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We are here for you to provide the important Recent and Latest Current Affairs July 23 2026, which have unique updates of Latest Current Affairs 2026 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

Union Minister Jyotiraditya M. Scindia launches Mission “Golden Spice” for Meghalaya’s Lakadong Turmeric 
In July 2026, Union Minister Jyotiraditya M. Scindia, Ministry of Development of North Eastern Region (MDoNER) and Ministry of Communications (MoC) along with Conrad K. Sangma, Chief Minister (CM), Meghalaya launched the “Mission Golden Spice – Integrated Lakadong Turmeric Value Chain Enhancement Project” in New Delhi.

• The Rs 175.45-crore convergence-led initiative designed as a phased, five-year roadmap (2025–2030) aimed at transforming Meghalaya’s Geographical Indication (GI)-tagged Lakadong turmeric into a globally competitive premium spice.

About Mission Golden Spice:
Roadmap: The Mission will be implemented as Value Chain Strengthening (Phase 1) and Expansion & Scale-up (Phase 2) for promotion of Meghalaya’s Unique Selling Proposition (USP), GI-tagged Lakadong Turmeric.
Fund Allocation: The funding amount will be shared between the Meghalaya state government, Ministry of Agriculture and Farmers’ Welfare (MoA&FW) and MDoNER which is contributing 50%.
Overview: Lakadong turmeric, grown primarily in the West and East Jaintia Hills districts, is currently cultivated on about 2,600 hectares, yielding roughly 10,000 metric tonnes annually.

MHI Data: Maharashtra tops PLI-Auto scheme with 66 manufacturing units; Tamil Nadu has 38 
In July 2026, the Ministry of Heavy Industries (MHI) presented data in the Lok Sabha (the Lower House of the Parliament) that showed Maharashtra topped among states in terms of manufacturing units established under the Production Linked Incentive (PLI) scheme for the automobile and auto component industry, with 66 units (as of March 31, 2026).

• It is followed by Tamil Nadu (TN) (with 38 units); Haryana (35 units) and Karnataka (35 units), among the top 3 states with highest number of manufacturing units under the scheme.

Key Progress Made under PLI-Auto Scheme:
Total Units: As per the data, so far, a total of 225 manufacturing units have been established nationwide under the PLI-Auto scheme.
Other States: Also, states like: Uttar Pradesh (UP) (13 units), Gujarat (10 units), Uttarakhand (9 units), Rajasthan (7 units), Madhya Pradesh (MP) (6 units), and Telangana (5 units), lead in PLI-Auto scheme.
PLI-Auto Scheme: In September 2021, the GoI approved the PLI Scheme for Automobile and Auto Component Industry in India (PLI-Auto) with a budgetary outlay of Rs 25,938 crore.

ISRO’s VSSC and CSIR-IICT Sign MoU to Develop Indigenous Eco-Friendly Blowing Agent Technology 
In July 2026, the Indian Space Research Organisation (ISRO)’s Vikram Sarabhai Space Centre (VSSC) signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) to jointly develop indigenous technology for next-generation, environmentally sustainable blowing agents.
Key Details:
Aim: The strategic partnership aims to support advanced space applications, reduce India’s reliance on imported fluorochemicals, and bolster the country’s capabilities in strategic materials research.
Key Role: As per the MoU, the  CSIR-IICT’s Research and Development (R&D) expertise in fluorochemical synthesis and process development, will help in the safe handling of anhydrous  hydrogen fluoride (HF), crucial in next-generation fluorochemicals.

• Also, VSSC’s applications-specific requirements and technical evaluation capabilities will help in validating the materials for aerospace missions.

Other Key MoU in Bioastronautics: Also, ISRO’s Human Space Flight Centre (HSFC) signed an Implementing Agreement(IA) with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), Thiruvananthapuram (Kerala) at ISRO Headquarters in Bengaluru, Karnataka, to jointly undertake research and training in the emerging field of space medicine and Bioastronautics in India.

