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RBI Cancels Licence of Karnataka's Shree Mahalaxmi Co-operative Credit Bank

Jun 19, 2026

Overview

The Reserve Bank of India (RBI) has cancelled the licence of Karnataka's Shree Mahalaxmi Urban Co-operative Credit Bank due to its deteriorating financial condition and inability to comply with regulatory requirements. Approximately 97.9% of depositors are expected to receive their full insured deposits up to ₹5 lakh through DICGC insurance.

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Smart Seed Coating Technology: A Game-Changer for Rainfed Agriculture

Jun 19, 2026

Overview

The Indian Council of Agricultural Research's Indian Institute of Oilseeds Research (ICAR-IIOR), Hyderabad, has developed Smart Seed Coating Technology. This innovative biopolymer-based technology creates a protective layer around seeds. It delivers beneficial microorganisms, nutrients, and crop protection agents directly at the seed-soil interface. It improves germination rates and early plant growth, particularly for rainfed farming.

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World Sickle Cell Day 2026: Closing the Survival Gap

Jun 19, 2026

Overview

World Sickle Cell Day is observed on 19 June every year to raise awareness about Sickle Cell Disease (SCD), a genetic blood disorder. The 2026 theme is “Closing the Survival Gap: Equity in Sickle Cell Disease.” India has launched the National Sickle Cell Anaemia Elimination Mission to eliminate the disease as a public health challenge by 2047.

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Northeast's Largest Organic Spice Processing Plant Inaugurated in Meghalaya

Jun 19, 2026

Overview

Union Finance Minister Nirmala Sitharaman inaugurated the Northeast's largest organic spice processing plant at Bhoirymbong, Meghalaya, on 19 June 2026. The facility, established by the Eastern Ri Bhoi Organic Farmer Producer Company, has an annual processing capacity of 10,346 metric tonnes. It will benefit 5,500 organic farmers across the North-Eastern region.

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Climate-Resilient Coral Reefs: A Ray of Hope for Marine Ecosystems

Jun 19, 2026

Overview

Coral reefs off Kenya's coast are showing signs of resilience despite climate change. A recent study presented at the Our Ocean Conference in Mombasa found that coral cover in the studied region recovered from 27% to 40% within a year after severe bleaching in 2024. This is a rare positive development in marine conservation.

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