NITI Aayog released a 10-year roadmap titled “Future of India’s Semiconductor Industry” to build a $120-150 billion domestic semiconductor value chain by 2035. The roadmap identifies five key pillars: frontier R&D and…
Karnataka’s Semiconductor Park to Become Operational by December 2026
Key Updates:
- Karnataka's 200-acre Semiconductor Park at KWIN City is scheduled to become operational by December 2026.
- The state approved investments worth ₹23,000 crore in the semiconductor and advanced Electronics System Design and Manufacturing (ESDM) sectors over the past two years.
- These projects are expected to generate more than 3,500 high-skilled engineering jobs.
- The government plans to integrate Karnataka's micro, small and medium enterprises (MSMEs) into the global semiconductor supply chain.
- The upcoming Karnataka Aerospace and Defence Policy 2026-31 will focus on strengthening the semiconductor and strategic electronics ecosystem.
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The Indian Institute of Technology Madras (IIT Madras) will host the 3rd Digital India RISC-V (DIR-V) Symposium 2026 on August 1-2, 2026 at its Research Park in Chennai. The symposium is organized in partnership with the…
The Ministry of Electronics and Information Technology (MeitY) stated that the Digital India programme has completed 11 years, shifting focus toward Artificial Intelligence (AI), semiconductors, and quantum technologies…
Andhra Pradesh has finalised arrangements for its first semiconductor project under the India Semiconductor Mission (ISM) at Tarluvada village in Visakhapatnam. The project involves an Outsourced Semiconductor Assembly…
India tops in cotton acreage globally, second in production and consumption
Key Updates:
- India ranks first globally in cotton acreage and second in both production and consumption.
- India's cotton production stood at 290.91 lakh bales in 2025-26, while domestic consumption reached 328 lakh bales.
- The cotton sector contributes nearly 19 per cent of global fibre production.
- The crop is cultivated on 114.84 lakh hectares and supports around 6 million cotton farmers.
- The sector sustains employment for an additional 40-50 million people in processing and trade.
- India exported an estimated 18 lakh bales of cotton in 2024-25, worth $11.49 billion in FY25.
- The United States of America was the largest export destination for Indian cotton fabrics and made-ups, accounting for 26.35 per cent of cotton exports.
- The Mission for Cotton Productivity aims to raise output to 498 lakh bales by 2031.
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The Union Cabinet approved the Mission for Cotton Productivity (2026-27 to 2030-31) with a total outlay of ₹5,659.22 crore. The mission aligns with the '5F vision' (Farm to Fibre to Factory to Fashion to Foreign) and…
The Union Cabinet approved the Mission for Cotton Productivity for the period 2026-27 to 2030-31 with a total outlay of ₹5,659.22 crore. The mission aligns with the '5F vision' (Farm to Fibre to Factory to Fashion to…
The Department of Agriculture and Farmers Welfare (DAFW) projects India's horticulture production to reach 3,777.76 lakh tonne in 2025-26, marking a 1.9 per cent increase over the previous year. The area under…
The Ministry of Agriculture and Farmers Welfare (MoA&FW) released the Third Advance Estimates, projecting India’s total foodgrain production to rise by 5% to a record 376.56 million tonnes in the 2025-26 crop year. Union…
NABARD Signs MoU with MAHAPREIT to Promote Green Infrastructure in Rural India
Key Updates:
- The National Bank for Agriculture and Rural Development (NABARD) signed an MoU with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to finance green, climate-resilient and sustainable infrastructure in rural India.
- The collaboration prioritises green energy, decarbonisation of government buildings, gram panchayat infrastructure, rural public institutions, and water pumping schemes.
- Clean energy solutions will be deployed for Directorate of Technical Education institutions, government hospitals, district hospitals, and other public service institutions in rural areas.
- The MoU also covers promotion of biogas and bioenergy from agricultural residues, and solar-powered micro cold storage for village-level bodies.
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The state government of Himachal Pradesh and the United Nations Development Programme (UNDP) signed a memorandum of understanding (MoU) to promote climate-resilient, inclusive and sustainable development. The MoU was…
The National Bank for Agriculture and Rural Development (NABARD) launched Gramodyam, an entrepreneurship development programme, on its 45th Foundation Day. The initiative was launched by Shaji KV, Chairman of NABARD.
The Memorandum of Understanding (MoU) was signed between the Centre for Earth Sciences & Himalayan Studies (CES&HS) and Tidal Sail AS under the India-Norway Green Partnership. The project will establish a 500 kW River…
The Indian Stainless Steel Development Association (ISSDA) and the Global Stainless Steel Expo (GSSE) have entered a strategic partnership to promote stainless steel for India's clean energy transition. The partnership…
Securities and Exchange Board of India (SEBI) Proposes Overhaul of Portfolio Management Services Norms
Key Updates:
- The Securities and Exchange Board of India (SEBI) has proposed a comprehensive review of the SEBI (Portfolio Managers) Regulations, 2020.
- Assets under management (AUM) of the PMS industry more than doubled to ₹42.61 lakh crore as of May 2026 from ₹18.07 lakh crore in April 2019.
- The number of portfolio managers rose from 226 in 2020 to 515 as of May 31, 2026.
- SEBI proposed a new ‘mutual fund-only’ PMS category with a reduced minimum client investment of ₹25 lakh (from ₹50 lakh) and a reduced minimum net worth of ₹2 crore (from ₹5 crore).
- Portfolio managers under the proposed framework may invest in overseas listed equity and debt securities, to-be-listed securities, and up to 10% of client AUM in investment-grade unlisted debt securities.
- SEBI proposed allowing derivatives exposure up to 1.25 times the client’s assets under management for hedging and investment strategies.
