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28 July 2026

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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.

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.

Ministry of Home Affairs Sets 2027 for Nationwide Census of India

The Ministry of Home Affairs has scheduled the next decennial Census of India for 2027. Originally due in 2021, the census was delayed by the pandemic, and will mark India's first digital census with self-enumeration.

Home Minister to Introduce Bill Criminalizing Insults to National Song Vande Mataram

Home Minister Amit Shah is set to table the Prevention of Insults to National Honour (Amendment) Bill, 2026, in the Rajya Sabha, seeking to criminalize insults to the National Song 'Vande Mataram'.

EAM Jaishankar Launches India's Bid for 2028-29 UNSC Non-Permanent Seat

External Affairs Minister S. Jaishankar has officially launched India's campaign for a non-permanent United Nations Security Council seat for the 2028-29 term. The election in June 2027 will feature a direct contest with Tajikistan for the sole Asia-Pacific seat.

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.

Odisha Government Announces Free Education from Kindergarten to Postgraduate Level

On June 12, 2026, Odisha Chief Minister Mohan Charan Majhi announced a historic policy to provide completely free education from Kindergarten to Postgraduate level in all government-run institutions across the state.

Supreme Court Declares Homemakers "Nation Builders," Valuation Set at ₹30,000 Minimum Notional Income

In a historic verdict delivered on June 11, 2026, the Supreme Court of India recognized homemakers as "nation builders." The Court ruled that unpaid domestic work must be economically valued, setting a minimum notional monthly income of ₹30,000.

NFHS-6 Reports India's Total Fertility Rate Stabilized Below Replacement Level at 2.0

The Union Health Ministry officially released the National Family Health Survey-6 (NFHS-6) report on May 29, 2026. The findings confirm that India's Total Fertility Rate (TFR) has stabilized at 2.0, dropping below the replacement level of 2.1.

Zojila Tunnel Project Reaches Milestone with Final Excavation Breakthrough

The strategic Zojila Tunnel project achieved its final excavation breakthrough on June 9, 2026. Once operational, the 13.15-kilometer tunnel will provide crucial all-weather road connectivity between Srinagar and Ladakh.

Supreme Court Rules Homemakers Unpaid Work Worth At Least ₹30,000 Per Month: A Landmark Legal Recognition

In a landmark judgment, the Supreme Court of India ruled that the unpaid domestic labor of homemakers must be valued at a minimum of ₹30,000 per month when calculating compensation in motor accident claims, recognizing them as "nation builders."

RBI Reports $2 Billion Current Account Deficit for May 2026 as Trade Gap Widens

The Reserve Bank of India has reported a Current Account Deficit (CAD) of $2 billion for May 2026. The deficit is attributed to a widening merchandise trade gap driven by increased oil and gold imports.

India-UK Trade Deal: Zero Duty Access for Textiles and Gems Begins

Zero duty access for Indian textile and gemstone exports to the United Kingdom has formally commenced on July 15, 2026. The trade concessions mark the initial phase of the bilateral Free Trade Agreement.

Russia Delivers Fourth AI-Enabled S-400 Squadron to India

Russia delivered the fourth AI-enabled S-400 squadron to India on June 3, 2026, following delays attributed to the Russia-Ukraine conflict. Three squadrons are already in service. Russia delivers fourth squadron of AI-enabled S Three S-400 squadrons have already been inducted into service; the fourth has now arrived, following delays linked to the Russia-Ukraine conflict

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.

Bureau of Indian Standards Releases First National Standard for Community Seed Banks (IS 20201:2026)

The Bureau of Indian Standards (BIS) has released IS 20201:2026, the country's first national standard for Community Seed Bank (CSB) Management. This voluntary standard aims to preserve indigenous crop varieties and boost biodiversity.

