BIRAC-BioNEST Incubation Centre Launched at CSIR-CFTRI in Mysuru to Support 26 Start-ups in Food Biotechnology and Bioprocessing

Rs 1 Lakh Crore RDI Fund: Collateral-Free Loans at 2-4% Interest for Deep-Tech Firms via TDB, BIRAC

The government's Rs 1 lakh crore RDI Fund for deep-tech innovation has come under scrutiny as 15 of 22 funded companies have investment ties to selection committee members. The fund provides collateral-free loans at 2-4% interest over 15 years, administered through ANRF with TDB and BIRAC as fund managers.

RDI Fund: Govt Defends Conflict Safeguards; 62% of ₹2,192 Cr Loans Went to Panel-Linked Firms

The RDI Fund, created to support deep tech companies, faces controversy as 62% of first-round soft loans (₹2,192 crore) went to firms linked to selection panel members. The government defends safeguards including super-majority voting and 10% stake disqualification, noting the second cohort has only 1 of 13 such companies. Congress seeks a parliamentary review on August 13.

PM Modi Meets 20 Space Startups on National Space Day, Pledges Unwavering Support for Sector

PM Modi interacted with 20 space startups ahead of National Space Day, emphasizing India's emergence as a global space hub. He assured policy continuity and unwavering support as the sector sees a boom post-2020 liberalization, with Skyroot Aerospace becoming the first private Indian company to conduct an orbital launch.

PM Modi to 20+ Space Start-ups: India's Private Space Ecosystem Can Attract Global Talent Pool

PM Modi met over 20 space start-up founders ahead of National Space Day, lauding their courage and stating that India's private space ecosystem can become a global magnet for scientific talent. The government promised stable policy support, boosting the morale of India's rapidly expanding space start-up sector, which now has over 400 companies.

India's First Private Orbital Rocket Vikram-1 Launched July 18; Gaganyaan Parachute Test Qualified

India's first privately developed orbital rocket Vikram-1, built by Skyroot Aerospace, was successfully launched on July 18, 2026, from Sriharikota under 'Mission Aagaman', making India only the third country globally to achieve private orbital launch capability. The article also covers new IN-SPACe re-entry guidelines, Gaganyaan mission progress (SOLVE motor test, IMAT-05 parachute test, crew module qualification), and a Tracxn report revealing SpaceTech funding concentration. Critical for UPSC: space sector reforms, private participation, and ISRO's human spaceflight milestones.

Centre Notifies Legal Metrology (IST) Rules, 2026; Mandates Common Time Reference

India has mandated Indian Standard Time (IST) as the single legal time reference under the Legal Metrology (IST) Rules, 2026. This move aims to synchronize critical infrastructure like banking, telecom, and power grids, while reducing dependence on foreign time sources like GPS, enhancing national security.

IN-SPACe Releases Planned Re-entry Guidelines: Safety Threshold 1 in 10,000, Mandates Third-Party Liability Insurance

IN-SPACe has released new guidelines for planned re-entry of space objects, establishing a safety threshold of 1 in 10,000 risk to humans and mandating third-party liability insurance for private operators. This is crucial for India's human spaceflight mission Gaganyaan and the growing private space sector.

India's R&D Spending, Patents Surge but Systemic Barriers Hinder Science Superpower Status: E-book

A Hindu e-book analyzes India's scientific trajectory, noting increased R&D spending and patent filings but flagging critical gaps: poor lab-to-market translation, bureaucratic hurdles, brain drain, and rising pseudoscience. For exams, this is a rich source of 'Challenges to India's Innovation Ecosystem' for GS3.