- Firms managing assets below ₹100 crore may be exempted from maintaining a separate dealing room under the proposed ease in infrastructure requirements.
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The Securities and Exchange Board of India (SEBI) approved the appointment of Saurabh Shukla as Executive Director (ED) for Critical Operations and Gopalan S. Raghavan as ED for Regulatory, Compliance, Risk Management…
The Securities and Exchange Board of India (SEBI) has constituted an expert working group to review the regulatory framework governing debenture trusteeship activities. The panel is chaired by Ananta Barua, former…
NITI Aayog and the Material Recycling Association of India (MRAI) organised the Paryavaran NITI Manthan conference in New Delhi on 4 May 2026 to reform waste tyre management. India recycled approximately 3 Million Metric…
The Securities and Exchange Board of India (SEBI) has granted final approval to Nuvama Wealth Management to start mutual fund operations through Nuvama Asset Management Limited. The asset management company will…
India Gets Lower US Tariff Rate Under Section 301
Key Updates:
- The United States placed India in the lower 10% tariff bracket under new Section 301 tariffs.
- India secured the 10% rate after productive discussions on labour practices with the US.
- The 12.5% tariff rate was imposed on countries found lacking adequate measures to prohibit imports of goods made with forced labour.
- The US Trade Representative (USTR) announced tariffs on 60 countries under Section 301(b) of the Trade Act of 1974.
- Countries in the 10% tariff bracket include India, Argentina, Bangladesh, Cambodia, Canada, Ecuador, El Salvador, Guatemala, Honduras, Indonesia, Jordan, Malaysia, Mexico, Pakistan, Sri Lanka, Trinidad and Tobago, and the United Kingdom.
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A United States (US) delegation led by chief negotiator Brendan Lynch will hold three-day talks with Indian trade officials in New Delhi starting Tuesday. The US administration launched investigations under Section 301…
The United States Trade Representative (USTR) has proposed additional tariffs of up to 12.5 per cent on imports from 60 economies, including India, China, and the European Union. The proposal follows 60 separate…
India and the United States of America (USA) have completed 99 per cent of negotiations for the first tranche of their bilateral trade agreement. A USA trade delegation is scheduled for negotiations in New Delhi from…
The Directorate General of Foreign Trade (DGFT) notified the Tariff Rate Quota (TRQ) allocation procedure under the India-Oman Comprehensive Economic Partnership Agreement (CEPA). The India-Oman CEPA came into force on 1…
National Stock Exchange (NSE) Launches India's First Domestic Natural Gas Futures
Key Updates:
- The National Stock Exchange (NSE) launched India's first exchange-traded energy derivative linked to a domestic benchmark on July 27, 2026.
- The contracts trade under the symbol NATGASIND and are cash-settled.
- The underlying benchmark is the Indian Gas Exchange's (IGX) Gujarat (Dahej) hub price, quoted in rupees per mmBtu.
- The trading unit is fixed at 250 mmBtu.
- The final settlement price is based on the monthly weighted average price of actual deliveries on IGX during the contract month.
- NSE received approval from the Securities and Exchange Board of India (SEBI) to launch the contracts.
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Oil India Limited (OIL), a Maharatna company, has successfully unlocked a new gas-bearing pay zone in the Dandewala field of Rajasthan. The gas discovery was made at a depth of 950 metres, marking the first successful…
The Ministry of Petroleum and Natural Gas (MoPNG) notified revised royalty rates on May 8 to incentivise domestic exploration and reduce import dependence. Under the revised framework, the effective royalty on onshore…
India has declined an offer from Russia to purchase Liquefied Natural Gas (LNG) sourced from sanctioned projects, specifically Portovaya LNG and Arctic LNG 2. The decision was discussed during a meeting on 30 April…
The Ministry of Petroleum and Natural Gas (MoPNG) issued the Natural Gas and Petroleum Products Distribution Order, 2026, prohibiting households from simultaneously holding Liquefied Petroleum Gas (LPG) and Piped Natural…
DPIIT’s OEA Released Revised Series of Index of Core Industries with Base Year 2022-23
Key Updates:
- The Office of Economic Adviser (OEA) under the Department for Promotion of Industry and Internal Trade (DPIIT) released the revised Index of Core Industries (ICI) series with 2022-23 as the new base year on July 20, 2026.
- The revised ICI includes iron ore as the ninth core industry, expanding the basket from eight to nine sectors.
- The weights for the revised ICI series have been aligned with the 2022-23 series of the Index of Industrial Production (IIP).
- The Steel Index will now use gross production data instead of net production data to ensure consistency with the IIP.
- For coal, only raw coal has been retained in the ICI basket, while coal middlings and washed coal have been excluded to avoid double counting.
- The release includes a back series covering 38 months from April 2023 to May 2026, along with the provisional ICI for June 2026.
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The Index of Core Industries (ICI) grew 5% year-on-year in June 2026, compared to 3.2% in May 2026. The June 2026 data is the first release under the revised base year of 2022-23, replacing the earlier 2011-12 base year.
The Department for Promotion of Industry and Internal Trade (DPIIT) will introduce a new Producer Price Index (PPI) and a revised Wholesale Price Index (WPI) from 15 June. The DPIIT has updated the WPI base year from…
The National Statistics Office (NSO) has introduced the trial version of the Index of Services Production (ISP), marking India's first monthly tracker of services output. The index currently covers 19 service industries…
The Commerce and Industry Ministry has released the Producer Price Index (PPI) data for both goods and services for the first time, intending to phase out the Wholesale Price Index (WPI) within five years. The revised…
Securities and Exchange Board of India (SEBI) Approves Carnelian Asset Management to Launch Mutual Fund Business
Key Updates:
- The Securities and Exchange Board of India (SEBI) has granted approval to Carnelian Asset Management & Advisors to launch its mutual fund business.
