Reserve Bank of India (RBI) Relaxes Weekly Access Rule for FCNR(B) Swap Facility for Transactions Above USD 100 Million
Key Updates:
- The Reserve Bank of India (RBI) allowed banks to access its concessional dollar-rupee swap facility for FCNR(B) deposits exceeding USD 100 million without waiting for their designated weekly window.
- The swap facility attracted total inflows of USD 72.85 billion as of August 21, 2026.
- FCNR(B) deposits contributed USD 65.40 billion, accounting for nearly 90% of total inflows.
- The swap facility is available for FCNR(B) deposits mobilised only till August 31, with banks permitted to avail swaps till September 11.
- India Ratings and Research (Ind-Ra) raised its FY27 commercial banks' credit growth forecast to 15% from 13% earlier, while deposit growth is projected at 13.6%.
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The Reserve Bank of India (RBI) launched a concessional swap facility on June 5, 2026, which became operational on June 8, 2026. As of July 17, 2026, the facility had attracted cumulative forex inflows of $20.718…
The Reserve Bank of India (RBI) introduced a US dollar-rupee forex swap facility for fresh Foreign Currency Non-Resident (Bank) [FCNR (B)] deposits to attract foreign capital. The facility is available to Authorised…
Federal Bank has introduced the FCNR Max Deposit Scheme in US dollars for Non-resident Indian (NRI) customers, offering an interest rate of 6.25% per annum for tenures between three and five years. The scheme includes a…
The Reserve Bank of India (RBI), at its August 2026 Monetary Policy Committee (MPC) meeting, kept the repo rate unchanged at 5.25% for the fourth consecutive meeting. The six-member MPC unanimously decided to continue…
Business Standard's India State Fiscal Health Tracker ranks Delhi highest with 93.2% own revenue share in FY25 Budget Estimates
Key Updates:
- Business Standard's India State Fiscal Health Tracker, based on the Reserve Bank of India (RBI) 2025 Handbook of Statistics on Indian States, ranks Delhi highest with a 93.2 per cent own revenue share of total revenue receipts in the 2024-25 Budget Estimates (BE).
- The tracker compares states and Union Territories across eight fiscal indicators.
- Haryana (80.4 per cent), Telangana (78.4 per cent), Karnataka (77.3 per cent) and Tamil Nadu (75.5 per cent) follow Delhi in the top five.
- Manipur (10.0 per cent), Nagaland (12.5 per cent), Arunachal Pradesh (12.8 per cent), Tripura (16.6 per cent) and Mizoram (19.6 per cent) occupy the bottom five ranks.
- The own revenue ratio is calculated as (Own Tax Revenue + Own Non-Tax Revenue) divided by Revenue Receipts, multiplied by 100.
- Own non-tax revenue includes fees, royalties, dividends and user charges, while own tax revenue includes taxes collected by the state.
- The FY25 own revenue share figures are based on Budget Estimates, not final accounts.
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Gross Goods and Services Tax (GST) collections rose 15.4% year-on-year to ₹2.11 lakh crore in July 2026. Domestic GST revenue increased 10.1% to ₹1.45 lakh crore, while GST on imports surged 28.8% to ₹66,511 crore.
India's gross GST collections reached ₹1.94 lakh crore in May 2026, representing a 3.2% year-on-year growth from ₹1.88 lakh crore. Net GST revenue for the month rose 3.3% to ₹1.67 lakh crore, while total refunds…
Uttar Pradesh is India's largest milk-producing state, accounting for 15.66% of the country's total milk production in 2024-25. According to the Basic Animal Husbandry Statistics 2025, Uttar Pradesh's milk production…
The National Institution for Transforming India (NITI Aayog) released the Investment Friendliness Index (IFI) on July 17, 2026, assessing investment ecosystems across 28 states and eight Union Territories. Gujarat…
RBI's Special Deposit Programme Raises Forex Reserves to Record $729.3 Billion
Key Updates:
- India's foreign exchange reserves hit a record $729.3 billion in the week ended August 21.
- The reserves rose by $12.4 billion, surpassing the previous high of $728.5 billion in February.
- A special deposit programme for overseas Indians attracted $72.8 billion through August 21.
- The programme helped India avoid a third consecutive year of deficit in its broadest measure of external money flows.
- The RBI bears hedging costs, estimated at $5.7 billion annually, to offer attractive interest rates.
- The RBI closed the programme ahead of schedule due to stronger-than-expected inflows, per Governor Sanjay Malhotra.
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Bajaj General Insurance Limited launches 'My Family Complete', India's first health insurance policy covering pets as family members
Key Updates:
- Bajaj General Insurance Limited (formerly Bajaj Allianz General Insurance Company Limited) announced on August 26, 2026, the launch of 'My Family Complete', described as India's first health insurance policy covering pet dogs and cats as family members.
- The unified plan replaces separate policies for human family members and pets with one health protection framework.
- The policy offers a balanced combination of indemnity and benefit-based payouts, with sum insured options from INR 5 Lakhs to INR 5 Crores and tenures of up to five years.
- It covers adults from 18 years onward, dependent children from 3 months to 30 years, and pet dogs or cats from 3 months of age with no upper limit.
- Coverage includes in-patient hospitalisation, room rent, road and pet ambulance services, pre- and post-hospitalisation expenses, domiciliary care, modern treatment methods, AYUSH hospitalisation for humans, organ donor expenses, and family visit reimbursements.
- The policy provides unlimited reinstatement of sum insured, cumulative bonuses of up to 100%, cataract treatment coverage, and fixed convalescence benefits for extended hospital stays.
- Pet-focused benefits include reimbursement for advertising and rewards if a pet is lost, emergency pet accommodation during hospitalisation of the pet parent, and third-party liability cover for injury, death, or property damage caused by the insured pet.
- Optional covers include Air Ambulance cover for humans and pets, Major Illness and Accident Multiplier, Double Sum Insured Benefit, Bundle of Joy benefit, Global Cover, Consumables Plus, Health Limitless, NRInsure, Paw Promise, Extended Pet Stay, and Long-Term Care cover.
