The Ministry of Electronics and Information Technology notified the Mobile Phone Manufacturing Scheme (MPMS) with a budget of Rs 62,500 crore to scale up handset production in India, enhance global competitiveness, deepen domestic value addition, and strengthen manufacturing capabilities over a five-year period from FY27 to FY31.
Source ↗External Affairs Minister S Jaishankar held discussions with Russian President Vladimir Putin in Moscow to strengthen bilateral cooperation in key sectors including energy, fertilisers, nuclear energy, and high technology, reflecting India's strategic partnership with Russia.
Source ↗India and Russia held high-level discussions to expand cooperation across key strategic sectors, reinforcing their long-standing partnership and exploring new avenues for economic and technological collaboration.
Source ↗National Security Advisor Ajit Doval arrived in Beijing for the 25th round of Special Representatives' talks on the India-China boundary question, aimed at resolving the long-standing border dispute and maintaining peace in the frontier regions.
Source ↗Commerce Minister Piyush Goyal announced that India is negotiating free trade agreements with 8-9 additional trading blocs and countries representing a combined GDP of $15 trillion, aiming to cover 75% of global trade and boost India's export competitiveness.
Source ↗Unified Payments Interface (UPI) celebrated its 10th anniversary, having emerged as the world's largest real-time digital payment system, processing billions of transactions and revolutionizing digital financial inclusion in India.
Source ↗Finance Minister Nirmala Sitharaman will visit Canada and the United States from August 25 to September 2 to participate in the G20 Finance Ministers and Central Bank Governors meeting, discussing global economic challenges and multilateral cooperation.
Source ↗The Bihar government announced the formation of a five-member expert committee headed by a serving or retired judge to suggest comprehensive examination reforms and measures to prevent paper leaks in school, university, and competitive examinations.
Source ↗Banking sector unions announced plans for a nationwide strike on September 11, 2026, demanding implementation of five-day banking week, resolution of pension-related issues, and other service conditions affecting bank employees across the country.
Source ↗The National Bureau of Soil Survey and Land Use Planning released India's first comprehensive soil texture map using AI and satellite imagery technology, providing hectare-level data to farmers for better crop selection, irrigation planning, and land management.
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