Daily Current Affairs Quiz
30 July , 2026
International & National Affairs
1. India and Permanent UN Security Council Membership
Source: News on Air
Context
External Affairs Minister S. Jaishankar launched SHANTI — Securing Holistic Advancement through Norms, Trust and Integrity — on 13 July 2026 at UN Headquarters, formally opening India’s campaign for a non-permanent UNSC seat for 2028–29. The vote is scheduled for June 2027, during the 81st session of the UN General Assembly. The initiative also reinforces India’s long-standing demand for a permanent seat and for UNSC reform and expansion.
What SHANTI Stands For
- Securing Holistic Advancement through Norms, Trust and Integrity.
- Jaishankar’s stated vision: a secure, peaceful and equitable world where the voice of the Global South is heard in equal measure; where peacekeeping is ready for contemporary and future challenges; and where multilateralism reflects contemporary realities rather than “remaining a bystander”.
- India will advocate better-equipped, technologically enabled and realistically mandated peacekeeping operations, while championing the Women, Peace and Security agenda.
- He noted Indian-funded development projects are being implemented in 79 countries.
What is the UNSC?
The United Nations Security Council (UNSC) is one of the six principal organs of the United Nations. It has the primary responsibility for maintaining international peace and security. It can adopt legally binding resolutions that all UN member states are expected to follow.
Establishment
- Established on 24 October 1945 under the UN Charter.
- Headquarters: United Nations Headquarters.
- Created after World War II to prevent future global conflicts.
Composition
The UNSC has 15 members:
- 5 Permanent Members (P5):
- China
- France
- Russia
- United Kingdom
- United States
- 10 Non-Permanent Members
- Elected by the UN General Assembly.
- Serve 2-year terms.
- Chosen based on regional representation.
- Five members retire each year, and elections are held annually.
Non-Permanent vs Permanent
- Non-permanent stints allow India to build coalitions, shape agendas and demonstrate capability — but carry no veto and last only two years.
- Permanent membership would secure a durable, veto-backed voice in decisions on international peace, sanctions and military authorisations.
- The two are complementary: repeated non-permanent terms build the case for permanence.
2. Madanapalle Municipality Waste Management Model
Source: PIB
Context
Madanapalle Municipality, Andhra Pradesh, is emerging as a model Zero Waste City under Swachh Bharat Mission-Urban (SBM-U) 2.0. It applies an integrated scientific solid waste management model built on source segregation, decentralised processing and resource recovery. It also undertakes legacy waste remediation through bio-mining to reclaim landfill land.
Key Features
- Scientific Waste Segregation at Source
- Waste is segregated into biodegradable, non-biodegradable, and upcycling categories. Source segregation, mandated under the Solid Waste Management Rules, 2016, is essential for efficient waste processing.
- Decentralised Waste Processing
- Wet waste is treated through composting and vermicomposting, while dry waste is processed at Material Recovery Facilities (MRFs). Decentralised processing reduces transport costs, emissions, and dependence on large centralised plants.
- Resource Recovery & Circular Economy
- Non-recyclable waste is converted into Refuse Derived Fuel (RDF) for cement plants, while RRR Centres promote Reduce, Reuse, and Recycle, supporting a circular economy.
- Legacy Waste Remediation
- Bio-mining and bio-remediation are used to clear old dumpsites, recover usable materials, and convert reclaimed land into green spaces and productive public assets.
About SBM-Urban 2.0
- Launched on 1 October 2021 for five years, extended, with an outlay of about ₹1.41 lakh crore.
- Vision: “Garbage Free Cities” — building on SBM-U 1.0 (2014), which focused on Open Defecation Free (ODF) status.
- Key components: sustainable sanitation (ODF+, ODF++, Water+), complete solid waste management, remediation of all legacy dumpsites, used water management in cities under 1 lakh population, and air quality improvement through dust and construction waste control.
- Star Rating Protocol for Garbage Free Cities — 1-star to 7-star certification.
- Swachh Survekshan — the annual cleanliness survey and ranking of cities, the world’s largest such exercise, which creates competitive pressure among urban local bodies.
3. The Fields Medal 2026
Source: The Hindu
Context
The 2026 Fields Medal — mathematics’ highest honour — was awarded on 23 July 2026 at the International Congress of Mathematicians (ICM) in Philadelphia, USA.
What It Is
- Often called the “Nobel Prize of Mathematics”, recognising outstanding mathematical achievement in existing work and the promise of future achievement.
