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Friday, July 31, 2026

Daily GK Update- 31st July, 2026

 NATIONAL UPDATES:

 

1. Vizag Port Handles 50.87% of Marine Exports in 2025: Visakhapatnam Port, also known as Vizag Port, handled 50.87% of India’s total marine product exports in FY 2024-25. The port accounted for 48.89% of India’s marine product exports in FY 2025-26, after a share of 29.67% in FY 2023-24. Visakhapatnam Port is one of India’s major ports on the eastern coast in Andhra Pradesh. It functions as a key gateway for cargo movement on the Bay of Bengal coast and handles bulk, container, and export cargo. Marine product exports include frozen shrimp, frozen fish, cuttlefish, squid, crab, and other seafood items. India’s marine product exports reached ₹72,325.82 crore, or $8.28 billion, in FY 2025-26, with a volume of 1.93 million tonnes.

 

2. Maharashtra Bans Junk Food Sales Near Schools: The Maharashtra Food and Drug Administration issued a compliance order on 28 July 2026 to regulate the sale, advertisement, and free distribution of High Fat, Sugar, and Salt food items near schools. The order applies within 50 metres of school premises and covers children from 22 months of age up to Class 12 students in Maharashtra. The directive covers nearly 1.08 lakh schools and about 2 crore students across the state. It applies to pre-primary, primary, elementary, secondary, residential schools, hostels, and institutions affiliated with different education boards. The prohibited items include vada pav, samosas, ice creams, chips, sugary drinks, chocolates, and caffeinated beverages. The order also covers the advertisement and free distribution of such items within the notified school zone.

 

3. India Approves 111 Road Projects Under Vibrant Villages Programme: The Government of India approved 111 road projects on 29 July 2026 for all-weather connectivity to 134 previously unconnected villages along the India-China border. The projects were sanctioned under the Vibrant Villages Programme and carry an estimated cost of ₹2,481.93 crore. The Vibrant Villages Programme is a Central Sector scheme for developing villages in border areas of India. The Ministry of Home Affairs implements the programme for villages along the northern border, including areas near the India-China frontier. Road projects in border villages are linked with year-round access, movement of goods, and delivery of public services. All-weather roads are designed for use during rain, snow, and other seasonal conditions that affect remote Himalayan terrain.

 

4. Assam Passes Land Protection Bill for Heritage Institutions: Assam passed the Assam Land and Revenue Regulation (Amendment) Bill, 2026 on 29 July 2026. The Bill regulates land ownership and land transactions within a protected zone of up to 5 km around heritage and religious institutions that are at least 250 years old. Only original inhabitants, Scheduled Tribe communities, Scheduled Caste communities, indigenous ethnic communities, and other specified disadvantaged groups can buy, sell, and possess land in the protected area. The indigenous ethnic communities named in the Bill include Ahom, Moran, Motok, Chutia, and Koch Rajbonshi. An original inhabitant is defined as a person whose family has lived in the area for at least three generations as of 1 January 2006. The Bill counts one generation as 25 years and gives the district commissioner power to evict unauthorised occupants from the protected heritage area.

 

5. Rajasthan Issues First Rare Earth Exploration Licence: Rajasthan became the first state in India to execute an exploration licence for rare earth elements on 29 July 2026. The licence covers 207.63 square kilometres in the Navatala-Devigarh (Pachpadra) region of Balotra district and Shergarh tehsil of Jodhpur district. Rare earth elements are a group of 17 chemically similar metallic elements that include the 15 lanthanides, scandium, and yttrium. Lanthanum, cerium, praseodymium, and neodymium are among the REE minerals identified in the Rajasthan block. An exploration licence is a legal permission for prospecting and geological investigation before mineral extraction. The licence in Rajasthan was granted to the Central Mine Planning and Design Institute Limited, and the agreement was executed by the Department of Mines and Geology of Rajasthan.

 

6. India Targets 100 Crore 5G Users by 2030: India has set a target of connecting 100 crore people to 5G technology by 2030. The country launched 5G services on 1 October 2022 and has expanded the network across almost all districts in a short period. 5G is the fifth generation of mobile communication technology. It offers higher data speeds, lower latency, and greater network capacity than 4G. In India, 5G services reached nearly 50 crore users within about two-and-a-half years of launch. The 5G rollout in India involved an investment of about ₹4.5 lakh crore and the installation of nearly five lakh telecom towers. By 28 February 2025, 5G services were available in 99.6% of districts, and 4.69 lakh 5G Base Transceiver Stations were operational.

 

INTERNATIONAL UPDATES:

 

1. Ngulkham Jathom Gangte Appointed India’s Next Ambassador to Mexico: Ngulkham Jathom Gangte was appointed India’s next Ambassador to Mexico on 29 July 2026. He is an Indian Foreign Service officer of the 1994 batch and was serving as Special Secretary in the Ministry of External Affairs before this appointment. An ambassador is the head of a diplomatic mission in a foreign country and represents the sending state in bilateral relations. In India’s foreign service structure, ambassadors are appointed to countries with which India maintains full diplomatic relations. The Indian Foreign Service is one of the All India Services and handles India’s external relations, consular work, and diplomatic representation. IFS officers are recruited through the Civil Services Examination conducted by the Union Public Service Commission.

 

2. India, Nepal Restore Lalitpur Heritage Sites: India and Nepal jointly inaugurated the restored Shree Gusthal Mahavihar and Agam of Prathamshree Mahavihar at Guita Tole in Patan, Lalitpur, on 28 July 2026. The project was funded by a Government of India grant of about NPR 12 crores and was executed by Nepal’s Central Level Project Implementation Unit under the Department of Urban Development and Building Construction. Shree Gusthal Mahavihar and Agam of Prathamshree Mahavihar are Buddhist heritage structures located in Lalitpur Metropolitan City in the Kathmandu Valley. The sites suffered severe damage in the 2015 earthquake in Nepal, which affected many monuments, temples, and traditional settlements across the country. The Indian National Trust for Art and Cultural Heritage provided design and project management consultancy for the restoration work. The inauguration was attended by Indian Ambassador to Nepal Naveen Srivastava, Lalitpur Metropolitan City Mayor Chiribabu Maharjan, and Member of Parliament Jagdish Kharel.

