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Demand, rupee to decide India’s Bloomberg bond index entry

About Bloomberg Global Aggregate Bond Index

  • Bloomberg Global Aggregate Bond Index (BGAI) is one of the world's most influential bond indices, tracking investment-grade government and corporate bonds across global markets.
  • Purpose: Serves as a benchmark for global bond investors and passive investment funds.
  • Eligibility: Countries must satisfy criteria related to market accessibility, liquidity, settlement infrastructure, taxation and foreign investor access.
  • India's Status: India is currently seeking inclusion in the Bloomberg Global Aggregate Bond Index after already joining major global bond indices such as the JP Morgan GBI-EM (2024) and FTSE Russell EMGBI (2025).

President of India presented Gallantry Awards to Armed Forces and Police Personnel. 

About Gallantry Awards

  • Objective: Recognitions given for acts of bravery, valour and self-sacrifice during both wartime and peacetime.
  • Conferred By: The President of India, who is the Supreme Commander of the Armed Forces.
    • Officially announced twice a year on the eve of Republic Day (January 26) and Independence Day (August 15).
  • Nodal Ministry: The Ministry of Defence invites recommendations twice a year from the Armed Forces and the Ministry of Home Affairs.
  • Wartime Gallantry Awards: Param Vir Chakra (Highest), Maha Vir Chakra and Vir Chakra.
    • Instituted on 26 January 1950 (with effect from 15 August 1947).
  • Peacetime Gallantry Awards: Ashoka Chakra (Highest), Kirti Chakra and Shaurya Chakra.
    • Originally, they were named Ashoka Chakra Class I, Class II, and Class III but were renamed in 1967. 
    • Instituted on 4 January 1952 (with effect from 15 August 1947).

US judge strikes down ‘unlawful’ $100k H-1B visa fee 

About H-1B Visa

  • The H-1B Visa is a non-immigrant work visa that allows U.S. employers to hire foreign professionals in specialty occupations requiring specialized knowledge and at least a bachelor's degree or equivalent 
  • Eligible Sectors: Information Technology, Engineering, Healthcare, Finance, Research, Education, Biotechnology, etc.
  • Duration: Initially granted for 3 years, extendable up to 6 years (and longer in some green-card processing cases)
  • India's Significance: Indian nationals are the largest beneficiaries of the H-1B programme, accounting for a majority of approvals 

Union Home Minister calls for joint action by Delhi, Haryana, and Uttar Pradesh to rejuvenate the Yamuna.

About Yamuna 

  • Origin: Yamunotri Glacier near Bandarpunch Peak in the Garhwal Himalayas, at an altitude of about 6,387 m.
  • Length: 1,376 km, making it the longest tributary of the Ganga.
  • Confluence: Joins the Ganga River at Triveni Sangam, Prayagraj (Uttar Pradesh).
  • Himalayan Tributaries: Rishi Ganga, Hanuman Ganga, Tons and Giri.
  • Plain Tributaries: Hindon, Chambal, Sind, Betwa and Ken.
  • Largest Tributary: Tons River, contributing nearly 60% of Yamuna's water flow.
  • Basin States: Uttarakhand, Himachal Pradesh, Haryana, Delhi, Uttar Pradesh, Rajasthan and Madhya Pradesh.
  • Unique Feature: Longest river in India that does not directly flow into the sea.

Union Minister to trigger final blast for historic Zojila tunnel breakthrough

About Zojila Tunnel

  • Location & Structure: 13.14 km long, horseshoe-shaped, single-tube bi-directional tunnel at 11,578 ft altitude between Ganderbal (Kashmir) and Drass in Kargil district of Ladakh.
  • Construction Features: Built using the New Austrian Tunneling Method with Smart Tunnel (SCADA) system.
  • Strategic Importance: Part of the Srinagar-Kargil-Leh Highway, enhancing civilian and military mobility.
  • Significance: Will provide all-weather access to Ladakh and become India’s longest road tunnel and Asia’s longest bi-directional tunnel by 2028.

KABIL acquires five critical mineral blocks in Argentina. 

  • Argentina is part of the “Lithium Triangle” along with Chile and Bolivia, which holds more than half of the world’s lithium resources.
  • Argentina has the world’s 2nd largest lithium resources, 3rd largest reserves and 4th largest lithium production.

About KABIL

  • Establishment: It was incorporated in 2019 under the Ministry of Mines.
  • Joint Venture Structure: Formed by NALCO, Hindustan Copper Ltd. (HCL) and MECL in a 40:30:30 ratios.
  • Objective: To secure critical and strategic minerals and ensure India’s mineral security and supply-chain assurance.

AB-PMJAY achieves nationwide coverage with West Bengal joining scheme.

About AB-PMJAY

  • Launch: Centrally Sponsored Scheme launched in September, 2018 and regarded as the world’s largest health assurance scheme.
  • Components: Ayushman Arogya Mandir and Pradhan Mantri Jan Arogya Yojana (PM-JAY).
  • Objective: To provide accessible and affordable healthcare from primary to tertiary level while reducing the financial burden on poor and vulnerable families.
  • Coverage: Provides cashless hospitalisation cover of ₹5 lakh per family per year for secondary and tertiary healthcare services.

Gyan Bharatam survey maps over one crore manuscripts across India

About Gyan Bharatam Mission

  • Objective: National mission to survey, document and conserve over one crore manuscripts across India.
  • Nodal Ministry: Ministry of Culture.
  • Focus: Digital preservation, cataloguing and sharing of India’s manuscript heritage.
  • Manuscripts Covered: Includes palm-leaf, birch bark and paper manuscripts in Sanskrit, Persian and regional languages.
  • Five Pillars: Survey & cataloguing, conservation, digitisation, translation and research & outreach.
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RELATED TERMS

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Passive investment funds

Investment funds that aim to replicate the performance of a specific market index, such as the BGAI, rather than actively selecting securities. They typically have lower management fees and are designed to provide market returns.

Benchmark

A standard or reference point against which something can be measured or assessed. In finance, indices like the BGAI serve as benchmarks for evaluating the performance of investment portfolios or broader market trends.

Market Accessibility

In the context of financial markets, this refers to the ease with which foreign investors can buy and sell securities, including the availability of trading platforms and regulatory frameworks.

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