- Awarded by the International Mathematical Union (IMU) every four years at the ICM.
- Established in 1936 from a trust fund created by Canadian mathematician John Charles Fields at the University of Toronto.
Key Highlights:
- Recipients: Yu Deng, John Pardon, Jacob Tsimerman and Hong Wang.
- Hong Wang made history as only the third woman in the medal’s 90-year history to receive it.
- Wang and Deng became the first Chinese-born recipients since Shing-Tung Yau in 1982 — a gap of 44 years — and the first two to win simultaneously.
| Laureate | Institution | Key Contribution |
|---|---|---|
| Yu Deng | University of Chicago | Solved a key part of Hilbert’s Sixth Problem by deriving the Boltzmann equation, linking microscopic particle dynamics with macroscopic fluid behaviour. |
| John Pardon | Stony Brook University / Simons Center | Solved the MNOP Conjecture in symplectic geometry, advancing the mathematics of Calabi–Yau 3-folds used in superstring theory. |
| Hong Wang | NYU Courant Institute & IHES | Solved the three-dimensional Kakeya Conjecture with Joshua Zahl; became the third woman to receive the Fields Medal. |
| Jacob Tsimerman | University of Toronto | Made landmark contributions to algebraic geometry and number theory, proving the Griffiths and André–Oort Conjectures. |
4. The e-Zero FIR System for Cybercrime
Source: News on Air
Context
Minister of State for Home Affairs Bandi Sanjay Kumar informed Parliament that the e-Zero FIR system for cybercrime has been operationalised across 18 States and Union Territories.
What It Is
- A digital, borderless law enforcement framework that automatically generates a First Information Report for reported cyber financial crimes, irrespective of police jurisdiction.
- Nodal body: the Indian Cybercrime Coordination Centre (I4C) under the Ministry of Home Affairs.
Legal Basis
- Rests on Section 173(1) of the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, which permits information about a cognizable offence to be given electronically, and irrespective of the area where the offence is committed.
- This is the provision that replaced Section 154 of the CrPC, 1973, and it is what made e-Zero FIR legally possible — a rare case of a new criminal procedure code directly enabling a technology solution.
System Integration — Three Pillars
- National Cyber Crime Reporting Portal (NCRP) and Helpline 1930
- State/UT e-Crime Police Stations
- NCRB’s Crime and Criminal Tracking Network & Systems (CCTNS)
Aim
- Accelerate law enforcement action against cybercriminals.
- Eliminate jurisdictional delays in filing complaints.
- Enable instant freezing of defrauded funds.
- Facilitate swift restoration of lost money to victims.
5. DAANVEER Initiative
Source: PIB
Context
DAANVEER, a citizen participation initiative to strengthen the digital infrastructure of Gram Panchayats, was launched by Vivek Bharadwaj, Secretary, Ministry of Panchayati Raj, in New Delhi. It enables citizens and organisations to voluntarily contribute computers to Gram Panchayats through the Meri Panchayat mobile application.
What It Is
- A transparent, end-to-end digital and verifiable platform enabling contributions towards identified technology and infrastructure needs of Gram Panchayats.
- Designed not merely to close the immediate computer gap, but to evolve into a long-term, citizen-powered ecosystem for strengthening local institutions.
- Institutionalises the spirit of voluntarism by providing a structured, accountable and seamless mechanism.
How It Works — The Process
- Donor accesses DAANVEER through the Meri Panchayat app.
- The app integrates with the DigiHaat marketplace, offering pre-approved computer bundles mapped to State-specific technical specifications.
- Delivery details are automatically populated, eliminating additional paperwork.
- Donors can track their contribution from dispatch to installation.
- Donors receive a digital certificate of appreciation.
The Four Design Features That Make It Credible
- Verified institutional needs — panchayats’ requirements are identified and validated, not self-declared by donors.
- Standardised contribution options — pre-approved bundles prevent the dumping of obsolete or mismatched equipment.
- End-to-end digital tracking — the donor sees where the contribution goes.
- Direct delivery — no intermediary handling of cash or goods.
The Existing Digital Governance Ecosystem It Builds On
- e-GramSwaraj — a single platform for panchayat planning, budgeting, accounting and online payments.
- Meri Panchayat — the citizen-facing mobile app providing information on panchayat representatives, funds, works and services.
