Wednesday, 1 July 2026

7 articles across 6 categories

Taxation
1 item

India Marks 9th GST Day as the Goods and Services Tax Completes Nine Years

★ Must Know

India marked the 9th GST Day on July 1, 2026, celebrating nine years since the Goods and Services Tax was rolled out on July 1, 2017, with the taxpayer base now around 1.65 crore.

GST DayGoods and Services TaxGST Council
Government Schemes
2 items

Government Notifies EPF Scheme 2026, Replacing the 1952 Scheme Under the Social Security Code

★ Must Know

The Ministry of Labour and Employment notified the Employees' Provident Funds Scheme, 2026, under the Code on Social Security, 2020, replacing the decades-old 1952 scheme and simplifying withdrawals.

EPF Scheme 2026EPFOCode on Social Security 2020

Punjab Launches 'Mawan Dhiyan Satkar Yojana', Giving Women Rs 1,000 a Month

Punjab CM Bhagwant Mann launched the 'Mawan Dhiyan Satkar Yojana', giving eligible women Rs 1,000 per month (Rs 1,500 for SC women) via direct bank transfer to about 40 lakh beneficiaries.

Mawan Dhiyan Satkar YojanaPunjabWomen welfare
Important Days
1 item

India Observes National Doctors' Day 2026 with the Theme 'Behind the Mask: Who Heals the Healers?'

★ Must Know

India observed National Doctors' Day on July 1, 2026, with the theme 'Behind the Mask: Who Heals the Healers?', honouring the legacy of Dr B.C. Roy.

National Doctors' DayDr B.C. RoyHealth
Defence
1 item

Air Marshal Tejinder Singh Takes Over as Chief of Integrated Defence Staff in July-1 Military Reshuffle

★ Must Know

Air Marshal Tejinder Singh assumed charge as the Chief of Integrated Defence Staff to the Chairman, Chiefs of Staff Committee (CISC) on July 1, 2026, amid a major tri-service leadership reshuffle.

Chief of Integrated Defence StaffTejinder SinghHQ IDS
Economy & Banking
1 item

RBI's New Acquisition-Financing Norms Let Banks Fund Up to 75% of a Deal, Effective July 1

★ Must Know

The RBI's revised acquisition-financing framework took effect on July 1, 2026, allowing banks to fund up to 75% of the value of an acquisition of a controlling stake in a company.

RBIAcquisition financingMergers and acquisitions
Science & Technology
1 item

IIT Jodhpur Becomes a Full Member of CERN's CMS Collaboration at the Large Hadron Collider

IIT Jodhpur became a full member of the CMS Collaboration at CERN, joining frontier particle-physics research at the Large Hadron Collider.

CERNIIT JodhpurCMS experiment
Current Affairs 1 July 2026