 

3. India Introduces Liability Rules for Spacecraft Re-entry: India issued the Norms, Guidelines and Procedures for Authorisation for Undertaking Planned Re-entry of Space Objects on 23 July 2026. The framework was made public on 29–30 July 2026 and applies to planned re-entry of space objects into Earth’s atmosphere by Indian and foreign operators. The guidelines were issued by the Indian National Space Promotion and Authorisation Centre, or IN-SPACe, under the Department of Space. Prior authorisation from IN-SPACe is mandatory for any planned re-entry undertaken by an Indian entity, whether the activity takes place within India or outside Indian territory. Foreign entities that intend to conduct a planned re-entry within Indian territory must route applications through an Indian-incorporated entity. That entity is responsible for compliance with Indian laws and national security requirements.

 

4. China Establishes High-Altitude Drone R&D Centre in Tibet: China established high-altitude drone testing and research facilities in Tibet in 2025 and 2026, including a testing base in Ngari and a Plateau Drone R&D Application Centre at Xizang University near Mount Everest. These facilities are located on the Tibetan Plateau, where low oxygen levels, cold temperatures, rugged terrain, and rapidly changing weather create conditions for unmanned aerial vehicle testing. The high-altitude unmanned equipment testing base was inaugurated in Ngari, western Tibet, on 28 September 2025. The site lies at elevations above 4,500 metres and is used to test unmanned aerial vehicles under thin air and cold turbulence. Satellite imagery dated 29 October 2025 showed a 720-metre runway and multiple hangars at the facility.

 

5. India Rises from 82nd to 57th Global Rank in Pro-Competitive Reforms: India moved from 82nd to 57th place in a global ranking on reducing anti-competitive market distortions. The ranking was published on 30 July 2026 in a report titled India’s Next Growth Frontier: Reducing Anti-Competitive Market Distortions to Build on India’s 2010–2023 Reform Progress. The Goods and Services Tax is a destination-based indirect tax system introduced in India on 1 July 2017. The Insolvency and Bankruptcy Code, 2016 provides a time-bound framework for insolvency resolution and liquidation of corporate persons, partnership firms, and individuals. The report linked India’s improvement to structural and pro-competition reforms carried out between 2010 and 2023. These reforms included changes in taxation, insolvency resolution, regulation, and trade facilitation.

 

6. Brookfield Launches $600 Million Renewable Energy Platform in India: Brookfield launched a renewable energy platform named Lumara in India on 30 July 2026. The platform will deploy about $600 million for solar, wind, and battery storage projects, and it will begin with an initial portfolio of more than 6 GW of capacity. Lumara will focus on solar power, wind power, and battery storage, which are three major segments of the renewable energy sector. The platform will also address delays linked to power purchase agreement negotiations, grid connection queues, and land acquisition timelines. Brookfield already has about 45 GW of wind and solar assets in operation and in the pipeline in India. Its total investments in India have crossed $32 billion across multiple sectors as of 30 July 2026.

 

OTHER UPDATES:

 

DEFENCE

 

1. Cochin Shipyard Launches Seventh ASW SWC Vessel: Cochin Shipyard Limited launched the seventh Anti-Submarine Warfare Shallow Water Craft, INS Machilipatnam (BY 529), for the Indian Navy on 29 July 2026 in Kochi. The vessel belongs to the eight-ship Mahe-class ASW SWC project and is designed for coastal anti-submarine operations, low-intensity maritime operations, mine-laying, and subsurface surveillance. Anti-Submarine Warfare Shallow Water Craft are naval vessels built for operations in shallow coastal waters. These ships are used for detecting, tracking, and engaging submarines near the coast, where larger warships may have limited manoeuvrability. INS Machilipatnam measures 78.0 metres in length and 11.36 metres in beam. It has a draught of about 2.7 metres, a displacement of around 900 tonnes, and a maximum speed of 25 knots. The vessel carries indigenously developed Hull Mounted Sonar and Low Frequency Variable Depth Sonar systems for underwater surveillance.

 

2. Brigadier B.K. Ponwar, Jungle Warfare Pioneer, Dies at 77: Brigadier (Retired) Basant Kumar Ponwar, founder of the Counter Terrorism and Jungle Warfare College in Kanker, Chhattisgarh, died at the age of 77 in Mhow in Madhya Pradesh. He was a veteran of the 1971 India-Pakistan War and served in the Indian Army from December 1969 after commissioning into the 1st Battalion of the Maratha Light Infantry. Brigadier Ponwar served as Commandant of the Army’s Counter Insurgency and Jungle Warfare School in Vairengte, Mizoram. He also oversaw the inaugural Indo-US exercise Yudh Abhyas in 2004, which is a bilateral military exercise between India and the United States. The Counter Terrorism and Jungle Warfare College was established in August 2005 in Kanker in the Bastar region of Chhattisgarh. The institution trained more than 37,000 security personnel in guerrilla warfare and jungle operations.

 

SPORTS 

 

1. Dilip Gavit Leads India’s 1-2 Finish in 100m T47: India recorded a 1-2 finish in the men’s 100m T47 para athletics final at the Commonwealth Games in Glasgow on 29 and 30 July 2026. Dilip Mahadu Gavit won gold with a Games record and season-best time of 10.71 seconds, while Mohammed Basil Morssinganakath won silver in 10.83 seconds. India’s 1-2 finish gave the country its third gold medal at the Glasgow Commonwealth Games. India’s overall medal tally reached 15, with three gold, nine silver, and three bronze medals. The T47 class in para athletics is used for athletes with unilateral upper limb impairment. The men’s 100m T47 is a sprint event conducted on a standard 100-metre track under World Para Athletics rules.

 

2. Sreeshankar Wins Second Straight CWG Long Jump Silver: Murali Sreeshankar won the silver medal in the men’s long jump at the Commonwealth Games in Glasgow, Scotland, on 29 July 2026. His jump measured 8.09 metres, and Jamaica’s Tajay Gayle won gold with 8.15 metres, while Scotland’s Stephen Mackenzie took bronze with 8.08 metres. Murali Sreeshankar is an Indian long jumper aged 27 years. He became the first Indian male long jumper to win two Commonwealth Games medals after his silver medal in Glasgow and his earlier silver medal at the Birmingham 2022 Commonwealth Games.

 

SCIENCE AND TECHNOLOGY

 

1. Electronics Development Fund Investments: The Electronics Development Fund (EDF) is a Fund of Funds set up by the Ministry of Electronics and Information Technology (MeitY) to support venture capital funds that invest in electronics and information technology enterprises. As of 30 June 2026, the EDF had invested Rs 257.77 crore in eight SEBI-registered venture capital funds, called Daughter Funds. The EDF operates as a Fund of Funds, which means it invests in venture capital funds rather than directly in startups. MeitY is the anchor investor in the fund, and Canbank Venture Capital Funds Ltd. serves as the fund manager. The EDF was created to support the Electronics System Design and Manufacturing (ESDM) sector and the Information Technology (IT) sector in India. The eight Daughter Funds supported by the EDF had invested Rs 1,335.77 crore in 128 startups and companies. Of these, 77 companies belonged to the ESDM sector and 51 companies belonged to the IT sector. The supported companies had also created or acquired 373 intellectual properties.