- Sabha Saar — for recording and disseminating Gram Sabha proceedings.
- AuditOnline — for online audit of panchayat accounts.
- Gram Manchitra — a GIS-based spatial planning application for panchayat development plans.
Banking/Finance
1. IRDAI Reforms
Source: The Hindu
Context
IRDAI, at its Authority meeting on Tuesday, 28 July 2026, approved several reforms including the Policyholders’ Education and Protection Fund (PEPF) Regulations. It introduced perpetual registration with an annual fee regime for intermediaries, replacing periodic renewals. It approved the Manner and Procedure for Imposition of Penalties Regulations, 2026.
Key Reforms
| Reform | Key Features & Significance |
|---|---|
| Policyholders’ Education and Protection Fund (PEPF) | Created under Section 16A of the IRDAI Act, 1999 (inserted by the SBSR Act, 2025) to promote insurance awareness, strengthen grievance redressal, improve technology-driven services, and facilitate recovery of unclaimed insurance amounts. IRDAI approved an initial corpus of ₹800 crore. |
| Perpetual Registration | Replaces periodic licence renewal of insurance intermediaries with perpetual registration supported by an annual fee, reducing compliance burden and shifting regulation to continuous supervision. |
| Salesperson Tagging | Requires every insurance proposal and policy to be linked to an authorised salesperson, improving accountability, traceability, and reducing mis-selling. |
| Penalties Regulations, 2026 | Introduces a transparent framework for imposition of penalties under insurance laws, specifying procedures, penalty computation, and appeal mechanisms. |
| New General Insurer | ProTec General Insurance received registration, becoming the fourth new general insurer approved since January 2026, reflecting increased competition in the sector. |
Practice MCQs
Q1. With reference to the recent IRDAI reforms, consider the following statements:
- The Policyholders’ Education and Protection Fund is intended to promote insurance awareness, strengthen grievance redressal and facilitate recovery of unclaimed insurance amounts.
- IRDAI has replaced periodic renewal of intermediary registrations with perpetual registration backed by an annual fee regime.
- IRDAI has mandated the tagging of authorised salespersons to every insurance proposal and policy.
- IRDAI granted registration to ProTec General Insurance, the first new insurer registration since 2020.
How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None
Q2. With reference to insurance regulation in India, consider the following statements:
- IRDAI is a statutory body established under the IRDA Act, 1999, with its headquarters in Hyderabad.
- The Policyholders’ Education and Protection Fund has been constituted under a provision inserted into the IRDAI Act, 1999.
- Life Insurance Corporation of India, The New India Assurance Company and General Insurance Corporation of India have been designated as Domestic Systemically Important Insurers.
- The Depositor Education and Awareness Fund, which holds unclaimed bank deposits, is administered by IRDAI.
How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None
Answer Key
- (c) — Statements 1, 2, 3 are correct; Statement 4 is wrong because ProTec General Insurance is the fourth registration since January 2026, not the first since 2020.
- (c) — Statements 1, 2, 3 are correct; Statement 4 is wrong because the Depositor Education and Awareness Fund is administered by the Reserve Bank of India under the Banking Regulation Act, 1949 — the insurance analogue is the PEPF under IRDAI.
Agriculture
1. Fertiliser Industry Seeks Mid-Season Hike in Nutrient Based Subsidy
Source: BS
Context
Fertiliser companies have urged the Centre to increase Nutrient Based Subsidy (NBS) rates for Kharif 2026. The demand comes after the West Asia conflict sharply increased the cost of imported raw materials like ammonia and sulphur.
Why is the Industry Demanding a Higher Subsidy?
- Raw material prices have risen significantly.
- Retail fertiliser prices cannot be increased beyond a limit.
- Without higher subsidies, companies may reduce production of NP and NPKS fertilisers.
What is the Nutrient Based Subsidy (NBS) Scheme?
- Launched on 1 April 2010.
- Applicable to Phosphatic (P) and Potassic (K) fertilisers.
- Government provides subsidy based on the nutrient content of Nitrogen (N), Phosphorus (P), Potassium (K), and Sulphur (S).
- Subsidy is paid directly to fertiliser companies.
Key Issues
- NBS rates are revised only twice a year, making it difficult to respond to sudden global price shocks.
- Urea is not covered under NBS and remains heavily subsidised, leading to excessive nitrogen use.
- India depends heavily on imports of DAP, MOP, ammonia, sulphur, and rock phosphate, making it vulnerable to global disruptions.
