With the evolution of blockchain technology and expansion of digital economies, countries all over the world have begun amending their regulations in view of ensuring that Virtual Digital Assets (VDAs) are properly governed. India’s Income Tax Bill, 2025, sets forth a clear legal structure for VDAs under Section 2(111), and the country’s tax policies thus have corresponded to global standards. What are Virtual Digital Assets (VDAs)? VDAs as Property and Capital Assets This means that any gains resulting from the transactions involving the VDAs will be taxed in a manner analogous to property deals or transactions involving stocks and bonds. Tax Features Global Comparison Country Legal Status of VDAs Tax Treatment U.K. Property Subject to Capital Gains Tax (CGT) U.S. Securities Regulated under SEC financial market laws New Zealand Property Subject to income tax on trades UAE Regulated by VARA 0% personal income tax on certain gains Compliance and Reporting Requirements Heightened Regulation over Crypto Transactions Challenges and Road Ahead India’s taxation approach, therefore, goes so far as to reaffirm that VDAs are a non shadow asset class. For a robust, safe digital economy, the demand for stronger financial regulation, consumer protection, and standardized compliance guidelines has become urgent. Source: TH
Obesity Crisis in India
Context: As per National Family Health Survey, there is such a five fold increase in overweight and obesity cases in India as revealed by a new study published in The Lancet over the past three decades. The number of overweight or obese individuals increased from 53 million in 1990 to 236 million in 2021, projected to surpass 521 million by 2050 in urgent action failure, Making India the second most affected country in the world after China. This includes the key findings of the study What is Obesity? Obesity is a chronic disease that occurs when there is too much body fat. It can lead to many health problems, including heart disease, type 2 diabetes, and some cancers. Definitions of BMI Body mass index (BMI) is a calculation that estimates body fat and compares weight to height. It’s a quick and inexpensive way to screen for weight categories like underweight, overweight, and obesity. Need for Urgent Action: 5 Year Plan (2025-30) The study’s authors call for global and national policy interventions in order to curb the obesity crisis. According to Dr. Jessica Kerr, co lead author of the study, preventing obesity should come at top priority among low and middle income countries. The absence of an action plan could transform into a dramatic rise in an obesity related health care in the next decades. That holistic policy must advocate healthier diets and physical exercise, and improved urban planning to reverse the current trend. Source: TH
Bose Metal
What Is Superconductivity? What Are the Bose Metals? Niobium Diselenide (NbSe₂) A Bose Metal? The Experiment Significance Applications There may be some forsaken few who saw the glimmer of a new state of matter meeting neither the perceived classical nor the microscopic rules and potentially on a path to a new physics in condensed matter. Source: TH
Aditya-L1 Mission Update
Context: The Indian Space and Research Association has announced the second set of scientific data released by ISRO‘s solar observation mission Aditya L1, providing crucial information regarding the Sun’s photosphere, chromosphere, and corona, as well as in situ particle and magnetic field measurements at the first Earth Sun Lagrange Point (L1). The Scientific Journey of Aditya L1 The mission serves as a treasure trove of data for solar parameter studies and helps augment the understanding of solar activity, space weather, and their effect on Earth.