• As part of the collaboration, both entities jointly launched India’s 1st indigenous 2-year Postdoctoral Fellowship programme in the field of Bioastronautics.

Union Minister Ashwini Vaishnaw Launches Pilot Phase of ‘Gems of India’ Challenge
On 21 July 2026, Union Minister Ashwini Vaishnaw, Ministry of Information & Broadcasting (MIB) launched the Pilot Phase of the ‘Gems of India’ Challenge, a national initiative to identify, nurture and promote grassroots digital creators under the emerging Orange Economy. 

• The challenge is hosted on MyWAVES platform, enabling creators to showcase their district’s culture, heritage, tourism, traditions, history and unique achievements through digital storytelling.

About ‘Gems of India’ Challenge: 
Participation:  The pilot phase will cover Andaman & Nicobar(A&N) Islands, Arunachal Pradesh (AR), Chandigarh, Dadra & Nagar Haveli and Daman & Diu, Goa, and Ladakh, with creators submitting 1–3 minute original videos through the MyWAVES section of WAVES OTT from 1 August to 31, 2026.
Partnership:  The initiative involves Prasar Bharati(PB) My Bharat, State and District Administrations, with YouTube and Meta as ecosystem partners.
Awards:  The challenge will provide District-level (Rs. 50,000), State-level (Rs. 2 lakh), and National-level (Rs. 5 lakh) awards, with entries evaluated by District and State Jury Committees comprising experts from culture, heritage, tourism, media and academia.
Expansion:  Based on the pilot phase outcomes, the challenge will expand across all States and Union Territories(UTs) to create a nationwide digital creator ecosystem.
About MyWAVES: It is a citizen creator platform under WAVES OTT for creating, uploading and sharing original content.

ISSDA and GSSE Partner to Promote Stainless Steel for India’s Clean Energy Transition 
On 20 July 2026, the Indian Stainless Steel Development Association (ISSDA) and the Global Stainless Steel Expo (GSSE) entered into a strategic partnership to promote stainless steel as a key enabler of India’s clean energy transition and sustainable industrial growth.

• The collaboration aims to expand stainless steel use in green hydrogen, renewable energy, mobility, infrastructure and industrial sectors.

About ISSDA-GSSE Partnership: 
Objective:  The partnership promotes advanced stainless steel applications through technical conferences, buyer-seller meets and industry collaborations.
Applications: Owing to its corrosion resistance and durability, stainless steel supports green hydrogen, Renewable Energy(RE), ammonia, ethanol, Liquefied Natural Gas (LNG), and chemical sectors.

• The partnership also advocated a National Stainless Steel Policy (NSSP) to strengthen manufacturing and raw material security.

Outlook:  India’s stainless steel market is projected to reach USD 15.8 billion (Rs. 1.36 lakh crore) by 2030.

• India has 7.5 million tonnes(MT) stainless steel production capacity, 60–65% capacity utilisation, and 25–28% import dependency.

About ISSDA : Established in 1980, ISSDA is headquartered in New Delhi, Delhi, and is headed by Rajamani Krishnamurti (President), working towards the growth and promotion of India’s stainless steel industry.

IAMAI Officially Launches E-Commerce Council of India in Bengaluru, Karnataka
In July 2026, the Internet and Mobile Association of India (IAMAI) formally launched the Electronic (E)-Commerce Council of India (ECCI), a nationwide platform, in Bengaluru, Karnataka, to strengthen India’s digital commerce ecosystem through collaboration among industry, government, and other key stakeholders.
About E-Commerce Council of India (ECCI):
Members: The ECCI initiative has onboarded 70–80 members, including major companies like Amazon, Flipkart, IndiaMART, ixigo, Uber, Rapido, Shiprocket, eBay, Urban Company, and Meesho.
Focus: ECCI will focus on digital commerce through electronic commerce (e-commerce) for products and services, digital trade, logistics & supply chain, mobility, Micro, Small, and Medium Enterprises(MSME) enablement, market access, and travel technology.
Collaboration: The ECCI brings together policymakers, marketplaces, brands, logistics providers, technology firms, MSMEs and academia to strengthen India’s digital commerce ecosystem through policy advocacy, research, and collaboration.

