National News
RBI Cuts Repo Rate by 50 Basis Points
The Reserve Bank of India’s Monetary Policy Committee (MPC) concluded its meeting and announced a 50 basis points cut in the repo rate, bringing it down to 5.5%.
The policy stance was changed to ‘Neutral’ due to a softer inflation outlook and a need to maintain growth momentum.
Inflation projection for the year was revised downward to 3.7%, while GDP growth is expected to be lower amidst global economic challenges.
The RBI highlighted global uncertainties, including trade projections and technological disruptions, as ongoing risks to financial stability.
Vande Bharat Express Inaugurated for Kashmir
Prime Minister Narendra Modi inaugurated the Udhampur-Srinagar-Baramulla Railway Link (USBRL) in Jammu & Kashmir, marking the first-ever all-weather railway connectivity for the region.
Two new Vande Bharat Express trains were flagged off, connecting Shri Mata Vaishno Devi Katra to Srinagar.
Regular services on this route will commence from June 7, 2025, running six days a week.
The inauguration also included the opening of the iconic Chenab and Anji Khad railway bridges.
International News
PM Modi to Attend G7 Summit in Canada
Prime Minister Narendra Modi confirmed his participation in the G7 Summit, to be held in Kananaskis, Alberta, Canada, from June 15-17, 2025.
Modi received an official invitation from Canadian Prime Minister Mark Carney and expressed optimism about strengthening India-Canada ties.
The summit will focus on partnerships with emerging and developing nations, acknowledging India’s role as a major global economy and supply chain partner.
The visit is seen as an opportunity to reset India-Canada relations, which had been strained since 2023.
Sports News
French Open 2025 – Historic Men’s Singles Final
Carlos Alcaraz won the 2025 French Open Men’s Singles title, defeating Jannik Sinner in a five-set thriller.
The match lasted 5 hours and 29 minutes, making it the longest French Open final in history.
Alcaraz came back from two sets down and saved three championship points to win 4–6, 6–7(4–7), 6–4, 7–6(7–3), 7–6(10–2).
This victory marks Alcaraz’s fifth Grand Slam title and is widely regarded as one of the greatest performances in tennis history.
Exam-Oriented Quick Facts
RBI repo rate is now 5.5% after a 50 bps cut.
RBI’s policy stance is now ‘Neutral’ with inflation projected at 3.7% for the year.
PM Modi will represent India at the G7 Summit in Canada from 15-17 June 2025.
Vande Bharat Express services have started between Katra and Srinagar, enhancing connectivity to Jammu & Kashmir.
Carlos Alcaraz won the 2025 French Open Men’s Singles after the longest final in tournament history.
