The Ministry of Cooperation introduced a standardised, risk-based audit-reporting framework under Section 73(6) of the Multi-State Co-operative Societies (Amendment) Act, 2023. It initially targets societies above Rs 1,000 crore and is planned to extend to the Rs 50-crore threshold.
Source ↗The Reserve Bank of India approved the amalgamation of Emirates NBD’s Indian branches with RBL Bank, effective December 1, 2026, under Section 44A(4) of the Banking Regulation Act, 1949. Emirates NBD operates branches in Mumbai, Chennai and Gurugram and acquired a 60% stake in RBL Bank in June 2026.
Source ↗The Commerce Ministry launched the NSTCC at Vanijya Bhawan to integrate trade data, monitor export-promotion schemes and regulatory applications, and provide product- and market-wise trade intelligence using DGFT systems and Trade Connect.
Source ↗NITI Aayog’s Frontier Tech Hub released a framework to help states evaluate data-centre proposals and infrastructure readiness. Its five pillars cover power and energy, water and cooling, environmental protection, economic value creation, and policy/governance; India’s capacity reached about 1.5 GW in 2026.
Source ↗The proposed Bharat Stage VII regime for new cars and SUVs would be introduced in three phases from April 2029, with later controls on brake and tyre emissions and stricter particle limits by April 2035. The proposal aligns with Euro 7 and reduces the permitted particulate-matter size from 23 nm to 10 nm.
Source ↗ADB and Japan signed financing agreements with AM Green Ammonia for a renewable-powered plant in Kakinada with planned annual capacity of about 1.1 million tonnes. The project includes a USD 100 million LEAP 2 loan and is to be developed in two phases by 2029–30.
Source ↗ICICI Prudential Life Insurance Company was rebranded as ICICI Life Insurance with the tagline ‘Har Kal Aasaan’, emphasising simpler and more transparent financial planning. The move marks its 25 years in India and supports the national ‘Insurance for All by 2047’ objective.
Source ↗INS Samarthak, the Indian Navy’s first indigenous multi-purpose vessel, was commissioned at INS Kadamba in Karwar. Built by Larsen & Toubro under Make in India, it has over 75% indigenous content and is the first major naval warship designed and delivered by an Indian private shipyard.
Source ↗ISRO completed crew-module and service-module separation tests at VSSC, validating the systems ahead of Gaganyaan-1, the first uncrewed mission targeted for 2026 and carrying the Vyommitra half-humanoid. The human-spaceflight mission is planned to place a three-member crew in low Earth orbit in 2027.
Source ↗SSIR and IISc opened a CSR-supported quantum research laboratory focused on qubit characterisation, cryogenic electronics, quantum-device reliability, single-photon sources and detectors, and advanced semiconductor materials. The initiative complements the National Quantum Mission, launched in 2023 with an outlay of Rs 6,003.65 crore.
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