Government Initiatives
- PM-PRANAM: Encourages states to reduce chemical fertiliser use.
- Nano Urea & Nano DAP: Aim to reduce fertiliser imports.
- One Nation One Fertiliser (Bharat Brand): Common branding for subsidised fertilisers.
- Soil Health Card Scheme: Promotes balanced nutrient application.
Key Terms
- NBS: Subsidy based on nutrient content (N, P, K, S).
- DAP: Fertiliser containing 18% Nitrogen and 46% Phosphorus.
- MOP: Main potash fertiliser; India imports 100% of its requirement.
- Balanced Fertilisation: Recommended N:P:K ratio is 4:2:1.
- Landed Cost: Total import cost, including freight, insurance, and duties.
2. Research for Resilience – The Case for Agricultural R&D Funding
Source: BS
Context
According to ICAR, agricultural research and technology contributed nearly one-third of the increase in the value of agricultural output (2024–25). Experts argue that future agricultural growth should come from higher productivity, innovation, and diversification, rather than expanding cultivated land.
Key Highlights
- Every ₹1 invested in agricultural research generates an estimated ₹13.85 in returns.
- Every ₹1 invested in agricultural extension generates ₹7.40.
- Agricultural Research & Education Budget (2026–27): ₹9,266 crore (up from ₹4,836 crore in 2014–15).
- 386 improved crop varieties were released in 2025:
- 94% climate-resilient
- 29 biofortified varieties
Key Concerns
- Around 73% of agricultural expenditure is spent on subsidies and welfare schemes, leaving limited resources for research.
- India’s R&D expenditure is only 0.6–0.7% of GDP, lower than many major economies.
- Agriculture faces growing challenges:
- Shrinking landholdings
- Soil degradation and nutrient imbalance
- Groundwater depletion
- Climate change and erratic monsoons
- Increasing pest and disease outbreaks
Why Agricultural R&D is Important
- Develops climate-resilient and high-yielding crop varieties.
- Improves soil health, water-use efficiency, and resource conservation.
- Promotes diversification into horticulture, livestock, and fisheries, which offer higher farmer incomes.
- Strengthens food security, enhances climate resilience, and supports sustainable agricultural growth.
Way Forward
- Increase and ensure stable funding for agricultural research.
- Strengthen agricultural extension services for faster technology adoption.
- Promote collaboration between ICAR, universities, startups, and the private sector.
- Encourage innovation in precision farming, biotechnology, and digital agriculture.
Key Terms
- ICAR (Indian Council of Agricultural Research): Apex body for agricultural research and education in India.
- Agricultural R&D: Research aimed at improving crop productivity, sustainability, and farmers’ income.
- Agricultural Extension: Transfer of scientific knowledge and modern farming practices to farmers.
- Climate-Resilient Varieties: Crop varieties resistant to drought, heat, floods, and pests.
- Biofortified Crops: Crops enriched with essential nutrients such as iron, zinc, and vitamin A.
- GERD (Gross Expenditure on R&D): Total national expenditure on research as a share of GDP.
- ANRF (Anusandhan National Research Foundation): Established under the ANRF Act, 2023 to strengthen research and innovation across Indian institutions.
3. MoRD–PCI India MoU for Women-Led Enterprises through Public Procurement
Source: PIB
Context
The Ministry of Rural Development (MoRD), through DAY-NRLM, signed a 3-year (2026–29) Non-Financial MoU with Project Concern International (PCI) India. The partnership aims to strengthen Women-Led Enterprises (WLEs), especially Self-Help Group (SHG) enterprises, by improving their access to government procurement and markets.
Key Features
- Establishment of a National Resource Cell (NRC) within DAY-NRLM with technical support from PCI India.
- Development of:
- Enterprise incubation frameworks
- Standard Operating Procedures (SOPs)
- Capacity-building modules
- Training SHGs on:
- Government e-Marketplace (GeM) onboarding
- Tender participation
- Quality standards and documentation
- Procurement compliance
- Promotes sustainable enterprises through renewable energy and eco-friendly production practices.
Initial Focus States (2026–27)
- Assam, Bihar, Jharkhand, Karnataka, Maharashtra, Rajasthan, and Uttar Pradesh.
Why Public Procurement Matters
- Government is India’s largest buyer of goods and services.
- Government contracts provide assured demand, stable income, and market access for SHG enterprises.
