CURRENT AFFAIRS

The Securities and Exchange Board of India (SEBI) has recently cautioned regulated entities and listed companies against an emerging cyber fraud known as the ‘Boss Scam’, where fraudsters impersonate Chief Executive Officers (CEOs), Managing Directors (MDs), and other senior executives to trick finance teams into transferring funds to fraudulent bank accounts.

The Reserve Bank of India (RBI) has introduced a comprehensive prudential framework for Specified Non-Financial Assets (SNFAs) through the Commercial Banks – Resolution of Stressed Assets Directions, 2025 (Third Amendment Directions, 2026).

The Sub-Mission on Agricultural Mechanization (SMAM) has significantly expanded access to farm machinery across India, especially for small and marginal farmers, women, SC/ST farmers, Farmer Producer Organizations (FPOs), and North-Eastern States.

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the National Investment Policy for Urea-2026 for Atmanirbhar Bharat (NIPU-2026).

The Union Cabinet has approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of ₹62,500 crore.

On 15 July 2026, the Reserve Bank of India released draft norms proposing a comprehensive Data Governance Framework (DGF) for banks and Non-Banking Financial Companies (NBFCs).

India has taken a major step towards operationalising its carbon market by notifying draft emission-intensity targets for the iron and steel sector under the Carbon Credit Trading Scheme (CCTS).

India's Prototype Fast Breeder Reactor (PFBR) at Kalpakkam, Tamil Nadu formally moved the country into the second stage of its indigenous three-stage nuclear power programme.

The Union Government has significantly expanded the Prime Minister Internship Scheme (PMIS) under Pilot Round 3 (April 2026 onwards) by allowing Micro, Small and Medium Enterprises (MSMEs), Global Capability Centres (GCCs), statutory bodies, and professional institutes to participate.

The Government of India has announced a major customs duty exemption on several critical inputs and capital goods used in the manufacturing of batteries and display assemblies.