 

2. DAANVEER Gram Panchayat Digital Infrastructure: The Ministry of Panchayati Raj launched DAANVEER on 29 July 2026 in New Delhi as a citizen participation initiative for strengthening digital infrastructure in Gram Panchayats. The platform works through the Meri Panchayat mobile application and enables contributions of standardised, quality-verified computer bundles for eligible Gram Panchayats across India. DAANVEER is an end-to-end digital platform for citizen and organisational contributions to local governance institutions. It aims to support the digital equipment needs of nearly 2.5 lakh Gram Panchayats, which function as the basic tier of rural local self-government under the Panchayati Raj system. The initiative integrates the Meri Panchayat app with the DigiHaat marketplace. Donors can select from pre-approved computer bundles mapped to state-specific technical specifications, and the platform routes contributions to eligible Gram Panchayats through a transparent digital process.

 

 

BANKING AND FINANCE

 

1. IRDAI Approves Patanjali’s Acquisition of Magma General Insurance: The Insurance Regulatory and Development Authority of India (IRDAI) approved the acquisition of Magma General Insurance by Patanjali Ayurved and the DS Group on 28 July 2026. The transaction is valued at about Rs 4,500 crore and involves the purchase of equity stakes from existing shareholders. Patanjali Ayurved will acquire a 73.56% stake in Magma General Insurance. The DS Group will acquire a 24.5% stake in the company. The shares are being purchased mainly from Sanoti Properties LLP, which is part of the Adar Poonawalla Group, along with Celica Developers and Jaguar Advisory Services. The IRDAI approval is valid for three months from 28 July 2026. The transaction must be completed within this period. After completion, Patanjali is expected to become the promoter of Magma General Insurance and to infuse capital for solvency and business expansion.

 

2. India Exports Bihar Makhana to Canada: India exported 7 metric tonnes of value-added flavoured Makhana from Darbhanga in Bihar to Canada on 29 July 2026. The shipment moved through Mundra Port in two containers and was processed and packaged by Nutrivin Agro Private Limited for ZKV Foods in Canada. Makhana is also known as fox nuts and is obtained from the seeds of the aquatic plant Euryale ferox. Bihar accounts for the largest share of Makhana production in India, and the crop is associated with the Mithila region, including Darbhanga and nearby districts. The consignment contained flavoured Makhana, which belongs to the category of value-added agricultural exports. Value addition in food exports includes cleaning, roasting, seasoning, packaging, and compliance with food safety standards for overseas markets.

 

3. Cabinet Extends PM-KISAN Scheme for Five Years: The Union Cabinet approved the continuation of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme for another five years on 31 July 2026. The scheme will now run from 2026-27 to 2030-31 with a total financial outlay of ₹3,15,614 crore. PM-KISAN is a Central Sector scheme launched on 24 February 2019. It provides annual income support of ₹6,000 to eligible landholding farmer families in three equal instalments of ₹2,000 each. The amount is transferred directly into Aadhaar-seeded bank accounts through the Direct Benefit Transfer mechanism. Since its launch, more than ₹4.47 lakh crore has been transferred under the scheme through 23 instalments. The 23rd instalment, released in June 2026, benefited over 9.49 crore farmers and involved more than ₹18,984 crore.

Thursday, July 30, 2026

Daily GK Update- 30th July, 2026

 NATIONAL UPDATES:

 

1. Government Approves RBI Proposal for Field Trials of ₹10 and ₹20 Polymer Banknotes: The Government of India approved the RBI’s proposal to conduct field trials of 1 billion polymer banknotes each in the ₹10 and ₹20 denominations. The proposal was approved under Section 25 of the Reserve Bank of India Act, 1934, following a recommendation from the RBI Central Board.

Polymer banknotes are printed on a plastic-based substrate, making them more durable, moisture-resistant, dirt-resistant, and longer-lasting than conventional paper notes. After successful field trials, the polymer ₹10 and ₹20 notes will be issued for regular circulation, joining India’s Mahatma Gandhi Series banknotes used widely in everyday transactions. Australia is the first country in the world to introduce and use plastic notes. It released a special 10-dollar plastic note in 1988.

 

2. India’s Industrial Output Surges 7.3% in June, Highest Growth in 23 Months: India’s Index of Industrial Production (IIP) grew by 3% in June 2026, marking the highest industrial growth in 23 months, according to government data. All four major sectors recorded positive growth, led by manufacturing (7.8%) and Electricity & Gas Supply (10.6%), while Water Supply, Sewerage & Waste Management expanded by 6.1%. The Mining & Quarrying sector registered comparatively slower growth of 1% during the month.

 

3. Himachal Pradesh Launches ‘Mukhyamantri Machhuara Samman Nidhi Yojana’ for Fishermen: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu launched the ‘Mukhyamantri Machhuara Samman Nidhi Yojana’ to provide financial assistance and social security to fishermen engaged in reservoir fisheries. Under the scheme, each eligible fisherman will receive a lump-sum financial assistance of ₹3,500 during the fishing ban period.

 

4. Delhi Government Approves ‘Delhi Lakshmi Yojana’ with ₹2,500 Monthly Assistance for Women: The Delhi Government approved the Delhi Lakshmi Yojana to promote the economic empowerment and social security of women, under which eligible beneficiaries will receive ₹2,500 per month. The scheme, approved by the Cabinet chaired by Chief Minister Rekha Gupta, has been allocated ₹5,110 crore in the 2026–27 Delhi Budget, with the registration portal opening on 1 August 2026. Women aged 21–60 years with an annual family income of up to ₹2.5 lakh will be eligible, and the scheme is expected to benefit over 17 lakh women by supporting education, healthcare, skill development, savings, and financial independence.

 

5. Government Allocates Record ₹95,692 Crore for VB-G RAM G Rural Employment Scheme in FY 2026–27: The Government has allocated a record ₹95,692 crore for FY 2026–27 under the Viksit Bharat – Guarantee for Rozgar and Aajeevika Mission (Gramin) [VB-G RAM G] Act, 2025, the highest-ever Budget Estimate allocation for any rural employment programme in India. The VB-G RAM G Act, 2025 guarantees 125 days of wage employment per financial year to every willing rural household demanding work, increasing the entitlement from 100 days under MGNREGS. The Act expands the scope of permissible works with a focus on water security, rural infrastructure, livelihood creation, and climate resilience, while promoting convergence with other Central and State Government schemes.