- My Family Complete offers discounts across Family and Long-Term policies, along with Loyalty Benefits.
- Bajaj General Insurance Limited is a subsidiary of Bajaj Finserv Limited and holds an ICRA AAA rating from ICRA Limited.
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Bajaj General Insurance and Swiss Re Corporate Solutions have signed a memorandum of understanding (MoU) to explore a partnership in India's commercial insurance segment. The proposed partnership will focus on developing…
The Telangana government launched the Family Register initiative to issue Family Register Certificates through the MeeSeva platform. The Family Register will contain details such as Family Register Identification Number…
The Department of Financial Services (DFS), Ministry of Finance, launched India's first sovereign-backed Protection & Indemnity (P&I) insurance product under the Bharat Maritime Insurance Pool (BMIP). The P&I insurance…
Bajaj Finserv will invest ₹1,500-2,000 crore over five years to build scalability in Artificial Intelligence (AI), cybersecurity, and quantum technologies. The company introduced the Finserv Intelligence initiative to…
Yuko Keicho Appointed Vice President & Auditor General of World Bank Group
Key Updates:
- Yuko Keicho was appointed as the Vice President and Auditor General of the World Bank Group.
- She is a Japanese national.
- She will report to World Bank Group President Ajay Banga.
- She previously served as the Auditor General at the Asian Development Bank (ADB).
- She has more than three decades of experience in internal audit, governance, development finance, and risk management.
- She previously spent more than two decades at the World Bank Group, last serving as Director for Strategy and Operations in Internal Audit.
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Vivek Aggarwal has been elected as the Vice President of the FATF, an intergovernmental organisation that formulates global standards to combat money laundering and terrorist financing. Aggarwal is a 1994-batch Indian…
Neelkanth Mishra was appointed as India's Executive Director at the World Bank, representing a South Asian constituency comprising India, Bangladesh, Bhutan and Sri Lanka. The appointment was approved by the Appointments…
The Delhi High Court ordered the winding up of Paytm Payments Bank Limited (PPBL) and appointed former State Bank of India (SBI) Chief General Manager Girikumar M Nair as the Official Liquidator. The Reserve Bank of…
Dilip Asbe, the Managing Director and CEO of National Payments Corporation of India (NPCI), has been inducted into the global supervisory board of the Society for Worldwide Interbank Financial Telecommunication (Swift).…
Key Updates:
- Zhao Zongqi was stripped of his membership of the Chinese People's Political Consultative Conference (CPPCC) and removed from two other positions.
- He served as the first commander of the reorganised Western Theatre Command of the People's Liberation Army (PLA) from February 2016.
- He led the PLA during the 2017 Doklam standoff and the 2020 Galwan Valley clash with India.
- He was replaced as Western Theatre commander in December 2020 after reaching retirement age.
- His removal is part of a broader anti-corruption purge of senior military officers under President Xi Jinping.
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General Vishwa Nath Sharma, former Chief of Army Staff, passed away due to natural causes in New Delhi on July 31, 2026, at the age of 96. He was commissioned into the 16th Light Cavalry in 1950 and became the first…
China imposed export controls on 10 United States (US) companies involved in defence and rare earths mining. The action follows the US government blacklisting 80 companies, including Alibaba, Baidu, and BYD, for…
The United States removed Syria from its list of state sponsors of terrorism after 47 years. US Secretary of State Marco Rubio announced the removal, citing Syria's positive actions to distance itself from international…
China has rejected chilli consignments from three Indian exporters due to the presence of methamidophos at excessive levels. Methamidophos is an organophosphate pesticide that is not approved for use by growers in India.
Norway’s King Harald V Dies at 89
Key Updates:
- Norway’s King Harald V died aged 89 at the national hospital in Oslo, and a period of national mourning was declared.
- He was Norway’s first king born in Norway since the 14th century and ascended to the throne on 17 January 1991, reigning for 35 years.
- He was succeeded by his son Haakon, 53, as the new King of Norway.
- Born on 21 February 1937 at Skaugum estate near Oslo, he married Sonja Haraldsen, a commoner, in Oslo Cathedral on 29 August 1968.
- He represented Norway three times at the Olympics in sailing and was one of the initiators of the Norwegian branch of the World Wide Fund for Nature (WWF), serving as its president for 20 years.
- After the 2011 bomb and gun attacks in Oslo and on Utøya, he appealed to Norwegians to support each other and not let fear take over.
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UP Cabinet Approves Lokmata Ahilyabai Matrushakti Yojana for Lifetime Free Bus Travel for Women Aged 60 and Above
Key Updates:
- The Uttar Pradesh Cabinet, chaired by Chief Minister Yogi Adityanath, approved the 'Lokmata Ahilyabai Matrushakti Yojana' on August 25, 2026.
- The scheme provides lifetime free travel to women aged 60 and above residing in Uttar Pradesh on all public buses operated by the Uttar Pradesh State Road Transport Corporation (UPSRTC).
- Eligible women can avail the free travel facility by presenting a valid government identity proof such as a Voter ID card or identity card.
- Over 1 crore women in Uttar Pradesh are set to benefit from the scheme, which covers all 14,244 buses in the state fleet.
- The Uttar Pradesh Cabinet also approved a ₹400 crore proposal to procure 250 new electric buses.
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Tamil Nadu Chief Minister Vijay announced three free LPG cylinders per year for eligible beneficiaries. The cost of the three LPG cylinders will be credited directly to the bank accounts of eligible beneficiaries.
The Delhi government launched the Pink Saheli Smart Card Yojana on 2 March 2026 to provide free travel on Delhi Transport Corporation (DTC) and cluster buses operated by the Delhi Integrated Multi-Modal Transit System…
The Kerala government announced the launch of the Priyadarshini scheme to provide free travel for women and transgender persons on Kerala State Road Transport Corporation (KSRTC) ordinary buses. The scheme is scheduled…
The Annapoorani Super Six scheme will provide the cash value equivalent to three free LPG cylinders per year to eligible families. The scheme is expected to cover about 1.3 crore families at an annual cost of…
Union Minister G. Kishan Reddy launches Critical Minerals Innovation Hackathon 2026
Key Updates:
- Union Minister of Coal and Mines G. Kishan Reddy launched the Critical Minerals Innovation Hackathon 2026 (CMiH 2026).
