Monthly current affairs for July 2026

Union Minister Amit Shah has launched various initiatives during the 5th Foundation Day Ceremony of the Ministry of Cooperation held at Bharat Mandapam, New Delhi.

The event was organised in alignment with the vision of PM Narendra Modi of "Sahakar Se Samriddhi" (Prosperity through Cooperation).

He also announced that the centre plans to establish a Cooperative Life Insurance Company to expand the cooperative sector.

Regarding infrastructure, 135 godowns were transferred, 85 were inaugurated, and the foundation stone was laid for 47 grain-storage godowns.

The Ministry of Micro, Small and Medium Enterprises (MSME) has mandated that all Central Public Sector Enterprises (CPSEs) must route the settlement of invoices related to procurement from MSMEs through the Trade Receivables Discounting System (TReDS).

The TReDS mechanism has been progressively expanded, starting with mandatory onboarding for CPSEs and companies with a turnover above ₹500 crore in 2018. The threshold was lowered to ₹250 crore in 2024, and mandatory TReDS settlement will be implemented from June 30, 2026.

According to the Ministry of MSME, invoice financing through the TReDS platform has grown from ₹40,000 crore in FY22 to ₹3.47 trillion in FY26. It is to be noted that the TReDS is an electronic platform regulated by the RBI that facilitates the financing and discounting of trade receivables of MSMEs by multiple financiers.

PM Narendra Modi has visited Indonesia at the invitation of President Prabowo Subianto to strengthen bilateral ties and strategic cooperation between the two nations.

He became the first Indian PM to address the Indonesian Parliament in Jakarta, where he unveiled the 'Ganga-Mahakam Vision' to foster a long-term strategic partnership. During the visit, he was conferred with the 'Bintang Adipurna of the Republic of Indonesia,' the highest civilian honour of the country.

PM Modi visited the Prambanan Temple and inaugurated its restoration project, which is proposed to be led by the Archaeological Survey of India (ASI). India has agreed to establish a branch campus of the Indian Institute of Management (IIM) Bangalore in Jakarta. The visit resulted in 20 key outcomes, including the signing of 14 MoUs and agreements.

The State Bank of India (SBI) has divested a 1.42% equity stake in its asset management subsidiary, SBI Funds Management Ltd (SBIFM), for ₹1,655 crore.

The stake was sold to 30 institutional investors through a pre-Initial Public Offering (IPO) placement.

The Geographical Indication Registry (GIR) has granted the Geographical Indication (GI) tag to Sirsa Kinnow, making it the first fruit from Haryana to receive this recognition.

The certification has been awarded to the Kharisureran Farmer Producer Company Ltd, based in the Sirsa district of Haryana.

Jannik Sinner of Italy won the men's singles title of the 2026 Wimbledon Championships by defeating Alexander Zverev of Germany.

Linda Noskova of the Czech Republic won the women's singles title after defeating Karolina Muchova of the Czech Republic in the final.

In the doubles categories, the pair of Guo Hanyu (China) and Kristina Mladenovic (France) won the women's doubles title. Harri Heliovaara (Finland) and Henry Patten (UK) successfully defended their men's doubles title. Marcelo Arevalo (El Salvador) and Jelena Ostapenko (Latvia) emerged victorious in the mixed doubles event.

TPG Inc. has signed agreements to acquire a 100% stake in Aseem Infrastructure Finance Ltd (AIFL) from the National Investment and Infrastructure Fund (NIIF) and other shareholders.

The acquisition is being executed through TPG Rise Climate, the climate investing platform of TPG. The transaction is undertaken in partnership with the Government of Singapore Investment Corporation (GIC) and ICICI Bank Ltd. Upon completion, ICICI Bank will hold an equity stake of up to 5% in AIFL.

The World Bank has approved a financing package of $890 million for India's rooftop solar programme.

This financing is intended to support the implementation of the “PM Surya Ghar: Muft Bijli Yojana”, which aims to install rooftop solar systems in 10 million rural and urban households across India. Additionally, the World Bank will facilitate the mobilization of $4.2 billion in private financing through commercial loans to support households in installing these systems.

