This week's compendium covers high-impact developments across policy, economy, and technology crucial for competitive exams. Key highlights include a strategic review of withholding tax to stem capital outflows, a major push for coal gasification for energy security, and breakthroughs in hypersonic missile technology, alongside significant international and cultural diplomacy.
Exam Lens
Quick Exam Facts From News
1-Minute Revision
- ›Forex Reserve Erosion: $38 billion since March 2025
- ›Current Withholding Tax Rate: 20%
- ›Target this Data: Forex reserve erosion is $38 billion since March 2025; Coal gasification scheme outlay is ₹37,500 crore.
- ›Target this Nodal Body: Indian Strategic Petroleum Reserves Limited (ISPRL) for SPR management; Defence Research and Development Organisation (DRDO) for hypersonic tech.
- ›Target this Legal Point: Withholding tax on government bonds is governed by Section 194LD of the Income Tax Act.
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