first publicly listed commercial bank, to interconnect UPI and KHQR networks.
- Indian travellers can use UPI-enabled apps at over 4.5 million KHQR merchant touchpoints in Cambodia.
- Cambodian tourists can scan more than 709 million UPI QR codes in India using Cambodian payment apps.
- ACLEDA Bank Plc. operates Cambodia's national QR network, Bakong (KHQR), as nominated by the National Bank of Cambodia.
Comprehensive Internship Policy for Ministry of Youth Affairs & Sports (MYAS) with Rs 5.30 Crore Annual Outlay
[Ministry of Youth Affairs & Sports (MYAS)]
Key Updates:
- The Ministry of Youth Affairs and Sports (MYAS) has unveiled a 'Comprehensive Internship Policy for Ministry of Youth Affairs & Sports (MYAS) and its Autonomous Bodies' to create a pipeline of young professionals in sports governance.
- The programme will offer 452 internship positions every year, with selected candidates receiving a monthly stipend of Rs 20,000.
- The government has earmarked a total annual budget allocation of Rs 5.30 crore to fund the internship initiative.
- College and university students will be the primary beneficiaries of the scheme, which aligns with the National Sports Policy and Khelo Bharat Niti 2025.
- The internship programme will follow two recruitment cycles every year, scheduled in January and July.
- Interns will be deployed across MYAS and its autonomous bodies, including the Sports Authority of India (SAI), National Anti-Doping Agency (NADA), and National Dope Testing Laboratory (NDTL).
- The policy seeks to build capacity in areas such as sports governance, administration, sports science, anti-doping, event management and athlete support services.
- Interns will contribute directly to flagship programmes such as Khelo India, Target Olympic Podium Scheme (TOPS), and the Target Asian Games Group (TAGG).
Similar / Past Coverage
- Google and the Telangana government launched the Google for Startups hub at T-Hub in Hyderabad.
- Selected AI-first startups will receive free, year-long coworking seats and curated access to venture investors.
- Startups will gain mentorship, hands-on AI expertise, and global visibility through the Google for Startups network.
- T-Hub is a public-private partnership between the Telangana government, IIIT Hyderabad, Indian School of Business (ISB), NALSAR Law University, and private entities.
- Google experts will conduct in-depth sessions on AI/ML, product, UX, and go-to-market for startups, student founders, and developers.
- The initiative supports women entrepreneurs, tier-II innovators, and university talent.
- Google will provide its full stack to startups, including AI capabilities on Google Cloud, Android, Play, and ads.
CBDT NUDGE Campaign: 15 Lakh Revised ITRs Filed for AY 2025-26
[Central Board of Direct Taxes (CBDT)]
Key Updates:
- Central Board of Direct Taxes (CBDT) launched a NUDGE campaign to alert taxpayers who claimed wrongful deductions related to unrecognised political parties or charitable institutions.
- Over 15 lakh revised Income Tax Returns (ITRs) have been filed for Assessment Year 2025-26.
- More than 21 lakh taxpayers have updated their returns and paid Rs 2,500 crore in taxes during the current fiscal.
- Taxpayers are advised to review and revise their ITRs by December 31, 2025, to avoid further enquiries.
Similar / Past Coverage
- The Central Board of Direct Taxes (CBDT) formally launched the second NUDGE initiative, expanding its data-driven and non-intrusive reporting campaign focused on offshore asset disclosures.
- The Income Tax Department will target around 25,000 high-risk cases in the first phase of the new drive.
- Taxpayers will receive SMS and email nudges advising them to revisit and revise returns by December 31, 2025 to avoid penal consequences.
- The Ministry of Women and Child Development (MWCD) is launching the 100-day Bal Vivah Mukt Bharat Campaign.
- The campaign will be formally launched on 4 December, 2025.
- The 100-day campaign period is from 27 November 2025 to 8 March 2026.
- It aims to build a Child Marriage Free Bharat.
- The campaign calls upon citizens, institutions, and community leaders to join the movement.
- It follows a structured, three-spell plan.
- The national drive will be implemented in close coordination with the Ministries of Health & Family Welfare, Panchayati Raj, Rural Development, and Education.
