Udyog Kranti 

• The Punjab government launched ‘Punjab Udyog Kranti’, India’s first state-level comprehensive industrial reform to boost investment and ease of doing business. 
• Introduces 12 major reforms, including 45-day deemed approvals and a FastTrack digital portal. 
• Features self-certification, colour-coded stamp papers, and a single-window system. 
• Aims to attract investments, reduce red tape, and ensure faster clearances. 
• Supports Make in India and promotes job creation at the state level.

Carbon Pricing Report 

• According to the World Bank’s 2025 report, carbon pricing now covers two-thirds of global GDP, with rapid growth in India, Brazil, and Turkey. 
• Carbon pricing means making companies pay for the pollution they cause, shifting the cost from the public to the polluters. 
• There are three main tools: 
  • Emission Trading System (ETS) – companies trade emission limits 
  • Carbon Tax – fixed charge on emissions or fossil fuel use 
  • Carbon Credit Mechanism – buy credits for emission reduction efforts

AviList 

• AviList is the first unified global checklist of bird species created to support bird conservation efforts. 
• It replaces the IOC and Clements lists and will be updated annually. 
• AviList offers the most current and authoritative taxonomy of the world’s birds. 
• It is a collaborative effort involving BirdLife International, Cornell Lab of Ornithology, American Ornithologists’ Society, and others. 
• The list includes 11,131 species, 19,879 subspecies, across 2,376 genera, 252 families, and 46 orders.

Aircraft Accident Investigation Bureau (AAIB)  

• The AAIB has launched an investigation into the recent crash of Air India flight AI-17 (Boeing 787). 
• Established in 2012 under the Ministry of Civil Aviation, AAIB investigates aircraft accidents and serious incidents in Indian airspace. 
• Its aim is to prevent future accidents, not assign blame, following the Aircraft (Investigation of Accidents and Incidents) Rules, 2017.

Black Box 

• The Aircraft Accident Investigation Bureau (AAIB) recovered the Black Box from the wreckage of Air India’s Boeing 787 aircraft. 
• A Black Box has two main parts, 
  • Flight Data Recorder (FDR): Records flight details like speed, altitude, and engine performance. 
  • Cockpit Voice Recorder (CVR): Records sounds and conversations inside the cockpit. 

• Its main purpose is to record important data during flights and help in investigations after plane crashes. 
• Although called a "Black Box", it is bright orange for easy visibility. 
• It is made from strong materials like steel or titanium and is kept at the tail of the aircraft, where damage is usually the least during a crash.