Global Energy Security and Diplomacy

• Focus shifted to stabilizing global crude oil prices by coordinating releases from strategic petroleum reserves, primarily in response to ongoing geopolitical disturbances in key supply regions.
• Discussions included the expansion of the "Green Transition Fund (GTF)," allocating significant financial resources for climate adaptation and renewable energy infrastructure development in emerging economies over the next five-year cycle.
• Member states affirmed commitment to the "Digital Services Tax" framework aimed at ensuring equitable taxation of multinational tech corporations, pending ratification by the end of Q4.

Diplomatic Outcome Area	Key Action / Agreement	Timeline / Target
Food Security	Pledges made to increase grain exports to drought-affected regions by 15% via designated humanitarian corridors.	Immediate (Next 60 days)
Cyber Warfare	Establishment of a joint task force to standardize protocols for attribution and response to state-sponsored malicious cyber activity.	Operational Q3
Rare Earth Minerals	Agreement to diversify sourcing chains to mitigate supply concentration risks and stabilize prices for strategic manufacturing inputs.	Long-term strategy

Domestic Fiscal and Monetary Policy

• The central bank maintained the inflation targeting band at 4% ± 2%, citing persistent supply-side cost push pressures, necessitating a cautious and data-dependent approach to monetary easing.
• Implementation of the second phase of the "Productivity Linked Incentive (PLI 2.0)" scheme, specifically targeting advanced manufacturing sectors such as specialized chemicals, semiconductor fabrication, and aerospace components.
• Revised guidelines for Foreign Direct Investment (FDI) simplified approval processes for non-sensitive sectors, intending to boost capital inflows by 10% year-over-year.

Key Economic Indicators (Recent Quarter)

• GDP Growth Rate: 6.5% (Year-on-Year)
• Core Inflation (WPI): 5.9%
• Fiscal Deficit: Maintained at 5.8% of GDP
• Unemployment: Registered a marginal decrease to 7.1%

Space Exploration and Technology Update

• Successful validation of the atmospheric re-entry system prototype for the future crewed mission, confirming thermal shielding integrity under extreme velocity conditions.
• The space agency announced the deployment schedule for the new generation of geostationary communications satellites ("GeoSat-12"), designed to enhance broadband coverage over the polar regions.
• Research focus shifted to developing indigenous solid-state batteries for deep-space probes, aiming for a 40% increase in energy density compared to current lithium-ion technology.
• International collaboration finalized on protocols for asteroid trajectory monitoring, focusing on early detection and risk assessment of Near-Earth Objects (NEOs).