- Under the Public Procurement Policy for MSEs, 2012:
- 25% of annual procurement must be from MSEs.
- 3% is reserved for women-owned MSEs.
- 4% is reserved for SC/ST-owned MSEs.
Challenges Faced by SHGs
- Difficulty in meeting documentation and compliance requirements.
- Lack of quality certification and tender awareness.
- Limited working capital and delayed government payments.
- Inability to fulfil large procurement orders individually.
DAY-NRLM & Lakhpati Didi
- DAY-NRLM has mobilised over 10 crore rural women into SHGs.
- Lakhpati Didi aims to create women with an annual household income of ₹1 lakh or more.
- Target increased to 6 crore Lakhpati Didis by 2029–30.
- Budget 2026–27: ₹17,280 crore allocated to DAY-NRLM.
Key Terms
- DAY-NRLM: Flagship rural livelihoods mission that promotes SHGs and women-led enterprises.
- SHG (Self-Help Group): A group of 10–20 women who save, lend, and undertake livelihood activities.
- GeM (Government e-Marketplace): Online government procurement portal that includes the Womaniya initiative for women entrepreneurs.
- Non-Financial MoU: Partnership involving technical support without transfer of funds.
- Enterprise Incubation: Mentoring and support to help new businesses become sustainable.
- Market Linkage: Connecting producers with reliable buyers to ensure regular sales.
- SHE-Mart: Community-owned retail outlets under Lakhpati Didi 2.0 for marketing SHG products.
Facts To Remember
1. President Murmu Launches New Initiatives to Mark Four Years in Office
President Droupadi Murmu launched multiple citizen-centric initiatives at Rashtrapati Bhavan to mark four years of her Presidency, while Vice President C.P. Radhakrishnan released five commemorative books highlighting her tenure. Key initiatives include e-Audio Guide, e-Upahaar (3rd Edition), Bachpan ‘Bal Parisar’, RAAHI (Rashtrapati Bhavan Access and Heritage Interconnector), Net Zero Energy Strategy, and infrastructure development projects.
2. Delhi Tops e-Zero FIR Registrations for Cyber Financial Fraud
The Ministry of Home Affairs (MHA) informed Parliament that over 12,000 e-Zero FIRs for cyber financial fraud were registered across 18 States and UTs in 2025, with Delhi (6,115) recording the highest number, followed by Chandigarh (4,174). Launched in May 2025, the e-Zero FIR system allows victims to report fraud through the 1930 helpline or National Cyber Crime Reporting Portal (NCRP), after which complaints must be converted into a regular FIR within three days.
3. Tripura Signs Three MoUs with NSE
The Government of Tripura signed three MoUs with the National Stock Exchange (NSE) to promote financial literacy, skill development, entrepreneurship, and investment awareness. The collaboration covers investor awareness programmes, banking and capital market training, certification, and industry engagement, with NSE funding the programme and the State Government providing training infrastructure.
4. CUK Signs MoU with Indian Navy
The Central University of Kerala (CUK) signed an MoU with the Indian Navy (IN) to strengthen maritime studies, defence research, innovation, and strategic knowledge development. The partnership focuses on AI, cybersecurity, ocean sciences, maritime technologies, environmental sustainability, logistics, and interdisciplinary research, while promoting industry–academia collaboration.
5. IISc to Host New Telecom Centre of Excellence
The Foundation for Science Innovation and Development (FSID), C-DOT, and the Indian Institute of Science (IISc), Bengaluru signed an agreement to establish a Centre of Excellence (CoE) for advanced telecom research. The CoE will focus on 5G, 6G, AI, cybersecurity, quantum communication, prototype development, IP creation, and industry–academia collaboration, becoming C-DOT’s fifth Centre of Excellence.
6. India Becomes World’s Second-Largest Supplier of Seafarers
According to the BIMCO–ICS Seafarer Workforce Report 2026, India became the world’s second-largest supplier of seafarers with 311,936 professionals, accounting for 12.16% of the global workforce, behind the Philippines. India contributes 140,718 officers and 171,218 ratings, reflecting rapid growth from fifth position in 2015 to second in 2026.
7. ADB Approves USD 850 Million for Rooftop Solar
The Asian Development Bank (ADB) approved a USD 850 million loan under Subprogram 2 of the Accelerating Affordable and Inclusive Rooftop Solar Systems Development Program to support the PM Surya Ghar: Muft Bijli Yojana (PMSG-MBY). The funding aims to help India achieve 30 GW rooftop solar capacity by FY27, reduce 28.8 million tonnes of CO₂ emissions, and expand access to affordable solar energy.