ICAR Launches "Oilseeds Kisaan Mitra" Multilingual AI WhatsApp Chatbot for Farmers

The Indian Council of Agricultural Research (ICAR) has launched 'Oilseeds Kisaan Mitra,' a WhatsApp-based multilingual AI advisory platform (+91 4024598180). Developed by ICAR-IIOR, Hyderabad, the tool provides 24/7 agricultural guidance.

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.

Congress Urges Allies to Protect 1971 Census Freeze for Delimitation

The Congress party is urging allies like the DMK and TDP to defend the 1971 Census baseline for seat allocation, warning that redrawing boundaries based on current data would penalize states with successful population control.

RBI Schedules ₹1.25 Lakh Crore Variable Rate Repo Auction for July 20

To address evolving liquidity conditions, the Reserve Bank of India will conduct a Variable Rate Repo (VRR) auction on July 20, 2026. The central bank has notified an amount of ₹1,25,000 crore for a seven-day tenor.

RBI Issues Draft Guidance on Data Governance for Regulated Entities

The Reserve Bank of India has released draft guidelines on data governance for banks and financial institutions. The framework aims to ensure data privacy, security, and integrity across regulated entities.

Supreme Court Rules Government Can Revise Mineral Royalty Rates Irrespective of Lease Deeds

A 9-judge Constitution Bench of the Supreme Court has ruled that the government has the sovereign power to revise mineral royalty rates, overriding terms in historical mining lease deeds. The court reaffirmed that mineral royalty is not a tax.

Foreign Contribution (Regulation) Amendment Bill, 2026: Understanding the NGO Regulations Controversy

The Foreign Contribution (Regulation) Amendment Bill, 2026 proposes the creation of a Designated Authority to vest and manage assets of NGOs whose registration is cancelled or expired, sparking a debate on civil society autonomy.

Indian Passport is a Travel Document, Not Conclusive Proof of Citizenship: MEA

The Ministry of External Affairs clarified at the 14th Passport Seva Divas that an Indian passport is primarily a travel document attesting to nationality for international compliance, and does not serve as a final judicial proof of citizenship.

RBI to Auction State Government Securities Worth ₹21,700 Crore on July 21

The Reserve Bank of India has scheduled an auction for state government securities totaling ₹21,700 crore on July 21, 2026. Twelve states and Union Territories will participate.

India Maharashtra

RBI Restricts Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Operations

The RBI has placed Nashik-based Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank under strict operational restrictions starting July 17, 2026. Citing supervisory concerns, the regulator has capped individual withdrawals at ₹1 lakh and prohibited the bank from issuing new loans or accepting fresh deposits for six months.

PM Modi to Launch India’s First Hydrogen Train and ₹25,000 Crore Infrastructure Projects

Prime Minister Narendra Modi is scheduled to launch India's first hydrogen-powered passenger train and inaugurate development projects worth ₹25,000 crore. The initiatives aim to promote green energy in railways.

RBI Financial Inclusion Index Hits 70.0 in FY26, Usage Drives Gains

The Reserve Bank of India's Financial Inclusion Index (FI-Index) rose to 70.0 for the financial year ended March 2026. The improvement was driven primarily by gains in the financial usage parameter.

India Tamil Nadu

Ransomware Group Posts Data Linked to Kudankulam Nuclear Power Plant on Dark Web

A cybercriminal ransomware gang has leaked internal data allegedly linked to the Kudankulam Nuclear Power Plant on the dark web. Officials have initiated investigations to assess potential security breaches.

RBI Overhauls Bank Governance Norms to Prioritize Strategic Board Oversight

The Reserve Bank of India has issued revised corporate governance norms for commercial banks. The guidelines separate executive management from board oversight and cap the tenure of independent directors at 15 years.

RBI Sets Premature Redemption Price for Sovereign Gold Bond 2020-21 Series IV

The Reserve Bank of India has fixed the premature redemption price for Sovereign Gold Bond 2020-21 Series-IV at ₹14,307 per unit. Investors who subscribed to this tranche in July 2020 can exit on July 14, 2026.

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.

