The Reserve Bank of India (RBI) has decided to close the foreign exchange (FX) swap facility for overseas deposits ahead of schedule. This move impacts banks across India regarding their foreign currency obligations. Recent inflows have surpassed the $50 billion mark. This action is part of the ongoing management of forex liquidity in the market. Further updates on the revised timeline are expected soon. 💹
science The global solar boom is projected to generate up to 402 million tonnes of discarded panels by 2060. Researchers from China, Australia, and Sweden studied how different regions can manage this growing waste stream. The study estimates recycling this waste could yield up to $935.5 billion in net economic benefits by 2060. This process could also prevent billions of tonnes of emissions, offering a valuable resource. However, poorer countries risk carrying the environmental burden without necessary technology and investment.
Eighteen personnel from the Telangana Police and Fire Services received medals for distinguished, meritorious, and gallant service ahead of Independence Day 2026. Two police officers were given the President’s Medal for Distinguished Service in Hyderabad and Secunderabad. A total of ten police personnel earned the Medal for Meritorious Service, alongside one Home Guard. Furthermore, three Greyhounds members got the Medal for Gallantry, and two fire service members were recognized. These awards acknowledge their crucial contributions to protecting lives and property. 🎖️
world Over $2.6 trillion in aid has gone to Africa since the 1960s, which is more than half of India's GDP in donations. Despite aid peaks between 1970-1988, Africa's extreme poverty share rose from 11% to 66%. Economist Dambisa Moyo argues that systemic aid enables corruption, acting like a cursed resource. When budgets rely on donors, politicians answer to foreign powers, not citizens. This influx also ruins local industries, as seen with textile factories in Ghana. 😔
sports India faces a tough run in the 2025-27 WTC cycle with nine Tests left. Captain Shubman Gill stated they must win around six or seven matches to have a real shot at the final at The Oval next June. Currently, India has 52 points from nine matches, giving them a 48.15 PCT. To hit the crucial 60 PCT benchmark, India must secure at least 78 points from the remaining matches. Losing more than two Tests will make reaching the final incredibly difficult for the team. 🏏
Over thirty scientists and enthusiasts attended the Faith and Science Conference in Sagunto, Spain. The event was organized by the Geoscience Research Institute (GRI) to align with the total solar eclipse on August 12, 2026. Participants observed the eclipse, which peaked around 8:30 pm, while discussing science and creation. Speakers explored topics from Ptolemy's remedies to the fine-tuning of the universe. The conference aims to bridge the gap between scientific inquiry and faith through shared understanding.
india The 80th Independence Day will be celebrated at the Field Marshal Manekshaw Parade Ground in Bengaluru this Saturday. A ceremonial parade involving 1,360 members from 37 police force contingents is scheduled to take place. Chief Minister D.K. Shivakumar will hoist the flag at 9 a.m., followed by performances from children and college students. The event also features a performance by 'The Akka Pade' and extensive security arrangements including 110 CCTV cameras. Approximately 3,000 public passes will be issued for those who wish to witness the ceremony. 🇮🇳
india Two male Indian gaurs were transported from Shivamogga Zoo to Patna on Thursday as part of an animal exchange program. The team from Tyavarekoppa Lion and Tiger Safari left the city in two trucks around 5:30 p.m. on Thursday, expecting to reach Patna by Saturday evening. In return for the gaurs, the Shivamogga zoo will receive eight wolves and four gharials. This exchange is the second time gaurs have been moved out of the zoo, with the first transport being to the Indore Zoo. The staff plans to depart Patna on August 18 to bring back the acquired animals. 🦌
india Greater Bengaluru Development Minister Krishna Byre Gowda announced that all current garbage collection vehicles and auto tippers will be replaced within the next six months. This major upgrade is happening in Bengaluru after addressing reader concerns about the poor condition of existing auto tippers. The current auto tippers have a one tonne capacity, but the new ones will boast a larger 3 tonnes capacity. The minister clarified that multiple waste collection slots are not feasible, as waste is currently collected once daily. He urged residents to keep waste in doorstep buckets to improve the workers' conditions.
india A toddler suddenly appeared in the middle of the road in Noida's Sector 69, narrowly avoiding a serious accident. The incident was captured on dashcam footage from July 31, showing the alert driver braking sharply to avoid the crawling infant. The video later went viral, gaining over 2.1 million views as people praised the driver's quick reaction. However, the footage also caused outrage, with some users questioning the mother's actions. This incident highlights the need for attentive driving and safety measures on Indian roads. 🚗
business India's coal demand is forecast to increase significantly to 1.6 billion tons by 2030. This projection was stated by Indian Coal Secretary Vikram Dev Dutt at a commodity industry event in Mumbai. Currently consuming about 1.2 billion tons, the surge is driven by rising electricity and industrial activity. The nation plans a coal trade exchange to boost transparency and energy security. This shift requires more efficient, market-driven mechanisms for coal trading moving forward.
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