At the inaugural WAVES Summit 2025 held in Mumbai, the Prime Minister underscored the creative economy as a critical lever for India’s future GDP growth, innovation, and inclusive development.
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The Prime Minister announced the launch of the Indian Institute of Creative Technology (IICT), a National Centre of Excellence aimed at upskilling youth and fostering innovation in media, animation, gaming, and content creation.
The IICT is being established by the Ministry of Information & Broadcasting in partnership with industry bodies FICCI and CII.
Recently, the Supreme Court of India has raised concerns over the free ration distribution system, questioning its long-term sustainability and impact on economic policies.
Development Perspective: Economic Sustainability
Supreme Court’s Concerns: It observed that while States procure food grains from the Centre and distribute them for free, the financial burdenultimately falls on taxpayers.
It questioned whether India, in 2025, is still grappling with the same poverty levels as in 2011, when the last Census was conducted.
The United Nations Secretary-General Antonio Guterres called for urgent action in three key areas to help finance the achievement of the UN-mandated Sustainable Development Goals (SDG) by 2030.
Background
With the world facing compounding crises such as economic instability, conflicts, and trade disruptions, progress on the SDGs is lagging.
Developing nations are spending over $1.4 trillion annually on debt servicing, limiting their ability to invest in development.
A study led by astronomers from the Indian Institute of Astrophysics (IIA) have probed the dynamic “inner weather” of the Sun - plasma currents just beneath its surface that pulse in step with its 11-year sunspot cycle.
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The researchers have traced giant tides of plasma beneath the Sun’s surface at a region called near-surface shear layer (NSSL).
The plasma currents shift with the Sun’s magnetic heartbeat and could have a far-reaching influence on space weather and Earth.
Scientists have completed the main magnet system for ITER (International Thermonuclear Experimental Reactor), with India playing a significant role in building critical infrastructure.
International Thermonuclear Experimental Reactor(ITER)
The International Thermo-nuclear Experimental Reactor (ITER) Project is currently under construction in a 180-hectare site in Southern France.
Over 30 countries, including India, China, the US, Russia, Japan, South Korea, and the EU are collaborating to build the world’s largest tokamak, a magnetic fusion device to prove the feasibility of nuclear fusion as a large-scale and carbon-free source of energy.