- Tool name: Integrity Matters Checklist — jointly developed by GRI and the UN to operationalise the UN High-Level Expert Group (HLEG) Integrity Matters recommendations
- Mapping function: links every HLEG net-zero integrity recommendation to the GRI Standards, specifically the updated GRI 102: Climate Change 2025 Standard
- Disclosure scope: guides companies to report science-based GHG targets, transition plans, fossil-fuel phase-out steps and just-transition integration
- Institutional endorsements: endorsed by United Nations and welcomed by UN Assistant Secretary-General Selwin Hart, UN Global Compact CEO Sanda Ojiambo, and UN HLEG Chair Catherine McKenna
- Release timing: launched on 10 Nov 2025, coinciding with COP30 in Belém, Brazil, and the updated 2025 HLEG stocktake released at the C40 World Mayors Summit in Rio
- National Cadet Corps (NCC) celebrates its 78th raising day on November 23, 2025.
- NCC was officially formed after the National Cadet Corps Act was passed on April 16, 1948, and operations began on July 15, 1948.
- Started with 20,000 cadets, NCC is now the world's largest uniformed youth organization with 20 lakh cadets.
- NCC has a presence in 713 of India's 780 districts.
- Brigadier M.L. Rawat is known as the father of the NCC.
China requests WTO consultations with India over ICT tariff, solar subsidies
[China, World Trade Organization (WTO)]
Key Updates:
- China filed a petition with the World Trade Organisation (WTO), requesting consultations with India over New Delhi's tariffs on information and communication technology (ICT) products and solar sector subsidies.
- India's measures allegedly violate multiple WTO obligations, including the principle of national treatment, and constitute import substitution subsidies explicitly prohibited under WTO rules.
- This is the second petition filed by China at the WTO against India this year; the earlier petition in October alleged unfair subsidies for electric vehicles and batteries.
Similar / Past Coverage
- India expressed 'strong support' to Brazil for the inclusive leadership at CoP30.
- India welcomed progress under the Global Goal on Adaptation, noting it reflects recognition of the overwhelming need for adaptation in developing countries.
- India emphasized the long-standing obligations of developed countries to provide climate finance and appreciated the Presidency's efforts in supporting India in beginning the journey towards a long-overdue focus on Article 9.1.
- India expressed satisfaction with the establishment of the Just Transition Mechanism, calling it a significant milestone.
- India thanked the Presidency for providing space to discuss unilateral trade-restrictive climate measures, which it said are increasingly affecting developing countries and violate the principles of equity and CBDR-RC.
- India stressed that the burden of climate change mitigation must not be shifted onto those least responsible for causing the problem.
- India reaffirmed its unwavering commitment to science-based and equitable climate action and to a rules-based global order that is equitable and respectful of national sovereignty.
- India called on all Parties to ensure that the road from Belem leads to a future defined by fairness, solidarity, and shared prosperity for all.
- Event: Eighth Session of the International Solar Alliance (ISA) Assembly scheduled from 27–30 October 2025 at Bharat Mandapam, New Delhi.
- Participants: ISA brings together 124 Member and Signatory Countries; launched by India and France at COP21 in Paris.
- Key Outcomes: Assembly to focus on four strategic pillars—Catalytic Finance Hub, Global Capability Centre & Digitisation, Regional & Country-Level Engagement, and Technology Roadmap & Policy.
- The Eighth Session of the International Solar Alliance (ISA) Assembly was held in New Delhi.
- President of India Droupadi Murmu delivered the first-ever address by the President of India to the International Solar Alliance Assembly.
- The Assembly hosted ministers, policymakers, and international partners from 125 Member and Signatory Countries.
- Key launches during the Assembly included SUNRISE (Solar Upcycling Network for Recycling, Innovation & Stakeholder Engagement), a dedicated One Sun One World One Grid (OSOWOG) programme, the Global Capability Centre, and the ISA Academy.
- Ministers and heads of delegations from 16 Small Island Developing States (SIDS) signed an in-Memorandum of Understanding for Procurement under the SIDS Platform.
- Five ISA knowledge products were launched: Ease of Doing Solar 2025, Solar PV Skills and Jobs in Africa, Solar Compass: Special Issue on Integrated Photovoltaics, Global Floating Solar Framework, and Global Solar Trends & Outlook 2025.
- The International Solar Alliance was launched in 2015 by India and France at COP21 in Paris and is headquartered in India.
- India is the world’s 4th-largest in RE capacity and the world’s third-largest solar power producer.
