Kargil Vijay Diwas commemorations

Notes

• Kargil Vijay Diwas commemorates the victory of the Indian Armed Forces in the 1999 Kargil War.
• Defence Minister stated that future dialogue with Pakistan will be restricted to the issue of Pakistan-occupied Kashmir (PoK).
• India has achieved significant progress in defence indigenisation, with domestic manufacturing now accounting for approximately 65% of defence equipment, compared to 30-35% previously.
• The RBI Governor emphasized that inflation control remains the primary mandate of the Monetary Policy Committee (MPC) over growth support.
• RBI reported that recent measures to attract foreign capital have mobilized nearly $32 billion, primarily through FCNR(B) deposits, and over $7 billion in government securities since June.
• The RBI maintains that the rupee is not overvalued and that recent depreciation is driven by global geopolitical tensions, dollar strength, and emerging market volatility rather than weak economic fundamentals.
• The RBI utilizes a data-dependent approach to manage the growth-inflation trade-off.

Part of a longer story

This is day 13 of 15 in Amarnath Yatra 2026, which has been running since 1 July 2026. Reading it whole is usually worth more than reading today alone — the exam asks how something developed.

• Kargil Vijay Diwas commemorations Before
• Amarnath Yatra Suspension After
• The whole story 15 entries