• It will host the annual Indian E-Commerce Summit (IECS) to shape the sector’s future.

About IAMAI: Established in 2004, the IAMAI is a not-for-profit industry association registered under the Societies Registration Act, 1860, with its headquarters in Mumbai, Maharashtra. The current president of IAMAI is Dr. Subho Ray .

IIT Kanpur to Set up Centre of Excellence for Green Hydrogen
In July 2026, the Indian Institute of Technology (IIT) Kanpur, Uttar Pradesh(UP), announced the establishment of a Centre of Excellence (CoE) on Innovative and Integrated Ecosystem for Green Hydrogen (ECOGEN) under the UP Green Hydrogen Policy 2024.

• The CoE will be led by Dr. Prabodh Bajpai, Professor in the Sustainable Energy Engineering Department of IIT Kanpur, as Principal Investigator.

About CoE for Green Hydrogen :
Approval: The Proposal for ECOGEN is approved by the authorised committee constituted by Government of UP and has been sanctioned by the UP New and Renewable Energy Development Agency (UPNEDA).
Objective: The CoE will advance research and development across the green hydrogen value chain, including energy generation, storage, utilisation, and system integration, aiming to lower production costs and enable sustainable energy solutions.
Ecosystem: It will conduct research across the entire Green Hydrogen (GH₂) ecosystem, covering all stages from hydrogen generation to storage, distribution, and end-use applications.
Green hydrogen: It is produced by splitting water through electrolysis using renewable electricity from solar or wind energy, making it a low-carbon fuel as it avoids carbon dioxide emissions from fossil fuel-based hydrogen production.

IIPA and ICAI Sign MoU to Strengthen Municipal Financial Governance 
In July 2026, the Centre for Urban Studies (CUS), Indian Institute of Public Administration (IIPA) and the Institute of Chartered Accountants of India (ICAI) signed a Memorandum of Understanding (MoU) to strengthen municipal accounting systems and improve financial management through research, training, and institutional capacity building.

• The MoU was signed in the presence of Union Minister of State(MoS) Dr. Jitendra Singh, Ministry of Ministry of Personnel, Public Grievances, Pensions(MoPP&P); Dr. Surendrakumar Bagde, Director General(DG), IIPA; and CA. Prasanna Kumar D., President of ICAI.

Key Details of MoU:
Framework: The MoU establishes a framework for collaboration in research, knowledge development, training, advisory services, and technical support to strengthen municipal accounting systems and financial management.

• The MoU will remain valid for an initial period of three years.

Activities: Both institutions will jointly undertake policy research, surveys, documentation, knowledge products, and organise training programmes, workshops, seminars, conferences, and webinars for municipal officials.
Capacity Building: The partnership will develop learning resources and facilitate the exchange of professional expertise and best practices to improve financial accountability and governance in Urban Local Bodies (ULBs).

ECONOMY & BUSINESS

India’s outward FDI Drops 47.9% to USD 3 billion in June 2026: RBI Data
In July 2026, according to provisional data released by the Reserve Bank of India (RBI), India’s outward Foreign Direct Investment (FDI) declined by 47.9% Year-on-Year (Y-o-Y) to USD 3 billion in June 2026, compared to USD 5.74 billion in June 2025. It also decreased from USD 4.5 billion in May 2026.

• All three components of Outward FDI commitments: equity, debt, and guarantees, witnessed a decline in June 2026.

