Daily Current Affairs

The central government has set up two high-level panels chaired by Rajiv Gauba, consisting of senior secretaries, economists, and industry experts.

These bodies will function in coordination with ministerial groups headed by Amit Shah and Rajnath Singh.

They will also align their work with a state-level deregulation panel chaired by Cabinet Secretary TVS Swaminathan.

The initiative follows PM Modi’s Independence Day speech, which emphasized the need for transformative reforms.

Kerala has become the first Indian state to achieve 100% digital literacy, completing Phase I of the Digi Kerala project.

The program adopted a grassroots and inclusive approach, bridging the digital divide and enabling broader participation in e-governance and digital democracy.

This achievement establishes a model for Digital India, focusing on people-centered empowerment rather than infrastructure alone.

At the 23rd General Conference of the Asia-Pacific Institute for Broadcasting Development (AIBD) in Phuket, Thailand, India was elected Chairman of the Executive Board.

This marks a major milestone, as India last held the position in 2016.

As a founding member, India will now play a stronger role in shaping regional broadcasting strategies.

Prime Minister Narendra Modi will inaugurate SEMICON India 2025 on 2nd September in New Delhi, marking the 4th edition of the event.

Theme: “Building the Next Semiconductor Powerhouse.”

Organized by SEMI and India Semiconductor Mission (ISM) under MeitY, the exhibition will highlight India’s progress in semiconductor fabs, advanced packaging, AI, smart manufacturing, and chip design innovation.

India’s interest payments on government debt are projected to rise to ₹12.76 trillion in FY26, nearly three times higher than a decade earlier.

The increase is mainly due to high borrowing costs during the pandemic years.

The government is adopting buybacks and bond-switch strategies to smooth repayment schedules and minimize rollover risks.

US President Donald Trump has appointed Sergio Gor as the next US Ambassador to India and Special Envoy for South and Central Asian Affairs.

The appointment comes amid strained US-India ties over trade tariffs and oil imports from Russia.

This dual-role appointment is unprecedented and has drawn close attention in New Delhi.

The ambassadorial post had been vacant since January 2025, making this a significant diplomatic development.

Srinivasan K Swamy, Executive Group Chairman of R K Swamy Ltd, has been re-elected as President of the Advertising Agencies Association of India (AAAI) for 2025-26.

This is his fourth term, having earlier served from 2004 to 2007.

His re-election coincides with the 80th anniversary of AAAI, underlining strong industry trust in his leadership.

Established in 1945, AAAI remains India’s apex body for advertising agencies.

The Reserve Bank of India (RBI) has appointed Indranil Bhattacharyya, Executive Director of the Monetary Policy Department, as an ex officio member of the MPC.

He replaces Rajiv Ranjan ahead of the October 2025 monetary policy meeting.

With over 28 years of experience in central banking, Bhattacharyya is considered an expert in monetary policy and inflation targeting.

His role in the MPC will be crucial for interest rate decisions and ensuring economic stability.

India has partnered with France’s Safran to co-develop and manufacture advanced jet engines for the Advanced Medium Combat Aircraft (AMCA), India’s fifth-generation indigenous fighter jet.

The agreement was announced by Defence Minister Rajnath Singh.

The project, backed by DRDO, represents a major push toward self-reliance in aerospace and defense manufacturing.