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The Affairs
India & World Current Affairs
28 July 2026
60 stories · This Month
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India National
Kalpasar Project-India and Netherlands Partner to Build Gujarat Freshwater Reservoir Project
India and the Netherlands signed a historic Letter of Intent on 17 May 2026 for technical cooperation on Gujarat's ambitious Kalpasar Project — an engineering marvel that aims to build a 60.13 km dyke across the Gulf of Khambhat, creating the world's largest freshwater reservoir in a marine environment. The pact was sealed during Prime Minister Narendra Modi's visit to the Netherlands, where he inspected the iconic Afsluitdijk dam alongside Dutch Prime Minister Rob Jetten. The LoI, signed between India's Ministry of Jal Shakti and the Netherlands' Ministry of Infrastructure and Water Management, leverages Dutch expertise in marine dam construction to overcome decades of engineering challenges. The project's DPR is at finalization stage, with construction targeted for completion in 8 years post-approval. The Rs 1,00,200 crore project will store 7,800 million cubic meters of freshwater, irrigate 10.54 lakh hectares, reduce travel distance between Saurashtra and South Gujarat from 240 km to 60 km, and generate 2,500 MW of renewable energy. The accompanying Bhadbhut barrage is already 53% complete and slated for full operation by June 2027.
India National
NEET 2026 Cancelled: How a 'Guess Paper' from Rajasthan Brought Down India's Biggest Medical Entrance Exam
The NEET-UG 2026 examination, held on May 3 for over 22.79 lakh medical aspirants, was cancelled on May 12 after a Rajasthan Special Operations Group investigation uncovered a "guess paper" containing approximately 120 questions that matched the actual exam paper. The CBI has arrested five people across Maharashtra, Haryana, and Rajasthan, including three members of a Jaipur family. The re-exam date remains unannounced, leaving lakhs of students in limbo.
India National
Supreme Court Affirms Governor's Constitutional Remission Power Overrides CrPC Provisions
The Supreme Court recently clarified that sentence remission policies issued under the Governor's constitutional prerogative (Article 161) supersede statutory provisions of the Code of Criminal Procedure (Sections 432, 433). A bench of Justices Sanjay Karol and Nongmeikapam Kotiswar Singh declared the 2021 State of Haryana v. Raj Kumar judgment as per incuriam, thereby reinstating the 2010 Jagdish case precedent. This ruling establishes that the remission policy applicable at the time of a prisoner's conviction governs eligibility, preventing the retrospective application of stricter statutory norms.
India National
RBI's June 2026 FSR Confirms Resilient Indian Financial System Stability
The Reserve Bank of India's latest Financial Stability Report for June 2026 affirms the continued robustness of the nation's financial system, demonstrating strong resilience amidst an evolving global landscape. It highlights healthy capital and liquidity buffers across Scheduled Commercial Banks (SCBs) and Non-Banking Financial Companies (NBFCs), alongside improved asset quality. The report underscores the sector's capacity to withstand potential adverse shocks, reinforcing confidence in India's economic stability despite persistent external volatilities and geopolitical tensions.
India National
RBI Seeks Public Comments on Draft Directions to Revise NBFC-UL Identification Methodology
The Reserve Bank of India (RBI) has issued draft amendment directions seeking public comments until May 04, 2026, on revising the methodology for identifying Non-Banking Financial Companies in the Upper Layer (NBFC-UL). The proposed changes aim for a transparent asset-size-based criterion of ₹1,00,000 crore or more, replacing the existing two-pronged approach. Additionally, Government-owned NBFCs will now be considered for NBFC-UL inclusion, aligning with an ownership-neutral regulatory regime. The amendments also propose allowing NBFC-ULs to use.
World Global
US and Iran Leave Door Open for Dialogue, Potential Fresh Talks in Pakistan
Following tense discussions, the United States and Iran have indicated a willingness to keep the door open for dialogue, with President Trump suggesting fresh talks could resume in Pakistan within the 'next two days'. This development, reported on April 14-15, 2026, highlights ongoing efforts to de-escalate tensions and explore diplomatic solutions amidst a backdrop of regional conflict and US maritime blockades.
India National
Centre Amends Drugs Rules 1945 to Regulate Cell and Gene Therapies for Enhanced Oversight
The Union Government has introduced crucial amendments to the Drugs Rules, 1945, establishing a comprehensive regulatory framework for cutting-edge cell and gene therapies in India. This move aims to standardize the oversight of advanced medical interventions, including stem cell-based regenerative treatments and CAR-T cell therapies crucial for conditions like leukemia and lymphoma. By ensuring uniform national protocols for manufacturing, quality control, and clinical application, the government seeks to bolster patient safety and foster responsible innovation within the rapidly evolving biotechnology sector.
