Under the Made In India initiative, the Ministry of Defence has identified 405 items ranging from helicopters to warships for domestic production to strengthen national defense manufacturing. This move aims to reduce import dependency and enhance self-reliance in military hardware.
Source ↗India has signed a significant agreement with a US firm to lease two MQ-9B Sea Guardian drones valued at Rs 1,943 crore for the Indian Navy. The deal aims to bolster India's defense capabilities and enhance maritime surveillance in the Indian Ocean Region.
Source ↗Indian security forces successfully busted a major terror ring backed by Pakistan's ISI, leading to the arrest of 253 operatives across 14 states. The timely intervention prevented a large-scale plot intended to disrupt Independence Day celebrations.
Source ↗Student leader Devendra Mahto ended his 16-day hunger strike after the Jharkhand government led by CM Hemant Soren agreed to cancel the JSSC-CGL recruitment examination due to irregularities. A high-level committee has been established to suggest reforms in the state's examination processes.
Source ↗The Indian mutual fund industry has reached a new milestone with assets under management (AUM) surging to a record high of Rs 85.76 lakh crore. This growth reflects increasing investor confidence and the formalization of the Indian economy.
Source ↗The Supreme Court has instructed the Karnataka government to adhere to existing orders regarding the release of Cauvery River water to Tamil Nadu. This directive comes amid ongoing inter-state water disputes and seasonal water shortages affecting agricultural activities.
Source ↗Iranian President Masoud Pezeshkian is scheduled to visit India for the upcoming BRICS Summit to hold bilateral talks with Prime Minister Narendra Modi. The visit is expected to focus on regional cooperation, the International North-South Transport Corridor, and energy security.
Source ↗The Reserve Bank of India has decided to prematurely close the Foreign Currency Non-Resident (Bank) deposit swap window. Bankers have supported this prudent measure as many public and private sector banks have already achieved their internal funding targets.
Source ↗Researchers at IIT Bombay have developed a low-cost catalyst aimed at making the production of green hydrogen more affordable. This innovation is significant for India's clean energy goals and reducing the carbon footprint of industrial processes.
Source ↗The Maharashtra government has announced that its new anti-conversion law will officially take effect from August 28, 2026. Following this notification, police departments have begun dropping or modifying previous charges in religious conversion cases to align with the new legal framework.
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