- The hackathon aims to strengthen the objectives of the National Critical Mineral Mission by encouraging innovative technical solutions.
- It focuses on two problem statements: Mineral Prospectivity Mapping from Open Data and Smart Technology and Patent Tracker for Critical Minerals.
- The hackathon will be organized and hosted by JNARDDC, Nagpur, an autonomous body under the Ministry of Mines.
- The last date for idea submission is 20 September 2026.
- Winners will be announced during India Mining Week 2026, scheduled from 15–17 November 2026.
- Two winning teams will be awarded prizes for each problem statement: first prize of ₹1.50 lakh and second prize of ₹1.00 lakh.
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Kaho Kalidasa! is a biographical novel by author Yugul Joshi, published by Manjul Publishing House. The book launch was organised by the Kala Nidhi Division of the Indira Gandhi National Centre for the Arts (IGNCA) at…
The Indian Army expressed readiness to set up training centres for youth in various district headquarters of Telangana. Lieutenant General C Rajesh Pushkar, General Officer Commanding-in-Chief of the Southern Command…
The Ministry of Coal released the 'AAROH: Annual Report on Mine Closure' on July 23, 2026. The report documents the scientific closure of 42 coal mines, highlighting ecological restoration and sustainable post-mining…
DK Shivakumar took oath as the Chief Minister of Karnataka on 3 June 2026, with the oath administered by Governor Thawar Chand Gehlot at Lok Bhavan in Bengaluru. Dr G Parameshwara was sworn in as the sole Deputy Chief…
President Promulgates Ladakh High Court Bench Regulation
Key Updates:
- President Droupadi Murmu promulgated a regulation enabling the High Court of Jammu and Kashmir and Ladakh to hold sittings in Ladakh.
- The regulation, titled 'The Union Territory of Ladakh (Sitting of Bench of the High Court of Jammu and Kashmir, and Ladakh in Ladakh) Regulation, 2026', was promulgated on August 27 under Article 240 of the Constitution.
- The regulation provides a legal framework for a bench of the common High Court to sit in Ladakh.
- It keeps the existing principal seat of the High Court unchanged.
- It empowers the Chief Justice to direct that any case arising in Ladakh may be heard at Srinagar or Jammu.
- The regulation comes into force on a date specified by the Administrator of the Union Territory of Ladakh.
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The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the establishment of a bench of the High Court of Jammu and Kashmir and Ladakh in the Union Territory of Ladakh. Union Home Minister Amit Shah…
Justice Manmohan Singh Liberhan died at age 87 in Chandigarh. He was a former judge of the Punjab and Haryana High Court.
President Droupadi Murmu and North Macedonian President Gordana Siljanovska-Davkova jointly unveiled a bust of Mahatma Gandhi at the Museum of the City of Skopje in Skopje, North Macedonia. The unveiling took place…
The Uttarakhand cabinet approved the transfer of 38-hectares of forest land at Lamachaur in Haldwani for the proposed new Uttarakhand high court complex. The high court currently functions from a heritage building…
Meghalaya Launches CM-IMPACT Read & Rise Programme to Improve Foundational Literacy
Key Updates:
- The Meghalaya government launched the CM-IMPACT Read & Rise Meghalaya programme on August 26, 2026.
- The programme aims to improve foundational reading skills and address learning gaps among schoolchildren.
- It targets every child above the age of seven in Meghalaya to be able to read within three months.
- The initiative is part of the broader CM-IMPACT programme (Chief Minister’s Initiative for Maximising Pass Achievement and Classroom Triumph).
- The programme focuses on children with learning deficiencies and those in rural and remote areas.
- A teacher training guide titled 'Teacher Training Guide for Universal Reading Readiness Across Meghalaya' was released.
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The National Skill Development Corporation (NSDC) under the Ministry of Skill Development and Entrepreneurship launched a nationwide cloud and AI skilling initiative in collaboration with Amazon Web Services (AWS) and…
On National Handloom Day, Meghalaya Chief Minister Conrad K. Sangma inaugurated the Centre of Excellence for Eri silk weaving at the Integrated Textile Tourism Complex at Ri Sai, Nongpoh. The Centre of Excellence will…
Digital Infrastructure for Knowledge Sharing (DIKSHA) was launched in 2017 and is spearheaded by the National Council of Educational Research and Training (NCERT) in collaboration with the Central Institute of…
The National Family Health Survey-6 (NFHS-6) recorded a decline in stunting among children under five years in Meghalaya from 46.5% in NFHS-5 to 36.8%. NFHS-6 data shows that 76.4% of children in Meghalaya were breastfed…
FSSAI Proposes Front-of-Pack Warning Labels for Packaged Food High in Sugar, Fat or Salt
Key Updates:
- The Food Safety and Standards Authority of India (FSSAI) proposed front-of-pack warning labels on packaged food and drinks high in sugar, fat or salt.
- The proposed label is a red-coloured hexagonal shape for products high in any two or more nutrients—saturated fat, sugar or salt.
- The warning label will carry declarations such as 'HIGH FAT', 'HIGH SUGAR', 'HIGH SALT' and/or 'HIGHLY SWEETENED BEVERAGE'.
- The labelling will be implemented in phases to give industry time, and single-ingredient food products will be exempted.
- Currently, producers are required only to list ingredients and basic nutritional information on the back of packaging.
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Gujarat Launches Sports Genomics Programme to Create Athlete Genome Database
Key Updates:
- Gujarat has launched India's first state-level Sports Genomics Programme for athlete development.
- The programme is led by the Gujarat Biotechnology Research Centre (GBRC) under the state's Department of Science and Technology.
- It is a five-year initiative aiming to collect approximately 10,000 athlete samples, at a rate of 2,000 samples per year.
- The programme will create a Gujarat Athlete Genome Database combining genomic, physiological, and performance data.
- It will study genetic markers associated with endurance, power, training response, recovery, and injury susceptibility.