- Carnelian Asset Management currently manages over ₹18,300 crore in assets across Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and offshore investment strategies.
- The company serves over 8,600 clients through a network of more than 710 partners as of June 30, 2026.
- It was founded in 2019 by Vikas Khemani, Manoj Bahety, and Swati Khemani.
- The domestic mutual fund industry had assets under management (AUM) of over ₹82 lakh crore as of June 30, 2026, with over 20 crore folios and around 10 crore active SIP accounts.
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The Securities and Exchange Board of India (SEBI) has granted final approval to Nuvama Wealth Management to start mutual fund operations through Nuvama Asset Management Limited. The asset management company will…
The Securities and Exchange Board of India (SEBI) approved the Green-Channel: AIF Rollout Upon Document Acknowledgement (GARUDA) mechanism to accelerate the launch of Alternative Investment Fund (AIF) schemes. The…
The Competition Commission of India (CCI) approved the acquisition of 100 per cent share capital of PGIM India Asset Management Pvt Ltd and PGIM India Trustees Pvt Ltd by TVS Emerald Ltd and TVS Venu Management and…
The Competition Commission of India (CCI) approved the proposal of Germany-based DWS Group to acquire a 40 per cent equity stake in Nippon Life India AIF Management Ltd (NIAIF). NIAIF is a subsidiary of Nippon Life India…
DBS Named World’s Best Corporate Bank by Global Finance
Key Updates:
- DBS became the first bank in Southeast Asia to be named 'World's Best Corporate Bank' by Global Finance since the category was introduced in 2005.
- DBS also won 'Asia's Best Bank' and 'Singapore's Best Bank' in the same 2026 Global Bank Awards.
- In 2026, DBS was additionally named 'Best Bank for Corporate Banking in Asia' by Coalition Greenwich and 'Best Bank for Financial Institutions in Asia-Pacific' by Global Finance for the second consecutive year.
- DBS has been recognised as the 'Safest Bank in Asia' by Global Finance for 17 consecutive years from 2009 to 2025.
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S&P Global Ratings (S&P) has assigned Federal Bank its first international issuer credit ratings of BBB-/Stable for the long-term and A-3 for the short-term. The BBB- long-term issuer credit rating places Federal Bank in…
Bank of Baroda (BoB) and Mizuho Bank, the banking arm of Japan's Mizuho Financial Group, have announced a strategic partnership to enhance collaboration in M&A financing. The partnership combines the global network and…
S&P Global Market Intelligence (S&P) data as of March 31, 2026, shows that Kotak Mahindra Bank reported the highest leverage ratio of 16.56% among Asia-Pacific lenders with assets of at least $100 billion. HDFC Bank…
US Federal Reserve Chairman Kevin Warsh announced the leaders of five task forces to examine the central bank’s monetary policy approach. Three Indian-origin experts were named: former RBI governor Raghuram Rajan…
Reserve Bank of India (RBI) Approves Areion Group’s Rs 936 Crore Acquisition of Aviom India Housing Finance
Key Updates:
- The Reserve Bank of India (RBI) has approved Areion Group's Rs 936 crore acquisition of Aviom India Housing Finance.
- RBI also granted fit-and-proper approval to Areion Group promoter Manish Lalwani.
- The resolution process will now move to the National Company Law Tribunal (NCLT) for final approval.
- Areion's unconditional Rs 936 crore offer is expected to result in a recovery of about 65% for Aviom's lenders.
- Unity Small Finance Bank had submitted a higher bid of Rs 977.5 crore, but lenders chose Areion's unconditional offer.
- Areion Group appointed Suresh Khatanhar, former deputy managing director of IDBI Bank, as group chief executive officer.
- Aviom was admitted to the corporate insolvency resolution process by RBI in February of the previous year after defaulting on debt obligations.
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The Competition Commission of India (CCI) approved the acquisition of 100 per cent share capital of PGIM India Asset Management Pvt Ltd and PGIM India Trustees Pvt Ltd by TVS Emerald Ltd and TVS Venu Management and…
State Bank of India (SBI) is acquiring a 10% stake in RMBS Development Company (RDCL) from the National Housing Bank (NHB), which will reduce NHB's holding from 39% to 29%. RDCL is a middle-layer non-banking financial…
The Competition Commission of India (CCI) approved the proposal of Germany-based DWS Group to acquire a 40 per cent equity stake in Nippon Life India AIF Management Ltd (NIAIF). NIAIF is a subsidiary of Nippon Life India…
The Reserve Bank of India (RBI) imposed a total monetary penalty of ₹66.7 lakh on Bank of Baroda and GIC Housing Finance for non-compliance with regulatory norms. Bank of Baroda was fined ₹63.6 lakh for violating…
Bharat Taxi Launched in Maharashtra: A New Era of Cooperative Mobility and Employment
Key Updates:
- Maharashtra Chief Minister Devendra Fadnavis and Union Minister of State for Cooperation Murlidhar Mohol launched the 'Bharat Taxi' service in Maharashtra on July 23, 2026.
- Bharat Taxi is a cooperative mobility model where taxi drivers (Sarathis) are owners and shareholders of the cooperative institution and receive a share in profits.
- The service operates without surge pricing or hidden charges, based on a fixed service fee.
- The launch took place at Navi Mumbai International Airport, with share certificates and service kits distributed to Sarathis.
- Bharat Taxi aims to expand across Maharashtra in a phased manner by connecting taxi drivers, youth, women, and local communities.