Key Findings:
Equity Commitments: It further revealed that equity commitments decreased to USD 738 million (in June 2026) over USD 2.2 billion (in June 2025) and USD 1.25 billion (in May 2026).
Debt Commitments: Similarly, the debt commitments dropped from USD 568.54 million (in June 2025) and USD 645.75 million (in May 2026) to USD 469.87 million (in June 2026).
Guarantees: Also, the guarantees issued by Indian entities to their overseas subsidiaries and ventures dropped to USD 1.78 billion (in June 2026) against USD 2.97 billion recorded in the same month of last year and USD 2.6 billion (in May 2026).
Equity Commitments by Companies: As per the RBI data on major overseas investment commitments, ONGC Videsh Rovuma Limited (OVRL)’s made the largest FDI equity commitment in June 2026, with investment of USD 40 million towards its Mozambique-based Joint Venture (JV), Project R2 Mozambique.

• It is followed by Lenskart (USD 22 million) and GFCL EV products made equity commitments worth USD 30.13 million.

AWARDS & RECOGNITIONS

Eight-Year-Old Iya Krish Becomes Youngest Asian to Summit North Africa’s Highest Peak ‘Mount Toubkal’
In July 2026, Iya Krish, an eight-year-old mountaineer from Thrissur, Kerala, successfully scaled Mount Toubkal (4,167 metre, m), the highest peak in North Africa, in Morocco’s Atlas Mountains, becoming the youngest person from Asia to achieve the feat after a three-day expedition led by Greenway Adventures Travel & Tourism LLC.

• The summit involved covering approximately 42 kilometers (km) with an elevation gain of over 2,900 m.

About Iya Krish:
Preparation: Living in Fujairah, United Arab Emirates (UAE), Iya prepared through regular weekend trekking in the mountains of Ras Al Khaimah and Fujairah, along with Kalaripayattu training to improve endurance and fitness.
Previous Record: At the age of 5 years 11 months, Iya had already climbed Jebel Jais (1,934 m), the highest mountain in the UAE, marking the beginning of her mountaineering journey.
Future Goals: Her future mountaineering ambitions include climbing Mount Elbrus in Russia, Mount Kilimanjaro in Tanzania, and ultimately Mount Everest located on the Nepal–Tibet (China) border, with the goal of summiting Everest before the age of 12.

SCIENCE & TECHNOLOGY

Indian Navy Commissions INS Malvan Warship to Strengthen Coastal Anti-Submarine Capabilities
In July 2026, the Indian Navy (IN) commissioned Indian Naval Ship (INS) Malvan (Yard 524), Second of Eighth Mahe-class Anti-Submarine Warfare Shallow Water Craft (ASW-SWC), during a ceremony held at Naval Base Karwar, Karnataka.

• The ceremony was presided over by Air Chief Marshal AP Singh, Chief of the Air Staff (COAS), in the presence of Vice Admiral Sanjay Vatsayan, Flag Officer Commanding-in-Chief, Western Naval Command in Kochi, Kerala.
• INS Malvan becomes the first Indian naval vessel ever to be commissioned at Karwar and the 7th warship inducted by the Navy in 2026.

About INS Malvan:
Legacy: It named after the historic coastal town of Malvan, Maharashtra, which celebrates the maritime legacy of Chhatrapati Shivaji Maharaj and continues the lineage of the previous INS Malvan (in service until 2003).
Design: Constructed by Cochin Shipyard Limited (CSL), Kochi, Kerala, the vessel incorporates over 80% indigenous content, aligning with the Aatmanirbhar Bharat vision.
Dimensions: The vessel has 70-80 metres (m) long, displaces over 896-1,100 tonnes, has a beam of 11.36 m and shallow 2.7m draft, optimized for operations in littoral zones.

Paninian India Launches India’s First Private-Sector Turbofan Engine Programme
In July 2026, Paninian India Private Limited, a deep-tech and aerospace startup, launched the Yantur 4.5 kilo-Newton (kN) Turbofan engine programme, envisaged as India’s first privately developed turbofan engine in its class.

• The newly launched programme marks a significant step towards establishing indigenous private-sector capability in compact aerospace propulsion for next generation autonomous systems.