 

6. First Telecom Manufacturing Zone will be established in Gwalior: India’s first dedicated Telecom Manufacturing Zone (TMZ) will be established in Gwalior, Madhya Pradesh. The Department of Telecommunications and the Government of Madhya Pradesh signed a Memorandum of Understanding for Phase I of the project on 30 July 2026 at Vigyan Bhawan in New Delhi. The project is designed on a plug-and-play system, which is an industrial model that provides ready infrastructure for manufacturing units. The Central Government has approved ₹493 crore for the first phase, while the State Government will provide land for the project. The project is expected to attract investment of about ₹12,000 crore to ₹15,000 crore and create around 5,000 direct jobs. The zone is linked with indigenous design and domestic production in the telecommunications sector.

 

7. Maharashtra Bans Junk Food Sales Near Schools: The Maharashtra Food and Drug Administration issued a compliance order on 28 July 2026 to regulate the sale, advertisement, and free distribution of High Fat, Sugar, and Salt food items near schools. The order applies within 50 metres of school premises and covers children from 22 months of age up to Class 12 students in Maharashtra. All school canteens must obtain a valid licence or registration from the Maharashtra Food and Drug Administration to operate. School managements are responsible for implementation, and inspections across the state are scheduled to begin for compliance checks. The prohibited items include vada pav, samosas, ice creams, chips, sugary drinks, chocolates, and caffeinated beverages. The order also covers the advertisement and free distribution of such items within the notified school zone.

 

8. India Targets 100 Crore 5G Users by 2030: India has set a target of connecting 100 crore people to 5G technology by 2030. The country launched 5G services on 1 October 2022 and has expanded the network across almost all districts in a short period. 5G is the fifth generation of mobile communication technology. It offers higher data speeds, lower latency, and greater network capacity than 4G. In India, 5G services reached nearly 50 crore users within about two-and-a-half years of launch. The 5G rollout in India involved an investment of about ₹4.5 lakh crore and the installation of nearly five lakh telecom towers. By 28 February 2025, 5G services were available in 99.6% of districts, and 4.69 lakh 5G Base Transceiver Stations were operational.

 

INTERNATIONAL UPDATES:

 

1. Amritsar Becomes India’s Second Hub-and-Spoke Airport for International Flight Operation: The Ministry of Civil Aviation inaugurated Hub-and-Spoke international flight operations from Amritsar, making it the second airport after Varanasi to join India’s international Hub-and-Spoke framework. Under the new system, passengers can complete check-in, immigration, and customs at Amritsar Airport, with through-checked baggage and seamless transfers via Delhi, providing access to 20+ international destinations. The Hub-and-Spoke model is a key part of India’s International Aviation Hub Strategy, aimed at strengthening Indian airports as global transit hubs, generating 0.4 million jobs and contributing USD 30 billion to the economy by 2030.

 

2. 29 July – International Tiger Day: International Tiger Day (Global Tiger Day) is observed every year on 29 July to raise awareness about tiger conservation and the need to protect their natural habitats. The day was established in 2010 during the Saint Petersburg Tiger Summit in Russia, with the objective of reversing the global decline in tiger populations.

 

3. 28 July – World Hepatitis Day: World Hepatitis Day is observed every year on 28 July to raise awareness about viral hepatitis, promote prevention, early diagnosis, and access to treatment.

The day marks the birth anniversary of Dr. Baruch Samuel Blumberg, who discovered the Hepatitis B virus and developed the first Hepatitis B vaccine. Led by the World Health Organization, the observance supports global efforts to eliminate viral hepatitis as a public health threat by 2030.

 

4. Ngulkham Jathom Gangte Appointed India’s Next Ambassador to Mexico: Ngulkham Jathom Gangte was appointed India’s next Ambassador to Mexico on 29 July 2026. He is an Indian Foreign Service officer of the 1994 batch and was serving as Special Secretary in the Ministry of External Affairs before this appointment. The Indian Foreign Service is one of the All India Services and handles India’s external relations, consular work, and diplomatic representation. IFS officers are recruited through the Civil Services Examination conducted by the Union Public Service Commission. Gangte served as India’s Ambassador to Tunisia from 2021 and held concurrent accreditation to Libya. He was High Commissioner of India to Zambia from 2017 to 2021 and also served in Indian missions in Egypt, Morocco, Ireland, and Tanzania.

 

5. India, Nepal Restore Lalitpur Heritage Sites: India and Nepal jointly inaugurated the restored Shree Gusthal Mahavihar and Agam of Prathamshree Mahavihar at Guita Tole in Patan, Lalitpur, on 28 July 2026. The project was funded by a Government of India grant of about NPR 12 crores and was executed by Nepal’s Central Level Project Implementation Unit under the Department of Urban Development and Building Construction. The Indian National Trust for Art and Cultural Heritage provided design and project management consultancy for the restoration work. The inauguration was attended by Indian Ambassador to Nepal Naveen Srivastava, Lalitpur Metropolitan City Mayor Chiribabu Maharjan, and Member of Parliament Jagdish Kharel. Shree Gusthal Mahavihar and Agam of Prathamshree Mahavihar are Buddhist heritage structures located in Lalitpur Metropolitan City in the Kathmandu Valley. The sites suffered severe damage in the 2015 earthquake in Nepal, which affected many monuments, temples, and traditional settlements across the country.

 

6. India Approves 111 Road Projects Under Vibrant Villages Programme: The Government of India approved 111 road projects on 29 July 2026 for all-weather connectivity to 134 previously unconnected villages along the India-China border. The projects were sanctioned under the Vibrant Villages Programme and carry an estimated cost of ₹2,481.93 crore. The Vibrant Villages Programme is a Central Sector scheme for developing villages in border areas of India. The Ministry of Home Affairs implements the programme for villages along the northern border, including areas near the India-China frontier. Road projects in border villages are linked with year-round access, movement of goods, and delivery of public services. All-weather roads are designed for use during rain, snow, and other seasonal conditions that affect remote Himalayan terrain.

