India Shines at World Para Athletics Grand Prix 2025 with Record Medal Haul
India claimed the top spot at the World Para Athletics Grand Prix 2025 in New Delhi, securing a total of 134 medals, including 45 gold, 40 silver, and 49 bronze. The event highlighted India’s growing strength in para-athletics, with athletes excelling across various track and field categories. Remarkable achievements included podium sweeps in the Men’s Shot Put F11-F20 and Women’s Discus Throw F56-F57 events. This success reflects India’s commitment to promoting inclusivity in sports and fostering exceptional talent. The Grand Prix reaffirmed India’s position as a global leader in para-athletics, inspiring athletes nationwide.
LIC, New India Assurance, GIC Re Retain Key D-SIIs Designation
The Insurance Regulatory and Development Authority of India (IRDAI) has reaffirmed Life Insurance Corporation (LIC), New India Assurance, and General Insurance Corporation (GIC Re) as Domestic Systemically Important Insurers (D-SIIs) for 2024-25. These insurers are recognized for their significant role in India’s financial ecosystem due to their size, market presence, and interconnected operations. As D-SIIs, they are subject to enhanced supervision to ensure systemic stability and minimize potential financial risks. This move underscores the critical importance of these institutions in maintaining the resilience of India’s insurance sector and supporting the broader financial framework.
Indian Cricket Legend Syed Abid Ali Passes Away at 83
Syed Abid Ali, former Indian all-rounder, passed away at the age of 83, leaving a profound legacy in cricket. Representing India in 29 Tests and 5 ODIs from 1967 to 1975, he was celebrated for his versatility as a medium-pace bowler and dependable batsman. Ali was instrumental in India’s historic Test series wins in England and the West Indies in 1971. Known for his remarkable fielding, he delivered memorable performances, including two fifties in Sydney during his debut series. His dedication and contributions to Indian cricket have left an enduring mark, making him a cherished figure in the sport.
RBI Wins 2025 Digital Transformation Award for Key Initiatives
The Reserve Bank of India (RBI) has been honored with the Digital Transformation Award 2025 by Central Banking, London, for its innovative projects, Pravaah and Sarthi. Pravaah, launched in May 2024, streamlined external regulatory applications, enhancing processing efficiency. Sarthi, operational since January 2023, digitized internal workflows, improving record management and data analysis. These initiatives reduced reliance on paper submissions, bolstered cybersecurity, and integrated seamlessly for operational excellence. The award recognizes RBI’s commitment to modernizing its operations through advanced technology, setting a benchmark in the financial sector for digital innovation and efficiency.
Valueattics Reinsurance: India’s First Private Reinsurer Breaks GIC Re Monopoly
The Insurance Regulatory and Development Authority of India (IRDAI) has granted approval to Valueattics Reinsurance, making it India’s first private reinsurer. Backed by Fairfax Financial Holdings and Oben Ventures, the company begins with a paid-up capital of ₹210 crore and aims to foster competition in the reinsurance market. This historic move ends GIC Re’s monopoly, offering innovation and greater flexibility in treaty negotiations. Valueattics Reinsurance will enhance risk coverage options, complementing its promoters’ ventures in life and general insurance. This step is set to revolutionize India’s reinsurance sector, improving pricing, services, and overall market efficiency.
India-Bangladesh Naval Drill Bongosagar 2025 Bolsters Maritime Cooperation
The India-Bangladesh Naval Exercise Bongosagar 2025 was held in the Bay of Bengal to enhance maritime security and cooperation. Featuring Indian Navy’s INS Ranvir and Bangladesh Navy’s BNS Abu Ubaidah, the exercise included advanced maneuvers such as surface firing, VBSS (Visit-Board-Search-Seizure) drills, and tactical operations. This collaboration aimed at improving interoperability and joint communication strategies. Bongosagar 2025 underscores the nations’ commitment to addressing regional maritime challenges, aligning with India’s SAGAR (Security and Growth for All in the Region) vision. The exercise highlighted the growing trust and strategic partnership between the two neighbors, fostering stability in the region.