The Department of Posts, Government of India, proudly released a commemorative postage stamp to celebrate the 125th Birth Anniversary of Syama Prasad Mookerjee during a grand event held at Siri Fort Auditorium, Delhi.
The event, organised by the Ministry of Culture, Government of India, showcased a vibrant cultural program featuring patriotic instrumental performances and,
an exhibition themed on the life, legacy, and contributions of Syama Prasad Mookerjee.
The first stamp album was presented by Col. Akhilesh Kumar Pandey, Chief Postmaster General, Delhi Circle. The ceremony was attended by senior government officials, institutional heads, and other notable dignitaries, adding to the significance of the occasion.
Designed by Smt. Nenu Gupta, the stamp is a tribute to his pioneering work in education, national unity, and inclusive development rooted in Indian values. A specially designed First Day Cover and Brochure were also launched.
The Indian government has announced that, starting from July 16, 2025, all government payments exceeding Rs. 75 crore must be processed through the Reserve Bank of India's (RBI) e-Kuber system.
Nvidia became the first public company in the world to achieve a market capitalisation of $4 trillion in early trade. The counter rose to its intraday high of $164.42 within the first hour of the session, driven by the strong demand for artificial intelligence technologies to reach this milestone. It cooled off later in the day, closing 1.8% higher at $162.88.
Nvidia first reached a $1 trillion market value in June 2023. It then tripled this value in approximately one year. This growth rate surpassed that of Apple and Microsoft, the only other US firms with market values above $3 trillion.
Microsoft holds the position of the second-largest US company. Its market capitalisation stands at $3.74 trillion.
Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva have set a target of 20 billion dollars to be achieved in the next five years, the Ministry of External Affairs said.
PM Modi and President Lula discussed defence and security, agriculture, food and nutritional security, energy transformation and climate change, digital transformation,
artificial intelligence and other emerging technologies and industrial partnerships.
They also decided to elevate the level of trade talks and establish a ministerial-level mechanism for monitoring trade, commerce and investment-related matters.
Billionaire entrepreneur Elon Musk has announced the launch of a new political party in the United States called the America Party, aiming to challenge the two-party system dominated by Republicans and Democrats.
The move follows a dramatic fallout between Musk and former ally US President Donald Trump.
Although Musk was born outside the US and is ineligible to run for president, he has not disclosed who will lead the new party. It remains unclear whether the America Party has been formally registered with US election authorities.
Babitha B P has been appointed as Deputy Chief Information Security Officer at State Bank of India, taking charge in June 2025 as part of the bank’s ongoing efforts to strengthen its leadership in cybersecurity and risk management.
With more than twenty years of experience in IT and information security, Babitha brings a wealth of expertise to the country’s largest public sector bank at a time when the financial sector is facing heightened cybersecurity threats and increasing regulatory scrutiny.
SBI’s focus on recruiting top-level technology and security professionals, including recent hires for CIO and CTO positions, underscores its strategy to remain at the forefront of digital banking and cybersecurity innovation. Babitha’s leadership is expected to further strengthen SBI’s capabilities in protecting customer data, mitigating cyber risks, etc.
Federal Bank has elevated Venkatraman Venkateswaran as executive director on the board to fill the vacancy after Shalini Warrier left the bank.
The Reserve Bank of India has approved the appointment.
He is assuming charge on July 10 for a period of three years.
Venkateswaran, aged 59, is currently the group president & chief financial officer of the Bank and is in charge of financial reporting, recovery, credit administration among others.
A chartered accountant, he joined the bank in April 2021 as group president after stints in Standard Chartered and HSBC. He spent the first 12 years of his career in the manufacturing sector.
The Department of Atomic Energy notified the tariff norms for nuclear power plants for a five-year period starting FY23, keeping the return on equity unchanged at 15.5% of the project cost.
Return on equity is a key value in determining the tariff of a power unit.
Tariff guidelines for nuclear plants are given by the Department of Atomic Energy, unlike all other state-owned plants, the tariff for which is regulated by the Central Electricity Regulatory Commission.
However, the rate of return on equity for nuclear plants is the same as for thermal power plants in the ongoing five-year tariff period of FY24-FY28.
India has around 8.8 GW of nuclear power plants.
The current nuclear capacity contributes about 3% of the country's electricity generation. Eight reactors with 6,600 MW capacity are under construction and another 10 reactors with 7,000 MW capacity are in pre-project stages.
