NASA prepares rescue mission for Swift NASA is preparing a $30 million robotic mission to prevent the Neil Gehrels Swift Observatory from re-entering Earth’s atmosphere after two decades of service in space. The agency has described the effort as a race against time and gravity, as the aging telescope continues to lose altitude because of orbital decay. The mission will be led by Katalyst Space Technologies, a startup developing a three-armed spacecra

The RBI introduced the US dollar-rupee swap facility on Monday, June 8, 2026. It applies to eligible fresh FCNR(B) deposits, including deposits renewed at maturity, with an original tenure of at least three years and no more than five years. Deposits must be mobilized between Monday, June 8, 2026, and Wednesday, September 30, 2026. Banks may use the RBI swap window through Friday, October 16, 2026. The swap

The R Madhavan Titan watch worn during his Padma Shri ceremony was more than an expensive accessory. Priced at ₹40.5 lakh, or 4.05 million rupees, the rare timepiece brought Indian miniature art, Jaipur’s architectural heritage and advanced mechanical watchmaking together on one dial. President Droupadi Murmu presented Madhavan with the Padma Shri at Rashtrapati Bhavan in New Delhi on Tuesday, June 23, 2026. The Padma Shri is one of India’s highest civilian ho

A Chinese reusable spacecraft linked to the Shenlong program has triggered fresh global scrutiny after tracking data showed a separate object appearing in close proximity during its latest orbital phase. The event, observed in June 2026, has added new uncertainty around the nature of China’s secretive spaceplane operations. Tracking data reveals unexpected separation in orbit Independent space surveillance firm LeoLabs reported detection of a new object near the Shenlong spacecraft during routine orbital monitoring. The timing and proximity suggested a possible release or separation event from the main vehicle. The object was later incorporated into the US Space Force satellite catalog, allowing continued tracking through global space surveillance networks. What the Shenlong spaceplane is designed for Shenlong spaceplane is China’s experimental reusable orbital vehicle designed to launch via rocket and return to Earth like a conventional aircraft. The system is believed to support long-duration missions involving orbital testing, reconnaissance experiments, and reusable spacecraft technologies. It is often compared to the US X-37B program due to its similar operational profile and secrecy surrounding mission objectives. Launch background and mission profile The spacecraft associated with this mission was launched from the Jiuquan Satellite Launch Center aboard a Long March 2F rocket. Since launch, Chinese authorities have released minimal operational details, leaving external analysts to rely heavily on radar tracking, orbital behavior, and third-party observations to interpret mission activity. Why the object detection raised questions The appearance of a separate object in close orbital proximity has led analysts to consider several possibilities, including experimental deployment, satellite servicing tests, or controlled separation of hardware. While none of these scenarios have been confirmed, the pattern aligns with rendezvous and proximity operations (RPO), a capability used for inspecting or interacting with objects in space. Strategic implications and global monitoring The development is being closely monitored because RPO technology has dual-use applications. It can support peaceful maintenance missions but also enable advanced surveillance or counter-space capabilities. As a result, both US and international tracking systems continue to observe Shenlong missions for behavioral patterns that may indicate evolving strategic capabilities. Ongoing uncertainty around mission details Despite growing external analysis, no official clarification has been issued regarding the nature of the detected object. This lack of transparency keeps the mission under active observation, with each new orbital event contributing to broader assessments of China’s reusable spacecraft program and its long-term strategic direction.

RBI’s push for FCNR deposits is designed to bring more foreign currency into India. But the latest available data show that most NRI bank money in India remains in rupee-denominated accounts. Where NRI Bank Deposits Were Held

The Reserve Bank of India is reviewing a proposal to introduce polymer, or plastic, currency notes in the country. However, no final decision has been taken yet. RBI Governor Sanjay Malhotra said the idea is still at a preliminary stage and the central bank is currently studying whether such notes would be suitable for India. According to him, the proposal is under consideration, and the public will be informed whenever a decision is made. RBI Studying B

The ISS Zvezda module air leak is drawing renewed attention to the challenge of maintaining aging spacecraft hardware in low-Earth orbit. NASA and Roscosmos continue to manage the long-running issue inside the International Space Station’s Zvezda service module, where small cracks have been linked to the PrK tunnel. ISS Zvezda Module Air Leak Remains Under Monitoring The Zvezda module, launched in July 2000, provides living s

Proposal Raises Currency Debate President Donald Trump could appear on a proposed new $250 bill if Congress approves legislation that would change current restrictions on US currency. The proposal has drawn attention because federal law currently bars living people from appearing on American paper money. If approved, the measure would allow Trump to be featured on a commemorative bill connected to the 250th

India’s 1991 gold pledge remains one of the clearest examples of how a financial crisis reshaped the country’s economic direction. The episode matters again in 2026 as India holds larger foreign exchange and gold reserves, signaling preparation rather than panic. India’s 1991 gold pledge and the Gulf shock India’s balance-of-payments crisis deepened after Iraq invaded Kuwait on Thursday, August 2, 1990, triggering a Gulf crisis that added pressur

The Indian rupee has reached a historic low of 96 against the US dollar, affecting household budgets, imported goods, and fuel prices. With each dollar costing more in rupees, daily expenses are rising for families across India. Why the Rupee Is Weak Today Several factors are driving the rupee’s decline: Rising Oil Prices Global tensions near key oil routes have pushed crude prices above $