- The initiative is part of Prime Minister Narendra Modi's vision of 'Sahakar Se Samriddhi' (Prosperity Through Cooperation) and follows launches in Delhi and Gujarat.
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Gujarat Police signed a Memorandum of Understanding (MoU) with Sahakar Taxi Cooperative Limited (Bharat Taxi) for the digital integration of its transport platform. An SOS emergency response system will be integrated…
Union cooperation minister Amit Shah launched Bharat Taxi, India's first cooperative-led, driver-owned ride-hailing service, at Mahatma Mandir in Gandhinagar, Gujarat. The service operates on a zero-commission model…
The Ministry of Cooperation (MoC) announced the establishment of a cooperative life insurance company to strengthen the cooperative movement. The Bharat Taxi initiative will be expanded to 500 cities over the next two…
The Ministry of Cooperation (MoC) announced the establishment of a cooperative life insurance company to boost the growth of cooperatives in the insurance sector. Bharat Taxi is planned for expansion into 500 cities over…
NCVET Grants Awarding Body (Dual) Recognition to NIIT Foundation to Strengthen AI-Enabled Skill Development
Key Updates:
- The National Council for Vocational Education and Training (NCVET) signed an agreement granting Awarding Body (Dual) recognition to NIIT Foundation.
- NIIT Foundation is now eligible to directly conduct training, assessments, and award NSQF-aligned certifications for approved qualifications across its pan-India network.
- NCVET approved the first two qualifications: Fundamentals of Digital Productivity with AI Tools (NSQF Level 3) and Fundamentals of Data Management with AI Tools (NSQF Level 4).
- The recognition ceremony was chaired by Shri Niranjan Kumar Sudhansu, Additional Secretary, Ministry of Skill Development and Entrepreneurship and Executive Member of NCVET.
- The recognition aims to strengthen India's vocational education ecosystem by promoting innovative, industry-responsive qualifications aligned with emerging technologies.
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The Ministry of Food Processing Industries (MoFPI) and NIFTEM-Thanjavur launched a pilot Short-Term Skill Training Programme (STSTP) at ITC-ICML, Trichy on 03 July 2026. The programme is for Assistant Baking Technician…
The National Skill Development Corporation (NSDC) has entered into a strategic partnership with the Tokyo-based Fourth Valley Concierge Corporation (FVCC) to facilitate workforce mobility for Indian talent in Japan. The…
The Quality Council of India (QCI) and the National Small Industries Corporation Limited (NSIC) signed a Memorandum of Understanding (MoU) to establish a collaborative ecosystem for Micro, Small and Medium Enterprises…
The Ministry of Skill Development and Entrepreneurship (MSDE) reported that Industrial Training Institutes (ITIs) increased from 9,776 in 2014 to over 13,888. Access to skill development was widened through ITIs…
20% Local Content Rule for Private FM Radio
Key Updates:
- The Ministry of Information and Broadcasting mandates that private FM radio broadcasters ensure at least 20% of daily broadcast content is in the local language of the city.
- A total of 386 private FM radio channels are currently operational in India.
- The government conducted e-auctions for 730 FM channels across 234 new cities on July 9-10, 2025, under the Private FM Radio Phase-III policy.
- The Phase-III policy allows broadcasters to access Prasar Bharati towers and sites for faster rollout.
- 18 successful bidders, including 9 new entrants, emerged from the e-auction.
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The Ministry of Information and Broadcasting (MIB) released the draft Telecommunications (Television, Radio and Associated Services) Rules, 2026, to bring television channels, radio stations, DTH operators, and other…
The Ministry of Power (MoP) revised the "Make in India" procurement norms for the power sector via an official order dated April 30. The MoP introduced a phased roadmap to achieve a minimum of 60 per cent local content…
National Broadcasting Day is observed every year on July 23 to commemorate the beginning of radio broadcasting in India. The first-ever radio broadcast by the Indian Broadcasting Company (IBC) took place from Bombay (now…
The Bar Council of India (BCI) issued a circular prohibiting reels and promotional content from court premises for lawyers and law students. The circular bars misuse of live-streamed court proceedings by clipping…
India Concludes Eighth Trade Policy Review at WTO in Geneva on July 23, 2026
Key Updates:
- India's Eighth Trade Policy Review at the World Trade Organization (WTO) concluded on July 23, 2026, in Geneva.
- The Indian delegation was led by Commerce Secretary Shri Rajesh Agarwal.
- India received 1,094 written questions from 44 WTO Members during the review.
- A total of 68 WTO Members made interventions during the two review sessions held on July 21 and 23, 2026.
- India highlighted its achievements in Digital Public Infrastructure, customs and trade facilitation modernization, and innovation initiatives.
- India accepted the WTO Agreement on Fisheries Subsidies.
- The Commerce Secretary reaffirmed India's commitment to an open, transparent, and rules-based multilateral trading system.
- The Trade Policy Review Body was chaired by Ambassador Nella Pepe Tavita-Levy of Samoa, with Ambassador Guilherme de Aguiar Patriota of Brazil as Discussant.