 

7. India Introduces Liability Rules for Spacecraft Re-entry: India issued the Norms, Guidelines and Procedures for Authorisation for Undertaking Planned Re-entry of Space Objects on 23 July 2026. The framework was made public on 29–30 July 2026 and applies to planned re-entry of space objects into Earth’s atmosphere by Indian and foreign operators. The guidelines were issued by the Indian National Space Promotion and Authorisation Centre, or IN-SPACe, under the Department of Space. Prior authorisation from IN-SPACe is mandatory for any planned re-entry undertaken by an Indian entity, whether the activity takes place within India or outside Indian territory. Foreign entities that intend to conduct a planned re-entry within Indian territory must route applications through an Indian-incorporated entity. That entity is responsible for compliance with Indian laws and national security requirements.

 

OTHER UPDATES:

 

DEFENCE

 

1. Cochin Shipyard Launches Seventh ASW SWC Vessel: Cochin Shipyard Limited launched the seventh Anti-Submarine Warfare Shallow Water Craft, INS Machilipatnam (BY 529), for the Indian Navy on 29 July 2026 in Kochi. The vessel belongs to the eight-ship Mahe-class ASW SWC project and is designed for coastal anti-submarine operations, low-intensity maritime operations, mine-laying, and subsurface surveillance. The Mahe-class ASW SWC project is an eight-vessel contract between Cochin Shipyard Limited and the Indian Navy. The project has over 80 per cent indigenous content and is linked to the Aatmanirbhar Bharat initiative in defence manufacturing. The first vessel of the series, Mahe, was delivered on 23 October 2025, and the second vessel, INS Malvan, was delivered on 31 March 2026.

 

2. China Establishes High-Altitude Drone R&D Centre in Tibet: China established high-altitude drone testing and research facilities in Tibet in 2025 and 2026, including a testing base in Ngari and a Plateau Drone R&D Application Centre at Xizang University near Mount Everest. These facilities are located on the Tibetan Plateau, where low oxygen levels, cold temperatures, rugged terrain, and rapidly changing weather create conditions for unmanned aerial vehicle testing. The high-altitude unmanned equipment testing base was inaugurated in Ngari, western Tibet, on 28 September 2025. The site lies at elevations above 4,500 metres and is used to test unmanned aerial vehicles under thin air and cold turbulence. Satellite imagery dated 29 October 2025 showed a 720-metre runway and multiple hangars at the facility.

 

SPORTS 

 

1. Sharmila Dhankar Creates History with Commonwealth Games Gold in Women’s Shot Put F57: India’s Sharmila Dhankar won the gold medal in the women’s shot put F57 event at the 2026 Commonwealth Games with a season-best throw of 9.81 metres. With this victory, Sharmila Dhankar became India’s first para-athlete to win a Commonwealth Games gold medal in athletics.

Shilpa Shyla secured the bronze medal with a throw of 7.26 metres, giving India a double podium finish in the women’s shot put F57 event.

 

2. Raja Muthupandi Wins Silver in Men’s 65 kg Weightlifting at Glasgow Commonwealth Games 2026: India’s Raja Muthupandi won the silver medal in the men’s 65 kg weightlifting event at the Glasgow Commonwealth Games 2026, with a combined lift of 286 kg. The medal marked Raja Muthupandi’s third consecutive Commonwealth Games podium finish, following his gold medals at Gold Coast 2018 and Birmingham 2022.

 

3. Esha Singh Wins Gold, Manu Bhaker Bags Bronze at ISSF World Cup in Hangzhou: India’s Esha Singh won the gold medal in the women’s 25 metre pistol event at the ISSF World Cup (Rifle/Pistol/Shotgun) held in Hangzhou, China. Manu Bhaker claimed the bronze medal, giving India a double podium finish in the women’s 25 metre pistol

 

4. Gulveer Singh Creates History, Harjinder Kaur Wins Silver as India Shines at Commonwealth Games 2026: Gulveer Singh created history by winning the silver medal in the men’s 10,000 metres at the Commonwealth Games 2026, becoming the first Indian athlete to win a medal in the event with a timing of 27:49.78. Harjinder Kaur won the silver medal in the women’s 69 kg weightlifting event with a combined lift of 227 kg, earning her second consecutive Commonwealth Games medal after winning bronze at Birmingham 2022.

 

5. Dilip Gavit Leads India’s 1-2 Finish in 100m T47: India recorded a 1-2 finish in the men’s 100m T47 para athletics final at the Commonwealth Games in Glasgow on 29 and 30 July 2026. Dilip Mahadu Gavit won gold with a Games record and season-best time of 10.71 seconds, while Mohammed Basil Morssinganakath won silver in 10.83 seconds. The T47 class in para athletics is used for athletes with unilateral upper limb impairment. The men’s 100m T47 is a sprint event conducted on a standard 100-metre track under World Para Athletics rules. India’s 1-2 finish gave the country its third gold medal at the Glasgow Commonwealth Games. India’s overall medal tally reached 15, with three gold, nine silver, and three bronze medals.

 

SCIENCE AND TECHNOLOGY

 

1. Electronics Development Fund Investments: The Electronics Development Fund (EDF) is a Fund of Funds set up by the Ministry of Electronics and Information Technology (MeitY) to support venture capital funds that invest in electronics and information technology enterprises. As of 30 June 2026, the EDF had invested Rs 257.77 crore in eight SEBI-registered venture capital funds, called Daughter Funds. The EDF operates as a Fund of Funds, which means it invests in venture capital funds rather than directly in startups. MeitY is the anchor investor in the fund, and Canbank Venture Capital Funds Ltd. serves as the fund manager. The EDF was created to support the Electronics System Design and Manufacturing (ESDM) sector and the Information Technology (IT) sector in India. The eight Daughter Funds supported by the EDF had invested Rs 1,335.77 crore in 128 startups and companies. Of these, 77 companies belonged to the ESDM sector and 51 companies belonged to the IT sector. The supported companies had also created or acquired 373 intellectual properties.

 

2. DAANVEER Gram Panchayat Digital Infrastructure: The Ministry of Panchayati Raj launched DAANVEER on 29 July 2026 in New Delhi as a citizen participation initiative for strengthening digital infrastructure in Gram Panchayats. The platform works through the Meri Panchayat mobile application and enables contributions of standardised, quality-verified computer bundles for eligible Gram Panchayats across India. DAANVEER is an end-to-end digital platform for citizen and organisational contributions to local governance institutions. It aims to support the digital equipment needs of nearly 2.5 lakh Gram Panchayats, which function as the basic tier of rural local self-government under the Panchayati Raj system. The initiative integrates the Meri Panchayat app with the DigiHaat marketplace. Donors can select from pre-approved computer bundles mapped to state-specific technical specifications, and the platform routes contributions to eligible Gram Panchayats through a transparent digital process.

