Prime Minister Modi commissioned three indigenously built naval vessels in Kolkata: advanced frigate INS Dunagiri, survey vessel INS Sanshodhak, and anti-submarine craft INS Agray. Built by GRSE with over 75% indigenous content to enhance maritime security.
Source ↗RBI issued final framework for KCC scheme standardizing crop season definitions for uniform loan processing. Waived collateral requirement for agricultural loans up to Rs 2 lakh per borrower. New directions apply to all commercial, regional rural, and cooperative banks from January 1, 2027.
Source ↗India's key infrastructure industries witnessed sharp slowdown in growth to 0.5% in May, driven by declines in coal and refinery products output amid ongoing crisis.
Source ↗Supreme Court ruled that citizens have a fundamental right to safe, demarcated footpaths under the Constitution. Citizens can seek independent compensation for violations outside the Motor Vehicles Act, placing non-negotiable duty on state to provide pedestrian infrastructure.
Source ↗India recorded significant surge in Foreign Direct Investment in April 2026, reaching a five-year peak at $6.6 billion, indicating strong investor confidence in the Indian economy.
Source ↗40-member Indian Army contingent from JAT Regiment participating in 23rd edition of multilateral joint military exercise in Ulaanbaatar, Mongolia (June 20 - July 3, 2026). Over 1,000 personnel from 18 countries focusing on peacekeeping readiness and joint operational coordination.
Source ↗India's first passive-only AMC launched target-date mutual funds with target years 2036 and 2041, using dynamic glide-path strategy. Funds automatically shift asset allocation from equity-heavy to debt-heavy as target year approaches, providing automated goal-based investment solution.
Source ↗Rs 32 crore organic spice processing unit inaugurated in Ri-Bhoi District, Meghalaya. Established under MOVCD-NER scheme with IFAD support, facility can process over 10,000 metric tonnes of organic spices annually, benefiting approximately 5,500 farmers.
Source ↗Appointments Committee of Cabinet approved reappointment of Tushar Mehta as Solicitor General of India for three-year term effective from July 1, 2026. This makes him one of the longest-serving Solicitors General in India's history.
Source ↗Indian Women's Hockey Team clinched championship by defeating New Zealand 2-0 in final held in Auckland. Victory earned team promotion to Women's FIH Pro League 2026-27, marking significant achievement for Indian sports.
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