India and France Adopt Innovation Roadmap 2030 Amid Record RBI Surplus Transfer

Prime Minister Narendra Modi and French President Emmanuel Macron adopted the Innovation Roadmap 2030 during bilateral talks, launching a new Dialogue on Economic Security. The roadmap emphasizes cooperation in technology, artificial intelligence, defence, and strategic economic security, building on a partnership that includes joint military exercises, defence deals, and co‑founding the International Solar Alliance.

The Reserve Bank of India approved a record surplus transfer of ₹2.87 lakh crore to the Union Government for FY 2025‑26 under its Economic Capital Framework. The unprecedented payout has sparked debate over central‑bank independence and fiscal federalism, as the amount is classified as non‑tax revenue and does not flow to state governments.