- Initial samples have been collected from tennis athletes, with planned expansion to sports like archery, fencing, judo, and shooting.
- The initiative is strategically important for Gujarat's preparations for the 2030 Commonwealth Games.
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The Mukhyamantri Yuva Suyog Platform was launched by Rajasthan Chief Minister Bhajan Lal Sharma on July 21, 2026. The platform aims to promote sports and identify talent at the grassroots level through competitions in…
The Union Cabinet approved a revamped Khelo India Scheme and enhanced assistance to National Sports Federations with a combined outlay of Rs 36,441 crore for 2026-27 to 2030-31. The Khelo India Scheme receives Rs 29,054…
The IGNITE programme provides total financial and operational support of Rs 2 crore, including a direct startup grant corpus of Rs 1.36 crore. The initiative will select 16 startups from across India through a…
The Gujarat Forest Department rolled out a plastic waste management project around Nalsarovar Bird Sanctuary with an outlay of ₹2.94 crore. The project is approved under the Project for Eco-Restoration in Gujarat (PERG)…
India Records Nearly 80% Decline in Malaria Cases and Deaths Between 2015 and 2025: Health Ministry
Key Updates:
- India recorded a nearly 80% decline in both malaria cases and deaths between 2015 and 2025, according to the Union Health Ministry.
- The number of high-burden malaria districts in India fell from 155 to 33 during the same period.
- Between 2022 and 2025, 160 districts reported zero indigenous malaria cases, indicating sustained interruption of local transmission.
- The 33 high-burden districts, spread across nine states and Union Territories, accounted for 64% of malaria cases and 54% of malaria deaths recorded in 2025.
- A high-level review was chaired by Aradhana Patnaik, Additional Secretary and Mission Director of the National Health Mission (NHM).
- Detailed state-wise reviews were carried out for Mizoram, Odisha, Tripura, Assam, Andhra Pradesh, Andaman and Nicobar Islands, Chhattisgarh, Jharkhand and Maharashtra.
- The ministry emphasised strengthening the routine 'Test, Treat and Track' approach, active surveillance, uninterrupted diagnostics and medicines, and district- and village-level action plans.
- India reiterated its commitment to the Sustainable Development Goal of eliminating malaria by 2030.
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World Mosquito Day is observed on August 20 every year. The day commemorates Sir Ronald Ross, a British army surgeon working in India, who in 1897 identified malaria parasites inside the gut of a female Anopheles…
The Peaceful Society Promotion Act, passed in July 2026, came into effect on August 24, 2026. The Act grants amnesty for offences committed between January 1, 2005 and July 16, 2025.
The Maharashtra government declared snakebite a notifiable disease, making reporting compulsory for all health institutions and medical practitioners. The decision aims to strengthen monitoring, ensure timely treatment…
The Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund's corpus increased by 17.8% to ₹8,452.07 crore in FY 2024-25 from ₹7,173.03 crore in FY 2023-24. Domestic donations to PM CARES…
Nepal and China Resume Flood Rescue After Glacial Lake Overflow Risk Eases
Key Updates:
- A glacier collapse on August 26 caused a catastrophic flood that killed 547 people in Nepal and five in China's Tibet, with nearly 1,400 missing.
- The flood unleashed a torrent of rock, ice, mud and debris through Himalayan mountain river systems.
- A barrier lake formed after the collapse, with its reservoir topping 2.5 million cubic metres before overflowing into the Lhende Khola and Trishuli rivers.
- The overflow raised the water level by about 0.6 metres and briefly suspended rescue operations for about three hours.
- Nepal and China resumed rescue operations after the lake's overflow risk was deemed manageable.
- The flood destroyed power stations, roads and bridges along the Kathmandu-Lhasa route.
- The Red Cross estimated that more than 90,000 people were affected and that relief trucks were blocked after the barrier lake broke its banks.
- China's Politburo called for stronger monitoring of glacier lakes, landslide risks and barrier lakes, and for closer international disaster cooperation.
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At least 105 Indian nationals are missing after a flash flood in the Bhote Koshi river in Rasuwa, Nepal. The Nepal Tourism Board reported 384 travellers missing, including 291 foreign nationals and 93 Nepali nationals.
India dispatched 10 tonnes of Humanitarian Assistance and Disaster Relief (HADR) supplies, including essential medicines, to Nepal. The relief material was carried by an Indian Air Force C-130J aircraft from Hindon…
US President Donald Trump signed an executive order on August 27, 2026, renaming Lake Ontario to 'Lake America'. The order directs the Interior Secretary to update the Geographic Names Information System to reflect the…
India and Nepal have agreed to complete mapping of cross-border land occupation within three years using unmanned aerial vehicles (UAVs). The joint survey is expected to begin after the monsoon, likely in September or…
Banas Bio-CNG Model Plant inaugurated in Banaskantha, Gujarat
Key Updates:
- The Banas Bio-CNG Model Plant was inaugurated at Vinchhiwadi in Dhanera taluka, Banaskantha district, Gujarat.
- It is a joint initiative of Banas Dairy, Suzuki Motor Corporation, and the National Dairy Development Board (NDDB).
- The plant includes a bio-CNG filling station and marks the launch of India's first rural-level cooperative-model 'Gramin Bharat Taxi' service with nine taxis.
- Suzuki Motor Corporation chairman Toshio Suzuki stated that Japan and India have jointly resolved to establish 1,000 biogas plants across India.
- The bio-CNG initiative involves an investment of Rs 250 crore and has expanded to four operational plants with a combined daily capacity of 340 metric tonnes.
- Banas Dairy chairman Shankar Chaudhary said Banaskantha, with around three million livestock, has the potential to support about 100 such plants.
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ICAR-Central Coastal Agricultural Research Institute (ICAR-CCARI) and Core CarbonX Solutions launch Carbon Pathshala for Goa farmers
Key Updates:
- The ICAR-Central Coastal Agricultural Research Institute (ICAR-CCARI) and Core CarbonX Solutions Pvt. Ltd. launched the Carbon Pathshala initiative in Goa, India.