About Yantur Engine:
Purpose: The Yantur engine is being developed to power Svayatt L1, a long-range autonomous cruise missile platform of Paninian, is expected to address the key operational requirements of the Ministry of Defence (MoD)’s Make-I programme for the Long-Range Land Attack Cruise Missile (LRLACM).
Expansion: The Yantur engine has the potential to be expanded to 12.5 kN to power its Svayatt Collaborative Combat Aerial Vehicle (CCAV) platform, which is expected to support different types of propulsion systems for future autonomous aerospace applications.
Patent Claims: The Yantur and Svayatt L1 programmes feature 5 patent claims covering innovations in engine family architecture, combustor, and diffuser-nozzle design, compressor technology, digital-twin health monitoring and advanced manufacturing techniques.
Paninian India: Incorporated in 2018, Paninian India Pvt. Ltd. is an Indian deep-tech and aerospace startup based in Hyderabad, Telangana.

ENVIRONMENT

ARI Discovers Five New Allographa Lichen Species in Western Ghats
In July 2026, researchers from the Agharkar Research Institute (ARI), Pune, Maharashtra, an autonomous institute under the Department of Science and Technology (DST), Ministry of Science and Technology (MoS&T), discovered five new Allographa lichen-forming fungi species in the Western Ghats, Kerala.

• The newly identified species are Allographa keralensis (named after Kerala), Allographa nayakae (named in honour of Indian lichenologist Dr. Sanjeeva Nayaka), Allographa paraconsanguinea, Allographa persistinspersa, and Allographa semicarbonisata.

About Discovery of New Allographa Species:
Overview: The discovery significantly expands India’s documented lichen diversity and represents the first comprehensive molecular phylogenetic study of Allographa species from the Western Ghats through integrated morphological and molecular research.

• The findings were published in the journal Mycological Progress.

Methodology: Researchers combined traditional taxonomy, chemical analysis, and multi-locus DNA (Deoxyribonucleic Acid) sequencing using three genetic markers mtSSU (Mitochondrial Small Subunit ribosomal RNA), nrLSU (Nuclear Ribosomal Large Subunit ribosomal Ribonucleic acid, RNA), and RPB2 (RNA Polymerase II Second Largest Subunit) to accurately identify and confirm the new species.

SPORTS

Menuires International Chess Championship 2026: Indian GMs S. Rohith Krishna & Raja Rithvik Win Gold & Silver   
In July 2026, Grandmaster (GM) S. Rohith Krishna of Tamil Nadu (TN) won the gold medal, while GM Raja Rithvik of Telangana secured the silver medal at the inaugural Menuires International Chess Championship 2026 held at Le Break des Menuires, Savoie, France on 11–18 July 2026.

•  Both players finished unbeaten on 7 points from 9 rounds, with Rohith Krishna clinching the title on a superior tie-break score of 43 ahead of Raja Rithvik, who recorded a tie-break score of 41.5.

About Menuires International Chess Championship 2026:
Overview: The championship featured an international field of 86 players competing in a nine-round Swiss-system tournament, where players with similar scores were paired each round to ensure competitive balance without elimination.
Regulation: The tournament was conducted under International Chess Federation or Fédération Internationale des Échecs (FIDE) regulations, with standings determined by total points followed by the prescribed tie-break methods.
Performance: Fourth-seeded Raja Rithvik remained unbeaten with five wins and four draws, including a final-round victory with the black pieces over higher-rated French GM Maxime Lagarde (Elo 2622), despite his own Elo rating of 2521.
Bronze: GM Omelja Artem of Ukraine secured the bronze medal after finishing with 6.5 points.

IMPORTANT DAYS

Pi Approximation Day 2026 – July 22
Pi Approximation Day (Casual Pi Day) is observed annually on 22 July to celebrate the mathematical constant Pi (π), represented by the Greek letter π, and to promote its importance in mathematics and science.
Background:
Origin: Pi Approximation Day was first celebrated in 1995 at Chalmers University of Technology, Gothenburg, Sweden.
Significance: The date 22 July (22/7) represents the fraction 22/7, a well-known approximation of π (3.14159), as 22 ÷ 7 ≈ 3.142857.
About Pi (π): It is an irrational and transcendental number that represents the ratio of a circle’s circumference to its diameter.

