Appointment and Background

Dr Rajiv Ranjan has been appointed by the New Development Bank (NDB), which was established by BRICS countries, as vice president and chief risk officer. Dr Ranjan is a central banker since 1989, who was recently an executive director at RBI as well as a Monetary Policy Committee member. He is an expert on monetary policy, liquidity management, financial markets and risk assessment with over 30 years of global experience with the G20, IMF, World Bank, BIS, FSB, OECD, and SAARC.

Increasing Pressure on Makers.

The tightening of rare earth metals by China has affected the supply of the metals to the automobiles industry in India. Automakers such as Royal Enfield are reducing unnecessary parts, which reveal India's overreliance on Chinese exports.

India has made a big move in the green mobility as the first battery electric vehicle (BEV), e-VITARA, of Maruti Suzuki, and a new lithium-ion battery manufacturing plant in Hansalpur, Gujarat. Prime Minister Narendra Modi inaugurated the event, and it was an achievement of sustainable transportation and Make in India.

New World Screwworm First Human Case Reported in the US.

The first human case of New World screwworm infestation has been confirmed in decades in the United States. The patient is a travelling El Salvadorian who was diagnosed in early August 2025. Health officials underline that there is no significant threat to the health of people, but the case is an indicator of the possible reappearance of a species of a parasite that has been eliminated in the area.

As part of Paris Agreement carbon emissions trading, India has established a National Designated Authority (NDA) to regulate the trading. It is announced following the completion of Article 6 at COP29 in Baku (November 2024), and is a significant advancement towards an effective carbon market to help India meet its climate obligations.