- The workshop titled 'Carbon Pathshala: Voluntary Carbon Market (VCM) for Farmers' was held at ICAR-KVK in Old Goa.
- About 100 farmers from Keri, Priol, Madkai, Cumbarjua, and Karmali participated in the technical sessions.
- Researchers demonstrated field-scale biochar production using a portable pyrolysis unit that converts coconut and plantation waste into stable carbon.
- Farmers were trained on residue management, soil application techniques, and carbon accounting protocols for generating verified tradable carbon credits from biochar sequestration.
- The initiative links coastal agroforestry residue management to voluntary carbon trading platforms in India.
- Participating farmers gain dual benefits of long-term soil health enhancement and additional income through verified carbon credits.
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Hyderabad-based drone startup AkinAnalytics launched the indigenous NIKA2 Kisan medium drone for agricultural applications. Union Agriculture Minister Shri Shivraj Singh Chouhan unveiled the drone in New Delhi and…
The Vice-President of India launched the first non-GMO high-expansion popcorn maize hybrid seed at Musunuru in Andhra Pradesh. The hybrid seed was developed by Gourmet Popcornica, an indigenous enterprise.
Steel Authority of India Limited’s (SAIL) Bhilai Steel Plant (BSP) launched a CO₂ Dashboard for BSP and Chandrapur Ferro Alloy Plant (CFP), Chandrapur. The dashboard was inaugurated by Chittaranjan Mahapatra, Director…
The Union Ministry of Agriculture and Farmers' Welfare unveiled the 'Viksit Krishi and Samruddh Kisan' roadmap at the 98th ICAR Foundation Day on July 17, 2026. The roadmap targets developing 100 Climate Smart Villages…
Andhra Pradesh Approves Quantum and AI University Campus in Amaravati
Key Updates:
- The Andhra Pradesh government approved the establishment of a dedicated Quantum and Artificial Intelligence (AI) university campus in Amaravati.
- The campus will be set up by the National Institute of Electronics and Information Technology (NIELIT) under the Ministry of Electronics and Information Technology (MeitY).
- The Amaravati campus is described as India's first dedicated Quantum and AI university campus.
- It will be developed on 8.5 acres with an estimated investment of Rs 730.7 crore over five years, fully funded through MeitY grant-in-aid.
- Academic and advanced technology skill-development programmes will begin from September 2026 at a temporary facility at Acharya Nagarjuna University in Guntur.
- The campus will offer undergraduate, postgraduate, doctoral, diploma and executive programmes in areas including quantum computing, quantum communication and security, AI and machine learning, data science, semiconductor fabrication, chip design, VLSI, assembly-testing-marking-packaging, embedded systems and high-performance computing.
- A major component will be the Quantum Research, Innovation and Incubation Block, covering about 1.2 lakh square feet, with infrastructure for quantum computing, quantum communication, quantum photonics, quantum security, cryogenic systems, high-performance computing, cleanrooms, nano-fabrication, semiconductor technology, chip design, data centres and start-up incubation.
- The project is expected to train around 8,250 learners over five years, including 1,650 through formal degree programmes and 6,600 through skilling and certification programmes.
- NIELIT has proposed collaborations with IIT Tirupati, IIIT Sri City, Andhara University and JNTU institutions for academic programmes, research and technology development.
- The permanent campus will include smart classrooms, laboratories, hostels and a 500-bed residential facility, along with solar power generation, solar water heating, energy-efficient utilities, electric vehicle charging and scientific waste-management systems.
- The initiative is linked to the objectives of the National Quantum Mission, IndiaAI Mission and India Semiconductor Mission.
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The Andhra Pradesh government approved a 512-MW green integrated AI data centre project by AM AI Factory Pvt Ltd. The project involves an investment of over ₹31,387 crore and will be located at Amanam village in…
The Andhra Pradesh government signed a government-to-government Memorandum of Understanding (MoU) with the United Kingdom on 25 August 2026. The MoU aims to develop Amaravati as a world-class smart, sustainable and…
Punjab National Bank (PNB) and the Government of Andhra Pradesh signed a Memorandum of Understanding (MoU) to establish the PNB Quantum Finance Hub at Amaravati Quantum Valley (AQV). The hub is the first bank-led…
The Amaravati Quantum Valley (AQV) successfully reached a temperature of 4 Kelvin (-269°C) using a dilution refrigerator at the Quantum Reference Facility in Medha Towers, Andhra Pradesh. The project was initiated…
Union Minister Jitin Prasada visits Morocco for 7th India-Morocco Joint Commission Session (August 24-25, 2026)
Key Updates:
- Union Minister of State for Commerce and Industry Jitin Prasada is on an official visit to Morocco from August 24-25, 2026.
- Prasada will co-chair the 7th Session of the India-Morocco Joint Commission with Morocco's Secretary of State for Foreign Trade, Omar Hejira.
- The Joint Commission will review bilateral economic and commercial cooperation across sectors including trade, investment, agriculture, pharmaceuticals, renewable energy, and digital transformation.
- India and Morocco will sign a Memorandum of Understanding on food safety cooperation between the National Office of Food Safety of Morocco and the Food Safety and Standards Authority of India (FSSAI).
- The two countries will finalise a Cultural Exchange Programme for 2026-2030.
- Bilateral merchandise trade between India and Morocco stood at around USD 4 billion in 2025.
- Prasada will also participate in the India-Morocco Joint Business Forum in Rabat during the visit.
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Union Finance Minister Nirmala Sitharaman commenced a four-day official visit to France on July 1, 2026, to strengthen economic cooperation and the India-France Strategic Partnership. The Finance Minister will co-chair…
Union Minister of Commerce and Industry Piyush Goyal will undertake a three-day official visit to London, United Kingdom, from 25 to 27 June 2026. The visit precedes the entry into force of the India-UK Comprehensive…
Zanzibar President Hussein Ali Mwinyi paid an official visit to India from July 17 to 20, 2026. He met External Affairs Minister S Jaishankar and Vice President CP Radhakrishnan on July 19.
