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One Liners 03-07-2026
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Polity & Governance
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Default Bail
Supreme Court recently said that accused persons cannot claim default bail for non-filing of additional copies of the charge sheet.
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Bharat Tex 2026
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India's largest global textile trade fair.
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Venue – New Delhi.
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Organized by – Bharat Tex Trade Federation (BTTF) in collaboration with the Ministry of Textiles.
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Inspired by – 5F Vision - Farm to Fibre to Factory to Fashion to Foreign.
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Objectives –
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To focus on circular textiles and ESG compliance standards.
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To showcase Industry 5.0, smart manufacturing, and R&D solutions.
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Significance – It serves as a unified mega-platform showcasing India's entire textile value chain.
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Kala Sanskriti Vikas Yojana (KSVY)
Government of India has officially invited applications for the Grant Year 2026–27.
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Type – Central Sector Scheme.
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Nodal ministry – Ministry of Culture.
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Objectives –
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To provide crucial financial assistance directly to artists, NGOs, researchers, and cultural organisations.
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To preserve and promote the rich cultural heritage of India.
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International Relations and Issues
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Sri Lanka – Upper-middle-income economy
World Bank has upgraded Sri Lanka's status to an upper-middle-income economy recently.
World Bank’s Income Classifications
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World Bank Group (WBG)
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It serves as one of the world's largest sources of funding and knowledge for developing nations.
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Headquartered in – Washington, D.C.
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Global partnership – 189 member countries
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Objective – It is dedicated to reducing poverty and building shared prosperity.
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WBG is group of 5 institutions –
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IBRD (International Bank for Reconstruction and Development)
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IDA (International Development Association)
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IFC (International Finance Corporation)
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MIGA (Multilateral Investment Guarantee Agency)
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ICSID (International Centre for Settlement of Investment Disputes) – India is not a member of ICSID
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Note – IBRD and IDA together known officially as the World Bank.
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Economy
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Growth of Indian Railways Transportation
Indian Railways registered steady growth in both freight transportation and passenger services.

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Agriculture
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Wild Rice Conservation Project
NRAA-Funded Wild Rice Conservation Project Secures Major Milestone in Assam recently.
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It is an agricultural initiative in India titled "In-situ Conservation and Management of Wild Rice (Oryza rufipogon) in Sonitpur District of Assam”.
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Funded by – National Rainfed Area Authority (NRAA).
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Nodal ministry – Ministry of Agriculture & Farmers Welfare.
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Implementing bodies –
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Target species – Oryza rufipogon, a wild ancestor of rice.
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Highlight – Borjuli wetland site in Assam was officially notified as a national biodiversity Heritage Site.
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National Rainfed Area Authority (NRAA)
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Biodiversity Heritage Sites (BHS)
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BHS is a well-defined, ecologically fragile ecosystems that possess rich biodiversity, high endemism, and significant cultural or aesthetic value.
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Notified by – State Governments in consultation with local bodies.
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Notified under – Section 37 of the Biological Diversity Act, 2002.
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Features –
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Areas for selection
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Species Richness
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High Endemism
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Evolutionary Context
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Genetic Value
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Cultural Space
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Science
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Amending Drugs Rules, 1945
Central government has amended the Drugs Rules, 1945.
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Objective – To strengthen regulatory oversight of advanced and emerging medical technologies.
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To ensure uniform regulation across India through the Centrally Licence Approving Authority (CLAA) framework.
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Expansion of Regulatory Scope
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Stem cell-derived products – It includes regenerative treatments and CAR-T cell therapies for leukaemias and lymphomas, are now included.
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Gene therapeutic products – Such as gene replacement and gene-editing therapies for genetic disorders and cancers, are also covered.
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Xenografts – A animal tissue-derived products such as heart valves used in cardiology and orthopaedics, fall within the expanded regulatory scope.
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Legal basis
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Governed by – Drugs and Cosmetics Act.
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Certain critical drugs are already subject to joint Centre and State regulation, including:
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Amendment expands this list to include advanced cell and gene therapies.
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Significance – It reinforces India’s regulatory framework in line with global best practices in emerging technologies.
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