The Union Cabinet approved two semiconductor projects under India Semiconductor Mission (ISM) 1.0 with an investment of approximately Rs 3,936 crore. The projects include India's first commercial Gallium Nitride (GaN) based Mini/Micro-LED display facility by Crystal Matrix Limited and a semiconductor packaging unit by Suchi Semicon Private Limited in Gujarat.
Source ↗The Union Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to help MSMEs and the airline sector mitigate liquidity stress caused by the crisis in West Asia. The scheme provides 100% credit guarantee coverage for MSMEs and 90% for non-MSMEs and airlines through the National Credit Guarantee Trustee Company Limited.
Source ↗The Union Cabinet approved an amendment to increase the sanctioned strength of the Supreme Court from 33 to 37 judges (excluding the Chief Justice of India) to improve judicial efficiency and reduce case pendency.
Source ↗The Cabinet Committee on Economic Affairs approved three major railway multi-tracking projects worth Rs 23,437 crore covering 19 districts across six states including Madhya Pradesh, Rajasthan, Uttar Pradesh, Karnataka, Andhra Pradesh, and Telangana, along with a Rs 1,570 crore ship repair facility at Vadinar, Gujarat.
Source ↗According to Ministry of Finance data, Scheduled Commercial Banks recorded a 15.9% year-on-year growth in non-food credit during FY2025-26. The services sector saw the highest growth at 19%, while credit to agriculture and industry grew by 15.7% and 15.0% respectively.
Source ↗The inaugural International Big Cat Alliance Summit in Delhi will host representatives from 95 countries to adopt the 'Delhi Declaration' for global big cat conservation and transboundary cooperation. The India-led coalition aims to halt the decline of seven big cat species.
Source ↗The Ministry of Defence signed a contract with Bharat Electronics Limited for the procurement of five Ground-Based Mobile Electronic Systems for the Indian Army. These systems, designed by DRDO, provide electronic intelligence, communications intelligence, and counter-drone capabilities.
Source ↗The Department for Promotion of Industry and Internal Trade issued a revised framework to expedite Foreign Direct Investment proposals from countries sharing a land border with India. Proposals in 40 identified sub-sectors, including rare earth magnets and Printed Circuit Boards, will now be processed within a 60-day window.
Source ↗Defence Minister Rajnath Singh and Vietnam's Phan Van Giang met in New Delhi to strengthen strategic trust and review ongoing defence cooperation. The bilateral ties were elevated with a focus on manufacturing, supply chain resilience, and Indo-Pacific stability, targeting 25 billion dollars in trade by 2030.
Source ↗The International Organisation for Migration's World Migration Report 2026 stated that India received over USD 137 billion in remittances in 2024, maintaining its status as the world's top recipient. The United States remains the primary source of these global remittance outflows.
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