Japanese Defence Minister Shinjiro Koizumi visited India on August 20, 2026, and held meetings with Indian Defence Minister Rajnath Singh. India and Japan launched their first defence co-development project, the UNICORN…
Trump Announces Major United States-Venezuela Oil Deal with Nearly $100 Billion Investment on August 28, 2026
Key Updates:
- On August 28, 2026, United States President Donald Trump announced an agreement giving the United States majority control over 65 billion barrels of Venezuela's proven oil reserves.
- Secretary of State Marco Rubio said the agreement would bring Venezuela nearly $100 billion in private investment, support thousands of jobs and help rebuild Venezuela's economy.
- Secretary of State Marco Rubio and Defense Secretary Pete Hegseth negotiated the agreement in partnership with private companies.
- Venezuelan interim leader Delcy Rodríguez confirmed the agreement, saying it covers 17 strategic fields and would generate more than $209 billion in tax revenue for the state.
- Venezuela has the world's largest proven oil reserves.
- Venezuelan crude oil production reached 1.2 million barrels per day at the end of July, an increase of 29.8% since January.
- Trump said the agreement would more than double U.S. crude oil reserves and lower domestic gasoline prices.
- The announcement came during the six-month-old war against Iran, which has disrupted global oil supply.
- The agreement follows the overthrow and capture of Nicolás Maduro in January and the interim assumption of power by Delcy Rodríguez.
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State-owned Oil and Natural Gas Corp (ONGC) has secured a licence from the US Treasury's Office of Foreign Assets Control (OFAC) to resume full operations in Venezuela. ONGC's overseas investment arm, ONGC Videsh Ltd…
Acting President of Venezuela, Delcy Rodriguez, is on a working visit to India from June 3 to 7, 2026, to hold bilateral discussions with Prime Minister Narendra Modi. Rodriguez was appointed Acting President following…
The White House report titled 'The Great Transhipment Scam', prepared by US President Donald Trump's adviser Peter Navarro, estimated illegal transhipment of Chinese goods at roughly $60 billion. India was placed in Tier…
On August 24, 2026, US President Donald Trump announced a 50% tariff on Canadian automobiles, automotive parts, and steel, effective Jan. 1, 2027. The tariff was announced after US-Canada trade negotiations collapsed.
India and China announce 8-point boundary consensus ahead of Xi Jinping's September 2026 visit
Key Updates:
- India and China jointly announced an 8-point consensus following the Special Representatives (SR) dialogue co-chaired by Ajit Doval and Wang Yi.
- The consensus was announced ahead of President Xi Jinping's visit to India in September 2026.
- The two sides agreed to advance consultations for an early and substantial harvest of boundary delimitation and border management.
- The Expert Group on Boundary Delimitation and Working Group on Border Management agreed to first finalise their Terms of Reference.
- Two additional meeting points for military talks and two more military hotline channels were agreed for the Eastern and Middle Sectors.
- Both sides reaffirmed commitment to the 2005 Agreement on Political Parameters and Guiding Principles for Settlement of the India-China Boundary Question.
- Any ground situation along the Line of Actual Control (LAC) would be addressed through existing diplomatic and military channels, including the Working Mechanism for Consultation and Coordination on India-China Border Affairs (WMCC) and local commander-level meetings.
- India appreciated China's efforts to increase batches of the Kailash-Manasarovar Yatra, and both sides welcomed the reopening of three designated border trading points.
- India and China agreed to hold the next meeting of the India-China Expert-Level Mechanism on Trans-border Rivers in September 2026, including discussions on hydrological data sharing.
- The two sides agreed to hold the 26th round of SR Talks in India in 2027.
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India's National Security Advisor Ajit Doval arrived in Beijing for a two-day visit to attend the 25th round of Special Representatives' Talks on the India-China boundary question. The 25th round of Special…
India and Nepal have agreed to complete mapping of cross-border land occupation within three years using unmanned aerial vehicles (UAVs). The joint survey is expected to begin after the monsoon, likely in September or…
Indian National Security Adviser (NSA) Ajit Doval and Chinese Foreign Minister Wang Yi met on 22 June 2026 in New Delhi. The meeting was conducted on the sidelines of the BRICS National Security Advisers' meeting.
Border trade through the Nathu La Pass between India and China will resume on 1 August 2026, ending a suspension of over six years. Trade was suspended in 2020 due to the COVID-19 pandemic.
Trump Announces US Control of 65 Billion Barrels of Venezuelan Oil
Key Updates:
- President Donald Trump announced a deal giving the United States majority control of more than 65 billion barrels of Venezuela's proven oil reserves.
- The agreement involves a partnership with private business and comes at no cost to American taxpayers.
- Trump stated the deal would more than double US oil reserves and substantially lower gas prices.
- The announcement follows weeks of negotiations and occurs after the removal of former Venezuelan President Nicolás Maduro in January.
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PM Modi to visit Uzbekistan and Kyrgyzstan for bilateral talks and SCO Summit from Aug 29 to Sep 1
Key Updates:
- PM Modi will undertake a bilateral visit to Uzbekistan from August 29 to 30.
- He will then visit Kyrgyz Republic for the 26th SCO Summit from August 31 to September 1.
- During the Uzbekistan visit, he will hold delegation-level talks with President Shavkat Mirziyoyev.
- The leaders will review cooperation in trade, investment, defence, digital connectivity, energy, education, and people-to-people domains.
- PM Modi will also visit the Shastri Memorial and the Mahatma Gandhi Centre in Tashkent.
- In Kyrgyzstan, PM Modi will participate in the SCO Summit at the invitation of President Sadyr Zhaparov.
- The summit marks the 25th anniversary of the Shanghai Cooperation Organisation (SCO).
- India has been a full member of the SCO since 2017.
- PM Modi will address the summit, highlighting India's priorities on security, connectivity, and opportunity.
- He will hold bilateral meetings with SCO leaders on the sidelines.
- He will attend the opening ceremony of the 6th World Nomad Games.
