India will soon have one of the fastest elevators of the world travelling at a high speed of 10 metre per second. Such an elevator is currently available at the iconic Burj Khalifa in Dubai [124 floors covered in less than a minute].

Though there are elevators in China which travel at double the speed, this will be the first time that India will see such a high speed elevator.

Otis India, one of the country’s largest elevator companies said it has received a prestigious order from real estate company Prestige Estates to install two super fast elevators that can travel at 10 metre/second at the under-construction.

The Prestige at Mahalaxmi, Mumbai which will be India’s tallest commercial building when complete. Once installed, these will be the fastest elevators in India.

IRDAI asks insurers to link performance payment with customer service metrics

Taiwan recently surpassed India to become the world's fifth-largest stock market, with a market capitalization of $4.95 trillion compared to India's $4.92 trillion

This shift was driven by the global artificial intelligence (AI) boom and massive rallies in semiconductor companies like Taiwan Semiconductor Manufacturing Co. (TSMC).

Life Insurance Corporation (LIC) of India has launched two new joint life savings and protection products for married couples: New Jeevan Sathi Single Premium (Plan 888) and New Jeevan Sathi Limited Premium (Plan 889).

Both plans cover a married individual and their spouse under a single policy, with policies officially available for purchase starting June 1, 2026

Key Shared Features

Minimum Basic Sum Assured: ₹3 Lakhs

Entry Age: Minimum 18 years

Guaranteed Additions: Both plans offer fixed guaranteed additions that boost the payout upon maturity or death.

The Indian government plans to divest about a 2% stake in the Life Insurance Corporation of India (LIC) via an Offer for Sale (OFS) to institutional investors in late June or early July.

The sale is expected to raise up to ₹10,000 crore, gradually lowering the government's current 96.5% holding to eventually meet SEBI's minimum public shareholding norms.

The insurer currently has up to May 2032 to comply with SEBI's 25% minimum public shareholding (MPS) mandate.

The PM Surya Ghar Muft Bijli Yojana has officially crossed the 40 lakh household milestone

Launched in February 2024, the initiative is transforming ordinary citizens into power producers by offering massive financial subsidies to install rooftop solar panels.

The Goal: The government is aiming for 1 crore (10 million) household installations by March 2027.

The Benefits: Families can receive up to 300 units of free power per month and sell surplus electricity back to the grid for extra income.

State Leaders: Gujarat, Maharashtra, and Uttar Pradesh lead the country in adoption rates

The Government of India has launched Samadhan Didi, an AI-enabled voice chatbot integrated into the CPGRAMS (Centralised Public Grievances Redress and Monitoring System) portal. It allows you to lodge complaints simply by speaking in your native language

Soon, Your SIP Could Be Deducted Directly from Your Salary! 💰

Just like PF and NPS deductions, your Mutual Fund SIP may also be deducted automatically from your salary every month.

🔹 SEBI has proposed a payroll-linked SIP facility for salaried employees.
🔹 Employees can choose to join the facility—it will not be mandatory.
🔹 The deducted amount will be invested in mutual funds, and the units will be allotted in the employee's own name.
🔹 The aim is to make investing easier, encourage regular savings, and help people build long-term wealth.
🔹 SEBI has also proposed relaxing certain rules to make this salary-based SIP system possible.

Note: This is only a proposal for now and has not been implemented yet.

Source:- @interview_lib

India has surpassed the United States of America in annual solar capacity additions to become the world’s 2nd largest solar growth market in 2025.

India has crossed a remarkable 155 GW of installed solar capacity, helping achieve country’s 50% non-fossil fuel capacity target.

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Prime Minister Narendra Modi is set to become India’s longest continuously serving democratically elected prime minister on June 10, overtaking the record held by independent India’s first prime minister, Jawaharlal Nehru.

Modi, who first took oath as prime minister on May 26, 2014, will complete 4,399 consecutive days in office on June 10.

This will surpass Nehru’s record of 4,398 days, which spanned from May 13, 1952, when he took oath after India’s first general elections, until his death on May 27, 1964

The milestone marks another landmark in Modi’s political career. He had already overtaken former prime minister Indira Gandhi’s longest uninterrupted tenure on July 25, 2025.

Gandhi served continuously as prime minister from January 24, 1966, to March 24, 1977 — a period of 4,077 days.

Health insurance coverage crosses 60% of households!

Maruti Suzuki India Ltd has launched India’s first flex-fuel car which gives the flexibility to customers to run on any blend of ethanol and petrol from E20 toE100.

RBI keeps REPO RATE UNCHANGED at 5.25 percent

-India's FY27 GDP growth projection revised downward to 6.6%
-RBI increases FY27 inflation forecast by 50bps to 5.1% amid West Asia war

E85 fuel launched 🙁

India's real GDP growth for the fiscal year 2025-26 reached a robust 7.7%, accelerating from 7.1% in 2024-25.

According to provisional estimates released by the Ministry of Statistics and Programme Implementation (MoSPI), the fourth-quarter growth alone hit 7.8%, sustaining the economy's position among the fastest-growing major economies globally