NITI Aayog Report: 87 Million Indian Youth Are Not Studying, Working Or In Training
National Institution for Transforming India (NITI Aayog) released its latest report titled “Reimagining Skilling for Viksit Bharat@ 2047”. The report estimated 87 million (8.7 crore) youth aged 15 to 29 years are not studying, working or receiving training.
- The estimates presented in the report are based on data from the 78th round of the National Sample Survey (NSS) conducted in 2021.
MeitY Launched GENESIS EIR Cohort 3.0 at GENESIS NextGen Startup Summit in Coimbatore, TN
Ministry of Electronics and Information Technology (MeitY), through MeitY Startup Hub (MSH), launched the 3rd cohort of its Gen-Next Support for Innovative Startups (GENESIS) Entrepreneur-in-Residence (EIR) programme, a national initiative designed to support aspiring entrepreneurs, innovators, researchers, students and early-stage startup founders in transforming technology-driven ideas into viable ventures.
- The GENESIS EIR 3.0 was formally launched at the GENESIS NextGen Startup Summit (Coimbatore Edition) held at Rathinam Global University in Coimbatore, Tamil Nadu (TN) by Panneerselvam Madanagopal, Chief Executive Officer (CEO) of MSH.
PNGRB Approves 1,800 km LPG Pipeline Network with Rs. 7,000 Crore Investment
Petroleum and Natural Gas Regulatory Board (PNGRB) authorised the development of around 1,800 kilometres (km) of new Liquefied Petroleum Gas (LPG) pipeline infrastructure across 6 states, involving an estimated capital investment of around Rs. 7,000 crore, to strengthen India’s energy infrastructure and LPG supply-chain resilience.
- The three LPG pipeline projects have been authorised for development by GAIL (India) Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum and Natural Gas (MoPNG).
Union Minister Jyotiraditya M. Scindia Launches Revamped Dak Sewa and Dak MITRA Apps to Enhance Digital Postal Services
Union Minister Jyotiraditya M. Scindia, Ministry of Communications, through Department of Posts (DoP) (India Post), launched the revamped Dak Sewa Application (App) and Dak MITRA (Mobile Interface for Transactions and Rural Assistance) App at Rang Bhavan in New Delhi, Delhi, aimed at modernising postal services and enhancing last-mile delivery.
- He also inaugurated 14 renovated post office buildings across 10 states, marking a significant step towards a more modern, accessible, and citizen-centric India Post.
CBN and PHARMEXCIL Sign MoU to Boost Pharma Exports
Central Bureau of Narcotics (CBN) and the Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) signed a Memorandum of Understanding (MoU) to promote legitimate pharmaceutical exports and prevent diversion of controlled substances.
UPI Completes 10 Years of Digital Payment Revolution
On August 25 2026, the Unified Payments Interface (UPI) launched by the National Payment Corporation of India (NPCI), completed 10 years of transforming digital payments and has emerged as the backbone of India’s digital payments ecosystem.
Citigroup and Axis Bank Partner to Finance NRI Investments in FCNR Deposits
Citigroup Inc. entered into an Partnership with Axis Bank Limited to provide financing support to Non-Resident Indians (NRIs) investing in Foreign Currency Non-Resident (FCNR) deposits with the Indian bank.
- Axis Bank offers FCNR deposit rates of up to 6.40%.
Kaziah Liz Mejo from Kerala Won Miss Universe India 2026 Title
Kaziah Liz Mejo, a 19-year old law student from Kerala, won Miss Universe India 2026 title, after competing against 53 contestants at the pageant finale, organised by the Glamanand Group in Jaipur, Rajasthan.
- She has created history by becoming the first woman from Kerala to win the Miss Universe India title.
- After winning this title, Kaziah Liz Mejo will now officially represent India at the 75th Miss Universe pageant scheduled in November 2026 in Puerto Rico.
TCS Acquires Porsche’s IT Arm MHP for EUR 320 Million
Tata Consultancy Services (TCS) announced the acquisition of MHP Management- und IT-Beratung GmbH (MHP), the management and IT consulting subsidiary of Porsche AG, for an enterprise value of EUR 320 million(around Rs 3,575 crore).