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The Shanghai Cooperation Organization (SCO) Summit 2026 will be held in Bishkek, Kyrgyzstan, from August 31 to September 1, 2026. The summit marks the 25th anniversary of the SCO, with the slogan '25 years of the SCO…
Prime Minister Narendra Modi will visit France and Slovakia from June 13 to 18, attending the G7 Summit and the VivaTech technology event in Paris. In Nice, France, PM Modi and President Emmanuel Macron will jointly…
On August 3, 2026, India and Uzbekistan set ambitious targets to expand bilateral trade and investment at a business forum meeting. India proposed doubling bilateral trade from about $1.3 billion over the next three…
Prime Minister Narendra Modi is scheduled for the first-ever visit by an Indian Prime Minister to Slovakia since the establishment of diplomatic relations. The visit follows high-level engagements including a 2022 visit…
Larsen & Toubro Delivers Samarthak, Indian Navy’s First Indigenous Multi-Purpose Vessel on 27 August 2026
Key Updates:
- Larsen & Toubro delivered Samarthak, the Indian Navy’s first indigenous Multi-Purpose Vessel, at Kattupalli on 27 August 2026.
- Samarthak has over 75 percent indigenous content and was built under the Ministry of Defence’s ₹887 crore 'Buy (Indian)' contract signed with L&T in March 2022.
- The vessel was launched on 14 October 2024 at Kattupalli in a ceremony presided over by Admiral Dinesh K Tripathi, then Chief of Naval Staff.
- Samarthak is approximately 107 metres long and 18.6 metres wide, has a displacement of over 3,750 tons, and can attain a maximum speed of 15 knots.
- It is designed as a trials and evaluation platform to support maritime surveillance, reconnaissance, offshore patrolling, and humanitarian assistance and disaster relief operations.
- The vessel can tow ships, launch and recover targets, operate uncrewed autonomous vehicles, and support the launch and recovery of torpedoes.
- It can provide salvage support, logistics missions to India’s island territories, and humanitarian operations with limited hospital capability.
- Samarthak is the first of two multi-purpose vessels ordered under the contract.
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Goa Shipyard Limited (GSL) handed over the 51.43-metre fast patrol vessel ICGS Ajit to the Indian Coast Guard on 25 August 2026. The vessel, designated Yard 1277, was formally handed over after the First Reading…
Cochin Shipyard Limited (CSL) delivered the multi-purpose vessel 'MS Maria' to German shipping company HS Schiffahrts UG & Co. KG. The MS Maria is the second of eight vessels in the HS EcoFreighter series ordered by the…
INS Mahendragiri is a 6,670-ton indigenous stealth frigate capable of carrying BrahMos supersonic cruise missiles. The frigate was commissioned into the Eastern Fleet at Visakhapatnam, with Defence Minister Rajnath Singh…
The Indian Navy took delivery of Nipun, its second indigenously built diving support vessel, from Hindustan Shipyard Limited in Visakhapatnam. Nipun is a 118-metre ship displacing more than 8,560 tonnes, with more than…
Vice President releases book 'Sankalp Se Siddhi Ka Modi Yug' on August 27, 2026
Key Updates:
- Vice President C.P. Radhakrishnan released the book 'Sankalp Se Siddhi Ka Modi Yug' on August 27, 2026 at Uprashtrapati Bhavan, New Delhi.
- The book is authored by Rajya Sabha MP Ghanshyam Tiwari.
- The book traces Bharat's journey over the past twelve years, covering administrative achievements and ideological renaissance.
- The book presents the journey in the context of the vision of Viksit Bharat @ 2047.
- The Vice President noted that the author describes Prime Minister Modi as 'Setu Purush' (bridge between dreams and reality).
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The book 'RSS @100: A Century of Service, Unity & Sacrifice' was released by Vice President C. P. Radhakrishnan on July 17, 2026. The book is authored by Shyam Jaju and Anupam Trivedi.
Vice President C. P. Radhakrishnan released the book titled Sanskritir Ratna Bhandar: Bhaowaiyar Itibritto (Bhawaiya: A Cultural Treasure and Its Historical Journey) at Uprashtrapati Bhavan. The book is co-authored by…
Vice-President of India, Shri C. P. Radhakrishnan, released the book titled When Audit Matters: CAG Interventions That Made a Difference on June 3, 2026. The book was edited by the former Comptroller and Auditor General…
Vice President CP Radhakrishnan released a book titled Agatthiyar – The Unifier. The book release event took place at Uprashtrapati Bhavan in New Delhi.
Raksha Bandhan 2026 celebrated on August 28
Key Updates:
- Raksha Bandhan is celebrated on the full moon day of the Hindu month of Shraavan.
- In 2026, Raksha Bandhan falls on Friday, August 28.
- The festival commemorates the story of Goddess Indrani tying a sacred thread on Lord Indra before his battle with demons.
- Rituals include performing aarti, applying tilak, tying rakhi, and exchanging sweets and gifts.
- The festival celebrates the bond of love, care, and protection between brothers and sisters, including cousins and close family members.
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India will celebrate its 80th Independence Day on August 15, 2026. The theme for Independence Day 2026 is 'Yuva Shakti for Viksit Bharat@2047'.
World Sanskrit Day, also known as Sanskrit Diwas, is observed on Shravan Purnima, the full moon day of the Shravan month. In 2026, World Sanskrit Day falls on Friday, August 28.
Onam is a 10-day harvest festival celebrated in Kerala during the Malayalam month of Chingam (August-September). The main day of Onam, Thiruvonam, falls on Wednesday, August 26, 2026.
Income Tax Day is observed annually on July 24. In 2026, it marks 167 years since the introduction of income tax in India.
Asian Games 2026 in Aichi-Nagoya differ from Olympics in geography, sports programme and regional identity
Key Updates:
- The 2026 Asian Games, officially known as Aichi-Nagoya 2026, will be held in Japan's Aichi Prefecture with Nagoya as the main hub from September 19 to October 4.
- More than 11,000 athletes from 45 countries are expected to compete in the 2026 Asian Games.
- The Asian Games are the largest multi-sport event in Asia, held every four years and organised by the Olympic Council of Asia.
- Unlike the Olympics, the Asian Games are a continental competition open only to nations from Asia.
- Aichi-Nagoya 2026 will feature 43 sports, 71 disciplines and 469 events.