 

3. Rajasthan Issues First Rare Earth Exploration Licence: Rajasthan became the first state in India to execute an exploration licence for rare earth elements on 29 July 2026. The licence covers 207.63 square kilometres in the Navatala-Devigarh (Pachpadra) region of Balotra district and Shergarh tehsil of Jodhpur district. Rare earth elements are a group of 17 chemically similar metallic elements that include the 15 lanthanides, scandium, and yttrium. Lanthanum, cerium, praseodymium, and neodymium are among the REE minerals identified in the Rajasthan block. An exploration licence is a legal permission for prospecting and geological investigation before mineral extraction. The licence in Rajasthan was granted to the Central Mine Planning and Design Institute Limited, and the agreement was executed by the Department of Mines and Geology of Rajasthan.

 

 

 

 

 

BANKING AND FINANCE

 

1. Private Banks Collect ₹4,948.71 Crore in Minimum Balance Penalties During FY 2025–26: Private sector banks collected ₹4,948.71 crore as penalties for non-maintenance of Minimum Average Balance (MAB) in savings and current accounts during FY 2025–26. Public sector banks collected ₹2,137.92 crore as MAB penalties during the same financial year, significantly lower than private sector banks. Minimum Average Balance (MAB) is the minimum amount that customers are required to maintain in their bank account over a specified period, usually a month or a quarter.

 

2. Axis Finance Launches ‘Drishti’ to Strengthen Digital Credit Decision-Making: Axis Finance Limited (AFL) has launched ‘Axis Finance Drishti’, an in-house Business Rules Engine (BRE) to enable faster, automated, and data-driven credit decision-making across retail and MSME lending. Drishti aims to enhance risk monitoring, improve credit underwriting efficiency, ensure consistent lending decisions, and strengthen the company’s digital lending capabilities.

 

3. Vizag Port Handles 50.87% of Marine Exports in 2025: Visakhapatnam Port, also known as Vizag Port, handled 50.87% of India’s total marine product exports in FY 2024-25. The port accounted for 48.89% of India’s marine product exports in FY 2025-26, after a share of 29.67% in FY 2023-24. Visakhapatnam Port is one of India’s major ports on the eastern coast in Andhra Pradesh. It functions as a key gateway for cargo movement on the Bay of Bengal coast and handles bulk, container, and export cargo. Marine product exports include frozen shrimp, frozen fish, cuttlefish, squid, crab, and other seafood items. India’s marine product exports reached ₹72,325.82 crore, or $8.28 billion, in FY 2025-26, with a volume of 1.93 million tonnes.

 

Wednesday, July 29, 2026

Daily GK Update- 29th July, 2026

 NATIONAL UPDATES:

 

1. Keshav Chandra Assumes Charge as Mines Secretary: Keshav Chandra has assumed charge as the Secretary, Ministry of Mines, succeeding Piyush Goyal, who has been appointed as the Secretary General of the National Human Rights Commission (NHRC). Chandra is a 1995-batch Indian Administrative Service (IAS) officer of the AGMUT cadre and previously served as the Chairperson of the New Delhi Municipal Council (NDMC).

 

2. AstraZeneca India to Sets Up Genomic Solutions Centre in Amaravati: AstraZeneca India announced an Integrated Genomic Solutions Centre in Amaravati, Andhra Pradesh, on 28 July 2026. The centre is part of India’s first Integrated Precision Oncology programme and focuses on genetic research for cancer diagnosis and therapy. Precision oncology is a cancer treatment approach that uses genetic and molecular information to match diagnosis and therapy with a patient’s disease profile. Integrated genomic centres use next-generation genetic testing, bioinformatics, and clinical data for cancer screening and treatment planning. The centre will primarily target lung cancer and breast cancer. These two cancers are among the most commonly diagnosed malignancies in India and are major areas of screening, early detection, and treatment research.

 

3. GMR Aero Technic signs Honeywell MRO licence agreement: GMR Aero Technic signed a licence agreement with Honeywell Aerospace on 28 July 2026 for Maintenance, Repair and Overhaul services in Hyderabad, India. The agreement covers seven Honeywell Aerospace Line Replaceable Units installed on LEAP engines used in commercial aviation. Maintenance, Repair and Overhaul, or MRO, is an aviation support activity that includes inspection, repair, overhaul, and restoration of aircraft components and systems. In aviation, depot-level maintenance refers to deeper repair work carried out at specialised facilities rather than at the aircraft line station. LEAP is a family of turbofan engines developed by CFM International for narrow-body aircraft. The engine powers the Airbus A320neo and Boeing 737 MAX, which are among the most widely used single-aisle aircraft in global airline fleets. Line Replaceable Units are modular aircraft components that can be removed and replaced quickly during maintenance.

 

4. India Becomes World’s Second-Largest Supplier of Seafarers: India became the world’s second-largest supplier of seafarers as of 28 July 2026, with 311,936 maritime professionals in the global workforce. India accounted for 12.16% of the world’s seafaring workforce and ranked behind the Philippines in the BIMCO-ICS Seafarer Workforce Report 2026. Seafarers are maritime professionals who work on merchant ships, cargo vessels, tankers, and other commercial ships. India ranked fifth globally in 2015 with 5.2% of the global seafaring workforce and rose to 6% in 2021 before reaching 12.16% in 2026. India supplied 140,718 ship officers, which formed 13.41% of the global officer workforce. India also supplied 171,218 ratings, which formed 11.29% of the global ratings workforce.

5. President Murmu marks four years in office with new initiatives at Rashtrapati Bhavan: President Droupadi Murmu launched multiple public-centric and green initiatives at Rashtrapati Bhavan on 28 July 2026 to mark four years in office. The initiatives included an e-Audio Guide, the third edition of e-Upahaar, Bachpan Bal Parisar, the Rashtrapati Bhavan Access and Heritage Interconnector, and a new service block under the Net Zero Energy Strategy. The application-based e-Audio Guide for Rashtrapati Bhavan is available in Hindi, English, and 14 other Indian languages. It also includes a sign-language module, which is used for accessibility for visitors with hearing-related needs. The Rashtrapati Bhavan Access and Heritage Interconnector, or RAAHI, is a fare-free electric bus service for staff and residents. It is operated by women drivers and conductors and connects the estate with the nearest Metro station.