Gangetic Dolphins First Survey
Context: A very large survey has brought out the figure of 6,327 Gangetic dolphins inhabiting the waters of the Ganga and its tributaries, it is the very first standardized assessment of their population. At present, because of varied previous counting methodologies, this number cannot yet indicate trends in population over time. Distribution of Dolphin Population This survey is the first step undertaken in scientific conservation efforts, covering a huge expanse of river stretches that totals 8,507 km. Difficulties in Counting the Dolphins New Survey Methodology Threats of Gangetic Dolphins Roadmap for Conservation in the Future State Wise Dolphin Population With standardized survey methods, simple and focused conservation strategies, India is gearing up for a major leap in the direction of ensuring a favorable future for the Gangetic dolphin, one of the most relevant indicators of river ecosystem health. Source: TH
Cities Coalition for Circularity (C-3)
Context: India launched the Cities Coalition for Circularity C-3, a multi national platform for city to city collaboration, knowledge sharing, and partnership with the private sector in support of sustainable urban development. Key Objectives of C-3 Prime Minister’s Vision To further strengthen the coalition, he proposed the formation of a working group to develop the structure and operational framework for the coalition. Key Signing of the CITIIS 2.0 Agreement A key Memorandum of Understanding (MoU) for CITIIS 2.0 was signed at the time of the launch in the city of Jaipur. C-3 will play a very crucial role in making Indian cities sustainable and resource efficient, said Manohar Lal, Union Minister of Housing and Urban Affairs. 3R and Circular Economy Forum Previous Development A Milestone: The Hanoi 3R Declaration (2013-2023) The launch of C 3 marks a significant step in India’s commitment to sustainability. Through this initiative, India aims to lead global efforts in circular economy practices, ensuring a greener, more resilient urban future. Source: TH
The Sacred Orans
Context: In pursuance of the judgment of the Supreme Court of India, all sacred forests in Rajasthan known as orans were, from December 2024, protected under a High Court order recognising the socio-ecological and cultural significance of orans in T. N. Godavarman Thirumulpad v. Union of India. The ruling brought orans under the purview of the biodiversity-related laws, but the issue remains whether formalisation undermines community governance. The meaning of Orans Yet, despite the concern for mere empowerment of communities that the Court expressed, the whole idea of formalisation, as presented, makes one apprehensive: Declare Orans as Forests under the Forest (Conservation) Act, 1980 Declare Orans as Community Reserves under the Wildlife (Protection) Act, 1972. Orans may become ‘Common Forest Land’ under the Forest Rights Act, 2006. Strengthening Community Led Governance While the Supreme Court’s ruling acknowledged the cultural and ecological significance of orans, the formalization could disturb traditional governance systems.
India-Belgium Defence Ties
Context: India and Belgium deliberated upon defence engagements in Indo Pacific with a view to the maritime domain and, by extension, industrial cooperation. Defence Minister Rajnath Singh met Belgian Defence Minister Theo Francken and Princess Astrid in New Delhi to discuss boosting Belgium’s defence investments in India.An “institutionalised defence cooperation mechanism” is likely in further discussions between the two sides. India-EU Defence Collaboration Strategic Importance This promising India Belgium and India EU partnership will open a new chapter in global defence cooperation for security in the Indo Pacific but beyond. Source: TH
The White House Clash
Context: A day after the heated exchange at the Oval Office between President Donald Trump, Vice President J.D. Vance, and Ukrainian President Volodymyr Zelenskyy, protests for Ukraine erupted across numerous cities in the U.S. Meanwhile, a survey by the PEW Research Center highlights an increasing partisan divide regarding U.S. aid to Ukraine and NATO issues. Moulding Attitudes on U.S. Support for Ukraine Party Split (Chart 1 and 2) Concerns Based on National Security NATO Membership of the U.S.: Eroding Faith Decreasing Support for Additional European Defense Spending A deepening partisan divide over aid to Ukraine, NATO and national security means that greater challenges could loom for U.S. foreign policy in the future. With the Trump administration signaling a shift in priorities, the role of the U.S. in general security alliances continues to remain controversial. Source: TH
India-Australia Economic Cooperation
Context: Australia expressed continuing faith in the economic ascent of India, backing its aim to become the third largest global economy by 2030, and supporting India’s permanent membership in the United Nations Security Council. Recently, Prime Minister Anthony Albanese of Australia announced the New Roadmap for Australia Economic Engagement with India to expand cooperation in various sectors ranging from trade to investment to geostrategic partnership. Trade Surge between India and Australia Focus Areas under the Roadmap The roadmap identified four “Superhighways of Growth”: The other visible path of prosperity will come alive through the seven ‘Major Economic Roads’ including investments, technology, sports, arts & culture, resources, defence, space, and health. Harnessing the Indian Diaspora People to people ties are at an all time high with the 1 million strong Indian diaspora, the fastest growing population group in Australia.Australia is investing ₹132 crore in the Centre for Australia India Relations and ₹22 crore in the Maitri grants program to further strengthen this ‘human bridge’ between the two nations. Going Forward: CECA Implications The New Roadmap indicates Australia’s long term commitment to enhancing India’s economic strength, putting forth a clear, structured approach to an intensified partnership.