- Cricket, which is not an Olympic mainstay, will be played at the 2026 Asian Games and provides India with a major medal opportunity.
- The 2026 Asian Games are expected to offer 1,407 medals across 469 events.
- The Asian Games are built around a strong Asian regional identity, bringing together countries with different sporting cultures, economies and political systems.
- By the July deadline, more than 17,000 athletes and officials had registered for the event.
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Belgium defeats India 4-3 in shootout in FIH Hockey World Cup 7th/8th place clash
Key Updates:
- Belgium defeated India 4-3 in a penalty shootout after the FIH Hockey World Cup 7th/8th place classification match ended 3-3 in regulation time.
- Belgium goalkeeper Vincent Vanasch made two crucial shootout stops to help Belgium win.
- Harmanpreet Singh and Sukhjeet Singh missed India's shootout attempts, while India goalkeeper Mohith saved one.
- Harmanpreet Singh scored twice for India, including a penalty corner equaliser with 26 seconds remaining.
- Abhishek Nain scored India's first goal in the sixth minute from a Manpreet Singh assist.
- Roman Duvekot, Hugo Labouchere and Arthur De Sloover scored Belgium's regulation-time goals.
- Amit Rohidas earned his 250th international cap and Rajinder Singh earned his 50th cap in the match.
- India finished eighth at the FIH Hockey World Cup Belgium & Netherlands 2026.
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Indian women's hockey team won the International Hockey Federation (FIH) Nations Cup title by defeating New Zealand 2-0 in the final, earning promotion back to the FIH Pro League. Navneet Kaur and Sunelita Toppo scored…
India secured its first-ever bronze medal at the Asian Volleyball Confederation (AVC) Men’s Volleyball Cup 2026 by defeating Bahrain 3-1. The third-place playoff match was held at the Veer Savarkar Sports Complex in…
Hockey India announced the Indian Women’s Team for the International Hockey Federation (FIH) Hockey Women’s Nations Cup New Zealand 2025-26. The tournament is scheduled to be held from June 15 to 21 in Auckland, New…
The Indian U-18 men's hockey team defeated Japan 4-1 in the final held in Kakamigahara, Japan, to win the U-18 Asia Cup 2026. Ashish Tani Purti was named Player of the Match in the final and finished as the tournament's…
India defeats Germany 8-1 to win 1936 Olympic Hockey Gold
Key Updates:
- India defeated Germany 8-1 in the final of the 1936 Olympic hockey tournament held in Berlin.
- Major Dhyan Chand was part of the Indian team that won three consecutive Olympic gold medals in 1928, 1932, and 1936.
- India won six consecutive Olympic hockey gold medals from 1928 to 1956.
- Major Dhyan Chand is credited with more than 1,000 goals in his international career.
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National Doctors' Day is celebrated in India every year on July 1 to recognise the contribution of doctors to society. The theme for National Doctors' Day 2026 is "Behind the Mask: Who Heals the Healers?".
India celebrates National Space Day 2026 on August 23, 2026, marking the third annual celebration of the country's space achievements. The day commemorates the soft landing of the Vikram lander of Chandrayaan-3 on the…
The Union Cabinet approved a revamped Khelo India Scheme and enhanced assistance to National Sports Federations with a combined outlay of Rs 36,441 crore for 2026-27 to 2030-31. The Khelo India Scheme receives Rs 29,054…
The day is dedicated to raising awareness about the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). AB-PMJAY is a health insurance scheme of the Government of India providing annual health coverage of up to…
India Women's Hockey Team Gets ₹50 Lakh Reward
Key Updates:
- Hockey India announced a cash reward of ₹50 lakh for the Indian women's hockey team after their fifth-place finish at the FIH Hockey Women's World Cup 2026.
- India defeated world No. 5 Germany 3-1 in the fifth-place playoff in Amstelveen to record their best World Cup finish in 52 years.
- India's only defeat in six matches came during the tournament, with draws against China, England and Australia and a 6-1 win over South Africa.
- The fifth-place finish is India's best at the Women's World Cup since the inaugural 1974 edition, when they finished fourth.
- Under the reward, each player will receive ₹2 lakh and each support staff member will receive ₹1 lakh.
- Hockey India President Dilip Tirkey announced the reward and praised the team's resilience and fighting spirit.
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Indian women's hockey team won the International Hockey Federation (FIH) Nations Cup title by defeating New Zealand 2-0 in the final, earning promotion back to the FIH Pro League. Navneet Kaur and Sunelita Toppo scored…
Hockey India announced the Indian Women’s Team for the International Hockey Federation (FIH) Hockey Women’s Nations Cup New Zealand 2025-26. The tournament is scheduled to be held from June 15 to 21 in Auckland, New…
The Indian U-18 men's hockey team defeated Japan 4-1 in the final held in Kakamigahara, Japan, to win the U-18 Asia Cup 2026. Ashish Tani Purti was named Player of the Match in the final and finished as the tournament's…
Rajasthan received approval for 2,89,355 additional rural houses under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) with a total outlay of ₹3,473 crore. Union Minister for Agriculture and Farmers Welfare and Rural…
Key Updates:
- IIT Madras launched Phiball, a three-team basketball variant, on August 29, 2026, the eve of National Sports Day.
- The inaugural Phiball match was won by A M Jain College team.
- The match was held at IIT Madras.
- Phiball is played on a circular court with three teams competing simultaneously, requiring players to defend two rims.
- The game uses a 24-second shot clock and restricts players to three dribbles per possession.
- The setup cost for Phiball is under Rs 30,000, making it affordable for grassroots sports.
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MC²+ Ignite, an accelerator programme by the energy innovation platform MC²+, has been launched to support energy deep-tech startups. The inaugural cohort will include approximately 30 startups, each eligible for up to…
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 Road Transport and Highways (MoRTH) has launched a nationwide initiative to digitally map and assess the condition of bridges and other major structures across India's national highway network. A mobile…
Madras Day is celebrated on August 22 to commemorate the acquisition of land on the Coromandel Coast in 1639. The land was acquired by representatives of the English East India Company from local Nayak rulers.
