CURRENT AFFAIRS

Parliament Approves Five Important Maritime Laws to Enhance Blue Economy

The Parliament approved five significant bills in the recently finished Monsoon Session, which revamped colonial-era maritime regulations and will enhance the Blue Economy

Migration is Crucial for Globalization: Amartya Sen

Nobel Prize winner Amartya Sen recently emphasized that migration has been a significant driver of global advancement, facilitating the exchange of culture, knowledge, and values

India's proposed Climate Finance Taxonomy

In May 2025, the Ministry of Finance published India’s preliminary Climate Finance Taxonomy for public feedback

Anna-Chakra Supply Chain Enhancement Tool

The Centre has launched the “Anna-Chakra” Supply Chain Optimisation Tool across 30 States/UTs within the Public Distribution System (PDS)

U.S. Tariffs on India: Effects and Policy Alternatives

In August 2025, U.S. President Donald Trump enacted a 50% tariff on goods imported from India, which included a 25% surcharge concerning India's oil acquisitions from Russia

Proposed Structure for India's Climate Finance Classification

The Ministry of Finance published the Draft Framework for India’s Climate Finance Taxonomy, which intends to establish a cohesive classification system for climate-focused investments, guaranteeing transparency, credibility, and alignment with both national and international climate objectives

Rise of Private Sector Contribution in India's Defence Manufacturing

As per the Department of Defence Production, the private sector accounted for ₹33,979 crore (22.56%) of India’s overall defence production of ₹1,50,590 crore in FY 2024-25

PM Unveiled Upcoming GST Reforms

The Prime Minister of India has introduced a fresh perspective on the country’s Goods and Services Tax (GST) system designed to streamline tax structures that aid the poor, middle class, entrepreneurs, traders, and business proprietors

S&P Raises India’s Sovereign Rating to ‘BBB’

S&P Global Ratings has raised India's long-term sovereign credit rating from 'BBB-' to 'BBB' while maintaining a Stable Outlook

India generates 239.30 million tonnes of milk

As per information provided in the Lok Sabha by the Union Minister of State for Fisheries, Animal Husbandry and Dairying, India's overall milk production is recorded at 239.30 million tonnes