Indian Funds in Swiss Banks Triple in 2024 Amid Financial Push
In a dramatic financial shift, Indian funds held in Swiss banks tripled in 2024. The jump was largely due to Indian financial institutions increasing their overseas holdings, not individual account holders. This marks a reversal of past trends, where regulatory crackdowns had reduced foreign deposits. While concerns of black money persist, officials point to legitimate investments and global diversification. The surge reflects India’s growing international financial footprint and evolving banking strategies. The data has renewed political debate, with calls for greater transparency and reforms in how Indian money is parked or invested abroad.
HAL Secures ₹511 Crore Deal to Lead SSLV Commercial Launches
India’s space ambitions received a boost as Hindustan Aeronautics Limited (HAL) clinched a ₹511 crore contract to produce and commercialize Small Satellite Launch Vehicles (SSLVs). This move makes HAL a key player in commercial space launch services. The SSLV program, developed by ISRO, is aimed at low-cost, quick satellite deployments for startups and global clients. HAL’s involvement marks a significant public-private synergy in India’s expanding space sector. The contract will accelerate India’s capabilities in satellite launches and further its goal to become a global space economy hub, especially in the growing small-satellite segment.
‘Desi Oon’ Wins Jury Prize at Annecy, Elevating Indian Animation
Indian animation gained global recognition as “Desi Oon,” directed by Suresh Eriyat, won the Jury Award at the prestigious Annecy International Animation Festival 2025. The film, a poignant tale blending folklore and contemporary issues, impressed judges with its originality and visual storytelling. “Desi Oon” showcases the rise of Indian animators on the world stage, marking a shift from outsourcing to creative leadership. Its success reflects growing global interest in Indian narratives and a maturing domestic animation industry ready to challenge the world with distinctive art and powerful stories rooted in culture.
‘Aranya Rishi’ Maruti Chitampalli Passes Away at 93
Maruti Chitampalli, renowned naturalist, author, and Padma Shri awardee, passed away at 93. Known as ‘Aranya Rishi’ or the Forest Sage, Chitampalli dedicated his life to environmental conservation and wildlife protection in India. His legacy includes decades of service in forest management and inspiring nature writing that brought awareness to rural biodiversity. Beyond activism, he mentored youth and founded nature education centers. His passing marks the end of an era in grassroots environmentalism, but his teachings and deep respect for nature will continue to influence India’s ecological consciousness and conservation movements.
Centre Launches Gender Budgeting Hub to Drive Inclusive Policy
In a major step toward gender equity, India’s Ministry of Women and Child Development launched a Gender Budgeting Knowledge Hub. This digital platform aims to train policymakers, share best practices, and integrate gender-responsive strategies into government budgeting. The initiative supports inclusive governance by helping departments assess how financial allocations impact women and marginalized groups. It marks a shift from symbolic gestures to actionable policy reforms. The hub also encourages data collection and analysis, enabling smarter, more inclusive economic planning. It reflects India’s growing commitment to building equitable systems across all levels of governance.
Karnataka Raises Housing Quota for Minorities to 15%
The Karnataka government raised the housing reservation for minorities from 10% to 15%, sparking political debate. The decision, led by Chief Minister Siddaramaiah, aims to address housing inequities faced by marginalized communities. Supporters call it a progressive move to promote inclusive urban development, while critics argue it may create new imbalances. The quota applies to government housing schemes and is part of a broader social justice agenda. As India grapples with housing shortages, Karnataka’s policy shift could set a precedent for other states to reassess affirmative action in urban welfare programs.