 

6. Maharashtra Cabinet Approves New NDPS and SC-ST Courts: The Maharashtra Cabinet approved new courts on 28 July 2026 under the Narcotic Drugs and Psychotropic Substances (NDPS) Act and the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act. The decision was taken in a Cabinet meeting chaired by Chief Minister Devendra Fadnavis. The package also included two additional courts in Karjat and Kurduwadi. A special court under the NDPS Act was approved for Pune district. Around 1,425 NDPS cases were pending in Pune at the time of the decision. The Cabinet sanctioned Rs 1.26 crore for the court, one district and additional sessions judge, and seven support staff. Five exclusive special courts were approved for cases under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act. These courts will function in Ahilyanagar, Parbhani, Solapur, Nanded, and Yavatmal. The Cabinet sanctioned Rs 4.51 crore for these courts, and each court will have one judge.

 

7. Centre Notifies Seventh Draft of Western Ghats ESA: The Union Environment Ministry reissued the seventh draft notification for an Ecologically Sensitive Area across the Western Ghats on 27 July 2026. The proposed Ecologically Sensitive Area covers 56,825.7 sq. km across six states: Karnataka, Maharashtra, Kerala, Tamil Nadu, Goa and Gujarat. The Western Ghats is a mountain chain along the western edge of India and is recognised as one of the world’s major biodiversity hotspots. The range extends through six states and includes forests, grasslands, rivers and hill ecosystems. An Ecologically Sensitive Area is a notified region under the Environment (Protection) Act, 1986, where activities are restricted to protect fragile ecosystems. In the finalised ESA, mining, quarrying, sand mining, new thermal power plants, certain industries and large construction projects are prohibited, while hydel power generation is regulated.

 

INTERNATIONAL UPDATES:

 

1. India, Romania Sign Three Agreements; Target to Double Bilateral Trade in Three Years: India and Romania signed three agreements to strengthen cooperation in Science & Technology, Education, and Sports during delegation-level talks between President Droupadi Murmu and Romanian President NicuÈ™or Dan in Bucharest. Both countries reaffirmed their 70+ years of friendship and agreed to deepen collaboration across key sectors, including manufacturing, pharmaceuticals, healthcare, renewable energy, green hydrogen, agriculture, digital public infrastructure (DPI), and artificial intelligence (AI). India and Romania have set a target to double bilateral trade within the next three years, with both leaders highlighting the potential benefits of the India–EU Free Trade Agreement for industries and skilled professionals.

 

2. Ministry of Tourism Signs MoU with Air India to Boost Global Promotion of Incredible India: The Ministry of Tourism signed a Memorandum of Understanding (MoU) with Air India to promote India as a preferred global tourism destination under the ‘Incredible India’ brand. The partnership will leverage Air India’s extensive domestic and international network along with the Ministry’s tourism promotion initiatives through joint destination campaigns, co-branded marketing, stopover tourism promotion, and the proposed ‘Visit India Pass’. The MoU aims to enhance India’s global tourism visibility, attract more international travellers, and showcase the country’s diverse cultural, heritage, and tourism offerings through integrated digital and offline promotional campaigns.

 

3. Venezuela Announces Withdrawal from the International Criminal Court (ICC): Venezuela formally notified the United Nations on 24 July 2026 of its decision to withdraw from the International Criminal Court (ICC). Under Article 127 of the Rome Statute, a country’s withdrawal from the ICC becomes effective one year after the UN receives the formal notification. Acting President Delcy Rodríguez alleged that the ICC is politically influenced and disproportionately targets countries of the Global South, particularly those in Africa and Latin America.

 

4. 25 July – International Day for Women and Girls of African Descent: International Day for Women and Girls of African Descent is observed every year on 25 July to recognise the achievements, leadership, and contributions of women and girls of African descent worldwide. The day aims to promote gender equality, combat racism and discrimination, and advance the rights, empowerment, and inclusion of women and girls of African descent. The observance was proclaimed by the United Nations General Assembly in 2024, following the recommendation of the Permanent Forum on People of African Descent.

 

5. 25 July – International Day on Judicial Well-being: International Day on Judicial Well-being is observed every year on 25 July to promote the mental health, well-being, and resilience of judges and judicial officers worldwide. The day highlights the importance of a healthy, independent, and efficient judiciary, recognizing that judicial well-being is essential for ensuring fair and effective justice delivery. The observance was proclaimed by the United Nations General Assembly (UNGA) in 2024, acknowledging the need to support the well-being of judicial professionals and strengthen the rule of law.

 

6. 28 July – World Hepatitis Day: World Hepatitis Day is observed every year on 28 July to raise awareness about viral hepatitis, promote prevention, early diagnosis, and improve access to treatment and care. The day marks the birth anniversary of Dr. Baruch Samuel Blumberg, Nobel Prize-winning scientist who discovered the Hepatitis B virus and developed the first Hepatitis B vaccine. Theme 2026 – Hepatitis: Let’s Break It Down

 

7. China Completes Testing of World’s Largest Fusion Magnet: China completed expert acceptance and full-parameter testing of two domestically developed superconducting magnets on 27 June 2026 at the Institute of Plasma Physics, Chinese Academy of Sciences, in Hefei, Anhui Province. The tested systems were a toroidal field superconducting magnet and a high-temperature superconducting central solenoid coil for fusion research. The toroidal field superconducting magnet is a D-shaped structure that measures 21 metres in length, 12 metres in width, and 582 tonnes in weight. It is described as the largest fusion reactor superconducting magnet built so far. The toroidal field magnet is used to confine plasma inside a vacuum chamber with a strong magnetic field. In fusion devices, plasma is heated to about 100 million degrees Celsius and must remain stable for controlled operation.

 

OTHER UPDATES:

 

DEFENCE

 

1. Iran to Receive Chinese Shoulder-Launched Missile Systems: Iran is expected to receive a first shipment of Chinese-made shoulder-fired air-defence missile launchers within weeks in 2026. The reported deal covers 300 to 400 man-portable air defence systems (MANPADS), including QW-12 and FN-16 missiles, and is valued at about US60 million to US70 million. MANPADS are short-range, shoulder-launched surface-to-air missile systems used against low-flying aircraft, helicopters, and unmanned aerial vehicles. These systems are designed for portability and are operated by small teams or a single soldier. QW-12 and FN-16 are Chinese-made MANPADS associated with short-range air defence. Such systems generally use infrared or other seeker technologies to track airborne targets at low altitude.