World Japan
India-Japan 2026 Summit Bolsters Defense, High-Tech, Indo-Pacific Cooperation
The India-Japan Summit on July 2, 2026, reinforced their 'Special Strategic and Global Partnership', focusing on expanded collaboration across critical sectors. Discussions involving Union Minister Piyush Goyal, Ambassador Nagma Mallick, and industry leaders emphasized enhanced defense co-production, advanced electronics manufacturing, and strengthening supply chain resilience. The summit underscored a shared commitment to a free and open Indo-Pacific, addressing regional stability and promoting mutual strategic interests through high-tech cooperation and diversified economic frameworks.
India National
Japanese Prime Minister Sanae Takaichi to visit New Delhi for 16th India-Japan Annual Summit
Japanese Prime Minister Sanae Takaichi is scheduled to undertake an official visit to New Delhi from July 1 to 3, 2026, to participate in the 16th India-Japan Annual Summit. This significant diplomatic engagement, announced by the Ministry of External Affairs on June 26, 2026, follows a formal invitation extended by Prime Minister Narendra Modi. The summit series serves as a crucial platform for high-level bilateral discussions and strategic reviews between the two nations.
World Global
India Demands Accountability at UNSC for Record Child and School Attacks
India has strongly urged the UN Security Council (UNSC) to ensure accountability for perpetrators targeting children and schools in conflict zones. This demand follows alarming 2025 data, which verified 38,558 grave violations affecting 24,174 children globally. This figure marks the highest number of child victims recorded since the inception of the monitoring mandate, underscoring a severe and escalating crisis requiring robust international enforcement and legal action against those responsible for these atrocities.
India National
RBI Reports Forex Reserves Decline, Banking Deposits Dip in Latest Bulletin
India's foreign exchange reserves decreased by $963 million to $672.6 billion for the week ending June 19, 2026, according to the RBI's weekly statistical supplement. This contraction occurred despite a $4.1 billion surge in gold reserves, as foreign currency assets experienced a $3 billion fall. Concurrently, scheduled commercial banks reported a substantial ₹1.6 lakh crore drop in aggregate deposits for the fortnight ending June 15, while bank credit grew marginally by 0.1%, reflecting divergent trends in external and domestic financial accounts.
World Middle East
Iranian attack on Kuwait kills one, injures 63
An Iranian attack on Kuwait on June 3, 2026, resulted in one death and 63 injuries, according to the Kuwaiti Health Ministry. The strike damaged national infrastructure, including Kuwait's main airport. At least 63 injured, one killed in Iran’s attack on Kuwait: Health Ministry At least 63 people were injured and one person was killed after an Iranian attack struck Kuwait, damaging infrastructure including the country’s main airport, according to Kuwaiti authorities At least 63.
India National
Supreme Court Rules Independent Cooperative Societies Not 'State' Under Article 12
The Supreme Court has ruled that independent cooperative societies do not fall within the definition of 'State' under Article 12 of the Constitution, and thus their election processes are not amenable to writ jurisdiction under Article 226. This significant legal interpretation clarifies the scope of judicial intervention in the affairs of autonomous cooperative bodies, impacting governance and administrative law for such entities.
World Global
IMF Warns Middle East War Could Derail Global Economy, Projects 3.1% Growth
The International Monetary Fund (IMF) has warned that the ongoing conflict in the Middle East could 'throw off course' the global economy, even as it projected a 3.1 percent growth for the year. This assessment was released as part of its World Economic Outlook report on April 14, 2026, during its spring meetings in Washington, highlighting geopolitical risks to economic stability.
India National
RBI Finalizes Master Directions for Credit Derivatives and Total Return Swaps
The Reserve Bank of India has issued the final Master Direction (Credit Derivatives) Directions, 2026, officially introducing credit index derivatives and total return swaps on corporate bonds. This regulatory framework, which incorporates market feedback, originates from the FY 2026-27 Union Budget and subsequent policy statements. The initiative aims to significantly deepen India's domestic corporate debt market by providing sophisticated tools for effective credit risk management and enhancing liquidity.
India National
Supreme Court receives plea to declare forced religious conversion a 'terrorist act'
The Supreme Court of India received a Public Interest Litigation (PIL) on April 17, 2026, seeking directions to declare forced religious conversion a 'terrorist act'. This plea highlights ongoing concerns about religious freedom and national security, prompting the highest court to consider the gravity and implications of such conversions within the existing legal framework.