The Appointments Committee of the Cabinet (ACC) has appointed Alok Kumar Mittal as the Director General (DG) of the Bureau of Police Research & Development (BPR&D) until June 2029.

The ACC has also appointed Sujeet Pandey as the Director of the Sardar Vallabhbhai Patel National Police Academy (SVPNPA) until July 2028.

The Council of Scientific and Industrial Research-Central Institute of Mining and Fuel Research (CSIR-CIMFR) has developed the Smart Algal Liquid Tree (SALT), a mobile liquid tree designed to purify air in crowded urban areas.

The patented technology functions as a photobioreactor that uses microalgae to absorb carbon dioxide, release oxygen, and reduce dust concentrations. It is currently deployed at the CSIR-CIMFR facility in Dhanbad, Jharkhand, and at Northern Coalfields Ltd (NCL) in Singrauli, Madhya Pradesh.

The Gujarat International Finance Tec-City (GIFT City) has signed an MoU with the Vietnam International Financial Center-Da Nang (VIFC-DN) in New Delhi.

The agreement aims to support the development of the international financial centre of Vietnam, promote cross-border investments, and strengthen financial and business linkages between India and Vietnam.

The India-led Global Biofuel Alliance (GBA) has launched its flagship Global Biofuel Champion Fellowship (GBCF) programme at the India Habitat Centre in New Delhi.

The GBA has selected 15 early-career researchers from leading global universities and research institutions to serve as GBA Ambassadors for a tenure of 2 years. Each fellow will receive a research grant of $15,000. The selected cohort includes 2 researchers from India: Ruchi Agrawal from The Energy and Resources Institute (TERI), Delhi, and Abhishek Sahoo from the IIT Delhi.

Goods and Services Tax (GST) Day

Day – July 1

Observed since – 2018

Union Minister HD Kumaraswamy has inaugurated a new 84,000 cubic metre Reinforced Cement Concrete (RCC) Water Reservoir at the IISCO Steel Plant (ISP) in Burnpur, West Bengal.

The reservoir is designed to meet the operational water requirements of the Coke Oven Battery-10 (COB-10) facility of the plant. It is also engineered to secure water safety for the proposed 4.08 Million Tonnes Per Annum (MTPA) capacity expansion project at the ISP.

India achieved a perfect golden sweep at the 56th International Physics Olympiad (IPhO) 2026, held in Bucaramanga, Colombia.

The Indian contingent, comprising Kanishk Jain, Riddhesh Bendale, Rishit Garg, Shresth Suraiya, and Svarit Joshi, secured a joint No.1 World Rank alongside China, Russia, Kazakhstan, South Korea, and Taiwan.

The ISRO has successfully conducted the Integrated Main Parachute Airdrop Test-05 (IMAT-05) for the Gaganyaan G1 mission at the Aerial Delivery Research and Development Establishment (ADRDE) drop zone in Sheopur, Madhya Pradesh.

The test aimed to validate the Main Parachute System under maximum expected load conditions for the first uncrewed Gaganyaan G1 mission. It is to be noted that the Gaganyaan Crew Module uses a system of 10 parachutes of 4 distinct types.

Leander Paes, a former Indian professional tennis player and Olympic medallist, has been appointed as the Player Ambassador of the Asian Tennis Federation (ATF).

National Doctor's Day

Day - July 1

Theme 2026 - Behind the Mask: Who Heals the Healers?

Observed by - Indian Medical Association (IMA)

Observed since - 1991

Commemorating - The birth and death anniversary of Dr BC Roy, a renowned Physician and the second Chief Minister of West Bengal

Sheikh Hamad bin Khalifa Al Thani, the Father Amir of Qatar, passed away at the age of 74.

He was the founder of the Al Jazeera television network and governed Qatar from 1995 until his voluntary abdication in 2013.

The RBI has approved the appointment of Mahesh Muralidhar Pai as the MD & CEO of the South Indian Bank (SIB) for a 3-year term, effective from October 2026. He succeeds PR Seshadri.