8. Open Secure AI Alliance Launched
NVIDIA, Microsoft, IBM, and over 35 technology companies launched the Open Secure AI Alliance (OSAA) to strengthen the security, transparency, and resilience of AI systems. The alliance promotes secure-by-design AI, common cybersecurity standards, information sharing on AI threats, and industry-wide collaboration following recent AI-related cyber incidents.
9. Satya Pal Kumar Appointed Director of FIU-IND
The Appointments Committee of the Cabinet (ACC) appointed Satya Pal Kumar, a 2005-batch IRS officer, as the Director of the Financial Intelligence Unit-India (FIU-IND) for a five-year term. He succeeds Pankaj Kumar Mishra, and will lead efforts to strengthen India’s framework against money laundering, terror financing, and suspicious financial transactions.
10. CCI Clears Go Digit Merger
The Competition Commission of India (CCI) approved the merger of Go Digit Infoworks Services Pvt. Ltd. with Go Digit General Insurance Ltd. (GDGIL). The merger removes the holding company structure, allows shareholders to hold shares directly in the insurance company, and becomes the first such merger under the Insurance Laws (Amendment) Act, 2025.
11. New Fungus Species Discovered in Maharashtra
Researchers discovered a new polypore fungus species named Microporellus kolhapurensis in Kolhapur district, Maharashtra, with the findings published in Nelumbo, the journal of the Botanical Survey of India (BSI). The discovery adds to the fungal biodiversity of the Western Ghats, becoming only the second recorded species of the genus in Maharashtra.
12. World Nature Conservation Day – 28 July
World Nature Conservation Day is observed annually on 28 July to promote the conservation of natural resources, biodiversity, and ecosystems. The observance traces its origins to the 1972 United Nations Conference on the Human Environment and supports SDGs 13 (Climate Action), 14 (Life Below Water), and 15 (Life on Land).
13. Delhi Approves ‘Delhi Lakshmi Yojana’
The Delhi Government approved the Delhi Lakshmi Yojana, providing ₹2,500 per month to eligible women with a ₹5,110 crore budget for 2026–27. The scheme covers women aged 21–60 years meeting specified income and residency criteria, with the first instalment scheduled on 28 August 2026.
14. Chhattisgarh Launches DWEEPTI Yojana
The Chhattisgarh Government launched DWEEPTI (Decentralised Women Empowerment on Energy and Policy for Transformative Inclusion) Yojana, India’s first women-led distributed renewable energy policy. The scheme aims to create 5,000 women-led solar enterprises, generate 50,000 green jobs, provide clean energy to 5 lakh families, and promote ‘Solar Didis’ through Self-Help Groups (SHGs).
15. LIC Appoints Shatmanyu Shrivastava as CFO
Life Insurance Corporation of India (LIC) appointed Shatmanyu Shrivastava as Executive Director (Finance & Accounts) and Chief Financial Officer (CFO) following the resignation of Sunil Agrawal. Varadarajan Muthuvenkataraman was simultaneously appointed as Executive Director (Enterprise Risk Management) and Chief Risk Officer (CRO).
16. RBI Ombudsman Complaints Rise 13.5% in FY25
According to RBI Ombudsman FY25 data, total complaints increased by 13.55% to 1.33 million from 1.18 million in FY24, with Chandigarh recording the highest complaint rate, at over 4.5 times the national average. For the first time since FY21, private banks received more complaints than public sector banks (PSBs), while NBFC complaints also increased. RBI Deputy Governor Swaminathan J urged regulated entities to strengthen their Internal Ombudsman mechanisms, noting that many grievances reaching the RBI had not been addressed internally first.
17. Indian Navy Launches Machilipatnam ASW Shallow Water Craft
The Indian Navy launched Machilipatnam (BY 529), the seventh of the eight Mahe-class Anti-Submarine Warfare Shallow Water Craft (ASW SWC), at Cochin Shipyard Limited (CSL) on 29 July 2026. Named after the historic port city of Machilipatnam in Andhra Pradesh, the warship reflects India’s maritime heritage while strengthening the Navy’s anti-submarine warfare capabilities and commitment to safeguarding the country’s maritime interests.
