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News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies
1.
In the past year, the rupee has fallen 5.6 per cent, from 84.7 to 89.7, against the US dollar. It has fallen even more against the euro (9.4 per cent) and the British pound (14.3 per cent), besides also weakening against the Japanese yen and the Chinese yuan over this period.
2.
States have often expressed concern regarding their fiscal space being squeezed in recent years. There was a noticeable change that was brought about by the 14th Finance Commission in raising the share of states in the divisible pool of central taxes from 32 per cent to 42 per cent.
3.
On November 26, we celebrated Constitution Day. At the end of this week, the country will commemorate December 6, the death anniversary of BR Ambedkar.
4.
The centre last week approved a Rs 7,280-crore scheme to promote the manufacturing of rare earth permanent magnets (REPMS) in India. These high-strength REPMs are crucial for a wide range of technologies, such as electric vehicles, renewable energy systems, and defence applications.
5.
A new analysis has found that no Indian city recorded safe air quality levels between 2015 and November 2025, with Delhi being the most polluted city during this period.
6.
Gross Goods and Services Tax (GST) collections in November (for sales in October) stayed flat at Rs 1.70 lakh crore as against Rs 1.69 lakh crore last year. This comes after the sweeping rate cuts for over 375 items under GST 2.0 that became effective September 22. Including compensation cess, which was earlier counted as part of gross GST mop-up, the gross collections were down 4.0 per cent at Rs 1.75 lakh crore in November.
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