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OPEC+ Approves Modest Production Increase Amid Market Shifts
OPEC+ approved a 188,000 bpd production increase for August, the fifth since the West Asia war. This aims to boost crude availability, lower prices, and ease pressure on importers like India, with Brent crude nearing pre-conflict levels.
India Directs Meta to Disable Child Exploitation Ads on Instagram
India's government has issued a stern notice to Meta, demanding the immediate disabling of all paid advertisements and content on Instagram promoting child sexual exploitation material (CSEAM). Meta has been given seven days to explain how such ads were allowed and what corrective actions have been taken.
Over 72% of NGOs Registered Under FCRA Have Expired or Cancelled Licenses
As of 2012, 52,159 NGOs were licensed under the FCRA, but only 14,455 remain active. Over 72% have had their licenses cancelled or deemed expired, with Tamil Nadu having the highest number of active NGOs and Bihar the highest percentage of cancelled/expired licenses.
Madhya Pradesh CM Lays Foundation Stone for Rs 2,500 Crore Missile Manufacturing Facility
Madhya Pradesh CM Mohan Yadav laid the foundation stone for Adani Defence and Aerospace's Rs 2,500 crore missile manufacturing facility in Shivpuri. The project aims to bolster India's defence supply chain and boost regional investment and employment.
Govt to Make Driving Tests Mandatory for Traffic Violators Seeking Licence Renewal
The Indian government plans to mandate driving tests for license renewals of motorists with traffic rule violations. Amendments to the Motor Vehicles Act also propose interim compensation for accident victims and increased pre-deposit for appeals.
Egypt's 'Octagon' Replaces Pentagon as World's Largest Defense Headquarters
Egypt has inaugurated its new State Strategic Command headquarters, dubbed 'Octagon,' which spans 22,000 acres, making it the world's largest defense headquarters, surpassing the US Pentagon. President El Sisi officially opened the complex, designed to centralize Egypt's military leadership and operations.