- India added a record 29 GW of non-fossil capacity in 2024 and another 25 GW in the first half of 2025, crossing the 50 % mark toward its 500 GW non-fossil goal well ahead of 2030.
- Centre for Research on Energy and Clean Air (CREA) states meeting the 500 GW target could peak India’s coal power emissions before 2030.
- India’s annual solar module manufacturing capacity reached 118 GW by mid-2025 and is projected to hit 200 GW by 2028, cutting import dependence.
- China has added enough clean electricity to cover all new demand growth, with power-sector coal use and emissions falling since 2024.
- Indonesia’s 100 GW solar programme under President Prabowo Subianto could enable coal power generation to peak by 2030.
Defence Research and Development Organisation (DRDO) completes user evaluation trials of Akash-NG missile system
[Defence Research and Development Organisation (DRDO)]
Key Updates:
- The Defence Research and Development Organisation (DRDO) successfully completed user evaluation trials of the next-generation Akash (Akash-NG) missile system, paving the way for its induction into the Indian Armed Forces. Quote: "The DRDO on Tuesday 'successfully completed' user evaluation trials of the next-generation Akash missile system, paving the way for its induction into the armed forces, officials said."
- The Akash-NG system met all Preliminary Staff Qualitative Requirements (PSQR) and demonstrated high precision against high-speed, low-altitude, and long-range high-altitude targets. Quote: "User evaluation trials of Akash NG missile successfully completed today, meeting all PSQR requirements... The system demonstrated high precision against diverse aerial threats, including high-speed, low-altitude and long-range high-altitude targets."
- The missile system is equipped with an indigenous Radio Frequency (RF) seeker, a dual-pulse solid rocket motor, and fully homegrown radars and Control and Command (C2) systems. Quote: "Equipped with an indigenous RF seeker, dual-pulse solid rocket motor, and fully homegrown radars and C2 systems, Akash-NG marks a major boost to India's air defence capability."
- During the trials, the DRDO successfully intercepted aerial targets at various ranges and altitudes, including near-boundary-low-altitude scenarios. Quote: "During the trials, the missiles successfully intercepted aerial targets at different ranges and altitudes, 'including the near-boundary-low-altitude and long-range, high-altitude scenarios,' the DRDO said."
Similar / Past Coverage
- The Defence Research and Development Organisation (DRDO) successfully conducted a high-speed rocket-sled test of a fighter aircraft escape system.
- The test was conducted at the Rail Track Rocket Sled (RTRS) facility of the Terminal Ballistics Research Laboratory, Chandigarh.
- The test validated canopy severance, ejection sequencing, and complete aircrew recovery.
- The test was conducted in collaboration with the Aeronautical Development Agency (ADA) and Hindustan Aeronautics Limited (HAL).
- The complex dynamic test placed 'India in an elite club of nations with advanced in-house escape system testing capability'.
- Defence minister Rajnath Singh hailed the test as a significant milestone in India’s indigenous defence capability and a step forward towards self-reliance.
- Paras Defence and Space Technologies Ltd announced it has signed an agreement with Defence Research and Development Organisation (DRDO) to receive technology for the Driver Night Sight (DNS) system used in T-90 tanks.
- The technology transfer agreement has been executed with DRDO under the Ministry of Defence, Government of India.
- The DNS system enables enhanced visibility for tank drivers during low-light and night-time operations, making it a critical component for armoured vehicle mobility and combat readiness.
- The Defence Research and Development Organisation (DRDO) successfully carried out a high-speed rocket-sled test of a fighter aircraft escape system at the Rail Track Rocket Sled (RTRS) facility of the Terminal Ballistics Research Laboratory (TBRL) in Chandigarh.
- The test achieved a controlled velocity of 800 km/h, validating canopy severance, ejection sequencing and full aircrew recovery.
- The test was conducted in collaboration with the Aeronautical Development Agency (ADA) and Hindustan Aeronautics Limited (HAL).
- The system carried the forebody of the Light Combat Aircraft (LCA) Tejas.
- A dual-sled system with the LCA aircraft forebody was propelled to precisely controlled velocity through phased firing of multiple solid-propellant rocket motors.
- The canopy-fragilisation pattern, ejection sequence and complete aircrew-recovery process were simulated using an instrumented Anthropomorphic Test Dummy.
- DRDO established the four-kilometre Rail Track Rocket Sled Penta Rail Supersonic Track at TBRL in 2014.