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India deposited its Instrument of Acceptance of the WTO Agreement on Fisheries Subsidies (AFS) on 20 July 2026, becoming a Party to the Agreement. The agreement prohibits subsidies linked to illegal, unreported and…
India and Ethiopia signed a bilateral accession protocol in Geneva to facilitate Ethiopia's membership in the World Trade Organization (WTO). The protocol was signed by Senthil Pandian C., Ambassador and Permanent…
India blocked China's first request to establish a dispute panel at the World Trade Organization (WTO) during a Dispute Settlement Body (DSB) meeting on May 22 in Geneva. The dispute relates to India's support measures…
India and six other countries raised concerns at the World Trade Organization (WTO) regarding the United Kingdom's (UK) steel safeguard measures. The UK's proposed measures, slated to come into effect on July 1, will…
Union Minister Rajnath Singh Flags In First-Ever Tri-Service All-Women ‘Samudra Pradakshina’ Expedition
Key Updates:
- Defence Minister Rajnath Singh flagged in the first-ever tri-service all-women circumnavigation sailing expedition 'Samudra Pradakshina' on July 22, 2026.
- The expedition was conducted aboard the Indian Army Sailing Vessel (IASV) Triveni by nine women officers from the Indian Army, Navy, and Air Force.
- The voyage lasted 314 days and covered approximately 25,500 nautical miles across four oceans.
- The crew successfully crossed all meridians of longitude, the Equator twice, the International Date Line, and rounded the three Great Capes: Cape Leeuwin, Cape Horn, and the Cape of Good Hope.
- The passage through the Drake Passage and rounding of Cape Horn earned the crew membership of the prestigious Cape Horners fraternity.
- The expedition served as an instrument of military diplomacy, with port calls showcasing India's cultural heritage and fostering goodwill with friendly nations.
- Defence delegates from Australia, New Zealand, Argentina, and South Africa attended the flag-in ceremony.
- Chief of Defence Staff General NS Raja Subramani, Chief of Naval Staff Admiral Krishna Swaminathan, Chief of Army Staff General Dhiraj Seth, and Vice Chief of Air Staff Air Marshal Ashutosh Dixit were among the attendees.
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Samudra Pradakshina, India's first Tri-Service all-women sailing expedition, completed a 314-day circumnavigation covering 25,500 nautical miles. The expedition was conducted by nine women officers from the Indian Army…
The Indian Army Sailing Vessel (IASV) Triveni is completing Samudra Pradakshina, which is India’s first all-women tri-service global circumnavigation expedition. The crew comprises 10 women officers from the Indian Army…
National Flag Day, also known as National Flag Adoption Day, is observed in India on July 22 every year. The day commemorates the adoption of the Tiranga by the Constituent Assembly on July 22, 1947.
President Droupadi Murmu conferred the Shaurya Chakra on Lieutenant Commander Suraj Prashar during the Defence Investiture Ceremony 2026 (Phase-I) at Rashtrapati Bhavan. The award was granted for bravery during Operation…
Air India & Saudia Sign MoU to Strengthen Aviation Partnership
Key Updates:
- Air India and Saudia signed a Memorandum of Understanding (MoU) to deepen their strategic partnership and strengthen air connectivity between India and Saudi Arabia.
- The MoU builds on the existing codeshare arrangement and establishes a framework for expanding commercial and operational cooperation.
- The partnership will explore expanding codeshare, improving network connectivity, terminal co-location, and collaboration between loyalty programmes.
- The agreement also examines extending cooperation to group carriers including Air India Express and flyadeal.
- Air India currently has 25 codeshare agreements and over 120 interline partnerships, providing access to more than 1,000 destinations worldwide.
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Bharat Petroleum Corporation Limited (BPCL) and Akasa Air signed a Memorandum of Understanding (MoU) on July 14, 2026, to promote Sustainable Aviation Fuel (SAF) adoption in India. The partnership will develop a…
Air India and Riyadh Air signed a Memorandum of Understanding (MoU) on June 4 to strengthen air connectivity between India and Saudi Arabia. The partnership introduces codeshare and interline agreements, allowing…
Air India signed a Memorandum of Understanding (MoU) with SIA Engineering Company Limited (SIAEC) to collaborate on Maintenance, Repair and Overhaul (MRO). The partnership aims to contribute towards developing India as a…
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) signed a Memorandum of Understanding (MoU) with the Afghanistan Chamber of Commerce and Investment (ACCI) in New Delhi. The agreement focuses on…
SASTRA University develops nanofluid electrolyte to boost zinc-air battery efficiency
Key Updates:
- Scientists at SASTRA Deemed University have developed a nanofluid electrolyte that significantly boosts the efficiency of electrically rechargeable zinc-air batteries.
- The nanofluid electrolyte suppresses hydrogen evolution and zinc corrosion while enhancing oxygen reaction performance at the cathode using inexpensive silica and zinc oxide nanoparticles.
- The research was funded by the Department of Science and Technology's Nano and Advanced Materials Division and is protected under Indian patent IN570691.
- The team also developed earth-abundant bifunctional catalysts, with copper-doped alpha manganese dioxide outperforming platinum- and ruthenium-based standards at a 2 wt% dopant loading.
- Waste-derived materials such as spent activated carbon from household water filters and upcycled surgical face masks were used to create efficient electrocatalysts and supercapacitor electrodes.
- The nanofluid electrolyte remains stable for over three months and is ready for commercial use in grid-scale storage and electric mobility.
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Researchers in Saudi Arabia have developed an electricity-free cooling system called Nescod. The technology is designed to reduce the reliance on air conditioners.
NTPC Renewable Energy Limited has awarded a contract to Delectrik Systems for India's first utility-scale Vanadium Redox Flow Battery (VRFB) project with a capacity of 100 MWh. The VRFB will be deployed at the Khavda…
Indian scientists at the Centre for Nano and Soft Matter Sciences (CeNS) developed an ultra-sensitive wearable ammonia gas sensor based on vanadium compounds. The sensor detects ammonia concentrations as low as 319 parts…
A research team at the Institute of Metal Research of the Chinese Academy of Sciences (CAS) has advanced all-iron flow battery technology. The battery prototype demonstrated a 99.4 per cent leak-proof efficiency over…
Spain Declares National Emergency Over Wildfires; Thousands Evacuate Across Europe
Key Updates:
- Spain declared a national emergency over wildfires for the first time, allowing the government to coordinate the response.