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.

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.

RBI Announces Auction of ₹24,000 Crore Treasury Bills on April 29, 2026

The Reserve Bank of India will conduct an auction for ₹24,000 crore of Government of India Treasury Bills (91-day, 182-day, and 364-day) on April 29, 2026. The settlement date is April 30, 2026. The auction will use the multiple price method, and retail investors can participate via the RBI Retail Direct portal.

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.

India Jammu and Kashmir

Flash Floods in Jammu and Kashmir Kill Eleven; Amarnath Yatra Suspended

Severe flash floods triggered by heavy rains in Jammu and Kashmir have claimed at least 11 lives, prompting the suspension of the Amarnath Yatra on both routes. Rescue operations are underway.

Punjab and Haryana High Court: Dissent and Sloganeering Are Not Sedition

The Punjab and Haryana High Court has ruled that expressing dissent or sloganeering against the government does not qualify as sedition. The court clarified that the legal threshold for sedition requires clear incitement to violence.

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.

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.

Delhi Police Enforce Section 163 BNSS Ahead of Planned Parliament March

Delhi Police have enforced Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS) in New Delhi district to block a planned Parliament protest march by the Cockroach Janta Party.

Kerala High Court Stays Operations of State Waqf Board Over Composition Dispute

The Kerala High Court has stayed all executive decisions and operations of the State Waqf Board. The stay follows a petition challenging the structural composition of the board under the Waqf Act, 1995.

Ladakh Restructured: Government Announces Five New Districts to Boost Local Governance

The Ministry of Home Affairs has finalized the boundary definitions and administrative setups for the five new districts in Ladakh: Sham, Nubra, Changthang, Zanskar, and Drass. The restructuring aims to improve administrative access and public service delivery.

India Chhattisgarh

Chhattisgarh Establishes Uniform Civil Code Drafting Committee Headed by Justice Ranjana Desai

The Chhattisgarh government has constituted a five-member committee, chaired by former Supreme Court Justice Ranjana Prakash Desai, to draft a state-level Uniform Civil Code (UCC) bill. This significant initiative aims to standardize personal laws within the state, aligning legislative efforts with the constitutional directive outlined in Article 44. The panel's formation marks a definitive step towards formal legal preparation, transitioning from policy discussions to the actual drafting of a unified legal framework for personal matters across all communities in Chhattisgarh.

Supreme Court's Delhi Metro Ruling Damaged Arbitration Integrity, Says Justice Bhuyan

Supreme Court Justice Ujjal Bhuyan warned that the recent Delhi Metro judgment damaged India's arbitration framework by overriding the finality of arbitral awards via curative jurisdiction.

Revanth Reddy Urges PM Modi for United Southern Front on Delimitation Concerns

Telangana Chief Minister Revanth Reddy has written to Prime Minister Narendra Modi, urging southern states to unite on the issue of delimitation and its potential impact on parliamentary representation. The letter, reported on April 15, 2026, argues that the Women's Reservation Bill, delimitation, and seat increases are distinct matters, signaling strong regional concerns over impending legislative changes.

RBI Governor Urges Banks to Adopt AI and Enhance Cybersecurity Standards

RBI Governor Shaktikanta Das has urged commercial banks to deploy artificial intelligence and machine learning in fraud detection. Speaking at a conference, he warned of rising digital frauds and emphasized proactive threat modeling.

SEBI Notifies Foreign Venture Capital Investors (Amendment) Regulations, 2026

The Securities and Exchange Board of India (SEBI) has notified the Foreign Venture Capital Investors (Amendment) Regulations, 2026. The new rules streamline compliance and mandate registration through designated depository participants.