- The acquisition forms part of a 5-year strategic partnership worth EUR 1.25 billion aimed at accelerating Artificial Intelligence (AI), digital transformation, and software-defined mobility solutions.
India Test-Fires First 100% Indigenous AK-203 ‘Sher’ Assault Rifle at Amethi Facility in UP
Indo-Russian Rifles Private Limited (IRRPL), based at Korwa, Amethi district, Uttar Pradesh (UP), successfully produced and test-fired the first 100% indigenised AK-203 ‘Sher’ assault rifle, manufactured entirely using Indian components and materials.
- The prototype represents a significant step towards Aatmanirbhar Bharat, advancing localisation of the AK-203 production programme for the Indian Army (IA).
US Navy Unveils ‘AIM-424 Malice’ Long-Range Air-to-Air Missile With 463 km Range
United States (US) Navy, unveiled the ‘Air Intercept Missile (AIM)-424 Malice’, a next-generation Long Range Air-to-Air Missile (LRAAM), developed by Raytheon, a subsidiary of RTX Corporation, with a strike range exceeding 250 nautical miles (463 kilometer, km).
- The missile is designed to strengthen long-range aerial combat and naval defence capabilities.
Guwahati To Host 2028 India Open Badminton Tournament
Sanjay Mishra, Secretary General, Badminton Association of India (BAI) announced that the 2028 edition of the India Open Badminton Tournament will be held at the National Centre of Excellence (NCOE) for Badminton in Guwahati, Assam, instead of its traditional venue, KD Jadhav Indoor Hall, New Delhi, Delhi.
- The decision was taken as the tournament schedule in the last week of January 2028 coincides with the security arrangements for the Republic Day celebrations on 26 January in New Delhi.
Indian Cricketer Karn Sharma Announces Retirement From All Formats
Veteran Indian leg-spinner Karn Sharma announced his retirement from all formats of competitive cricket at the age of 38, with his final professional match held in the Uttar Pradesh (UP) Twenty20 (T20) League Season 4, thereby bringing the curtain down on a career spanning nearly two decades.
Arindam Chaudhuri Launched His New Book ‘Africa Before America’
Dr. Arindam Chaudhuri, Management thinker, author and education entrepreneur, launched his new book Africa Before America, which explores historical perspectives on Africa’s role and significance before the rise of modern America.
About Africa Before America:
Themes: The book explores themes related to African history, civilisations, global economic development, and historical perspectives.
Focus: It represents his vision of a developed and egalitarian global society, focusing on reducing global income inequalities, promoting economic growth and human development in Africa, and creating a more equal world order.
International Day for the Remembrance of the Slave Trade and its Abolition 2026 – August 23
The United Nations (UN’s) International Day for the Remembrance of the Slave Trade and its Abolition is observed annually across the world on 23 August to honour the memory of millions of people affected by the transatlantic slave trade and recognise the struggles against slavery.
Odisha Launches ‘Bidesh Sikhyabruti’ Scholarship Scheme to Fund Overseas Studies for SC/ST Students
Odisha Government, led by Chief Minister (CM) Mohan Charan Majhi, launched the ‘Bidesh Sikhyabruti’ Scholarship Scheme to provide financial assistance to meritorious Scheduled Caste (SC) and Scheduled Tribe (ST) students pursuing higher education abroad.
- The scheme, introduced under the Mukhyamantri Medhabi Chhatra Protsahan Yojana (MMCPY), supports eligible students pursuing Postgraduate (PG) and Doctor of Philosophy (PhD) programmes at reputed foreign universities.
UP and Japan’s Yamanashi Prefecture Sign MoUs to Boost Cooperation in Multiple Sectors
Uttar Pradesh (UP) Government and Yamanashi Prefecture of Japan signed five Memoranda of Understanding (MoUs) at the UP-Japan Investment Meet 2026, in Lucknow, UP to enhance cooperation in skills, energy, tourism, industry, and institutional ties.
- Governor of Yamanashi Prefecture Kotaro Nagasaki announced Rs. 600 crore fund for Micro, Small and Medium Enterprises (MSMEs) from the prefecture to invest in UP, with the partnership aimed at strengthening India–Japan relations..