Current Affairs

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India Raises Windfall Tax on Diesel, ATF Exports

India revised its windfall tax on petroleum product exports with effect from 16 July 2026. The Ministry of Finance issued the revised rates on 15 July 2026 under...

July 20, 2026

IFSCA Revises Credit Rating Rules for GIFT City

The International Financial Services Centres Authority (IFSCA) revised the credit rating framework for the International Financial Services Centre in GIFT City, Gujarat, through Circular No. IFSCA-CMIR/1/2026-CMIR dated 16...

July 18, 2026

Fact Box: Mobile Phone Manufacturing Scheme

The Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) on 15 July 2026 with a budgetary outlay of ₹62,500 crore. The scheme will run for five years...

July 18, 2026

RBI Introduces New SNFA Framework

The Reserve Bank of India has introduced a prudential framework for Specified Non-Financial Assets (SNFAs) through amendments to the Resolution of Stressed Assets Directions, 2025. The framework applies...

July 18, 2026

Centre Launches Global Trade Guidebook for MSMEs

On 16 July 2026, the Centre for Trade and Investment Law at the Indian Institute of Foreign Trade, in collaboration with the Confederation of Indian Industry, launched a...

July 17, 2026

Government issues draft CAFE III norms

The Government of India released the draft Corporate Average Fuel Economy (CAFE) III norms on 16 July 2026. The draft applies to M1 category passenger vehicles manufactured or...

July 16, 2026

Project INROAD Expands Natural Rubber Plantations in North-East

Project INROAD, or Indian Natural Rubber Operations for Assisted Development, is a plantation expansion initiative for natural rubber in North-East India and West Bengal. By 15-16 July 2026,...

July 16, 2026

CIABC Welcomes India-UK Trade Deal

The Confederation of Indian Alcoholic Beverage Companies (CIABC) welcomed the India-UK trade agreement that came into effect on 15 July 2026. The India-UK Comprehensive Economic and Trade Agreement...

July 16, 2026

Government offers 20 critical mineral blocks in eighth auction tranche

The Centre launched the eighth tranche of auctions for 20 critical and strategic mineral blocks in India on 15 July 2026. The blocks are spread across nine states:...

July 16, 2026

Cabinet Approves 10 GWh ACC Battery Manufacturing

The Ministry of Heavy Industries invited global bids on 15 July 2026 for giga-scale Advanced Chemistry Cell battery manufacturing facilities with a cumulative capacity of 10 GWh in...

July 16, 2026

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