RBI to Conduct ₹34,000 Crore Underwriting Auction for 6.94% GS 2036 on July 3, 2026

The Reserve Bank of India (RBI) will conduct an underwriting auction for the re-issuance of the 6.94% Government Security (GS) 2036, totaling ₹34,000 crore, on July 3, 2026. This crucial multiple price-based auction, utilizing the e-Kuber system, mandates Primary Dealers to submit bids within a short window. Each dealer faces a significant Minimum Underwriting Commitment and Additional Competitive Underwriting requirement of ₹810 crore, ensuring successful subscription of government market borrowing and liquidity in the G-Sec market.

India and Japan Review Defense Ties Ahead of 2+2 Ministerial Dialogue

India and Japan held high-level defense reviews on July 14, 2026, to assess bilateral military cooperation and defense industrial ties. The meeting prepares the ground for the upcoming 2+2 Ministerial Dialogue.

SEBI Enables Systematic Withdrawal and Transfer Plans for Demat Mutual Funds

SEBI has mandated depositories and RTAs to support Systematic Withdrawal Plans (SWP) and Systematic Transfer Plans (STP) for mutual fund units held in demat accounts, ensuring operational parity with Statement of Account holdings.

India Adds 9,911 MBBS Seats for 2026-27 Session, Total Hits 1,36,939

The Ministry of Health and the National Medical Commission have approved the addition of 9,911 MBBS seats for the 2026-27 academic session. This expansion brings the total number of medical seats in India to 1,36,939.

Delhi Government Finalizes Eligibility Criteria for ₹2,500 Monthly Lakshmi Yojana

The Delhi government has finalized the eligibility guidelines for the Delhi Lakshmi Yojana, a welfare scheme providing ₹2,500 monthly to women aged 21-60. The funds will be distributed via Direct Benefit Transfer.

Supreme Court Mandates Bar Council of India to Audit Lawyer Disciplinary Systems

The Supreme Court of India has directed the Bar Council of India (BCI) to audit its disciplinary proceedings against advocates. The court expressed concern over extensive delays in resolving professional misconduct complaints.

Indian Railways Achieves 4.02% Freight Volume Growth, Boosting Revenue in June

Indian Railways demonstrated robust performance in June 2026, recording a significant increase in freight traffic. The network moved 142.21 million tonnes of cargo, a notable rise from 136.71 million tonnes transported in June 2025. This 4.02% year-on-year growth in cargo throughput not only signifies enhanced logistical capabilities but also generated an additional revenue of approximately ₹430 crore, underscoring the vital role of rail freight in national economic activity and infrastructure utilization.

RBI Updates Citizen's Charter to 213 Services, Achieving 99.9% Processing Efficiency

The Reserve Bank of India (RBI) recently enhanced its Citizen's Charter, expanding the scope to cover 213 distinct services. This significant update involved the inclusion of 14 new service categories and modifications to the timelines for four existing ones, reflecting a commitment to improved operational transparency. Performance data for June 2026 highlighted exceptional efficiency, with 18,563 out of 19,177 applications processed adhering strictly to prescribed deadlines, resulting in an impressive 99.9% on-time completion rate across its various departments. This demonstrates the central bank's robust internal processing capabilities.

INL Alleges Conspiracy Behind Kerala Government’s Move to Reconstitute Waqf Board

The Indian National League has accused the Kerala government of conspiring to restructure the State Waqf Board to bypass its legal position on the Munambam land dispute.

Government Adds 25 New Medical Colleges, Raising Total MBBS Seats to 63,296

The Union Government has approved the establishment of 25 new medical colleges across multiple states. The decision raises the total number of government medical college MBBS seats to 63,296.

RBI Sets Sovereign Gold Bond Redemption Price at ₹14,158 Per Unit

The Reserve Bank of India has fixed the premature redemption price for two Sovereign Gold Bond tranches at ₹14,158 per unit, based on average gold prices preceding the exit windows.

Indians Account for Nearly Half of Seafarer Deaths in Hormuz Crisis

International maritime security reports indicate that Indian nationals account for nearly half of seafarer deaths in the ongoing Strait of Hormuz shipping crisis. The development raises concerns for Indian merchant navy personnel safety.

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