Nitish Kumar Triples Social Security Pensions Ahead of Elections
Ahead of the Bihar assembly polls, Chief Minister Nitish Kumar has announced a threefold hike in social security pensions, a major welfare move likely aimed at bolstering support among low-income groups. The enhanced benefits will impact lakhs of elderly, widows, and differently-abled citizens across the state. Kumar stated that the step reaffirms his commitment to inclusive governance and social justice. Political analysts view the announcement as a strategic effort to consolidate the JD(U)’s voter base in rural and economically vulnerable segments. Implementation is expected before the election model code of conduct is enforced.
Bharti Space Commits ₹313 Crore to Eutelsat Satellite Venture
Bharti Enterprises’ space subsidiary, Bharti Space Ltd, will invest ₹313 crore (€31.4 million) to support the satellite expansion plans of Eutelsat, its European partner. The move strengthens India’s footprint in the global satellite communications sector and aligns with the increasing demand for advanced space-based connectivity. The funding will aid in developing Eutelsat’s next-generation satellite systems, enhancing broadband and media services across continents. This partnership signals Bharti’s commitment to long-term space infrastructure and aligns with India’s ambitions in commercial satellite ventures and digital transformation.
RBI’s New Project Finance Rules Boost NBFC Growth Potential
The Reserve Bank of India (RBI) has rolled out its much-anticipated final guidelines on project finance, providing major relief for Non-Banking Financial Companies (NBFCs). The new norms offer flexible provisioning timelines and risk classification, enabling institutions like REC and PFC to lend more effectively to infrastructure projects. By aligning with global best practices, the framework ensures greater financial stability while fostering long-term capital formation. Analysts believe this move will stimulate lending to power, road, and renewable energy sectors, potentially unlocking over ₹1 lakh crore in fresh investments over the next five years.
Boudh District Joins Indian Rail Network for First Time
In a historic development, Odisha’s Boudh district has been connected to the Indian Railways network for the first time. On June 20, 2025, Prime Minister Narendra Modi inaugurated a new railway line under a major regional connectivity initiative. The rail link promises to transform the region’s economic and social landscape, improving access to healthcare, education, and markets. It is also expected to boost tourism and agricultural logistics. The project forms part of the central government’s larger agenda to ensure rail connectivity in every district across the country, especially in underdeveloped and tribal areas.
NPCI Unveils NACH 3.0 for Faster Salary and EMI Transactions
Starting July 2025, the National Payments Corporation of India (NPCI) will roll out NACH 3.0, an upgraded version of its automated clearing platform. The latest iteration promises faster and more efficient processing of salaries, EMIs, SIPs, and other recurring payments. With enhanced real-time capabilities and strengthened security, NACH 3.0 aims to reduce settlement delays and improve user experience across banking platforms. This move is expected to benefit both individuals and businesses by offering seamless and predictable payment flows. NPCI continues to drive innovation in India’s digital financial infrastructure, aligning with the broader Digital India vision.
“Woman! Life! Freedom!”: New Book Chronicles Iran’s 2022 Uprising
Chowra Makaremi’s compelling new book, “Woman! Life! Freedom!”, set for paperback release, offers an intimate, urgent account of Iran’s 2022 women-led protests. Centered around the slogan that became a global symbol of resistance, the book documents the voices, stories, and sacrifices that fueled a nationwide movement after the death of Mahsa Amini. Makaremi, a renowned anthropologist, blends personal narratives with sharp political analysis, capturing the spirit of a generation fighting for change. The work has been hailed as a definitive chronicle of Iran’s ongoing struggle for freedom, gender equality, and human rights.