Digest for 10 August, 2025
Ukraine Rejects US-Proposed Territorial Swap with Russia
Ukrainian President Volodymyr Zelensky has firmly rejected a "territorial swap" proposal floated by US President Donald Trump as a potential peace deal. Zelensky stated Ukraine would not surrender land or reward Russian aggression. His comments came as US and European officials met to discuss diplomatic solutions. The rejection casts doubt on a planned summit between Trump and Russian President Vladimir Putin in Alaska, which Zelensky declared would be "null and void" if Ukraine is not a participant.
India's Defence Production Hits Record High of ₹1.5 Lakh Crore
India's annual defence production surged to a record ₹1,50,590 crore in FY 2024-25, an 18% increase from the previous year and a 90% rise since 2019-20. The Ministry of Defence credited policy reforms and the 'Aatmanirbhar Bharat' initiative for the growth. Defence Public Sector Undertakings (DPSUs) accounted for 77% of the output, with the private sector contributing 23%. This milestone reflects the country's strengthening industrial base and a successful push towards self-reliance in defence manufacturing.
INDIA Bloc to Protest Alleged "Poll Fraud" in Bihar
The opposition INDIA bloc is intensifying its campaign against the government, planning a protest march to the Election Commission on Monday over alleged "poll fraud" and a special electoral roll revision in Bihar. Following a strategy meeting, leaders from 25 parties have united to challenge what they term the "vote chori model" of the BJP and the EC. Congress President Mallikarjun Kharge will host a dinner for the bloc's MPs to further consolidate their joint front against perceived electoral manipulation.
India-Oman Free Trade Agreement Nearing Finalisation
The free trade agreement between India and Oman is expected to be announced soon, according to an official. The Comprehensive Economic Partnership Agreement (CEPA) text is currently being translated into Arabic, after which it will require cabinet approval from both nations. The pact aims to significantly reduce or eliminate customs duties on most goods, boosting bilateral trade, which stood at over $10 billion in 2024-25. Oman is India's third-largest export destination among Gulf Cooperation Council countries.
First-Ever Freight Train Reaches Kashmir Valley, Boosting Commerce
For the first time, a freight train has reached the Kashmir Valley, arriving at the Anantnag Goods Shed from Punjab. The train, carrying 21 wagons of cement, completed the 600-km journey in under 18 hours. This historic development connects the region to the national freight network, promising to significantly lower transportation costs and accelerate infrastructure projects. The new rail link is expected to be a game-changer for the local economy, particularly for the Valley's vital fruit industry.