- More than 10,000 people were evacuated from towns in the mountains west of Madrid due to three fires in the region and neighbouring Avila province.
- France ordered a total evacuation of the Cap Ferret peninsula, resulting in approximately 40,000 people being evacuated by boats.
- French President Emmanuel Macron requested activation of the European Union's civil protection mechanism to help tackle a massive fire that devastated 8,700 hectares on the Atlantic coast.
- Over 270 emergency personnel and 40 ground units, alongside Military Emergency Unit contingents, were deployed in affected areas in Spain.
- More than 350 fires have burned in Spain so far in 2026, according to the EU's European Forest Fire Information Service, and a record surface area was destroyed in 2025.
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Ukraine and nine other countries announced the formation of a coalition to protect Europe from ballistic missiles at a summit in Paris on July 13, 2026. The participating countries are Denmark, France, Germany, Italy…
India and Spain have agreed to fast-track technical discussions on linking India's Unified Payments Interface (UPI) with Spain's Bizum digital payments platform. The discussions aim to enable interoperability between the…
The Telangana Police department is set to integrate Artificial Intelligence (AI) tools into its emergency response network to manage high volumes of non-emergency calls. The State’s Emergency Response Support System…
The World Health Organization (WHO) has declared the Ebola outbreak in the Democratic Republic of the Congo (DRC) and Uganda a Public Health Emergency of International Concern. The outbreak is linked to the Bundibugyo…
India Orders GitHub to Remove Bitchat App Over Security Concerns
Key Updates:
- The Indian Cybercrime Coordination Centre (I4C) under the Ministry of Home Affairs ordered GitHub, a Microsoft subsidiary, to remove the Bluetooth-based messaging app Bitchat.
- The app enables peer-to-peer communication over Bluetooth mesh networks without relying on mobile networks or the internet, allowing anonymous use without registration or phone number verification.
- I4C stated that the app's architecture impedes lawful interception and can be misused by anti-national elements, terrorist organisations, and criminal groups to evade surveillance.
- The order followed observations of protestors using Bluetooth-based messaging apps at Jantar Mantar after the government imposed temporary internet restrictions at the site.
- The notice cited violations of Sections 43, 84B, and 84C of the Information Technology Act, along with Section 61 read with 196 and 197 of other laws.
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The government ordered the removal of three smartphone applications—BAT-BMS, Lossigy, and Epoch-i-ion—due to their misuse in remotely disabling battery-operated vehicles. IT Secretary S Krishnan confirmed the action…
The Digital India BHASHINI Division (DIBD) under the Ministry of Electronics and Information Technology (MeitY) and the Government of Goa jointly organised the 'BHASHINI Rajyam: State Engagement Workshop' in Panaji. The…
The Supreme Court (SC) has directed the priority implementation of a time-bound eviction plan to remove encroachments from the Agasthyamalai ecological landscape. The Agasthyamalai ecological landscape is located across…
The Indian Computer Emergency Response Team (CERT-In) released the "Blueprint for Reducing Exposure and Defending against AI-Assisted Vulnerabilities Exploitation in Digital Infrastructure" on May 25, 2026. CERT-In has…
Indian Railways pilots AI-based linen stain detection
Key Updates:
- Indian Railways has launched a pilot project using automated AI-camera stain detection technology in laundries to assess the quality of washed linen.
- The pilot is being conducted in Pune Division under Central Railway and in Jaipur and Jodhpur divisions under North Western Railway.
- Whito-meters are used in all mechanised laundries to audit the effectiveness of linen cleaning.
- CCTV cameras have been installed across laundries to monitor operations.
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Dr APJ Abdul Kalam Technical University (AKTU) is implementing an artificial intelligence (AI) based mechanism for marking attendance and preparing seating plans for upcoming examinations. The university has introduced…
Indian Railways has electrified 99.6% of its broad gauge network, making it the world's second-most electrified rail network after Switzerland. According to the International Union of Railways (UIC) report, India's…
The railways introduced GPS-enabled body-worn cameras for Railway Protection Force (RPF) personnel in the Samastipur division of the East Central Railway (ECR). The ECR has deployed 37 body cameras and procured an…
The Indian Cyber Crime Coordination Centre (I4C), under the Ministry of Home Affairs (MHA), signed a Memorandum of Understanding (MoU) with the Reserve Bank Innovation Hub (RBIH) to combat mule accounts. The…
VTU, Google Enter Academic Agreement to Boost AI Skills and Campus Placements
Key Updates:
- Visvesvaraya Technological University (VTU) signed an MoU with Google to provide AI content and training for its students and faculty.
- Google will charge Rs 350 per student, which is covered under the existing consortium library fees with no extra cost this year.
- The training programme covers AI skills, cloud computing, data science, cybersecurity, and faculty skill development.
- VTU is launching a cloud-based Simulation Enabled Experiential Learning platform for hands-on experience through advanced simulations.
- An incubation centre for electric vehicles is planned for students in Mysuru, with land provided by the government.
- Qualcomm, through Stem Lore Innovators LLP, will provide long-term education in AI, product prototyping, embedded systems, and IoT, and a centre of excellence in Edge AI will be established.