• Pi is commonly approximated as 3.14 or 22/7 because its decimal expansion is infinite and non-repeating.

World Brain Day 2026 – July 22 
World Brain Day (WBD) is  observed annually across the world on 22 July to raise awareness about brain health and neurological disorders.

• 2026 Theme: “Brain Health: Access for All”

Background:  
Origin: The idea of observing World Brain Day was proposed by the Public Awareness and Advocacy Committee (PAAC) of the World Federation of Neurology (WFN) in September 2013.
Approval: The proposal was approved by the WFN Board of Trustees in February 2014, making World Brain Day an annual observance.
Organised By: WBD is led by the World Federation of Neurology (WFN), headquartered in London, United Kingdom (UK), in collaboration with the World Health Organization (WHO) and the United Nations Economic and Social Council (UN ECOSOC).
Significance: 22 July commemorates the establishment of the World Federation of Neurology (WFN) in 1957 at Brussels, Belgium.

• The date also marks the formulation of the WFN’s first constitution, representing a milestone in global neurological collaboration.

STATE NEWS

Sikkim CM Prem Singh Tamang Presents Rs 19,215 Cr Annual Budget for FY27, Prioritising Healthcare, Infrastructure and Social Welfare
In July 2026, the Sikkim Chief Minister (CM) and Finance Minister (FM) Prem Singh Tamang presented the ‘Annual Budget for the Financial Year 2026–27 (FY27)’, with a total outlay of Rs 19,215 crore, in the Sikkim Legislative Assembly at Gangtok, Sikkim.
Key Highlights:
Fiscal Position: The Revenue Expenditure (RE) has been estimated at Rs 11,733 Cr and Rs 5,896 Cr has been allocated for the Capital Expenditure (CE).

• The State Government has projected Gross State Domestic Product (GSDP) at Rs 62,973 crore at current prices for FY27.

Scheme Allocation: The state has reserved Rs 2,460 Cr for Centrally Sponsored Schemes (CSS) to accelerate development across sectors.
Healthcare Initiatives: The FY27 Budget announced statewide Human Papilloma Virus (HPV) screening for 1.5 lakh women (30–65 years) to eliminate cervical cancer, launched Sikkim’s first Renal Transplant Programme, and established an Assisted Reproductive Technology (ART) Centre at STNM Hospital.
Education Reforms: The FY27 Budget allocates nearly 15% of the State Budget to education. It also announces 100 annual Bachelor of Medicine and Bachelor of Surgery(MBBS) seats at Sikkim Government Medical College, Sochakgang, from the 2026–27 academic year.

APEDB and UAE Sign MoU to Establish Food Cluster for Horticulture Exports 
On 21 July 2026, the Andhra Pradesh  Economic Development Board (APEDB) signed a Memorandum of Understanding (MoU) with the United Arab Emirates (UAE) Food Cluster to establish a food processing cluster in AP in the presence of AP’s Chief Minister (CM) N. Chandrababu Naidu and Abdulla bin Touq Al Marri at Amaravati, AP.

• The MoU was signed in the presence of N. Chandrababu Naidu, CM of AP and Abdulla Bin Touq Al Marri, UAE Minister of Economy, at Amaravati, AP.

About Food Processing Cluster:
Objective: The agreement aims to boost large-scale exports of  AP’s horticultural produce to global markets while attracting UAE-based investments in food processing and allied industries in the state.
Scope: The collaboration will establish food processing units for horticultural crops such as mangoes, bananas, cocoa, and other produce, while promoting value-added products, exports, and international trade.
Investment:   A Rs. 100 crore processing unit is proposed at Gangadhara Nellore in Chittoor district, AP, to strengthen cold chains and export linkages with the UAE and global markets, serving as an export base for nearly 25 countries.
Significance:   The Initiative will boost AP’s food processing sector, agri-exports, investment opportunities and India-UAE economic cooperation.

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