 

SPORTS 

 

1. U Mumba TT Defends Ultimate Table Tennis Season 7 Title with Thrilling Comeback Victory: U Mumba TT successfully defended their Ultimate Table Tennis (UTT) Season 7 title by defeating Dempo Goa Challengers 8–5 in a thrilling final, ending Goa’s unbeaten run in the tournament. Trailing 4–2 after the first two matches, U Mumba TT staged a remarkable comeback, led by captain Manush Shah and Anna Hursey, whose mixed doubles victory and Manush’s singles win over Alvaro Robles proved decisive.

 

2. Hockey India Junior Men Championship Begins in Coimbatore: The 16th Hockey India Junior Men National Championship 2026 began on 28 July 2026 in Coimbatore, Tamil Nadu. The tournament features 30 teams and is organised across three divisions, namely Division A, Division B, and Division C. The Hockey India Junior Men National Championship is an annual national-level field hockey competition for junior men’s teams in India. The event uses a divisional format, which places teams in different competitive groups based on performance and ranking. Division A, Division B, and Division C are the three competitive tiers in the championship. Division A generally includes the stronger teams, while Division B and Division C provide promotion and relegation pathways within the tournament structure.

 

3. Ladakh Lieutenant Governor’s Cup Polo Tournament: The 6th LG Cup Horse Polo Championship concluded on 27 July 2026 in Drass, Ladakh. Lieutenant Governor of Ladakh Vinai Kumar Saxena attended the final, and the Ladakh Scouts Regimental Centre won the title by defeating the Animal Husbandry Department, Leh. The LG Cup Horse Polo Championship is a regional equestrian tournament held in Ladakh. Horse polo is played on horseback with a ball and mallets, and it remains associated with high-altitude regions where equestrian traditions are part of local sports culture. Vinai Kumar Saxena announced an increase in the prize fund for the LG Horse Polo Cup on 27 July 2026. The winners received Rs one lakh and the runners-up received Rs 50,000 in 2026, compared with Rs 50,000 and Rs 25,000 in the previous edition. The winner’s purse is scheduled to rise further to Rs two lakh in the next season.

 

4. Harjinder, Gulveer Win Silver at Commonwealth Games 2026: India won two silver medals at the Commonwealth Games 2026 in Glasgow on 29 July 2026. Gulveer Singh finished second in the men’s 10,000m race with a timing of 27:49.78, and Harjinder Kaur won silver in the women’s 69kg weightlifting event with a combined lift of 227kg. Gulveer Singh became the first Indian man to win a Commonwealth Games medal in the 10,000m event. The 10,000m race is a long-distance track event in athletics and is held over 25 laps of a standard 400m track. Harjinder Kaur recorded a career-best total of 227kg in the women’s 69kg category. In weightlifting, the total score is the sum of the best snatch and clean and jerk lifts, and Commonwealth Games records can be set separately in both lifts.

 

SCIENCE AND TECHNOLOGY

 

1. India Develops First Indigenous 350 kg Thrust Expendable Turbo Jet Engine: India has successfully developed its first indigenous Expendable Turbo Jet Engine in the 350 kg thrust class, designed by DRDO’s Gas Turbine Research Establishment (GTRE), marking a major milestone in indigenous aerospace propulsion technology. The engine was manufactured and assembled by Hyderabad-based Azad Engineering, GTRE’s industry partner, and was successfully delivered on 22 July 2026, showcasing strong collaboration between India’s scientific and industrial sectors.

 

2. Cabinet Approves DISHA 2.0 Scheme to Expand Technology-Driven Access to Justice: Designing Innovative Solutions for Holistic Access to Justice (DISHA) 2.0 is a Central Sector Scheme with an approved outlay of ₹255 crore for 2026–31, aimed at improving access to justice across India through technology-driven legal services. DISHA 2.0 comprises four key components: Tele-Law: Reaching the Unreached, Nyaya Bandhu (Pro Bono Legal Services) Programme, Legal Literacy and Legal Awareness Programme (LLLAP), and VIDHI (Vision for Integrated Delivery of Harmonised Legal Initiatives)-Sanjeevani. Under Tele-Law, citizens can receive free pre-litigation legal advice through the Tele-Law mobile app, toll-free number 14454, and video/teleconferencing facilities at Common Service Centres (CSCs), with Nyaya Sahayaks assisting service delivery in Aspirational Blocks. The Nyaya Bandhu programme encourages advocates to provide free legal assistance to marginalized and disadvantaged groups. Pro Bono panels have been established in 23 High Courts, while Pro Bono Clubs are functioning in law schools and colleges across the country.

 

3. China Launches Gravity-1 Y4 Rocket, Successfully Places Nine Satellites into Orbit: China successfully launched the Gravity-1 Y4 commercial rocket from the East China Sea, placing nine satellites into orbit and conducting one payload experiment, marking the first far-sea launch by a privately developed commercial rocket. Developed by ORIENSPACE, the 30-metre, 405-tonne Gravity-1 rocket lifted off from a launch vessel operated by the Oriental Aerospace Port under the direction of the Taiyuan Satellite Launch Center. The mission deployed nine satellites for remote sensing, AI-powered Earth observation, environmental monitoring, disaster response, agriculture, and urban planning, while Lilac-3 tested next-generation satellite platform and attitude-control technologies.

 

BANKING AND FINANCE

 

1. DBS Becomes First Southeast Asian Bank Named ‘World’s Best Corporate Bank’ by Global Finance: DBS became the first Southeast Asian bank to be named “World’s Best Corporate Bank” at the 2026 Global Bank Awards by Global Finance, marking the first time a bank from the region has won the award since the category was introduced in 2005. At the 2026 Global Bank Awards, DBS also received the titles of “Asia’s Best Bank” and “Singapore’s Best Bank”, reflecting its strong performance, management excellence, and leadership in corporate banking. Headquartered in Singapore and operating across 19 markets, DBS offers comprehensive corporate banking services to SMEs and multinational companies through its AI-enabled capabilities, global network, and expertise in financing, trade finance, cash management, and advisory services.

 

2. Kerala Cabinet Clears Five Governance Reforms: The Kerala Cabinet approved five governance reforms on 29 July 2026 to strengthen public administration, improve transparency, and reduce revenue leakages linked to project delays. The reforms include a digital asset platform, a GIS-based project registry, a registry of government institutions, legal review measures, and a process re-engineering programme. The Special Asset Management Platform for Administration, Tracking and Harmonisation (SAMPATH) is a centralised digital platform for records of government-owned assets. The platform covers land, buildings, and infrastructure under state ownership. PlanSpace 2.0 is an expanded GIS-enabled project registry for capital projects of government departments. The system records the location, implementing agency, funding, and construction stage of each project.