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Google has entered into a Cloud Service Agreement with SpaceX to pay $920 million per month for computing power from October 2026 through June 2029. According to a Securities and Exchange Commission (SEC) filing, the…
The Maharashtra School Education department signed a memorandum of understanding with Google for Education to provide free AI and digital technology training to more than four lakh teachers in government-run and aided…
The Tripura state government signed a Memorandum of Understanding (MoU) with Google India in July 2026 to develop an Artificial Intelligence ecosystem. The MoU is part of the Destination Tripura Business Conclave 2026…
Karnataka Chief Minister D K Shivakumar announced the establishment of India's first government-driven Artificial Intelligence (AI) University at the Google I/O Connect India 2026 event in Bengaluru. The state will also…
Weaves of India Festival Showcases Handloom Heritage from July 24 to August 7, 2026
Key Updates:
- The 'Weaves of India' Festival is organized by the Ministry of Textiles through the Office of the Development Commissioner (Handlooms).
- The festival is held at the Central Cottage Industries Emporium (CCIE) on Janpath, New Delhi.
- It runs from 24 July to 7 August 2026, coinciding with the 12th National Handloom Day on 7 August.
- The event features 116 heritage weaves from various regions of India, including Banarasi, Jamdani, Kanchipuram Silk, Sambalpuri Ikat, Paithani, and Kani Pashmina.
- National Handloom Day is observed annually on August 7, and 2026 marks its 12th edition.
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The Ministry of Textiles has launched the Handloom Hackathon 2026, a national innovation challenge designed to harness technology, design, and entrepreneurship for the handloom sector. The initiative is being organised…
The Government of Odisha approved the 'Revival of Languishing Products (Cotton Bomkai Saree)' project in the last financial year. The initiative is led by the Handlooms, Textiles and Handicrafts Department to safeguard…
Prime Minister Narendra Modi presented a traditional Gond painting from Madhya Pradesh to Victoria, Crown Princess of Sweden. Italian Prime Minister Giorgia Meloni received a Muga Silk stole from Assam, which possesses a…
The 17th Annual Traditional Seed Festival was organised by the Sanjeevini organisation at Killoguda village in the Araku region of Alluri Sitarama Raju (ASR) district. The event aimed to promote natural farming and the…
SC Restricts Social Media Posting of Court Proceedings
Key Updates:
- The Supreme Court of India passed an interim order on July 24, 2026, barring unauthorized posting of audio-video recordings of judicial proceedings on social media.
- The order was issued by a bench comprising Chief Justice Surya Kant, Justices Joymalya Bagchi, and V Mohana.
- Prior permission from the Secretary General of the Supreme Court or Registrar General of the jurisdictional High Court is required for posting such recordings.
- The order clarifies that news reporting of court proceedings is not affected.
- The court issued notices to the Centre and social media platforms on a plea filed by journalist Harshita Grover.
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The Bar Council of India (BCI) issued a circular prohibiting reels and promotional content from court premises for lawyers and law students. The circular bars misuse of live-streamed court proceedings by clipping…
The United Arab Emirates (UAE) has established a minimum age of 15 for social media use, becoming the first Arab nation to implement such a regulation. Children under the age of 15 are prohibited from creating…
The Canadian government will introduce legislation to ban social media access for children under 16. The proposed measure is part of a larger online harms bill to be presented before Canada's Parliament.
Malaysia has enforced rules barring children under 16 from owning social media accounts. The regulations apply to social media platforms with at least 8 million users, including Facebook, Instagram, TikTok, and YouTube.
World Drowning Prevention Day 2026 – July 25
Key Updates:
- World Drowning Prevention Day is observed annually on July 25.
- The theme for World Drowning Prevention Day 2026 is 'Unite to Turn the Tide'.
- The International Life Saving Federation (ILS) leads the global call to action for the day.
- Global drowning rates have fallen by 38 percent since 2000, but drowning still claims over 300,000 lives each year.
- The World Health Organization (WHO) Global Alliance on Drowning Prevention has set a target to reduce drowning deaths by a further 35 percent by 2035.
- ILS President Graham Ford AO highlighted the organisation's membership in the WHO Global Alliance for Drowning Prevention, announced in May 2026.
- The World Conference on Drowning Prevention 2027 will be held in Rome, Italy.
- The ILS Academy, established in 2022, serves as the global hub for education, training and professional development in drowning prevention.
- The ILS Academy has developed three new courses: Open Water Safety, Psychosocial Impact of Drowning (Resilient Teams. Safe Minds), and Leadership.
- The first residential course on open water safety will take place in Oslo from 16–18 October 2026.
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World Brain Day is observed annually on July 22. The theme for World Brain Day 2026 is 'Brain Health: Access for All'.
Spain defeated France 2-0 in the first semi-final held in Dallas on 15 July 2026. The second semi-final between England and Argentina was scheduled for 16 July 2026 in Atlanta.
World Horse Day is celebrated on July 11 every year. The United Nations General Assembly (UNGA) adopted a resolution on June 3, 2025, declaring July 11 as World Horse Day.
World Listening Day is observed globally on July 18 every year. The day is dedicated to the sounds of the natural world.
Naresh Pal Gangwar Appointed as Higher Education Secretary
Key Updates:
- Naresh Pal Gangwar, a 1994-batch IAS officer, has been appointed as the Secretary of the Department of Higher Education.
- He replaced Vineet Joshi, who has been transferred to the Ministry of Panchayati Raj as Secretary.
- Gangwar previously served as Secretary, Department of Animal Husbandry and Dairying under the Ministry of Fisheries, Animal Husbandry and Dairying.
- He holds a B.Tech in Electronics and Communication Engineering, an M.Tech in Communication and Radar, and a Master's degree in Economics.
- During his tenure in Rajasthan, he served as district collector in Tonk (2001), Sawai Madhopur and Jhalawar (2004), Jodhpur (2006), and Bharatpur (2008).