The government targets 100 GW of nuclear power capacity by 2047.
Central Board of Direct Taxes (CBDT) under the Ministry of Finance has notified bonds issued by Indian Renewable Energy Development Agency Ltd. (IREDA) as ‘long-term specified asset’ under section 54EC of the Income-tax Act, 1961. The notification came into effect from July 9, 2025.
As per the notification, bonds redeemable after five years and issued by IREDA on or after the notification date will qualify for tax exemption benefits under section 54EC, of the Income Tax Act, 1961, which allows capital gains tax exemption on investments in specified bonds.
The proceeds from these bonds will be utilised exclusively for renewable energy projects capable of servicing debt through their project revenues, without dependence on State Governments for debt servicing.
Eligible investors can save tax on Long Term Capital Gain (LTCG) up to Rs. 50 Lakhs by investing in these Bonds in a Financial Year.
IREDA will get benefit in terms of lower cost of funds, which is a significant development for the renewable energy sector, in turn to support the expeditious development of RE sector.
Pradip Kumar Das- Chairman & Managing Director, IREDA.
Prime Minister Shri Narendra Modi is paying a State Visit to Namibia. On the occasion, the President of Namibia, H.E. Netumbo Nandi-Ndaitwah conferred on Prime Minister the highest civilian award of Namibia - Order of the Most Ancient Welwitschia Mirabilis. He is the first Indian leader to be given this award.
The conferment of the award on Prime Minister is a milestone in the bilateral ties between India and Namibia and stands as a font of inspiration for the younger generations in both countries to take this special bilateral partnership to greater heights.
Union Minister of Coal and Mines Shri G Kishan Reddy released operational guidelines of ‘Aspirational DMF Programme’ for the convergence of DMF initiatives with the Aspirational District Programme (ADP) and Aspirational Block Programmes (ABP).
These guidelines are designed to strategically align District Mineral Foundation (DMF) planning and implementation with the development priorities identified under ADP and ABP, which focus on improving socio-economic indicators in India’s most underserved regions. This was launched at the ‘National DMF Workshop’ held at New Delhi.
Another highlight of the event was the launch of Coffee Table Book 2.0, which showcased transformative projects funded by DMFs across India, reflecting the tangible benefits of these efforts in mining-affected communities.
States including Jharkhand, Maharashtra, Odisha, Gujarat, Himachal Pradesh, Rajasthan, and Goa were felicitated for adopting the revised,
PMKKKY 2024 guidelines into the DMF Rules. Furthermore, Tamil Nadu, Karnataka, Uttarakhand, Gujarat, and Chhattisgarh were felicitated for the good performance in timely closure of annual audit reports, working towards greater transparency and accountability.
In line with its Constitutional mandate, the National Commission for Scheduled Castes (NCSC) submitted its Annual Report for 2023-24 to the President of India, Smt. Droupadi Murmu, at Rashtrapati Bhawan, in New Delhi. The delegation was led by Chairman, NCSC, Shri Kishor Makwana.
As per the mandate given to the NCSC under Article 338 of the Constitution of India, the Commission has to present a report to the President of India annually and at such other times, on the working of the Constitutional Safeguards for the Scheduled Castes.
The report includes recommendations for measures to be taken by the Union and the State Governments for the effective implementation, as well as for the protection, welfare, and socio-economic development of the Scheduled Castes.
The report presents a comprehensive review of the functioning of the Constitutional provisions for Scheduled Castes,
addressing issues related to atrocities and crimes committed against the SCs. It outlines key findings from extensive reviews, spot visits and consultations with Central and State Governments regarding the implementation of welfare schemes and socio-economic development programmes for Scheduled Castes.
The proposed combination comprises: (i) acquisition of: (a) portfolio management services (PMS) business of Credit Suisse Securities (India) Private Limited (CS Securities) in India by 360 ONE Portfolio Managers Limited (360 Portfolio); (b) stock broking services and financial product distribution services of CS Securities by 360 ONE Distribution Services Limited, and
(c) loan portfolio which forms part of lending and financing business, of UBS Finance India Private Limited (UBS Finance), undertaken as a systematically important non-deposit taking non-banking financial company by 360 ONE Prime Limited (360 Prime); and
(ii) subscription to warrants of 360 ONE WAM Limited (360 OWL) amounting up to ~4.95% of the paid up share capital of 360 OWL by UBS AG.