Royal Challengers Bengaluru secured a dramatic two-wicket victory over Mumbai Indians on the final ball of their IPL clash in Raipur on Sunday,May 10th, with Krunal Pandya delivering a decisive all-round performance under pressure. Despite an outstanding four-wicket spell from Corbin Bosch, Mumbai Indians failed to defend their total as RCB completed another memorable last-ball chase against their long-time rivals. The result officially ended the playoff hopes of both Mumbai Indians

Regulatory action culminates in license cancellation What happened to Paytm Payments Bank? RBI cancels its license after violations forms the central development in India’s financial sector, as the Reserve Bank of India revoked the banking license of Paytm Payments Bank Ltd wi

The Reserve Bank of India has kept the policy repo rate unchanged at 5.25% in its first monetary policy announcement for the financial year 2026–27. The decision was announced by RBI Governor Sanjay Malhotra following a detaile

On April 8, 2026, India’s stock markets experienced a remarkable surge, with the BSE Sensex climbing over 2,700 points, marking a 3.66% increase, and the Nifty rising by more than 3.4%. Investor wealth swelled by over Rs 14 lakh crore during the early trade, signaling a sharp recovery after a period of volatility. This rally was fueled by multiple factors, including easing global geopolitical tensions, softer crude prices, and an increase in investor confidence. The biggest trigge

The Reserve Bank of India (RBI) is expected to introduce incentives for Non-Resident Indian (NRI) deposits in its upcoming April monetary policy review to help stabilize the Indian Rupee. Experts suggest that the RBI may revive the foreign currency non-resident (FCNR B) deposit scheme to attract foreign deposits and address the rupee's volatility. Currently, the UAE accounts for over 40% of FCNR (B) deposits, showing a heavy reliance on the Gulf region. NRI deposit inflows have seen

The Indian rupee slipped past the 95 mark against the US dollar on March 30, 2026, hitting an all-time low of 95.20 per dollar, a decline of 0.3% for the day. This drop occurred despite the Reserve Bank of India's (RBI) recent intervention aimed at curbing currency volatility. The currency has been under pressure from a mix of global factors, sustained foreign outflows, and rising oil prices. The RBI had introduced measures to support the rupee by tightening limits on banks' foreign exchange positions. As of late Friday, the central bank directed banks to cap their net open rupee positions in the foreign exchange market at $100 million by the end of each business day, with compliance required by April 10. While this move offered temporary relief, the impact was limited as analysts pointed out that underlying factors, such as persistent foreign outflows and high crude oil prices, continued to weigh on the rupee. Foreign portfolio outflows have been one of the major contributors to the rupee's weakness. These outflows, coupled with high global oil prices, have put pressure on India’s current account deficit, thus exerting more pressure on the currency. The rising oil prices are linked to geopolitical tensions, such as the ongoing conflict in Iran, which has exacerbated market volatility. Additionally, the wider spread between the onshore and non-deliverable forward (NDF) markets, due to increasing volatility, has contributed to the rupee’s decline. Despite the RBI’s directive, the rupee continued its downward spiral, reflecting broader economic challenges. The currency has fallen over 4% in March alone, marking its worst monthly performance in over seven years. The Nifty 50 index also reflected the market's overall weakness, dropping by about 2% on Monday, with a looming risk of its worst monthly decline since March 2020. In this uncertain climate, analysts predict that unless there is a significant drop in oil prices or a reversal in foreign fund flows, the pressure on the rupee is likely to persist. The continued outflows from emerging markets and heightened global uncertainty have created a negative sentiment surrounding India’s economic outlook, which, in turn, has kept the rupee under significant pressure.

The Indian rupee has slipped to a new record low, falling to 94.1575 per US dollar, surpassing its previous all-time low of 93.98 set earlier this week. The continued decline is being attributed to growing concerns over the ongoing conflict in the Middle East, which has placed significant pressure on global markets, including the Indian currency. Since the war broke out late last month, the rupee has weakened by about 3.5%, reflecting the heightened uncertainty in international mark

The central government has retained the 4% retail inflation target for the next five years, from April 1, 2026, to March 31, 2031, with a tolerance band of 2–6%. This decision, made in consultation with the Reserve Bank of India (RBI), continues the inflation-targeting framework that was first introduced in 2016. The move aims to maintain price stability while allowing some flexibility in the target, accommodating short-term volatility. The government’s inflation target, outline

As Illinois prepares for its 2026 primary election, early voting is already underway in several parts of the state, setting the stage for a contest that could reshape the political landscape despite the absence of a presidential race. The March 17 primary arrives at a pivotal moment, marked by the retirement of long-serving U.S. Sen. Dick Durbin and a series of high-profile matchups across statewide and congressional offices. In suburban Cook County, early voting begins Monday, with

LARGO, Md. — Facing mounting public pressure over sharply rising utility costs, Maryland lawmakers and local officials are advancing a series of measures aimed at delivering immediate financial relief while pursuing long-term changes to the state’s energy infrastructure. The coordinated push reflects growing concern among residents who say recent power bills have become increasingly difficult to manage. In Annapolis, the administration of Gov. Wes Moore introduced Senate Bill 38