- In 2014, he was appointed as the Secretary of the School Education Department in the Rajasthan government.
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The Appointments Committee of the Cabinet (ACC) assigned Lokhande Prashant Sitaram the additional charge of Chairperson of the CBSE. Lokhande concurrently serves as Additional Secretary in the Department of Home under…
Lokhande Prashant Sitaram, a 2001-batch AGMUT cadre IAS officer, was appointed as the Chairperson of the Central Board of Secondary Education (CBSE). He replaces Rahul Singh, a 1996-batch Bihar cadre IAS officer, who has…
The Department of General Administration issued orders on May 20, 2026, appointing N.S.K. Umesh as the Additional Secretary and Officer on Special Duty (OSD) to the Chief Minister of Kerala. N.S.K. Umesh is an Indian…
Dr. Srinivasa Kumar Tummala has been appointed as Secretary of the Ministry of Earth Sciences by the Appointments Committee of the Cabinet (ACC). His tenure is for a period of two years from the date of assuming charge.
Ashiss Kumar Dash Appointed as Infosys CEO Designate
Key Updates:
- Infosys appointed Ashiss Kumar Dash as Chief Executive Officer (CEO) Designate for a five-year term.
- He will assume the role of Managing Director and CEO on April 1, 2027, succeeding Salil Parekh.
- Salil Parekh will complete his second term as MD and CEO after over nine years at the helm.
- Dash has spent over three decades at Infosys, handling senior roles in customer-facing operations, project delivery, and global business units.
- The board highlighted Dash's strategic acumen and delivery execution as key drivers for the company's AI-led transformation.
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Nitin Paranjpe has been appointed as the non-executive Vice Chairman of the board of Infosys. The appointment is effective immediately.
Saurabh Vijay has been appointed as the Chief Executive Officer (CEO) of the UIDAI. He is a 1998-batch Indian Administrative Service (IAS) officer of the Maharashtra cadre.
The Reserve Bank of India (RBI) approved the reappointment of Sandeep Bakhshi as the Chief Executive Officer (CEO) of ICICI Bank. The reappointment is for a further period of two years, extending his term until October…
Pankaj Pawar was appointed as the Chief Executive Officer (CEO) of Jio Platforms on March 24, 2026. He succeeded Kiran Thomas, who resigned as CEO on March 23, 2026.
Satya Pal Kumar Appointed Director of Financial Intelligence Unit (FIU)
Key Updates:
- Satya Pal Kumar, a 2005-batch Indian Revenue Services (IRS) officer of the Income Tax Department cadre, was appointed as the Director of the Financial Intelligence Unit (FIU).
- The FIU is a national agency under the Union Ministry of Finance responsible for receiving, processing, analysing and disseminating information on suspect financial transactions.
- The appointment was made by the Appointments Committee of the Cabinet (ACC) on July 24, 2026.
- In the same reshuffle, Avanish Kumar Mishra (ISS 2000) was appointed Joint Secretary in the Department of Administrative Reforms and Public Grievances.
- Kuldip Narayan (IAS 2005) was appointed Adviser in NITI Aayog.
- V Lalithalakshmi (IAS 2008) was posted as Professor at the Lal Bahadur Shastri National Academy of Administration (LBSNAA).
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The Union government extended the tenure of Ravi Agrawal as the Chairman of the Central Board of Direct Taxes (CBDT) by six months until December 2026. The Appointments Committee of the Cabinet (ACC) approved the…
Mahesh Dixit has been appointed as the Director of the Intelligence Bureau (IB). He succeeds Tapan Kumar Deka as the IB chief.
IPS officer Sundarraj Pattilingam was appointed Inspector General (IG) of the National Investigation Agency (NIA). He spearheaded anti-Maoist operations in Chhattisgarh's Bastar region and served as the face of the…
Rajiv Kumar appointed as Part-time (Non-Executive) Chairman of HDFC Bank for a period of three years, subject to the approval of the Reserve Bank of India (RBI). He is appointed as an Additional (Independent) Director of…
Ravneet Singh Bittu Resigns as Union Minister of State for Railways and Food Processing Industries
Key Updates:
- Ravneet Singh Bittu resigned as Union Minister of State for Railways and Food Processing Industries on July 25, 2026.
- President Droupadi Murmu accepted his resignation on the advice of Prime Minister Narendra Modi.
- His Rajya Sabha tenure representing Rajasthan ended on June 21, 2026.
- He is likely to contest the upcoming Punjab Assembly elections due next year.
- He served as a three-time Lok Sabha MP from Ludhiana and Anandpur Sahib as a candidate of the Indian National Congress.
- He joined the Bharatiya Janata Party (BJP) in March 2024 and contested the 2024 Lok Sabha election from Ludhiana but lost.
- He is the grandson of former Punjab Chief Minister Beant Singh.
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George Kurian resigned as a Union Minister after his six-year term in the Rajya Sabha expired and the Bharatiya Janata Party (BJP) did not renominate him. President Droupadi Murmu accepted Kurian's resignation under…
Prabhjeet Singh has stepped down from the role of President of Uber India and South Asia. Singh had an association with the ride-hailing company for 11 years.
The Supreme Court (SC) Collegium approved the elevation of 10 advocates as judges of the Punjab and Haryana High Court on May 4. The elevated advocates are Pravindra Singh Chauhan, Harmeet Singh Deol, Rajesh Gaur…
Karnataka Chief Minister (CM) Siddaramaiah is expected to submit his resignation to Governor Thaawarchand Gehlot following directions from the Indian National Congress (INC) leadership. Deputy CM D.K. Shivakumar, an…