- ISRO has previously used the facility for Rail Track Rocket Sled deployment tests of the Gaganyaan pilot parachutes and Apex Cover Separation parachutes in cluster configuration.
- India is moving towards deploying its own home grown integrated air defence system to protect the Delhi National Capital Region from enemy aerial threats like missiles, drones and fast moving aircraft.
- The multilayered Integrated Air Defence Weapon System (IADWS) would be based around the indigenous air defence missiles such as the Quick Reaction Surface to Air Missile systems and Very Short Range Air Defence Systems.
- The Defence Research and Development Organisation (DRDO) would be working with production agencies who will work on the networking and command and control systems required for such a complicated air defence system.
- India had earlier planned to deploy the US-made National Advanced Surface to Air Missile System-II (NASAMS-II) but did not move forward on the deal as the Americans were asking for a very high price.
- The IADWS would be responsible for protecting the vital installations in the national capital region and is the responsibility of the Indian Air Force.
NASA Loses Contact with MAVEN Mars Orbiter
[National Aeronautics and Space Administration (NASA)]
Key Updates:
- NASA has lost contact with the Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft after it passed behind Mars as seen from Earth.
- MAVEN entered orbit around Mars in September 2014 to study the planet’s upper atmosphere and interactions with the solar wind.
- The spacecraft uses a UHF antenna to relay communications between the Curiosity and Perseverance rovers and the Deep Space Network.
- In 2022, MAVEN switched to an “all-stellar” navigation system to reduce reliance on its inertial measurement units.
Similar / Past Coverage
- NASA has lost contact with the Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft after it passed behind Mars as seen from Earth.
- MAVEN launched in November 2013 and entered Mars orbit in September 2014 to study the planet’s upper atmosphere and interactions with the solar wind.
- The spacecraft serves as a communications relay, linking the Curiosity and Perseverance rovers with the Deep Space Network via its UHF antenna.
- In 2022, MAVEN switched to an “all-stellar” navigation system to reduce reliance on its inertial measurement units (IMUs) that had experienced technical issues.
- Test Name: GT 254 – an unarmed Minuteman III ICBM operational test launched by Air Force Global Strike Command
- Launch Site & Recovery: Vandenberg Space Force Base, Calif.; impacted ~4,200 miles away at Ronald Reagan Ballistic Missile Defense Test Site, Kwajalein Atoll, Marshall Islands
- Command Method: Remotely launched by AFGSC Airmen via a U.S. Navy E-6B Mercury aircraft as airborne backup command-and-control
- Purpose: Verify ICBM reliability, accuracy, and collect data to mitigate risks; supports transition assessment to next-generation LGM-35A Sentinel
- Mission: Escape and Plasma Acceleration Dynamics Explorers (ESCAPADE) – two identical spacecraft named Blue and Gold managed by University of California, Berkeley
- Launch site: Cape Canaveral, Florida, no earlier than 9 November (year not stated)
- Novel trajectory: spacecraft will first reach a Sun-Earth Lagrange point, enter a 12-month kidney-bean-shaped Earth orbit, then slingshot around Earth in early November 2026 and reach Mars in early 2027
- Objectives: three-dimensional mapping of Mars’s upper atmosphere, ionosphere, and localized crustal magnetic fields; measuring space weather to forecast solar-storm radiation that could endanger future astronauts
- Context: Mars lacks a global magnetic field and lost most of its atmosphere ~4 billion years ago; localized crustal fields can deflect solar wind up to 932 miles from the surface, causing radio-signal distortions
- Tata Advanced Systems Ltd. (TASL) and Lockheed Martin announced an expansion of their partnership with the launch of a new Maintenance, Repair and Overhaul (MRO) facility to service the Indian Air Force’s (IAF) C-130J Super Hercules tactical airlifter fleet.
- The IAF currently flies 12 C-130J aircraft used for strategic airlift, special operations and humanitarian missions.
- Construction is scheduled to be completed by end-2026, with the first aircraft entering MRO operations in early 2027, TASL said.
- The upcoming facility will offer depot-level and heavy maintenance, component repair, structural restoration, avionics upgrades, and training for Indian engineers and technicians.
- The new MRO centre will join Lockheed Martin’s network of Certified Service Centers, with capabilities to support C-130J, KC-130J and legacy C-130 B-H variants.