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.