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News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies
1.
The Ministry of Defence on Monday inked a Rs 1,943-crore contract with American defence major General Atomics Aeronautical to lease two MQ-9B Sea Guardian High-Altitude Long-Endurance (HALE) Remotely Piloted Aircraft Systems (RPAS) for the Indian Navy for 30 months.
2.
After a seven-month hiatus, the Indian Space Research Organisation (ISRO) is set to resume its launch services, with the earth observation satellite GISAT-1A set to be launched in the first week of September.
This is one of two satellites the other being NVS-03 that has remained parked at Sriharikota spaceport for months as launches were put on hold following a series of setbacks, said officials in the know.
GISAT-1A or Geo Imaging Satellite also referred to as EOS-05 under the new nomenclature is a replacement satellite for the 2021-launched GISAT-1 (or EOS-03), which missed the orbit after the final propulsive segment of the rocket failed to ignite.
3.
The Supreme Court on Monday asked the Centre to respond whether the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, 2025, which replaced the Civil Liability for Nuclear Liability Act of 2010, would preclude constitutional courts from determining a "fair and just" monetary compensation in case of a nuclear mishap.
4.
Stating that states cannot block the elephant corridors fearing crop damage, the Supreme Court Monday asked the Centre to conduct a fresh survey of these corridors across the country.
5.
When the RBI absorbs hedging costs, the exposure moves onto the public balance sheet. When banks raise three-to-five-year money and lend against it, the risk resurfaces as an asset-liability mismatch.
6.
The Accords, introduced by NASA and the US Department of State in 2020, are a set of principles that countries agree to follow in space activities.
The 70 signatories include Japan, India, Israel, and South Korea.
7.
The Bill has drawn sharp opposition from states, who have raised concerns over loss of prospective revenue.
The Centre's stand is that unchecked state-level levies could raise the cost of key minerals, feeding into inflation.
8.
India's efforts to secure critical mineral assets overseas are facing a series of hurdles, ranging from high asset valuations, volatile mineral prices, financial constraints, to socio-political risks in resource-rich countries.
Incorporated in 2019, the government's flagship overseas acquisition vehicle, Khanij Bidesh India Ltd (KABIL) -a joint venture of National Aluminium Company Ltd, Hindustan Copper Ltd, and Mineral Exploration & Consultancy Ltd- is mandated to identify, explore and acquire overseas critical mineral assets to help meet India's growing demand for these strategic resources.

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